Global Invacom Group Limited (DI) (GINV)

Sector:

IT Hardware

 8.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 9.00
  • 52 Week Low: 3.50
  • Currency: UK Pounds
  • Shares Issued: 259.66m
  • Volume: 0
  • Market Cap: £20.77m
  • RiskGrade: 245

Global Invacom swings to first half loss, upbeat on second half

By Victoria Young

Date: Friday 14 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Satellite communications equipment company Global Invacom posted a $2.6m pre-tax loss for the first half of the year, as it warned in July.
Shares in the AIM listed company fell by 1.79% to 0.275p at 0839 BST.

The Singapore based company's loss followed a $4.3m pre-tax profit during the same period last year.

Revenue was down by 22.6% to $54m from $69.8m, which the company said was due to changes in procurement procedures of its major clients.

Loss per share was 1.09c, while net asset value per share stood at 20.18c for the half, compared with 22.33c at 31 December 2014.

In a statement the company said while the first half of the year was "challenging" the majority of delayed orders had resumed.

Global Invacom management said they expected a return to profitability in the second half.

Executive chairman Tony Taylor said the company was also contesting how its products were classified for tax purposes in the US.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GINV Market Data

Currency UK Pounds
Share Price 8.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 9.00
52 Week Low 3.50
Volume 0
Shares Issued 259.66m
Market Cap £20.77m
RiskGrade 245

GINV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average28.98% above the market average
30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average30.43% above the sector average
Price Trend
71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average71.26% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average61.73% below the market average
13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average13.04% below the sector average

GINV Dividends

  Latest Previous
  Final Final
Ex-Div n/a 14-May-15
Paid n/a 25-May-15
Amount 0.000¢ 0.53¢

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

GINV Key Personnel

COO Gordon Blaikie

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