G Invacom    Last:0.071    -0.002

Global Invacom, a satellite play

Key operation highlights:   
&bull Secured US$6.0 million contract to supply Direct-to-Home Satellite Outdoor Units in Asia
&bull Completed first shipments of FiberGo, the Group&rsquo s fully integrated fibre Data over Satellite product
&bull Announced partnership with Edgewater Wireless Systems Inc. to further develop Broadcast WiFi
&bull Ongoing commitment to R& D to further enhance and develops the Group&rsquo s product portfolio   

The Group has made a strong start to FY2019, as evidenced by another quarter of profitable growth.  The demand for satellite services continues to thrive with the growing trend of compact, but equally powerful transmitters fuelling the Company&rsquo s sales momentum.   
Revenue for the quarter rose 32.4% to US$38.3 million (Q1 FY2018: US$28.9 million), a third consecutive quarterly increase, driven by an increase in order intake from major customers in the United Kingdom and United States.   
Revenue in the period increased in America, Europe and Rest of the World by US$7.6 million (+38.6%), US$1.3 million (+18.6%) and US$1.2 million (+228.0%), respectively, offset by a weak performance in Asia, down 49.7% to US$0.7 million.   
Gross profit rose 27.4% in the period to US$7.8 million (Q1 FY2018: US$6.1 million) with gross profit margin falling slightly to 20.3% (Q1 FY2018: 21.0%). This reflected some localised issues at our U.S manufacturing facility in Q4 FY2018, which have now been rectified.   
Net profit increased 127.3% to US$0.7 million (Q1 FY2018: US$0.3 million), the Group&rsquo s ninth consecutive quarter of profitability.   

 

Singapore/London, 15 May 2019 &ndash Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment, is pleased to announce its results for the three months ended 31 March 2019 (&ldquo Q1 FY2019&rdquo ).   
Key financial highlights:   
&bull The Company announced a ninth consecutive quarter of profitability in Q1 FY2019
  Revenue increased 32.4% to US$38.3 million (Q1 FY2018: US$28.9 million)
&bull Gross profit increased 27.4% to US$7.8 million (Q1 FY2018: US$6.1 million)
&bull Net profit increased 127.3% to US$0.7 million (Q1 FY2018: US$0.3 million)
&bull Cash and cash equivalents of US$7.8 million as at 31 March 2019

 

congrats to shortists.. made some kopi money.. HUAT!!

eric998      ( Date: 15-May-2019 16:26) Posted: today may close red? yamseng      ( Date: 15-May-2019 11:43) Posted: BB is very kind to let contra player sell between 92 to 96 this morning,  patiently wait for good news Resistance turned support zone between 88 to 91

 

As u mention, red!!!!!!!!

eric998      ( Date: 15-May-2019 16:26) Posted: today may close red? yamseng      ( Date: 15-May-2019 11:43) Posted: BB is very kind to let contra player sell between 92 to 96 this morning,  patiently wait for good news Resistance turned support zone between 88 to 91

 

today may close red?

yamseng      ( Date: 15-May-2019 11:43) Posted: BB is very kind to let contra player sell between 92 to 96 this morning,  patiently wait for good news Resistance turned support zone between 88 to 91

 

BB is very kind to let contra player sell between 92 to 96 this morning, 
patiently wait for good news
Resistance turned support zone between 88 to 91

 

BB would not going to push price up to benefit contra players,   for the time being   they would   squeezing contrra players to sell low to them.

eric998      ( Date: 15-May-2019 09:25) Posted: will BBs it turn the trend to be an evening star or continue to push up? eric998      ( Date: 15-May-2019 09:14) Posted: contras also started to sell to take profit..

 

smoem shortists trying to short at 94 and contra trying to sell at 94.. see whether 94 can absorb.. if not sellers will not mind sell lower..

Grubber      ( Date: 15-May-2019 09:34) Posted: now is like playing big small lol eric998      ( Date: 15-May-2019 09:25) Posted: will BBs it turn the trend to be an evening star or continue to push up

 

now is like playing big small lol

eric998      ( Date: 15-May-2019 09:25) Posted: will BBs it turn the trend to be an evening star or continue to push up? eric998      ( Date: 15-May-2019 09:14) Posted: contras also started to sell to take profit..

 

will BBs it turn the trend to be an evening star or continue to push up?

eric998      ( Date: 15-May-2019 09:14) Posted: contras also started to sell to take profit..  Grubber      ( Date: 15-May-2019 09:13) Posted: more meat today for them to short

 

contras also started to sell to take profit.. 

Grubber      ( Date: 15-May-2019 09:13) Posted: more meat today for them to short ? eric998      ( Date: 15-May-2019 09:06) Posted: shortists in action

 

more meat today for them to short ?

eric998      ( Date: 15-May-2019 09:06) Posted: shortists in action? TraderBen      ( Date: 14-May-2019 22:38) Posted: Y did it drop to 2 cents last year..

 

shortists in action?

TraderBen      ( Date: 14-May-2019 22:38) Posted: Y did it drop to 2 cents last year..

 

Y did it drop to 2 cents last year..

 

hope with some good news tmr... then can Chiong another long candlestick
and hit my target  between 106 to 109

 

Hahaha waves come liao..

SgYuan      ( Date: 14-May-2019 16:42) Posted: Px punch thr 83 - change the formation back to oringinal ew w5 46 tgt 95 up 61.8% of 74 SgYuan      ( Date: 08-May-2019 08:33) Posted: On last wave w5 now. - w5 up 50% tgt 86 - w5 up 61.8% tgt 95 Px hit high 88 Take profit along the way ew w0 20 w1 41 w2 26 w3 79 w4 49 w5? w1 21 w3 53 w5 37 tgt 86 up 50% of 74 passed w5 46 tgt 95 up 61.8% of 74 w5 tgt range 86 to 95

 

What now? Volume had cross 50 mil shr changed hands.

yamseng      ( Date: 14-May-2019 14:10) Posted: I am only worried when the volume crosses 50 mils...

 

volume crossed 50 mils, now they are clearing intraday trader 
hopefully, BB can close above 93

 

See you come out to show chart.. 0.096 down to 0.090   time to sell... ha ha

SgYuan      ( Date: 14-May-2019 16:42) Posted: Px punch thr 83 - change the formation back to oringinal ew w5 46 tgt 95 up 61.8% of 74 SgYuan      ( Date: 08-May-2019 08:33) Posted: On last wave w5 now. - w5 up 50% tgt 86 - w5 up 61.8% tgt 95 Px hit high 88 Take profit along the way ew w0 20 w1 41 w2 26 w3 79 w4 49 w5? w1 21 w3 53 w5 37 tgt 86 up 50% of 74 passed w5 46 tgt 95 up 61.8% of 74 w5 tgt range 86 to 95

 

Px punch thr 83
- change the formation back to oringinal ew

w5 46 tgt 95 up 61.8% of 74

SgYuan      ( Date: 08-May-2019 08:33) Posted: On last wave w5 now. - w5 up 50% tgt 86 - w5 up 61.8% tgt 95 Px hit high 88 Take profit along the way ew w0 20 w1 41 w2 26 w3 79 w4 49 w5? w1 21 w3 53 w5 37 tgt 86 up 50% of 74 passed w5 46 tgt 95 up 61.8% of 74 w5 tgt range 86 to 95