Monthly Archives: December 2015

Global-Tech announced financial results for Q2 of fiscal 2016

BVI-incorporated holding company Global-Tech Advanced Innovations Inc., engaged into manufacturing and marketing of high-quality products for the communications industry in China and in other countries, reported its financial results for the second quarter of the year ended September 30, 2015. In this period, which is the second quarter of company’s fiscal 2016, net sales were US$20.1mln, as compared to US$21.1mln for the same quarter of fiscal 2015. Net loss for Q2 of fiscal 2016 was US$2.2mln, or US$0.72 per share (US$2.2mln, or US$0.74 per share in the second quarter of fiscal 2015).

For the six month period ended September 30, 2015, net sales were US$35.4mln, as compared to US$45.7mln in the same period of last year. Net loss for the six months was US$3.2mln, or US$1.06 per share, compared to net loss of US$2.5mln, or US$0.83 per share, in the first half of fiscal 2015.

BVI holding’s price target lowered by WH Ireland

Thalassa Holdings Limited, a British Virgin Islands-registered holding company focused on the geophysical project management, services and the supply of equipment, had its price target lowered by WH Ireland, from US$1.66 (GBX110) to US$0.90 (GBX60). The company currently has a “buy” rating on WH Ireland, and the new price target provided by equities research analysts on Monday suggests a potential upside of 41.18 per cent from the stock’s previous close.

Thalassa Holdings Limited has a 1-year low of GBX 36.00 and a 1-year high of GBX 70.00. Company’s stock has a 50 day moving average price of GBX 51.29 and a 200 day moving average price of GBX 50.96; market capitalization is GBX 10.98 million.