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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Avanti Cap. | AVA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.50 |
| Top Posts |
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Posted at 22/5/2016 15:13 by cjohn The upshot is that for investors like me who don't already have shares there's only a modest gain to be had at the present Price. Some of the few pence difference between share Price and asset value will be eaten up by transaction cost in the return of capital.So I'm avoiding this one. |
Posted at 05/11/2013 08:47 by paxman Think you may have understated Avanti's proceeds from the Eclectic IPO.Avanti should get 60% of £20m plus £7.3m in cash ( being their loan repayment). Eclectic should IPO at £20 m pre money + £10 m raise ie £30 m market cap. That should give good upside to IPO investors who will get a company making say £3.5 m pre tax earnings in the current year and is growing at say 15+% a year. Eclectic seem to have a good and scaleable business model so might make a good investment once they are listed. So Avanti would receive £19.3 m in cash and shares, the mix depending on how many shares it sells in the IPO. That's about £2.40 a share. It will have to pay the manager something like 30p in performance fees. So cash and shares of £2.10? The above figures are approximate and could be wrong so DYOR. |
Posted at 28/10/2013 22:55 by 5310carraroe Great news RNS and great investor reaction. |
Posted at 17/8/2010 22:58 by hugepants ....COMMENTARY: I am impressed with mBox because they are ideally positioned to become the industry leader in mobile ecommerce and messaging transactions processing. In short, mBlox is a gateway that allow consumers a safe way to buy things from businesses and wireless carriers using their mobile phones.The fact that mBlox is making money, while Motricity, a competitor, is losing money on similar revenues, congers a lot of questions. Why? Is mBlox making money because of better technology, efficiency, execution, management decision-making? I looked into Motricity's IPO filing, and Ryan Weurch, Motricity's CEO is highly motivated. It's about money, of course. An IPO would trigger a much needed salary increase under a new employment contract, there is a bonus incentive for selling the company or raising capital through an IPO before July 25, and he wants to pay-off loans owned to the company from the purchase of his residence and other personal loans he owes the company stemming from relocating Motricity to North Carolina after he purchased InfoSpace, the company that furnished the technology the company uses. A lot of green tech and EV/hybrid startups are doing the same thing. Jumpting into the public markets to raise capital before that window closes is picking up steam. In January alone, 15 companies filed S-1's. See my previous post. If I were mBlox, I would do an IPO now, while the window is still open. In my opinion, mBlox has a more compelling value proposition for investors, could fetch more than Motricity's $250 million (personal opinion), and this is a good time for the company to finally cut loose from the VC's and for their VC backers to exit nicely or stay in as minority investors. |
Posted at 23/6/2010 08:33 by adam > each has the ability to wipe the other outNot true. > If mBlox prospers and Eclectic fails, the net effect for AVA is zilch Not true. If mBlox prospers and Eclectic fails the net effect on Avanti will be £1 to £3 per share. If Eclectic prospers and mBlox fails the net effect will be 75p to 150p (say) per share > AVA will only benefit in full as long as Eclectic holds its value Clearly Avanti does better if both succeed. The market seems to be pricing in a high probability of failure for both, which may be warranted. > You say they are conservatively valued and they say business is booming I did not say business was booming. I have no insider information just the public statements. They are correct at the time of going to press. We also know that the directors sit on the board of both companies. I know they get weekly cash flow statements from Eclectic. They bought shares as late as April and any material change has to be reported to market immediately as it is price sensitive. I would not be surprised if trade is softening given the situation but a collapse in trade since April would have to be reported immediately. Equally cynically, I would point out that bars like LMR may be using the macro economic back drop as a convenient excuse for mismanagement of their brands and estate. Lastly as I think I have pointed out before - Eclectic is the result of two pre-packs and so has a large survivor bias. I am nervous too about the economic situation but the question for investors is how much of the risk and reward is reflected correctly in the price? I would say most of the downside is in the price and the upside is being ignored. |
Posted at 18/6/2010 15:49 by adam They might say something at the end of period trading update, which was end of June last time. The press is saying that Motricity had to cut the offering price to get it away, and it is at the bottom of the expected range. i.e. it would have been valued at more!I was trying to recall where I got the 7.7% from, and it appears to be from the 2006 June accounts. June 2006 In the fund-raising, Avanti invested a further £1.73 million to bring its total investment to £3.56 million and its holding in mBlox to 7.9%. As a consequence of this investment, the carrying value of the company's shareholding in mBlox has risen from £1.83 million to £5.6 million. As at 30 June 2006, the carrying value of its investment was 65 pence per ordinary share. This implies a valuation of £71m ($105m today's money) for mBLox Since then there as a funding round of $22m in Nov 2007. Dec 2007 In late November 2007, mBlox raised $22.0 million in a Series E round taken up by the principal existing investors and a substantial new late-stage investor. The Company invested $0.25 million. The terms of the investment (with its preferences) reflect the change in the investment climate giving an implied valuation of the Company's interest in mBlox of £7.8 million. The £/$ was 2:1 at the time, so the additional £ investment was £125k. i.e. next to nothing. Yet they have increased the valuation of the mBlox holding, so I assume it was an "Up" round despite the comments about investment climate (surely Dec 2007 things were already pretty downbeat??) If we assume if was neither an up or down round then it would have diluted Avanti by about 20% to 6.3%. (i.e. $22m is about 20% of $105m) If it was an up round then dilution would have been less. I think we can assume between 6 and 7%. Check my maths Edit - actually I should use m/cap of $140m if £/$ was 2:1 at the time of funding, but this only makes the dilution less, so unless I have missed another funding round it should be comfortably above 6 and nearer 7%. |
Posted at 01/12/2006 11:54 by adam indeed. Last financing round would have been the benchmark for valuation and offers some comfort as unconnected 3rd parties were lead investors. it may have deteriorated or improved of course. |
Posted at 28/6/2006 19:46 by jeffian As we haven't met, I'm not sure why you've taken such a personal dislike to me LBO, but it certainly isn't reciprocated on my part. Surely the point of these threads is to discuss/argue about shares from all points of view and let people draw their own conclusions. I freely admit that I know nothing about any of AVA's tech investments but, as a former shareholder, I did know something/have a view on their former management and I do know something about the pubs/bars business and felt I had something to contribute here. Post 208 is not "self indulgence", it is moving the argument forward by pointing out that they have still not bitten the bullet and it seems to me that the new arrangement is window-dressing to protect the balance sheet from write-offs. My view is that Barvest Mk2 still has the potential to bite AVA investors both in terms of draining cash and damaging the balance sheet and that's a point of view current and potential investors may wish to consider. You can argue/dispute/rubbis8-) Regards, Ian |
Posted at 28/6/2006 17:39 by jeffian LBO,When you say "I agree the bar business has not gone as well as they hoped but many external events have occured making the envionment a lot more difficult and no one could have forseen those events", you are air-brushing history. This outcome was entirely foreseeable. I said this on another AVA thread in October 03 and I've been saying pretty much the same here for the past 18 months. "jeffian - 22 Oct'03 - 16:11 - 54 of 245 edit ................As for knowing anything about running 'nite spots' - if 'playboys' Aspinall and Bilton are still on the board here (?), be aware that having a detailed knowledge from a customer's point of view does not necessarily qualify you to understand the finances of these things as an investor (otherwise George Best would be Chairman of Mitchells & Butler). The managed bar/nitespot sector is notoriously fashion-led with an insecure customer base and the sector is strewn with the wreckage of those who've tried. There must be an evens chance this lot will join 'em - with your money!" Regards, Ian |
Posted at 23/2/2006 08:04 by ynotna 23 February 2006Avanti Capital PLC mBlox raises $25m in funding Further Investment by Avanti in mBlox Carrying value in mBlox trebled to 61p per Avanti share Avanti Capital PLC, the private equity company, announces that it has made a further investment in mBlox Inc, the world's largest mobile transaction network. mBlox provides message delivery and mobile billing services to businesses worldwide The $25m fund-raising by mBlox was led by new investor Trident Capital, the $1.5bn Silicon Valley fund, which focuses on businesses providing information connectivity. The fund-raising was also strongly supported by existing mBlox investors, including Bank of America Venture Partners, Norwest Venture Partners and Novus Ventures. The funds were raised by mBlox to support further product roll-out and geographical expansion. In the fund-raising, Avanti invested a further £1.73m to bring its total investment to £3.56m. As a consequence of this investment, the carrying value of Avanti's shareholding in mBlox has risen from £1.83m (or 19.6p per Avanti ordinary share) to £5.68m (or 61p per Avanti ordinary share) based on the current subscription price. The Company's holding in mBlox has increased to 7.9%. As the only company to focus exclusively on providing a global mobile transaction network, mBlox has secured leadership in major markets, including the United States and Europe. In 2005, mBlox processed approximately 1bn transactions, with a total billing value of about $400m. mBlox also extended its direct billing reach to 15 countries, launching new services in Australia, Canada, France, Ireland and Germany and now reaches 1.5bn mobile phone subscribers worldwide. Julian Fellerman, Joint Chief Executive of Avanti, commented: 'We have been very pleased with the performance of mBlox to date and are delighted to support this new fund-raising which will enable mBlox to consolidate its market leading position. We were particularly encouraged by the strong investment appetite shown by our new co-shareholder Trident Capital, who led this funding round.' mBlox CEO, Jeff Clark said: 'mBlox captured the leadership position in the US and Europe for mobile transaction network services in 2005. In 2006, we will expand into new markets and introduce new products for our clients based on our understanding of our customers' needs. We are happy to announce this additional financing which will enable us to accelerate our growth plans, and we are proud to have Trident Capital invest in us and bring to us its substantial expertise in billing and payment transaction services.' Notes to Editors About mBlox Inc.: mBlox is the world's largest mobile transaction network. Specializing in the commercial and technical complexities of mobile payment and message transmission, mBlox is in the business of connecting companies with customers. The result of this dedicated attention to messaging services is that mBlox delivers comprehensive and dependable SMS transport and financial settlement services. With an international network of offices, mature operator relationships and carrier-grade infrastructure, mBlox powers mobile business. mBlox is headquartered in Sunnyvale, California with EMEA headquarters in London and offices around the world. For further information visit www.mblox.com About Avanti Capital Plc: Avanti Capital is a private equity company. Unlike conventional close ended private equity funds, Avanti has no set investment timetable and focuses on the quality of individual investments rather than a portfolio strategy-led high quantity investment ethic. Avanti has an executive team with extensive experience of investing in and running companies across a wide range of sectors. The professional backgrounds and business experience of the executive team enable Avanti to see value in situations, which may be unattractive to the other investors. The presence of structural issues within business is seen as an opportunity to create more value from any particular investment. Avanti's approach to investments is both rigorous and discerning and reflects the fact that it is seeking exceptional opportunities to invest in businesses with high quality management teams and where Avanti's own management can feel truly passionate about the business's prospects. Avanti's investment criteria are as follows: - European businesses. Strong management with a proven track record. Wide ranging businesses, which show the potential for material growth in the short to medium term, including consumer brands, leisure, retail and specialist support services. Undervalued businesses or assets in both the public and private arena. Where appropriate, the company will seek to raise debt finance to part fund any investment. Avanti Capital is listed on the Alternative Investment Market of the London Stock Exchange and therefore offers shareholders participation in private equity deals through a quoted vehicle. For further information visit www.avanticap.com |
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