Ava Risk Group Limited

ASX:AVA

Ava Risk Group Limited

ASX:AVA
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$0.125 (-3.8%)
Last close price
#22
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64
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105
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Reports (16) My Report Forum Investors
Forum Topics AVA AVA Contract wins

Pinned straw:
Strawman
Added 11 months ago

AVA today announced, after market close, that they had won a number of important contracts relating to its fibre sensing business.

In aggregate, it says it is expecting more than $10m in sales orders for Q2, which would be a record for the company and a big improvement on the $8m-odd generated in Q1.

Maybe this will help shake shares out of their malaise when trade resumes tomorrow?

ASX announcement here:

multiple contracts won for ava risk groups aix fibre tech1703050260pdf.pdf
Bushmanpat
Added 11 months ago

This is encouraging news but I would have liked to have seen some mention of ongoing support. They all seem to be installation. Hopefully there will be upgrades and support to these systems once they've been in place a while. Still, the US state-based corrections contract is good, one facility led to another four within a year. The global nature of the contracts is also encouraging. Fingers crossed 2024 is the year AVA gets "discovered" by the market.

23
rmoss
Added 11 months ago

Fingers crossed you are right, malaise is a very polite way to put it, the market has totally lost interest, the volumes for calendar 2023 are beyond thin even for a small cap. I’m hoping for a small uptick but think it won’t sustain until these reported deals start showing up as a cashflow positive sustainable business. Not sure we are there just yet but hopeful

24
edgescape
Added 11 months ago

Share price still staying around 16.5c and not doing much

I had a read of that announcement again and I'll try and explain my thoughts on the stagnant share price.

I don't think little contracts like that which add up to a total of $10m will do much because they are not "attention-grabbing" enough and maybe the margin on each might be small.

I think what AVA needs to really get people excited are bigger individual contracts worth $10m+ each such as that large contract with the Indian Government that happened years ago. I could be wrong with the figures as I remember this work happened years ago in 2020

Encouraging, but not ready to buy yet. Still on the watchlist though.

Adding that I was a previous holder

20
Bushmanpat
Added 11 months ago

@edgescape I think your second last paragraph is what explains the stagnant share price. It is probably the prevailing sentiment among potential investors and fund managers.

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