Updates

Globo - Raises Â£9m to accelerate Go!Enterprise

May 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.

Globo has availed of the recent share price strength to announce a placing at 26.5p to raise Â£9.08m after expenses to accelerate the growth of Go!Enterprise Server and for potential in-fill acquisitions.A few weeks earlier the company also issued full year results, with sales up 47% to Eu45.3m and pretax profit up 160% to Eu12m. Eps was Eu3.3 cents, up from Eu2.9 cents.As anticipated, CitronGO! was the growth driver, generating sales of Eu23.4m. The mobile product enables consumers to access their email or social networking accounts on their phones in a similar fashion to a Blackberry and it saw 151% growth in users to 1.4m. It costs just US$1 per-user-per-month but the churn rate remains high; the ceo colourfully de ...

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Silverdell

White Young Green - Non-economic drivers to profit growth

Globo (October 2012)

Globo - Signs first MNO up for Go! EnterpriseServer (August 2012)

Globo - Go!Enterprise Server to launch in Q4 (October 2011)

Globo - Gain since February tip: 50% (May 2011)

Globo - Sales of CitronGo! go into orbit (February 2011)

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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