Updates

Globo

October 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 reported interims showing sales up 29% to Eu25.2m, reflecting very good growth on the mobile side whilst the legacy Greek software business went into a sharp reverse. Pre-tax profit was Eu5.86m, an increase of 84% with eps up 56% to 0.14 cents.The mobile solutions side, which comprises CitronGo! and Go!Enterprise (Go!E) grew its sales from Eu8.1m to Eu19.1m, a 137% increase.This total included a maiden contribution from GO!Enterprise of Eu4.4m. Go!E has to date launched in 18 countries but launches in the biggest market, the US, at CTIA-MobileCon on 9-11 October. It is well resourced to do so with net cash of Eu12.3m following the recent placing. The route to market for Go!E is IT distributors and mobile ne ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Quindell Portfolio

Hargreaves Services - Moots exit from deep coal mining with little pain

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

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

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