RE: Tipped by Beaufort Securities today16 Jan 2018 13:38
HYLAS 4 Satellite to Launch March 2018, plus Interesting New Markets. AVN currently has three orbiting satellites, but is due to launch its most powerful and cost effective satellite, HYLAS 4, on 16 March 2018. This should open up some new and interesting markets, such as the recently agreed wholesale ka-band capability sold to Inmarsat in Germany, allowing ISAT to service the Lufthansa aircraft fleet with in-flight Wifi, despite ISAT not having a satellite presence in this geographic region.
Valuation and Recommendation. We believe that AVN will make an announcement shortly detailing the exact terms of the debt-to-equity swap and giving the stock market updated guidance for the year to June 2018 and 2019. We will publish our own financial forecasts thereafter.