AVI-TECH ELECTRONICS

Co. bought back 237,000 shares today at 7.5 cents.
Strong resistance at that level. Upside 10 cents

This is a turnaround story.

1. 4Q profit was S$1.9 m compared to a loss of $2.4 m in previous 4Q.

2. CEO has been buying shares after results

3. NAV 14.21 cents. But stock is only 7 cents.

4. Net cash $15 million, while market cap is $24 million.
cash is 63% of market cap.

Just sharing. Take care.

Viva wrote: This is a turnaround story.

1. 4Q profit was S$1.9 m compared to a loss of $2.4 m in previous 4Q.

2. CEO has been buying shares after results

3. NAV 14.21 cents. But stock is only 7 cents.

4. Net cash $15 million, while market cap is $24 million.
cash is 63% of market cap.

Just sharing. Take care.

Viva,

Thanks for highlight. I bought some today. Cash per share is 5.5c and it has stopped burning cash. Mr. Market only values it at 2c which is super super cheap. Will collect some more tomorrow. I believe more investors will take notice soon.

Good luck!

Viva + Gangho are very zhun on this one. Up 22% this morning = 9.3 cents. Will it cross 10 cents today? LOL

Crossed 10c liao. 43 million shares traded. Whaat's happening?

I guess when volume shot up and when the company has turned around, it attracted big boys to pump. It's US subsidiary Alphen cd become another Techcomp..distributing scientific imaging products worldwide thru an US MNC.