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Quite some sell offs this morning, could that be the end of consolidation and start of something? Open at nice high today
After consolidating for days, now it is finally coming
mirinjung ( Date: 23-May-2014 11:07) Posted:
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Saw this Msg from Share Investor.
Never expect some many funds is buying. I can see this company since my U day at UK.
Global Invacom is unknown to a lot of Singaporeans because of our environment. We are using cable because we are small.
But.. they are all over UK and US. Go Malaysia now and every house is using their product now.
Hope that they can go Thailand, Myanmar , Indonesia and etc... ASAP
Strongly believe in this company.
BTW the SSH is a very sharp business man as I know. Look at the way he is buying. Only one words can describe. One way up buy just matter of time.
angmo buying!
VR Technical-Global Invacom Group Limited:Buy at 0.455
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G Invacom bounced off its support of 0.450 to form a white upward thrusting candle, closing at 0.455 yesterday after rising for the past few trading sessions. That positive candle pattern serves as a confirmation that the trend has turned to the upside.
We are seeing the resumption of G invacom?s upward momentum with the MACD turning to the upside. Oscillator like the 14-day RSI and 14-day stochastic are also trending bullishly around just below their overbought regions. This counter should move higher in the next few days following such bullish indicators.
Strategy: Continue to accumulate at the previous closing price of 0.455 with upside objectives of between 0.500 ? 0.550 for the near-term.
Voyage Research News Feed
Copyright (c) 2014. Voyage Research Pte Ltd
GLOBAL INVACOM GROUP LIMITED
(Incorporated in Singapore)
(Company Registration No: 200202428H)
PROPOSED SECONDARY LISTING ON THE AIM MARKET OF THE LONDON STOCK
EXCHANGE &ndash RECEIPT OF IN-PRINCIPLE APPROVAL FROM THE SINGAPORE EXCHANGE
SECURITIES TRADING LIMITED
DMG & Partners Securities Pte Ltd (&ldquo DMG&rdquo ) was the financial adviser to the Company in relation to
the acquisition of Global Invacom Holdings Limited. DMG assumes no responsibility for the contents
of this announcement.
All capitalised terms used and not defined herein shall have the same meanings given to them in the
announcement dated 4 February 2014 in relation to the Potential AIM Listing.
1. INTRODUCTION
The Board refers to its announcement dated 4 February 2014 (the &ldquo Announcement&rdquo ) in
relation to the Potential AIM Listing of its Shares on the AIM market of the London Stock
Exchange and the Placing to be held in conjunction with the Potential AIM Listing.
Further to its Announcement, the Company had made an additional listing application to the
Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) on 22 April 2014, for the listing
and quotation for up to 54,000,000 new ordinary shares in the capital of the Company (the
&ldquo New Shares&rdquo ) to be issued pursuant to the Placing in connection with the Potential AIM Listing.
The Board is pleased to announce that the Company has, on 22 May 2014, received clearance
from the SGX-ST for the circular to be despatched to Shareholders (the &ldquo Circular&rdquo ) and inprinciple
approval from the SGX-ST for the listing of and quotation for the New Shares (the &ldquo In-
Principle Approval&rdquo ). Please refer to paragraph 3 of this announcement for further information
on SGX-ST&rsquo s In-Principle Approval.
2. INFORMATION ON THE POTENTIAL AIM LISTING AND PLACING
2.1. The Nominated Adviser and the Joint Brokers
As disclosed in the Announcement, the Company has appointed finnCap Ltd (&ldquo finnCap&rdquo ) as its
nominated adviser to the Potential AIM Listing.
In order to be eligible for the admission of shares to trading on AIM, an AIM applicant must
appoint and retain a nominated adviser who will be responsible to the London Stock Exchange
for assessing the appropriateness of the AIM applicant for AIM and advising and guiding the
AIM applicant on its responsibilities under the AIM Rules both in respect of its application for
admission of its shares to trading on AIM and its continuing obligations on an ongoing basis.
The Company has also appointed finnCap and Mirabaud Securities LLP (&ldquo Mirabaud&rdquo ) as joint
brokers to the Placing (the &ldquo Joint Brokers&rdquo ).
2
2.2. Structure of the Placing
The Company intends to raise a maximum of US$15.0 million (equivalent to approximately
S$18.9 million) depending on, inter alia, demand for the Placing, the prevailing market price of
the Shares on the SGX-ST and overall market sentiment. The maximum of US$15.0 million
(equivalent to approximately S$18.9 million) to be raised from the Placing was arrived at based
on the Company&rsquo s funding requirements to expand the business of the Group and pursue new
investment opportunities through, inter alia, future mergers and acquisitions, and for general
working capital purposes.
Based on the maximum intended to be raised, the Company may issue up to 54,000,000 New
Shares which represent up to approximately 23.3% of the existing issued share capital, at the
placing price which shall range from S$0.35 to S$0.60 (&ldquo Placing Price&rdquo ). The maximum
number of New Shares to be issued was arrived at by dividing S$18.9 million by the minimum
placing price (i.e. S$0.35).
Accordingly, this maximum number of New Shares and the Placing Price range are being
sought to give the Company sufficient flexibility in its fundraising efforts, albeit that the
Company will only seek to raise funds on such terms and at such a price as the Board consider
is in the best interest of the existing Shareholders.
The Placing Price will be determined by the Company with the advice and guidance of the Joint
Brokers through a book-building process after taking into consideration, inter alia, the demand
for the Placing and the prevailing market price of the Shares closer to the date of
commencement of the Placing.
The exact Placing Price and the number of New Shares to be issued are subject to changes
and cannot be ascertained at this juncture. Based on the proposed structure of the Placing, the
New Shares may comprise up to approximately 23.3% of the existing issued share capital and
18.9% of the enlarged issued share capital of the Company immediately after the Placing.
The Company will determine the exact Placing structure and details of the Placing (including
the actual number of New Shares to be issued and the Placing Price) closer to the launch of the
Placing, having regard to, inter alia, the demand for the Placing, the prevailing market price of
the Shares on the SGX-ST and overall market sentiment.
The Company will announce the exact Placing structure and details of the Placing (including
the actual number of New Shares to be issued and the Placing Price) and the completion of the
Placing, as soon as possible after the information is available.
2.3. Placing Price
The Company requires certain flexibility in determining the Placing Price in order to successfully
complete the Placing. Accordingly, the Placing Price is proposed to be within a range of S$0.35
to S$0.60. The range was determined by the Company based on the trading pattern of the
Shares on the SGX-ST in the 12 months prior to the date of this announcement the perceived
investor appetite for the Shares and the need for flexibility in order to complete the Placing.
The Placing Price at which the New Shares will be issued pursuant to the Placing will be
determined by the Company with the advice and guidance of Joint Brokers closer to the date of
completion of the Placing.
In determining the Placing Price, the Company, with the advice and guidance of Joint Brokers,
will take into consideration, inter alia, the demand for the Placing, the prevailing market price of
the Shares on the SGX-ST and overall market sentiment.
2.4. Use of Proceeds
The maximum amount of gross proceeds from the Placing would be US$15.0 million
(approximately S$18.9 million). However, the Company anticipates that the actual amount to be
3
raised from the Placing will be approximately US$10.0 million (equivalent to approximately
S$12.6 million). Assuming that the Company raises US$10.0 million (equivalent to
approximately S$12.6 million), the net proceeds from the Placing would be approximately
US$8.1 million (after deducting the estimated commissions, professional fees and
miscellaneous expenses (including out-of-pocket expenses) estimated to be payable by the
Company in relation to the Placing).
The Board presently intends to apply such net proceeds as follows:
Proposed uses Estimated Percentage Utilisation
of Net Proceeds (based on the
assumption that gross proceeds
of US$10.0 million is raised from
the Placing)
Expand business and development and exploration of
new investment opportunities (including possible mergers
and acquisitions)
90%
General corporate and working capital purposes 10%
In the event that the Company raises more than US$10.0 million from the Placing, any
additional net proceeds over and above US$8.1 million will be utilised for general corporate and
working capital purposes. Assuming the Company raises US$15.0 million from the Placing, the
net proceeds from the Placing would be approximately US$12.8 million (after deducting the
estimated commissions, professional fees and miscellaneous expenses (including out-of-pocket
expenses) estimated to be payable by the Company in relation to the Placing), and the
additional net proceeds of US$4.7 million over and above US$8.1 million will be utilised for
general corporate and working capital purposes.
As and when the net proceeds from the Placing are materially disbursed, the Company will
make the appropriate announcements as may be required, on the SGXNet. The Company will
also provide a status update on the use of proceeds in its future annual report(s).
Pending the deployment of the net proceeds raised from the Placing, such proceeds may be
deposited with banks and/or financial institutions, used for investment in short-term money
markets instruments and/or marketable securities, as the Directors may deem appropriate in
the interests of the Company.
3. SGX-ST&rsquo S IN-PRINCIPLE APPROVAL
The In-Principle Approval for the listing and quotation of the New Shares is subject to the
following:
(a) compliance with the SGX-ST&rsquo s listing requirements
(b) shareholders&rsquo approval for the Placing
(c) a written undertaking from the Company that it will comply with Listing Rule 704(30)
and Listing Rule 1207(20) in relation to the use of the proceeds from the proposed
Placing and where proceeds are to be used for working capital purposes, the Company
will disclose a breakdown with specific details on the use of proceeds for working
capital in the Company&rsquo s announcements on use of proceeds and in the annual report
(d) a written undertaking from the Company that it will comply with Listing Rule 803
(e) a written undertaking from the Joint Brokers that it will ensure that the Company will
comply with Listing Rule 803
(f) a written confirmation from the Company that it will not issue the New Shares to
persons prohibited under Listing Rule 812(1) and
4
(g) a written confirmation from the Joint Brokers that the New Shares will not be placed out
to persons under Listing Rule 812(1).
The SGX-ST&rsquo s In-Principle Approval is not to be taken as an indication of the merits of the
Placing, the Potential AIM Listing, the New Shares, the Company and/or its subsidiaries.
The SGX-ST&rsquo s clearance of the Circular does not imply that the Companies Act (Chapter 50) of
Singapore and any amendments thereof, or any other statutory requirements have been
complied with.
The SGX-ST assumes no responsibility for the correctness of any of the statements made,
opinions expressed or reports contained in the Circular.
4. APPROVALS REQUIRED
The Placing is conditional upon the following:
(a) Shareholders&rsquo approval of the Placing
(b) the placing agreement to be entered into between the Company, the Directors and the
Joint Brokers (the &ldquo Placing Agreement&rdquo ) being entered into
(c) the Placing Agreement becoming unconditional and not being terminated in
accordance with its terms and
(d) the determination of the Placing Price by agreement between the Company and the
Joint Brokers.
5. CIRCULAR TO SHAREHOLDERS
The Company will convene an extraordinary general meeting (the &ldquo EGM&rdquo ) to obtain the
Shareholders&rsquo approval for, amongst others, the Placing to be carried out in conjunction with the
Potential AIM Listing and the proposed adoption of new articles of association of the Company.
A circular to shareholders (the &ldquo Circular&rdquo ) containing information on, inter alia:
(a) the Potential AIM Listing and the Placing
(b) use of proceeds of the Placing and
(c) the date and time of the EGM as well as the notice of the EGM,
will be despatched to the Shareholders in due course.
6. CAUTIONARY STATEMENT
The Board wishes to highlight to shareholders of the Company (the &ldquo Shareholders&rdquo ) that the
Potential AIM Listing and the Placing will involve extensive preparatory work and that such
preparatory work may involve an uncertain time frame.
In addition, the Potential AIM Listing and the Placing are subject to, amongst others, the
approvals of the relevant authorities and of the Shareholders at an extraordinary general
meeting and there is no assurance that the approval of the relevant authorities will be granted
and/or the approval of the Shareholders will be obtained.
Further, the Board may, notwithstanding that all requisite regulatory approvals and
Shareholders&rsquo approval have been obtained, decide not to proceed with the Potential AIM
Listing and the Placing, if after assessing various factors including the prevailing general
5
economic and capital market conditions, the Board deems that it is not in the best interests of
the Group to proceed with the same.
As such, there is no certainty or assurance that the Potential AIM Listing and the Placing
will materialise. Shareholders and other investors are reminded to exercise caution while
dealing in the Shares. In the event that Shareholders and other investors are in doubt
when dealing in the Shares, they should consult their stockbrokers, bank managers,
solicitors, accounts or other professional advisers.
7. FURTHER INFORMATION
The Company will make further announcements as and when there are material updates in
relation to the Potential AIM Listing and the Placing.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
23 May 2014
Seem that a lot of Big House is buying. Prepare for the rally... Hope that the listing will annouce soon.
Just do some testing..
UBS is buying on 21 May 2014
Last week GoldManSach and now UBS.
Going to cheong soon
Goldmansach is buying.. standby to cheong...
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mirinjung ( Date: 15-May-2014 10:13) Posted:
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Goldmansach is buying.... Reget selling. just buy back
| 15-05-2014 09:17:00 | SGD | 0.435 | 12,000 | Cash | DMG | 5903C10100019FF0 |
| 15-05-2014 09:17:14 | SGD | 0.435 | 5,000 | Cash | DMG | 5903C10100019FF0 |
| 15-05-2014 09:17:35 | SGD | 0.435 | 1,000 | Cash | DMG | 5903C10100019FF0 |
| 15-05-2014 09:17:39 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:17:43 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:21:03 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:24:59 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:29:04 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:33:16 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:37:32 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:42:24 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:47:15 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:52:24 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 09:57:16 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 10:02:33 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 10:08:08 | SGD | 0.435 | 1,000 | Cash | GOLDMAN SACHS | 5903C10100019FF0 |
| 15-05-2014 10:08:52 | SGD | 0.435 | 3,000 | Cash | DMG | 5903C10100019FF0 |
VR Report
Global Invacom Group Limited
The longer-term uptrend of Global Invacom remains intact. In the short term however, it continues to consolidate within the range of 0.455 &ndash 0.480.
Prices are likely to head towards the upper end of the range of 0.480 in the short-term as both the 14-day relative strength index and the 14-day stochastic are still trending higher in their respective bullish regions. MACD (26,12,9) continued to trade above its equilibrium line, indicating good upward momentum.
A break above that resistance will indicate a minimum upside objective of 0.500.
Strategy: Buy at the previous closing price of 0.460 with an upside target price of 0.500 for the short-term, and 0.550 &ndash 0.650 for the longer-term.
mirinjung ( Date: 02-May-2014 10:41) Posted:
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Seem people is collecting here. Crew up slowly
Try to post the image. but fail. Try to a bit here. Will try to convert the PDF to word later if possiable
Company Information
Business: Global Invacom Group, formerly Radiance Group Limited, is an investment holding company. The Company operates in four segments: Satellite Communications (SC), Computer Peripherals (CP), Other Products (OP) and Management & Investment Activities (M& I).
Capital Appreciation
Value: Value is a measure of a stock' s current worth. GLOB.SI has a current Value of $0.66 per share. Therefore, it is undervalued compared to its Price of $0.45 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock' s Price and Value always will converge.
RV (Relative Value): RV is an indicator of long-term price appreciation potential. GLOB.SI has an RV of 1.20, which is good on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.
RS (Relative Safety): RS is an indicator of risk. GLOB.SI has an RS rating of 1.30, which is very good on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company' s financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock' s price trend. GLOB.SI has a Relative Timing rating of 1.13, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock' s price movements over one day, one week, one quarter and one year time periods. Once a stock' s price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.
VST (VST-Vector): VST is the master indicator for ranking every stock in the VectorVest database. GLOB.SI has a VST rating of 1.21, which is good on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. GLOB.SI has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.
there a buy report that haf been post on the share investor. Target price $0.66.
downloaded but do not know how to share with people here as i' m a new to here.
any undate aim listing？
Just attended their AGM. Surprising that there' s quite a lot of investor and Fund Manager.
The Fund Manager had ask quite a lot of question and they seem to love this company.
Go there and hear their story and see how many investor .( Want to see what type of investor this company had and want to see who is the SSH )
The CEO is quite a handsome Ang Mo. Haha