This is a BUY tip from Tom Winnifrith...

Sorry if this is rather boring as the market cap is now c 350 million but at 470p Avanti Communications (AVN) - a stock held in the SF t1ps Growth Fund - is really very cheap whichever way you look at it. It is now funded to launch 3 satellites into space ( and fully insured if the worst happens which will only delay the programme by 6 months anyway). You value Avanti by discounting back the net cashflows these satellites will generate. That depends on how much capacity is sold and at what price. Use a model based on very conservative assumptions and this stock is worth 13 ( the lowest valuation in the market). But that model uses assumptions about sales prices which are already being beaten by forward sales Avanti is booking today. Use those prices and you head up to the 22.50 value of house broker Cenkos. My own view is that Avanti will do better still and this stock could therefore be worth 25. Exc itement will mount as the first satellite is launched later this year. Remember those valuations are the Net Present Value of future cashflows ( i.e. what they are worth today). If you can buy at under 600p ( as you can now) you should do so and sit back and wait. I suspect after HYLAS 1 is launched you will never again be able to buy at less than 600p.

Had a small punt yesterday (your fault if it goes wrong Dil!!) so will be watching the launch with interest.

Here's the link again - Whoosh! :-)

We have lift off!!!

Train leaving platform five .... choo choo

Yep, bit premature though

+35 pts to the good on yesterdays S/B, will keep it open though and wait for the real excitement - hope it's the right kind of excitement.

Ramp bloody ramp :-)

MMs not interested at the moment in getting involved on the sell side of the book, although a few sell orders now appeared.

Make that +60.

Ramp bloody ramp :-)

I've taken a few off the table @653 - rude not to.

Scardey :-)

150p by Monday if we blow up and a tenner by xmas if we don't .... fill yer boots :-)

Me too, scaredy that is, but I have a daily trading target in mind and AVN has just provided 160% in 24hrs, so I'm happy with that.

Looks like its first class for tubby.

Fook, closed too early, in auction :-(

lol ... strap yerself in pt your along for the ride now mate

:-)

I just got a quote pt ... 667p , I laughed.

658p now

656.5p now

649p now

654p now

Calm down :-)

643p now

650p now

... sod it , be a tenner by xmas i'll wait

You should see me when I watch Wales stuff England :-)

You wish Dil!

Closed yesterday's position mate for +46, missed the top. But couldn't resist buying back in!

For once, the over-used term, 'strap yourself in, this shares is ready for lift off' is quite apt!!!!