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it’s a bucket of dog turd. Why buy more?!?!!!?!!?!!!!!!!!
Yes romaron the viasat contract is encouraging, quite small I thought but could be a token contract when you consider viasat is in dire need for an orbital slot.
Yes MTB you could well be correct on that one young man, not been on the ball with this one as I give the New CEO and BOD a chance to turn the company around whilst you lot keep living in the past. GL
It looks like Eutelsat did a quick reverse and are no longer interested. What is interesting is that Echostar bought some of the convertible to give some protection against another bid https://www.investegate.co.uk/echostar-corporation/rns/form-8--opd--inmarsat-plc/201806261105226098S/
All above my head but it does indicate that there is always more than one way to skin a cat. I wouldn't be surprised if a company interested in Avanti wouldn't make a call to Solus and other reluctant equity holders. The public quote for Avanti and the risible amounts being traded make the price meaningless imo.
The Viasat contract is encouraging.
Yes, do try and keep up tyche , old chap. The 11% drop in the ISAT price this morning should have given you a strong steer........
A contract win. Surely they would only be signing at this stage if they had assurance that the debt is sorted! Next few days gong to be very interesting especially if more RNS news of contracts issued.
We absolutely are not!
Either I’ve imagined AVN share price has crapped its pants for the last three years or I’m a deluded shareholder.....
Were NOT!
More or less doesn't matter. As long as we are going up.....
...and yet he still knows more than you!! ;-)
iknowverylittle - well at least you got your name right !
Well, this is good, a 10mil$ contract over 2-years. After google it a bit, it seems that this comes shortly after a failed deal Viasat - Eutelsat for a new join-venture satellite. Hopefully this gives AVN some wind in the right direction.
It seems that the news flow is starting to turn slightly positive, a new contract today and news last week of a Memo of Understanding. On the other hand we still have the issue of funding in the short term, but any good news is always welcome IMHO. GLA
I don’t know if this was posted on here. It is from a few days ago :-
https://globenewswire.com/news-release/2018/06/19/1526445/0/en/NuRAN-Wireless-and-Avanti-Communications-Sign-Partnership-Agreement.html
If you look at the Inmarsat site they have had 21 RNS today and counting. Obviously all to do with the Echostar approach but unlikely that Avanti won't feel the ripples. In fact the AVN RNS's started at the same time the news was released. Now I would describe that as a causal link ! Either I've been spending too long on bulletin boards or reading GCCR posts has finally got to me. ISAT was talking to AVN and that in itself is not unusual. However, we do own spectrum and have a latest satellite in space. I realise that owning spectrum in Africa is a bit like the measurement of oil STOIIP which sounds great but mainly stays in the ground because it is not commercial to produce (Gatwick Gusher). What is worrying is that it seems the AVN people are in the dark. The good news is that maybe it's serendipity at play which even Avanti Directors cannot mess up. It must be mighty frustrating to a hedge fund to look at AVN and realise they cannot play as there is no liquidity. They could be finding other ways to get a foothold? Romaron - still in the mushroom Club.
I have been saying for some time that a wet finger in the air might produce a more accurate price. That may sound glib but I was involved in trading FX and it was an occasional ploy to leave the wrong price alone in the market. You'd be amazed at how many people would use it as a crutch when quoting an illiquid period or in a thin market. Why touch a $10mio dollar price when you had Goldman wanting minimums of $100mio? I'm not saying this is the case here or even that there is anything going on. The market in Avanti died some months ago so perhaps I'm verging on bb paranoia but there are areas I'm unclear on. The company is in the bunkers and on 13th June were even unaware of the 6 RNS's issued at that time. This is unforgivable in one sense as it is sloppy and there is a cost per RNS. IIn mitigation it may be of course that the mp is of little consequence at this time and anyway, the company has little control over it. It may be just a regulatory glitch and unimportant in the scheme of things. For the conspiracists maybe somebody can translate this. Remember these are midday auctions not the usual fat finger, price affecting news or leak reaction that occur at odd times; or first and last auctions at opening and closing. I am awaiting some clarity but not holding my breath to an email I sent some days ago. " London Stock Exchange announces the introduction of the new scheduled daily SETS Intra-day auction for equities on Monday 21 March 2016. The new Intra-day auction is a Midday price forming auction mechanism for trading larger sized orders. Participants will benefit from: · Opportunity to take part in a price forming liquidity event, timed to coincide with the traditional low point in daily volatility, and exempt from the MiFID II double volume caps in dark trading · Only Level 1, top of book data, visible during auction, limiting market impact of larger sized block orders · Provision of mid-day price formation for products and portfolio benchmarking, removing the need to use last or mid-price ===== I am confused. The exemption from MiFID suggests a certain opaqueacy and although it is level 1 pricing do they have to record the trades done at this time? The amounts traded have been tiny for months and I thought that illiquidity was the cause of these RNS's or could it be a vehicle to get larger amounts traded? They say that this Midday auction is to facilitate trading larger sized orders. Very often an RNS is a CYA response from Directors and officials who like being Directors and don't wish to breach Governance rules. They may be automatically generated but bearing in mind the fragile finances of Avanti this might indicate sharper operators are building or reducing stakes. Something isn't right?
WO you may well be right. Given the impending liabilities and attendant funding requirements, I'm expecting a great deal more clarity on things by end July latest. I still wonder, despite the lack of volume traded but given the speeding tickets, whether some few have got hold of what might be around the corner within 5 or so weeks' time? I guess we'll just have to wait and see...
it could be something brewing or it could be a combination of large spreads and low volumes. I’m noting the volumes are still low so no big seller in the background as far as I can see. But hey what do I know?
Quite an acheivement to have 6 double speeding tickets within 13 days... wonder what's occurring? I expect more as the end of June approaches, because I reckon something's brewing behind the scenes that some have got wind of...
Romaron Obviously everything isn’t hunky dory And I would agree with you on the Rns But it goes both ways selling and buying Hopefully we’ll see soon romaron From my research I’m sticking on this one Best regards.
Hi buko, if it's all so hunky-dory then why have we had 6 price monitoring extensions in the last 3 trading days which have to be RNS'd. It's hardly normal? I have never trusted the reporting of trades but pay attention when companies issue RNS's. They are not an indication that it's all tickety-boo.