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AVA - AVA Risk Group

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AVA Global Unit sold, cash awaiting payout



• Sale price of US$46.4 million (A$62.6 million) with anticipated net cash proceeds of US$31.1 million (A$41.9 million) after closing adjustments, and payment of management incentives and FY2021 accrued bonuses
• Net cash investment return to Ava Risk Group of circa 587%
• Ava Risk Group now comprises of leading security sensing solution provider Future Fibre Technologies, and high security access control and electronic locking provider BQT Solutions.
 
sell first ; ask questions after

AVA down 15% of feeble results. Revenue down and guidance looks to be same. Going backwards at present.

• Divestment of Services Division completed, delivering a cash return of $41.9m
• Group Revenue of $15.0m for the 3 months to 30 September 2021, down 7.7% on FY2021 quarterly average
• Group Gross Margin of 38% compared to 49% for FY2021, reflecting lower IMOD licence fees and lower margins from Services Division
• Group EBITDA of $2.0m reflecting lower sales and gross margins
• FFT Q1 FY2022 sales revenue excluding IMOD was up 23% on FY2021 quarterly average
• IMOD and BQT as well as converting FFT orders into sales all impacted by COVID-19 factors, including delivery delays, travel restrictions, NSW lockdowns and delayed decision making
• Technology Division backlog of $6.5m, up 51% on Q4 FY2021
• Strong financial position with consolidated net cash of $21m cash and no debt
• 1H FY2022 Guidance: Group Revenue of $20.2m to $21.2m and Group EBITDA of $2.2m to $2.5m
 
Annual Tip pick - Management are talking up the sales/revenue pipeline after an ordinary 2021.
 
Dear Mr Litis Request for Trading Halt Pursuant to ASX Listing Rul 17.1

Ava Risk Group Limited ACN 064 089 318 (AVA, ASX: AVA) requests the immediate implementation of a trading halt in its securities, being fully paid ordinary shares, to apply from time of receipt of this request by ASX and until the earlier of the commencement of trading on 13 February 2024.

For the purposes of ASX Listing Rule 17.1 AVA provides the following information:

(a) AVA expects to release an announcement containing further details in relation to a material contract;
(b) AVA requests that the trading half remain in place until the earlier of the release of an announcement containing further details in relation to a material contract, and the commencement of trading on 13 February 2024; and
(c) AVA is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

i do not hold this share


a bit late now , perhaps ??
 

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divs4ever said:
(a) AVA expects to release an announcement containing further details in relation to a material contract;
Click to expand...
yep .... Dorothy want more.



... (Signing) the Telstra Supply Agreement with Telstra Group, establish(es) a substantial opportunity within the large and globally addressable telecommunications vertical. The TSA represents a significant milestone for the Company and is the culmination of 10 months of collaboration, including product trials with Telstra and its customers. It is a clear demonstration of the adaptability of the Company’s technology to adjacent applications, such as telecommunications, which opens significant new markets to the Company.

Ava Risk Group successfully completed a number of trials with Telstra, including monitoring of its urban fibre network in metropolitan Melbourne and the subsea fibre cables in the Port of Darwin. The trials demonstrated the superior ability of our sensing technology to be deployed to Telstra’s existing fibre network to detect events and provide appropriate classification and reporting. It provides a rich source of data to Telstra, and effectively turns the existing fibre network into sensors.

In addition, our fibre sensing technology provides continual monitoring and asset protection for the network, helping to protect it against potential fibre cable strikes. An initial area of commercial focus will be on the fibre optic assets of Telstra InfraCo, which is responsible for 250,000 kilometres of fibre optic cable, 8,200 mobile towers, 10,000 exchanges, two data centres and access to 400,000 kilometres of subsea cable.

Ava Risk Group CEO, Mal Maginnis commented: “Signing a preferred supplier agreement with Telstra is a very significant milestone for Ava Risk Group. It underscores the strength of our market-leading solutions and is testament to our commitment to innovation to meet the evolving needs of our global client base. It clearly
demonstrates that our sensing technology, which has evolved from security solutions, can be deployed to multiple applications. This collaboration cements our position as a trusted supplier, and we look forward to working extensively with Telstra.”
“With more than 5 billion kilometres of fibre optic cable deployed globally (as at 2022), the agreement with Telstra Group represents the entry into a large and attractive market vertical for Ava Risk Group’s technology."
 
yes but that release was at 9.20 am ( according to Commsec )

the trading pause was put in place at 10.42 am

nice for some ( i don't see a deal with TLS as an automatically good thing )
 
divs4ever said:
yes but that release was at 9.20 am ( according to Commsec )

the trading pause was put in place at 10.42 am

nice for some ( i don't see a deal with TLS as an automatically good thing )
Click to expand...
that was my point ... a Announcement is made, which includes "very significant milestone for Ava Risk Group" but scant other detail, and then their reply to ASX is " AVA expects to release an announcement containing further details in relation to a material contract".

.
This sort of technology has had promising press, but the issue, as I understand it, has been Signal to Noise (Ratio). Maybe the trials have indeed "demonstrated the superior ability of our sensing technology ", sufficient for Telstra to take it up.
 
09/02/20242:54 pm AEDT


Ava Risk Group Limited (ASX: AVA) –

Suspension from Quotation

Description The securities of Ava Risk Group Limited (‘AVA’) will be suspended from quotation immediately under Listing Rule 17.3, pending the release of a satisfactory response to an ASX Query Letter regarding the announcements it has made today.
 
AVA back trading ... between 18c and 19c

ASX calling it


.
and further on

2.3 Why didn’t AVA provide the additional information contained in the Supplementary Announcement in the Announcement?

As detailed above, whilst the Company believes that the information contained in the Announcement was and is consistent with its disclosure obligations, on reflection, having received feedback from ASX,
the Company acknowledges that the clarifying statements made in the Supplementary Announcement, including linking back to previously released information (namely the comments made at the AGM) may have avoided confusion as to why the Company believed the Announcement was material.

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can we leave the naughty corner now?
 
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