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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.
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.
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RNS to cover the if the bond holders/ shareholders don’t agree to the restructuring of the company your well late and out of date .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 .
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!