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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Avanti Cap. | LSE:AVA | London | Ordinary Share | GB0033869347 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.50 | GBX |
Avanti Capital (AVA) Share Charts1 Year Avanti Capital Chart |
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1 Month Avanti Capital Chart |
Intraday Avanti Capital Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 28/1/2021 | 17:54 | AVANTI CAPITAL - moving strongly forward | 667 |
| 13/2/2005 | 11:34 | The Real Potential that is Avanti | 245 |
| 12/1/2004 | 10:45 | Avanti stitch up? | 38 |
| 23/10/2003 | 20:59 | The "expert" John Size | 1 |
| 03/10/2003 | 14:25 | AVANTI - Hot and ready to trot? | 99 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 25/8/2016 08:17 by langland Bizarre trade today. Share are indeed ex div ( I checked with broker Panmure Gordon) so have been fortunate to offload at equivalent of 33 average. |
Posted at 22/5/2016 14:13 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 16/5/2016 10:50 by eezymunny FWIW my sums suggest they'll have c 32-33p/share that, hopefully, will be distributed as per their plan. |
Posted at 16/5/2016 10:44 by eezymunny From the AR - suggests to me that 40% will be payable but it's not entirely clear. It was provisioned at 40%, so I assume all the relevant hurdles have been met with prior disposals."The company and its subsidiaries entered into an investment advisory agreement with Odyssey Partners Limited (“OPL”) in October 2008, which was amended in November 2008. The principal terms of the investment advisory agreement are that OPL, a company controlled by Richard Kleiner, provides all of the functions previously carried out by the executive management team in respect of the group’s portfolio. OPL bears all of its internal overheads and was paid a fee of £145,200 per annum which is equivalent to 2.37% of the company’s asset value as at 30 June 2015. In addition, OPL has a carried interest by reference to the realisations achieved in relation to the assets. The threshold, after which the carried interest becomes payable, is based on realisations of not less than £6.6m or 82.5 pence per share (based on the issued share capital of the company on 30 November 2008). There is a hurdle of 6% per annum to protect the company from the effects of time in relation to the realisation of the portfolio. Once realisations are achieved in excess of £6.6 million, provided that the return to the company would be at least that amount together with the hurdle, then in relation to any excess, OPL will be entitled to 25% of such excess up to £9.1m of realisations or 113 pence per share. OPL’s share will be increased by 5% for each £2.5m in excess of £9.1m up to a maximum of 40% for realisations in excess of £14.1m or 176 pence per share (refer also to note 22 on page 42 to 43). As part of the arrangements to preserve the company’s cash assets, an agreement was reached with OPL, the investment adviser, such that with effect from 1 July 2015 OPL’s management fees are to be deferred until there are realisation proceeds from the remaining assets held by the company" |
Posted at 16/5/2016 08:20 by brwo349 The provision for the carried interest will not be payable to Octopus because mBLOX was sold at a loss.At this stage I expect 40 pence per share to be returned to shareholders. FROM THE INTERIM RESULTS The above figures have been arrived at after including a fair value adjustment in the carrying value of the investment of £1.33 million and a consequential reduction in the provision for the carried interest of £530,000 or 6.60 pence per share. Also included is the provision for management fees of £79,000 or 0.98 pence per share. The payment of such carried interest and management fees are dependent upon the realisation of the individual assets and, in the case of the carried interest, being at values which are, at least, equal to the values stated in these interim results. |
Posted at 13/5/2016 12:05 by orinocor the market cap of ava |
Posted at 13/5/2016 11:46 by orinocor just did some research.AVA had 7.9% in 2006 when they contributed to a $25M fundraising Since then I can only see one other fundraising which was in 2008. AVA did not participate. $22M was raised. I think whelan is broadly right then in estimating 7% but do not take my word for it. 7% of $115M is a lot more than £1.5M! |
Posted at 13/5/2016 11:42 by whealan AdamThat is very good news and worth the long wait. Do you have a handle on the numbers? My memory tells me that we have about 7% of mBlox. The current written down book value of £3.1m equates to 39p per share according to the interim statement. The acquisition is however debt free and I don't know how this might affect the net value of our share of the sale proceeds. There will also be a carried interest adjustment. Before adjustments for debt and carried interest the mBlox holding would be worth a gross value of around 70p per share if I'm right about the 7%. Do you think this is the right ball park? |
Posted at 13/5/2016 11:14 by snape Looking back AVA owned c.7% of Mblox a while back though this may now be lower. Surely this will bag when the RNS comes out? |
Posted at 13/5/2016 11:14 by orinocor what % do ava have of mblox? |
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