Avanti Turnover projections
If the chairman states the 1st satelite ( Hylas1) will have sold out its available capacity by 2014 ( 3yrs from launch) at a total of £50M gbp..........and the second satelite ( Hylas 2) due to launch in June July 2012 is 3.25 the size & is projected to have sold 95% capacity by June 2015 - then the 4 traders financial projections appear to understate Turnover.
By June yr end 2013 Turnover Hylas 1 = 34M gbp Add £50M for Hylas 2 = £84M gbp
By June rr end 2015 Turnover Hylas 1 = 50M gbp add £140M for Hylas2 = £190M gbp
Hylas 3 ( already financed) due to launch in 2015 - it is difficult then to see Avanti making less than £100M PAT and having a PE of less than14 ...........that is a £1.4Billion market capitalisation in 3 years - possibly 4. It is currently MC £340M gbp
Why does the SP not resfalect this easily calculated growth path ? Am I stupid in expecting gains of over 500% in 3/4 years?