Member Info for MattTheBrave

Oh come on Tyche - stop being such a knob. Over 2 years, the price is down by more than 95%. Who was more right, the person who said iot would go bust (lose 100%) or the may people who said the price would rise? If that is really the nub of your argument with SS, then you're a greater fool than even I countenanced. And, let's face it, the Company is effectively bust. If it wasn't for a series of desperate measures and agreements with (the equally desperate) bond holders, this would have gone under last year - what it has done is render the equity almost worthless. Might even go below a penny this month.

Dan - I think you are confusing bravery, with stupidity. Also love with common sense. You are quite confused all round really, aren't you? I see you are described below as a 'Premium Member' - half right methinks ;-)

Dan - surprised you've got any money left, being an investor here and all....;-0))

Was that a joke? Think your banter needs a bit of work. Perhaps you could come back when your number of posts gets into 3 figures. Your current total is very 'modest'.

I think this will be bid for before the end of June. It was nearly bought in 2014 (they turned down an offer of £9.35 would you believe!!)

Yes Dan, you're right - I am extremely modest. Probably the most modest person you've ever come across. probably the most modest person on planet earth....;-))

Dan seems to be morphing into GCCRa. Or are they actually one and the same person (patient)? Even proper critical thinking is met with the same 'paid deramper' nonsense. As I have always said to GCC, go and look at my other posts on other boards which you can see on my member page and then come back and tell me that I'm not ecatly who I say I am - a knowledgeable and experienced private investor.

It may go down further, but 12 months from now, I expect it to be much higher, or taken out.

I agree that D and A are non-cash items, and tax not a factor for many years, but for EBI to be higher than interest, you need about $50m to $60m per annum. Considering that total revenues are about that currently, hopefully you can see just what a challenge this is likely to be. Get real.

If you don't want to receieve personal posts tyche, then I suggest you desist from sending them in the first place. Shame you didn't answer the question ( facetiousness ignored), but that seems to have always been your approach on this Board.

Oversold today methinks - just initiated a position. Takover coming......!

Not really Tyche - it was simply a statement of fact when responding to a challenge from another poster. Not really sure what it has to do with you, but seeing as you've dived in, perhps you could point out the flaw in my reasoning from my 15.38 post of yesterday. Few typos for YOU to point out in that one as well - LOL!

Today's the day I've been waiting for. Initiating position at 322p. Will buy more if it falls towards £3. Single digit PE, CEO leaving, great niche business, ripe for turnaround or takeover.

.....and consistently being right Dan, don't forget that. Sorry you find that annoying.

And you haven't answered my question about what your approach involves and who you listen to. But we know the answer, right - you don't actually have a clue what you're doing do you? How about you stop posting the insults, and try listenting for a change.

Well Brad, I hardly think I've been on the sidelines - I've been consistently negative for about 4 years. Get a grip man.

Dan,
this is a Booard for people who have a view on Avanti to exchange these views. Nowhere does it say you have to be a holder (though I used to be years ago, which is why I have a view). Nowhere does it say you have to be positive. I welcome viewes that are different from my own of well reasoned so that I can continually question my own thesis - this has saved me from heavy losses a few times (inclusing here). So my question to you, is does your approach to investment only involve speaking to people who have exactly the same view as you ie indulging in group think?? Accept some advice from an experineced investor - stop, because this approach is likely to lose you a lot of money.

And yes, you should be thanking me ;-)

Dan - the point is that the evolution of the share price is a fact, NOT an opinion. You are entitled to your own opinions, but (and this clearly a shock to many on this Board) you are not entitled to your own 'facts'. Use of 'FFS' entirely justified IMV!

Few things - EV stands for Eneterprise Value, NOT entity value FFS. EV is the total effective price being paid as it is the mkt cap of the equity plus the size of the debt which needs to be taken on. So, all acquirers focus on EV rather than simply mkt cap.. For AVN, the equity is worth £36m, and the debt about 10x that amount. So, with regards to the true economic value of purchasing the whole company, the stock price is largely irrelevant, whilst the debt has just inceased by $55m (which on its own is more than the value of the equity). Hopefully you now have a better understanding of the situation.

Not really, beacuse the purchase price really has nothing to do with the value of equity, rtaher it's the amount of debt you have to take on, and that's just increased by $55m, so quite the opposite actually.

Positive EBITDA is not enough. Only positive pre-tax profit will spell recovery, as this will mean that the Company actually made money after servicing the ever-growing debt mountain, which in turn means they can actually strat paying it back. In the abscence of this, expect further D4Es and dilution, as that will be the only way to reduce the debt. Not doom-mongering, not gloating, but simply my view based on the facts available. Cue ridiculous de-ramping accusation posts from the resident Brain Trust members......