Global Invacom

Chen5, what is this business all about? It's frustrating trying to understand G. Invacom's satellite business. Its share buyback has been impressive but I have not much ability to understand its market. Sigh

Global Invacom hit a high after breaking through its critical resistance level of 0.40 on moderate volume. Bulls have gained control?

Trading above all of its moving average resistance lines (20-day, 50-day and 100-day). Upward momentum for the short-term is also strengthening to the upside.

Medium-term, price target remains at 0.60. Can?

share price: 30 cents. Target.....

After the recent good news, its price is holding well despite the sell off in today's market. There is a video clip of Bloomberg's interview with Richard Branson on his investment into setting up a global satellite communications network to bring broadband access into places like Africa and India. I don't know how to create the link here, but it's worthwhile viewing.

www.bloomberg.com/news/videos/2015-06-25...-in-global-broadband

@sykn: Just the URL will suffice.


In the interview the Bloomberg interviewer is very aggressive and domineering and Branson is looking a little nervous. Just my observation.

I agree with your observation. My guess is that he was pitching it as an NGO (for charity) initiative but deep down, I think he's in it to make lots of money. Hence the words that come out may sound a little hesitant!