Avanti shares crashdive after revenues warning before recovering slightly

by | Jul 12, 2013 | Seradata News | 0 comments

Avanti Commnications, the London-based firm which offers Ka-band broadband communicaions coverage across the Mediterranean, Africa and the Middle East using its Hylas 1 and Hylas 2 communcations satellites, suffered a share-price drop of 40% ending up at 145p by the close on 10 July after the firm revealed that it would not make its revenue targets.  The following day, when it became known that Avanti’s CEO David Williams was buying his own firm’s shares, Avanti’s stock price rose 14%.

Comment by David Todd: While the mediterranean region has had more than its fair share of economic problems which would hinder revenue growth for satellite services, there are other factors.  Avanti noted that part of the reason why its revenues were growing slower than expected was because of delays in the completion of some expected contracts from Africa.

About Seradata

Seradata produce the renowned Seradata database. Trusted by over 100 of the world’s leading Space organisations, Seradata is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9RoscosmosevaDGAspacewalkaviation weekaressoyuzIGTInternational Space StationRocket LabBeidouawardsBlue OriginspaceStarlinkSatellite broadcastingrussiamoonboeingAirbus DSISROCargo Return VehiclemarsblogresearchOneWebspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegabarack obamaconstellationSEStourismnorthfiguresthales alenia spacespaceflightnode 2fundedIntelsatRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiomissilesuborbitaldocking portexplorationAriane 5 ECAVirgin OrbittestinternetLong March 2D/2sts-122Ariane 5Northrop GrummanSLSChina Manned Space EngineeringElectronflightspace tourism2010cotsnewspapermissile defensegalileospaceportExpress AMU 1Long March 4Cbuildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttleEuropean Space AgencyLauncherOneCosmosIntelsat 23scaled compositesnew yorkrulesAriane 6hanleybudgetatvVietnamshenzhoucongressMojaveboldenLong March 2COrbital ATKInmarsatcnesnew shepardiaclunar landerGuiana Space CenterkscApollolawsSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AILSprotonUS Air ForceTalulah RileydarpaElectron KSFalcon 9v1.2 Block 5Vega CeuAstriumSkylonpicturebaseusaastronautdragonlanderfiveeventTelesatNorth KoreaSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor