articles

Tom Winnifrith’s share tips for 2015 No 3 – Sell Globo at 39p

Tom Winnifrith Thursday 1 January 2015

 

Share this

My general view on equities is mildly bearish as I explained in my macro calls piece HERE. As such I will be serving up 5 longs and five shorts as my tips of the year. The first long was HERE and the first short HERE. Now for Number 3, Globo (GBO), the sort of flim flam that will suffer badly in a bear market. 

I have been bearish on Globo (GBO) since the mid-seventies and so its shares have almost halved since I weighed in. at 39p the market cap is £132 million and for 2015 I would expect the shares to halve again, or worse.

Globo throws up a series of red flags for any investor but I will leave the most serious to last. But in no particular order other than leaving the best/worst to last here goes:

Read the full article 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]
Read next

Tom Winnifrith Bearcast: £2m coke & hookers money for the City boys, shareholders lose 80% - another day on the AIM Casino

In today’s bearcast I look forward to the new show on Wednesday which will be half recorded by the end of today. I cover Mortice (MORT) a tale of shareholder woe friom the AIM Cesspit, Kier (KIE), Dev Clever (DEV), Anglo African Oil & Gas (SCUM), Premier Technical Services Group (PTSG) and Mobile Streams (MOS), where I study what happens to cashflow when a company is near to death and the red flag gaps in today’s trading statement.

On ShareProphets
Monday 15 July 2019
TomWinnifrith.com Copyright © . All rights reserved.
Created by Everywhen