According to short tracker AVN is at its lowest level of shorts in nearly 2 years. http://shorttracker.co.uk/company/GB00B1VCNQ84/all Hopefully a springboard at these low levels?
The long term
Jeffoto, agree with you I think the two key points are confidence and stability. Confidence relies on filling up the capacity we have in the sky and future sats at a faster rate then we currently are and stability comes by getting on the main market! I feel the current sp is great value and I am topping as much as I can, I belive we should be around the 300 / 325 mark but I am no expert! If your projections below are correct we could easily £12+ fingers crossed.
The long term
Me too, in for the long term. My question is, how long IS the long term? Assuming Hylas. 3 starts its service in early 2016, and Hylas 4, ( with far more capacity), a year later, I see this as medium term. Then we have to factor in how long it takes for all four satellites to sell out their space. I am also assuming that by 2017, Artemis will have come to the end of its life. I am guessing that we will be looking at a share price of between £5 and £8 by the end of 2017, though I am assuming that both Hylas 3 and 4 will still have space to sell, whereas 1 and 2 should have been filled. Assuming no problems, there may well be announcement of the development of at least one further satellite. So for me, the Long Term, goes beyond 2018- 2020, when I would hope AVN would have been listed on the main market, and the SP beyond £10. Purely hypothetical, of course. What do people think?
It will be interesting to see whether the upward momentum continues ahead of the update next week after weeks of drift downwards. An update on the Facebook talks would help! In it for the long term though so have given up being concerned about daily movements
RE: Analysts Rating
Oooooooooooooooooooooooooh! £4.10p That sounds good to me. Looks like the sp got a kick out of it as well.
Cantor Fitzgerald reiterated its "Buy" rating for AVN today with a target price unchanged of £4.10
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