From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

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

By Tom Winnifrith, The Sheriff of AIM | Saturday 11 June 2016


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 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?


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 05:44:32