AVI-TECH ELECTRONICS

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12 years 1 month ago #10836 by PCman
Replied by PCman on topic Re:AVI-TECH ELECTRONICS
Co. bought back 237,000 shares today at 7.5 cents.
Strong resistance at that level. Upside 10 cents

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11 years 1 month ago #16072 by Val
Replied by Val on topic AVI-TECH ELECTRONICS
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.
The following user(s) said Thank You: Joes

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11 years 1 month ago #16074 by gangho
Replied by gangho on topic AVI-TECH ELECTRONICS

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!

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11 years 1 month ago #16084 by Joes
Replied by Joes on topic AVI-TECH ELECTRONICS
Viva + Gangho are very zhun on this one. Up 22% this morning = 9.3 cents. Will it cross 10 cents today? LOL

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11 years 1 month ago #16109 by Joes
Replied by Joes on topic AVI-TECH ELECTRONICS
Crossed 10c liao. 43 million shares traded. Whaat's happening? :cheer:

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11 years 1 month ago - 11 years 1 month ago #16110 by gangho
Replied by gangho on topic AVI-TECH ELECTRONICS
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.
Last edit: 11 years 1 month ago by gangho.
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