Share Prophets

Tuesday 13 November 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



Results

Search articles by EPIC code

Elon Musk's biggest fan in Greece updates his facebook page - crime does pay for Costis the Globo fraudster

2018-09-10 08:40:37

Elon Musk might be forgiven for thinking that few in the business community still lve him. But he does have fans. Step forward Costis Papadimitrakopoulos the founder and CEO of Globo (GBO) which raised tens of millions of dollars in debt and bvia issuing shares on AIM and claimed to have net cash but er... did not. It was a fraud and Costis took stacks of that cash and also sold all his shares before the balloon went up after being tipped off by snot gobbler Dan McCrum lof the FT. Anyhow Costis has been busy on facebook updating his profile last month as you can see below.

Is Gavin Burnell the most expensive teaboy in the City – what exactly does he do at Novum?

2018-08-14 12:51:38

Prompted by a reader I wonder exactly what Gavin Burnell of Globo infamy is doing round at Novum Securities these days?

Globo – Grant Thornton is not off the hook despite the FRC dropping investigation

2018-07-30 14:30:18

Globo (GBO) was a fraud which claimed to have cash but did not and is now bust.  Its downfall was precipitated by ShareProphets publishing a Gabriel Grego dossier after the FT and snot-gobbler Dan McCrum merely tipped off the CEO allowing him to dump all his shares and failed to publish. Now the Financial Reporting Council says that it is letting auditor Grant Thornton off the hook and dropping its enquiry.

Gavin Burnell of Globo infamy – what does he do at Novum and does the FCA know?

2018-06-15 00:13:55

I noted yesterday that Gavin Burnell of Globo infamy was one of the team at Novum Securities which raised £4.5 million for Audioboom (BOOM) at 3p – a placing which is already well underwater. How do I know? Because his name is one of three at Novum on the RNS. But here is a funny thing: Burnell is not approved by the FCA to conduct investment business! As you can see below, it reckons he is “inactive.”. I took this up with Novum boss Hugh McAllister…

From Globo to Bitcoin natch - the Greek fraudster of the year is back

2017-12-26 02:10:59

You can't keep a good man down, or indeed a bad man. I refer to Greece's perennial entrant in the European fraudster of the year contest, Mr Konstantinos "Costis" Papadimitrakopoulos. You will remember him as the creator and CEO of the fraud Globo (GBO) and a man who was able to sell all his shares before we exposed him HERE and the stock was suspended, after Dan "snot gobbler" McCrum of the FT alerted him that the game was almost up. As you can from LinkedIn see Costis has a new venture and also sees Bitcoin as an area to get into. And who said that the crypto currency was mainly a place to launder ill gotten gains?

Missed out on the Globo fraud fear not Gavin Burnell is backing another wannabe AIM "winner"

2017-11-24 23:51:13

Some folks have no shame. I talk not of serial promoter of dogs and frauds Gavin Burnell but of AIM Regulation who are allowing another Burnell backed "winner" to list. The high point of Gavin's career was of course Globo which he brought to AIM via an RTO, where he was a very well paid NED, made a killing selling shares and which was then exposed as a fraud HERE and went bust within 72 hours. Of course Gavin did nothing wrong. The CV gets better

New Bulletin Board Moron of the week PRIZE contest graciously sponsored byRoger Lawson again

2017-07-24 01:35:42

Former ShareSoc chairman Roger Lawson, who has threatened to sue Tom Winnifrith, is the sponsor of this week's Bulletin Board Moron contest. Yes he sponsored last week's contest as well but he still has a few of the Globo sharesw he promoted so enthusiastically to hand out as a prize so Roger is back again

New Bulletin Board Moron of the week PRIZE contest sponsored byRoger Lawson

2017-07-17 02:02:21

Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward  Roger Lawson of ShareSoc  who will donate some of the Globo shares he owns as a prize.  Natch, Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.

Who has been daft enough to send Tom Winnifrith a stern lawyer's letter? 92% of you guessed wrongly

2017-07-16 01:26:19

Five days ago someone who you would say had  a career death wish, if he had actually got a career, sent me a stern lawyers letter demanding that I pull all articles on him (going back 40 months) pay him damages, never write about him again and publish a grovelling apology dictated by him. I asked you to guess who has been so daft and 92% of you got it wrong.

Wise words from the man who was supportive of Globo & Blinkx - Roger Lawson

2017-01-18 01:32:14

Who has just written "I said in our last newsletter that my portfolio performance was disappointing in 2016, but I am feeling a lot better now as I made a reasonable profit and better than most of the "expert" tipsters it seems. Perhaps the moral to be drawn from this news is that it might be best to do your own research rather than pick up tips from others and rely on them for investment purposes. Reading the national press or other publications might be useful for picking up ideas, but you should consider any tips with an appropriate amount of scepticism until you have researched the companies and fully understood what they do and their financial structure. In other words, don't simply believe what you read.

Photo Story: Crime does pay if you are an AIM CEO - check out where Costis Papadimitrakopoulos from Globo is hanging out?

2016-09-06 04:33:40

You remember Globo (GBO) don't you? It was the AIM listed Greek company based down the road in Athens from the InternetQ (INTQ) Norfolk which claimed to be profitable and drowning in cash. Except it was not. In the days before we exposed it HERE and got its shares suspended and the firm put into administration, CEO Costis Papadimitrakopoulos sold millions of pounds worth of Globo shares knowing what was to emerge as snot gobbler Dan McCrum of the FT had tipped him off without actually having the balls to break the story. So Costis is clearly a crook but crime does not pay does it? Well it seems that for AIM CEOs like Costis it does.

Wondering where the cash Costis stole from Globo went? Gavin Burnell might know a thing or two

2016-04-22 03:29:35

In case the rozzers want to know where Costis, Konstantinos Papadimitrakopoulos, hid the cash he liberated from the fraud Globo (GBO) both directly and via share sales in the days running up to its collapse, perhaps they should ask disgraced Globo NED and the man who listed it on AIM Gavin Burnell. For it seems that Gavin had dealings with the criminal bubble outside of Globo.

Reviewed: Performance of the AIM shares shorted as at the start of 2015

2016-01-08 05:05:40

From the FCA's spreadsheet of short positions required to be disclosed to it, we recently detailed the shorted AIM shares (by net short position %) at the start of 2016 - see HERE. The following review of 'The AIM shares shorted as at the start of 2015' suggests further why it may be worth paying some attention...

Video: Gabriel Grego and Globo the exposure explained at Gold & Bears November 2015

2015-12-19 02:27:47

The bear "kill" of the autumn was the exposure of Globo (GBO) as a fraud by my pal the US hedge find manager Gabriel Grego who is now established as a star player in the global shorting conspiracy. He flew into Gold and Bears to tell us all. This is a cracking presentation. Enjoy.

Photo and Video Special from the HQ of the late lamented Globo

2015-12-12 06:53:51

In April 2014 I visited the Athens headquarters of Globo (GBO) to shoot some photos and record a uber-sceptical video as you can see HERE. At the time most Bulletin Board Morons were big Globo fans and I was derided as a mad stalker. Then a few weeks ago we exposed Globo as a fraud HERE whiler the rest of the gutless British press - notably snot-gobbler Dan McCrum at the FT -  sat silent until the shares were suspended. Today I thought I'd pop along to see what was left. The answer, as you can see from the photos below, is nothing. Compare these photos with my last lot HERE. Globo's headquarters are walking distance from those of InternetQ (INTQ) and so I recorded a Globo special video which is is also below. 

A lesson in English for the boards of Globo and InternetQ & their shoddy advisors

2015-12-03 08:02:50

How odd that two Greek companies represented by the same Nomad and Broker team of RBC and Canaccord should both make the same howling error in responding to allegations made by my good self and this website.

Globo plc – update emphasises 'it's a wipeout!' (P.S. Who's going to break it to Roger Lawson?)

2015-11-10 05:00:16

The joint administrators of Globo plc (GBO) have further emphasised that they “do not anticipate that there will be any return from the administration for the shareholders” and have updated that “cancellation of the company's AIM securities will take effect from 7am 1 December 2015”

The Globo Fraud Scandal - a look at the winners

2015-11-08 09:11:33

EDIT: table reformatted so you can see it all now. Prepare for instant nausea. I've been taking a look at some of the winners from the Globo scandal - those who made money while the shareholders were scammed. Of course, Globo was a fine example of the best corporate governance to be found on AIM. That is what all those exec and non-exec directors (including two chairmen) as well as two principal audit firms were being paid for. Let us take a look at who made what since Globo joined the Casino at the back end of 2007.

Globo plc – confirmed date of removal from AIM follows earlier announcement still claiming “Globo is a trusted mobility partner”, Er…

2015-11-03 11:33:42

Tom Winnifrith noted earlier HERE the entry into administration of Globo plc (GBO) - the announcement from the administrators including that they “will be applying in due course for the cancellation of the admission of the company's shares to trading on AIM”. FTSE has now updated on this…

Globo – Administrators called in it is a wipe-out

2015-11-03 07:46:02

Roger Lawson suggested, on the ShareSoc website , that he and other shareholders in Globo (GBO) might go in and assist the board. I guess his services won’t be needed now because it is all over. A bad call by Lawson and another win for the bears.

Globo Scandal - How much did the FY14 Audit cost?

2015-11-02 00:29:41

Needless to say, when a fraud scandal breaks one of the questions which gets asked is where were the auditors? In some cases the audit is shown to be hopeless - I would imagine that some will view KPMG's efforts with Quindell (QPP) in that category. Sometimes it is simply that the level of audit which would have been required to unearth the fraud (or, cough, errors) would simply have been too expensive to perform and not necessarily required by the regulators. 

Notes from Underground - Happy Samhainn

2015-11-01 05:09:47

As we celebrate the Celtic New Year, ShareProphets asks the old gods to bestow a special blessing upon Globo, who allowed ShareProphets to have a record-breaking week. Manannán mac Lir is probably none too happy about being asked to give a thumbs up to a big fraud like Globo, but I imagine that work is hard to come by as a Celtic deity these days.

FRAUD Globo – Nomad quits, Barclays calls default, all the money’s gone - it’s almost game over

2015-10-31 02:31:58

At no-one is watching O’clock the fraud Globo (GBO) released a statement – it is all over bar the shouting.

The Globo fraud - the vipers nest at Metis

2015-10-29 05:55:43

Hat tip to reader firede who posted this comment earlier today. It is cracking work to go alongside the news from Barclays, pulling the plug HERE and Matt Earl's questions about cash HERE. By now Globo (GBO) shareholders must realise that the game is up. Over to our reader: 

BREAKING: Globo – where’s the cash, has Barclays already pulled the plug?

2015-10-29 01:15:22

Bulls of Globo (GBO) console themselves that there might still be 45 million Euro cash left to provide some share price support. We shall see. We will find out because it now seems certain that Barclays bank has already demanded repayment of its outstanding loans as we can reveal documents downloaded from companies’ house.

Globo: two and a bit reasons ... why the cash might not be there.

2015-10-29 01:01:48

As the ceramic dust settles from the self inflicted smashing of plates over the heads of Globo shareholders, the last straws are being clutched at. Does the company have all that €47 million of net cash it reported in its interims to 30th June 2015?

Table of shorted AIM shares - 23/10/2015

2015-10-28 04:50:43

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

FRAUD Globo: Costis Reported to Rozzers in Greece, Cyprus and UK and FCA on the case (at last)

2015-10-28 00:51:14

Thanks entirely to the courageous investigative journalism of the snot gobbler Dan “microscopic cojones” McCrum at the FT, ex Globo (GBO) boss Costis Papadimitrakopoulos is now formally in the soup – the company has reported him for fraud to “the appropriate law enforcement agencies in the UK, Greece and Cyprus.”

BREAKING: Gabriel Grego the Globo Destroyer – new speaker at Gold & Bears – get 1 of 25 free tickets today

2015-10-27 11:03:41

Breaking news: We have a new speaker at Gold & Bears, Gabriel Grego the author of the report that exposed the Globo fraud is flying in from New York as a new headliner. This guy is good.

Prevention of Fraud and/or Error: are auditors a pointless waste of money?

2015-10-27 03:02:26

The Globo (GBO) scandal brings up the issue once again of what an auditor is there to do. Yesterday’s admission that, essentially, Globo’s accounts could not be relied upon suggests that there has been a massive failure. Auditor there: Grant Thornton. But Globo is by no means the only case of investors being misled as to the true picture in a company’s accounts.

Dan “microscopic cojones” McCrum of the FT – That Globo fraud timeline in full…NOT

2015-10-27 01:50:22

Dan McCrum is a journalist on a very important paper, the FT. And so naturally he of the microscopic cojones is the heroic scribe who brought down the fraud Globo (GBO) all by himself. In between picking his nose and slapping himself on the pack micro cojones yesterday explained how the downfall was 100% down to him.  Welcome to the Dan McCrum Globo timeline. His comments are in ordinary font, my own are in bold.

C. Papadimitrakopoulos, CEO Globo PLC, receives the World Finance award for Best Telecoms Innovation

2015-10-26 09:40:16

You think awards all a load of old cock? You think that being lauded by the London Stock Exchange is a bad sign? Yup lets watch a video of fraudster Konstantinos Papadimitrakopoulos, until today CEO of the fraud Globo (GBO) in action. Well done you old crook. But at least as you rot in jail know that the LSE once loved you.

Which broker did the dirty work for fraudster Costis of Globo?

2015-10-26 09:19:00

So which top City broker helped fraudster Konstantinos Papadimitrakopoulos of the fraud Globo (GBO) dump most of his shares last week? Given that the size of the dumping could have meant only one sellers surely its compliance officer was alerted and did something. Or maybe not. So which broker was it. The table below shouts out just one name.

Globo plc - some highlights of the red flags aplenty noted on this site...

2015-10-26 07:06:31

Tom has written on the shocking developments from Globo plc (GBO) today HERE and HERE. Having first been commented on HERE on this site, the following from the subsequent coverage shows some of the significant red flag warnings we highlighted and to look out for in appraising future investments…

The Globo Scandal – who is behind Lantau Holdings Ltd, and was the RNS of 14 Sept Market Abuse?

2015-10-26 06:26:20

What a staggering set of RNS releases this morning from AIM fraud Globo (GBO). First we have the near admission that the fraud allegations are substantially true. Then we have the resignation with immediate effect of joint Broker to Globo, Cannacord – just as Cannacord resigned the Quindell (QPP) account when the heat was really on. And to cap it all -  the cherry on the icing on the cake - news that Globo’s erstwhile CEO, Mr Konstantinos Papadimitrakopoulos, had been covertly selling down his holding of shares before the arrival of the bear report from Quintessential Capital Management. But when was he selling?

Globo - another cracking tip from the fraud loving Chronic Investor

2015-10-26 04:54:19

Hat-tip to Alcira, straight from the organ that advised buying shares in the China Frauds, we find that the dear old Investor's Chronicle has hit on yet another winner. For on 30 September of this year - just four weeks ago -  it reiterated its advice that readers buy Globo at 38.3 pence. Whoops!

You can read the sage advice HERE

Buy Globo - target price 90p said house broker Canaccord last week - the worst research note in history?

2015-10-26 04:23:22

Is this the worst research note in history. Buy a fraud at 30p target 90p with suspension happening within days. How Canaccord must be wishing they could bring back Kevin Ashton as their tech analyst now? This dreadful note is below. Enjoy.

Globo - more scandal as CEO exposed for dumping shares as we revealed bear report on way

2015-10-26 01:39:49

The scandal at FRAUD Globo (GBO) is still getting worse: we have now had news that Globo CEO Mr Konstantinos Papadimitrakopoulos has been selling shares - 42 million of them, and a further 10 million have been "pledged" in a now defaulting "loan" deal with Lantau Holdings in a deal which has echos of the Equities First which was used by fraudster Rob Terry and his henchmen. The shocking statement reads:

Globo admits it’s a fraud, CEO & CFO quit, shares stay suspended

2015-10-26 01:30:18

The entire spineless mainstream press were too cowardly to publish the Globo (GBO) bear report by Quintessential Capital Management last week or even to link into it. We were not and we published it in full on Thursday HERE and today the company has admitted that it is indeed a fraud, the CEO and CFO have quit and the shares stay suspended.

Thoughts on The Globo Report

2015-10-25 05:51:03

The much anticipated short report on Globo (GBO) arrived last night  - see HERE - and predictably the shares have been suspended pending the company’s rebuttal. I have written about Globo quite a lot in the past and for what it’s worth, I offer my opinion on the subject.

Bitch fight at the twitter OK coral: top share blogger Paul Scott trashes Roger Lawson

2015-10-24 04:52:00

I have long criticised Roger Lawson of ShareScoc He wrote supportively on blinkx (BLNX) without declaring a position and attacked folks like myself and Ben Edelman who disagreed,  declaring that he was a “software expert”.  It now appears that the software expert was also long of Monitise (MONI) and Globo (GBO)

Globo responds to Evil Short sellers 40 page report

2015-10-23 00:50:59

Globo (GBO) has responded to the report published last night by the wicked and evil global shorting conspiracy by saying that its shares will remain suspended until it can issue, what it terms, a full rebuttal of a report it says is false.

Globo - here is THE 40 page bear report - OUCH!

2015-10-22 12:39:14

If this report by New York based Quintessential Capital Management is even half true, Globo (GBO) is in very deep merde. I note that QCM's last big report prompted an aalmost immediate 80% share price collapse. This report is ...startling. I have spoken to the author tonight and this is just an abridged version of what he could have published. The shares should crater on this.

Breaking - the 40 page Globo Report is out tonight

2015-10-22 07:47:17

A source well aquainted with the author of the Globo (GBO) bear report says that it will be published from New York tonight (UK Time). Furthermore..

Another ‘oh no’ for Globo…

2015-10-22 06:55:47

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”

Table of shorted AIM shares - 16/10/2015

2015-10-22 04:05:39

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

Zak Mir's Great Request Show: Castleton Technologies, Globo, Mountfield Group

2015-10-22 00:56:41

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares of Castleton Technologies (CTP), Globo (GBO), Mountfield Group (MOGP) and offer some share price targets.

Globo plc – 2015 interims review part 2/2: balance sheet

2015-10-17 01:40:52

On reviewing the previous results from “international provider of enterprise mobility management, mobile solutions and software as a service”, Globo plc (GBO) HERE the shares were at 52.5p. They declined to below 30p last month, though, following subsequent announcements of a proposed acquisition, interim results and increased shareholdings by Forum Venture Capital GmbH and Forum European Smallcaps GmbH, have recovered to a current circa 40p. Questioning whether previously identified financial concerns remain, I’ve reviewed the recent cash flow performance HERE and the following reviews the balance sheet…

Globo plc – 2015 interims review part 1/2: cash flow

2015-10-16 06:57:15

On reviewing the previous results from “international provider of enterprise mobility management, mobile solutions and software as a service”, Globo plc (GBO) HERE the shares were at 52.5p. They declined to below 30p last month, though, following subsequent announcements of a proposed acquisition, interim results and increased shareholdings by Forum Venture Capital GmbH and Forum European Smallcaps GmbH, have recovered to a current circa 40p. Do previously identified financial concerns remain? …

Globo plc – “EUR14 million Proposed Acquisition”, Hmmm…

2015-09-23 04:05:30

Globo plc (GBO) has announced the signing of a Letter of Intent to acquire “a Bring-Your-Own-Device and Mobile Security software provider based in Europe”. This has currently helped the shares up to 35p, though they remain well down from above 60p in June and there continues to look good reason why…

Zak Mir's Great Request Show: Cannacord Genuity, Globo, Valirx

2015-09-21 02:00:49

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Cannacord Genuity (CF.), Globo (GBO), Valirx (VAL), setting share price targets for all three stocks.

Globo – look at the small print: I stay short

2015-09-16 01:11:10

Monday’s statement from Globo (GBO) was clearly designed to put the best possible gloss on the fact that its attempt, signalled in June, to raise $180 million in the junk bond market is foundering.

Globo plc – ShareProphets RNS translation service on “High Yield Bond Update”

2015-09-15 06:00:47

A 3:42pm Globo plc (GBO) announcement of a “High Yield Bond Update” seems like another job for the ShareProphets RNS translation service. Does the announcement alter my negative stance on the shares? Er… No (the RNS in normal font, my interpretation in bold)…

EBITDA is a bull market metric for fools and knaves – ref blinkx and Globo

2015-08-24 05:22:23

I leave it to Steve Moore to have the pleasure of plunging the knife into the dog blinkx (BLNX) after its profits warning HERE. It is a dog pure and simple and the shares, at 21p, are a stonking sell with a 12p target for starters. On the matter of blinkx we long term bears are again vindicated while the self-proclaimed expert on the stock, the disgraced ramper Roger Lawson of ShareSoc is one more shown up as a fool as well as a knave. But now to EBITDA.

Memo to Globo. Have you tried MAST Capital Management LLC?

2015-08-24 03:32:02

It is now over two months since Globo (GBO) - the international provider of Enterprise Mobility Management - announced its intention to raise up to $180 million in high yield bonds, despite apparently having no real need for the funds with net cash of €47 million.

Globo PLC What’s with the Junk Bond Issue? Something’s Wrong Here.

2015-07-28 05:40:06

You have eighty grand in the bank yielding less than one percent. You don’t really need the cash anytime soon but even so you go out and borrow forty grand at around 4%  When that loan falls due you go out looking to borrow more money at 10% to pay it back and have some more for a rainy day. 

Globo – This article begs some incredibly tough questions

2015-07-25 09:57:28

I am a long term and unapologetic bear of Globo (GBO) because the valuation just does not stack up. At 46p the market cap is £157 million. I cannot see free operating cashflow this year topping £10 million. I am not saying that this is a Norfolk just that the shares discount an awful lot of good news. They are overvalued. And… 

Globo tries to reassure, but concerns and red flags continue to abound

2015-07-07 06:57:05

In response to a rapidly falling share price, sorry “to the Situation in Greece”, Globo plc (GBO) has released an update…

Table of shorted AIM shares - 19/06/2015

2015-06-25 03:59:20

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

Globo plc – a further red flag ahoy?

2015-06-19 03:11:35

Having earlier this month announced that in the first quarter of 2015 its “net cash position increased to €41.2 million (31 December 2014: €40.4 million)”, Globo plc (GBO) has now announced that “it will be conducting a series of investor meetings in the US and UK commencing on 19 June 2015 in relation to a potential issue of senior secured high yield notes”. Hmmm…

Zak Mir's Bull Call Of The Day: Globo: Classic Setup Surprisingly Targets As High As 75p

2015-06-04 00:42:19

It came to my attention a while back that Globo (GBO) became a company which attracted questions in certain quarters. However, from a technical perspective it can be said that the setup up in recent months has been very much at odds with the ideas of the detractors.

Globo plc – it argues ‘strong start to 2015’, I argue cash flow & balance sheet concerns look to remain

2015-06-03 04:29:19

Globo plc (GBO) has announced “a strong start to 2015” – with Q1 revenue up by 36% to €23.7 million, EBITDA 33% to €13.4 million and reported net cash by, oh, only €0.8 million? (to €41.2 million)…

Globo (#GBO) - Q1 trading update

2015-06-02 23:19:57

Globo plc – 2014 results, cash flow & balance sheet concerns intensify

2015-05-01 01:32:08

Shares in “international provider of enterprise mobility management, mobile solutions and software as a service”, Globo plc (GBO) gained 9% yesterday to 52.5p on the back of a results announcement emphasising that for 2014 “we have produced a strong financial performance”. The following suggests otherwise…

Q1 2015 Performance Update: top 20 single net short positions in London

2015-04-15 02:55:18

From the weekly table published on this website, the following updates how the top 20 single net short positions in London have performed (green indicates the shares were not in the last weekly table of the quarter HERE, with the noted 'closing share price' then that of the publication date of the first weekly table in which the shares no longer appeared)...

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

2014-12-28 12:30:22

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. 

Table of changes in net short positions - week to 05/12/2014

2014-12-11 08:12:00

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

Globo plc – Q3 trading update confidence, but enough to allay concerns?

2014-11-20 05:05:50

Globo plc (GBO) has updated that it “continues to innovate and grow on all fronts” and that “we are confident that the successes of the first nine months of the year will continue through the remainder of 2014 and beyond”. With the shares, at 45.25p, down from more than 87p reached in October 2013 but currently up by 6.5% today to capitalise the company at £169 million, is it still wise to be short here?

Globo – do recent announcements disrupt the bear case?

2014-11-03 05:10:07

Having risen to 45p following an announcement a couple of weeks ago that the US National Institute of Standards & Technology had validated its cryptographic modules as per Federal Information Processing Standards (FIPS) 140-2 and that such encryption has been added to its solution suite, shares in Globo plc (GBO) have slipped back towards the pre-announcement price. Is this justified?

Globo plc - interims cash flow analysis, improvement still necessary?

2014-09-29 12:10:49

In an update on the 2013 annual results from Greece-originated mobile and telecom software and services business Globo plc (GBO) I noted that “the majority of the reported profit was tied up in working capital and investment. The issue here is that the table highlights that this is a consistent occurrence”. Has this changed in the today-announced results for the first half of 2014? Err…

Globo and Go!Enterprise Sales – why the Bulletin Board Morons are wrong again – and new target price set: 10p

2014-08-03 07:21:51

I flagged up HERE some days ago the fact that revenues from Globo’s (GBO) flagship Go!Enterprise product seemed not to be growing anymore. The Bulletin Board Morons responded with a claim that Matt simply did not understand that sales were second half weighted. No doubt this is company spin. It is also bollocks.

Globo plc – readers' questions answered my reservations not

2014-08-01 12:55:29

My review of the trading update earlier this week from Globo plc (GBO) elicited a couple of reader comments – particularly asking “what cash situation do you want from a company in the growth stage”? and “would you please comment on globo 2013 final accounts ageing of trade receivables”. Showing it to be incorrect that “whenever a question is asked it is ignored by the shareprophet writers”, the following reviews.

Globo Trading Statement – hang on fellows

2014-07-28 13:17:44

Shares in Globo (GBO) are 5% ahead on the back of what appears a bullish trading update. But hang on am I missing something here? 

Globo plc – cash flow & balance sheet concerns remain

2014-07-28 12:45:39

Shares in Globo plc (GBO) currently trade higher, at more than 50p, today on the back of an update reporting “a strong financial performance in the first half of 2014, ahead of market expectations” and that “we remain confident about our future prospects”. However, what about decisive cash generation?

Back to Globo and Matt Earl – are the accounts all Greek to you?

2014-07-21 13:49:31

Last week the Dark Destroyer Matt Earl produced what he termed a “devastating” analysis of accounting at Globo (GBO) – you can see it HERE. A Bulletin Board poster has at the bottom of that article served up what he termed a “devastating” response to the DD. Now Matt hits back. It is all Greek to me (TW) but Matt writes: 

Globo – Uh, Oh….

2014-07-16 20:41:04

It is no secret that I am not a fan of Globo (GBO) – perhaps I shall have to treck up from the Mani to Athens for another visit. I sense things are getting exciting. For the bears.

Globo – acquisition & trading update But SMTM

2014-07-07 16:44:59

Since I last commented on the company in May, Globo plc (GBO) has updated on trading and then most recently announced an acquisition – this of the services division of Sourcebits Inc., a developer of mobile applications and proprietary products for enterprise customers. But Show Me The Money! I mean where's the cashflow?

Globo Trading Statement – Meaningless Gibberish

2014-06-21 09:29:58

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.

Globo: FFS Speak Real English as you announce total non news – smell the panic

2014-06-09 07:26:49

I have noted before, in relation to Globo (GBO ) as it happens (HERE) how companies that are starting to panic about a dismal share price or about investors are asking pesky awkward questions about profits to cash conversion and other investment fundamentals react by issuing total non-news. Today’s effort from Globo (GBO) is a stormer in that respect. It is prize winning non news with a dose of unintelligible corporate bullshit thrown in. In fact it is such classic MBA style bullshit that I will run a competition on the back of it.

Stalked by a Bulletin Board Moron out on day release

2014-05-07 18:15:05

There was I sitting in Real Man in Clerkenwell tapping away happily on my PC when I became conscious that there was a man outside staring at me. He seemed rather agitated and was mouthing words at me one of which began with F and rhymed with ducking and the other one rhymed with blunt. Whatever..

Globo plc - balance sheet analysis, improvement needed (part II)

2014-05-02 15:55:54

In an earlier piece on Globo plc (GBO) – see HERE – I concluded that significant further improvement in net cash generation looks to be needed to justify a market capitalisation which is currently comfortably in excess of £200 million (€243 million). I added that a balance sheet analysis supported this view – and the following details this.

Globo plc - cash-flow analysis, improvement needed

2014-05-02 12:10:01

In its results for the 2013 calendar year, Globo plc (GBO) notes earnings per share of €0.074, up from a prior year €0.056, and that also “current year trading has started strongly”. Shares in this Greece-originated mobile and telecom software and services business responded positively but, even at a current 57.125p (currently €0.695), ostensibly look to represent growth value. However, what does an analysis of the key cash flow (see below) and balance sheet numbers suggest?

Globo – the TEN BIG Questions raised by the results

2014-04-30 10:14:28

Globo (GBO) has today served up calendar 2013 results that look as impressive as its luxurious new Athens offices that I visited and filmed yesterday. The numbers have wowed the City – the shares are up 14% at 53p. No doubt the analysts call this afternoon will be a love in with the management. But should any of the teenage scribblers actually want to ask a tough question or two here are 10 to get them started. Many thanks to Matt Earl, the dark destroyer, for this. 

Globo – Pre Results day stalking video and photos in Greece

2014-04-30 08:44:32

Globo (GBO) results out today look superficially good but read deeper into them and they beg far more questions than they answer. Just to give the City analysts a heads up on what questions to ask in the conference call later today I have now published a 10 BIG Questions “Red Flag” special HERE

Globo – See you chaps in Athens on 30th April for a Results Day Video Doorstep

2014-04-15 06:10:59

For the next two weeks I am on holiday in the remote Mani region of Greece, an area with a colourful history of blood feuds and murder. But on the 29th I drop the Mrs off at the Airport and head into Athens and the very next day we have results from Globo (GBO) whose headquarters are in the Greek capital. Oh what joy.

Globo – A Muted Reaction to Today's PR Bullshit says it all: investors are (rightly) shit scared

2014-03-31 07:59:20

In days gone by if AIM Cesspit posterboy Globo (GBO) issued a release saying that a Non Exec Director had farted three times in a day, the Bulletin Board Morons would have lapped it up and the shares would have jumped 15%. Times have changed and ahead of the results investors are (rightly) shit scared.

Weekly Financial Postcard #30: Minoan, EMED, Gulf Keystone & Globo Edition

2014-03-30 08:09:26

The weekly financial video postcard from Tom Winnifrith is longer than usual and wide ranging. Tom is preparing for UK Investor Show on Saturday April 5 and discusses some of what excites him so much about next week, notably the shareholder activism session. You can still grab one of the last 50 seats going by clicking HERE. Also on the agenda:

Blogging maestro Paul Scott adds to his Globo short – here’s why

2014-03-09 08:17:09

5 Star rated (by me) blogging supremo Paul Scott posted a comment at the foot of my most recent humble offering on Globo (GBO) which is frankly far better than the piece itself. In it he explains why he has added to his short in Globo. I think this merits a wider audience and so republish the comment as an article. 

Globo – shares tank – it says nothing amiss – Evil Knievil says “add to your short”

2014-03-07 16:08:42

Globo (GBO) has put out a statement saying that there is no reason for its shares to have tanked. The market is not impressed and the stock now trades at just 48p having lost almost one third of its value in two days. Worse may be to come. 

Globo – what the f**k is going on with its auditors?

2014-03-06 17:06:41

Greek software firm Globo (GBO) has today announced that it fired its auditors six weeks ago and has a new firm in place. For a firm whose accounts have come under some scrutiny (see HERE) that might raise a few eyebrows but when you look at the exact timeline you will be truly kebabbed. 

Globo: Buy - Support Above 200 Day Moving Average Implies Best Levels Can Be Retested

2014-01-28 15:48:05

There must be many fans of Globo (GBO) who wish that everything could return to the simple days before the October collapse in the stock. 

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

2014-01-27 17:59:32

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.

The Closet Chartist’s SIX AIM Stocks of the week: 5 & 6, Greenko & Globo

2014-01-21 12:30:14

As a bonus feature the Closet Chartist has served up his six most exciting AIM TA situations of the week. His third pairing are Greenko (GKO) and Globo (GBO). 

Globo CEO Buys shares but it Costis not a lot & means less

2013-11-12 10:46:22

To great fanfare it was announced that Globo (GBO) CEO and founder Costis Papadimitrakopoulos (crazy name, crazy sort of guy) has today bought 100,000 shares at 62.27p – this is a bravado buy and means not a lot. As I shall explain.

Paul Scott shorts Globo and 13 reasons why

2013-11-11 09:11:46

Paul Scott is very much an independent thinker – he is his own man. No doubt some Bulletin Board Morons reckon that anyone who is shorting Globo (GBO) is all part of some wicked plot involving the usual suspects: Cawkwell, Miers, Earl, Winnifrith, the late Saddam Hussein, etc. Au contraire, it is just that any sentient being knows this is going down.

Globo: 50p – 70p Gyrations Set To Continue

2013-11-08 14:12:35

It is interesting that even from the beginning of the recent “volatility” shares in Globo (GBO) gave the impression of being more of a Quindell Portfolio (QPP) or even an Iofina (IOF), rather than a genuine bear raider triumph situation.

Globo - I am happy to stay short

2013-11-08 06:39:03

Globo (GBO) sought to reassure investors’ nerves last week with an upbeat announcement showing revenues for the nine months to September up 58% from the comparable period last year to Euro 50 million. It revealed that it generated free cash flow of Euro 400,000 and said that this was set to grow as its Enterprise business grew, attracting faster paying customers. So why do I stay short?

Evil Knievil wins £30,000 from following a Diplomatic path and Shorts Globo again

2013-10-31 09:06:09

Bear raider Evil Knievil has revealed to shareprophets that he is enjoying a dual celebration this morning thanks to him following a diplomatic path and thanks to Globo (GBO). 

Globo – Matt Earl (The dark Destroyer) Weighs in again

2013-10-29 14:46:09

Globo (GBO) shares have rallied today as certain spivvy bears closed shorts but the king of forensic analysis Matt Earl (The dark Destroyer) has this afternoon served up a seminal piece which must surely cause extreme jitters in the bull camp.

Globo Initial Support Found, But Still A Sell Below 60p

2013-10-29 10:51:22

What is interesting about the recent share price slump of Globo (GBO) is the way that while the sell call on a technical basis was not a high conviction one, that the shares were headed to 50p has so far panned out almost exactly.

Globo: Evil Knievil closes short, Lucian Miers stays short

2013-10-29 09:33:53

What a spiv! Having called Globo (GBO) down to 10p after opening a short, we can reveal that once legendary bear raider Evil Knievil has closed his position at 52p. But not all bears are so faint hearted.

Globo – Matt Earl the dark destroyer weighs in as the company issues bizarre statement

2013-10-28 10:27:51

AIM listed Globo (GBO) is a stock that both Lucian Miers and Evil Knievil are shorting. I reckon that it is a slam dunk sell as does the Closet Chartist. But the dark destroyer is top analyst Matt Earl who has today published a seminal piece of forensic analysis. Anyone not selling after reading Matt’s article is mad. And an RNS out today is bizarre.

Evil Knievil – short of Globo at 70p – one year target below 10p

2013-10-25 11:14:04

Bear raider Evil Knievil is short of Globo (GBO) at 70p. Much of what he says cannot be printed in a family lawsuit avoid publication. However we can reveal...

Globo a sell at 70p – potential fall to below 50p

2013-10-25 10:59:44

It has not been a pleasant month to date as far as shares of Globo (GBO) are concerned. I see that on Shareprophets my fundamental colleagues have today all lined up to have a go: Lucian, Tom and Paul Scott are all bears. So am I.

Cash is fact, profit is a matter of opinion – ref Globo and Clear Leisure

2013-10-25 10:29:06

Two stocks but the same story. Reported profits can be whatever you want them to be. Forget trading it is all down to how your accountant presents the numbers. Profits are a matter of opinion. Cash is a matter of fact. I start with Globo (GBO) which everyone seems to be bashing today.

Sell Globo: It Makes Avanti look blue chip

2013-10-25 08:03:43

A wonderful spat has been developing on various bulletin  boards in the last few days between bulls and bears of Globo (GBO) the fast growing telecommunications software group which is capitalised at £234 million and tapped the market last week for £25 million at 71p per share. I have gone short.

Buy Globo: Initial 2013 Momentum Maintained

2013-04-18 01:37:43

It is perhaps rather unfortunate that after more than a decade exposed to the language, my knowledge of Spanish is basic to say the least. However, I do know that Globo (GBO) means balloon, and that as far as the technicals of the international mobile solutions and software are concerned the stock is set to float higher for the AIM 100 listed technology play.

Globo Trading Statement - Speculative Buy

2013-01-25 06:52:31

AIM-listed provider of mobile, Software-as-a-Service and telecom software products and services Globo Plc (GBO) has today announced that it “has achieved a financial performance for 2012 ahead of market expectations” and that, having completed a “transformation into a truly international technology vendor in the hottest place in the technology market today”, it aims to continue doing so. With, on the back of the trading update, the shares currently more than 6% higher at 29.5p, capitalising the company at £100 million is it too late to get on board?




About ShareProphets

Contact Us

Advertise With Us

Send Us A Tip

Donate


Terms of Service

Privacy Policy

Cookie Policy


Forgot My Password

Forgot My Username

Resend Account Validation Token

Site by Everywhen