Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Avanti Communications (AVN) came out with a fourth quarter trading update on Monday and followed that up yesterday with news of a contract win in Spain. The shares have edged higher to 210p, valuing the company at £306 million representing a good shorting opportunity for those who can see through the usual Avanti bluster.
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