AVA announces Cap REturn of 16cps (Subject to ATO Ruling)

Please do you own research but I reasonably sure that this means that it will go off the cost price of your shares not as a dividend

AKA If you bought 100 shares at 30cps then you would deduct the 16cps from the 30cps share to get a new Cost Price of 14cps...

I know this is how my accountant has treated some Cap ital Returns in the past

$1.8+ million Multi-Site Rail Contract Award

Ava Risk Group Limited (ASX: AVA) (“Ava Group” or “Company”) is pleased to announce that its world leading Aura Ai sensing solution has been selected to be deployed for a multi-site program to upgrade security at certain major rail facilities in South America:

•  Security upgrade program with total award value of more than US$1.40 million (A$1.84 million).
•  Multiple Aura Ai-2 systems will be fully integrated with the customer’s existing video management software and CCTV system.
•  First purchase order received exceeding US$0.47million (A$0.61 million).
•  Initial deployment at first sites in early Q4 FY2021 with the balance of sites expected for deployment before the end of Q4 FY2021.

Disc; I hold....

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02357253-3A564166?access_token=83ff96335c2d45a094df02a206a39ff4

 Correction statement to February 2021 Investor presentation

Ava Risk Group Limited (ASX: AVA) (“Ava Group” or “Company”) wishes to advise of a typographically error on Slide 13 of the investor presentation released to market yesterday. The 3rd bullet point which read “Total contract value estimated at US$11.9M+ (A$16.7M+)” should have read “Total contract value estimated at US$11.9M+ (A$15.6M+)”. The error was due to use of a prior, rather than current USD/AUD exchange rate. Management apologies for the error.

INVESTOR PRESENTATION INCLUDES PRELIMINARY H1 FY2021 

HIGHLIGHTS:

STRONG REVENUE GROWTH

• FY2020 revenues $46.1M, increased by 46% over PCP

• 1H FY2021* revenues $35M, increased by 70% over PCP

HIGHLY SCALABLE MODEL

• Multiple new customer wins in both Services and Technology Divisions

• Significant conversion of repeat customers upgrading products on multiple sites

• FY2020 generated $6.0M net operating cashflow, 1H FY2021* generated $8.2M

STRONG COMPETITIVE ADVANTAGE'

• Highly defensible competitive position, breadth of product range, performance and blue-chip customer base

• Experienced leadership team, with broad global industry knowledge and deep market sector understanding

GLOBAL EXPANSION OPPORTUNITIES

• Expanding technology and services sales efforts into several new attractive markets globally

• Highly competent global sales force with significant pipeline of known technology projects, and increasing addressable customer spend for provision of valuable logistics services

• Thousands of products installed in more than 70 countries

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02336851-3A560484?access_token=83ff96335c2d45a094df02a206a39ff4

DISC: I hold in strawman and TRW