UK 11:15 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
On Friday Credit Ratings Agency Standard & Poor's stuck the knife into Avanti Communications (AVN) with an alert which should cause all shareholders to run to the hills. Avanti's sole response: to announce a meaningless Turkish contract. S&P is damning. It writes:
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Comments
Drunken Sailor
Moody’s had them at Caa1 stable in their last review.
https://www.moodys.com/research/Moodys-Revenue-growth-to-support-European-satellite-firms-stable-credit—PR_342766
From the interims:
“consent to draw down up to a further $71.0m in credit from multiple facilities. We do not expect to need to use this”
It would seem they do expect to use it (If they can get it), less than a month after publishing the interims.