company finally got it right ,so much potential ,happy to be buying in at this stage .got it wrong many times on this aim market over the last 3 years like everyone else ,comfortable buying here avanti the future look around you everyone on the phones on the net looking for information africa will follow gla
When you look at all the detail of the first half results the second half should give a much more positive picture with funds flowing in starting to increase. This why the likes of Moodys gave AVN the thumbs up,
Liquidity: management have gone to some length to qualify its solid liquidity position disclosing that: 1. It has untapped credit equal or $71m across "multiple facilities" (we'd expect this to be a mix of vendor financing, finance leases, unused revolve etc); 2. The low point of its business plan should still see it have $90m of cash headroom by FY18 year-end (including the $71m of untapped credit); 3. EBITDA improved in 2Q16 and should turn positive in 2H16 on the back of the aforementioned revenue pick-up and flat costs; and 4. With the passage of time, visibility into capex phasing is now being guided to be $100-110m in FY16 (JEFe, $125m) and $70m in FY17 (JEFe $115m), offering further headroom. Avanti ended 1H16 with $162.6m of cash on the balance sheet.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.