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Excellent talk-down work by the emerging trolls ! Yet another top up opportunity ! Just in case some are hesitating to buy, this is an extract from the January RNS, so we have to ask again...what's new? It was all spelt out a couple of months ago and AVN are merely delivering on that plan. OF COURSE the bond holders will convert to share-holders and of course they'll support us as necessary. Who cares if it sounds like blackmail. Extract from the January RNS....... Update on Outlook The Company has been advised by Orbital ATK Inc. ("Orbital"), the manufacturer of HYLAS 4, to expect delivery of HYLAS 4 in early February 2018. Arianespace has confirmed a launch date for HYLAS 4 of March 16, 2018. The Company expects services to commence in July 2018. As at 30 June 2017, the Company had incurred approximately $237.4 million and expects to incur an additional $121.8 million in connection with the construction, launch and insurance of HYLAS 4. HYLAS 3 continues to experience delays and the European Space Agency has now advised Avanti not to expect a launch until the first three months of 2019. The Company is currently exploring the best options for the exploitation of HYLAS 3. As at 30 June 2017, the Company had incurred approximately $49.5 million and expects to incur an additional $37.5 million in connection with the construction and launch of HYLAS 3. The directors forecast that revenue for the current financial year will not be less than $50 million. In addition, there is a large infrequently recurring transaction in the pipeline that, if it closes, would add a further $40 million to Group revenue, with $18 million of associated costs, in the current year. With effect from the end of the current financial year, the Company expects substantial growth in revenue driven off the introduction of HYLAS 4 to the fleet opening up new markets in sub-Saharan Africa. Excluding the costs associated with the potential large transaction referred to above, underlying costs remain in line with prior guidance at approximately $75 million per annum. In the following two years, underlying costs are expected to grow at c. 6% per annum subject to exchange rates and the mix of bandwidth revenues compared to kit and project revenues.
Ha ha ! Yessss! Better than expected ! Top up time !!!
Surely this presents a storming BUY opportunity....!!
Astonishing reaction. NONE of this is news ! Just proves that most PI shareholders are Epsilon Minus Semi Morons.
Yes, the big risk period is behind us now. Simple guiding into position followed by testing, commissioining, and then customer connexions to follow. Great to see a British Company succeeed in this sphere.
Latin America !?? Didn't realise we could reach there as well. Another little bonus !
Fantastic News !! That's a huge weight off the shoulders of our investors especially the ex-Bond Holders ! Well done Avanti....! A massive risk factor removed.
Any comments?? Sorry folks but I just don't see any new News here. We knew the major Bond-Holders. We knew they were swopping for equity, and we knew that amounted to a rescue. Doesn't change anything to have it expressed this way. Our debt burden is now miniscule. H4 is about to be launched. we have quality products. Quality customers and bouyant demand. A bright future ! What's new ??
Sorry folks but I just don't see any new News here. We knew the major Bond-Holders. We knew they were swopping for equity, and we knew that amounted to a rescue. Doesn't change anything to have it expressed this way. Our debt burden is now miniscule. H4 is about to be launched. we have quality products. Quality customers and bouyant demand. A bright future ! What's new ??
Volumes are miniscule. Not worth commenting on.
I really don't understand the anxiety here. Our venture into the Chinese Market is going to be HUGE but we must give it time to establish itself. Patience is key. In a year or so we'll be laughing at this miniscule Share Price !
More great News supporting our long term prospects. It's when you read snippets like this that you realise the pie in the sky dreams of some of the other announcements on "Broadband for all !" are just that - pie in the sky !! We are one of the few operators with the expertise and infrastructure that Africa needs. In the timescales they need it. Well done Avanti.
Note the huge dip today designed to trigger stop losses. I suspect they're aware of whats to come hence the accumulating.
I'll just make one simple point.... Profits = Red Dilution = Red Moon's Salary = Green
Another smelly one. You pay for it. Moon pockets it. Sponsorship my a** ! Turnover means nothing unless it's profitable. . With this bloodsucker siphoning away income when will we ever see profit ? More dillution.
Indeed we are. Especially pertinent to our business was the "Africa is being held back by poor infrastructure" comment. Just re-enforces my view that this business is just at the foot of an exponential growth market.
Excellent ! Expect to see a nice smooth rise from now on starting er...now !