All Stories

Globo Trading Statement – Meaningless Gibberish

Tom Winnifrith
Saturday 21 June 2014

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. “

  1.  What are market expectations and which metrics is Globo beating?
  2. Was cash generation last year strong? 

on ShareProphets | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read