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: 242

Global Invacom secures contracts worth $6m with Asian satellite provider

By Josh White

Date: Tuesday 07 May 2019

LONDON (ShareCast) - (Sharecast News) - Satellite communications equipment provider Global Invacom announced on Tuesday that its wholly-owned Malaysian subsidiary, Global Invacom Sdn. Bhd. (GISB), has secured new contracts worth $6m to supply direct-to-home satellite outdoor units to a major unnamed Asian satellite service provider.
The AIM-traded firm said GISB would supply "state-of-the-art" equipment to enhance the infrastructure used to transmit high-definition satellite television for the service provider's subscribers throughout the entire territory covered by the service.

It said the first contract was for equipment similar to that supplied by the group previously, while the second was for equipment that had been previously supplied by the group's only other competitor.

The board said the contracts reflected the "confidence and trust" that customers placed in Global Invacom's products and technical capabilities.

Both contracts would run for 24 months between the group and the service provider, with which the group secured its first contract in December 2012.

The two contracts were expected to contribute to the group's financial performance for the financial year ending 31 December 2019.

"These contract wins underscore our partner's continued faith in our services and products," said Global Invacom executive chairman Tony Taylor.

"We value the strong relationship built up over the years with such a large Asian broadcaster.

"Global Invacom will continue to seek out similar opportunities to drive growth and enhance value for our shareholders."

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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 242

GINV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.13% above the market average29.13% above the market average29.13% above the market average29.13% above the market average29.13% 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
71.67% above the market average71.67% above the market average71.67% above the market average71.67% above the market average71.67% above the market average
41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average41.67% above the sector average
Income Not Available
Growth
62.35% below the market average62.35% below the market average62.35% below the market average62.35% below the market average62.35% 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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