Avast Share Discussion Threads

[earwacks] 20/8/2019 19:26

Somebody buying big again. 2 million share purchase. $60 million cash due end of month should keep this going

[togglebrush] 16/8/2019 09:02

Radio reports FTSE 100 and 250 having trading problems this morning

[red5] 16/8/2019 08:48

oh dear that aint good

[togglebrush] 16/8/2019 08:44

Trading Suspended … from open … no reason … some large trades after the bell last night

[earwacks] 15/8/2019 21:03

and today dimwit thicko broker JP Morgan Cazanove go neutral raising target from £3.40- £3.50. Do they actually bother to look at what is happening in the actual market place. UBS reiterate £4.00. Still well short of where this heading not just imo.

[red5] 15/8/2019 17:14

well someone just bought a huge tranche late

[earwacks] 15/8/2019 10:35

Sounds to me like they bought the wrong company!

[earwacks] 14/8/2019 15:46

Currently trading in the £3.60's which is impressive against the Dow slide over 400 points. With the Symantic acquisition that must make AVST worth eyeing up. The figures are impressive but clearly its the prospects that are appealing especially with the tie up with ASCL yet to come once proved at the end of month

[togglebrush] 14/8/2019 11:05

Snippets of various comments about this new company after the results:-

Revenue growth driven by products that protected users' privacy such as VPN and AntiTrack. Company gives away its basic antivirus software and then sells additional services where customers were increasingly aware of on line risks.
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AntiTrack makes it much harder for both advertisers and other entities who want to track you on the Internet to do that. Also seen strong demand for its high security browser with the number of active users rising to about 40 million. The company monetises the browser through search revenue and advertising.
'
This month cyber security stocks have been boosted by chipmaker Broadcom's acquisition of antivirus software maker Symantec Corp's enterprise unit.

[broadwood] 14/8/2019 09:12

FTSE 250 cybersecurity company Avast said on Wednesday that full-year revenue growth will be at the upper end of its high single-digit percentage range following a solid first half.



In the six months to the end of June, adjusted revenue rose 9.2% on a like-for-like basis to $421.7m, with adjusted billings up by $29.4m to $459.6m, driven by double-digit growth in the consumer direct desktop business.
Meanwhile, adjusted earnings before interest, taxes, depreciation and amortisation were up 6.5% to $236.5m.
Chief executive Ondrej Vlcek said: "The strategic advantage of our global consumer platform model shows clearly in these results, with strong revenue growth driven by cross-sell promotions within the installed user base. I am delighted to see Avast reap the benefit of its investment in innovation and the customer experience."
Vlcek said strong demand for the company's value-added solutions, such as VPN, utilities and AntiTrack, was accompanied by a resilient performance from its traditional anti-virus products.

[red5] 14/8/2019 08:14

good business making money in exciting field cutting edge tech should be storming ahead.

[togglebrush] 14/8/2019 07:17

Interim on first reading looks good, quick synopsis
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Revenue up from $388.6m to $425.4m,
Operating profit up from $109.7m to $161.9m, fully diluted EPS at $0.11.
High levels of profitability with Adjusted EBITDA margin at 55.4%.
;
Dividend 4,4 cents XD 12 Sept Paid 11 Oct 2019
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“Important strategic milestone in first half of 2019 … release of direct-to-consumer and carrier-based IoT solutions ( products will protect users' entire digital lives) .
Expect like-for-like FY2019 revenue growth at the upper end of stated high single-digit percent range."

[red5] 10/8/2019 12:48

so are we expecting good results or not from this one?

[timmy11] 08/8/2019 11:07

thanks togg

[togglebrush] 07/8/2019 07:34

Notice of Half Year Results 2019
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Avast PLC, a leading global cybersecurity provider, intends to announce its Half Year Results for the 26 weeks ended 30 June 2019, at 7.00 a.m. BST on Wednesday 14 August 2019.

[timmy11] 22/7/2019 10:55

300m would nearly wipe out the borrowings

[earwacks] 22/7/2019 08:33

with the option to buy the rest not exceeding $300,000,000. Another strategically sound move. Decided I had to take a few more on such a muted reaction from the market!

[togglebrush] 22/7/2019 08:24

Money raising deal announced se RNS. Synopsis
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Ascential will pay $60.76m in cash expected to occur on or around 31 August 2019 for sell 35% of share capital of Jumpshot, Inc a subsidiary of Avast Software B.V.
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Jumpshot delivers digital intelligence from within the internet's most valuable walled gardens

[earwacks] 19/7/2019 06:53

Thanks for that toggle. I think a single trade for 2 million shares is not your average trade. If someone is prepared to sell that amount and accept the mms lowered price that is what the price becomes and did in this instance. It happened at least 8 hours before it was reported. The encouraging part is how quickly it recovered. Especially when you get an innocuous broker update at a completely inappropriate time with no facts. Would make more sense to wait for the half year trading update which is imminent.

[togglebrush] 18/7/2019 21:39

Aa 2 million sell isn't that extra ordinary. 'I don't follow this share that closely but using other available sources:

1) LSE another BB header market for today
# Trades________1,202
Vol. Sold_______643,29 Sold Value £2m
Vol. Bought_____310,480 Bought Value £1m
'
2) Stock Exchange file reports a number of OTC trades after the Bell when price closed at 337
this over the counter sale was listed
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17:41:42 18-Jul-2019 Price 333.96 shares 574,903 Value £1,919,923.06 TNCP XOFF
Looks like the trade reported. Over the counter trade from another, possible overseas, exchange.
TNCP Trade Non Considered in Pricing (negotiated deal)
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3) FOR SCALE, by my numbers, the Daily Trading Volume Stats are:-
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Daily Trading since MAY 2018
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One in 100 DAY__18,887,357
Q3_______________1,794,511
Median___________1,177,087 ___ middle of a sorted sample
Q1_________________632,962
Minimum_____________62,786
.
Adding the normal LSE trade 1 million and the OTC 2 million we are in the Top 25% of daily volumes for a busy day. But nothing close to a One in a Hundred Day.
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IMHO A busy day and one probable overseas client lightning a portfolio

[earwacks] 18/7/2019 20:55

2 million sell @ £3.33 late reported is what dragged the share down. Good comeback this afternoon. Should be business as usual. Ridiculous broker note from JP Moron today upped target from £3.10 to £3.40 and feking neutral! Do they not know half year results are out in 3 weeks? Clearly a company out of favour with the city spivs . Their loss

[podgyted] 15/7/2019 15:11

Wouldn't like the dividend to increase much - think debt is still uncomfortably high and should be addressed first.

[earwacks] 15/7/2019 13:18

Don't know about dividend but I reckon we'll hit £4.00 before end of summer