Avanti Communications Group Plc Share Price

Shame - the RNS started really positively:

David Williams, Avanti's CEO said:

'Our product delivers the highest quality and flexibility in the market. As a result we have won some of the best contracts with the most prestigious customers. These included a contract with Telkom SA to provide national high speed broadband coverage across South Africa and in the UK a contract with BT to provide universal high speed national broadband under the Government's Broadband Delivery scheme. Our Defence business grew strongly with major contracts worth more than $30m. Our growth prospects are supported by both our recent order wins and a very strong pipeline of near term opportunities that are in advanced stages of negotiation. Avanti is strongly capitalised with more than adequate cash headroom. In a pioneering market, the combination of a good product, good customers and a fully funded model ***ures us that Avanti has a successful trajectory ahead.'

-----

...but it didn't help they posted a significant loss, and if you look at the last 3 years figures, this appears to be a bit of a growing trend.