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at the moment the share is priced between 5 to 15p lol fill your boots
to the day, the question is when to bail.£1.60 to £1.80 should be achievable.
Wow up another 11 percent
like it could be a fantastic xmas another 21% get in there.
1 pound 25 pence special dividend now that would be
Buy Avesco (AVS) at 100p says Lucian Miers For those who like a courtroom punt, Avesco looks an interesting play. The company provides services to the corporate presentation, entertainment and broadcast markets (putting up Video screens at the Ryder Cup; that sort of thing). After a torrid and loss making 2009 it expects to be profitable this year and issued an upbeat trading statement yesterday. At 100p AVS is capitalised at £25 million. It has tangible assets of 144p per share, is cash generative and its net debt of £17 million is set to fall by the year end. All in all a company that looks cheap on fundamentals. Where it gets really interesting is in the US district court of Riverside, California. In July the jury awarded Celador International $269 million against the Walt Disney Company in a dispute about the TV show “Who wants to be a Millionaire” Avesco has a share of this award worth $50 million were it to be paid in full. Disney announced their intention to appeal and a decision is expected later this week. Reports in the Hollywood press yesterday indicate that the appeal is unlikely to succeed. If this is the case the appeal process may continue in a higher court but Disney’s chances of success would appear to be fading. This would indicate that Invesco’s chances of scooping $50 million and paying out a special dividend of the order of 125p per share are on the rise. In short here is a good play on fundamentals with a very real chance of an additional jackpot payout of in excess of the current share price. I have bought at 100p and await imminent news from the courtroom with interest.
Another 10 percent today
loads of legs still left here, cheap as chips.
Any comments
possible award of £32 million pounds, this just gets better.
LONDON (Dow Jones)--Avesco Group PLC (AVS.LN), an international provider of services to the corporate presentation, entertainment and broadcast markets, said Friday it made pretax loss of GBP2.48 million for the half year ended March 31, compared with GBP4.91 million, and said it anticipates a profitable outcome for the financial year. MAIN FACTS: -Revenue increased by 15% to GBP54.8 million versus GBP47.6 million -Cash generated of GBP4.2 million versus loss GBP2.2 million absorbed -EBITDA increased to GBP8.3 million versus GBP6.1 million -Trading loss reduced to GBP1.1 million versus GBP4.0 million -Operating loss of GBP1.7 million versus GBP4.3 million -Basic and diluted losses per share of 6.5 pence versus 15.9 pence -Net debt reduced to GBP17.5 million versus GBP25.9 million -The company is seeing significant business from the 2010 FIFA World Cup in South Africa and the World Expo in Shanghai and there has been a marked upturn in the North American market. Shares closed Thursday at 48.0 pence. -By Razak Musah Baba, Dow Jones Newswires; +44-20-7842-9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 18, 2010 02:27 ET (06:27 GMT)
increased stake to 29.6% could they be thinking of making an offer. hope so.
good day at the office.
today roll on 74p half net asset value.
shares in free float all the rest tied up.
£1.48 net audited asset value cheap as chips thats why the directors and toya are filling their boots. going very nicely today.
some very bullish stake building going on here.at 50p
12% of the company traded today.
TIDMAVS Taya Investment Company Ltd Statement re: Avesco Group plc Further to Avesco Group plc's ("Avesco") announcements of 22 February and 25 February 2010, Taya Investment Company Ltd (the "Company") announces that it does not currently intend to make an offer to acquire the entire issued share capital of Avesco. The Company acquired 2,804,513 Avesco ordinary shares on 18 February 2010 and additional 2,300,000 Avesco ordinary shares on 24 February 2010, amounting, in aggregate, to 5,104,513 Avesco ordinary shares which amount to approximately 20.4 per cent. of the issued share capital of Avesco. For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the "Code"), the Company (and any person which is, or may be, acting in concert with it) reserves the right to announce or participate in an offer or possible offer for the shares in Avesco (which it does not already own), and to take any other action which would otherwise be restricted under Rule 2.8 of the Code within six (6) months of the date of this announcement: (i) with the agreement or recommendation of the board of directors of Avesco; (ii) following an announcement of an offer, a firm intention to make an offer or a possible offer, by or on behalf of a third party (including by an Avesco shareholder, director or a member of its management) for Avesco; (iii) following an announcement by or on behalf of Avesco of a "whitewash" proposal or a reverse takeover (in each case as defined in the Code); or (iv) with the consent of the Panel, if there is a material change of circumstances. (END) Dow Jones Newswires March 01, 2010 10:28 ET (15:28 GMT)
20% of the company traded today.
going on today.
already up 17%, have i missed the boat?
massively audited net asset value £1.48 per share definetly worth a look.
AVS - See we have an Institutional Buyer as well as Seller. RNS 26/01/10
Seller is now below notifiable interest today.