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this is really a weird counter that I dont understand.
Yesterday, on Monday it dropped when the market open, to 1.19 then by lunch time it went up!!
I queue at $1.36 to breakeven, when I saw the price of $1.45 after my meeting in the afternoon, I dont believe it. Perhaps there is some news during the conference call with Gems TV in the morning.
Look at the 2Q report if you are interested in the result, I think they costs went up too fast, wondering if they will able to generate enough volume to cover the costs.
Hi guys and singaporegal, what do you see for this counter.. looks like it is really going places... very strong institutional buys..
Credit Suisse issue a buy report, TP 1.87, outperform, price increase 4 cents as at 1043am, $1.38
TA does not look good though. very bearish.
Any comment on this Gem? Good buy?
what happend to this counter? ST says Gem TV US doing good but UK struggling...the price dropped almost 18 cents! for the last few days
A foreign broker issued a buy report with a target price of $2.30. Rose on the back of the report.
Not many of us will understand this co as we never like selling on TV. The vol and the price are steady suggest that those placement guys are still holding for bigger gains. I read thru its prospectus and was stunt by its biz model. From B2B to B2c and now TV Media. Guess one of the few 'dotcom' era cos that managed to leap over from this side of the cliff to the other side. Now we wait to see how successful TV selling is in USA. I believe it will work very well as it is a market that capture the old aunties, young ones sitting in the living room in remote places, towns,etc.
The company will broaden its business from UK to US. It is also looking to expand to Japan and China in future. So its business will grow many times, and so will its profits.
Rallied on talks that a foreign broker would initiate coverage with a $1.80 price target. Not vested.
It is set to premiere exclusively on DIRECTV on Nov 29. DIRECTV is the US' foremost satellite TV service provider.
GemsTV ensures low prices by using the reverse auction method on TV.
It extended its gains on the back of strong institutional interest, dealers said.
Gems TV swung from a net loss of US$163,000 in the financial year ended June 2004 to a net profit of US$5.32 mln in the year to June 2005 and a net profit of US$28.8 mln in the year to last June.