Thursday 23 February 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Avanti Communications now just 18.75p to sell - but bonds tell you that it is still 100% too high! S&P alert.

By Tom Winnifrith, The Sheriff of AIM | Saturday 11 February 2017


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.


I am still boondoggled by the way that Avanti Communications (AVN) managed to get a refinancing away. You will remember that the cash guzzling satellites business which misses every operational target going was set to run out of what little cash it had left. Amazingly it persuaded its bond holders to agree to accept stacks of interest on its bonds in new ( equally worthless) bonds. And it got the institutional mugs to sign up for more bonds.

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