Avanti Communications Share Discussion Threads

[wilksey1] 25/9/2012 09:53

25 Sep Avanti... AVN Jefferies International Buy 356.38 347.00 600.00 600.00 Reiterates

[geheimnis2] 25/9/2012 09:46

any more details rogk?

[malcolmmm] 25/9/2012 08:48

Most probably the unresolved dispute with Luxembourg are holding these back,apparently any compromise could seriously dent profits for a small company like AVN ,if resolved in AVN's favour these would fly imo, never a dull moment

[2350220] 25/9/2012 08:36

What was that all about, yesterday?
Was that a classic 'Tree Shake'?

John

[jonnyno1] 25/9/2012 07:44

results end of next week beginning of following, i should think.

j.

[lavagrouch] 24/9/2012 20:13

Camlad, you say "I know that many holders were caught out and surprised when the story broke because the potential issue had not been made known by AVN.", - this is incorrect and this subject got a good airing on this and other investor / industry boards earlier this year, i think it was in April / May.

I am surprised that long term followers were surprised by this issue.

Grouch

[2350220] 24/9/2012 17:04

Good find AE34
Thanks for posting it.

John

[ae34] 24/9/2012 16:23

I think things are a lot more definitive in our favour than suggested in some of the news articles/posts and this is quite apart from the full on support of Ofcom and HMG - I dug out the below article from Talk Satellite over the weekend which includes a full briefing given by the ITU to them - so assuming it really did come from them, then these are the facts. It seems pretty clear that:
1. Th ITU RB has accepted Avanti's filing
2. This ruling was noted at the recent Board meeting i.e. APPROVED
3. Luxembourg have complained but their complaint has not been considered.

Therefor it seems that Avanti is in proper possession of its rights - just because another operator complains after the event doesn't mean the rules are going to change



The key bit of the article text is below. Again - just because someone else complains after the event, doesn't mean that they'll change the rules which the ITU makes clear have been followed:

ITU Provides Facts Regarding the Avanti / SES Orbital Slot Issue
Here are the facts about this issue provided to talk Satellite by the ITU:

In May 2012, the UK Administration provided detailed information and evidence regarding Avanti Communications and Avanti's HYLAS-2KA-band satellite programme, more specifically explanations of the different steps leading to a planned launch and bringing into use of the HYLAS-2 satellite in accordance with the regulatory 7-year limit of the INMARSAT-S2 satellite network at 31E. The same UK letters also provided detailed information on the unforeseen delay in the delivery and launch of the HYLAS-2 satellite, of which Avanti became aware at the beginning of the fourth quarter of 2010, shortly before the launch of Avanti's first Ka-band satellite HYLAS-1 in November 2010, and the set of remedies taken by Avanti and the UK Administration.

ITU's Radiocommunication Bureau carried out an in-depth review of the matter, taking account the clarification provided by the UK Administration and noted in particular:

(1) the genuine intent of the UK Administration to bring into use the frequency assignments of the INMARSAT-S2 satellite network filing in conformity with the Radio Regulations

(2) detailed information and exceptional circumstances on the period of operation of the HYLAS-1 satellite at 31°E

(3) the ongoing effort to secure the operational coordination of the INMARSAT-S2 satellite network at 31E

(4) the statement by the UK Administration that bringing into use of the INMARSAT-S2 satellite network was not intended to reserve orbit/spectrum resource for speculative satellite programmes

(5) the planned launch of HYLAS-2 satellite on 2 August 2012

Taking the above considerations into account, the Radiocommunication Bureau decided to accept bringing into use the frequency assignments for the INMARSAT-S2 satellite network at 31°E and to suspend frequency assignments to INMARSAT-S2 satellite network at 31°E.

This information was brought to the attention of the Radio Regulations Board (RRB) at its 60th meeting in the Report of the Director. The Board noted the Report of the Director and gave due consideration to the issues therein. In line with Part C, Par. 1.6 (Internal arrangements and working methods of the Radio Regulations Board) of the Rules of Procedure, the two delayed documents to RRB-60 on this issue were sent for consideration at the next RRB meeting.

[nugacity] 24/9/2012 16:18

It looks a done deal to me - the ITU knew we were late but the mission was 100% genuine. They don't want people taking options on sites they don't intend to use - like some web sites registrations did early doors. Some chancers registered famous trading names in the hope they could sell them to those businesses when they got around to hosting a web site?

The article mentions a middle/far eastern country which falls foul of their rules and lost their slot.

And that little word "may" may be worth a million words come November?
Imho that SES initiative is dead and buried - Avanti acted very properly.

[johncsimpson] 24/9/2012 13:57

Update on restassured :

Some will remember my running spat with restasured these past few months and how I noted (see 389 above) that he now seems to have moved on to IOF in pursuance of his long running vendetta with superg1.

One of his favourite quips re share prices was 'heads or tails' in relation to pooh-poohing technical analysis. Well it seems he's come around to my way of thinking. Here are a couple of his posts from the weekend on IOF using TA to back up his views.

restassured 24 Sep'12 - 08:42 - 7614 of 7642

First real level of support is 40p.It will be interesting to watch how much this retraces.

restassured 24 Sep'12 - 09:13 - 7620 of 7642

. . . . RSI above 70 indicates very overbought.

-------------------------------------

Mind you, the IOF board has him sussed:

Croc8 20 Sep'12 - 11:24 - 7166 of 7167

Hi all. Been away for a few days, and it seems we have acquired a d I c k head in my absence, which is a real shame given the quality of this BB. I think it should be noted that whilst we should all be able to offer differing opinions, libel and defamation are unnecessary and, more importantly, actionable. Lets hope his mum finds out what he has been writing and he he loses his computer privileges . . .

and

Mattybuoy 24 Sep'12 - 08:55 - 7616 of 7642

Just an aside.

I think restassured is a spambot. Note how the posts keep coming even though no-one responds whatsoever. Note also the frequency, and the appearances on other busy threads.

---------------------------------

ADVFN should administer the last rights on this poster - restassured RIP.

[blue forever] 24/9/2012 13:26

So,it looks like we could have this overhang until November?

[camiladasi] 24/9/2012 13:22

Thanks for the link Nugacity. I note the following paragraph in that news story:-

"The ITU Radio Regulations Board declined to rule on the protest from SES noting that it had arrived to late to be considered at the current meeting by may be reconsidered in November."

I know that many holders were caught out and surprised when the story broke because the potential issue had not been made known by AVN. IMHO there is still some uncertainty that could be holding the share price back and as a LTH investor, I would like to see it laid to rest once and for all. I have raised the issue on this BB because I would not like to be surprised again and I hope that others can help find a definitive statement that dispels the uncertainty.

camlad

[camiladasi] 24/9/2012 13:10

It is possible that the Board ruled in their September meeting (10 - 14 September), but you need access rights to see their decisions.



camlad

[camiladasi] 24/9/2012 12:55

From the published material I understand that International Telecommunication Union (ITU) Radio Regulations Board is the decision making body. The recommendation in AVN's favour was made by the ITU's Radiocommunication Bureau, a lower body that recommends courses of action to the Board. The Bureau recommendation is what was stated in the RNS issued by AVN on 10th September.

I had understood the ITU Board has met and should already have ruled on this issue but as yet I have not seen the result.

If someone else can post confirmation that the meeting was held and the decision was in AVN's favour, then I would be very happy (and relieved) to see it.

camlad

[garymott] 24/9/2012 12:42

Insight on IG Markets has Finals announcement scheduled for October 1.

[blue forever] 24/9/2012 12:28

So,who are the main ruling body and when will they decide?

[camiladasi] 24/9/2012 12:20

My understanding is that AVN believe they are in the right and have a recommendation in their favour from a subsidiary ruling body. They also have the support of the UK Gov. However, the main ruling body has not issued its decision and Luxembourg are still pressing for a decision in their favour (see also post 10557).

IMHO there is still some uncertainty and therefore a drag effect on the share price from that and the other factors I mentioned previously.

Once there is a definitive ruling and Hylas 2 is revenue earning and we get data on contracts/revenue/profitability for Hylas 1 & 2, I believe AVN will get re-rated - hence why I am invested here. The question for me is when will these be known?

All the above is only my opinion - no advice intended.

camlad

[enami] 24/9/2012 11:54

Are results due soon? Finals 3 October last year from memory. Nothing on website.

[yorgi] 24/9/2012 11:31

An item on dones for anyone interested.

[jonnyno1] 24/9/2012 11:17

The last RNS clears all this up.

[garymott] 24/9/2012 11:14

camiladasi, see the September 10, 2012 RNS from AVN. I don't think this could be any clearer.

[yorgi] 24/9/2012 11:06

That was my understanding as well John.