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Looking at recent SP movement, it looks like the guy I was speaking to a couple of weeks back who said it'd be better for AVN if H3 didn't launch might have had a point after all...
Huge opportunity now! Has to be a multi bagger at this bargain price !
Could be, GCCRa...
...except you've been proven utterly and entirely wrong, the last 863 times you've assured everyone of the exact same thing.
why such a big drop? everything has gone well according to plan.
Power, one admittedly negative school of thought is that, following the successful launch of Hylas 3, there is very liable to be a final payment clause in the contract to the tune of a few million dollars once the satellite has been shown to be fully functional and properly in its specified geostationary orbit for thirty days. That was certainly the case with Hylas 4 - and if true, capex spending isn't quite over yet.
Plus on top of that, some may be thinking that the last thing AVN needs now is the operational costs relating to a fourth satellite in its fleet, when it's not got anywhere near selling even 50% of the capacity of the first three...
As ever with this outfit, it's a case of wait and see.
going from £7 down to 1p, how can you recover from that. I would love to know AVN action plan.
Well, how about the 3 monkey's method?
See no evil, hear no evil , speak no evil - deaf dumb and blind kids sure play a mean pinball?
One paragraph on the website about Hylas #3 since the G5 headline.
I don't like the vacuum cleaner bloke who dominates the Countdown advertising space , but I think Avanti might look at his approach and get our name out there. By the time anybody has heard of us, the life of our satellites will be coming to ann end and we'll need another 1.2BN to launch some more?
We are probably one of few real RED HOT PENNY SHARES but how do we prove it?
"We are probably one of few real RED HOT PENNY SHARES but how do we prove it?"
Only one way. Cast-iron monetization of the capacity already in place to a sufficient level (that level being at the very least enough to cover debt-servicing payments out of gross margin without causing slippage into a pre-tax loss).
So basically... AVN nees to sell (a lot) more of what it currently has and is funding. It's that simple... nothing else will do.
Fortunately KW very obviously knows this already - and it's now a race between his driving of the company in far more sensible directions versus the debt millstone.
AIMO.
so near and yet so far.
All we need is to clinch a few more major contracts.
Half Year Results due in 27-9-2019 , lets hope we have good news , need this share price to move north.
The BOD should now be focusing on Revenue streams , Targeting New Contracts , anything to move the SP forward .
The RNS makes sense. There has been no logic with the sustained share price decline.
It will likely get taken out at some point in the future by someone with bigger ba**s
And it’s good night from the fat lady!
More like Au Revoir!
I don't see no fat lady.
I have 40k in this. Is this good news?
Looks like the remaining PIs are rushing for the door.
Not a complete wipeout, but can't be classed as good news by any stretch of the imagination.
However, I am keeping all of my shares. The eternal optimist will look at the net asset value of circa 8p against the <1p share price. The trend has changed and the company has been delivering on its recent promises. It is an unfair world with gremlins playing havoc so the BOD has done the best thing to recover and survive.
Wress - you £40k is now less than £20k- Lorn knows what possessed you to throw that much into this!? did you not read this Board and discriminate between those with some degree of intelligence, and those without? If you stay here you will now be invested in a close-to-zero liquidity investment, and you'll be largely in the dark given the reduced information that will now be coming from the Company. £20k is better than nothing - I'd sell whilst the liquidity is there if I were you!
Best thing is we won't have to continue to hear doom and gloom merchants harping on in the future.
Every cloud has a silver lining.
· The proposed Cancellation is part of the ongoing transformation of the Company as the Directors believe the currently market valuation does not reflect the recent progress the Company has made, the value of the Group's satellite assets, or the current market opportunity
· Recent results allow the Company to reaffirm prior guidance for FY19 and FY20
· Successful launches of HYLAS 3 and HYLAS 4 provide platform for continued growth
I am thinking of the practicalities here.
Will Avanti issue us with share certificates through our brokers?
Our holdings will presumable evaporate there? BUT, A BIG BUT, it says Jenkins will not deal with us directly but through our brokers.
Perhaps that covers my first point, our brokers will get us paperwork to replace our nominee accounts? And then Jenkins will deal with paperwork thereafter?
I look to have invested a similar amount to Wress which is worth less than £500 - most of the cash spent at £2.20 and above.
Hardly worth taking that poultry amount - just have to accept I bought a turkey and hope they try to look after us for once.
Best thing is we won't have to continue to hear the swivel-eyed optimisim-with-no-foundation merchants harping on in the future. Actually, that's the second best thing. Not having a holding in this dog of a share is the best thing! Lol
There are no clouds - the sun is shining down!.
I don't buy what the BoD is saying. They're *****ing about the MCap being too low - and conveniently forgetting that the MCap is defined by the market, which looks at fundamentals such as P&L, balance sheet etc etc.
All that taking AVN private is going to do is save a bit of annual cost (no bad thing, I suppose) and also remove much of the need for disclosure. I don't think it's going to do anything for the company's credibility - in fact, quite the reverse.
Having said that, following the PI-crippling factor 15 D4E swap last year, it is indeed true that the vast majority of AVN shares are held by a small number of institutions, like Mast and the other holders of those bonds swapped for shares. And it's pretty much the same outfits that hold the remaining c. $500m of bond-based debt, so on that basis FROM A VERY GENERAL VIEWPOINT, this doesn't change the price of cocoa that much.
It is undoubtedly another kick in the teeth for remaining PIs though, although they only - I reckon - account for less than 7.5% of AVN's total shareholding. That's still £2 million potentially in private hands... and probably once worth many multiples of that. Not nice for long-suffering PIs to see impending illiquidity on those holdings.
Hopefully GCCRa won't now dare to come back yet again with his 865th "strong buy" recommendation - and if AVN does go off-market, at least fresh PIs won't have the opportunity to get suckered in. Got to be thankful for small mercies...
Am i correct that they are just delisting from aim .
We will still have shares in the company , possible they could relist in future , or taken over when unlisted ?