Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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 ?
Erm buko...
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.
£1000
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..
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.
That's possibly true, Parsley. But the reason that no bigger fish has decided to swallow AVN up to this point (and the big and ugly fish have been watching closely, you may rest assured) is that no major operator has even started to want to buy AVN lock stock and barrel as a going concern. Why? Because of the massive debt millstone, that's why. Why would any other operator want to take that on?
So the big guys are waiting to see if AVN goes pop and if so, they'll look to acquire assets on the cheap from the administrator (the valuable assets absolutely not being the business or even the in-orbit hardware particularly, but the orbital location rights and frequency allocations).
If that happens, then shareholders are right at the back of the queue when it comes to return of value. Creditors and bondholders get paid out first, and only once that's happened, if there is anything left, does anything get distributed amongst shareholders.
Can't therefore see AVN being sold. Can however see it being liquidated.
AIMO.
So the end of this sorry saga, i do wish now i hadn't invested in this heap of sh*t.
i would've been better off spending my hard earned money on a good holiday.
and to think they were once tipping this share to reach £20.00 ! just a few years ago.
The new BOD tried hard but too little too late.
rampers aside, its been interesting reading all your posts on here, so bye for now and good
luck to you all for the future.