Global Invacom

This company looks interesting :

1. improving top n bottom line

2. trading below nta (nta US$0.2496 against currentprice os S$0.205 at time of posting)

3. negligible debt - US$199,000 and net cash - US$24,016,000

4. active share buy back ...

800000 shares on 16 oct'13 @ 19.7 cts

800000 shares on 17 oct'13 @ 19.8 cts

1,000,000 shares on 18 oct'13 @ 19.6

1,400,000 shares on 21 oct'13 @ 19.6

see links for details

GIGL_Corporate_Presentation.pdf

GIGL_Correction.pdf

GIGL_20130813_Press_Release.pdf

GIGL_FY2013_Half_Year_Results.pdf

22 oct '13

company bought back another 620,000 shares

at between 19.9 cts and 20.5 cts

Breaking $0.205 and $0.21 is easy....$0.20 is a good target to accumulate

But ..... No earnings, No dividend.

Is it too speculative?

company's first half net profit is US$3.4 million.

up by 804% !!!

pls see their annoucement on sgx.com for more details.

rgds n all the best!

company bought back another 400,000 shares today at

20.5 cts per share