Formerly known as Reliance Group, is Global Invacom showing glimpses of being a value buy after RTO?
Thanks to a reader for bringing to my attention Global Invacom two days ago. According to the reader, this company was recently relaunched via a Reverse Takeover (RTO) and thus there is a lack of relevant financials.I would further sharpen what the reader meant by "relevant financials" by saying we lack financials that reveal how the business post-ante RTO had performed over a considerable amount of time. This presents a blind spot for investors like myself who might not know the business well and are bad at forecasting attempts.Firstly, let's have a brief understanding of what Global Invacom does.Global Invacom's BusinessTo put it simply, Global Invacom is in the global satellite communications equipment business.Satellite broadcasters are the customers. They are usually large scale and examples include BSkyB, Astro.There are a ......
