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Global Invacom says Brexit not all bad for its business

Tue, 05th Jul 2016 14:14

(ShareCast News) - Satellite technology firm Global Invacom issued an update to its investors on Tuesday, over the potential ramifications of the UK leaving the EU.The AIM-traded firm said the UK's impending departure from the EU, with negotiations expected to commence in the fourth quarter of the calendar year, has resulted in economic uncertainty.Its directors, however, said they believe the immediate impact on the group's satellite communications will "not be significant".Global Invacom's board said the weakening of sterling following the results of the vote is expected to have a favourable foreign exchange impact on the group's financial performance in the near to medium term."The group incurs a significant portion of its operational and research and development costs denominated in sterling for activities carried out of its UK facilities, and buys some raw materials such as steel and components in US dollars," it said in a statement."However, as almost all its revenue for satellite communications equipment is denominated in US dollars, the weakening of the pound against the dollar will offer some foreign exchange advantages in the near term."Global Invacom said that, depending on the outcome of trade negotiations between the UK and the EU following the formal exit, the group may consider establishing a logistics hub in an EU country so that it can continue tariff-free transactions via a possible UK-EU free trade agreement."While the UK may experience an economic slowdown following the referendum, historical trends have shown that consumption of satellite-streamed content and data increases during such recessions," the board explained."Such a development, with more audiences staying home for longer periods of time consuming media entertainment, could benefit [our] major UK client Sky."Global Invacom supplies Sky with satellite dishes and circuit boards for set top boxes.
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19 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
Tuesday 24 October 
Accrol Group Holdings PLCAGM
Oneiro Energy PLCAGM
Tufton Oceanic Assets LtdAGM
WH Ireland Group PLCAGM
Wednesday 25 October 
Arcontech Group PLCAGM
Hargreaves Services PLCAGM
Kavango Resources PLCGM re takeover
MGC Pharmaceuticals LtdGM re consolidation of capital, share placement
Pendragon PLCGM re strategic partnership with Lithia and name change to Pinewood Technologies PLC
Springfield Properties PLCAGM
Thursday 26 October 
Alumasc Group PLCAGM
Brooks Macdonald Group PLCAGM
Feedback PLCAGM
Filtronic PLCAGM
Global Invacom Group LtdEGM re cancellation of admission to trading on AIM
Hipgnosis Songs Fund LtdAGM
Hipgnosis Songs Fund LtdEGM re sale of portfolio
IMC ExplorationEGM re takeover of Karaberd
Made Tech Group PLCAGM
Mattioli Woods PLCAGM
Mid Wynd International Investment Trust PLCAGM
Novacyt SAAGM
South32 LtdAGM
Tirupati Graphite PLCAGM
TMT Acquisition PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Sep 2023 16:56

LONDON MARKET CLOSE: Stocks slide as high oil prices unnerve markets

(Alliance News) - Stocks in London closed in the red on Wednesday, as elevated oil prices added to worries about the future of inflation and in turn complicated the outlook for global interest rates.

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6 Sep 2023 12:13

Global Invacom to depart from London, keep only Singapore listing

(Alliance News) - Global Invacom Group Ltd on Wednesday said it has decided to cancel its stock listing on the AIM market in London and retain only its primary listing in Singapore.

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11 Aug 2023 10:34

Global Invacom half-year loss narrows and revenue drops

(Alliance News) - Global Invacom Group Ltd on Friday said its interim revenue plunged amid a challenging year, while its loss narrowed.

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7 Aug 2023 15:44

UK earnings, trading statements calendar - next 7 days

Tuesday 8 August 
abrdn PLCHalf Year Results
Glencore PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Quilter PLCHalf Year Results
Rotork PLCHalf Year Results
SDI Group PLCFull Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 9 August 
4imprint Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Bank of Cyprus Holdings PLCHalf Year Results
Bellway PLCTrading Statement
CLS Holdings PLCHalf Year Results
CML Microsystems PLCTrading Statement
Coca-Cola HBC AGHalf Year Results
Flutter Entertainment PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hill & Smith PLCHalf Year Results
Hiscox LtdHalf Year Results
Impact Healthcare REIT PLCHalf Year Results
MaxCyte IncHalf Year Results
Polymetal International PLCTrading Statement
RM PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
TP ICAP Group PLCHalf Year Results
Tui AGQ3 Results
Vaalco Energy IncHalf Year Results
Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Ocean Wilsons Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
Riverstone Credit Opportunities Income PLCHalf Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Videndum PLCHalf Year Results
Watches of Switzerland Group PLCTrading Statement
Wheaton Precious Metals CorpHalf Year Results
Zoo Digital Group PLCFull Year Results
Friday 11 August 
FBD Holdings PLCHalf Year Results
Murray International Trust PLCHalf Year Results
Monday 14 August 
CentralNic Group PLCHalf Year Results
Global Invacom Group LtdHalf Year Results
Plus500 LtdHalf Year Results
Stelrad Group PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Aug 2023 14:13

IN BRIEF: Global Invacom loss narrows amid "challenging" six months

Global Invacom Group Ltd - Singapore-based satellite communications equipment and electronics provider - Says revenue in the six months ended June 30 was USD31.3 million, down from USD37.4 million year-on-year. Net loss narrows to USD2.1 million, from USD3.3 million the year prior. Expects gross profit to be USD8.3 million, up from USD7.4 million year-on-year. The company says it plans to announce its full first half results by August 14.

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19 Apr 2023 15:43

UK shareholder meetings calendar - next 7 days

Thursday 20 April 
Cineworld Group PLCGM re loss of capital
Franchise Brands PLCGM re acquisition of Pirtek Europe
Haleon PLCAGM
Jarvis Securities PLCAGM
Relx PLCAGM
Segro PLCAGM
Friday 21 April 
Aukett Swanke Group PLCAGM
Murray International Trust PLCAGM
Senior PLCAGM
System1 Group PLCGM re board changes
Monday 24 April 
CentralNic Group PLCAGM
Ground Rents Income Fund PLCEGM re changes to the investment policy and new board fees
Tuesday 25 April 
Aquis Exchange PLCAGM
Beazley PLCAGM
Coro Energy PLCGM re disposal of the Italian natural gas assets
Entain PLCAGM
GlobalData PLCAGM
Hydro Hotel Eastbourne PLCAGM
NatWest Group PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
SigmaRoc PLCAGM
VH Global Sustainable Energy Opportunities PLCAGM
Wednesday 26 April 
Alfa Financial Software Holdings PLCAGM
Anglo American PLCAGM
Breedon Group PLCAGM
Bunzl PLCAGM
Corcel PLCAGM
Croda International PLCAGM
Drax Group PLCAGM
Elementis PLCAGM
Global Invacom Group LtdAGM
Kazera Global PLCAGM
Metro Bank PLCAGM
Mobius Investment Trust PLCAGM
Nichols PLCAGM
One Media IP Group PLCAGM
Persimmon PLCAGM
RIT Capital Partners PLCAGM
Trian Investors 1 LtdEGM re share redemption
Trian Investors 1 LtdAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Feb 2023 14:27

EARNINGS SUMMARY: Base Resources profit surges; Spectral MD optimistic

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Monday and not separately reported by Alliance News:

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22 Feb 2023 15:46

UK earnings, trading statements calendar - next 7 days

Thursday 23 February 
Anglo American PLCFull Year Results
Arbuthnot Banking Group PLCTrading Statement
BAE Systems PLCFull Year Results
Drax Group PLCFull Year Results
Driver Group PLCFull Year Results
Genus PLCHalf Year Results
Greencoat UK Wind PLCFull Year Results (TBC)
Harmony Energy Income Trust PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Made Tech Group PLCHalf Year Results
Mondi PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Pantheon International PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Spectris PLCFull Year Results
Versarien PLCFull Year Results
WPP PLCFull Year Results
Friday 24 February 
ASA International Group PLCTrading Statement
CVS Group PLCHalf Year Results
European Opportunities Trust PLCHalf Year Results
Grit Real Estate Income Group LtdHalf Year Results
Irish Residential Properties REIT PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Monday 27 February 
Associated British Foods PLCTrading Statement
Beeks Financial Cloud Group PLCHalf Year Results
Bunzl PLCFull Year Results
Centralnic Group PLCFull Year Results
Dechra Pharmaceuticals PLCHalf Year Results
DX Group PLCHalf Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Kosmos Energy LtdFull Year Results
Quartix Technologies PLCFull Year Results
RHI Magnesita NVFull Year Results
Senior PLCFull Year Results
Tuesday 28 February 
abrdn PLCFull Year Results
Benchmark Holdings PLCQ1 Results
Bluefield Solar Income Fund LtdHalf Year Results
boohoo Group PLCFull Year Results
Cap-XX LtdHalf Year Results
Croda International PLCFull Year Results
Dalata Hotel Group PLCFull Year Results
Derwent London PLCFull Year Results
Hutchmed (China) LtdFull Year Results
Intertek Group PLCFull Year Results
Kitwave Group PLCFull Year Results
Man Group PLCFull Year Results
McBride PLCHalf Year Results
Morgan Advanced Materials PLCFull Year Results
Ocado Group PLCFull Year Results
Princess Private Equity Holding LtdFull Year Results
Rotork PLCFull Year Results
Serco Group PLCFull Year Results
St James's Place PLCFull Year Results
S-Ventures PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Unite Group PLCFull Year Results
Videndum PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 1 March 
Aston Martin Lagonda Global Holdings PLCFull Year Results
Capital & Counties Properties PLCFull Year Results
GetBusy PLCFull Year Results
Glenveagh Properties PLCFull Year Results
Global Invacom Group LtdFull Year Results
Haydale Graphene Industries PLCHalf Year Results
International Personal Finance PLCFull Year Results
Nichols PLCFull Year Results
Permanent TSB Group Holdings PLCFull Year Results
Persimmon PLCFull Year Results
Rathbones Group PLCFull Year Results
Reckitt Benckiser Group PLCFull Year Results
Ricardo PLCHalf Year Results
Weir Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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15 Feb 2023 14:08

Global Invacom expects to swing to full-year loss of USD13.2 million

(Alliance News) - Global Invacom Group Ltd on Wednesday said it expects to swing to a full-year loss and to report a 12% drop in revenue.

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9 Dec 2022 14:42

Global Invacom announce chair to step down after 16 years with firm

(Alliance News) - Global Invacom Group Ltd on Friday said Executive Chair Tony Taylor decided to step down as a member of the board with immediate effect, after 16 years with the Singapore-based communications equipment company.

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24 Nov 2022 10:19

Global Invacom bemoans residual effect of pandemic after swing to loss

(Alliance News) - Global Invacom Group Ltd on Thursday said it would be conducting an operational review of the business, after seeing earnings fall on product delays in the year-to-date.

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12 Aug 2022 09:49

Global Invacom posts widened interim loss on semiconductor hit

(Alliance News) - Global Invacom Group on Friday reported a drop in revenue and a widened loss for the first half of 2022, as a result of semiconductor shortages.

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2 Aug 2022 16:48

TRADING UPDATES: Revolution Beauty, Global Invacom anticipate loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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15 Jul 2022 21:26

TRADING UPDATES: Premier Miton assets dip; Challenger Energy CFO quits

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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