GLOBAL INVACOM grossly undervalued given recent sharebuybacks,+ive 1H13

Global Invacom(aka Radiance Group) has been listed on the Singapore Exchange since 9 JULY 2012. It was listed on the Singapore Exchange through the reverse-take-over of Radiance Group by injecting its profitable business by issuing of new shares. Many investors may have remembered the old radiance group reporting many years of losses till in 2012. After the RTO (Reverse Take-Over), the company prospects become brighter with its result being announced on 13 AUGUST 2013, its NET PROFIT shows growth jumping by 804% to 3.4m and EARNINGS PER SHARE(EPS) jumping 635.5% to 2.28cents. GLOBAL Invacom Net Asset Value Per Share is USD 24.96cents or SGD 30.70cents(USD-SGD 1.23). Recently, the company has been buying back its shares on the market from a low of 19.7cents(16 OCT 2013) to a high of 20.5cents(23 OCT 2013). The question to ask: Why is the company actively buying back its share in the past 1 week? Could it be deem as being seriously undervalued compared to its NET ASSETS VALUE (NAV)? ONLY TIME WILL TELL IN THE MARKET.

Thank you !

Share buybacks are a positive sign but they don't always lead to a higher share price in later periods.

Share buybacks can fizzle out and then the support falls to a level determined by market perception.

Just bought a UK company with revenue of £5.56 million (approximately US$8.89 million) in financial year ended 31 December 2012. Net loss of 861K usd.


Rationale: bringing a fully owned UK manufacturing facility into the Group will provide new growth opportunities and opportunities to access greater volume savings in the production of antennas and related products for the satellite industry.