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Bullboard - Stock Discussion Forum Avante Corp V.XX

Alternate Symbol(s):  ALXXF

Avante Corp. is a provider of security operatives and technology enabled security solutions. The Company's activities are conducted through its subsidiaries, Avante Security Inc, Avante International Inc., Avante Holding Corp., The TOYBOXX Inc. and North Star Support Group S.R.L. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the... see more

TSXV:XX - Post Discussion

Avante Corp > Just bought some more
View:
Post by mlmack on Apr 01, 2022 10:28am

Just bought some more

$23.9 million works out to $0.90 / share. Selling seems to be way overdone !!!
Comment by hevin on Apr 01, 2022 10:43am
And add another 23 million which they should be able to get for Avante and we r around 1.80/share...way better than what we would have got before. Fingers crossed. Yep selling overdone.
Comment by deleuze68 on Apr 01, 2022 12:18pm
I've been buying heavily since they announced the new agreement. Have picked up 370K shares so far, a 7% position for me. 
Comment by Froggy1 on Apr 06, 2022 10:21am
Dude you got courage
Comment by Stonksonlyup90 on Apr 01, 2022 2:24pm
How do you arrive at $23M for the remaining business?
Comment by hevin on Apr 02, 2022 12:07am
Hey Stonk, some wishful thinking mixed with an approx 23 million in remaining avante rev, so a 1:1 price to rev...it seems reasonable considering the residential biz is quite stable....
Comment by Froggy1 on Apr 06, 2022 10:22am
The new business is run by Manny and Craig is out
Comment by Torontojay on Apr 01, 2022 6:25pm
  This looks like a really good deal now for shareholders.     
Comment by Stonksonlyup90 on Apr 01, 2022 6:51pm
By my calcs, you're looking at an Enterprise Value of roughly $4M after the deal closes.. you've got a lot of dry powder ($20M) to deploy and you have some huge names in Canadian business on the Board now.. I've been backing the truck up the last few days!!
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