Avanti Communications Share Discussion Threads

[wilksey1] 30/9/2013 08:26

walshy been buying again

[yorgi] 29/9/2013 11:33

With Friday seeing a recovery from the initial drop it would seem the market after looking more closely at the RNS saw that it was far from negative news and shows that the BOD's are focused on building the company into a much bigger as it moves forwards.

The BOD's investing their own funds only further reinforces that in my view.

[jbarcroftr] 27/9/2013 20:43

Well they bought another satellite .

[edale] 27/9/2013 20:02

They have effectively carried out what they reported at the year end :-

'The Company continues to investigate some significant new business opportunities, and believes that the flexibility to grow offered by a bond financing structure might be more suited to its medium term needs. Avanti has accordingly retained advisers to consider bond finance options, with a view to enabling it to respond quickly and positively to these opportunities as they arise'.

Now we need to see what the new business opportunities are ??

[gekks] 27/9/2013 16:53

Very happy to have ended up

[ricardo125] 27/9/2013 16:51

Well yes your right blender I probably went over the top with the quote you mentioned, angry at selling out at a heavy loss; after all the let downs with AVN i really thought we were back on track.

[blender] 27/9/2013 16:39

ricardo you were probably guilty of using too much hyperbole and banging on in multiple posts about the same point (similar to a couple of others). Actually, looking back this is your comment history is basically that. Yorgi was probably helping you bow out cleanly as that is what you reportedly said you were doing having said the "RNS is one of the worst I have ever seen for an AIM company the size of AVN". Seriously read back on your AVN posts and how you convey your thoughts.

[wilksey1] 27/9/2013 16:03

what a strange day this has been from 249ish to 228ish and back

[ricardo125] 27/9/2013 12:55

Well good luck guys I am bowing out today of this share at a large loss, if it were coca cola restructuring it's debts I'd probably stay in but not with an unproven AIM share.

[blender] 27/9/2013 12:48

"This announcement of opportunity offers, subject to approval at ESA council level, not only full ownership of Artemis, but also the rights and obligations associated to the corresponding ITU frequency filing. In return, the selected operator will implement a concrete plan that will support/generate activities benefiting the European satellite communications industry.

These activities do not have to be directly related to the exploitation of Artemis satellite. The nature of these activities is left for the bidder to define and propose."





So a concrete plan ? Will they share it with us ? HYLAS 4?
Maybe the now concrete availability of the funds was needed to make it a concrete plan to satisfy ESA.

[gekks] 27/9/2013 12:41

Simon Cawkwell has closed his short so can't be that bad an RNS.

[anusol] 27/9/2013 12:31

I assume the tatty sat is irrelevant, but the orbital location is of value for a future replacement? Isn't that what's being implied. So is the new capital/loan to enable AVN to embark on HYLAS 4 to fill this location in a couple of years time?

[ricardo125] 27/9/2013 12:13

I am not really interested in whether they have bought a second hand sat what I was referring to of course was their debt repayments.

[bulltradept] 27/9/2013 12:06

So you don't think picking up a 12 year old second hand sat is good business then?

[ricardo125] 27/9/2013 11:52

In my opinion that RNS is one of the worst I have ever seen for an AIM company the size of AVN. For me it throws into doubt whether AVN can ultimately make any money in my opinion. Very surprised the share price has not taken an absolute battering this morning. DYOR.

[xow98] 27/9/2013 11:33

Probably removes requirement for loan repayments on Hylas 2, but interest rate significantly higher. Also no covenants on new loan.

From the 2012 AFS:

"In December 2009 the Group announced that it had agreed debt financing for Hylas 2 with US Exim bank and COFACE. The total drawdown in this agreement is $328.2m at an interest rate of 5.5%. Included in the loan balance of £169.6m is interest of £5.8m.

This borrowing is repayable over a period of 7 years from December 2012 and the lenders have a charge over the assets of the Company.
The Company has to meet certain covenant criteria which is reported to the bank every 6 months."

[ricardo125] 27/9/2013 11:29

I have to agree with Rogk's analysis. This is without doubt in my opinion great news for the directors. They have assured themselves of employment (in my opinion) for many years to come. Unfortunately sometimes the interests of directors is ultimately not always aligned with the interests of shareholders. I hate to sell out at a loss here but I see little reason to hold them now. Can anyone provide a positive reason to hold Avanti to stop me from bailing.

[peterwaller395] 27/9/2013 09:10

AVN is not a Ftse100 company. It's Aims listed, doesn't yet make a profit and this is reflected in the coupon rate of 10%. That's not unusual for the additional risk bond holders are taking. good move IMO

[mjames20] 27/9/2013 09:04

Surely the cash flow advantages arise because the there are no capital repayments now due until 2019 whereas a large chunk of the current debt had to be paid off within seven years? So higher interest payments but no capital repayments?