The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 4096 days ago
Globo (GBO) serves up a trading statement on Tuesday. My view is that whatever it says matters not a jot. I do not believe that this is an investment grade business. Where the shares go short term I know not. But one day they will collapse. When will that be, I know not. But I would never want to own shares in this AIM Cesspit posterboy. Fund manager Ennismore has a short position and this internal note is a devastating analysis of why it is right to be short.
Published 3460 days ago
Tom has written on the shocking developments from Globo plc (GBO) today HERE and HERE. Having first been commented on HERE on this site, the following from the subsequent coverage shows some of the significant red flag warnings we highlighted and to look out for in appraising future investments…
Published 3457 days ago
As the ceramic dust settles from the self inflicted smashing of plates over the heads of Globo shareholders, the last straws are being clutched at. Does the company have all that €47 million of net cash it reported in its interims to 30th June 2015?
Published 4188 days ago
AIM listed Globo (GBO) is a stock that both Lucian Miers and Evil Knievil are shorting. I reckon that it is a slam dunk sell as does the Closet Chartist. But the dark destroyer is top analyst Matt Earl who has today published a seminal piece of forensic analysis. Anyone not selling after reading Matt’s article is mad. And an RNS out today is bizarre.
Published 3921 days ago
Last week the Dark Destroyer Matt Earl produced what he termed a “devastating” analysis of accounting at Globo (GBO) – you can see it HERE. A Bulletin Board poster has at the bottom of that article served up what he termed a “devastating” response to the DD. Now Matt hits back. It is all Greek to me (TW) but Matt writes:
Published 3459 days ago
Dan McCrum is a journalist on a very important paper, the FT. And so naturally he of the microscopic cojones is the heroic scribe who brought down the fraud Globo (GBO) all by himself. In between picking his nose and slapping himself on the pack micro cojones yesterday explained how the downfall was 100% down to him. Welcome to the Dan McCrum Globo timeline. His comments are in ordinary font, my own are in bold.
Published 4058 days ago
Greek software firm Globo (GBO) has today announced that it fired its auditors six weeks ago and has a new firm in place. For a firm whose accounts have come under some scrutiny (see HERE) that might raise a few eyebrows but when you look at the exact timeline you will be truly kebabbed.
Published 3457 days ago
Hat tip to reader firede who posted this comment earlier today. It is cracking work to go alongside the news from Barclays, pulling the plug HERE and Matt Earl's questions about cash HERE. By now Globo (GBO) shareholders must realise that the game is up. Over to our reader:
Published 3422 days ago
The Nomad and broker team that brought us the Globo (GBO) fraud from Greece was RBC Capital Markets and Canaccord. This dynamic duo act for another Greek Company InternetQ (INTQ). And here I am - with a hat tip from a good reader - reporting on the spot in the Hellenic Republic with some very hard questions for InternetQ. The GlobalShortingConspiracy also has agents on the ground in Moscow and Poland as well as myself in Greece. This is, as they say, developing...
Published 3460 days ago
What a staggering set of RNS releases this morning from AIM fraud Globo (GBO). First we have the near admission that the fraud allegations are substantially true. Then we have the resignation with immediate effect of joint Broker to Globo, Cannacord – just as Cannacord resigned the Quindell (QPP) account when the heat was really on. And to cap it all - the cherry on the icing on the cake - news that Globo’s erstwhile CEO, Mr Konstantinos Papadimitrakopoulos, had been covertly selling down his holding of shares before the arrival of the bear report from Quintessential Capital Management. But when was he selling?
Published 4034 days ago
In days gone by if AIM Cesspit posterboy Globo (GBO) issued a release saying that a Non Exec Director had farted three times in a day, the Bulletin Board Morons would have lapped it up and the shares would have jumped 15%. Times have changed and ahead of the results investors are (rightly) shit scared.
Published 3454 days ago
As we celebrate the Celtic New Year, ShareProphets asks the old gods to bestow a special blessing upon Globo, who allowed ShareProphets to have a record-breaking week. Manannán mac Lir is probably none too happy about being asked to give a thumbs up to a big fraud like Globo, but I imagine that work is hard to come by as a Celtic deity these days.
Published 4191 days ago
Bear raider Evil Knievil is short of Globo (GBO) at 70p. Much of what he says cannot be printed in a family lawsuit avoid publication. However we can reveal...
Published 3964 days ago
I have noted before, in relation to Globo (GBO ) as it happens (HERE) how companies that are starting to panic about a dismal share price or about investors are asking pesky awkward questions about profits to cash conversion and other investment fundamentals react by issuing total non-news. Today’s effort from Globo (GBO) is a stormer in that respect. It is prize winning non news with a dose of unintelligible corporate bullshit thrown in. In fact it is such classic MBA style bullshit that I will run a competition on the back of it.
Published 3501 days ago
A 3:42pm Globo plc (GBO) announcement of a “High Yield Bond Update” seems like another job for the ShareProphets RNS translation service. Does the announcement alter my negative stance on the shares? Er… No (the RNS in normal font, my interpretation in bold)…
Published 4177 days ago
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 4004 days ago
Globo (GBO) has today served up calendar 2013 results that look as impressive as its luxurious new Athens offices that I visited and filmed yesterday. The numbers have wowed the City – the shares are up 14% at 53p. No doubt the analysts call this afternoon will be a love in with the management. But should any of the teenage scribblers actually want to ask a tough question or two here are 10 to get them started. Many thanks to Matt Earl, the dark destroyer, for this.
Published 3461 days ago
The much anticipated short report on Globo (GBO) arrived last night - see HERE - and predictably the shares have been suspended pending the company’s rebuttal. I have written about Globo quite a lot in the past and for what it’s worth, I offer my opinion on the subject.
Published 3413 days ago
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 1240 days ago
After a six year investigation the FCA has finally launched lawsuits against the CEO and CFO of the £300 million Greek fraud Globo, once a poster boy of the AIM sewer. The company raised more than £100 million in debt and equity but was a complete fraud, going tits up in 2015. You may remember …
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Thursday »
Wednesday »
Tuesday »
Monday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Time left: 00:38:35
