Avanti Communications Share Discussion Threads

[zcaprd7] 31/5/2018 10:02

If the can keep raiding the foreign aid budget, they might squeek through?

[badger60] 31/5/2018 07:20

This is the bit that I like best..."The Company continues to pursue multiple lines of funding to complement the restructuring which the Board expects to conclude positively in the short to medium term".....

[badger60] 31/5/2018 03:55

Now we know why Dave Bestwick didn't take up his share allocation.....he was on the way out.

[zcaprd7] 30/5/2018 15:33

Equipment sales are in revenue? Zero margin on that... How much bandwidth have they actually sold?

[zcaprd7] 06/5/2018 13:12

They've been promoting hylas 4 everywhere using adsense - can't think why though?Which telco is going to purchase bandwidth based on a grotty banner advert? What kind of time wasting leads is that going to generate?

[packman8] 04/5/2018 10:42

Noticed they have been promoting Hylas4 on the Investegate header page this week.

[briangal99] 02/5/2018 08:12

My apologies triggered by D4E

[briangal99] 02/5/2018 07:33

M&G out as well as Caledonia now - where to next?

[zcaprd7] 01/5/2018 17:11

Oh, and why release an RNS saying all the directors will max out their full entitlements then?

[zcaprd7] 01/5/2018 17:10

They don't have very large holdings after selling out at about £7...lets wait for the open period to see them really load up then lol...

[badger60] 30/4/2018 10:35

You'll have to check this out elsewhere as I am no expert but someone mentioned that the OO is necessarily a legal requirement in order to facilitate the D/E swap. As "part of the rules", it is included to been seen as "fair play" to existing shareholders. Let's face it, if the share price had gone up to 20p, then everyone would have subscribed.......I don't think that you can blame the director's with larger holding for not taking up their entitlement given the share price disparity, and I think that, as insiders they are forbidden to buy in the market.

[briangal99] 30/4/2018 10:34

I think BoD immediately in a closed period so it could have been frowned upon if they were buying on market last week while in possession of price sensitive news

[zcaprd7] 30/4/2018 10:10

No where near full entitlements taken up by the Bod. Fair enough it's underwater, but why not spend the money in the market then?CTO one grand, CFO two grand odd...

[badger60] 30/4/2018 09:25

Better that you make time to read it ...then.

[apfindley] 29/4/2018 12:54

Was that announcement just for the cancelling of loan notes? I didn't have time to read it the other day I just saw only the rns title and assumed avn delisting. So its just request for note cancelling?

[zcaprd7] 27/4/2018 15:09

I'm waiting to see their involvement...

[badger60] 27/4/2018 14:52

Have you bought any Zap?

[zcaprd7] 27/4/2018 14:28

I wonder if the CTO and CFO took part in the open placing, as suggested they would in the RNS?

[badger60] 27/4/2018 11:10

.......with a bit of luck we can now enjoy the ride up to 11pps ......and hopefully, in time, well beyond.....

[badger60] 27/4/2018 11:04

Who in their right mind is going to subscribe to an open offer at 11.225pps when post RNS the mkt price traded at sub 5pps?
However looking at the big picture, it is my understanding that Solus are going to take up any OO slack. Added to which I don't think that a £4mio OO non-take up is going to be a major stumbling block to the insiders who have just converted a £400mio loan into 2bn shares.

[jeffian] 27/4/2018 10:19

9/4/18 -
"· an offer for subscription by existing shareholders pursuant to an Open Offer for up to £4.33 million;"

27/4/18 -
"The Company has therefore raised gross proceeds of approximately GBP0.17 million through the Open Offer."



!

[badger60] 26/4/2018 16:18

I can only assume that there are some contracts already negotiated but are dependent on a successful launch and 4 green lights operational Hylas4. The poster from iii who attended the meeting said that there were customers in attendance at the launch.

[headinthesand] 26/4/2018 15:21

IMO it's all about Africa. You can forget general satellite delivered broadband in Western Europe, because it's being taken to the cleaners by the ever more rapid proliferation of 4G (no need to even mention 5G yet, either). Satellite broadband gets killed on very basic metrics such as speeds, latency and cost per GB - and this is very clearly demonstrated by the hideously rapidly accelerating levels of customer churn.

I'm fairly reliably told that even the seriously big and ugly Viasat is now looking for other options/footprints for its nextgen 2020 bird, because its originally planned service over Europe isn't now forecasted to deliver anywhere near an acceptable return. It doesn't help that governments are now defining broadband roll-out policies that specifically and technologically exclude satellite (eg Ofcom's recent published consultation on the forthcoming USO that defines both jitter and latency criteria which it's literally impossible for high earth orbit/geostationary satellites to meet - ye cannae change the speed of light, cap'n!).

I'd still like to know from where AVN intends to find the extra $50m to keep the lights on by end June... plus potentially another $40m if that "infrequently earned revenue" deal doesn't land in time?

Sure, it's going to raise around $6m from the open offer issue (which I believe will be 100% covered off by Solus... because no sane PI was ever going to buy at the offer price). But the other $46m (or $86m)? Not included in any way as part of the D4E swap, as far as I can ascertain? Anyone got any ideas?

[badger60] 26/4/2018 11:07

Post on iii bb from romaron who attended the meeting.I ummed and aahed about going as it was (to me) a rubber-stamping meeting but it is a short journey. This was confirmed and there was one other PI or possibly two. I had a chance to chat to the new CEO and a couple of others there. The bond holders stayed at home but couldn't vote on certain resolutions.The meeting had to have a show of hands just to please the regulators and Paul Walsh after each vote said he had 89 mio odd proxies and 98/99 per cent FOR. As expected TBF.At the launch I thought that David Bestwick was outnumbered by the Japanese contingent but was shown a video taken in the jungle where Nigel Fox and 8 larger customers had a better viewing experience. They had the full Glastonbury effect as well as screens if you wanted. I know what I would have chosen and hope the customers were satisfied. Paul Walsh said it was the last piece of the jigsaw and the Trinity completed by a new CEO on 3 April and the launch 5 April. There were staff members there who don't have to notify by RNS and one was a definite buyer at sub 11p. The company is now in a closed period. They were a bit surprised by Caledonia, especially as Will Wyatt was an NED until 2014. It is possible that with the dilution coming it was hardly worth holding on to a tiny percentage.The company has spoken to Inmarsat (yesterday) but I wouldn't read too much into that as the Satellite world is small in London although there are advantages to Inmarsat using our beams apparently. I spoke to various people and suggested that we might be of interest to other companies to supplement their coverage and be bought out. I was told the company would resist any approach by bargain hunters.I think we should get back to the OO price of .1125 pretty soon and expect news of completed sales. The new CEO comes from a sales background and has excellent contacts in the Industry and Africa.Be Lucky

[briangal99] 23/4/2018 20:48

I read that as they were seeking legal recourse from the manufacturer or Airbus for lost revenue due to the delay, but agree it is a bit vague