Avanti Capital Share Discussion Threads

[adam] 02/11/2010 13:02

By way of balance I would like to point out that the progress at mBlox is nothing to do with Avanti management. Eclectic Bars too has its own day to day management.

Where Avanti Capital management, i.e Fellerman, Kleiner and Crawford can claim credit is where the decisions are made by them.

Medcenter

Tue 07/11/2006

In July 2006, the company participated in a further fund-raising round of US$6m for its pro rata share at a price of US$3.80 an uplift of about 15% on the company's original investment in June 2005



Mon 01/11/2010

the board have taken the view to make a full provision against the carrying value




Ooops.


NAV June 2003 £19.5m
NAV June 2004 £18.6m
NAV June 2005 £17.9m
NAV June 2006 £13.4m
NAV June 2008 £11.4m
NAV June 2009 £10.3m
NAV June 2010 £10.8m

[hugepants] 01/11/2010 22:27

I note the final results were released this afternoon. Made a profit of £0.5M (last year £0.1M loss) with NAV increasing by 1p to 151p. Market cap at 72p is £5.8M


Results look good to me especially the performance of eclectic bars. Theyve obviously got a formula that works.

"For the 52 weeks ended 27 June 2010, the company EBITDA and the site EBITDA were £1.982 million and £3.727 million respectively increases on 2008/09 of 59% and 30% respectively."

Sales continuing to increase after the year end.
"For the 15 weeks since the beginning of July, like for like sales are up 6.9%,.."

The stake in mblox looks like its between 4.5% and 5%. Theyve valued it at 76p versus 64p last year.

[hugepants] 13/10/2010 19:12

Didnt see that adam. Thanks. I assumed the rise was just due to the sector being bouyant.

"Using Vodafone India as a proxy, Power estimates that the deal could add $15.2 million to $30.8 million to Motricity's annual revenue. The company went public earlier this year."

So it could be worth 30% extra revenues. I wonder if being a public company gives them an advantage when tendering for deals like that.

[adam] 13/10/2010 18:26

Could be considered bad for mBlox as looks like a key market win.

[hugepants] 13/10/2010 17:20

Motricity now doubled from IPO price. Given mBlox and Motricity were being mentioned in the same terms any chance AVA will write up their valuation of mBlox now. Final results due beginning of November.

[hugepants] 12/10/2010 17:26

Motricity share price well up again. Now 50% above IPO price and capped at over $600M (after raising $50M at IPO)

[hugepants] 06/10/2010 08:03

October 05, 2010 08:01 AM Eastern Daylight Time


..."Mobile phone penetration in the U.S. is now catching up to the UK and mBlox is experiencing a hockey stick effect in growth for business-to-consumer messaging. Businesses are beginning to give their customers the option of how they want to communicate with them and increasingly consumers are realizing the power of mobile messaging."

[hugepants] 06/10/2010 08:00

Interesting thanks. I don't know why they slipped the moths refernce into that article. Moth I is the best.

[jeffian] 05/10/2010 21:46

"....the 11 moths to the end of May on last year." (Sorry, 2 missing!)

8-)

[hugepants] 05/10/2010 20:26

Sept 2010



..."As one of the only operators consistently succeeding in the current trading environment, we are delighted to be able to open these three new venues in quick succession," said Reuben Harley, managing director of Eclectic Clubs & Bars.

The company announced in June that it had delivered EBITDA growth of 57% for the 11 moths to the end of May on last year.

[hugepants] 04/10/2010 20:56

This lot dont seem to be in any hurry to pay back the loan to Avanti. Spending £1.8M on 3 new venues.



Eclectic Bars to Launch Three New Venues
September 15th, 2010

Eclectic Clubs & Bars will spend £1.8m opening three new venues in Norwich, Oxford and Manchester before the end of the year...

[hugepants] 29/9/2010 11:52

Motricity up 70% in a month.

Maybe with the iPhone and other smartphones aggregators will become less important and SMS will go ex-growth.

Did you read this adam?

Published on Monday, September 20th by Cian

[adam] 28/9/2010 17:54

p.s found this

[adam] 28/9/2010 17:27

IF

Technology has a habit of changing and becoming obsolete.


Maybe with the iPhone and other smartphones aggregators will become less important and SMS will go ex-growth.

I don't know, but would like to see exit on the two main investments.

mBlox is I believe the last independent large aggregator. It could be that Amdocs or the like might have a renewed appetite, so maybe mBlox will not get to do an IPO?

They seem to be doing very well so from your lips to god's ears.


By the way. I bought some Luminar. They are a bit of a basket case, but I think there is a good chance they could get out of trouble. It is notable that Eclectic Bars has been doing well and Luminar has not. I think that could be just because it was not managed well, and other issues like poor marketing, onerous leases, some venues inappropriate. New management, change in marketing now so that could change. Also they have some freehold. To some extent I bought becuase if they do compete with Eclectic then I should gain on the swings what I lose on the roundabout. They are priced for failure, but are still within covenants and directors have been buying. Obviously high risk.

[hugepants] 28/9/2010 15:35

Motricity is now 25% above its IPO price.


Bodes well for mBlox if IPOs soon.

[liarspoker] 20/9/2010 19:29

HP - I may have something of interest for you. Just leave your email here and I will forward it.

If you read this after 9 pm then I will be offline.

[hugepants] 20/9/2010 19:23

I see Bango (BGO) is up nearly 50% in a couple of weeks. In fact share price has nearly quadrupled since beginnning of the year. They are also involved in mobile billing.

[adam] 24/8/2010 06:56

Lola Lo - continuing roll-out to Oxford at the old PoNa Na



Also I believe the loan notes to Eclectic Bars from Avanti are now due.

It will be interesting to see if they can be repaid with bank finance now.

If not, I think shareholders are entitled to expect a more commercial rate of interest now that Eclectic seem to be trading well. Some of the notes have 0% interest.

[adam] 20/8/2010 11:51

DataCash



Dark became involved with mBlox in somewhat unusual fashion as he sought to acquire the company while still CEO of DataCash Group Plc, a publicly traded processor of secure Internet payments. Dark thought mBlox was a phenomenal company that would be a good fit for DataCash. However as DataCash began exploring the idea, it realized that such a deal would be "difficult" and "detrimental" to DataCash, given its market value.






I guess that deal would be a lot less "difficult" now.

[hugepants] 18/8/2010 13:19

Hirco float price was £5 and they raised £4.50 per share.
I beleive the Burke companies have a small amount of net cash each (from the hirco thread a few months back). Most of the money from the floatation went into buying land and starting the developments. I think the plan is to keep building the townships by selling completed buildings and also using cash from deposits.

[adam] 18/8/2010 12:42

p.s. the directors' shareholdings are mostly pathetic

Liberty Hedge Ventures1 2,526,984
David Burton 25,000
Adele Gardner2 15,000
Sir Rob Young 15,000
Nigel McGowan 5,000

1 An offshore company controlled by a discretionary trust of which
certain members of the Hiranandani family may be beneficiares.
2 Wife of Douglas Gardner.

If it is such a massive discount to NAV you would expect heavy directory buying.

For all the flak I give Avanti directors - well deserved IMHO. They have at least piled in when it was cheap.