The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 12 December 2015, 06:53
In April 2014 I visited the Athens headquarters of Globo (GBO) to shoot some photos and record a uber-sceptical video as you can see HERE. At the time most Bulletin Board Morons were big Globo fans and I was derided as a mad stalker. Then a few weeks ago we exposed Globo as a fraud HERE whiler the rest of the gutless British press - notably snot-gobbler Dan McCrum at the FT - sat silent until the shares were suspended. Today I thought I'd pop along to see what was left. The answer, as you can see from the photos below, is nothing. Compare these photos with my last lot HERE. Globo's headquarters are walking distance from those of InternetQ (INTQ) and so I recorded a Globo special video which is is also below.
Published 8 November 2013, 06:39
Globo (GBO) sought to reassure investors’ nerves last week with an upbeat announcement showing revenues for the nine months to September up 58% from the comparable period last year to Euro 50 million. It revealed that it generated free cash flow of Euro 400,000 and said that this was set to grow as its Enterprise business grew, attracting faster paying customers. So why do I stay short?
Published 21 June 2014, 10:29
Globo (GBO) this week issued a trading statement which is the usual gibberish from a company driven by issuing non news to support a share price which I fundamental terms is unjustifiable.
Published 3 November 2015, 11:33
Tom Winnifrith noted earlier HERE the entry into administration of Globo plc (GBO) - the announcement from the administrators including that they “will be applying in due course for the cancellation of the admission of the company's shares to trading on AIM”. FTSE has now updated on this…
Published 31 October 2015, 02:31
At no-one is watching O’clock the fraud Globo (GBO) released a statement – it is all over bar the shouting.
Published 1 August 2014, 13:55
My review of the trading update earlier this week from Globo plc (GBO) elicited a couple of reader comments – particularly asking “what cash situation do you want from a company in the growth stage”? and “would you please comment on globo 2013 final accounts ageing of trade receivables”. Showing it to be incorrect that “whenever a question is asked it is ignored by the shareprophet writers”, the following reviews.
Published 26 October 2015, 01:39
The scandal at FRAUD Globo (GBO) is still getting worse: we have now had news that Globo CEO Mr Konstantinos Papadimitrakopoulos has been selling shares - 42 million of them, and a further 10 million have been "pledged" in a now defaulting "loan" deal with Lantau Holdings in a deal which has echos of the Equities First which was used by fraudster Rob Terry and his henchmen. The shocking statement reads:
Published 23 October 2015, 01:50
Globo (GBO) has responded to the report published last night by the wicked and evil global shorting conspiracy by saying that its shares will remain suspended until it can issue, what it terms, a full rebuttal of a report it says is false.
Published 9 March 2014, 08:17
5 Star rated (by me) blogging supremo Paul Scott posted a comment at the foot of my most recent humble offering on Globo (GBO) which is frankly far better than the piece itself. In it he explains why he has added to his short in Globo. I think this merits a wider audience and so republish the comment as an article.
Published 20 November 2014, 05:05
Globo plc (GBO) has updated that it “continues to innovate and grow on all fronts” and that “we are confident that the successes of the first nine months of the year will continue through the remainder of 2014 and beyond”. With the shares, at 45.25p, down from more than 87p reached in October 2013 but currently up by 6.5% today to capitalise the company at £169 million, is it still wise to be short here?
Published 7 July 2014, 17:44
Since I last commented on the company in May, Globo plc (GBO) has updated on trading and then most recently announced an acquisition – this of the services division of Sourcebits Inc., a developer of mobile applications and proprietary products for enterprise customers. But Show Me The Money! I mean where's the cashflow?
Published 6 September 2016, 05:33
You remember Globo (GBO) don't you? It was the AIM listed Greek company based down the road in Athens from the InternetQ (INTQ) Norfolk which claimed to be profitable and drowning in cash. Except it was not. In the days before we exposed it HERE and got its shares suspended and the firm put into administration, CEO Costis Papadimitrakopoulos sold millions of pounds worth of Globo shares knowing what was to emerge as snot gobbler Dan McCrum of the FT had tipped him off without actually having the balls to break the story. So Costis is clearly a crook but crime does not pay does it? Well it seems that for AIM CEOs like Costis it does.
Published 22 April 2016, 04:29
In case the rozzers want to know where Costis, Konstantinos Papadimitrakopoulos, hid the cash he liberated from the fraud Globo (GBO) both directly and via share sales in the days running up to its collapse, perhaps they should ask disgraced Globo NED and the man who listed it on AIM Gavin Burnell. For it seems that Gavin had dealings with the criminal bubble outside of Globo.
Published 15 April 2014, 07:10
For the next two weeks I am on holiday in the remote Mani region of Greece, an area with a colourful history of blood feuds and murder. But on the 29th I drop the Mrs off at the Airport and head into Athens and the very next day we have results from Globo (GBO) whose headquarters are in the Greek capital. Oh what joy.
Published 16 July 2014, 21:41
It is no secret that I am not a fan of Globo (GBO) – perhaps I shall have to treck up from the Mani to Athens for another visit. I sense things are getting exciting. For the bears.
Published 24 October 2015, 05:52
I have long criticised Roger Lawson of ShareScoc He wrote supportively on blinkx (BLNX) without declaring a position and attacked folks like myself and Ben Edelman who disagreed, declaring that he was a “software expert”. It now appears that the software expert was also long of Monitise (MONI) and Globo (GBO)
Published 29 October 2015, 01:15
Bulls of Globo (GBO) console themselves that there might still be 45 million Euro cash left to provide some share price support. We shall see. We will find out because it now seems certain that Barclays bank has already demanded repayment of its outstanding loans as we can reveal documents downloaded from companies’ house.
Published 25 October 2013, 11:29
Two stocks but the same story. Reported profits can be whatever you want them to be. Forget trading it is all down to how your accountant presents the numbers. Profits are a matter of opinion. Cash is a matter of fact. I start with Globo (GBO) which everyone seems to be bashing today.
Published 10 November 2015, 05:00
The joint administrators of Globo plc (GBO) have further emphasised that they “do not anticipate that there will be any return from the administration for the shareholders” and have updated that “cancellation of the company's AIM securities will take effect from 7am 1 December 2015”…
Published 12 November 2013, 10:46
To great fanfare it was announced that Globo (GBO) CEO and founder Costis Papadimitrakopoulos (crazy name, crazy sort of guy) has today bought 100,000 shares at 62.27p – this is a bravado buy and means not a lot. As I shall explain.
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