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Globo - Sales of CitronGo! go into orbit

February 2011

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:
  • 17p
Like many technology companies Globo (GBO; 17p) has not been idle over the past three years since the business joined AIM. A business that started supplying software solutions to banks and operating WiFi hotspots in Greece is slowly transforming into a provider of software that enables consumers to access their email or social networking accounts on their mobile phones, in a similar fashion to rivals like Blackberry but in the opinion of the company, their technology is cheaper and better as it can be run on an ordinary legacy phone. The proof is in the pudding. Sales of the latter have been ramping up strongly and have gone from virtually nowhere to account for 20% of the bigger Eu30.9m sales total in 2010. Further excitement is expecte ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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