Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
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Tyche - possibly the worst case of sour grapes I've ever seen. Sure you understand the industry, but you don't understand Company balance sheets and the effects of leverage. You were repeatedly told by me and others that the debt would eat the equity holders for braekfast, but you sought to argue with HITS over insignificant tecnicalities.
Buko - 'Played by Mattthebrave'? I think you'll find that people on this board were 'played' by the constant bulls. All I ever said was beware, which turned out to be very sound advice. Shame you didn't take it, eh?
Saga charge £11.95
Quoting the frequent trader rate in such an article is wrong.
Jarvis charge £5.95 on their X-O accounts.
I cannot find out who is free to deposit share certificates with, except AJ Bell, but I saw one quote that it it is usually free at good brokers - pretty useless statement unless you are good at bartering.
I dumped ii because of their horrible maintenance charges. Inherited them when they took over TDW!
Wanted the ability to access ASX, TDW were the best, IG is now, imho.
I am not saying use Saga (I don't) but they have a few suggestions here .....
If you hold the actual share certificate , but want to use JP Jenkins matching facility , do i need put shares back into nominee account / Broker ? i use ii.investor normally .
Time to sleep but if a security has been held before a qualifying date and does not have to be repaid within 5 years it can still qualify for trades isa even if it is no longer on a recognised exchange. My ISA might fulfill that criteria but I think it is mid 2012?
My trading account has a buy in sept 2012 - but cannot remember if my ISA start point was earlier. Will look later!
Found my spreadsheet - nope March 2014 when the price paid was £2.89
Taken me ages to find my way back into JPJ cuuernt share price - yer tis
I have signed up and it works - if it fails use the earlier link and sign up!
No passwords , just your email address I think! You cannot repeat that method - you'll get "in use" error!
And I cannot find a login in or sign in option.
Jarvis sent me two letters - identical but for the account numbers. So my ISA is still intact with their authority.
Two posters look to have been forced to sell -plus Buko I assume - any others?
You can’t hold shares in your isa account
You should have been told to transfer or hopefully your broker would have automatically transferred into your trading account ..
I think so HITS, Jenkins appear to hold no shares and just act like a dating agency.
They must be responsible for keeping the register of who owns what, to confirm brokers etc have the numbers they claim to have on account.
I am pleased I stayed put , Jenkins look good - providing the guide price and not charging investors or brokers for matches.
Got United on TV after appalling continental crowd noise at other games which was irrelevant to play!
Can't believe the rubbish coming from Old Trafford as well - "you are my sunshine" and other songs which have nought to do with play either! I prefer the crowds whistling when the visitors have possession., mindless but not brainless.
So basically, Parsley was plain wrong. Hey, at least he's consistent...
Site looks familiar now - last time Avanti had not been added!
0.12p indicative price only £22.988p to go.
How It Works
Buying or selling shares using our platform is a quick and simple process.
All you need is a stockbroker who holds your shares.
Unlike our competitors, we offer a matched bargain facility for trading your shares i.e we match a willing buyer with a willing seller. The advantages of a matched bargain versus auction are the following:
We can trade with a wide range of stockbrokers and banks, therefore you can use your existing stockbroker
No cost for stockbrokers to trade via JPJ, so therefore no added cost to the company or the investor
Real time price and volumes shown on the JPJ website
Trades can be effected immediately if buy and sell order limits match compared to waiting for an auction.
If orders almost match we can try and negotiate between the brokers to achieve a deal.
Just checked my account and I have the similar amounts of cash invested on AVN in my nominee and ISA accounts.
However my ISA count is 10 times the number of shares in my nominee!
As far as x-o are concerned they are being treated the same afaics.
Thanks guys, it was the post that said a broker had SOLD his shares that has made me quizzical.
I am fairly sure that poster now has zero shares with his broker - unless he did not have his reading glasses on!
He may have seen price and value both zero and missed the fact his shares were all present and correct?
Does not explain why he thought they were sold unless the value made him think that.
If HITS post is accurate, I guess my broker's deals with JP Jenkins will be treated as normal buys and sells at their usual commission rate? Sounds ok from both their and my point of view. I have just lost a bit of control over AVN deals. e.g. Dummy buys or sells are a thing of the past.
If my understanding is right, it sounds better than being on AIM.
Day trading looks like a pain in the butt so we might end up with genuine investors and a bit of stability.
Cannot see what is in it for JPJ though - so there must be additional fees via our brokers for these deals?
I won't find out until the sp reaches the £23 promised by the pundits pre Hylas #1 :O)
I hope JPJ do get in touch even if it is only to inform us how to view whatever price guide they use.
They might be £23 already for all I know :O)
Well I am correct, not interested in your comments, same as your ineptitude about Latency.
Parsley, I'm not at all sure you're correct re non-ISA held shares automatically being "transferred" to J P Jenkins. I think the onus is on the shareholder to get his intent to buy or sell registered. And if a shareeholder simply wants to hang onto his holdings for the moment, then nothing needs doing.
This from the AVN 5th Sep RNS seems to make things crystal clear:-
"With effect from Cancellation, the Company will implement the Matched Bargain Facility provided by J P Jenkins to assist Shareholders to trade in the Ordinary Shares. Under the Matched Bargain Facility, Shareholders or persons wishing to acquire or dispose of Ordinary Shares will be able to leave an indication with J P Jenkins, through their stockbroker (J P Jenkins is unable to deal directly with members of the public), of the number of Ordinary Shares that they are prepared to buy or sell at an agreed price.
In the event that J P Jenkins is able to match that order with an opposite sell or buy instruction, they would contact both parties and then effect the bargain. With effect from Cancellation, further details on the Matched Bargain Facility will be made available to Shareholders on the Company's website at https://investor.avantiplc.com/ and directly by letter or e-mail (where appropriate)."
Did you hold in an ISA ? If not then don't worry. Can't explain why your broker website has deleted trading history in either case, but your shares will be transferred to JP in due course.
To answer you specific question, I havent heard from JP either, and didnt expect to. There'll be a mountain of paperwork to get all these transferred from numerous brokers.
Brad, not that I've been involved with a matched bargain facility before but...
I believe that the onus is on you, but not until you want to sell or buy shares.
If you want to sell, you'd have to get your existing broker to contact J P Jenkins and say "I am holding x shares on behalf of a private investor who would like to register his wish to sell them for a price not lower than y. Do you have any buy orders registered that could be matched up with this? If not, please keep this wish to sell on file." Very similar with anyone looking to purchase, but again it'd have to be conducted via a stockbroker, because J P Jenkins will not deal directly with private investors.
It's all in the 5th Sept RNS...
My X-O shares in AVN are still showing but with a SP of 0 and the Epic AVN.L shows as non-existent for research or trading.
All as expected.
What has surprised me is my transaction history is blank for AVN since my last trade - I'd expected a SELL or a TRANSFER OUT to Jenkins, and something from Jenkins to say they'd received them.
Has anybody had any correspondence from JPJ?
Buko, fair enough, but to continually quote AVN's final market cap is pretty much of zero relevance.
The question would be much better put thus:-
Even taking into account the value of current assets, what's a company with over $600 million of liabilities and that's losing around a further $70 million every six months (both figures according to the last HY report) worth?
correction on the amount
It was over 1 million shares
S/s brought not buying and hits yes I realised the facts you posted below but after doing more research and the future for the company going forward I believe it to be worth more than the markets 2million quoted price at the end off play on aim ...
Buko - Have lost your mind? You're still buying ?
I'll wish you every success with your brave last minute punt, but there are a few teeny matters that you've failed to factor in within your stated calculations.
1. That historical big buy at 14.5p? Since that time, AVN has issued at least 12 times the number of shares then in issue (to give to the bondholders in exchange for roughly half the billion dollar debt that the latter were then holding in the D4E swap).
2. There's at least 500 million dollars of bond-based debt remaining - and the bondholders holding that debt take pre-eminence over mere shareholders when it comes to any claim on asset value.
3. The overall AVN debt currently continues to rise every six months (by almost 70 million dollars in the final half year report, once operating loss, d&a and most importantly, interest have been added together)....
As I said, best of luck, but IMV, you've bought into a house while failing to realise that 90% of it is owned by the mortgage company and which costs a fortune to run every year.
Pounds brought me 100,000 yesterday actually it was £1,234
In four slots from @.12/.10 with charges
For a company that has delisted from the main market and is now private Avn according to the main market was valued at 2 million those that got played by matt the brave / south street and a few others
I can only hope listening to the nay slayers
In a situation like this will only be a kick in the teeth and make you think in the future
2 million for a company with five satellites
Four orbital slots on delisting
The majority share holder last brought @
14.50p for 1.2 million shares I believe
Even if they do a 1000/1 share issue I’m still £20 up on my investment
Think about what happened it went of AIM for 2 million pounds ok it’s not going to be easy and yes it’s going to get diluted
But if you sold for nothing then the posters who shot AVN down and your research have sold you out
NOT the company or BOD
To the holders who brought in which accounted for over 100 million well done and good luck yes of course any share holder needs both and for me belief in AVNS future..
Been in since 2014 and made a 40% profit in the first month, thought this was easy money! Sold out a few times but bought back in on the good old fashioned takeover rumours,,,,
No surprise ive lost all my money invested in here which is a small fortune to me but so glad i followed the golden rule of only investing what u an afford.
A big pity for everyone its ended like this but thats the nature of the beast.
Reading this board on my breaks at work has been a joy,sometimes! Ha
Wish everyone the best of luck and remember, never lose your sense of humour!
The reason AVN has not been bought is because its not for sale and never has been, the period where it stated it was for sale it was not this was a stock market requirement due to funding and cash flow issues. The very fundamentals of the AIM market is to raise capital for start ups, most will fail, AVN got a world class network and some debt, the PI's got shafted, They have raised all of the cash they need so no more need to be listed, It really is that simple, and according to the RNS they have a different valuation of the company compared to the AIM market. Had they have focused on filling H1 & 2 before expanding it could have been different, however price in MHZ was probably too high and throw in some economical turmoil such as the EU crash at that time the old BOD probably realized this. A kick in the teeth for PI's, I suspect all of the negativity surrounding the company has pushed the new BOD into this decision or was at least a factor. I am employed by a world wide prime contractor associated with AVN so to be honest its been quite laughable reading some of our 'Industry experts' who post here who are in reality utterly clueless about AVN, It's well known AVN's future will be decided over the pond, that could be takeover (Viasat) or important military/government contracts, they tried to conquer the residential market it didn't work and now they target operators. I've lost a small fortune on AIM stocks including Avanti but I hold no grudge and wish the company success going forward. I won't miss some posters here such as Southstreet who was proved wrong yet again, no fat lady the company survives, that weird bloke Matt (filtered), and HITS...well I guess I will have to put up with him a bit longer as he posts on an oil share which i'm invested in. Sorry for The LTH's here who lost and good luck for the future.