Avanti Capital Share Discussion Threads

[adam] 04/6/2007 11:01

o/k, not sure about this one, cash pile at end December £8.7m... 26m shares @ 18p = £4.7m --> £4m historic discount. Against which cash outflow for the 6 months to now is (??) ... I guess it is a punt on whether cash outflow is greater and/or their ip has material value, plus if they have lease liabilities et al. I had some PIX and bought some ADA recently. On a NAV basis LIV also mildly interesting and director buying but tainted by sector and large controlling holding of the M.D.

[hugepants] 04/6/2007 10:48

Agree current cash outflow unclear but

"Research and development activity is currently on hold"

£10.5M was spent on R&D last year which was mainly on a couple of phase 2 trials which subsequently failed. Also further cost cutting has been applied so hopefully cash outflow is low now. Potentially another PIX/ADA which yields a short-term 30%-40% gain or thereabouts.

[adam] 04/6/2007 10:40

"Net cash outflow from operating activities in the year was £12.0 million (2005:
£5.6 million)."

[hugepants] 04/6/2007 10:26

In case anyone missed this one. Evolutec(EVC) - 18p to buy, Net Cash 30p. Currently in takeover talks with several parties.

[clint2006] 27/5/2007 10:51

Seems to be some jostling for stake position within company of late. As of mid April Mr Raymond J.R. French increases control to 5.19% of total shares of company through Sky Hill Ltd & Kappa Alpha Ltd.

Shortly after Fellerman, Kliener and Crawford increase share of stake to around 5.5% each.

Given that AVA is listed on this site as No. 1 potential target for asset strippers and takeover suggest to me that book value of some of portfolio companies are understated. Could This be first signs of potential buyout and breakup?

Opportunists?

Need share price to rise to reflect true value of NAV or the rug could be pulled from under small stake holders again!

Some questions need to be asked. Does book value statements in last accounts vastly understate true value of NAV of the whole? Given mblox success (40% increase in business), all bad news for Barclubs factored in, and Expresso moving on through aquisition and organic growth.

Alarm bells starting to ring, what does anyone else think? (Just paranoia?)

[adam] 22/5/2007 08:24

This is intresting re mblox...

[adam] 16/5/2007 16:49

Over 700k traded 404,189 sold at 130p... must be Electra selling up as they held exactly this. Also, another 124k sold at same price. Presumably this new holder Kappa Alpha fund are the buyers. They seem fairly activist so might be some fun and games.

[arthur_lame_stocks] 22/4/2007 11:41

Maybe they wanna be close to some plastic surgeons just in case they need to do a runner to Brazil after Barlocks goes under for the umpteenth time.

[adam] 19/2/2007 11:41

authority was renewed, but could be in closed period.

[hugepants] 19/2/2007 09:29

Its upward movement Jim......but not as we know it.

[kickoff3pm] 17/2/2007 12:05

Filter rogerthelodger2 by clicking on his name on the index page this will allow you to use this forum again.

KO.

[Abuse team] 17/2/2007 12:04

Post removed by ADVFN

[clint2006] 17/2/2007 11:57

Original buyback authorisation allowed the company (AVA) to buyback upto 15% maximum of the no. of shares in issue (apprx 8.333m). By my calculations and since the authorisation came into effect, AVA were already close to the maximum, prior to yesterdays trades.

Given that, approx 4.2% of the companys shares were traded yesterday, can these trades really be buybacks?

Or is somrone buying equity on the cheap, based on something they know?

Interested to know yours or anyone elses thoughts?

[adam] 16/2/2007 14:39

A lot of trade volume today. May be more buybacks...

[clint2006] 15/2/2007 00:01

See 50 To Watch List link in first article below. Page13

the ranking

12
m Blox
Andrew Bud
£21.7m
Processes bills







Interested to know what you mean by operational gearing?

Would expect operational overheads in what is essentially a services company to be low as a prportion of revenue.

Also backed by private equity funds, so cannot see any interest charges draining cash.

[adam] 14/2/2007 12:27

where did you get the £21.7m from? [i see now from companies house... but that was 2005]

Also note
"2006 was the fifth consecutive year of high growth for mBlox, with business up 40% over 2005"


Hence revenue £40m, gross profit over 30%. You can expect high operational gearing and possibly now a move into profit. I agree looks like preparing the ground for a float or trade sale. book valuation from AVA accounts is 65p share for 7.7% = £75m

[clint2006] 14/2/2007 12:09

Announcement today of the appointment of Simon Duffy to the board.

Does anyone else get the feeling mblox are gearing up for something big?

Float or aquisition maybe?

Revenue to mblox of £21.7m in 2006 on $500m of business transactions through their network.

[Abuse team] 12/2/2007 18:33

Post removed by ADVFN

[lbo] 12/2/2007 18:33

mBlox Processes 1.4 Billion SMSs Worldwide


The messaging interconnection firm, mBlox has announced a record number of off-portal transactions for 2006, processing over 1.4 billion application-to-person transactions worldwide. 2006 was the fifth consecutive year of high growth for mBlox, with business up 40% over 2005.

In the USA, the number of premium SMS transactions mBlox processed increased 100% over 2005, and globally mBlox cleared and settled payments for mobile content transactions worth more than $500 million in street revenue.

"These numbers demonstrate the huge vitality of the direct-to-consumer market worldwide," said mBlox executive chairman Andrew Bud. "They also position us as the worldwide leader in the transmission, clearing and settlement of off-portal content. The scale of our network enables us to serve the vast global community of brands and service providers who are discovering the real potential of the mobile medium. We are excited about growth in 2007, when more enterprises will start to fully embrace the mobile messaging medium. We also look forward to the proliferation of 3G, together with carrier innovations like WAP billing and wholesale data which will open up great new market opportunities."

[hugepants] 31/1/2007 17:37

Buybacks continue


Lets hope the share price continues to drop then!

[adam] 25/1/2007 09:14

mBlox Appoints Steve Livingston Chief Marketing Officer

[adam] 22/1/2007 14:00

Thx - made announcement today
#25M CONDITIONAL EQUITY RAISING AND WHITEWASH RESOLUTIONS

[lbo] 22/1/2007 13:32

Ultimate Leisure looking to buy rivals

16 January, 2007

By Hamish Champ

Group ready to snap up businesses as well as individual sites

High street bar operator Ultimate Leisure expects to be in the market for rival operators as well as individual sites in 2007.

Speaking as the group announced that its like-for-like sales for December were one per cent up on the previous year, Mark Jones, the group's executive chairman, said the group had ambitions to buy businesses to add to Ultimate's estate in the coming year.

"We've looked at a number of businesses in the past and have bought on occasion, including Prohibition and our activities in Belfast, so it wouldn't be the first time," he said.

Jones was speaking as the group announced trading had been "satisfactory" over the Christmas and New Year period, although he warned that the market was "still pretty tough, so we're pleased to have recorded a positive like-for-like figure".

He added that business wasn't helped by the bad weather over the New Year period.

Moving forward, Jones said he expected Ultimate's refurbishment programme to be finished by Easter, while the group still had a "small number of sites to sell", as well as actively seeking to acquire sites.

"We're looking at individual bars but also larger groups," he said.

The arrival of non-executive director Alka Bari, a former director of Close Brothers Corporate Finance who has previously advised Regent Inns and Yates, would boost Ultimate's chances of snapping up rival operators, Jones said.

"There are a number of privately-held companies out there who might be looking to sell because of the state of the sector. We've got the desire on the board and the support of the banks to do appropriate deals," he said.

Jones added he saw "no sign of a slowdown in mergers and acquisitions activity in the industry in 2007

[hugepants] 02/1/2007 08:36

More shares bought back