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An old article admittedly, but I think some need reminding just how many Key players in the Telecoms industry are actually coming to AVANTI..............................Shares in Avanti Communications (LSE:AVN) are heading higher today after the company announced that revenue for the quarter to the end of March was up 15% year-on-year at $19.5m on a constant currency basis. Moreover, the company also reported today that it had won some sizeable contracts during the last quarter. These new contracts included a deal to provide connectivity to 4G base stations in the UK with EE Ltd, the mobile operator recently acquired by BT. Having such a big player in the telecoms industry on board is a huge vote of confidence in Avanti and the company's management.
An old article admittedly, but I think some need reminding just how many Key players in the Telecoms industry are actually coming to AVANTI..............................Shares in Avanti Communications (LSE:AVN) are heading higher today after the company announced that revenue for the quarter to the end of March was up 15% year-on-year at $19.5m on a constant currency basis. Moreover, the company also reported today that it had won some sizeable contracts during the last quarter. These new contracts included a deal to provide connectivity to 4G base stations in the UK with EE Ltd, the mobile operator recently acquired by BT. Having such a big player in the telecoms industry on board is a huge vote of confidence in Avanti and the company's management.
Interesting article but suggesting double bagger is an insult. Just look at where we were. My expectation is that these are the levels we will be heading for once refinancing has been confirmed and H4 is up there. Just need Avanti then to SELL SELL SELL ! If you note the number of Sales jobs/key appointments they are at last gearing up to do just that.
Agreed SS although as pointed out by another poster here we are unlikely to see those contracts confirmed until after successful launch. But when we do you can forget single digit share price numbers !
Another endorsement of AVANTI's long term viability. There is absolutely no way any Government organisation of this importance would place it's future in our hands without carrying out a thorough due diligence analysis. Clearly what they will have found confirms our long term prospects. Well done AVANTI ! But come on folks, surely this warrants an RNS ??
Good to see some publicity. I'm hoping that when the Bondholders become shareholders the pressure will be on for Avanti to raise it's profile further with MUCH more publicity.
Well cb I do agree the cost is very high at the moment. But if economies of scale mean anything I believe that cost can be halved, especially if national health services begin to understand it's impact on their cost reduction programs. After all buying a shed load of Fruitflow has to be cheaper than treating patients for heart conditions and Blood Pressure related problems. As far as the SP is concerned I believe it's only a matter of time.
Thanks OPB, that's much clearer. I just wish they would just say as much instead of having us interpret legal speak. So just so we're crystal clear.....are we saying that our debt is NOW reduced to (please state how much) ? Or do some agreements still need to be signed off ? Apologies, but I just don't have time to do anything but skip-read stuff this morning, well this month actually !
Tend to agree Simon. The RNS does LOOK very positive, but really we need more information. That is a legal obligation .
Today's share movement on the back of this news just makes me despair. They really don't know ANYTHING about this business do they ? What do they think they're invested in...a friggin' Mars mission !!??? OK. Lets make it simple - Musk's project has no bearing whatsoever on our business. Period.
Very good performance. It's noticeable that he doesn't have the unfortunate tone of arrogance associated with our previous man at the helm. Good to have that kind of credibility as our ambassador.
Excellent appointment. Exactly the kind of fellow we need at the helm. Once again, you would not see this calibre of person joining if there was anything but a success story around the corner. Now is the time to top up / Invest, IF you can get hold of any of these gold coin equivalents !
Or as in Bright...! Sure that'll be in the long term, but who wasn't aware of that ? The Bond-Holders certainly are !
Launch in March 2018.
Of it doesn't have a home to go to Laguerre. It is a paid employee of some low life organisation living in a dirty little sweat shop paid to destroy ANY positive arguments supporting it's victim shares. Sad really. There have to better ways of making a living. Should be criminalised and probably is but the FCO and AVN are just so weak. I do think though that there will be greater focus on that sort when AVN Bonds become shares with hopefully a greater effort from AVN to flush them down the bowl once and for all !
Absolutely fantastic RNS. For the positivity of our trial results to be recognised in a Journal such as this is highly significant. Talk of a �2 per share takeover is a joke! If the results of the the next stage are consistent with this single dose trial then Med 2002 as a replacement for Viagra is ensured and our SP is anyone's guess !!
Sorry, I don't know, but for me the most crucial milestone now is ratification of the re-financing plan by the bond holders. Agreement has been reached informally, but formal agreement should see our future secure and enough time to ramp up sales. I wouldn't expect to see anything dramatic in these quarters sales results as the above is what's needed to re-instill confidence in our product/future. As I understand it several large contracts have been held pending more certainty around our future. The above provides that. I suspect the Stock Market is aware of that too hence our steady rise of late.