Global Invacom Share Discussion Threads

[value hound] 07/1/2021 09:28

I've joined the (un)happy throng here, FWIW. The spread (5-7p currently) is a bit off-putting, but it's worth 10p (i.e. to sell) IMO, though it may take some time. Mind you, if they'd just change their name to Invacom Blockchain, it would get there today. As Arthur says, a dividend would help.

[arthur_lame_stocks] 03/1/2021 12:42

I've just come across this company and it certainly looks interesting. Trading at a discount to TNAV, NCA and profitable and on a low psr. I just wish they paid a dividend occasionally.

[fillipe] 06/10/2020 07:43

Indeed, I much agree regarding the positive aspect of their dual listing. A little more current activity in the stock with the full ask of 10p being paid. It's worth noting that for the bid/ask the 35k totals on show at each side, has the lowest ask at 10p, with the highest ask at 16p. A somewhat indication of the likely early uptick as the stock attracts further interest. f

[cjohn] 05/10/2020 11:00

Yes, you're right. There's very poor awareness of this stock, which offers very good value. The Singapore listing probably puts many off, when in reality it provides better protection for PIs than an AIM listing on its own. There's no doubt that the difficult questions the Singapore market authorities posed to the company before the insane potential Tactilis takeover helped to scotch that disastrous idea.

[fillipe] 05/10/2020 08:40

Slowly but steadily rising. Likely to continue making a good recovery, is my opinion. So very few peeps aware of this one. f

[cjohn] 24/9/2020 07:28

And above. Restructuring over. Still trading at a fraction of tangible asset value.

[cjohn] 29/6/2020 13:47

Back to where we were before COVID.

[fillipe] 27/6/2020 10:44

An interesting uptick here, yesterday. f

[fillipe] 19/2/2020 12:15

Another £10,000 worth lump, taken this morning. f

[cjohn] 18/2/2020 17:25

Yes, it's an eye-watering loss on shutting the Shanghai operations. But even after that loss, they are trading at around half tangible book value.

[fillipe] 18/2/2020 12:50

A good solid lump taken mid-morning, today. f

[fillipe] 21/1/2020 14:44

Somewhat "au contraire", I've taken a few GINV, following their today's RNS. If they do set the business on the right track then the current low share price will quickly be history. f

[cjohn] 21/10/2019 07:15

Tidying up the corporate structure with the dissolution of a couple of non-active subsidiaries.

[cjohn] 09/10/2019 08:34

Continuing to rally. Unbelievable value. On mere tangible asset grounds it's worth 12p per share. And it's a profitable and well-run company with minimal debt and decent cash-flow characteristics. Possibly, being based in Singapore puts some investors off. But my experience is that Singapore has higher corporate standards than London.

[cjohn] 03/10/2019 08:56

Outstanding value here. Profitable (forward PE of around 7), well-run, trading at less than two thirds tangible book. The main drawbacks: -possible de-listing in Singapore (but not UK). But this can be dealt with by a share consolidation. -the possibility that the management comes up with another insane takeover proposal. (The previous one was scotched by the independent advisor. I would have scotched it for free.)

[cjohn] 08/8/2019 10:26

Good first half results. Hopefully they have put the madness of the reverse takeover behind them and there will be no repeat.

[cjohn] 21/6/2019 09:04

Another sensible minor acquisition, this time of assets and IP from Apexsat. Thank goodness the crazy Tactilis reverse takeover was scotched by the independent advisor. let's hope lessons have been learned and there is no repeat. GINV shares remain seriously under-valued. https://www.investegate.co.uk/global-invacom-group--ginv-/rns/acquisition-of-assets-and-ip-from-apexsat-pte-ltd/201906180700055273C/

[cjohn] 10/12/2018 11:06

Yes, either v. stupid or v. dodgy. a $20m break clause. Unbelieveable. They've actually had decent 3rd quarter results and they're throwing it all away on a mad speculation,

[gaiusgracchus] 29/10/2018 16:29

Yes...I don't like the look of it at all. They are valuing the private company at $200m and it's got sod all revenue.

[cjohn] 29/10/2018 12:51

Reverse takeover Proposed Reverse Takeover of Tactilis Will Open New Growth Chapter Singapore/London, 29 October 2018 - Satellite communications equipment provider Global Invacom Group Limited (SGX: QS9) (AIM: GINV) said its proposed US$200 million reverse takeover (the "Proposed Acquisition") of biometrics solutions provider Tactilis Sdn. Bhd. ("Tactilis") will create an enlarged technology company which will open an exciting chapter of growth and enhance shareholder value. Malaysia-based Tactilis manufactures and distributes biometric system-on-card solutions. Its flagship Tactilis Touch management system acts as a medium to authenticate human users, devices and services, deploying sensors that can capture fingerprints at least four times more accurately than competitors, and can also manage facial and iris recognition. Through the proposed transaction, Global Invacom - which has a global manufacturing footprint and established customer base - will create value and synergies in the following areas: - Leverage on Global Invacom's manufacturing experience and footprint to develop current and future products of Tactilis; - Leverage on the Group's extensive global customer base and world-wide sales team to assist Tactilis and improve market access; and - Leverage on Global Invacom's public listing status on two renowned global bourses - Singapore Exchange ("SGX") and the UK AIM Market ("AIM") - to raise capital for future expansion. Global Invacom will initially subscribe, in cash, for convertible notes worth US$2.0 million for a 2% stake in Tactilis. This first subscription is priced at a 50% discount to a valuation of US$200 million ("Valuation") which in turn is at a significant discount to the base-case valuation contained in a January 2017 report issued by Frost & Sullivan*. Global Invacom will later acquire the remaining 98% stake by issuing 1.80 billion shares priced at 15 Singapore cents per share, worth a total of US$196.0 million. Global Invacom also has the option to subscribe, in cash and again at a 50% discount to the Valuation, for another US$8.0 million worth of convertible notes for an additional 8% stake (in addition to the initial 2% stake). Under the agreement with Tactilis, Global Invacom can increase its stake in Tactilis by 1% for every US$1 million worth of notes subscribed, up to a total of 10%. The remaining 90% will then be acquired via issue of 1.65 billion Global Invacom shares at 15 Singapore cents per share, for a consideration of US$180.0 million. The Proposed Acquisition, if completed, will constitute a reverse takeover for the purposes of the SGX Mainboard Listing Manual and the UK's AIM Rules for Companies. Tony Taylor, Executive Chairman of Global Invacom, commented: "The current satellite communications equipment business remains profitable and will remain an important activity of the Group even after the proposed acquisition. Through the proposed acquisition of Tactilis, we can venture into the high-growth, high-tech biometrics security industry. The fit between the two companies is synergistic as Tactilis will be able to achieve faster go-to-market because of Global Invacom's existing manufacturing and marketing footprint as well as our access to global capital markets. We look forward to shareholder support of this transaction which we are confident will enhance value." Subject to the necessary regulatory and shareholder approvals, the Group expects the acquisition to be completed in the third quarter of 2019. *As part of the due diligence, Global Invacom will appoint a valuer to carry out its own independent valuation.

[gaiusgracchus] 10/8/2018 10:11

Nobody cares about this company, it's at an all time low, and it's trading at a massive discount to net current assets. I'm getting interested.

[battlebus2] 26/2/2015 08:16

Happy with this mornings results though Finncap have lowered their target price from 29p to 20p..

[astillie] 23/1/2015 13:02

Is there any way of finding out who is selling these quantities of shares?