AVI-TECH ELECTRONICS

Just sharing on this comeback kid. The business has shed its loss-making biz in US + insider buying has picked up strongly recently + net cash of this company exceeds share price. Oh, this is Sinjiapor company, not S-chip. 7.2 cents now.

Cash + held-to-maturity financial instruments = S$26 million.


Bank borrowings = $2.2 m

Market cap today = Only $25 million. Cheap cheap!!!

interesting.... but seems to be stuck in the 7+ cents range, prob legacy holders still have to unload first, wait for more company buybacks or a pullback to enter

Insider still buying at 7.8 cents. Can we expect this level to be well supported now?

darthvadar wrote: Insider still buying at 7.8 cents. Can we expect this level to be well supported now?

CIMB says minimum 11.7 cents.

brokingrfs.cimb.com/2ImBfcFsa3fjsfxR_4ZW...Kv9Gjponl3OCLLk1.pdf

Val wrote: Just sharing on this comeback kid. The business has shed its loss-making biz in US + insider buying has picked up strongly recently + net cash of this company exceeds share price. Oh, this is Sinjiapor company, not S-chip. 7.2 cents now.

8.8 cents liao.
CIMB says minimum 11.7 cents.
U say...?