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Avanti to delist its AIM casino shares – shareholders lose 99%, founder makes close to £20m

2019-08-20 08:14:50

I was once a believer as shares in the satellite company Avanti Communications (AVN) soared to 800p+. But I saw the light many moons ago. Today they languish at 0.5p as the company has announced that it is to delist from the AIM Casino. For six years this website has been warning about this disaster in waiting now we are 100% vindicated. Are there lessons to be learned? You bet....


Avanti Communications – “can look forward to a positive future”… other than some increased competition, falling capacity prices & debt issues etc!…

2019-06-10 13:21:52

Avanti Communications (AVN) has announced results, with CEO Kyle Whitehill emphasising “we can look forward to a positive future. We have an enviable network of assets, demand in our coverage is growing and the actions taken in the last 12 months to re-focus the business and to bring in new commercial talent to the executive team should bring rewards in the near term”. The shares have responded… er, by remaining down at 1.625p…


Avanti - Calling all morons: back our bailout with more of your cash. PS We will probably still go bust anyway

2018-04-09 04:31:14

How the bombastic Welsh prick David Williams, the former CEO of Avanti Communications (AVN) must be laughing today. Having sold millions of pounds worth of shares himself at almost £8 as he urged others to buy, pushing ramptastic broker notes out for everyone to see, the ruin he left is today fully exposed. But Williams has made £15 million from this wheeze so he's happy.


Avanti & its disappearing backlog - just why is this not market abuse for the FCA to investigate?

2018-01-31 02:42:45

Bombastic ex CEO David Williams isn't the only thing that's left busted flush satellite operator Avanti Communications (AVN) in the last few months. More than 50% of the company's Backlog has disappeared too - this surely implies market abuse and is something that the FCA should be investigating?


Avanti debt for equity swap - a near total wipe-out for shareholders

2017-12-13 02:41:20

Avanti Communications (AVN) the drowning in debt satellite operator, has today admitted that if it does not restructure its borrowings it would be unable to service them. Hence there is a shareholder near wipe-out debt for equity swap planned.


Avanti Communications - time for this worthless piece of crap to fess up?

2017-10-19 05:24:02

Avanti Communications (AVN) is now operating without its founder and, until recently, its CEO, the king of the uber Welsh ricks David Williams. Say what you like about a man with an ego the size of Powys, but he was a good bullshitter. Without him keeping the plates spinning and proimising everyone jam tomorrow, the drowning in debt satellite company which never hits any of its targets, would have been toast years ago.


Shit sandwich with jam tomorrow on top: trading statement from Avanti Coms - but here's what its hiding

2017-07-04 01:57:51

Avanti Communications (AVN) has surprised no-one with a grim old trading statement covering the year to June 30th 2016. But the CEO who boasts of how he misled investors with a faked demo to raise funding has - as usual - tried to make a shit sandwich more palatable by serving it covered in oodles of jam tomorrow. But there is something that bombastic prick David Williams is not telling you....


Drowning in debt Avanti Coms takes on more debt, is classed as non investment grade & exposed for misleading (again)

2017-06-16 06:38:50

You are drowning in debt so what to do? In this crazy world you take on more debt! and so Avanti Communications (AVN) today announced that it had secured a new $100 million debt facility. Read carefully and you will see what an absolute nightmare this news is.


Avanti's next cash crunch could be far sooner than people think - in fact it could be in two weeks' time

2017-06-14 01:51:19

It is not a matter of IF drowning in debt satellites company Avanti Communications (AVN) will eventually see a 100% shareholder wipeout ( right now it is c99%) but WHEN. And it might be rather sooner than most folks think. In two weeks time to be exact. Is there something that its CEO , the bombastric Welsh prick David Williams, is not telling us as he counts his $15-20 million winnings.


AIM dog Avanti Communications - FRC forces accounting changes after Tom Winnifrith complaint - another thank you for the Sheriff

2017-06-06 05:31:32

I have today received a letter from the Financial Reporting Council about a complaint I made about the uber dodgy accounts of drowning in debt heading for insolvency Avanti Communications (AVN). You will remember that Avanti did 2 transactions which generated cash in of nil and cash out of $14 million and booked that as a sale of $25 million on a 100% EBITDA margin. 


Avanti Communications Trading Update: More jam tomorrow, cashburn & shit sandwiches today - target price 0p

2017-05-31 06:44:39

Avanti Communications (AVN) the drowning in debt satellite operator run by a man - David Williams - who has boasted about how he misled to investors to raise capital, by faking a product demonstration, has served up a trading update. As ever with Avanti it is packed with jam tomorrow but the reality is that it is the usual Williams fare, a shit sandwich.


Avanti Communications - tell us about the QSAT (now tits up) revenue you have booked

2017-05-20 02:10:55

Oh King of the bombasts, David Williams is there something you are not telling us about your crumbling POS business Avanti Communications (AVN). Yes... that £13.6 million deal with QSAT. You know the company that has just gone bust. This is all about revenue recognition you bombastic prick.


Avanti Communications Kenya contract - it's 'avin' a giraffe

2017-03-22 07:15:48

Drowning in debt Avanti Communications (AVN) is 'avin' a giraffe once again with a new announcement of deal with no financials attached which is almost certainly utterly meaningless. Today we head to Kenya.


Two ways to play Avanti Coms insanity as the shares head for zero

2017-03-05 08:47:08

Poster child for the dogs on AIM heading for zero is Avanti Communications (AVN) which plumbed new lows this week with a dreadful H1 statement. For a supposedly maturing business to have interest expenses more than turnover is astounding. This is a product of its recent insane more-debt-for-debt swap.


The Worst Research Note of the Year to date? Edison on worthless Avanti Communications

2017-03-02 04:58:16

Employer of convicted felon, the cop mugger champagne Charlie Gibson, investment prostitutes Edison will publish bullish research notes and interviews with any company as long as they dip into their shareholders' funds. The interview with the bombastic prick David Williams who earns a seven figure wedge for running Avanti Communications (AVN) into the ground last summer ( see HERE) was a classic of its genre. Today Edison has published a note saying Avanti shares are worth 109p. The market thinks the report is worthless bog-paper and the shares are down by almost 10% at just 14.875p.


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

2017-02-11 00:36:57

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.


Avanti Communications and its most supportive shareholder Mast Capital - er hang on?

2017-01-02 05:55:08

Mast Capital the US hedge fund has been the biggest supporter of drowning in debt Avanti Communications (AVN), time and again doubling down on its disastrous investments. But have you noticed this?


The Avanti Coms Annual Report Released at 2.22 - Gem number 2, rewarding greedy CEO David Williams for failure

2016-12-28 04:26:28

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.


Avanti Communications: Gem No 1 from the 2.22 PM Annual Report

2016-12-27 08:55:50

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. 


"Timber! time" at Avanti Communications & the sheer pointlessness of Edison Research - the worst research note of 2016

2016-12-15 02:29:07

Shares in drowning in debt Avanti Communications slumped again on Wednesday to a new record low of 18p - the market cap is now just £27.6 million and death is imminent. As I pointed out at the weekend, its shares could be suspended on December 30th but its real worry is insolvency - it will be out of cash by January and it looks impossible to refinance. The cry is Timber! This once mighty AIM play is falling and will soon be lying as a rotting corpse on the forest floor. Where has all the money gone?


Avanti Communications share suspension on December 30? New bond default?

2016-12-09 01:12:47

Well here is an early Christmas present for all good bears, Avanti Communications (AVN) has sort of fessed up to the fact that its shares may be suspended from the AIM Casino on 30th December and that it may be facing a new bond default. Oh dear. If that is not a cue to sell as fast as you can, what is?


Avanti hurtles towards the trap door

2016-11-14 07:38:08

Having seen Cloudtag (CTAG) demonstrate one of the golden rules of share trading here is another: run for the hills when a company starts messing with its creditors. Step forward Avanti Communications (AVN). 


Another body blow for Avanti Coms as it drowns in debt

2016-10-30 04:46:36

Surely it is only a matter of time before cash burning and downing in debt satellites group Avanti Communications (AVN) calls in the receivers? Keen to assist and bring forward that great ouzo o'clock day for we members of the global shorting conspiracy, I have some more bad news today. Oh dear. Oh dear.


Avanti deals with drowning in debt by taking on more debt - share price death still almost certain

2016-10-17 04:45:16

There is a philosophical game called the fishing village. And today we saw this played out in reality by Avanti Communications (AVN) as it struggles to avoid insolvency.


Avanti Communications - new evidence emerges of just how desperate is its cash crunch

2016-09-21 04:11:09

Ceteris paribus Avanti Communications (AVN) will be trading whilst insolvent within weeks - its cash will not be sufficient to meet contracted capex and bills payable. That is why it is delaying publishing audited results for the year to June 30th 2016 - no auditor is going to sign off on anything from what is an insolvency waiting to happen. Avanti is trying to hide the awful truth but industry sources are revealing its desperate measures to stay afloat.


5 Questions for insolvency in waiting Avanti Communications

2016-09-20 05:34:18

The FRC is already looking at the grossly misleading way that Avanti Communications (AVN) bodged its June 2015 annual results. I reckon Avanti is trying to commit an even bigger crime against prudent accounting with its 2016 numbers and they key is a satellite which is now on the move. But Avanti and its ghastly and morally bankrupt Nomad Cenkos, of Quindell infamy, are trying not to reveal the truth. So have five critical questions for Avanti and the shamed Cenkos.


Avanti Communications - Friday's RNS just rings false: Collapse still a slam dunk

2016-09-18 09:09:29

Hat tip to reader G for fisking the horseshit RNS from Avanti Communications (AVN) on Friday which should be read as a tacit admission that the game is over. This remains a slam dunk sell and almost certain zero. Here's why.


Avanti Communications Shafts its Bondholders

2016-09-18 08:23:45

A few years ago when listed high street retailers were going down like ninepins they would invariably have the decency to inform shareholders that their equity was worthless shortly before implosion. “Little or no value” was the usual phrase.


Avanti kicks off the silly Season - still a sell

2016-08-15 06:20:21

They don’t call this the silly season for nothing. Shortly after Inmarsat (ISAT)  announced on August 1st that it was not interested in Avanti (AVN), a story appeared in the FT saying that it had in fact been willing to pay “at least” 140p per share (subject to due diligence) right up until the end of July, around five times the price at the time.


Avanti Communications - the bonds still yield 18%: tells you FT wrong, shares are toast

2016-08-12 02:02:48

Shares in Avanti (AVN) peaked at c50p following the reports in the FT that Inmarsat (ISAT) might have considered a 140p bid, a claim that seems ludicrous given the fact that Avanti is drowning in debt and needs a refinancing within weeks or it is tits up time. The shares have now drifted back to 37.375p today. Folks are starting to panic...perhaps they have looked at the bonds.


Avanti share price spike: the company speaks and says nothing at all

2016-08-05 06:44:23

I have commented on Avanti Communications (AVN) twice in two days on the bearcasts HERE and HERE. Today with the shares zooming ahead to a peak of 50p (they are now 44p) the company commented but said nothing at all. Ronan Keating would be proud.

Uber Bombast David Williams stated:


Reader Poll: When will Avanti Communications shares go to zero

2016-08-03 04:00:07

Avanti Communications (AVN) may try to con us into thinking that it is a bid target but the reality is that its best hope is that bondholders take a haircut in any takeover. that means shareholders face a wipeout. It is more likely that no-one bids and this is a zero. So when do you think Avanti is going bust. Vote now and before a midnight deadline in a reader poll. The shares are 22.5p today and falling. So vote early, vote often, vote below: 


Avanti Coms tries to spin its way out of trouble - Inmarsat exposes the lie: not bidding

2016-08-01 00:45:40

Three days ago Sky News reported that Inmarsat (ISAT) had approached Avanti Communications (AVN) with a view to making a bid. This was, as it happens, not true and today Inmarsat has exposed the lie in full. The story here is not only of the looming financial bankruptcy of Avanti but of its full blown moral bankruptcy too. This is shocking at every level, another milestone of shame for both Avanti and for the AIM Casino.


S&P as damning as Moody's on Avanti - its implied view also that the shares are worth 0p

2016-07-29 05:26:00

Moody's was damning enough on Avanti Communications (AVN) as I noted earlier. The clear takeaway was that the shares were worth 0p given Moody's view that bondholders were in for a haircut. Now I bring you what the other credit rating agency S&P says. It is equally bearish.


Moody's Downgrade on Avanti Communications Bonds "default inevitable" - tells you equity is worth 0p

2016-07-29 03:46:03

Moody's has downgraded its ratings on the junk bonds of Avanti Communications warning bond holders that they would probably get just 35-65% of their cash back. In that case the equity is worthless - note the explicit warning that Avanti will face a cash crisis potentially within weeks. Moody's states viz a viz the bonds " Moody's sees a default by Avanti over the next 6-12 months as almost inevitable." On that basis the target price for Avanti shares has to be ZERO. Sell while you can.


Avanti Communications announces strategic review - aka - "we are fecked"

2016-07-12 00:18:46

Oh dear, this is the end for you my friend....Avanti Communications (AVN) has announced a "strategic review". In other words it has admitted that it s well and truly fecked. Shareholders should, whatever the weasel words of the RNS, prepare for wipeout. This is - as we pointed out in a 25 minute presentation at UK Investor Show, a zero. The statement is typical King of the Bombast David Williams horseshit.


Fleet Street is part of the problem of AIM Corruption not the solution - The Telegraph & Avanti

2016-07-08 05:16:32

Shares in Avanti Communications (AVN), once the darling of AIM, collapsed by 60% yesterday amid all sorts of horrors emerging. It is a big story and most papers are covering it, at least with a mention. But in the Daily Telegraph there is nothing ....except


Miserable Welsh People Odd One out Contest Result

2016-07-08 00:09:22

Yesterday I served up pictures of four Welsh folks and asked for the odd one out and - to the suprise of some readers, as you can see HERE, it had nothing to do with sheep. The four pictured taffies were: Cerys Matthews the gorgeous lead singer with the uber-Welsh group Catatonia ( part of the cool Cymru scene of the 1990s), Welsh windbag Neil Kinnock, Welsh soccer star Gareth Bale and David Williams the uber Welsh CEO of Avanti Communications (AVN) who had a rather bad day at the office yesterday and is going to have another shocker today


Avanti Communications - existing debt now yields 30%: that says shares toast

2016-07-08 00:02:53

Yesterday Avanti Communications (AVN) issued a dire lack of profits warning. Having warned folks in a special 25 minute session at UK INvestor (HERE) that this one was heading for the knacker's yard, the bear community is vindicated. Our big call is looking good. But have you seen how the existing debt ( in which Avantis drowning) responded. It says the shares - down 60% to 24p yesterday - are near as damn it toast. The target here is 0p or very close to that.


Ouzo O'Clock - Avanti Communications crashes as I predicted

2016-07-07 08:46:14

Look back at our coverage of satellite disaster story and serial issuer of fascistic lawyers letters Avanti Communications (AVN) you cannot say that we did not stand up to bambastic bully boy CEO David Williams and warn you. Today there has been a pre close trading statement, the shares have crashed by 60% to just 24p and the Fat Lady is starting to gargle. My father & I will crack open the ouzo early today.


ShareProphets readers tips for 2016 competition - end June update

2016-07-02 00:15:30

Having asked for readers tips for 2016 for the amazing prize of lunch or dinner with Tom Winnifrith (or the chance to fob it off on someone you don't like) HERE, the following is a monthly update on performance (to be eligible needed to have selected a buy & sell pick and those to be listed on the LSE or on the AIM Casino)...


Avanti Communications - the collapsing share price means it must make a statement on Monday

2016-06-11 00:18:05

On 16 May 2016 Avanti Communications (AVN) published a third quarter trading statement in which the company's bombastic, pompous and no longer credible CEO David Williams declared "Avanti is making good progress." Shortly afterwards he proudly boasted that he had bought shares in the company at 91.25p. Today, less than four weeks later the shares have collapsed to just 53.25p to sell. On a daily basis they are being marked lower and lower. What is happening and what must Williams announce on Monday?


VIDEO: Edison Interview with Avanti's David Williams - how big is your cock, huge or massive? And more

2016-06-07 09:20:31

Paid for researcher Edison is, of course most famous as being the employer of convicted felon Champagne Charlie Gibson but it is also there to take cash for helping ramp shares in piss poor companies. And few companies could be as piss poor as Avanti Communications (AVN) run by uber bombast David "not worth a million bucks a year" Williams.  But not only does Edison publish crap research on Avanti with a target price of 427p. It also does video interviews. Cripes, the bird quizzing Williams makes Zak Mir look like Jeremy Paxman on steroids.  As you enjoy this shite from Edison you will note the shares are now just 59.5p as Williams seeks emergency bailout funding. Oi, taffy its time for a statement!


Three weeks after Avanti Communications told a monstrous lie - how is its bailout refinancing going?

2016-06-06 01:47:03

On May 16 Avanti Communications once again (AVN) lied to its investors. Since then it has been scrabbling around trying to complete an emergency refinancing. As the shares have tanked from 90p to 64p (and falling) since the lie is it unfair to ask the company and its bombastic CEO David Williams how things are going? First, however, lets look at the lie.


Avanti Communications now in Dana Territory & sinking

2016-06-01 08:06:41

It was just a few weeks ago that Avanti Communications (AVN) shares were in the decade of Blur and Oasis (the nineties) and bombastic CEO David Williams tried to spoof us all with a trivial share purchase costing him about all of two days of his obscene salary. Pretty quickly the shares slipped through the Maggie years and into the era of Abba and the Winter of Discontent. As I speak we are at Dana.


The Predictive Powers of David Williams of Avanti infamy, or how he buries bad business

2016-05-27 00:00:19

Avanti Communications (AVN) started its AIM career not as a satellites business but as a provider of screens for pubs and shops, the loss making tin cans in space business came later. At that point uber bombast CEO David Williams decided to "lose" the original business via a demerger. Shareholders in Avanti were given stock in both entitites. Now track what happens next.


Avanti Communications PLC: Circling the Drain

2016-05-22 02:29:48

At the UK Investor show last month, during a discussion of Avanti (AVN), I listed a random sample of the many instances where the company has made statements which later prove to be wildly optimistic, or are contradictory to earlier ones. Last week’s 3rd quarter update, 16 May, provides another gem: It states:


Avanti Coms: another jam tomorrow, cash munching update & piddly director purchases scream SELL

2016-05-16 05:58:48

Institutional investors continue to sell. But Avanti Communications (AVN) directors hope that piffling share purchases by themselves will persuade mug punters to follow suit. Do I care that David Williams (total package last year $1,154,445 after another year of mega cashburn) has bought 5,434 shares at 91.5p taking his holding to 1,709,144. Seriously? A guy who earns c$20,000 a week for trainwrecking this company has bought £5,000 of shares? And that is meant to show he has faith in the company? If anything it shows he has none. Now to the Q3 trading update.


Avanti Communications and the 60-80% fall in prices it is not shouting about

2016-05-13 00:52:13

Perhaps that is why drowning in debt Avanti Communications (AVN) has been unable to hit any of its targets and perhaps it is why it is going to run out of cash his year. It seems that the price it can charge for satellite capacity has fallen by up to 80%. Who says so? er...


Avanti Communications: contract win announcement shocker: is everybody here on drugs?

2016-05-09 07:42:27

As ever, when Avanti Communications (AVN) sees its share price slipping it announces a new contract win. There is a brief rally, and the rally gets smaller each time this trick is pulled, and then the shares start to fall again because - as we know - this company is hurtling towards insolvency. And so with the shares sub 90p to sell on Friday what do we have today?


Avanti - keep selling

2016-05-07 08:42:00

I note that Avanti’ Communicvations' (LSE:AVN) share price has fallen back since it was covered in detail by Tom, myself, Matt Earl and Evil at last week’s UK Investor Show.


Avanti Communications - more bad news it is not telling you about

2016-05-04 02:17:10

Oddly enough it seems as if the bombastic boss of Avanti Communications (AVN), uber Welsh David Williams is not keeping his poor, and getting poorer by the day, followers up to speed with all the bad news from his worthless company.


Avanti Communications - a new way to hit forecasts: Bongo Bongo land accounting

2016-04-21 00:16:21

You were probably wondering what deal Avanti Communications (AVN) was going to do this year to increase its sales after last year's creation of revenue when it was the only person paying money - the deal the FRC is looking at HERE. And you were also wondering how it was going to raise some cash. Natch it would not be by actually selling oodles more capacity on its satellites would it?


Governments just don't pick winners - companies that boast of grant wins are an auto sell

2016-03-26 02:27:25

Call this one of the unwritten Tom Winnifrith golden rules but a company that boasts of grant wins from the State is in general a sell. This may be a tad unfair but the fact is that Government's are invariably the worst investors - they make your average Bulletin Board Moron look like Warren Buffett when it comes to spunking cash on losers.


Avanti shares slip despite another ramptastic RNS - Emperor Williams New Clothes called out!

2016-03-12 05:37:55

Historically the pattern with Avanti Communications (AVN) has been it is asked an awkward question like how much business do you do with ISIS? Or why is it that your 2015 joke accounts are being looked at by the FRC? Or, if your bonds are junk rated when do you go bust? Its shares tumble. Then it announces a new ramptastic contract win either of an unspecified amount or for many years in the future. Its shares bounce but then fade and slump when the next question is fired over.


Table of shorted AIM shares - end Feb 2016

2016-03-04 03:10:35

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of February 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...


S&P Prepares to Downgrade Avanti Bonds - warns Avanti seeking more debt

2016-02-29 07:46:48

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:


Avanti Communications - just 24 people take up 300,000 person UK scheme

2016-02-29 04:14:59

You just cannot make this stuff up. The difference between Avanti Communications (AVN) PR hype and reality is chasmous. With a hat tip to reader BlueFrew, let us have a quick look at the £60 million programme announced in December by the Government in partnership with Avanti to roll out broadband access to 300,000 rural homes across the UK. You want the internet Mr Crofter on a remote Scottish Island so you can download some sheep porn? To hell with cutting the deficit, the ever grateful taxpayer & Avanti are here to help.


Avanti Communications - Cut the Crap you sheep shagging bombast and answer the questions

2016-02-29 03:51:14

Are you starting to see a pattern here? Avanti's (AVN) shares slide. Folks ask a couple of difficult questions and "hey presto" the company announces a totally meaningless contract win but will not answer the questions. There is a brief rally in the share price but each time uber Welsh bombast David Williams pulls this trick it has less and less effect. David you surely know that you can screw some of the sheep some of the time but you can't screw all of the shareholders all of the time.


Avanti Communications - please explain your 100% rum & coke subsidiary accounts?

2016-02-28 11:58:43

If a company organanises itself with complex subsidiaries with opaque accounts that simply contradict themselves you know to run a mile. Think Quindell. Now welcome to the world of Avanti Communications (AVN) - target price 0p - and its wholly owned subsidiary Avanti Communications Infrastructure Limited. The numbers just do not make sense.


Avanti Communications - WTF is it up to now in Bongo Bongo Land? Sell - target price 0p

2016-02-28 06:04:12

With a hat tip to a reader who is clearly as much of an anorak as I am, I trek over to Companies House and discover that on 9 February, shortly after its piss poor interims, folks behind Avanti Communications (AVN) established three new Companies. Hang on Henry, what on earth is David Williams, the most bombastic CEO on AIM up to?


Avanti Communications - target price 1p by Christmas

2016-02-05 05:36:43

I am late to the shorting party with Avanti Communications (AVN) but given that the interim results yesterday almost drove my apoplectic with rage I have jumped in firmly with two feet. 


Avanti Communications - now at 117p, downside 117p by June - 5 Questions as bonds now uber-junk

2016-01-21 04:01:00

Before Christmas shares in Avanti Communications (AVN) traded at c200p. This morning they touched 100p although they now trade at 117p. What on earth is going on? The only news from Avanti's CEO, the uber-Welsh king of the bombasts David Williams is that he will be presenting interims on 4 February. However it is not just the shares that are tanking, so too are its bonds, they are now officially uber junk and as such five massive questions need to be answered by the company with the numbers. For what it is worth my target price remains - as per Gold & Bears see HERE - 0p.


Avanti Communications in 2016 - Drinking in Last Chance Saloon.

2016-01-04 05:57:14

I have long been a critic of Avanti Communications (AVN) and although the shares have performed badly lately they could and should be trading a lot lower. 


Lucian Miers 2nd share tip of the year - sell Avanti Communications at 171p offer - target as low as 0p

2015-12-31 05:34:56

On December 17 Avanti Communications (AVN) served up a quarterly update. From its bombastic CEO David Williams, a man who not only admits to, but boasts of, misleading erarly stage investors with a fake demonstration, there was the usual mix of bluster and misleading metrics. The only thing that commends Avanti is that it never fails to miss operating targets - it is, in this respect, the most consistent company on AIM.


Avanti Communications - PR blather is not a substitute for answering the frigging question

2015-12-07 05:47:10

David "King of the City bombasts" Williams of Avanti Communications (AVN) always responds to weakness in his company's - grossly overhyped - share price in the same predictable fashion - he announces a contract win. But each time he announces a deal - no value disclosed natch - the market is less and less impressed. This morning what investors really want to know is whether Avanti is making money from evil terrorist murderers ISIS?


Zak Mir's Great Request Show: Avanti Communications, Outsourcery, Summit Therapeutics

2015-12-07 04:07:40

If you want me to analyse a stock for you just drop me a line at - Today I look at shares in Avanti Communications (AVN), Outsourcery (OUT) and Summit Therapeutics (SUMM)


Is Avanti Communications making money from ISIS?

2015-12-05 02:26:31

The suggestion from the German paper Der Spiegel is that may well be. The paper has run a full story despite strong suggestions from Avanti Communications (AVN) lawyers that it should not do so. Given Avanti's oft repeated claims that it wins major business from the UK military perhaps it might wish to issue a formal statement. The full article is below.


Avanti Communications - a letter to the Financial Reporting Council re 2015 accounts

2015-12-04 05:22:09

Now that, post the fraud Quindell (QPP) I am such good friends with the only watchdog with teeth, the Financial Reporting Council (FRC) I have written to my pals asking them to investigate whether the 2015 accounts for Avanti Communications PLC (AVN) give a true impression of how the business is doing. I do not think they do. But Avanti also has other worries which is why the shares will crash.


Avanti Communications offers salvation for Globo Shareholders

2015-11-14 02:29:02

Of the many lessons to be learned from the Globo (GBO) fiasco, perhaps the most salient is the danger of deriving comfort from institutional purchases. In the final days, as an obscure  German fund named Forum was hoovering up stock (the founder’s stock, as it later transpired) a lot of impressionable punters were doubtless persuaded not to sell and maybe even “average down” on the basis that these guys are professionals and therefore “must have done due diligence” 


Avanti Communications Q1 Trading Statement – Complete and utter turd polishing nonsense

2015-11-12 07:30:28

King of the AIM bombasts the uber Welsh David Williams of drowning in debt Avanti Communications (AVN) has polished up another turd, that is to say his Q1 trading statement. Naturally Taffy Williams is delighted with all the progress being made. He always is as target after target is missed.


Zak Mir's Great Request Show: Avanti Communications, Ithaca Energy, Optimal Payments

2015-11-03 06:11:41

If you want me to analyse a stock for you just drop me a line at - Today I look at shares in Avanti Communications, Ithaca Energy, Optimal Payments setting share price targets for all three stocks.


Avanti Communications: The Jungle Drums say no facebook deal in Africa - the shares are a sell

2015-10-05 05:56:34

Oh dear. Last Autumn the big ramp from supporters of Avanti Communications (AVN) was that it would sign a major deal with Facebook to provide internet in Africa. It was even suggested that facebook might bid for the AIM listed company with the most bombastic CEO on this planet, Mr David Williams. Oh dear. It ain’t going to happen.


Avanti Communications PLC - Finding Revenue From Outer Space?

2015-09-30 03:01:40

You have to hand it to Avanti Communications (AVN): faced with its fourth annual earnings or revenue miss on the trot it has managed yet again to paper over the ever-widening cracks in its creaking edifice.


Resisting the Temptation to Gloat. Who is Next? Avanti Communications?

2015-07-18 03:26:57

I am not a great one for gloating, but as I head off for the summer holiday, it is with a certain satisfaction that I note that four of the stocks that I have covered extensively here over the last year are currently suspended.


Avanti Communications Group - Keep Selling

2015-07-11 03:09:41

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.


Zak Mir's Great Request Show: Avanti Communications, BAE Systems, Velocys

2015-07-08 00:03:06

If you want me to analyse a stock for you just drop me a line at - Today I look at Avanti Communications (AVN), BAE Systems (BA.), Velocys (VLS)


Zak Mir's Bear Call Of The Day: Avanti Communications: Below 200 Day Line Risks As Low As 180p

2015-06-17 02:05:43

Shares of Avanti Communications (AVN) have had a rather difficult history over the recent past something which is said on both a technical and fundamental basis. 


A tale of two updates: Avanti and Tungsten

2015-05-19 01:04:33

Both Avanti Communications (AVN) and Tungsten Corporation (TUNG) had trading updates last week. The knee jerk response to both was to mark the shares higher before slamming into reverse, in the case of Tungsten within minutes and with brutal consequences, whereas Avanti has experienced a gentle drift to just below the pre update level of 230p.


Changes in disclosable net short positions - week to 27/02/2015

2015-03-05 05:30:22

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...


Avanti: Back to the trough again as operating losses continue: Sell at 225p

2015-02-12 01:11:07

Last week, Avanti Communications (AVN), the cash guzzling satellite operator accompanied its interim statement with news that it had raised $91.5 million in a placing, This was an equity cushion demanded by bondholders before they stumped up more money to fund the Hylas 4 satellite so the coast is now clear for another $115 million debt to be added to the $520 million it already has, giving the company an annual interest bill of $60 million plus. Not bad for a company that has an operating cash outflow.


Avanti Communications – Statement Needed NOW! Shares are a sell BTW

2015-01-22 03:45:22

Both Lucian Miers and myself are pretty bearish on Avanti Communications (AVN) on fundamentals as explained HERE by me and HERE by the Bard of the Boleyn. I’m pretty sure that after results on the 5th February, analysts will again reach for their red pens as forecasts are once again missed or fudged. The company is drowning in debt. But reports in that must read publication suggest there is perhaps a major "problemo" with Hylas 3 and an RNS is needed NOW.


Avanti Communications – worth a short ahead of February 5th results

2015-01-20 07:31:19

Lucian Miers had Avanti (AVN) down as one of his two top shorts for 2015 and so far it is looking a cracking short. Results are looming on February 5th.


End 2014 Performance Update: ShareProphets bear calls & investor short positions

2015-01-15 02:20:05

previous table showed a combination of AIM stocks covered bearishly on this website and disclosable to the FCA short positions had delivered outsized returns. The following updates, with links to initial pieces and a recent view of each stock (for the latter, click the 'end 2014 share price')...


Lucian Miers share tips for 2015, No 2 – Sell Avanti Communications

2015-01-01 05:52:48

Shares in Avanti (AVN) have managed to head higher in recent months thanks to a rumour that Facebook was about to bid. Now Facebook might just co-operate with Avanti to bring the internet to Bongo Bongo land but that will not earn Avanti a fortune and there is no way that a bid is on the way. So I am very happily short on fundamentals.


Avanti Communications the new share price Quindell

2014-12-04 05:38:31

In a private note sent to clients yesterday but not published one of London’s sharper brokers asked the question, in share price terms is Avanti Communications (AVN) the new Quindell (QPP)? He writes:


Am I the only remaining bear in Avanti?

2014-11-29 03:09:09

One of the big market mysteries of the last couple of months has now been solved. Why has the price of Avanti Communications (AVN) being going steadily upwards despite results that appear to confirm the worst fears of the bears? Why has the astute hedge fund Ennismore been reducing its short position?  Why has Avanti uber bear Mathew Earl – The Dark Destroyer -  gone strangely silent as the share price has ticked relentlessly North?


Table of changes in net short positions - week to 18/11/2014

2014-11-20 00:51:54

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...


The top 20 reported net short positions in London - 14/11/2014

2014-11-19 01:06:36

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the 20 highest net short positions and the changes (red if short increased, green if reduced) since a previous analysis HERE.


Avanti Communications ... questionable quality of sales

2014-11-05 04:30:25

Avanti Communications (AVN) 2014 accounts were released yesterday and while the group's year end statement (from September 15th 2014) revealed that debt continues to pile up at an alarming rate (the debt rises), the accounts show that the quality of its revenues remains questionable as ever. 


Table of changes in net short positions - week to 28/10/2014

2014-10-30 08:01:10

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (green if short reduced, red if increased)...


Avanti Communications... the debt rises

2014-10-23 08:11:45

I finally got round to reading Avanti's year end results to 30th June 2014 (released on 15th September 2014). And then I shorted some more stock. 


Avanti Communications – Results all spin no substance & hidden revenue warning (again)

2014-09-15 08:18:43

Avanti Communications (AVN) served up full year numbers today and it all looks great. Uber-bombast CEO David Williams, who admits to misleading investors in the past, has put a great spin on what is actually a dog’s dinner. Take the four bullet points financial highlights. Three of them are a half truth, misleading or an outright lie respectively. And there are good reasons not to believe the fourth at all!


PR spinning, share price obsession, misleading investors – Avanti Communicatons, look to sell on Monday results

2014-09-14 08:48:15

Avanti Communications (AVN) is a Bulletin Board darling which spews out more than its fair share of Red flag warnings. Its obsession with its share price is understandable given that it needs to get away yet another equity fundraising within 12 months. And hence I draw your attention to a release issued on Friday.


I’ve just arranged contracts for my luxury yacht but er….Avanti announcement today

2014-08-11 10:25:00

I’ve just arranged contracts on that luxury yacht I like, a bit like Bill Gates’ one but bigger.  It will be delivered in 2017 and launched from Wigan Pier. Okay that is not true but I mention it apropos of the latest hogwash announcement from prize bombast and Uber-Welsh David Williams of Avanti Communications (AVN).


Avanti Communications – Contract win: puff, puff, huff, puff – sell target is 100p

2014-08-05 08:06:22

Drowning in debt Avanti Communications (AVN) needs to get both another bond issue and an equity issue away in the next year to keep going. It has just issued a profits warning. Its accounts in recent years have raised almost as many red flags as Arthur Scargill and so what to do? Yes…announce another contract win.


Avanti – The Profits warning does not stack up

2014-07-19 14:38:07

Naturally I am delighted to see bombastic uber-Welsh Avanti Communications (AVN) boss David Williams have to eat humble pie and serve up a profits warning on Friday. But what the statement says and what it does not say is just terribly confusing. I start on June 13th when Avanti stated:


Ref Avanti Communications, Globo, Quindell, blinkx etc LISTEN to Vin Murria in this video

2014-07-18 09:01:37

And so Avanti Communications (AVN) has served up a duff trading statement as we warned you 9 days ago in our top 10 stocks to short feature HERE.  Which tech dud will be next? Globo (GBO), Quindell (QPP) - ref Himex or perhaps blinkx (BLNX)? Again! To understand how to make money from tech stocks listen to the maestros in the video below from UK Investor Show, notably Vin Murria, the Queen of tech who is on top (outspoken) form.


Avanti Communications – The “Trading Update” and Expectations – Sell

2014-07-10 11:13:22

Avanti Communications (AVN) is now officially my Victor Meldrew stock: “I just do not believe it!” Last week it served up a “contract win” announcement that was utterly incredible. Now for this, drowning in debt, needs to raise equity Company we turn to the mystery of the full year trading statement.


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

2014-07-07 10:33:15

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.


The Richard Wilson Moment for Avanti Communications and its Contract today” I just don’t believe it!”

2014-07-04 09:54:28

When a company issues an RNS which is frankly incredible – that is to say unbelievable on the known facts – that should be a massive Red Flag moment. If that company has a long record of missing targets and burning cash and is also drowning in debt then it is a stinking sell. And that brings me to Avanti Communications (AVN) up at 253p after a contract win announced today. Hmmmmm.


The Battle of the Bombasts on Avanti Communications: Evil Knievil vs. David Williams

2014-05-28 07:54:38

There is little doubt that the two most bombastic men in the City are Avanti Communications (AVN) CEO David Williams and bear raider Evil Knievil.  The battle continues as we can reveal exclusively.


Avanti Quarterlies: When is the next fund raise & what is the real debt? Matt Earl kicks off

2014-05-12 10:51:21

Bear raider Matt Earl, the “dark destroyer”, has added to his Avanti short this morning. He reckons that debt today is materially higher than that stated as at 31st March and that a rescue refinancing is “a strong possibility” this year. Earl says that “Gravity may be about to kick in.” 


Avanti Communications remains a stonking short

2014-02-23 17:22:44

The initial market reaction to Avanti’s (LSE:AVN) interims to Dec 2013, released last week, was to mark the shares higher. This was no doubt a knee jerk reaction to a trumpeted 81% increase in sales and the bullish sounding flannel which preceded the numbers themselves. 


Avanti Communications: Above 220p, and only above 220p, points to 260p

2014-02-12 13:34:37

Avanti Communications (AVN), the satellite group, probably has the distinction of being a company whose fundamental profile is almost as unfathomable as is its technical. I say, despite last year’s “predictable” bull flag breakdown, which heralded a halving of the share price.


Matt Earl (The Dark Destroyer) says Avanti will miss full year forecasts and warns on numerous red flags

2014-02-12 11:57:46

Matt Earl, the bear raider known as The Dark Destroyer remains short of Avanti Communications (AVN) and takes hear from this morning’s interims. He warns that “the chances of Avanti achieving its FY 2014 consensus forecasts are slim to none.”


Avanti Communications: Above 225p Targets 260p Plus – Just

2014-01-07 16:27:13

Even fans of the fundamentals of Avanti Communications (AVN) would agree that their company is an enigmatic one to say the least. What is interesting at the moment is the way that the charting position on the daily timeframe reflects such uncertainties in the way that we are almost equally divided between regarding the technical glass here as either half empty or half full.


Lucian Miers shares to short tips of the year 2014 Number 2 – Avanti Communications

2013-12-30 18:47:04

The share tips of the year for 2014 from HotStockRockets is delayed until tomorrow – instead, the Bard of the Boleyn, infamous short seller Lucian Miers has returned from Scotland and has revealed exclusively to his Nifty Fifty colleague Tom Winnifrith his FIVE tips of the year to short, to sell as he predicts disaster ahead. Number 2 is Avanti Communications (AVN) at 253p – a disaster waiting to happen.


Avanti Communications: Buy at 213p - Probable Move To 245p Initially

2013-11-14 14:01:24

Shares in Avanti Communications (AVN) are volatile and unpredictable even at the best of times. But they have behaved themselves quite well in the recent past from a technical perspective.


Avanti Communications: Buy at 213p - Probable Move To 245p Initially

2013-11-14 12:27:32

Shares in Avanti Communications (AVN) are volatile and unpredictable even at the best of times. But they have behaved themselves quite well in the recent past from a technical perspective.


Avanti Communications: Matt Earl ( The Dark Destroyer) weighs in ahead of AGM Tomorrow

2013-11-13 14:34:44

The dark Destroyer, Matt Earl is short of Avanti Communications (AVN) and so unlikely to be welcome at what will be a tightly controlled AGM tomorrow. Dissent will not be tolerated one suspect. But should anyone feel brave enough to tackle the King of the bombasts, uber-Welsh CEO David Williams...


Avanti a rare shorting opportunity in a bull market

2013-10-18 15:39:54

It has not been easy being a bear recently as the market rally has seen rises across the board, taking many “ jam tomorrow” stocks with it for no apparent reason. This is mostly a market for waiting rather than acting but occasionally an opportunity for action will arise. One such opportunity may well be Avanti Communications (AVN)


Avanti a rare shorting opportunity in a bull market

2013-10-18 15:39:54

It has not been easy being a bear recently as the market rally has seen rises across the board, taking many “ jam tomorrow” stocks with it for no apparent reason. This is mostly a market for waiting rather than acting but occasionally an opportunity for action will arise. One such opportunity may well be Avanti Communications (AVN)


Sell Avanti Communications at 234p – A horrid accident waiting to happen

2013-10-11 08:39:53

I once believed in Avanti Communications (AVN). I also used to believe in the tooth fairy, Santa Claus and the idea that West Ham might one day win something again. How naïve. A while back I became a mild sceptic. I am now convinced that this is a colossal accident waiting to happen and should be shorted aggressively. It is my top AIM short to pay for Christmas.


Avanti Communications down to 235p – next stop 195p

2013-10-09 15:06:36

I am amazed at the way that the fundamentalists are divided on this company. The bulls (lead naturally by the house broker) reckon that in the long run the shares are worth north of £10. The bears (led by Matthew Earl) seem to think that fair value is rather closer to 0p. That gives we sad chartists our opportunity.


Avanti Communications - a pissed off shareholder writes...

2013-07-10 10:10:17

In a piece last week (see HERE) on AIM-listed satellite operator Avanti Communications (AVN) – in which I own some shares as a speculative investment – I noted that if the company is able to fill capacity on its satellites as planned discounted cash flow valuations suggested a multiple of the prevailing share price but that its trajectory as a still emerging company was unlikely to be smooth from here. This followed some commentary on the company which had strongly focused on the lack of an Interim Management Statement in May as there was one in May 2012 – though the company had since updated that a year-end trading statement would be forthcoming. This has now been published…


Avanti Communications is NOT investment grade material says Evil Knievil

2013-07-10 04:53:10

Bear raider Evil Knievil ( Simon Cawkwell) has been short of Avanti Communications (AVN) a good while and after today’s profits warning he says that he remains short, telling me that “Avanti is simply not investment grade material.” Cawkwell says that Avanti may turn the corner but equally it could disappear altogether. He says that he has no intention of closing his short.


Avanti Communications - analysis ahead of year-end trading update

2013-07-02 09:56:06

Firstly a declaration that I own some shares in this AIM-listed satellite operator as a speculative investment. Shares in Avanti Communications (AVN) performed very strongly in 2009 and 2010 – reaching 735p in December of the latter year. However, they have since disappointed and currently trade at 250p, capitalising the company at just under £280 million.


Rock 'N Roll Charting: Avanti Communications, Flag Breakdown

2013-06-01 07:38:51

DJ Zak Mir takes a technical look at the latest "hit" from the satellite communications group.


Avanti Communications – still a short and no IMS (It’s Official)

2013-05-31 01:44:20

I welcome the damascene conversion of Tom Winnifrith to the bear case for Avanti Communications (AVN). It has never satisfied me as to its interesting accounting policies and I remain short. And I feel more encouraged by the lack of an Interim Management Statement.


Avanti Communications – Something Not Right (sell) 

2013-05-28 05:32:24

I first recommended shares in 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.


Buy Avanti Communications (AVN): Delayed Upside

2013-05-15 07:54:17

One of the better rules both in the market and as far as life in general is concerned, is that if something takes too long, you should smell a rat.


Buy Avanti Communications (AVN): Bull Flag Targets 380p While 280p Supports

2013-04-30 01:09:58

Satellite operator Avanti Communications is one of those companies that clearly divides traders and investors right down the middle.


Buy Avanti Communications (AVN): Above 280p Targets 360p Plus

2013-04-11 00:50:23

To say the least there has been something of a two way pull on the fundamental side as far as Avanti Communication is concerned over the past year, with fans of the satellite broadband providing regarding it as go – go tech stock winner, while its all its detractors point to widened losses for the half year, lowered broker revenue forecasts and cash burn issues.


Avanti Communications Interims – The Company is Delivering, Evil, Lucian and the bears have been shown to be wrong

2013-02-12 10:54:45

Bear raiders Lucian Miers and Evil Knievil are meeting for lunch today. I know, as I was invited but my liver is not up to it. However the main course should be humble pie. The bears predicted that Avanti would miss its targets at the interim stage. Moreover the results demonstrate very clearly that it is already more than two thirds of the way to hitting 2014 (not a misprint) numbers and that it continues to win business. The shares are a buy at 265p and could move sharply as the bears are squeezed. I sense that margin calls could well be served up at Evil towers today in time for pudding.


Avanti Communications – A Day to Buy as Results Go Down Badly

2012-10-10 11:33:53

Shares in AIM listed satellite operator Avanti Communications (AVN) have slumped today by 62.75p to 286p after results for the year to June 30th 2012 were announced and were received poorly. Adding to Avanti’s misery bear raider Evil Knievil announced that he had gone short at 295p. He is wrong and this is a buying opportunity. I say this as someone who tipped the shares first at 116p in August 2004 and who has continually rated them as a buy at anything up to an all time high of almost £8. I still believe that the shares will in due course move sharply higher and my target price is £16.81. Here is why.

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