Avanti win BT contract

I have mentioned Avanti Communications several times on my blog. It's a speculative investment that I have made and, as such, I certainly wouldn't "bet the farm" on it. However, I am encouraged by the progress that they are now making and the contracts that they are winning. This morning they have announced a new contract with BT:-

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12611890.html

This contract is highly significant since it provides a ringing endorsement of Avanti's technology from BT and the British Government.

Avanti has been a popular target for the shorters. Who knows what the future holds, but I would suggest that there are better targets to short than Avanti, particularly after today's news.

Avanti also boasts Facebook as a client and all of the national carriers in its core African markets.

My gut feeling is that they may be reaching a tipping point in their favour and that growth will accelerate from here. We shall see. There also remains the possibility that one of their larger clients may eventually fancy acquiring the whole group.

As speculative investments go, I am relatively happy with a long term hold here. Given this mornings news, I certainly wouldn't be comfortable holding a short position. Each to their own I suppose.