Globo (GBO) this week issued a trading statement which is the usual gibberish from a company driven by issuing non news to support a share price which I fundamental terms is unjustifiable.
Where do we start? With the statement:
“The Group has seen a strong start to 2014, ahead of market expectations. Growth has been driven by increasing GO!Enterprise revenues, the continued growth of our consumer CitronGO! business, and new enterprise customer and partner wins…..Our focus in 2014 is on enlarging our sales teams, investing in R&D and business development, empowering our marketing strategy and setting up the infrastructure, systems and processes for future global growth.
Following an exceptional financial performance last year, driven by revenue and profit growth as well as free cash flow generation, Globo has continued to achieve strong revenue and profit growth this year across both enterprise and consumer segments. “
- What are market expectations and which metrics is Globo beating?
- Was cash generation last year strong?
Filed under: