Avanti Communications (AVN)

Business description

Avanti Communications is a London-based fixed satellite services provider. It sells satellite data communications services to service providers in its key markets of enterprise, broadband, carrier services and government. It has Ka-band capacity on four satellites, with two launches due in 2017.

Stock data

Market cap.£11.6m
Last close8.12p
High / Low (52 weeks)26.5p / 6.3p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAerospace & Defence

Price performance

%1m3m12m
Actual5.2(12.5)(64.7)
Relative *4.0(14)(67.5)

* % Relative to local index

Other companies in sector Show

Company news

CEO of Avanti Communications steps down

Thu, 10 Aug 2017 09:15:58 GMT

Avanti Communications gets a boost from a proposed refinancing as sale plans ...

Tue, 20 Dec 2016 09:31:00 GMT

Avanti Communications Group PLC announces first contract win

Fri, 11 Mar 2016 12:11:02 GMT

Avanti Communications warns new contract wins will not generate “material ...

Wed, 31 May 2017 09:04:49 GMT

Avanti Communications fired up by debt refinancing

Fri, 16 Jun 2017 08:39:01 GMT

Investment summary

The company has announced a proposed financial restructuring that should clear the way to resume more normal operations. FY17 results are still to be released, and are expected in January 2018. Until we have a more current financial base to work from, we are withdrawing our forecasts. That is not to say that existing shareholders may not finally benefit from the restructuring. In our opinion, greater risk lies with the proposals not proceeding. The debt for equity swap, interest savings and discount being assumed by the bondholders should provide a solid foundation for Avanti to execute its strategy, with an improved prospect for equity holders.

Last updated on 15/12/2017

Y/E Jun Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 85.2 12.5 (73.3) (61.4) N/A N/A
2016A 82.8 4.6 (67.0) (49.3) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 13/12/2017

Latest research

Latest video

Executive Interview - Avanti Communications

Industry outlook

Avanti is building a Ka-band satellite network to service broadband connectivity for underserviced markets and remote locations in EMEA. In these markets it has been a first mover and it currently owns and operates three satellites in geostationary orbit. The company's increasing focus on Africa is a reflection of the expected rapid growth of demand for data transmission in the region. The potential in the market appears to be validated by competitor announcements of future deployment of Ka-band capacity servicing Africa.

Last updated on 13/12/2017

Key management

Nigel Fox, FD

Company address

Cobham House
20 Black Friars Lane
London
EC4V 6EB
United Kingdom
+44 (0) 207 749 1600
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