Caledonia Investments

3584 days ago

Avanti Communications: Ramp, ramp, pump ramp – er Moody downgrade & when is the placing boyo?

Another day and another “contract win” announced by Avanti Communications (AVN) – natch the value is undisclosed. Friday’s Victor Meldrew “contract win” was – as I explained HERE – very peculiar indeed. And the directors are all making small share purchases. Its ramp ramp ramp time because Avanti desperately needs to do a placing.

Let’s start with the director share purchases so proudly trumpeted by arch bombast and uber-Welsh CEO David Williams. Well so what boyo? What about Caledonia? Caledonia who you say?