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Avanti Energy Inc (AVN) - Oil & Gas - Deals and Alliances Profile
Summary Avanti Energy Inc (Avanti Energy), formerly Overlord Capital Ltd is an oil and gas company that acquires, explores and evaluates oil and gas properties. The company offers re-developing the existing onshore oil fields in mature basins. It re-enters and drills new wells in the Cowpen Creek Field area of Beauregard, Parish, Louisiana. Avanti Energy also offers development of proven and probale gas reserves in Central Italy. The company provides maturing of onshore oil fields in favor of o...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Flash note: Valuing the other
SES has announced its intention to buy the outstanding 49.5% minority in O3b, the medium earth orbit (MEO) Ka-band high throughput satellite (HTS) constellation. SES is paying $2.6bn in EV (including $1.2bn of 9.5% coupon debt) and is to complete the outstanding $600m capex programme to deploy the fleet. The purchase represents an EV/sales multiple of 26x expected FY16 revenues. The valuation has interesting read across to Avanti as it reflects the value the industry is placing on the newer HTS ...
Flash note: Satellites tracking well
Avanti has reported Q3 trading that not only allows it to maintain its guidance for revenue growth, delivering a positive EBITDA in Q3, but clearly indicates a path towards free cash generation. With contract momentum building with high quality customers, recurring revenues are growing, satellite capex is almost complete and the financing facilities nearing finalisation appear more than sufficient to execute the plan. As this progress becomes more widely appreciated, we expect the share price to...
Update: Major contract win
Avanti has announced a major new cellular backhaul contract with EE in the UK, demonstrating continued growth in this important segment of demand. The upcoming Q3 trading statement will provide an opportunity for Avanti to update and reassure the market that it remains on track to deliver on its plans. As this becomes increasingly evident, we would expect the shares to progressively reflect the potential of the cash-flow based valuations, which suggest substantial current undervaluation, with fu...
Flash note: New customer in Turkey
In our view Avanti’s recent positive news significantly outweighs the neutral in terms of equity value. Avanti has announced a new contract for the provision of services to İşNet in Turkey. Meanwhile, S&P placed the bond issue on CreditWatch Negative, which has no meaningful impact on the financials, nor would it if S&P joins Moody’s on a lower rating. As Avanti builds its sales and cash flows, the rating announcement should prove irrelevant. We maintain our view that the potential equity ...
Initiation: Bouncing signals
Avanti Communications is a play on the growing demand for high-throughput data transmission for broadband in EMEA, using its Ka-band satellite network. With capacity already successfully deployed, the company is in a revenue build phase having financed two new satellites. If H216 recurring revenue guidance is achieved, it augurs well for future cash delivery and therefore the value of the currently debt-encumbered equity.
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