Watch it fly like a big, beautiful, shiny rocket!
Up over 60% in just over a month, going up almost as fast as it came down.
My loss now under 99% !?*%$
I knew it was worth hanging onto just for entertainment value (as that is all the value left).
* A marked fall in revenue of 32%
* Material and significant losses at an operating level
* Material further losses from asset impairments
* significant debt, not all of which is going to be swapped for equity
* material cash burn supported only by the issue of further debt
* accounts qualified with the longest "going concern" statement in history
The problem is with this company it cannot sell its services, new cash will just pay the directors wages for a year or 2 before they bail out of the sinking ship (maybe a bonus as well for organising the new finance deal!!!)
They have blogged this morning "dilution to oblivion"
Dropped by more then 50% since 10 January .
But 10% up today.
They must trade these AIM stocks ?
If enough PI on AIM read it, could move small company price.
Restructuring is game changing. Mood at AGM today was very upbeat.
$557m debt written off in exchange for shares worth approx £140m (2bn at 7p)
Cash interest reduced by $92m per annum.
Shareholders get diluted but company is now secure for the foreseeable future.
I gave up on this lot some time ago, shame really as I think potential for anywhere broadband comms across EMEA should be huge if properly executed. Sales performance has been truly awful as half empty satellites confirm.
you certainly do get a lot of failures in business as many of my shares have taught me past few years. ive had some massive learning lessons which i'll probably never recover from. I have learnt that AIM really is a waste of space. anything in AIM apart from one or two business will probably fail and lose you money.
you're completely right. this is an utter dog with finance costs exceeding revenues. The only reason that this can be justified to keep running is if there's a tiny chance a competitor will buy it for the assets. And they haven' t so far with the share price sub 6 pence. I keep watch to remind myself to do better due diligence in the future....
Sadly it was just another disaster of a business run by incompetent execs. Remember all those amazing deals due this year? Dont remember seeing many, another bunch of lies by the board and Williams. it will head to 0p and then bondholders will seize whatever is still floating around space not doing much.
immarsat just waiting patiently i expect. nothing for shareholders anymore here.
I cannot believe the brain whom are running this company
Seeing their companys SP dragged through mud to almost nothing and yet saying nothing eitheryo the market and or their long suffering share holders
What the hell is going on in the board room of this once a massive tech company
How could they have got their sums so wrong and how could they not see the real reasons for delays in lunching their latest satellite
Or why dont they just pour white wash over the whole lie and tell the world the company is worthless and be done with
The deafening silence on their part tells it all
I am very confused with the daily share price movements of this stock
For example today it shows the price closed yesterday at 7.99 and rise today is 0.52P
Yet todays price is showing 8.07p!!!
This has been happening almost very regularly.
What are these market makers are playing at?
Why such blatant discrepancies in daily price quotes? And why dont others have not picked this strange pricing so far
We have had days when the price has been up almost 10% but that has had no effect on the sell
And the buys have not gone up as much either
So what is the game here if anyone can direct me
Interesting that he's back on the Board with the same job title. When he stepped down in January this year I thought it was making room for the 3 large holders representatives and it was forced. Not an expert on boardroom politics but it seems his skills and influence are again in demand. There are some experienced and talented individuals on this board who I imagine aren't desperate for the director fees. NF may have taken one for the team at the time and I find his recall promising. The share price is in aspic but stuff is clearly going on. The demand for communications in Africa isn't going away and we are well positioned.
"Prime contractor OHB SE said the EDRS-C/Hylas-3 satellite, the second of the companys new SmallGEO product line, is on track for delivery to its launch site in early 2018, but not before."
So the satellite we were told would be launched in 2017 isn't being delivered to it's launch site until early 2018 ? When is the launch estimated now ? What about Hylas 4 ? Does that even exist ? .... Guess it doesn't matter as the utilization of the current satellites is less than 18%.
Why do shareholders have to sift through other websites to find out information about their investments ?
Avanti - The company that makes massive claims in the face of adversity, sticks it's head in the sand constantly and communicates nothing to it's shareholders.
Would be interesting to know how much he paid himself over his appalling tenure, whilst shareholders were impoverished..
Suppose I could look through annual reports but each one would be a reminder of all the lost money....
"Chairman, Paul Walsh said: "We are grateful to David Williams for the contribution he has made to the business since it was founded. He has led the Company through extremely challenging circumstances and market conditions. Avanti remains a world-class technology enterprise with a world-beating technical team in which significant latent value endures."
David Williams said: "I have been honoured to work with such a talented and dedicated team who have contributed so much to this Company. They should be proud of what they have built and I am confident that the excellent service they deliver to customers will see Avanti continue to grow and flourish".
SHARE PRICE HAS GONE FROM £7+ to 0.08p. WHAT COMPANY ARE THESE PEOPLE TALKING ABOUT ? THEY'RE ALL AS MAD AS EACH OTHER. TALK ABOUT PUT YOUR HEAD IN THE SAND AND TELL EACH OTHER EVERYTHING'S FINE. JEEZ PEOPLE...
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