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Globo Trading Statement Tuesday – what it says does not matter & the Devastating Ennismore Bear note

Tom Winnifrith
Monday 27 January 2014

Globo (GBO) serves up a trading statement on Tuesday. My view is that whatever it says matters not a jot. I do not believe that this is an investment grade business. Where the shares go short term I know not. But one day they will collapse. When will that be, I know not. But I would never want to own shares in this AIM Cesspit posterboy. Fund manager Ennismore has a short position and this internal note is a devastating analysis of why it is right to be short.

Ennismore writes: 

Globo PLC – UK listed Greek software business (short position)

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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