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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.
1oopls ( Date: 11-Apr-2016 21:28) Posted:
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花 無 百 日 紅
1oopls ( Date: 11-Apr-2016 21:45) Posted:
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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!!
file:///C:/Users/user/Downloads/GIGL_Annual_Report_2015.pdf
DEAR SHAREHOLDERS, I am pleased to present you the annual report for Global Invacom Group Limited (&ldquo Global Invacom&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) for the financial year ended 31 December 2015 (&ldquo FY2015&rdquo ). The period under review ranks as one of the most significant for the Group, marked by two key developments. The first is the completion of our largest-ever post reverse takeover (&ldquo RTO&rdquo ) acquisition of Satellite Acquisition Corporation (trading as &ldquo Skyware Global&rdquo ), a leading United States (&ldquo U.S.&rdquo ) manufacturer of satellite terminals, for approximately US$8.8 million. The acquisition not only validates the success of our corporate strategy pursuant to our listing on the United Kingdom (&ldquo U.K.&rdquo ) AIM Market of the London Stock Exchange (&ldquo LSE&rdquo ), but also extends our leadership in the Satellite Communications (&ldquo Sat Comms&rdquo ) sector as it undergoes major changes and consolidation. The second relates to the technology shift which took place among some major clients amidst these changes, which impacted our operations in the period under review. PURSUING GLOBAL LEADERSHIP IN SAT COMMS MARKET On 24 August 2015, we completed the acquisition of North Carolina-based Skyware Global, a leader in developing, designing and manufacturing antennas covering C-band, Ku-band and the emerging Ka-band frequency platforms for Direct-to-Home (&ldquo DTH&rdquo ) and Very Small Aperture Terminals (&ldquo VSAT&rdquo ). The Group issued approximately US$3.8 million in treasury shares and entered into a cash earn-out model to pay Skyware Global up to US$5.0 million. To date, it is our largest acquisition after the RTO and follows the successful listing on the AIM Market of the LSE, completed on 2 July 2014, which raised gross proceeds of US$15.0 million for the Group. Following the acquisition of Skyware Global, the Group extended its portfolio of antenna products and is the only Company that is able to offer the complete package, from antennas and electronics to accessories, to our customers in the Sat Comms business. With a 67-year heritage, Skyware Global adds a U.S. manufacturing presence to our existing production facilities in Asia and Europe, gives access to new customers, and enhances relationships with existing customers, including a major U.S. broadcaster that is launching two new satellites in 2016. This acquisition underscores our commitment to growing the business through strategic acquisitions and organic growth to extend our leadership in the global Sat Comms market. It also reflects the continuing opportunities arising from consolidation within the industry. As a fast-growing Sat Comms player with a portfolio of products and a clear growth strategy, we will continue to evaluate consolidation opportunities as they occur. &ldquo We continue to work resolutely to strengthen our value proposition as a leading Sat Comms player that combines R& D with a global manufacturing footprint&rdquo In the months since the acquisition was completed, the Group has worked hard to consolidate existing logistics and warehouse functions into the North Carolina plant, providing savings to the Group&rsquo s existing cost base. We are also leveraging Skyware Global&rsquo s VSAT technology to provide enhanced offerings to Asian markets, as it includes an extensive range of products covering C-band, Ku-band and Ka-band frequency platforms in metal and composite. It also provides solutions-based services such as turnkey design, engineering, product integration and programme management together with radio frequency testing, fulfillment and logistics. As we integrate this suite of capabilities into the Group, we have also strengthened the management team, integrated our global sales network, and are increasing sales and marketing activities in South America, Asia, Africa and Europe. BUSINESS REVIEW While we consider the acquisition of Skyware Global to be a significant opportunity, shareholders should note that the conditions leading to this opportunity have also presented us with major challenges. The global satellite industry was valued at US$203 billion in 2014, and the satellite ground equipment market is expected to continue to grow at 5%, driven by technological advancements in the pay-TV industry, expansion of broadband internet services and digital technology. Developing markets, which have yet to be saturated with terrestrial networks, are turning to satellite services and present another source of growth opportunities. Clearly, the industry is now at an inflection point amidst demand for high-specification products that can meet the demands for 4K content of satellite broadcasters, as well as more stringent requirements for VSAT terminals. Against the backdrop of this inflection, the industry itself is undergoing a major technology change, one Chairman&rsquo s Statement 2 GLOBAL INVACOM GROUP LIMITED ANNUAL REPORT 2015 that usually occurs about every eight to ten years. The current technology change involves the introduction of digital channel stacking, a technology that allows up to 32 continuous video streams from a single Low Noise Blocks (&ldquo LNB&rdquo ). This has required a significant boost in our research and development (&ldquo R& D&rdquo ) resources at a time when the industry is destocking. In view of the abovementioned, we experienced a challenging year predominantly due to destocking by three main customers in the first half of the year (&ldquo 1H FY2015&rdquo ) &ndash although all orders have since resumed during the second half of the year (&ldquo 2H FY2015&rdquo ) &ndash and one-off expenses related to the purchase and restructuring of Skyware Global. Revenue declined 3.7% to US$129.1 million from US$134.1 million in FY2014, primarily due to delayed sales in 1H FY2015 for main customers in America, Europe and Asia. During the period, the Group recognised four months&rsquo revenue of US$17.5 million from Skyware Global. Gross profit margin fell to 19.3% from 23.7% due to the reclassification of certain products in relation to import duty taxes in the U.S., the weakening of the Malaysian Ringgit against the U.S. dollar, and a lack of semiconductor devices which delayed production and led to higher logistics costs. Skyware Global also contributed to the drop in the Group&rsquo s gross profit margin. As a result, the Group recorded a FY2015 net loss of US$1.1 million compared to a net profit of US$5.1 million in FY2014. Loss per share on a fully diluted basis was 0.43 U.S. cent in FY2015 while net asset value per share was 20.05 U.S. cents as at 31 December 2015. The Group&rsquo s balance sheet remains healthy with cash and cash equivalents of US$8.9 million as at 31 December 2015. LEADING RESEARCH AND DEVELOPMENT INNOVATOR Even as we continue to pursue growth, we remain committed in our investments to enhance our R& D capabilities to maintain our competitive edge, as well as position ourselves as a global leader in the industry. Global Invacom &ndash together with leading satellite operator Avanti Communications, with the support of Microsoft Corporation and the European Space Agency (&ldquo ESA&rdquo ) under the Advanced Research in Telecommunications Systems (&ldquo ARTES&rdquo ) Programme &ndash has developed a breakthrough technology which integrates satellite broadcast TV and broadband to be delivered to a home environment ubiquitously over standard IP-enabled networks, such as Ethernet or WiFi. The Group has also completed R& D work on two nextgeneration LNBs that will form the basis for product sales during the next eight to ten years, and is currently awaiting qualification for them. This new technology development positions the Group strongly, and is expected to improve sales and provide the Group with further product expertise and access to a wider customer base as variants of these DCSS LNBs are in development for other broadcasters. CORPORATE DEVELOPMENTS During the year under review, SCE Enterprise Pte Ltd, a wholly-owned subsidiary of Singapore Exchange-listed Serial System Ltd (&ldquo Serial System&rdquo ) &ndash a leading distributor of electronic components &ndash acquired 12,000,000 treasury shares of the Company at S$0.29 each, representing a 4.5% stake in the Company. The investment by Serial System is anticipated to improve our procurement of components as we grow further. SHARE BUYBACKS AND DIVIDEND As part of its acquisition strategy, Global Invacom bought back 37.4 million of its own shares in FY2015. As at the end of FY2015, the Company held 10.7 million treasury shares. No dividend has been declared for FY2015 as the Group was not profitable during the financial year due to the impact from various factors as described above. OUTLOOK While FY2015 proved to be a challenging year, we continue to work resolutely to strengthen our value proposition as a leading Sat Comms player that combines R& D with a global manufacturing footprint. We remain optimistic about the growth potential of the industry and are confident that we have laid an even stronger foundation that will allow us to capitalise on the growth opportunities of this exciting industry. EXECUTIVE CHANGES We warmly welcome Mr Gregory Knox Jones and Mr Kenny Sim Mong Keang to the Board of Directors. Mr Jones and Mr Sim were appointed as Non-Executive Directors on 24 August 2015 and 23 September 2015, respectively. APPRECIATION On behalf of the Board, I would like to extend my sincere appreciation to our customers, business associates and to you, our Shareholders, for your continued support during this eventful year. I would also like to thank the management team and all employees of the Group for their hard work and contributions. ANTHONY BRIAN TAYLOR Executive Chairman
Anyway, it seems like the angmors are selling their stakes. No idea why. It doesn' t seem good if there are no investers coming back in to rescue this share.
kangtao888 ( Date: 24-Mar-2016 00:23) Posted:
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The trade on 21/03/2016 with 182,000 shares sold at 0.001 is cancelled by SGX.
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With a low demand stock, just two securities account. one can trade to create an impression of price exchanges. To either drive px up or dwn. The Price here is not important, no demand many sellers. All depends on company will do well or not, to generate interest again and the px nw will be irrlevant.
Likely their own CEO will buy back their own shares when company does well and gap up in the future.
looks like every stock i touched becomes active lol
Let's all q at 0.001 and wait for durian to drop...
kangtao888 ( Date: 21-Mar-2016 20:50) Posted:
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