Global Invacom

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8 years 8 months ago #22323 by Joes
Replied by Joes on topic Global Invacom
Without the one-offs (including IPO expenses for AIM listing), this year should be a strong year for Global Invacom.

The company is deserving of premium valuation as it is the only industry manufacturer of electronics and antennas for satellite reception. It is the only supplier with a global footprint, and it has relationships with multiple major Broadcasters around the world.

The acquisition of Skyware is particularly interesting because the vendor is a private equity firm (EDGEWATER) which will be paid (partly) in shares that will give it a 9.9% stake in Global Invacom. This is a strong endorsement by EDGEWATER of Global Invacom's fundamentals. (33 cents share price currently.)

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8 years 7 months ago #22445 by pine
Replied by pine on topic Global Invacom
Share price is a lot cheaper now @ 22 cents compared to the 33 cents in the post above. I am beginning to appreciate this business -> high barriers to entry as it's a niche business and requires lots of tech know-how and the customers are big players with their own business barriers to entry.

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8 years 6 months ago #22554 by pine
Replied by pine on topic Global Invacom
14.3 cents ... going for a song. Expected turnaround in current half-year 2015 and a big one in 2016.

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8 years 6 months ago #22556 by sykn
Replied by sykn on topic Global Invacom
Pine, the song just got more expensive - it closed at 15.1cents today! At around 26% earnings yield based on last FY results, not a bad deal at all.
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8 years 6 months ago #22557 by pine
Replied by pine on topic Global Invacom
Jumped to day to close at 18.6 cents! Holy cow!

I note that RHB has just picked Global Invacom for its "model portfolio" .
www.nextinsight.net/index.php/story-arch...-invacom-k1-ssc-yoma

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8 years 6 months ago #22558 by sykn
Replied by sykn on topic Global Invacom
It's still going up; 19 cents right now! There are 3 problems that stop people from buying into this business, which on closer examination are no problems at all. Firstly, it is quite technical and people don't understand how it makes money; actually SATCOM is a very stable business for large countries that cannot afford to lay fibre optic cables to places far from city areas. Secondly, the usual cost of its most recent acquisitions have been put into P&L which depresses its net earnings; but once over, profits will go back to normal. Thirdly, some of its customers delayed (not cancelled) their normal purchases of equipment this last quarter. Because of the huge drop in prices, GIGL has scooped up large amounts of share buy-backs as ammo for its future acquisitions, which comes in handy when its share price goes up again.

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