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761-780 of 1044
Yeap 43/44 few months plus
Should be top 20 wait for AR
Should be top 20 wait for AR
newbie1118 ( Date: 11-Jan-2024 17:22) Posted:
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U must have load up a lot here. Congrates. What is ur average buying price?
Chansenghoe1971 ( Date: 11-Jan-2024 16:43) Posted:
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Watch this
Coming
Watch this next.
The Board of Directors (the ?Board?) of Global Invacom Group Limited (the ?Company?, and together with
its subsidiaries, the ?Group?) wishes to provide an update on the Group?s operational restructuring.
As part of the previously announced Group?s restructuring, the management team have been undertaking
a review of its North American operations. The Board is pleased to announce that it has successfully taken
a significant step forward with an agreement with an independent third party (?the Supplier?) for the:
? Supply by the Supplier to Global Skyware (?GSW?) of certain manufacturing, component assembly
and packaging of Semi Moulded Compound (?SMC?) product from the current site, utilising both
existing equipment and staff and
? Sale of certain machinery relating to the SMC manufacturing activities of GSW for a sum of
US$4.75 million (the ?Sales Price?) that exceeds the machinery net book value and an
independent valuation prepared for the Board.
The Sale Price was arrived at pursuant to arm?s length negotiations between the Group and the Supplier
on a willing buyer willing seller basis. The sum of US$4.42 million, as part of the proceeds from the sale,
has been received by the Group. The remaining sum of the Sale Price is held in escrow subject to GSW
renewing its remaining proportion of the lease at the end of 2024.
Together with this disposal around 162,000 sq ft of the company?s leased manufacturing location will be
reverted to the landlord and immediately transferred to the Supplier generating substantial further savings
in the company?s operating costs.
By maintaining the existing operations, GSW has the comfort that the Supplier has both the capacity and
capabilities required to fulfill expected demand for the Group?s SMC products with minimal disruption to
the supply process.
The Group will continue to manufacture metal antenna and components whilst it continues to progress with
the operational restructuring of GSW.
Gordon Blaikie, Executive Director and Interim Chief Executive Officer stated, ?The outsourcing of the SMC
production and the consequential sale of machinery is an integral component of our strategic review for
our North America business and one which allows us to redirect our focus towards boosting sales and
advancing product development in light of recent challenges we have experienced in the marketplace.
?
2
The proceeds from the sale of the machinery is expected to have a material positive impact on the Group?s
net tangible assets per share and consolidated earnings per share for the current financial year ending 31
December 2023.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the
above transaction, other than through their respective interests (if any) in the Company.
its subsidiaries, the ?Group?) wishes to provide an update on the Group?s operational restructuring.
As part of the previously announced Group?s restructuring, the management team have been undertaking
a review of its North American operations. The Board is pleased to announce that it has successfully taken
a significant step forward with an agreement with an independent third party (?the Supplier?) for the:
? Supply by the Supplier to Global Skyware (?GSW?) of certain manufacturing, component assembly
and packaging of Semi Moulded Compound (?SMC?) product from the current site, utilising both
existing equipment and staff and
? Sale of certain machinery relating to the SMC manufacturing activities of GSW for a sum of
US$4.75 million (the ?Sales Price?) that exceeds the machinery net book value and an
independent valuation prepared for the Board.
The Sale Price was arrived at pursuant to arm?s length negotiations between the Group and the Supplier
on a willing buyer willing seller basis. The sum of US$4.42 million, as part of the proceeds from the sale,
has been received by the Group. The remaining sum of the Sale Price is held in escrow subject to GSW
renewing its remaining proportion of the lease at the end of 2024.
Together with this disposal around 162,000 sq ft of the company?s leased manufacturing location will be
reverted to the landlord and immediately transferred to the Supplier generating substantial further savings
in the company?s operating costs.
By maintaining the existing operations, GSW has the comfort that the Supplier has both the capacity and
capabilities required to fulfill expected demand for the Group?s SMC products with minimal disruption to
the supply process.
The Group will continue to manufacture metal antenna and components whilst it continues to progress with
the operational restructuring of GSW.
Gordon Blaikie, Executive Director and Interim Chief Executive Officer stated, ?The outsourcing of the SMC
production and the consequential sale of machinery is an integral component of our strategic review for
our North America business and one which allows us to redirect our focus towards boosting sales and
advancing product development in light of recent challenges we have experienced in the marketplace.
?
2
The proceeds from the sale of the machinery is expected to have a material positive impact on the Group?s
net tangible assets per share and consolidated earnings per share for the current financial year ending 31
December 2023.
None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the
above transaction, other than through their respective interests (if any) in the Company.
https://links.sgx.com/1.0.0/corporate-announcements/GWZV8694NQQNS8VH/780592_GIGL-Annc-Update%20on%20Restructuring.pdf
Global Invacom shares surge on US Navy satellite systems contract win
Shares of Global Invacom QS9 17.95% Group, which provides satellite ground network equipment, surged by around 15% this morning following an announcement that has been awarded a contract to supply its latest military grade, Iridium/GPS Repeater System to the US Navy.
The contract value is not disclosed in the company' s announcement.
The company says that " barring unforeseen circumstances" there will be a " positive contribution to its earnings" but not on its current FY ending Dec 31 2023.
The system is designed to provide GPS and satellite communications coverage to sub-deck and sub-terranean facilities.
&ldquo The Iridium/GPS Repeater System is an important addition to our solution portfolio, enabling us to extend satellite coverage to facilities on land and sea, where it helps optimize our response readiness and the security of our staff and assets,&rdquo says Frank Montgomery, Project Engineer for the US Navy.
&ldquo Working with the US Navy and several other military clients helped us optimize a product platform that is fit for multiple deployment scenarios, " says Yaakov ben-Harosh, managing director of Global Foxcom, the unit of Global Invacom.
" But it&rsquo s not just about the product, no two military use cases are identical, so our planning and modelling services are an integral part of the overall solution,&rdquo he adds.
$0.16 NAV per share.
Like PPE stocks in Covid era. Invacom must also flourish in this war-laden era. Now selling satellite system to USA navy. More should be coming.
https://links.sgx.com/1.0.0/corporate-announcements/3ZLHRTGGZ1Z25CL0/780099_20231206_US%20Navy%20Press%20Release%20for%20SGX%20Newswire.pdf
IF THIS NEWS DON T MAKE THIS FLY, I DON KNOW WHAT WILL.
$0.10
IF THIS NEWS DON T MAKE THIS FLY, I DON KNOW WHAT WILL.
$0.10
anymore 50 durians? haha
noobnub ( Date: 06-Nov-2023 11:02) Posted:
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nice durians
noobnub ( Date: 06-Nov-2023 10:58) Posted:
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done now add Q small 50
noobnub ( Date: 06-Nov-2023 10:56) Posted:
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Q to buy some 51 try my luck
strong ...buy signal??
newbie1118 ( Date: 10-Oct-2023 16:30) Posted:
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Too bad no. Base on technical. May have golden crossing soon.
buayjinchu ( Date: 10-Oct-2023 16:25) Posted:
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Why? U have insider news?
newbie1118 ( Date: 10-Oct-2023 16:04) Posted:
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Who has this counter? May break up soon. DYODD.
Hope can go to 6 series next week. Vested.