Avanti Communications Share Discussion Threads

[yorgi] 20/6/2011 12:31

Very well said Chrissey, very much sums it up.

[chrissey] 20/6/2011 12:22

its interesting that Numis can commit the equivalent of slander and probably walk away with nothing other than an apology and a dented reputation.

so much for integrity and professionalism.

I note that SC is also very frequently the first to accuse others of such wrongdoings yet is happy to take his pieces of silver on this one, I think his views are based on which side of the deal he sits!

Judas!

[blackberrydrop] 20/6/2011 11:49

The story on page 3 in the Daily Telegraph today shows that the whole bear raid was based on misinformation.

[pojscott] 20/6/2011 11:15

Directors buying--S K out of shorting--and the share price still going down down down!!! A hard stock to stick with!

[sg31] 20/6/2011 10:50

Not really.I suppose it depends on your timescales. The decision to invest in shares or currency should be a strategic consideration. Intraday shareprice movements aren't relevant in those terms.

I wasn't questioning your decision just interested in why you thought moving to cash would protect you. I don't think holding £UK will. A basket of currencies possibly could.

[pixi] 20/6/2011 10:24

sg31 - 17 Jun'11 - 19:08 - 6017 of 6022


pixi,why do you think cash is safe?


Perhaps the shareprice action today confirms what I said?

[greyseal] 20/6/2011 10:13

I am very surprised with the share price reaction considering SC has now closed his short. I was expecting quite a considerable uplift!!

[yorgi] 20/6/2011 08:36

I doubt we will here SK apologise for making £100k on the back of flawed information.

[jimbo55] 20/6/2011 08:06

sg31, I am playing the safe haven game via a combination of foreign currencies, Gold/Silver, and the precious metals miners. The herd may perceive the latter as risky. I see them as safe, in terms of owning a stake in producing companies that are making a fortune at the current Gold price. I see very few threats to the price of Gold in the current chaotic climate. Indeed, I am of the view that we ain't seen nothing yet!

By a similar logic, I also have exposure to energy stocks and am particularly keen on the Uranium sector since the post-Fukishima battering. The World's near-term and medium-term energy problems have not gone away.

Because I believe that forthcoming market volatility will throw up some unbelievable bargains, I am maintaining a hefty cash weighting. I am doing this via a combination of Singapore Dollars, Swedish Kroner, Norwegian Kroner and Swiss Francs. I would not dump the Gold miners I'm currently into though. Why would I want to sell shares in companies throwing off record cashflow and profits - particularly when I believe the product they produce is only going to become more expensive?

You're right though - there are no absolute safe havens in this crazy World we live in. Everything comes with risk attached.

[jeffian] 17/6/2011 19:35

....or shares? Particularly those priced in £ but earning foreign currency? AVN?

8-)

[sg31] 17/6/2011 19:08

pixi,why do you think cash is safe?

If Greece defaults their currency won't be worth much. Ireland will probably default and that will affect UK banks.UK gov will print money to bail out the banks and our currency will drop in value.

There aren't any safe havens if the worst happens. Gold maybe...

[pixi] 17/6/2011 18:38

The directors may know their company, but they do not know anything alse. This market is driven by sentiment and at centre stage is the probable default of a country unable to pay its debts without further loans from the IMF. This may lead to a domino effect where other countries also default on their payments. I feel safer in cash.

[malcolmmm] 17/6/2011 17:35

True , you buy companies not markets, as posted previously am doing well on Ted, INTQ up 100%, PHTM, hopeful on SRT, results next week and Globo looks interesting as does AVN but not yet investing in this one.

[peterblok] 17/6/2011 16:00

Took advantage of today's prices to buy another 8000 shares. If the Directors are putting up their own cash again then I should feel pretty confident!!

[yorgi] 17/6/2011 15:13

Yes it is Pojscott I wish I had funds free to add at this level.

[gorvachof] 17/6/2011 14:40

Backmarker,
A full capacity satellite providing broadband works on a very high contention, so I am not sure how it would be uncongested?

[pojscott] 17/6/2011 14:22

Looking better!!!

[yorgi] 17/6/2011 13:28

Chrissey,

Looking ok would you say :-)

[restassured] 17/6/2011 12:53

Actually I was shocked as to how little he made.

£100,000 is nothing for a serious trader.

The FSA could jail him and fine him millions .


Was it worth the risk?




If they find the link, he is gone.

[argy2] 17/6/2011 12:51

restassured

The guy made 100k. All you can smell is your own insecurity.

[thx1138] 17/6/2011 12:47

Well I smell a buying opportunity.

[restassured] 17/6/2011 12:45

And Cawkwell says he is now closed!!!


Do I smell the FSA??

[restassured] 17/6/2011 12:43

Check this out!!!!!


Numis apologies 'a misunderstanding of the position' of Avanti Communications


17 June, 2011


Brokerage Numis has had to produce the following apology on Avanti Communications (AVN);



Numis has raised doubts about the contract Avanti Communications has with TigrisNet Ltd in widely distributed emails and conversations. Avanti and its nominated adviser have provided the following assurances:

1. Identity. The UK contract counterparty is part of a group of companies under common ownership which in aggregate turns over approximately $15m per annum. TigrisNet Ltd in the UK acts as a procurement entity for the group; it procures satellite capacity and hardware from companies such as Avanti. Its sister companies in Iraq, Egypt and the USA use those services to sell to end user customers, many of which are government ministries or agencies. TigrisNet UK is thus fundamental to the entire TigrisNet group's ability to deliver its services.

2. Creditworthiness. TigrisNet Ltd has excellent credit standing. Avanti took credit references from two longstanding suppliers to TigrisNet, both large multinational companies which confirm the company's creditworthiness.

3. Contract. TigrisNet is not a "reseller" of Avanti's services - the capacity is actually sold. It signed with Avanti an irrevocable, binding contract with no Termination for Convenience rights, obliging it to pay Avanti fixed monthly amounts for fixed amounts of capacity over a ten year term amounting to $27 million.

Numis apologises if the previous communication led to a misunderstanding of the position

[restassured] 17/6/2011 12:36

Agree,I went 60% cash back in march.Going the other way now too.

Those daily negative headlines are a very bullish indicator.One of Soros's favourites.


re Avanti, the CEO commented on 100 million end users as a market.He stated that all the satellites will only be able to service around 3% of them.So plenty of growing space.


Let's get this party started.