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moving north atm.
I just don't understand the technicals behind that tie-up with EE. Sure Avanti (or any other satellite broadband operator) can offer backhaul connectivity to any new mast almost immediately - which of course saves the likes of EE digging in miles of cable or setting up numerous short-hop fixed wireless access relay points. But the latency unavoidably inherent in satellite broadband is still going to be there? The speed of light's the speed of light, after all....
An old article admittedly, but I think some need reminding just how many Key players in the Telecoms industry are actually coming to AVANTI..............................Shares in Avanti Communications (LSE:AVN) are heading higher today after the company announced that revenue for the quarter to the end of March was up 15% year-on-year at $19.5m on a constant currency basis. Moreover, the company also reported today that it had won some sizeable contracts during the last quarter. These new contracts included a deal to provide connectivity to 4G base stations in the UK with EE Ltd, the mobile operator recently acquired by BT. Having such a big player in the telecoms industry on board is a huge vote of confidence in Avanti and the company's management.
Interesting article but suggesting double bagger is an insult. Just look at where we were. My expectation is that these are the levels we will be heading for once refinancing has been confirmed and H4 is up there. Just need Avanti then to SELL SELL SELL ! If you note the number of Sales jobs/key appointments they are at last gearing up to do just that.
yes u might be wrong!
http://www.iii.co.uk/articles/483571/could-penny-share-be-double-bagger
I might be wrong but I think the size of trades is starting to get bigger and the price is steadily very slowly creeping up.
The current fixation with the conversion of debt to equity is a sideshow to the main event. The Board need to deliver hundreds of millions of additional turnover within the next 24 months.
Whatever the official share price buys were coming in at 9p yesterday morning and the last one this morning was 10p . As you say it is getting very interesting. Whatever SS says I am glad I bought when I did. :))
I should add that they mention 19 Feb and 20 March. The gap is probably to give dissenters a chance to try and overturn it but with 98.09 consent they stand little chance.
Scotty, I think it's procedural and is anyway after the launch. These things tend to be agreed beforehand (see 8 Feb RNS) and go to the court for the rubber stamp.
yesterday. Is this because the remaining secured note holders are not responding to the debt for equity swap proposal. I am trying to get my head around the impact of all this. Obviously there is massive dilution of the share issue but the net affect is neutral because a large portion of the debt neutralised. This in theory reduces large amounts of money going out on debt repayment and interest. thus allowing the business to pay down the remaining debt and build more business and contracts. Very difficult to judge if this is the end or a good chance of a new beginning. ??
As we draw closer to the launch the price remains stubbornly around 9p. There is no cheer leading on the bb's or a share tipper choosing Avanti as the stock for 2018. Influential share holdings are held by a few large holders and 53.10 per cent are classified as not being in public hands. The spread makes it untradeable for those who like to play and I wonder if this is intentional. The bond holders have been forced down this route and have little sympathy for existing shareholders. The only benefit to the small PI is that it means our interests are aligned with theirs. I don't see these people intentionally wanting to pour money down the drain and they have chosen to launch the satellite. They cannot trade themselves because being members of the board they have 'insider' advantage. It is not about us but what is inside the minds and interests of the directors and the large shareholders. At the current price to get a decent amount of shares would be near impossible and would drive the price sky high. For what purpose? You could not get a meaningful percentage. The Avanti web page says there are 162 mio shares and deducting the locked in shares you get 75 mio shares. Lets say 50 mio of them would sell now. With the 2 bio additional shares coming our way a new investor would end up with 2.3 per cent. Certainly not worth the effort. We have been collateral for some time but it is now beginning to get very interesting.
Agreed SS although as pointed out by another poster here we are unlikely to see those contracts confirmed until after successful launch. But when we do you can forget single digit share price numbers !
As launch date starts to approach the old sp should get moving north. Plus should start to see more contracts rolling in. First stop 25p.
Charity begins at home and in my case means not investing in a dog.
That's good news. I doubt that Avanti can really announce more major contracts until after the launch as they no doubt all have written in them "subject to a successful launch". Interesting article in the Sunday Time about South Africa. 50 per cent youth unemployment and poor education. One of the problems (it said) was that even if the students can get hold of a computer, internet access is not guaranteed. This is in South Africa which is one of the leading economies of Africa. There will be a reaction against the major charities throughout Africa following the 'colonial attitudes' of some of their senior management and the money could be better spent on providing the countries with the tools to be self-sufficient. We know that communication is paramount and young Africans are no different to our kids. A successful launch on the 16 March followed by a period of bedding in and we should know if the company has a future. Be Lucky
Avanti Communications Group plc (“Avanti”), a leading provider of satellite data communications services in Europe, the Middle East and Africa (“EMEA”), announces its HYLAS 4 satellite has arrived safely in French Guiana ahead of its March 2018 launch.
southstreet still here good man, you have been posting for about a year on how dead avn is maybe this year, "hay" do you have a charity that you donate to?
$500,000 over how many years ? Not what I would call a "major contract " or warrant an RNS. And just for the record I am a long term holder who has topped up and wants to see genuine major contracts that will increase the share price.
Another endorsement of AVANTI's long term viability. There is absolutely no way any Government organisation of this importance would place it's future in our hands without carrying out a thorough due diligence analysis. Clearly what they will have found confirms our long term prospects. Well done AVANTI ! But come on folks, surely this warrants an RNS ??
The phrase " rearranging the deckchairs on the Titanic" springs to mind. But i dont want to upset all those hopeful (read deluded ) bulls out there.
this one is stuck in the bottom of a disused office draw, an avn is just quietly chipping away doing there business. and then one day some will notice that this dead beat up company has halved its debt and confidence has returned,when a company is in debt and only has the shirt of its back to sell then i would worry. but avn has a lot to sell and a lot of high value contracts to be won
Still at 8p. What is going on?