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Globo - Signs first MNO up for Go! EnterpriseServer

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GBO
  • Price:
  • 19.88p
The shares bounced following Globo's H1 trading update. Sales are running almost a third higher at Eu25.2m and pretax profit is “substantially higher†based on the continued success of mobile product CitronGO! whilst GO!Enterprise Server is gaining traction with its first contract with an (unnamed) MNO just signed. GO!Enterprise Server is a “BYODâ€(bring-your-own-device) platform and is benefiting from the move away from Blackberry towards Androids, iphones and Windows smartphones. Full commercial rollout of the platform in the US is imminent. Daniel Stewart is looking for H1 profits to grow to £6.7m pretax, up from £3.18 when announced in September and with a H2 weighting there is an expectation of Eu16.7m pretax for the y ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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