I first recommended shares in AIM Listed Avanti Communications (AVN) back at 116p years ago. I was still bullish all the way up to c800p when it launched its first HYLAS satellite since when the shares have headed only one way. They now trade at 279p .I apologise for not selling a long time ago on this share tip.
The bull case remains that if the company can fill capacity as planned on its two satellites in space and a third set to launch in a couple of years it will be chucking off cash like there is no tomorrow and as such one can attribute a valuation of £15 or whatever to the shares.
The bear case is
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