Avanti Capital Share Discussion Threads

[adam] 27/6/2008 11:54

Ecelectic: Are they keeping their heads above water? Recently they opened a new bar in Reading called Sakura on the site of the old Fez, allegedly (press report) costing £1m.



Reviews seem good. No doubt the sector is experiencing a blood bath, but Ecelectic management apparently very capable so will be interesting to see mood music.

There will be an update before June end, so either today or Monday.

[nick faldo] 27/6/2008 11:01

The biggest indicator that this could fall further is noted by quite simply looking at who started teh thread, imv.

[jeffian] 27/6/2008 10:57

adam,

"it is in the books for the money they lent it!" but if you go to the last balance sheet you will see that even that is being eroded by trading losses and things can only have got worse since December 07 as current trading updates from Regent Inns and Premium Bars (formerly Ultimate Leisure) indicate. I've never had a clue what their other investments may be worth but, like Arthur L-S, have warned of the ability of this one to completely undermine any good things elsewhere. Eclectic Bars currently account for nearly half of total NAV/share so there's still the potential for significant further falls from here.

Regards, Ian

[adam] 26/5/2008 23:20

it is in the books for the money they lent it!

[arthur_lame_stocks] 26/5/2008 11:45

Just had aquick look at the interims for this for old times sake.

Their NAV must be seriously overstated. I can't believe that Po Na Na is worth anything like its book value.

That was a disaser of an investment. Do you remember when they bought it, they thought they were going to put in a couple of million quid and make a quick turn on it and now years later thanks to their own pride they've pumped millions into a business that has no assets and makes no profit.

They should have dumped it when it was obvious it hadn't worked outand save shareholders a load of cash.

[hugepants] 15/5/2008 10:49

Yeah not for the faint-hearted. Computer acceleration should be a no-brainer but not based on revenues so far!
Already hold VDI.

[adam] 15/5/2008 10:24

thx. cash burn though is scary. have a look at VDI.

[hugepants] 08/5/2008 15:20

Adam
Clearspeed Technology (CSD). Currently buy at 17p (bid price). 32p net cash as at last results. Might be worth keeping an eye on.

[adam] 12/2/2008 17:12

mBlox Launches Global WAP Billing Platform

[adam] 11/2/2008 18:25

added nearly a customer per day in 2007, 40% growth, 2b transactions, and 50m unique customers.

There was a recent fund raising. Management tight lipped. I suspect done at not a massive premium to current value as pointed out to me that if significant difference would need to be announced.

[adam] 12/12/2007 11:23

Rebtel looks like a good service - they use mBlox too....

[pachandl] 06/11/2007 16:03

Avanti Capital FY loss widens; says has enough finances for foreseeable future
AFX


LONDON (Thomson Financial) - Avanti Capital PLC said it has 'reasonable expectation' of having adequate finances to continue operating for the foreseeable future, as it reported a wider full-year pretax loss.

The private equity company reported a pretax loss of 4.3 mln stg for the year to June 30 compared with a loss of 2.8 mln the year earlier, and net assets were 13.4 mln stg compared with 14.8 mln.

It added it intends to continue its share buyback programme, having paid 675,215 stg in the year under review.
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Not going to set the world on fire unfortunately - but generally expected.

[clint2006] 03/11/2007 10:36

See posts 221, 300 and 302 to answer if mblox profitable? Been profitable since 2002!

[adam] 27/10/2007 17:46

The question is what will the value crystalised to Avanti be?


""Our tremendous growth is, in part, due to the healthy expansion in the overall mobile messaging industry," said Steve Livingston, CMO of mBlox. "mBlox signed up nearly a customer a day in 2007 so far, proving the constant development of new SMS and PSMS applications, and immediate adoption of these services by end users."
To accommodate the demand for text-messaging services, mBlox has expanded its Sunnyvale headquarters and its Sydney office, opened a New York office and hired 85 new employees"

Are they profitable? Will they IPO?

[clint2006] 25/10/2007 00:44

Hold onto your seats, the ride is about to start for mblox!

[clint2006] 23/10/2007 11:28

Mblox potential value could soar. Signed 200 new customers last year. Empolyed 85 new employees. Expanded offices in Sunnyvale and opened new offices in New York.

[adam] 14/10/2007 17:11

Yes fine, but Espresso is only in the books at 4p (==£320k), presumably then AVA do not have a big % of the Espresso group.

[clint2006] 13/10/2007 12:14

Expresso triples revenue to £7.5m between 2004 and 2006 providing services to 7000 schools.

Now 2007 and providing services to 10000 schools, gives potential pro rata revenue stream of £9.75m for 2007.

Another asset growing substantially in value?

[adam] 11/10/2007 12:44

Eclectic Bars opens refurbished Po Na Na Lincoln as Sakura; company aiming for rapid expansion
9th October 2007



Eclectic looks to triple in size
09/10/2007 11:12
Written by: Paul Charity

[pachandl] 20/8/2007 17:04

The Company was notified on 17th August 2007 by Mr Raymond J.R French ('Mr
French') acting in his capacity as director and a 50% shareholder of Sky Hill
Limited and the manager and director of Kappa Alpha Limited, that Mr French has
a notifiable interest in 617,505 shares in the Company, representing 7.7% of the total voting rights of the Company.

[clint2006] 12/8/2007 12:16

Avanti Capital Eclectic bar business shows potential for organic growth and growth by aquistion.Good news at last for this beleaguered asset?

New venue in Lincoln (Sakuru) to open soon and rumours of possible aquisition.

See link below

[hugepants] 04/6/2007 13:12

I only see mdoest upside in LIV and I sold out when it was still EOL. GNE looks more interesting, prob worth a closer look

[adam] 04/6/2007 11:07

p.s. also bought some GNE today. Have held a very few (5k) for a while at a loss, just bought 20k at 102. Tipped again by Cawkwell.. he has a large holding. Seems to be getting tidied up a bit and directors buying. Complicated with Russian baggage, good asset backing... retail petrol stations. NAV £18m, m/cap £14m.