Just saw this VR Report in the morning.
This make me more confirm that this is another GEMS
Global Invacom Group Limited
The longer-term uptrend of Global Invacom remains intact. In the short term however, it continues to consolidate within the range of 0.455 – 0.480.
Prices are likely to head towards the upper end of the range of 0.480 in the short-term as both the 14-day relative strength index and the 14-day stochastic are still trending higher in their respective bullish regions. MACD (26,12,9) continued to trade above its equilibrium line, indicating good upward momentum.
A break above that resistance will indicate a minimum upside objective of 0.500.
Strategy: Buy at the previous closing price of 0.460 with an upside target price of 0.500 for the short-term, and 0.550 – 0.650 for the longer-term.
Coming liao, secondary listing. Global Invacom has appointed finnCap and Mirabaud Securities LLP (“Mirabaud”) as joint
brokers to the Placing.
Price range : 35 cents -- 60 cents.
New Shares (54 m) may comprise up to approximately 23.3% of the existing issued share capital and
18.9% of the enlarged issued share capital of the Company immediately after the Placing
I just some study of this company and think it is still worth while to go in at 48 cents if I am prepared to go long on this counter, although it's a bit on the high side and track record wise, the performance was not that great in 2011-12; it only turned around in 2013. Would anyone like to comment on that? Thanks in advance.
Just took the plunge at 47.5 cents though I still think it is a bit pricey, but based on my assessment, I guess the risks are well worth it. Thanks for the tip.
