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O not again. Come on AVG, slap it on the table or push off.
1. Banking covenants. 2. AVG offer. 3. YE results. The fact that all three announcements now have the same deadline date is clearly not coincidental. Completely staged and for a reason . . .?unquestionably. Wish I knew the bloody reason !!!
fully the last extension lol
looks like we have to wait another week, i dont mind as hopefully the results will be better than last year.
Avg now have till 30/6 with results same day. Interesting week ahead.
Eyes peeled for any RNSs tomorrow morning or volume in the day. Right now it does feel like more can-kicking is on the way.
Not looking good for a deal. Hope its not 'kick the can down the road' for another month.
Also finals are out 28th June.
A few thoughts on the possible scenarios we might now see. The next key time/date is 5pm on Friday this week (23 June), when AVG must bid for HAYT or walk away. Extension is possible but becoming less likely as it’s already been extended twice. It’s eerily quiet, but something’s probably going to happen soon! The possibilities include: 1 AVG make a successful bid. Who knows what value or format a bid would assume, but FWIW Wanglii’s straw poll on this chat board had a range of 48pps to 125pps with an average of 75pps and a median of 72pps. 2 AVG walk away. 3 HAYT announce new banking facilities. 4 HAYT announce operational news (orders etc) 5 HAYT announce other fund-raising. Unlikely imo. 6 HAYT release early some further information about performance from the financial year 2016/17, and/or forward guidance for 2017/18. Booking existing (delayed) orders should already be largely back on track, and new orders continue to flow, so I imagine HAYT will be keen to back this good news up asap with more concrete figures and (more conservative this time) projections for EBITDA, EPS etc. 2 to 6 could arrive in any permutation/combination. All could potentially be good or bad news (although I’m speculating it’ll be good). WTFDIK but FWIW my best guess is that we’ll see AVG walk away, and new favourable banking facilities (including long term refinance of the term loan falling due now) confirmed simultaneously. Maybe we’ll also learn what AVG value HAYT at! The SP will yo-yo for a while as, for example, hot money chasing a potential bid leaves, but longer term investors arrive/return as stability returns, and HAYT is once again seen as a decent growth stock with a progressive divi. As an AIM small cap expect volatility, but also expect a return over time to 80+pps, all other things being equal. That’s where we sat happily in October before the current period of volatility kicked off. If AVG go away, I think that after the dust settles, the view (to quote the PM) will be that “nothing has changed” since October. Just minor delays in booking orders having an over-exaggerated impact on revenues, covenants, facility arrangements, and sentiment. However with long term banking facilities sorted, delayed and new orders completing and feeding through to the bottom line, and credibility returning, those concerns will evaporate. The focus will return to the world class business, partnerships and operational improvements from Luton etc etc. A bright future then awaits hopefully.
12 new pairs boxer shorts will be at the ready from Sunday onwards Flundra
Well, my advice for next week would be: 1 Strap in 2 Tighten sphincters 3 Watch for volume 4 Expect anything 5 Be happy re 2 and 3, check regularly for leaks lol!
Why the talk of 'tomorrow' (today)? Next takeover announcement has until 23rd June.
If RBS are on it means they know they are going to get their money back and HAYT will be back in profit. 80p if it does what you say tomorrow but very much doubt it at the moment.
It would only be worrying to anyone over-exposed to this share who can't afford to lose the money. If you are worried then you have broken both rules: 1) Don't invest too much in one share 2) Don't invest what you can't afford to lose I have 3500 shares so its just a side interest for me and I already made plenty trading these but of course I'd like to see a positive return on the 46.4p I paid; but if not c'est la vie.
Not with you on that post Wanglii. If AVG we're off and RBS were on, why would it be status quo? If RBS are "on" who cares about AVG, I'd rather see HAYT continue as is with long term financing in place and sit tight for a period of time. My own opinion of course.
Thinking we shall hear that AVG are off and RBS are on tomorrow. Status quo and back to 37p by the end of the month. its been an interesting and exciting time. I now see why HAYT announced the contract wins in the days following the AVG approach. Hope I am wrong for you guys as I got out after the last RNS extension.
Been reading the AVG chat on ADVFN. Interesting to see that those investors seem to think HAYT are under the cosh and AVG effectively holding all the cards. I'd love to know why AVG's share price has dumped c25% Also a few new RNS's relating to HAYT t/o on there. Someone knows something I'm sure of it . . .
No idea what the numbers are at the end of that post
Either way I've asked the kids to get me some more undies for Father's Day, think I'm gonna need them next week 😏
Could be that the excellent aqusition they were hoping for got funding and they missed their chance 😂
Realisation that the excellent acquisition they're about to make is going to cost a bit?!
Word of fund raising perhaps?
Post dividend ... perhaps.
Why the two day big fall at avingtrans. Anyone know why?
Another big sell after the bell. My anxiety metre is at level 10 again. Several big sells at early 40's is a little worrying is it not?