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Thanks Amanda. Nothing I want to do more than sink some my hard earned wealth into a stock tip from someone who admits to having been invested in this pile of junk (debt)!! Surely no-one's going to follow that one - ah wait, I forgot about GCCRa - he loves small caps with no earnings!!
I’m out of this.. I’ve set myself stop loss twice and cancelled it but enough is enough.. ANIC.L has just released an RNS, bargain price. 11.5M MCAP, Goldman Sach, Morgan Stanley TR1’s. HUGE growth industry. Was 12 recently fell back with economy plenty left to rise..
Does anybody know this. I intent to keep my shares, lot most of my money anyway, do you get proof of the amount of shares you own? or how does it work?
KPatel - Avanti has a website which will keep you informed. Companies House has a facility for following a company and getting free information. Also, the company has duties and obligations to a shareholder. You will not be cast adrift without a paddle.
You have to decide whether there are any prospects for recovery or whether to dump and run. It is all down to faith and whether you have any left after the steep declines in share price in spite of the gigantic recent progress.
KPatel - there will be no share price, and hence you will not be kept infomed of what your holding is worth. You will also receive no imformation about the Company unless you dig for it. Why do you think so many PIs are selling out?!
Well, as a cost saving move this is a simple lie. More money will be spent in taking it private than savings from AIM because lawyers will be employed to avoid individual negligence claims. There is some value but will its sale value be more than the remaining debt? If down the road a vulture fund buys some of the debt they might hit resistance from the 3/5 largest funds if they're still invested. They have some converted debt as equity and would (I imagine) want something for it even if only scrap value. It is probably a forlorn hope but will depend on their decisions. If they see some value in the equity or move between the two for accountancy tax benefits/reclaims then it might be worth them keeping the equity as a tool in extracting any future value when disposing either in a managed sale or a forced sale.
Very interesting to see how this whole situation has played out.
If PI hold there shares how are they kept informed of the share price and what their holdings are worth? Because if I’m a miraculous turnaround the company picks up and the share price moves north then PIs will surely have opportunity to sell?
Does not seem worth selling the holdings at such a low price and rather wait and see what happens when the company is made private in the years to come.
Legally PIs cannot be just wiped out surely?
Cheated TBF, that comment - although totally fair - applies to the old David Williams regime. Unfortunately it seems that Kyle Whitehill for all his smarts, can't pull this iron out of the fire (hardly surprising, considering the terminal profligacy of the previous BoD).
Mind you, who are the fools? How much did Williams walk away with? It was an eight figure number - and guess who paid for it?
You are not seriously suggesting that this crowd of sharks actually participate in launching further satellites. They have been a dismal failure to date. They have destroyed shareholder's value and rest in a quagmire of debt. They have demonstrated fairly accurately that they should have learnt to crawl before attempting to walk.
Fair enough Jeff, good luck to you sir.
I haven’t posted in here for ages but felt it important today the following:
The directors are right in delisting in order to try to realise the proper value of the company over time. It may get taken over, but if not, over several years we should see a more sensible share price. I have checked into the possibility of trading at some stage using the JP Jenkins matched bargain facility, and am assured by Hargreaves Lansdown that this can be done.
So, I intend to wait if necessary for several years in the hope that the SP will rise to more realistic levels assuming the company is successful in selling its bandwidth.
Who knows, they still have lots of unused spectrum rights, which in time could be utilised with further satellite launches.
The poor management days are hopefully over!
Talking of the moronic, sorry not to have heard from GCCRa in the past few days. Wonder if he's sold out......?;-)
This Board does seem to attract the moronic. Just add Parsely to the long list..........
Parsley, it would help if you had even the most basic grasp of English. However, in an effort to enlighten the most terminally ignorant, let me lay it out for you again in playschool language.
As per the recent RNS, AVN's 10 largest institutional shareholders own 85% of the company.
Of those, the 5 largest own 75% of the company.
And of those, the 3 very largest own 62% of the company.
Not too difficult to get your little mind around, is it?
And thanks, but I fully understand latency. It's also not a difficult thing, but does involve understanding the fact that the speed of light cannot be surpassed. However, that type of concept is clearly way WAY above your pay grade, so I wouldn't worry if I were you.
Do have a nice day now.
would sell £10 and £16 worth of shares?
Good question- why did you? Were you in anyway encouraged by posts on here, or was it something else?
Did I buy these at £4 topped up all the way down who feels stupid now feel ur pain people
Delisting will mean that the company's shares will no longer be publicly traded on a listed stock exchange. It is logical considering the recent share price performance. It is irrational that the declines have occurred in a period where the tide has turned and the progress is being demonstrated.
If you retain your shares, it means you continue to be a shareholder in the company with the same rights as other shareholders of the company. If there was a takeover of the company, then you would get your share for the shares you hold. The two big questions are the lack of opportunities if you want to sell your shares, and whether the large shareholders do another dilution that effectively wipes out the remaining small shareholders.
I’m in the dark and have a question, anybody?
When they delist and become private do the shares I currently hold mean I have a share in the private company? Then....would I receive and dividend payments the private co decides to pay in the future? If the company was sold would my shares be worth anything to me?
Adrian, you could try voting against the delist resolution, sure.
Trouble is, as AVN has made clear in the recent RNS, their 10 largest shareholders hold 85%, their 5 largest shareholders hold 75% and their 3 largest shareholders hold 62%.
AVN has already got the 3 biggest fully onboard with their delisting plan. It's a fair bet that they'll get most if not all of the other large shareholders onboard and voting in favour of delisting too. Which makes the vote at the forthcoming General Meeting a foregone conclusion... they'll delist.
By all means hold onto your shares and vote against delist if you like - but if it goes through on 5th Sept (and it's a racing certainty that it will, as per above) that then only leaves you 12 days to offload your held AVN shares... that is, presuming you don't want to end up holding illiquid and almost entirely untradeable shares in a private company.
Entirely up to you though...
Do whatever as long as we can push back up the share price.
Surely it would be better for shareholders to vote against the resolution rather than sell now?
Dan, no I can't speak for anyone else bar myself (obviously), but actually I don't think it particularly matters *why* people comment as they do... far more important to me at least is *what* they say AND how well they justify it.
Here's some info for you. I don't hold shares in AVN - but I am involved in the alternative broadband industry (NB not within an operator) and as such know AVN, its history, its routes to markets and its competitors (within satellite and other wire-free broadband technologies) pretty well. That's why I've tended to comment here now and then.
So taking MTB's expressed opinions for example. Utterly regardless of the fact that he and I have been of like mind (that's irrelevant), he's always justified the reasoning behind his thinking. To me that then makes his opinions far more worthwhile than say the likes of GCCRa who has only ever effectively said "Incredible bargain! Set to rocket! Buy now before too late! And anyone disagreeing with me is a poopyhead!"
Matt, all noted.
Well I was a holder, so retain an interest. I only post when I think someone else has posted something misleading. If you were to look a few years back, you would see posts from me involving analysis and critical thinking (as I post on all the other stocks i post on with LSE), but given the barrage of abuse, I decided to simply respond in kind. I believe that SS's backstory is similar. I have never called the end of the Company, or even talked of fat ladies, simply my concerns that any return for shareholders was extremely challenging given the size of the debt mountain. Everthing else has been direct retorts to posts aimed at me (as this is).