9 Sep 2014 05:27
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Don't have an account? Click here to register.Avanti revenues improve, results delayed
Fri, 31st May 2019 09:44
(Sharecast News) - Satellite data services provider Avanti Communications saw revenues move ahead in the first quarter of its trading year, keeping the group on target against internal plans.Revenues for the three months ended 31 March came to $14.3m, up from the $12.8m recorded a year earlier, while EBITDA was $4.6m. Cash balances at the end of the quarter were $16.3m and Avanti also had a period end backlog of $164.3m.Avanti assured investors that trading was on target to meet its internal plans, with its previously announced cost optimisation project starting "well".The AIM-listed company said it was "well placed to achieve the savings targeted for the full year", which should result in a positive EBITDA from its bandwidth business in 2019.Avanti revealed earlier in the week that it would not be in a position to publish its audited financial results for the 18 month period to 31 December until 7 June and as a result, it would not be possible for its accounts to be laid at its AGM on 24 June.As a result, Avanti will hold a separate general meeting, to be convened as soon as possible after its AGM.As of 1000 BST, Avanti shares had slipped 2.53% to 1.61p.
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8 Sep 2014 15:15
8 Aug 2014 16:37
Sector movers: BT and Dixons Carphone drag telecoms lower
Telecoms stocks were among the worst performers in London on Friday with BT Group and newly-merged Dixons Carphone trading in the red. BT was 1.5% lower on reports that the company will have to wait until next month before a court will give its verdict on its long-running battle with BSkyB over who
Read more5 Aug 2014 14:34
BUZZ-Avanti: de-linking
** The pain is unlikely to be over for shares of satellite operator Avanti Communications. ** Volume has ticked higher over the past month as the stock races towards a record low. ** Though none of the 4 analysts tracked by StarMine it a "sell" (3 "buys" & 1 "hold"), the stock ranks v
Read more21 Jul 2014 09:29
Monday broker round-up UPDATE
APR Energy: Liberum Capital reduces target price from 735p to 385p and stays with its sell recommendation. Avanti Communications Group: Jefferies reduces target price from 580p to 250p and downgrades to hold. Dialight: Canaccord Genuity raises target price from 1000p to 1100p and retains a buy rec
Read more7 Jul 2014 16:29
Avanti Comms directors increase company holdings
Satellite operator Avanti Communications on Monday reported that David Bestwick, its Chief Technology Officer, and Nigel Fox, its Chief Financial Officer, had both increased their holdings in the group. The largest of the purchases was made by Bestwick, who bought 4,000 shares at 250.03p each on F
Read more7 Jul 2014 08:47
Avanti Comms selected for government contract in Middle East
Satellite group Avanti Communications has been selected by ESER Telekom, a Turkish telecoms firm, for the delivery of a government contract in the Middle East. Under the agreement, ESER will deploy Ka-band services in the Middle East for an international connectivity programme. "This win further
Read more