Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Can someone summarize these RNS's for us please? :)
Jeeeez MTB, you must be paid a lot of money to keep up this trolling pressure - and so many of you too !
Steady rise - had to chuckle at that one GCC - Two things this stock can never be accused of - being steady, or rising. What a terribly delusional chap you are. Thank heavens you have your sharp intelligence and delightful personality to fall back on.....;-)
GCCRa what steady rise are you referring to my friend ? Im seen a steady dump from £7 to 9.5p. What have a missed today ?
That is always a possibility. we all have a stake in here so my fingers crossed.
Agreed SS. When the jump comes, it will be sudden. By the way, have you noticed the Trolls are out in force this morning. Obviously not liking this steady rise !
I agree with POWER. and Matt the brave. Anyone still holding on to these shares need their head examined. It's a classic case from the investing world called inertia otherwise known as rabbit caught in the headlights.
MTB, It is all true what you have said. The fact is our current revenue is no where near to covering our debt. On the other hand, we may live in hope. Imo, unless some big news happens soon, we are in serious trouble.
Well thanks for your suggestion, but clearly unlike you, I understand how company capital structures work. The stock price has gone from £7 to less than 10p (mkt cap now £16m) in 5 years, whilst the debt has ballooned to more than half a billion pounds! The revenue growth has systematically been behind the Company's forecasts, whilst the Firm has yet to make enough ebitda to actually pay all of the interest bill, let alone start paying down any of the principal. As a result the Company has already had to restructure the debt mountain a couple of times, Meanwhile, there appears to be serious problems in the manufacture of one of its new satellites, whilst the launch dates are a moving feast (though only in one direction). There's nothing wrong with the assets per se, but it is extremely questionable whether they can support the current level of debt, (and recent contracts are literally a drop in the ocean). If they don't, the debt holders will gain control of the assets , and the equity holders will get nothing - the stock price doesn't lie, and this is now a penny stock. This Company is the perfect example of a 'knife edge' situation, and if you can't see that, you really shouldn't be putting your children's inheritance at risk.
On a knife edge?! The Company is a leading provider of satellite data communications services in 118 countries across Europe, the Middle East and Africa, has just been granted a loan facility of $100m at a lower rate of interest than its previous $50m loan and HYLAS 4 is close to launch. Suggest you take a look at their website to do some more research........
Closetrader - what's your point? So the Company has institutional shareholders - so what? So does every quoted Company which goes belly up.
And its not just Directors that have a hand in the game.....On 31 March 2017 Avanti had 162,135,949 shares in issue. Key investors were: M&G Investment Management (16.9%), Solus Alternative Asset Management (15.8%), MAST Capital Management (13.8%), Hargreaves Lansdown (5.0%), Caledonia Investments (3.8%), Capital Group (3.0%), TD ********** (2.7)%, Bank of America Merrill Lynch Int’l as principal (2.7%), Barclays Stockbrokers (2.5%) and HSDL Stockbrokers (1.9%). Directors and employees held 6.4% of the shares in issue. Including shares held by directors, employees and institutions accounting for more than 10% of the shares in issue, 52.9% of shares were classified as not being in public hands.
Yes I see the purchases in the range you say, which to me says it all. £5 down to 90p, that's not a trendline that I like to see, albeit the bottom of that range is still 9 times higher than we are currently at. I still maintain that the most significant directorial activity were the sales at £7 + following the successful launch. I continue to hold in hope much more than expectation.
I see volume picking up here lately. I have been doing well trading this on the recent lows and highs. Looks like this could start to pick up over coming months towards next launch date which has always given sp a lift along with more contracts coming through. The 25 Million over a two month period was promising so just need to see that continue and might see this back at the £1 level in the blink of an eye. Still happy to hold and trade some along the way as I do like to be proactive in this game. GLA
So the management heave basically lost more than 95% of their own money investing in this stock - very comforting!! this means that compared to their overall wealth (built up from the 'huge' salaries referred to by GCCRa), their holding in AVN stock is probably now quite small, so I wouldn't attach too much weight to the argument that they have a huge amount to gain here. I do think it speaks volumes that they have not been prepared to buy below 90p though. After all, who knows better than them how much on a knife edge this company is?
Indeed it does close-trader. One of the features of this company that are are all heavily invested in it's future so they all have a personal incentive to make it work.
tracker2009 - have you checked the prices at which the Directors bought shares between 2011 and 2016?.......they all bought when the share price was between £5.00 (yes £5.00) and £0.90....shows a deal of confidence in the Company,
I wonder if there will be a celebration tomorrow, it is the first anniversary of the last time Williams or indeed any of the board had the confidence to purchase any shares in the company that they manage "on our behalf".
Matt, logically you are correct but from my experience of both attending and chairing AGM's most shareholders are too scared to put their head above the parapet with anything contentious for fear of negative repercussions. As far as voting with my feet is concerned, being 86% down walking away would only hurt me. PS My original post was not to criticize DW's salary, although he could buy a few shares with some of it, it was to show the paltriness of the contract in terms of the spend.
Typo corrected..... Now you've touched on an issue that DOES bug me about this and every AIM. Why, oh why are the fat cat directors NOT rewarded in proportion to results ? I don't doubt Williams is doing his bit but at most managerial levels remuneration is based on 3 levels - Company performance, Divisional performance (Say sales division), and Personal Contribution. A simple formula. So why are nearly all AIM Directors rewarded huge salaries regardless ???
...because the shareholders sign off on it at the AGM. If you don't like it, you should vote with your shares, or vote with your feet.
Now you've touched on an issue that DOES bug me about this and every AIM. Why, oh why are the fat cat directors rewarded in proportion to results ? I don't doubt Williams is doing his bit but at most managerial levels remuneration is based on 3 levels - Company performance, Divisional performance (Say sales division), and Personal Contribution. A simple formula. So why are nearly all AIM Directors rewarded huge salaries regardless ???
...if you divide the E8.3M by 16 partners and 2.5 years it covers about 20% of Mr Williams salary. :-)
It's as flat as a pancake. Maybe Mr Market hasn't got to the office yet ;-)