UK 18:41 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This podcast should really be a tutorial in red flag analysis. In it I endeavour to cover every single lesson you can learn from the Globo (GBO) fraud - I hope it makes you look at your portfolio of shares in other companies in a more critical manner.
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Comments
Jock
Investors Chronicle 30th Sept:
…the shares are sensationally cheap on just 5 times forecast earnings for 2015. We maintain our faith for now in this speculative punt. Buy.
Do these chaps ever learn?!
Daniel Victor
Tom,you are right about bulletin boards being a contra indicator.When my two biggest short losers started to go sour – Quindell and APR energy – I looked on ADVFN and Interactive Investor to see if anyone knew of a reason for the price rises.I did not see rampant bullishness – instead,if anything,there was puzzlement.I suspect that the buyers who were driving the prices up knew bloody well what they were doing and had no intention of disclosing it.
Dick
What amazes me about this, is the way Barclays gave millions to this co, and them seems to have believed everything they were told. I suppose it’s only other people’s money. Especially in cases of obscure companies like this, don’t they keep a surreptitious eye on the activities of the body they’ve put money into. Don’t they get a boy in the backroom to check the websites of the co’s partners and try the co’s products to see if they do what the co says they do and that they are for sale where the co says they are? If they’d done this with Globo, they would have been warned years ago.
Jsimbo
I was caught out owning these shares when the game of musical shares ended, guilty of not paying enough attention given that 2 weeks ago I intended to sell on what was a tidy profit and just sort of forgot. You speak the absolute truth about the insanity of the bulletin boards, I posted on there as a pissed of shareholder and got dismissed as a shorter etc. in the most ironically hilarious manner. its almost a cult like atmosphere of self involved wisdom they create there where you are indeed regarded as the devil himself. Anyway as you say lesson is learned and keep up the good work. the more frauds you can expose the better and anyone who says otherwise is an idiot. good on you if you make money by shorting at the same time, it all helps control the system a little bit. given that you and you ‘shorter’ mates ‘cost’ me a small lump of money (if the LSE logic is to be followed) you can take that as high praise indeed.