2675 days ago
112 minutes after the stockmarket closed on the Friday before Christmas Avanti Communications (AVN) published a red flag strewn annual report. I have already raised one mighty red flag HERE and more will follow. But now just consider how the bombastic prick of a CEO David Williams was rewarded so handsomely for failure. Shares in Avanti are just 23p today. They were c£8 when Williams sold millions of quid worth of shares as he ramped away after the launch of Hylas 1 back in 2011.
2675 days ago
Avanti Communications (AVN) finally published its annual report for the year ended June 30 2016 at 2.22 PM on the last Friday before Christmas, 112 minutes after the stockmarket closed. It is packed full of red flags which perhaps explains the publication at no-one is watching O'Clock. So let's start with an admission of what a crap business this is - the metrics on HYLAS 1.
3990 days ago
I first recommended shares in AIM Listed Avanti Communications (AVN) back at 116p years ago. I was still bullish all the way up to c800p when it launched its first HYLAS satellite since when the shares have headed only one way. They now trade at 279p .I apologise for not selling a long time ago on this share tip.
The bull case remains that if the company can fill capacity as planned on its two satellites in space and a third set to launch in a couple of years it will be chucking off cash like there is no tomorrow and as such one can attribute a valuation of £15 or whatever to the shares.
The bear case is
