Avanti Communications Share Discussion Threads

[tsmith2] 24/2/2011 16:46

posted on share crazy..

no idea if he's put one up on his website

[leluot2] 24/2/2011 16:46

Good point tiswas

Must be nice to be a rich fool.

I'm just the fool!!

[greyseal] 24/2/2011 16:45

tsmith..... presumably that is an update from TW?

[yorgi] 24/2/2011 16:44

Leluot I have removed my email add now as I assume your are not interested.

[hywel] 24/2/2011 16:44

Thanks for sharing that tsmith. Back up to 600p by the end of next week anyone?

[tiswas] 24/2/2011 16:41

I am sure EK must feel a proper fool, what with nearly another 10% gain on his short today!

[gekks] 24/2/2011 16:37

I bought again this morning at £5.24 and again now at £4.94 . ADVFN shows volume of a million shares traded - thats barely over 1% of the company yet it drops > 9% - something doesn't add up

[tsmith2] 24/2/2011 16:35

shorting on the basis of being out by a decimal place could be harmful to your finances..


Was hoping to buy at 5.25p but got in for less!

Yesterday was also a fun day for Avanti Communications AVN). Evil Knievil went publicly short posting comments on ADVFN (I refused to run them on t1ps as they contained just too many factual errors). What I had not realised was that his calculations, such as they were, had a decimal point in the wrong place. His informant was clearly illiterate (the note EK posted was strewn with errors) and also (see below) technically clueless. I had not realised at the time that he was innumerate as well. An interesting combination for someone purporting to be an investment analyst. What with also confusing MegaHertz and MegaBits the sums were – not to put too fine a point on it – all wrong. But once the old boy has an idea in his head there is no stopping him so off he went. Call me cynical but there was only one way to react – we bought a stack more Avanti for the SF t1ps Growth Fund.



Now some CEOs huff and puff and threaten lawyers when Evil goes off shorting and publishes factually incorrect material in support of his claims. But David Williams of Avanti has more style than that. A Welshie with style and flair, whatever next. Williams responded by buying £100,000 of Avanti shares in the market (his chairman also bought £50,000) – which is a material sum for him. But as a coup de grace he asked me to pass on a note to Evil:

Dear Tom

Please extend an invitation to lunch in Shoreditch on my behalf to Mr Cawkwell. His informant, whom I presume is not an astrophysicist, got his decimal point in the wrong place and as a result I was able to buy £100,000 of shares at the wrong price so it seems polite to thank him.


David


That is pretty cool as you would expect from a CEO based in Rivington Street (Avanti's offices are in the street after which RSH is named). A few more shorts on the basis of maths with decimal points in the wrong place plus a stream of factual errors and Evil will start to need free food if he is not to waste away.

[leluot2] 24/2/2011 16:35

Malcolm & Co - after the last few days trading I dont think you can safely predict anything anymore.

There was always the danger of serious problems with the satellite but the news has all been good.

It is impossible to find suitable words to describe the events of the last few days but after a fall of 60 points today surely the company cannot remain quiet?

I expect a statement BEFORE the opening tomorrow or maybe we should fear the worst?

[yorgi] 24/2/2011 16:33

Let me know when you have my email add then I will remove

[geheimnis2] 24/2/2011 16:33

leluot - are you in these?

[greyseal] 24/2/2011 16:32

DW's purchase yesterday has just cost him the best part of £10k in one day. Would like to hear what he has to say about it.

[yorgi] 24/2/2011 16:31

Leluot would you like to email me

[bookbroker] 24/2/2011 16:31

If they are so cheap, the question is WHY!!!!!!

[malcolmmm] 24/2/2011 16:29

These really are looking cheap I am very tempted to sell other holdings and buy at these levels, I can see the share price back at 700p in a couple of months

[leluot2] 24/2/2011 16:29

At this rate you will buying at 395p tomorrow.

What a day!!!

[bongo bwana] 24/2/2011 16:28

OUCH!!!!!!!!

[leluot2] 24/2/2011 16:27

When I think of how much I paid to be told to put my savings securely into AVN - I am not short of targets!!!!

[tday] 24/2/2011 16:27

Just dipped a toe in at 495.46p for 1,100 shares.

Foolhardy or great judgement. Only time will tell.

[christianf12] 24/2/2011 16:25

At least Tom Bulford won't be sending us that tech dynamite email every 2 minutes now, he will be to embarrassed!

What share price did EK short at?

Simon, do you have a target?

[yorgi] 24/2/2011 16:23

Makes one feel that way I agree :-(

[leluot2] 24/2/2011 16:22

When a share falls £2 in 2 months on the back of massive support, New Year tips and great RNS's - I think I GIVE UP!!!

[yorgi] 24/2/2011 16:22

I admit I didn't think we would see 600p again when we were at 700p let alone sub 500p !!!