Avanti Communications launches second satellite
3rd Aug 2012 09:19
Avanti Communications has successfully launched its second satellite which it hopes will rake in big profits providing data services to emerging markets. The HYLAS 2 was launched from the European Spaceport in Kourou, French Guiana on Thursday night. It will now go through three months of testing
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
Read moreWednesday broker round-up
27th Jun 2012 09:20
Alliance Pharma: Investec downgrades from buy to hold, target slashed from 34p to 25p. APR Energy: Credit Suisse keeps outperform rating and 1,300p target. Aviva: Jefferies downgrades from buy to hold, target cut from 386p to 281p. Avanti Comms: Jefferies retains buy rating and 600p target. Brit
Read moreAvanti on track in 2012
14th May 2012 10:51
AIM-listed satellite operator Avanti Communications said its revenue was in line with house broker estimates for the financial year to 30 June 2012. The group said it had added £42.3m of backlog in the four months to the end of April. Backlog increased to £213m from the £181m reported at the of
Read moreMonday broker round-up - UPDATE
14th May 2012 07:48
Antofagasta: AlphaValue downgrades from add to sell, target cut from 1,201.3p to 915p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Chariot Oil & Gas: Jefferies keeps buy rating and 355p target; Merchant Securities keeps buy recommendation and 232.1p target. Dignity: In
Read moreSector movers: BT pulls telecoms lower
11th Apr 2012 16:14
Telecoms titan BT Group was dragging the fixed line telecommunications sector lower after a downgrade from JP Morgan Cazenove today. The US broker cut its rating from overweight to neutral saying it may struggle to grow revenues in 2012. Despite this, it still expects the firm to do well in the lon
Read moreAnother director dealing for Dunelm; AZ Electronic tech officer makes sale
8th Mar 2012 15:35
Donna Wharton, wife of Nick Wharton, the Chief Executive of homewares firm Dunelm, has topped up her stake in the company with 9,500 shares. Wharton's purchase, which saw her buy the shares at 480.00p each for a total of £45,600, came just a day after Will Adderley, Executive Deputy Chairman, anno
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreAvanti Communications bags contract with STM
15th Feb 2012 07:27
AIM-listed satellite operator Avanti Communications says that US-based sector peer STM is to buy capacity on its HYLAS 1 satellite to enable it to launch Enterprise services in Spain. No financial information regarding to contract was given. HYLAS 1 is Avanti's first broadband satellite and uses '
Read moreAvanti´s half year losses widen
6th Feb 2012 10:11
Satellite operator Avanti Communications has reported widening half year losses for the six months ended December 31st after costs rose more than revenue, year-on-year. Gross losses increased from £0.2m to £2.3m, on revenues of £5.1m (2010: £1.4m). Cost of sales rose from £1.4m to £7.4m. Pre-tax
Read moreAvanti makes five year deal worth $7.3m
4th Jan 2012 13:20
Avanti Communications Group, the satellite operator, has sold capacity on its HYLAS 2 satellite to InSat in a five year deal worth $7.3m. Chief Executive of Avanti David Williams said: "We are now just a few months away from the launch of HYLAS 2 and I am pleased to note the capacity is selling wel
Read moreAvanti Comms wins £5m broadband contact
6th Dec 2011 08:12
AIM-listed satellite operator Avanti Communications has been awarded a £5m contract by the Regional Growth Fund. Avanti sells its satellite broadband services to telecoms firms who use them to supply residential, enterprise and institutional users. This contract relates to the the expansion of its
Read moreAvanti rises on BT deal
27th Oct 2011 14:03
Avanti's share price rose more than 3% after it announced an agreement with BT around the provision of its Business Internet Continuity product. The product uses a satellite broadband system to provide back up to terrestrial telecoms circuits, providing a highly diverse alternative routing for data
Read moreAvanti Communications chief tops up his stake, again
5th Oct 2011 14:21
Co-founder of satellite operator Avanti, David Williams, has upped his stake in the firm for the second time this week just days after the company reported a jump in full-year losses. The chief executive, who joined forces with co-founder David Bestwick in 2000, bought 19,420 shares at 254.8p per s
Read moreTuesday tips round-up: Electrocomponents, European Goldfields, Avanti...
4th Oct 2011 06:38
It's nearly two years since the Electrocomponents share price has been this low, says the Investment Column in the Independent. The aptly named distributor of electrical components has been under the cosh because of worries about the world economy. Taken as a whole, the first half numbers look fine
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