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
29 Feb 2016
New customer in Turkey
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
New customer in Turkey
Avanti Communications Group (AVN:LON) | 0 0 (-5.1%) | Mkt Cap: 13.6m
- Published:
29 Feb 2016 -
Author:
Andy Chambers -
Pages:
2
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