I' m in. GI has been consolidating for a long time and we can expect the next rally is on the way, spurred by a turnaround.
Revenue up 13.8% to US$30.8M (Q1 FY2015: US$27.0M), including US$11.5M in three-month contributions from recently-acquired business Skyware GlobalFY2016 while net asset value per share was 20.05 U.S. cents as at 31 March 2016. The Group&rsquo s overall performance for Q1 FY2016 continued to be restricted by the current technology shift in the satellite ground equipment industry which occurs every eight to ten years. The Group expects sales to improve through FY2016. The Group has completed R& D work on next-generation Low Noise Block (&ldquo LNB&rdquo ) technology, which it expects to provide to a larger customer base by expanding its product range. The Group is focused on increasing sales and marketing activities in all territories &ndash including developing markets in South America, Malaysia and Indonesia &ndash and is monitoring opportunities in India and Africa. The Group expects to recognise further contributions from the inclusion of Skyware Global in its FY2016 results. In particular, the Group aims to increase its range of VSAT offerings, where its customer base includes a major U.S. broadcaster that intends to launch two new satellites later in the year. Mr Tony Taylor, Executive Chairman of Global Invacom, said, &ldquo Since the acquisition of Skyware Global, we have consolidated our supply chain footprint in the U.S. and strengthened both our management team and global sales network. We will continue to pursue global leadership in the research and production of Sat Comms equipment, and remain committed to providing premium satellite services to our clients.&rdquo
Think something is brewing. Have been up for two day , MTP play ?
Think can shoot up later
Revenue up 13.8% to US$30.8M (Q1 FY2015: US$27.0M), including US$11.5M in three-month contributions from recently-acquired business Skyware Global
FY2016 while net asset value per share was 20.05 U.S. cents as at 31 March 2016. The Group&rsquo s overall performance for Q1 FY2016 continued to be restricted by the current technology shift in the satellite ground equipment industry which occurs every eight to ten years. The Group expects sales to improve through FY2016. The Group has completed R& D work on next-generation Low Noise Block (&ldquo LNB&rdquo ) technology, which it expects to provide to a larger customer base by expanding its product range. The Group is focused on increasing sales and marketing activities in all territories &ndash including developing markets in South America, Malaysia and Indonesia &ndash and is monitoring opportunities in India and Africa. The Group expects to recognise further contributions from the inclusion of Skyware Global in its FY2016 results. In particular, the Group aims to increase its range of VSAT offerings, where its customer base includes a major U.S. broadcaster that intends to launch two new satellites later in the year. Mr Tony Taylor, Executive Chairman of Global Invacom, said, &ldquo Since the acquisition of Skyware Global, we have consolidated our supply chain footprint in the U.S. and strengthened both our management team and global sales network. We will continue to pursue global leadership in the research and production of Sat Comms equipment, and remain committed to providing premium satellite services to our clients.&rdquo
Anyone went to the AGM? Any information about the business potential for this year?
Pai seh 6 Jan 2014, can go see chart
Today 10.71% increase in share px with 2,498,200 volume (goodie volume). In 2013, Share px from 0.15 to 0.5 in 1 mth. ANything can happen
CEO Derick of Serial Systems is a major shareholder of G Invacom as well. He surely knows the Sats com industry inside out.
Volume is increasing, NAV 20 US cents = close to 30 S' pore cents, way undervalued. Hmm a buy buy call was made 2 weeks ago lol. ..
Review of the AGM
file:///C:/Users/user/Downloads/GIGL__AGM_Slides%20(1).pdf
1. First and final dividend of 0.525 Singapore cent for FY2014 (that is freaking alot), money raking in progress, dividends the nxt round
2. SKYWARE ACQUISITION &bull Largest acquisition (US$8.8M) since RTO, completed August 2015 &bull Based in North Carolina, U.S. designs, develops & manufactures antennas 67‐ year heritage &bull Covers C‐ , Ku‐ and Ka‐ frequency platforms for LNBs & VSAT &bull Expands Group&rsquo s product portfolio and customer base &bull In last few months, consolidated logistics/warehouse functions of North Carolina plant, yielded savings &bull Extending Skyware&rsquo s VSAT technology to Asian markets &bull Strengthened management, integrated global sales network and now ramping up marketing activities &bull Contributed four months&rsquo revenue in FY2015 full recognition in FY2016
3. CORPORATEHIGHLIGHTS &bull Acquisition of U.S.‐ based Skyware Global for US$8.8M &bull Experiencing once‐ in‐ a‐ decade technology shift to channel stacking led to de‐ stocking by key customers &bull FY2015 revenue declined to US$129.1M from US$134.1M Net loss of US$1.1M vs. net profit of US$5.1M, respectively &bull Paid dividend of 0.525 Singapore cent for FY2014 &bull Resumed share buyback Group holds 10.7M treasury shares as at end‐ FY2015 &bull SCE Enterprise acquired 12M treasury shares (4.4% stake in Group) for S$3.5M &bull Partnered Avanti (backed by Microsoft & ESA) to deliver satellite broadcast content over IP networks
4. INVESTOR RELATIONS ACTIVITIES &bull Results & Analyst Briefings &bull Media Features/Interviews &bull Retail & Investor Roadshows &bull Now covered by RHB Securities, Mirabaud Securities LLP and finnCap Ltd
5. INDUSTRY OUTLOOK &bull Revenues for the global satellite sector grew 4% in 2014* to US$203B (US$195.2B in 2013) &ndash Expected to continue growing on back of demand for digital TV services and communications infrastructure, together with advancements in broadcasting technology &bull Satellite Ground Equipment market valued at US$58.3B in 2014 &bull Replacement cycle of new technological developments in the industry &ndash Customers likely to manage inventory carefully, change procurement patterns &bull High demand for HD and 4K content from satellite broadcasters, especially in emerging markets tighter requirements for VSAT terminals and increased demand for consumer ground equipment *Source: The Satellite Industry Association&rsquo s 2015 State of the Satellite Industry Report
GROUP OUTLOOK &bull Continues to strengthen value proposition as a leading integrated Sat Comms player combine R& D with a global manufacturing footprint &bull Post‐ Skyware acquisition, Group has enlarged customer base and suite of capabilities will increase sales and marketing activities in South America, Africa (with a focus on South Africa), Europe and Southeast Asia &bull Continues to drive internal efficiencies intends to expand scope of manufacturing operations to Southeast Asia &bull Investments in R& D to drive long‐ term growth, deliver world‐ class equipment
Those who went for agm, any comments?
woo AGM meeting today, PX JUMP!
Got abit today for keeping. Good value at this price .... NAV - USD $0.2 (which is around SGD $0.27). Its 0.39 P/B.
Trading at 50% of its NAV, if not undervalued, don' t know what is. And also the worst is definitely over, Grab b4 its too late!!
花 無 百 日 紅
Still remember the days where this is traded to number 1 top volume 0.1+ -> 0.5 in 1 month. Now is traded in No.1 Top no Volume.
Still remember the days where this is traded to number 1 top volume 0.1+ -> 0.5 in 1 month. Now is traded in No.1 Top no Volume.
Trading at 50% of its NAV, if not undervalued, don' t know what is. And also the worst is definitely over, Grab b4 its too late!!
