Wednesday 23 March 2011

Will this share price fly into orbit?

Directors in Avanti Communications are clearly confident about the company's future prospects. Over recent weeks they've been piling in and picking up large tranches of the company's shares.

It's not a company that I'll invest in though, despite their enthusiasm. I wouldn't know where to start in making a sensible valuation. Opinion seems to be divided about whether Avanti is currently overvalued or undervalued. A bit like their satellites, the share price will either fly into orbit or come crashing to earth.

I have put them on my monitor, but only out of curiosity. It's funny how some situations capture your interest even when you don't have a pecuniary interest.

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