|Since TW allegedly wrote to the FRC about AVN has there been any feedback from the FRC to date ??
The 4 Companies I have Reported to the FRC - the common thread for Quindell, Eden, Avanti and Servision
Published 402 days ago
I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?|
|It would be good to see another take over offer here, bought a few this week.|
|Signs of corporate activity in the satellite market : hxxp://www.satelliteindustrynews.com/merger-mania-3/|
|Makes you wonder if dice1950 is working for a bucket shop all this none stop promotion of stocks that then go on to crash, it's not just random it's everything he pushes
you just cannot be that unlucky. So if he is ramping one of your stocks you know what to do and quick.|
|Is there any borrow left on this?|
|JK - I sold out as their margins are falling and they have massively increased their debt. I thought there was a chance of recovery if they sold spare capacity to another operator to get Hylas 4 off the ground, or agreed a sale of the whole group. There is not much left now for shareholders to make a return.
I also said that I know from experience that Edison sometimes get it wrong i.e. Synchronica which was issuing new shares like confetti.
But thanks for the note - I'll look at it.|
|weatherman and other Avanti bulls,
In may and June last year we spent a lot of time discussing the Edison report. I advocated that it was no better than toilet paper. Others, such as weatherman, suggested that Edison were above reproach, angelic and greater seers than Nostradamus.
Edison have released an update to their figures; their new price target is 109p per share, about a quarter of their uber-bullish (add a "t" for an anagram) 427p from May last year:
They're only about 108p wrong!
|Even if they were selling capacity, the yield has fallen out of the sky at a rate almost equal to the growth of the debt mountain. It's not all doom and gloom - at least David Williams is still creaming it in.|
|But they added Hylas 2b to the original planned capacity|
|I was looking back to see what they used to say about capacity. I seem to remember them talking about 'filling' the sats within a few years. Their latest results talk about 30-35% fleet utilisation! Therein lies the problem, surely? They're not selling capacity.|
The results are dreadful:
Note, for example, how revenue is less than the interest expense! Forget that they need cash after expenses, tax, capex, etc!
|Because their debt to equity is massive, and they are pretty much insolvent, missed targets, and missed pretty much everything you can think off, leadership is simply useless!|
|Not followed these in a long time, thought they were OK, well they were. It seems today after looking at them, they've fallen and fallen, but why?|
|Where is chief Bull, michael the mouse these days ?
typical of him, when it goes down, he goes missing|
|No PUGUGLY, you're not wrong. This company belongs to the bondholders, the share quote for the shareholders is almost pointless.|
|A very subdued outlook statement - so far as I could see no real incentive to purchase at this level - but I am usually wrong !!|
|It would be good to get ome positive news e.g.a second quarter trading update showing increased utilisation and a positive ebitda.|
|Avanti Communications Group plc Update: Avanti Communications Group plc - S&P Lowers Ratings
3 February 2017
Distressed Company Alert
On January 27, 2017, S&P Global Ratings lowered its corporate credit rating on Avanti Communications Group plc to SD from CC and its senior secured notes due 2019 to D from CC. According to S&P Global, the downgrade follows the close of Avanti’s distressed exchange for $708 million of its senior secured notes due 2019. Avanti offered a combination of $497 million amended notes with a payment-in-kind (PIK) toggle feature and subordinated position maturing in 2022/2023, and $211 million of newly issued senior PIK toggle notes maturing in 2021/2022. S&P considers the transaction tantamount to a selective default because they view the combination of amended notes and newly issued senior PIK toggle notes offered to be less than the original promise of the notes.
I hadn't actually realised that it was possible for Avanti's bonds to have a worse credit rating but there you go.|
|Just how old is this news?
Article dated 28/04/16? Sp of 94p mentioned for AVN?|
|sorry for long posts but i thought this might be of interest to some i noticed one post thinks avn are still in bed with facebook not looking good and it looks like viasat ipo is raising money for a fast launch of satellites and they have Boeing on there side if you have time read vsat rns feeds think there clues in for money raising as for avn bleak|
|European Space Agency and ViaSat Partner to Stimulate Growth Across Europe's Space Industry Ecosystem
New Programme Will Bring High Capacity Satellite Products, Applications and Services to Market Quicker, Further Establishes Europe as a Centre of Space Industry Excellence
BRUSSELS (6th Annual ARTES Applications Workshop) - April 28, 2016 - The European Space Agency (ESA) and ViaSat Inc. (Nasdaq: VSAT), a global broadband services and technology company, today announced a new pilot programme called the High Capacity Satellite Applications Factory Initiative ("the HCS Initiative"). This initiative will focus on accelerating Europe's growth as a centre of excellence and innovation in the space industry through the rapid development of new HCS products, applications and services.
A three-year multi-million euro project, the HCS Initiative involves the collaboration of ESA, Member States, industry, universities and ViaSat. The major goal of the HCS Initiative is to simplify and shorten the funding application process to reduce time-to-market for new products, applications and services that can contribute to, or benefit from, advanced HCS systems. The HCS Initiative expects to spur job creation and growth across the European space ecosystem by lowering barriers of entry for start-ups, Small-to-Medium Enterprises (SMEs) and new market entrants, and give large corporations the ability to prosper in the established space industry, which is estimated to be worth over €500bn by 2030.
To kick-off the HCS Initiative, ESA and three Member States: the UK, Switzerland and Belgium will provide €30m in funding, and ViaSat will introduce and manage an online portal, known as the Space Hub. This portal will provide a collaborative space for ESA, Member States and participating organisations to share knowledge and experience; identify potential partners and opportunities; and ultimately produce more effective HCS technologies, applications and services. Projects selected under the HCS Initiative will receive up to 50 percent funding, with assistance from ViaSat that could include technical support on proposal preparation and project execution, program management, test bandwidth and hardware support.
Magali Vaissiere, ESA director of Telecommunications and Integrated Applications commented, "Through ARTES Competitiveness and Growth (C&G), ESA provides broad support for the development and validation of technologies, products, applications and services to maintain and further improve the competitive position of industry of ESA Member States in the global market of satellite telecommunications. The ViaSat Applications Factory initiative is a clear example of how the ARTES Competitiveness & Growth programme can provide effective support to successfully develop products and applications. This initiative will help the ESA Member States and Industry to team up with ViaSat and to quickly integrate and demonstrate their products in the High Capacity Satellite ecosystem of ViaSat as well as across the wider Satcom market."
"High Capacity Satellites are a new breed of technology that is delivering ubiquitous, affordable broadband services to rival cable, fibre and terrestrial offerings. They also deliver services where terrestrial offerings simply cannot compete from hard-to-reach residential or business locations to providing in-flight internet. We believe the possibilities for how to connect people with High Capacity Satellites are endless," said Keven Lippert, executive vice president, Space Systems and Corporate Development, ViaSat. "However to leverage the potential from High Capacity Satellite systems, we need constant innovation, fresh thinking and investment from across industry, academia and government. By partnering with ESA and others on the High Capacity Satellite Applications Factory Initiative, we are making a commitment to energise development and reduce time-to-market for new High Capacity Satellite technologies, applications and services across Europe."
ViaSat's Commitment to Europe
ViaSat is a natural fit for the HCS Initiative, as the Company has led the global transformation in HCS satellite systems and services for nearly three decades. The HCS Initiative represents a key step in ViaSat's ongoing commitment to bring HCS services to Europe. It comes in the wake of ViaSat's recently announced joint venture with Eutelsat to provide residential and commercial high-speed satellite services across Europe and ViaSat's announcement to deliver a dedicated ViaSat-3 class satellite, which will provide more than 1,000Gbps of total capacity over Europe, Middle East and Africa by 2020.
Additional Supporting Quotes
"Satellite services are now a fundamental part of our interconnected global economy. The HCS Initiative represents a fresh approach designed to open up the innovation arena to new players enabling them to build real world solutions and bring them to the market quickly and effectively. This innovative 'match making' will bring the kind of dynamism and creativity to the development of technology, applications and services that should be tailor-made for those with an entrepreneurial approach. The initiative therefore has the real potential to drive economic growth and stimulate job creation and we look forward to seeing that positive impact in the UK economy." - Catherine Mealing-Jones, Director of Growth at the UK Space Agency
"The momentum created through the HCS Initiative is an important and unique opportunity for budding enterprises beyond the space sector. In this collaboration with ESA and national delegations, ViaSat plays an important role of an enabler and catalyst. What was once a start-up seed in Switzerland has become part of a global enterprise that itself enables new ventures. I very much look forward to the economic growth that this initiative unlocks in Switzerland and Europe." - Daniel Neuenschwander, head of the Swiss Space Office
ViaSat, Inc. (NASDAQ: VSAT) keeps the world connected. As a global broadband services and technology company, ViaSat ensures consumers, businesses, governments and military personnel have communications access - anywhere - whether on the ground or in-flight. The Company's innovations in designing highest-capacity satellites and secure ground infrastructure and terminal technologies coupled with its international network of managed Wi-Fi hotspots enable ViaSat to deliver a best available network that extends the reach and accessibility of broadband internet service, globally. For more information visit ViaSat at: www.viasat.com, or follow the Company on social media: Facebook, Twitter, LinkedIn and YouTube.
Forward Looking Statement
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include, among others, statements that refer to the HCS Initiative, reduced time-to-market for new HCS technologies and services in Europe, ViaSat's joint venture with Eutelsat and ViaSat-3 class satellites providing more than 1,000 Gbps of total capacity over Europe, Middle East and Africa by 2020. Readers are cautioned that actual results could differ materially from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: the ability to realize the anticipated benefits of the ViaSat-3 satellite platform; unexpected expenses or delays related to the satellite system; the ability to successfully implement ViaSat's business plan for broadband satellite services on ViaSat's anticipated timeline or at all, including with respect to the ViaSat-3 satellite platform; and risks associated with the construction, launch and operation of ViaSat-3 and ViaSat's other satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; the satisfaction of closing conditions for the Eutelsat joint venture, including receipt of regulatory approvals; the parties' ability to successfully integrate and operate the new joint venture, and achieve expected synergies and other benefits; the ability to attract and retain key employees for the new joint venture; the impact of competition; the ability to develop products and technologies; the impact of changes in the financial markets and global economic conditions; risks associated with the construction, launch and operation of satellites used to supply these new services, including the effect of any anomaly, operational failure or degradation in satellite performance; reduced demand for products as a result of continued constraints on capital spending by customers; changes in relationships with, or the financial condition of, key customers or suppliers; reliance on a limited number of third parties to manufacture and supply products; ViaSat's level of indebtedness and ability to comply with applicable debt covenants; and other factors as may be detailed from time to time in ViaSat's public announcements and SEC filings. In addition, please refer to the risk factors contained in ViaSat's SEC filings available at www.sec.gov, including ViaSat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. ViaSat undertakes no obligation to update or revise any forward-looking statements for any reason.|
|Oddly enough it seems as if the bombastic boss of Avanti Communications (AVN), uber Welsh David Williams is not keeping his poor, and getting poorer by the day, followers up to speed with all the bad news from his worthless company.
We start in his back yard where there is mounting evidence that Viasat, a US based high speed satellite operator is eating Avanti's lunch in Europe. The Yanks have teamed up with the European Space Agency to set up a new High Capacity Satellite initiative to bring products to market.
Avanti used to be the darling of the European Space Agency. It paid for a big chunk of HYLAS 1, sold the Artemis satellite to Avanti and is the partner on HYLAS 3. It seems a huge blow for Viasat to come in and take over. Projects selected under the HCS Initiative will receive up to 50% funding, with assistance from ViaSat that could include technical support on proposal preparation and project execution, program management, test bandwidth and hardware support. It's unlikely that Avanti'll get a look in against a competitor or want to pitch for any of the business. Hmmm, not goode news for the bombast - you can read more HERE
Then we move further afield and I see that Luxembourg based SES has announced a deal with Facebook to sell satellite capacity for the next few years in Africa. Again, Avanti doesn't get a look in despite it's claims to be the best in the continent. So much for all those stories about Avanti and Facebook. You can see how Avanti is getting wiped by SES HERE
Shares in Avanti, at 94p, remain a slam dunk sell. Target - when the cash runs out - 0p. - See more at: hxxp://www.shareprophets.com/views/20482/avanti-communications-more-bad-news-it-is-not-telling-you-about#sthash.MiuJfQkQ.dpuf|
|A bit like the moon landing you mean?
I'm sure NASA can advise.|