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Could it be after the recent issue of shares to the service provider and other recent allocations, therefore the book would have been adjusted accordingling which would show as a reduction due to more shares in circulation.
All it means is they have been given shares for something and are paying the tax on the shares at todays shareprice to benefit as the share price rises, much like emplyoee share incentives, so its a good thing although it would have been better if more info was provided.
But Gazza4u, do you want an antibody test which lets you know you have had the virus and are most likely past the spreding stage, or do you want a test that lets you know you have the virus but you have no symptoms? Thats the money shot. Worth waiting for IMO.
DOH85, I think its just social interaction that he craves. People should not be cruel to him just ignore is the best policy. Personally I'm very happy to be invested here. GL all.
Hi Dan. Here is some some news.
Full article here https://spacenews.com/after-downsizing-avanti-focusing-on-fleet-fill-rate-mulls-small-geo-satellites/
WASHINGTON — British satellite operator Avanti has no plans to relist on public markets anytime soon, focusing instead on streamlining costs while finding customers for its underutilized fleet of three satellites and two payloads.
Avanti removed itself from the London Stock Exchange in September 2019, saying the regulatory costs outweighed the benefits of being a publicly traded company.
Avanti was beginning to execute a new business strategy that focused on selling satellite capacity to other operators and the U.S. government instead of consumer broadband customers, a shift that was beginning to turn around five years of declining revenues.
In an interview, Avanti CEO Kyle Whitehill said that the company has cut operating costs by shedding 25% of staff since delisting, reducing the company to 240 employees.
“We still have a great business with significantly less people,” Whitehill told SpaceNews. “We had a lot of people deployed against hoping we could generate revenue in some areas, rather than putting our people into where we are generating revenue.”
Whitehill said the lower headcount, coupled with renegotiated equipment contracts, enabled the company to lower capacity prices and compete more effectively across its primary markets of Africa, Europe and the Middle East.
Avanti is now focused on increasing the fill rate on its Ka-band fleet of five satellites from 48% to around 70-80%, Whitehill said, which would be comparable to the fill rates of leading fleet operators Intelsat, SES, and Eutelsat.
Avanti’s fleet-wide fill rate has lagged behind industry norms, despite its oldest offerings being fully booked. Over the past year, Avanti increased its fleet utilization rate by courting mobile network operators in South Africa, Sudan, Nigeria, Ghana and Kenya that use the company’s satellites to backhaul cellular data in lieu of fiber transport, Whitehill said. Avanti also increased its focus on selling to the U.S. military, he said, working with Florida-based Comsat to make inroads into the defense sector.
Avanti is leasing all the capacity on its Hylas-1 satellite and its Hylas-2B payload to customers Whitehill declined to name.
The company is refocusing Hylas-2 on the Middle East, and using its largest satellite, Hylas-4, for connectivity services across Africa, he said.
Avanti’s newest capacity comes from Hylas-3, a hosted payload with eight steerable beams that launched in mid-2019 as part of Airbus and the European Space Agency’s EDRS-C satellite. Whitehill said the beams are pointed over the Middle East, but that Avanti has yet to start service with them because the coronavirus pandemic has prevented the company from traveling to the region.
Whitehill declined to state Avanti’s total revenue, but said capacity sales doubled from 2018 to 2019,
I also agree, Imagine in the years to come if more covid type viruses start appearing they could quash them straight away testing via sewage. I'm very happy to be invested here so much to look forward to,
Nookie, You've been here for so long I really hope it comes good for you. I was in here for years and will look to get back in pending other investment performances, I have a good feeling about Alba. GL
Is the boot on the other foot now? Only a few days ago you wrote....The gamble of loosing a few K or the chance of making 10s to hundreds of thousands is a no brainer. Sellout and risk missing out, not the best strategy
Leo sat never had any satellites so were not an operator and only had 12 staff.
First casualty of the LEO operators, Oneweb has filed for bankruptcy can't say I'm surprised, feel bad for the staff. https://www.zdnet.com/article/coronavirus-spacex-internet-beaming-rival-oneweb-files-for-bankruptcy-over-covid-19/
New website https://www.avantiplc.com/
Interesting article cheap, I think part of DW's problem was he was an ex banker, did great to get the finance in place but wouldn't negotiate on price which alienated the co from the market in some respect. Now the deals are going through at a much lower rate per MHZ, as is the case with the industry as whole. One thing seems clear though Avanti seems to be here to stay.
I often wonder what made you so bitter in life PDMS, how about giving it a rest.
Hi Dan, Some reading for you from AVN CEO:
By the end of 2019 we had doubled our revenues year on year and we have set ourselves ambitious targets for 2020. We have moved from a pure broadband strategy, to a wholesale model serving defense, industry and carrier players. Over the next three to four years we shall continue to sweat our existing assets, increase our EBITDA position and look at increasing our capability through new satellite technology and partnerships.
Read full interview here:
http://interactive.satellitetoday.com/via/satellite-2020-show-daily-day-1/the-operators-speak-ahead-of-satellite-2020/