Global Invacom

G.Invacom seemed exhausted this morning before making a helluva sprint to 49 cents this afternoon! :woohoo:

Voyage analyst target price was 35.5 cents. The shares have flown past that, and reached 53 cents. First time I see share price up by so much higher than analyst's target. What gives?

How can the buyer, a subst. shareholder, have bought at this price?

NEO CHEE BENG
06-Mar-2014
2,618,000 ORDINARY SHARES

$0.363 PER SHARE

infopub.sgx.com/Apps?A=COW_CorporateAnno...1064674#.Uxz-v_mSxoS


The share price closed at 48 cents on 6 March 14. And it closed at 46.5 cents last Friday.

something not right - don't you agree?

Is there any updated Voyage report and a higher TP?
G.I. is very tough nut holding on at the 48 cent level. Is it just an IPO catalyst story?

The PE based on 2013 earnings is about 10.5 X.

Not expensive nor a steal.

There is final dividend of 0.5 cent a share = 1% yield. Peanuts but better than nuthing.

The operating cashflow was v positive at US$7.7 m.

Joseph Yeo: What's yr current take on G.I.? TQ