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Share Views Episode 9 - Early Stage Investment Opportunities


Avanti Comm. Share Chat (AVN)



Share Price: 28.00Bid: 27.75Ask: 28.25Change: 0.00 (0.00%)No Movement on Avanti Comm.
Spread: 0.50Spread as %: 1.80%Open: 28.50High: 28.75Low: 27.25Yesterday’s Close: 28.00


Share Discussion for Avanti Comm.


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WhiteBlue
Posts: 276
Observation
Opinion:Strong Buy
Price:28.00
RE: ESA Contract
Today 06:10
So the conclusion is then that avn will avoid any type of debt for equity swap that would lead to legal action, or they would loose at least euro 10.7m of contracts from ESA and maybe other contracts too?
Which probably means that bondholders rejecting the PIK exchange proposal will get paid in cash anyhow- the 60% acceptance so far means that at most 40% of the coupon would be paid in cash - something avn can probably do given the 42m working capital normalisation is happening.
All this given that it is very likely that that group of 60% bondholders also hold at least 45% of the equity themselves.
Unless there is a full and fair M&A bid - which is still very likely in my view.
 
Crobe
Posts: 180
Off Topic
Opinion:No Opinion
Price:28.00
RE: ESA Contract
Today 01:59
ESA contract terms: - Just fir information.

The Agency may at any time terminate the Contract by giving written notice with immediate effect in any of the following events:
a) if the Contractor becomes insolvent or if his financial position is such that within the framework of his national law, legal action leading towards bankruptcy may be taken against him by his creditors;

We shall see what happens next Monday after the bond-holder acceptances are in.
Crobe
Posts: 180
Off Topic
Opinion:No Opinion
Price:28.00
RE: ESA Contract
Today 01:47
A little point abut how ESA works.
Science programs are mandatory - other programs, such as the Telecoms ARTES program are optional.
This means that all contracts awarded under these programs are backed by the national government, and have to come from their contributions.
So this contract from ESA is a direct contribution from the UK government via ESA, rather than ESA awarding the contract through some other process, and is a follow-on from the IPSP program.
These are direct government research grants.
Knowing how long ESA takes to go through this process - this is probably a contract that they have been processing since last year - so cannot be seen as a vote of confidence in Avant'si current position - although welcome for the long term.
WhiteBlue
Posts: 276
Observation
Opinion:Strong Buy
Price:28.00
RE: ESA Contract
Sun 22:00
Excellent points. Especially with ESA contributing Euro 10.7m. Not something you would do with a company that is about to go bust...
slipperyslope
Posts: 3,517
Off Topic
Opinion:No Opinion
Price:28.00
RE: ESA Contract
Sun 20:21
Ha Ha! Still no one can respond to the point that I just cannot see the European Space Agency entering in to a long term contract with a company that was going down the pan. ESA seems to be backing Avanti and always have. The Artemis was another example. Plus the Bentley Walker long term contract. All post the July statement.
romaron
Posts: 576
Off Topic
Opinion:No Opinion
Price:28.00
RE: ESA Contract
Sun 13:36
slippery - You forgot to mention that Bentley Walker are also open on a Saturday which is worth knowing if your iron or hair-dryer dies on a weekend. Could be useful to me as I'm spending a few days in West Wittering next month.
slipperyslope
Posts: 3,517
Off Topic
Opinion:No Opinion
Price:28.00
RE: ESA Contract
Sun 08:23
There was also Bentley Walker, the largest supplier largest supplier and operator of VSAT Networks outside of North America announced a new contract with Avanti to provide superfast satellite broadband in Tanzania. Avanti and Bentley Walker extended their longstanding, extensive partnership to provide consumers, NGOs, Government departments and businesses of all sizes with Internet connectivity of up to 24Mbps across the country. Further indications that major contractors are happy to extend and deepen contracts with Avanti post the July announcement. A lot going on behind the scenes here.
slipperyslope
Posts: 3,517
Off Topic
Opinion:No Opinion
Price:28.00
RE: Zuckerberg (and FB) criticised
Sun 07:07
That should have said $1billion of course not $1million which would not go anywhere.
slipperyslope
Posts: 3,517
Off Topic
Opinion:No Opinion
Price:28.00
RE: Zuckerberg (and FB) criticised
Sun 06:40
I am okay with MZ as I did well out of buying his shares back in 2012 for just $18 after the IPO when everyone was saying Facebook would not make any money. Still I will also be happy if MZ comes up with a mere $1million to team up with Avanti. He could find that in his backpocket.
slipperyslope
Posts: 3,517
Off Topic
Opinion:No Opinion
Price:28.00
RE: Artemis
Sun 06:35
Reports out at the time when Avanti acquired Artemis in October 2013 were that it only had 3 years service left in the ageing satellite. Presumably it is now coming out of service. Hylas-3, which was tentatively set for launch in 2015, is to be stationed at Avanti’s 31 degrees east orbital slot, will be used by Astrium Services, under ESA contract, to provide commercial data-relay services between low-orbiting Earth observation satellites and manned and unmanned aircraft, and users of these platforms’ data. Providing the orbital slot for an ESA satellite permitted Avanti to save a substantial amount of money against what it would have spent on a Hylas-3 without ESA involvement.

- See more at: http://spacenews.com/37843avanti-to-buy-artemis-data-relay-satellite-from-esa/#sthash.DAyPQT9x.dpuf




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