Globo (#GBO) - plans to pass the hat round to bond investors
- 2015-06-18 23:18:55
UK 20:29 Wednesday, 23 September 2026
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It came to my attention a while back that Globo (GBO) became a company which attracted questions in certain quarters. However, from a technical perspective it can be said that the setup up in recent months has been very much at odds with the ideas of the detractors.
Globo plc (GBO) has announced “a strong start to 2015” – with Q1 revenue up by 36% to €23.7 million, EBITDA 33% to €13.4 million and reported net cash by, oh, only €0.8 million? (to €41.2 million)…
Shares in “international provider of enterprise mobility management, mobile solutions and software as a service”, Globo plc (GBO) gained 9% yesterday to 52.5p on the back of a results announcement emphasising that for 2014 “we have produced a strong financial performance”. The following suggests otherwise…
From the weekly table published on this website, the following updates how the top 20 single net short positions in London have performed (green indicates the shares were not in the last weekly table of the quarter HERE, with the noted 'closing share price' then that of the publication date of the first weekly table in which the shares no longer appeared)...
My general view on equities is mildly bearish as I explained in my macro calls piece HERE. As such I will be serving up 5 longs and five shorts as my tips of the year. The first long was HERE and the first short HERE. Now for Number 3, Globo (GBO), the sort of flim flam that will suffer badly in a bear market.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...
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?
Having risen to 45p following an announcement a couple of weeks ago that the US National Institute of Standards & Technology had validated its cryptographic modules as per Federal Information Processing Standards (FIPS) 140-2 and that such encryption has been added to its solution suite, shares in Globo plc (GBO) have slipped back towards the pre-announcement price. Is this justified?
In an earlier piece on Greece-originated mobile and telecom software and services business Globo plc (GBO) I concluded that, even if comfortable with the numbers, there looks to remain significant further improvement in net cash generation needed to justify the valuation. What does the balance sheet show?
In an update on the 2013 annual results from Greece-originated mobile and telecom software and services business Globo plc (GBO) I noted that “the majority of the reported profit was tied up in working capital and investment. The issue here is that the table highlights that this is a consistent occurrence”. Has this changed in the today-announced results for the first half of 2014? Err…
I flagged up HERE some days ago the fact that revenues from Globo’s (GBO) flagship Go!Enterprise product seemed not to be growing anymore. The Bulletin Board Morons responded with a claim that Matt simply did not understand that sales were second half weighted. No doubt this is company spin. It is also bollocks.
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.
