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Another ‘oh no’ for Globo…

By Steve Moore | Thursday 22 October 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in Globo plc (GBO) are continuing to fall following another group of investors saying ‘oh no’ to its investment proposition. With the shares already well down from an approaching 90p a couple of years ago, they are now back below 30p with the company having now announced “that it has postponed the proposed issue of Senior Secured High Yield Notes due to market conditions”


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