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.

Bloody useless share!;o)

At least Hylas is insured, so if it goes AWOL all will not be lost. Just the signal! Oh, and the revenue until a new one is built. That will only take a couple of days won't it?!

skinny ... uck off :-)


Look on the bright side tabby , chances of two in a row getting lost has got to be massive as you would know.

12 by xmas.

PS ... Aussie bid underwritten tabby ???? , no wonder the mdx muppets have gone quiet :-)

AVN 1180p by xmas

Keep some room in yer boots for MML, AGQ and IQE as well.

Crowd arriving !

Light the blue touchpaper so that I can retire, please!

Have a look at the peformance of my 3 tips!

:-)

Not doing too badly are they Dai?!! BPC is doing quite well too! ;o) Also, keep an eye out for RRR. However, C'MON AVN!!!

Oi skinny .... what you think of my timing now ???

:-)

Mine aint so bad either

Top notch Dil :-)

lol skinny.


... we'll make an investor of you yet tabby :-)

FCUK OFF TWAT!

Its Gausie you need to work on!best of luck there?

Can't remember Gausie buying MDX all the way down tabby and claiming it was the best thing since sliced bread.

Can't remember Gausie making one good trade on BLNX all the way up Dil. He maintained it as over hypedand done his very small bo**ocks many times! my track record on AM is very lucky?

Going well again. And BPC & RRR! :o)

10 by Xmas still on Dil?

Nailed on Kim :-)

Kiss of death kim....

I'm confused now! ;o)