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Lol looks like I've stuck a nerve here MattTheFool. I don't stalk peoples investment portfolios but your incessant need to post on these types of forums about all your stocks tells me all I need to know. Let's leave it as this - continue your 'diversified' investing on stock discussed on a amateur chat forum and I'll continue with my global portfolio. Good day.
blah blah. You don't have a diversified portfolio (or you'd post on more stocks), and the stocks you have been active in have all cratered. If you look at the stocks I've posted on, the story is the opposite of yours - genuine diversity and more winners than losers. Be honest with us and yourself and stop speculating your children's inheritance away.
Good research there.. sounds a bit stalker like MattThefool. It seems you may be a bit obsessed with me. So just to give you a bit more to feed on - Asos post pandemic low hit high 50s - I've taken my cost basis out plus a bit more and will let the rest run. Lloyds bank - always useful to have a banking stock and an average cost basis of high 30s suits me fine. Premier oil - again post pandemic low entry and exited fully out of this position. As you may or may not have established these stocks are speculative and risky but form part of a diversified portfolio. I spend time discussing them on this forum as they are as I said speculative so doing some due diligence is sensible. Avanti remains one I've stayed and not ashamed to admit sometimes investing you don't win them all. But fortunately if you invest smartly you take risk on these highly risky stocks with a very small percentage of your funds. What strikes me is that clearly this forum isn't the best place to get proper insight especially with fools like you hanging around a forum you supposedly have no interest in. Strikes me that maybe, although I won't be stalker you that your losses are so great you get some sick pleasure of others losses.
'Still going strong' eh Tyche? Well I'm sure all the other previously minority shareholders who lost all their money will be delighted to hear that.! What a guy lol!
Hi Dan, Yes Avanti still going stong. I know people who work there they are very busy. I see Matt is still massaging his EGO. What a guy lol
I don't feel as bad after seeing the 40 page shareholder listing filed at Companies House for the issued share capital of 2,163,335,585 shares.
They have still not filed the overdue accounts.
The website still says that they are wonderful :-)
A large diversified portfolio eh Kpatel? Let's see what your posting history says about that shall we? Mmm, that's odd - amongst your paltry 65 posts, 90% of them seem too be on AVN. Still, there are a couple of other names there - this will be where you'll have made the money back for sure, right? Asos - oh, it's gone nowhere for 5 years and halved since the summer. What about Premier Oil then? No wait, it's been an absolute disaster, down 90% since 2018, and has even tried to recover by changing its name! Other one is Lloyds - well you certainly haven't made a fortune in that one (I know as I hold this one as well :-0). So where is this great diversified portfolio of which you speak? I'm beginning to wonder if you're telling us a little fib KP....:-)
Now, from my postings, you will see that I indeed do have a diversified portfolio, and of the 35 or so stocks I post on, I hold 32, so I'm afraid this completely negates your arguments about my posting habits, which you could have easily checked out before posting.
And as for your last comment, I have indeed learnt something - the number of clueless investors who risk their children's inheritance in tin pot shares is large, and it appears, sadly, to be growing (yet still they do not learn form their mistakes).
I wonder if the value of Avanti is affected by yesterday's acquisition of Inmarsat by Viasat.
Let's hope for further consolidation in the sector and the possibility of some respite for long suffering shareholders in Avanti.
Lol, please don't make me laugh. Learn from you? Someone who hangs around boards he supposedly has not active investment interest in. Bad smell. Let me spell it out for you - my portfolio is well balanced with a few speculative stocks, Avanti was on of them. Being speculative means a very small portion of my portfolio is allocated to them. To make that even more clear to you just in case you're struggling Matt, if one of them performs badly my overall portfolio isn't significantly affected. That's how you invest in speculative stocks. Thanks. Hope you've learnt.
Hi has anyone actually managed to sell any of their shares since this fiasco took place?
I have a few sitting in an Isa but checking out JP jenkins no one is trading them at all. Is there a likelyhood they will even even reach anything like 5-10p per share ever again?
Petere - you're right on AVN - the point is that investors here need to learn by the experience and not make it elsewhere. One of the reasons I got out was learnings from other holdings that went wrong. Dan is clearly an investor who has learned from the AVN experience and will be a better investor for it. KPatel, tyche and many others here, sadly, have learned nothing it seems. :-(
They finally filed one of the overdue items at Companies House. Things will be easier to understand if they file their overdue accounts.
As directors, they have failed miserably in their duties and responsibilities. It is not fashion where tastes have changed, and they look to have strung people all along.
Well if we have been burned there is not a lot of mileage in selling at this price. My take is stay in for the takeover which could come ? Maybe. Look at it this way we are still above ground !
Boards like this need people who are not holders. Every holder is positive by definition, and hence if you only have holders posting, you'll simply have one view with everyone just bolstering each others' biases - exactly what you had on this Board. Folks with a different view were then castigated. Group think is a great way to lose money, but some people never learn.
Not got the strength to communicate with you any further, you just don't get it. Enjoy hanging around a board you supposedly have no interest in.
Like I said before, none of us have a financial interest here anymore, so by your own definition, you are also a moron then? You can't have it both ways - was I someone who has 'been burnt' (and hence DID HAVE a financial interest) or someone with no interest - can't be both.
Anyway, clearly you never heeded my advice before, so you're unlikely to start now, but might I suggest you read DanSteely's post below because he get's it, and he was in the more positive camp previously.
MTB - the only moron here is the one that keeps coming back to a board to comment on a company he apparently has no financial interest in. Sad.
I stayed in because I allow my portfolio room to purchase shares of speculative stocks like this one. But don't worry the odd £500 I chucked at it won't keep me up at night. Thanks for trying to explain things to me but clearly you have been burnt in the past and hanging around to take pleasure on others loss. Not me though as my portfolio is doing just fine with Avanti or without. Maybe get out a bit more especially now the restrictions have eased. Good day.
There is no need for unpleasantness and rude comments.
MTB was correct with the warnings as hindsight has proven. Investment tick, Business development tick, Growth opportunities tick, Unsustainable debt BIG TICK.
Perhaps, some of us could have done better to listen and to heed the warnings. We all live and learn, sometimes.
The company (and group) is definitely in a mess because all accounts filings at Companies House show an OVERDUE status. It could be disagreements about Going Concern doubts preventing accounts being signed off. Not long to go fully bust, I am afraid.
Kpatel - don't you get it pea brain - no PIs have a financial interest in this company any more. Zero, Zilch, nada for one and all, so I guess we're actually in the same boat now, right? (obviously I didn't actually lose any money though :-)) Next lesson - It's not that investors won't see a return - it's actually that they lost their principal AND saw no return. Thirdly, if you'd listened to me, you would have saved some money, because guess what - Doesn't matter whether you lost your money because the company went bust, or because the equity went to zero when the bondholders came in - both mean you get zero. And you know what - that's exactly what I said would happen - there were others who said it would actually go bankrupt, but not me. The assets had vale, but the debt was too high, and it's always the equity holders who pay.
So, I told people to get out, and I told them why. You stayed in - who's the moron again?
:-)
MattTheBrave - you're a clown. For someone that has no interest financially in a company to have time to post on forums like this is a little bit concerning.
Anyhow, quite clearly you've been wrong consistently as the company is not bust, shareholders may never see a return but at least they have more to their lives then to have spare time posting about a company they have no financial interest in.
You moron.
Thanks Tyche. However, I believe you might have confused me with others who were posting. Whilst I thought there was a serious risk of insolvency, my argument was always that there would be nothing for shareholders, which after all is what this BB is about, no. Who cares whether the Company survives if you're holding goes to zero?! As you have now admitted that there will be no return on the investment, you have come round to my way of thinking. I would say better later than never, but in reality, you, and other posters continued to disagree with me right down to zero, so unfortunately being late wasn't any better than never changing you mind (as you have done). Oh, well.
Kpatel - Nice to that you are still living in your fluffy world of of self-delusion, but it might be time to wake up now....;-)
Hi Tyche,
Thank you for your message.
As you say the company is not bust and is progressing and growing. I hold shares here so what would your advice be on what to do with them? I mean they are worth very little now and I hope if the company continues to grow and land project there nah be hope for a recovery for shareholders. How do you see this and why have the shareholders loss? Surely holding on for long term and potential relist if finances are somehow back to acceptable standing could turn things around?
Hi MTB, took you off the filter to see what your post was. It's very nice of you to admit you were 100% wrong. Avanti is not bust as you stated many times. Bad that us shareholders have lost but great to see a British company growing and progressing, seems they are doing well with the backhaul in Africa as was always the plan but competition will be strong from the LEO operators soon, personally I don't see the LEO doing that great overtime but as you well know I called Avanti wrong years ago, should have sold at £7 when DW sold. Good luck to you.
At last tyche - we agree on something!! Glad you finally came round to my way of thinking....:-)
Hi Kpatel, I think as a shareholder you should not be expecting any kind of return on your investment. My view is the company will survive but as a shareholder its game over. They have until Jan to prove they can land more big projects otherwise its game over.