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Avanti Comm. Share Chat (AVN)



Share Price: 4.995Bid: 4.51Ask: 5.48Change: 0.00 (0.00%)No Movement on Avanti Comm.
Spread: 0.97Spread as %: 21.51%Open: 4.885High: 0.00Low: 0.00Yesterday’s Close: 4.995


Share Discussion for Avanti Comm.


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buko
Posts: 1,080
Opinion:No Opinion
Price:2.88
RE: News
Sun 22:38
Info please ??!!
 
iknowverylittle
Posts: 119
Opinion:No Opinion
Price:2.88
RE: News
Sun 21:06
2 debt ridden companies have joined each other. yay.
cassius
Posts: 1,851
Opinion:No Opinion
Price:5.30
News
Sun 10:46
romaron
Posts: 756
Opinion:No Opinion
Price:4.89
Elephant in room
Thu 15:12
If you look at the Inmarsat site they have had 21 RNS today and counting. Obviously all to do with the Echostar approach but unlikely that Avanti won't feel the ripples. In fact the AVN RNS's started at the same time the news was released. Now I would describe that as a causal link ! Either I've been spending too long on bulletin boards or reading GCCR posts has finally got to me. ISAT was talking to AVN and that in itself is not unusual. However, we do own spectrum and have a latest satellite in space. I realise that owning spectrum in Africa is a bit like the measurement of oil STOIIP which sounds great but mainly stays in the ground because it is not commercial to produce (Gatwick Gusher). What is worrying is that it seems the AVN people are in the dark. The good news is that maybe it's serendipity at play which even Avanti Directors cannot mess up. It must be mighty frustrating to a hedge fund to look at AVN and realise they cannot play as there is no liquidity. They could be finding other ways to get a foothold?

Romaron - still in the mushroom Club.
romaron
Posts: 756
Opinion:No Opinion
Price:4.89
What is the market price?
Thu 10:41
I have been saying for some time that a wet finger in the air might produce a more accurate price. That may sound glib but I was involved in trading FX and it was an occasional ploy to leave the wrong price alone in the market. You'd be amazed at how many people would use it as a crutch when quoting an illiquid period or in a thin market. Why touch a $10mio dollar price when you had Goldman wanting minimums of $100mio? I'm not saying this is the case here or even that there is anything going on. The market in Avanti died some months ago so perhaps I'm verging on bb paranoia but there are areas I'm unclear on.

The company is in the bunkers and on 13th June were even unaware of the 6 RNS's issued at that time. This is unforgivable in one sense as it is sloppy and there is a cost per RNS. IIn mitigation it may be of course that the mp is of little consequence at this time and anyway, the company has little control over it. It may be just a regulatory glitch and unimportant in the scheme of things.

For the conspiracists maybe somebody can translate this. Remember these are midday auctions not the usual fat finger, price affecting news or leak reaction that occur at odd times; or first and last auctions at opening and closing.

I am awaiting some clarity but not holding my breath to an email I sent some days ago.

" London Stock Exchange announces the introduction of the new scheduled daily SETS Intra-day auction for equities on Monday 21 March 2016.

The new Intra-day auction is a Midday price forming auction mechanism for trading larger sized orders.

Participants will benefit from:

· Opportunity to take part in a price forming liquidity event, timed to coincide with the traditional low point in daily volatility, and exempt from the MiFID II double volume caps in dark trading

· Only Level 1, top of book data, visible during auction, limiting market impact of larger sized block orders

· Provision of mid-day price formation for products and portfolio benchmarking, removing the need to use last or mid-price

=====

I am confused. The exemption from MiFID suggests a certain opaqueacy and although it is level 1 pricing do they have to record the trades done at this time? The amounts traded have been tiny for months and I thought that illiquidity was the cause of these RNS's or could it be a vehicle to get larger amounts traded? They say that this Midday auction is to facilitate trading larger sized orders. Very often an RNS is a CYA response from Directors and officials who like being Directors and don't wish to breach Governance rules. They may be automatically generated but bearing in mind the fragile finances of Avanti this might indicate sharper operators are building or reducing stakes. Something isn't right?
HeadInTheSand
Posts: 1,635
Opinion:No Opinion
Price:4.89
RE: Make that the last 12 RNSes
Thu 09:06
WO you may well be right. Given the impending liabilities and attendant funding requirements, I'm expecting a great deal more clarity on things by end July latest.

I still wonder, despite the lack of volume traded but given the speeding tickets, whether some few have got hold of what might be around the corner within 5 or so weeks' time? I guess we'll just have to wait and see...
Whatsoccuring
Posts: 235
Opinion:Hold
Price:4.89
RE: Make that the last 12 RNSes
Thu 07:50
HiTS I think the time line maybe more towards mid to late July, once the 3months is up from H4 being in position.
justthoughtidsay
Posts: 106
Opinion:No Opinion
Price:4.89
RE: Make that the last 12 RNSes
Wed 22:48
it could be something brewing or it could be a combination of large spreads and low volumes. I’m noting the volumes are still low so no big seller in the background as far as I can see. But hey what do I know?
HeadInTheSand
Posts: 1,635
Opinion:No Opinion
Price:5.30
Make that the last 12 RNSes
Wed 17:21
Quite an acheivement to have 6 double speeding tickets within 13 days... wonder what's occurring?

I expect more as the end of June approaches, because I reckon something's brewing behind the scenes that some have got wind of...
buko
Posts: 1,080
Opinion:No Opinion
Price:4.92
RE: The last 6 RNS's
12 Jun '18
Romaron
Obviously everything isn’t hunky dory
And I would agree with you on the Rns
But it goes both ways selling and buying
Hopefully we’ll see soon romaron
From my research I’m sticking on this one
Best regards.
romaron
Posts: 756
Opinion:No Opinion
Price:4.99
RE: The last 6 RNS's
12 Jun '18
Hi buko, if it's all so hunky-dory then why have we had 6 price monitoring extensions in the last 3 trading days which have to be RNS'd. It's hardly normal? I have never trusted the reporting of trades but pay attention when companies issue RNS's. They are not an indication that it's all tickety-boo.
buko
Posts: 1,080
Opinion:No Opinion
Price:4.92
RE: The last 6 RNS's
12 Jun '18
Romaron,
Thanks for your insight unfortunately I disagree on every account .
The fact the the share issue has now reached 2. Something billion and the ex bond holders are still holding tighter looking at the trades since April the 30th only one trade went through at 45k shares the rest over 100k where cancelled out seconds after look back and you’ll find the trades yourself.
It’s not in the BOD’s monthly or daily routine to try and manage avn’s Share price what is important is to transform Hylas 4 into the very best that’s out there driving prices down over the total fleet which will happen .
The fact that the trading pattern obviously has changed has been said by S/S
Smaller lows and bigger highs
Where actually in a 3/4 % daily trade range we seem to have moved for the 20/30% swings .
The spread romaron only morons looks at the spread on lse go to your broker mate I could buy at 5.2 close of play .
We’ve still have a nomad what a strange statement and what auction are you referring too ,
The if it’s the April late RNS to cover the if the bond holders/ shareholders don’t agree to the restructuring of the company your well late and out of date .
Cheers .
romaron
Posts: 756
Opinion:No Opinion
Price:4.99
The last 6 RNS's
12 Jun '18
It appears that they aren't even keeping up the pretence of AVN having an orderly market. We know there are hundreds of millions of shares available but they are largely held by the bondholder/shareholders and are basically lock-up paper and the few PIs left have them in a drawer and will see what the Gods will bring. The only reason we know this is:
(a) the pitifully small amount traded
(b) the spread
(c) the AIM rules that mean we have an auction any time there is a mismatch which is almost a foregone conclusion with the current amounts and spread. These then have to be reported, hence the RNS's!

We still have a Nomad and a rule of AIM is that you must retain a broker at all times. The current situation makes it uneconomic for the broker and they aren't being helped (it seems) by the company. Each day it appears that AIM isn't really in their plans. When something is no longer needed it tends to be forgotten and overlooked. The share price is no longer indicative of anything imo and it's either the Directors have thrown the towel in (without telling us) or a plan (good or bad) is being prepared.

It smacks of poor governance to let this charade continue. Perhaps the dénouement is closer than we think!
MattTheBrave
Posts: 2,485
Opinion:No Opinion
Price:5.00
RE: RNS
12 Jun '18
Agreed HITS. And even more laughably, GCC still doesn't know how to use the site. Everyone who's been on here for 5 minutes knows that the function is 'Filter' not 'Ignore'. Bless.
HeadInTheSand
Posts: 1,635
Opinion:No Opinion
Price:4.50
RE: RNS
11 Jun '18
KPat, as you'll have gathered from the thread post immediately preceding mine, there are one or two sorry individuals still posting on here who were talking the share up when it was at the heady heights of 200p+. They've not stopped since.

You can always recognise that type of PI. They're the ones who start making wild accusations about "multiple IDs! Evil Global Shorting Conspiracy (tm)! Paid trolls!" whenever faced with less than ramptastic counter-opinion. Then they shut their eyes tight, shove their fingers in their ears and sing La La La as loudly as they can, rather than even consider the validity of any position in any way differing from their own, Tragic, really... but things probably feel nicer to them once they've pulled their pink fluffy blinkers on.

Back in the real world, recent SP movements do give strong indications that we're nearing placing o'clock in my book... we'll just have to wait and see.

AIMO.
alto1
Posts: 515
Opinion:No Opinion
Price:4.50
RE avn
11 Jun '18
lets face avn is now just a gamble so do you take a lower cash out price or do you keep your bet for the second half? teams are FC AVN V FC INSOLVENCY. score 0-1. three months left of second half. cash out is so crap that i have decided to stay for second half. will keep you updated as scores come in enjoy the game. we have all paid for front row seat
GCCRa
Posts: 718
Opinion:Strong Buy
Price:4.50
RE: RNS
11 Jun '18
I'm not sure which of these posts you've been reading KPatel because I'm afraid I don't see most of them anymore. That's because they're on IGNORE. Don't be folooled by the persistent negativity of those with multiple ID's and a de-ramping job to do.
Kpatel4
Posts: 30
Opinion:No Opinion
Price:4.50
RE: RNS
11 Jun '18
Cassius and HITS,

Thank you for your explanations , this makes a lot more sense to me now. I appreciate your time.

This is a forum which I'm sure I speak for the rest of us when saying it gives investors an opportunity to learn, gain knowledge, and make for better investment choices.

Unfortunately we have morons who I also believe the majority of this forum are aware of that make unhelpful and hostile posts who in all honesty clearly have deeper issues in life.
MattTheBrave
Posts: 2,485
Opinion:No Opinion
Price:4.50
RE: WO
11 Jun '18
WO - Highly unpleasant, and an idiot - what a combo!! I'm guessing you're single, right...?
Whatsoccuring
Posts: 235
Opinion:Hold
Price:5.50
RE: WO
11 Jun '18
Maybe a fraction of the SP when you lot, or single entity under alias, invested - but not for me.

You lot clearly invested in something you know nothing about and now moan like a 20quid ***** as your "investment" is potless.
cassius
Posts: 1,851
Opinion:No Opinion
Price:5.00
RE: If further funding is impossible
11 Jun '18
HITS, it was only a rough calculation. If I remember rightly , I think that the original bid of �1.40 per share plus debt roughly came to �1 billion. That was mainly the debt of course.

The figures ( done on the back of a matchbox) all depend on that original bid having substance. If you are right and it never happened, then what Avanti would be valued at,if a bid ever came in,is anyone�s guess.

Cass
romaron
Posts: 756
Opinion:No Opinion
Price:5.00
RE: If further funding is impossible
11 Jun '18
It is possible to create various scenarios and one could be the appointment of Kyle Whitehill. His previous contract was short term (1 year I believe) and who is to say this isn't another? Taking charge of a loss making company would also include a thorough investigation and personal due diligence with the possible decision that the company had no future as a stand alone company. He had been in discussion with Rupert Pearce shortly before the GM but that could mean anything. A G2 meeting or something more? The likeliest reason was nosiness on the part of RP. Apparently RP a better talker than listener. Maybe he's under stress.
HeadInTheSand
Posts: 1,635
Opinion:No Opinion
Price:5.00
RE: If further funding is impossible
11 Jun '18
Cassius, I've not crunched the numbers re "then and now" market cap and debt, but I suspect you have... $550m less debt but more than 12 times the shares in issue.

Thing is, I'm not at all sure how real that 140p offer from Inmarsat ever was. They were certainly very quick to distance themselves from any offer and state they were no longer interested at all back in late Jul/early Aug 16 - so I'm not sure that alleged 140p bid in any way represents a valid start point for any calculations as to current value as a potential acquisition.

AVN has assets for sure (tin in the sky - now including H4 as you point out and spectrum rights). What it doesn't yet have is any commercially viable track record as a going concern - which is why IMO it's only worth considering the value of its assets and not its overall business.
cassius
Posts: 1,851
Opinion:No Opinion
Price:4.99
RE: If further funding is impossible
11 Jun '18
HITS, we had a bid �1.40 and we turned it down when the debt was much higher than now. I believe an equivalent bid now would be around 30-35p. That is just based on market cap + debt. There was a far bigger debt before but a smaller market cap because of far less shares. Also when the �1.40 bid came, H4 was not in the sky and that has got to have added a lot more value.

Romaron, thanks for the reply. I appreciate it.

Cass

Romaron, thanks for the reply.
MattTheBrave
Posts: 2,485
Opinion:No Opinion
Price:4.99
RE: WO
11 Jun '18
Agree with that Tracker. Note he hasn't answered my question as to whether he bought more below 5p either.




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