Avanti has posted weak contract order backlog growth. There are positive comments about demand being there and in the pipeline, but the contract order backlog has barely moved in six months. On preliminary reading, we see nothing to get too enthused about. Hold maintained.
JULIAN MORSE | CENKOS
Avanti has delivered results in line with our expectations. This was a transformational year for the and 2012 has equal promise. Yet in direct contradiction to the progress that is clearly being achieved, the shares languish at a two year low.
MIKE JEREMY | DANIEL STEWART
The company highlighted the successful launch of HYLAS 1, with commercial operations having commenced in April. Avanti reports a total pipeline of new business for HYLAS 1 and 2 of £473m. Its Payment in Kind (Pik) debt was repaid via a £70m equity raise. Buy