Avanti Capital Share Discussion Threads

[jeffian] 03/2/2006 19:42

Must be interims soon. Is Barvest the cuckoo in the nest?

Regards, Ian

[currypasty] 05/1/2006 10:03

unusual for ava to tick UP !!

[jeffian] 28/12/2005 10:45

Only because of my interest in pubs/bars. I got out of ECI long ago after (then) Chairman Dan Taylor told me he could do more with my money than I could and if I didn't like it, I should sell. He couldn't and I did! My prediction for this one is that the Barvest tail will wag the AVA dog and unless they find someone to take it off their hands pronto, Barvest will be looking to the parent for a cash injection. Moral of the tale? Don't get tempted into 'cheap' businesses you don't understand. Happy New Year!

Regards, Ian

[regalrealm114] 28/12/2005 09:46

I got out at 1.90 and still lost on my initial investment. Was an ECI holder got shafted in share consolidation! Good to see you are still posting jeffian.
Regards E.

[jeffian] 08/12/2005 10:13

Haven't been around for a while. Why's the graph looking like a coma patient?

Regards, Ian

[arthur_lame_stocks] 28/11/2005 11:45

Did anybody go to the AGM? Is there anything worth posting?

[lbo] 13/11/2005 17:10

Who said nobody was allowed post??? Of course everyone is allowed to post, just like everyone is allowed to question the reasons why people post certain views. QUID PRO QUO

[hugepants] 07/11/2005 13:02

LBO, The argument that if you dont hold then you shouldn't post is complete rubbish.

[lbo] 07/11/2005 09:21

The Times


Rumour of the day

Alchemy Partners, the private equity firm, is understood to be in exclusive talks to acquire the entertainment division of Luminar, the bar and nightclub operator. The division, thought to be worth more than £100 million, was taken off the market during the summer after Luminar failed to get a price that was high enough. It comprises the Jumpin Jaks and Chicago Rock Cafe brands.

[lbo] 03/11/2005 09:24

LOL!!! Its all doom and gloom! I wonder why your here at all.

I know why I am here but instead of wasting space on the thread it might be better to wait and let what I think will happen do all the talking.

[jeffian] 02/11/2005 23:28

LBO,
It may be that they are able to unload Barvest onto someone else but the trading performance has followed exactly the path I have been predicting (on the earlier thread) since 2003. I don't know about the Parkdean takeover, but I do know that it was a profitable and growing company with real freehold property assets - unlike Barvest.

A_L_S,
The problems which Barvest are causing the parent, AVA, are already apparent. The Barvest tail is wagging the AVA dog, causing an underlying profit (almost all from interest from cash in the bank!) to disappear into an overall loss. They're producing trading losses, they're bleeding cash, and if they carry on like this they'll need a further capital injection. Whilst AVA may not have 'guaranteed' any debt, they may find themselves in the uncomfortable position of having to choose between throwing good money after bad or letting the subsidiary go down the plug.
(jeffian - 15 Jul'04 - 12:57 - 201 of 245 edit

......In the meantime if, as I suspect, Poo Na Na comes back cap-in-hand for more money, I strongly recommend shareholders to resist.)

Regards, Ian

[arthur_lame_stocks] 02/11/2005 12:24

It does seem that they can't sell Barvest, because they've been trying for a hell of a long time. But whether Barvest can cause the parent any problems probably depends on the extent to which they've guaranteed the debt and such like.

[lbo] 02/11/2005 11:16

Funny thats what I was told on Parkdean before the takeover was announced. My advice to you Ian is lets wait and see the final outcome before we get into "I told you so".

Regards
LBO

[jeffian] 02/11/2005 09:54

Remembering my little exchange of views with LBO back in May about Barvest, I'm tempted to say 'I told you so'. The figures are horrible, the market's not getting any easier, they can't sell it (and Luminar have also announced today that they can't find a buyer for their Entertainments Division) and it is in the nature of these things to require more and more cash (fashionable bars need continued capital investment to keep them fresh). I don't know anything about AVA's other investments but I do know about pubs/bars and I've always said that AVA walked into a business they didn't understand just as that market peaked. It's got the potential to cause them a lot of pain. As an old ECI investor, I tried to get them to return cash to investors when they had the equivalent of 350p cash in the bank and sold when they told me to get lost. Most of the faces in the boardroom are different now, but I see they're still destroying shareholder value!

Regards, Ian

[currypasty] 02/11/2005 09:02

Avanti Capital narrows FY pretax loss, seeks new share buyback authorisation

LONDON ((AFX) - Avanti Capital PLC said its pretax loss on ordinary
operations for the full year to end June was 480,000 stg, compared with a loss
of 671,000 stg a year earlier.
Full year basic loss per share was 1.46 pence, compared with a loss of 8.79
pence last year.
Avanti Capital said it made a profit of 882,000 stg before exceptional items
and excluding the consolidation of Barvest, compared with 716,000 stg a year
earlier.
The consolidated loss on ordinary activities for the group was 346,000 stg.
Avanti Capital said it will seek authorisation to buy back shares equivalent
to a maximum of 15 pct of the current share capital, at the forthcoming AGM.
[e-mail]

[currypasty] 26/10/2005 11:42

19/10 last year...

finals for period end 30 / june... so theyhave till 30/dec to release them

[growbag] 26/10/2005 11:24

fine. but where are the results?

[lbo] 24/10/2005 15:21

Some interesting people turing up on the share register. Reminds me of what happened at Parkdean recently

[arthur_lame_stocks] 21/10/2005 15:57

Another new holder (I think!)



Have a look at their factsheet.



Quite an interesting investment criteria. I wonder if there might be some shareholder activism here soon. We might even see Laxeys back if the price keeps falling.

[adam] 18/10/2005 13:22

It can't be bad news, as there is potential they may get activist.

[arthur_lame_stocks] 18/10/2005 11:51

Interesting news. Moorfield appear to have an investment in Monstermob. I'm not sure how much as I haven't had a chance to check. Are there any synergies between MOB's business and MBlox? Could this be the reason for their interest? I can't see it being PoNaNa since they don't own their properties.

[currypasty] 17/10/2005 18:13

takeover bid ?

[currypasty] 17/10/2005 18:12

"The corporate strategy is to acquire properties, property-related opportunities and asset rich companies in the UK where active corporate, asset and financial management is ecpected to enhance both income and capital returns "


What will acquire?

Moorfield believes that there are four primarty areas where it will find investment opportunities:

Assets needing active asset management.
Assets sold as part of a corporate disposal programme or corporate mergers/ acquisitions.
Assets resulting from reorganisation and consolidation of businesses and funds.
Assets in emerging property markets.

[adam] 17/10/2005 18:01

Seems to be part of Moorfield Group

[hugepants] 17/10/2005 16:55

Someones bought 10%