Getmobile Europe Share Discussion Threads

[michaelmouse] 29/6/2009 12:11

Getting interesting.

Michael.

[michaelmouse] 28/6/2009 13:32

Naughty naughty sneaking out a TU on Friday afternoon. Needless to say wasn't great news.

Nevertheless worth putting on the monitor at the very least after Friday's 13% fall in the share price

Despite continued deteriorating trading in the mobile phone business, GETM will have net cash in excess of 10m euros at 30 June (9m euros at year end) and no debt. The company is currently valued at just over 12m euros.

Interestingly, the mobile phone business produced EBITDA OF 3.87m euros in 2008 and is up for sale. If they were able to sell the mobile phone business for say 3/4 times EBITDA then potentially GETM would be valued significantly below the cash on its balance sheet.

Two of its start up businesses appear to be performing well.

Cheers.
Michael.

[hugepants] 05/6/2009 09:35

A bit of life here at last. Most stocks have bounced significantly off their lows the last few months so the ones that have left behind may attract some interest now. Other stocks that have market cap covered by cash and are profitable that I hold are:

Taihua (TAIH). Price 7.25p. Cash = 9p. Net working capital 13p. Will post earnings of approx 1.5p this month. Has very low fixed costs.

StockCube (SKC). Price 16p. Net cash = 23p. Normalied earnings of 1.9p last year.

Total Systems (TTS). Share price 29.5p. Cash 30p. Will post earnings of 3p-4p next month. Also has a valuable London freehold on its books.


Any others?

[hugepants] 13/5/2009 19:25

GETM discussion at the Motley Fool

[hugepants] 06/5/2009 10:34

Looks very cheap.

Share price = 91p

At current Euro/GBP exchange rates

Cash = 85p
Net working capital = 98p
Earnings = 23p per share
Dividend = 5.5p (payable on 2 July 2009 to shareholders on the register on 5 June 2009)


Current trading and outlook


Following a very buoyant 2008 for mobile phone contract sales and margin, indications for 2009 to date show that the impact of the recession and credit crunch has produced some margin pressure, due we believe to discounting, along with an increased level of credit failures by those seeking contracts as our mobile phone operator partners apply tighter credit criteria.


Accordingly, while we anticipate a rebound later in the year, it is likely that in the short term trading will continue to follow the less buoyant trend experienced so far in 2009. The Company is however profitable, cash generative, and has substantial cash balances and no debt. Moreover, from 2010 onwards, we anticipate the start of a meaningful contribution from our emerging e-commerce businesses

[tole] 03/4/2008 13:37

Nice move up these last few days - results next Tues.

[seanmiller] 03/4/2008 13:36

Had an investment on this one for build up to results. Good director buying going on here, and they generally know first lol!!!

[tole] 29/2/2008 15:54

Not easy to get stock - Noticed MM's quoting a penny premium online if you want to buy. Quoted 13.75p.

[bennie buffett] 29/2/2008 15:19

me likey a lot.

more please.

[tole] 29/2/2008 13:05

Just me here today? 70k just gone through at a .25p premium (12.5p)

[tole] 29/2/2008 09:59

Something afoot?

Good summary from mid-last year over on TMF - not read any broker updates from Davy for a while so interesting to read up on their views if I can dig out their full recent note.

Anyone heard anymore on the possibility of a paid-for research note to be released - read some comments on TMF that this could be the case?



Any thoughts on this being a takeout target? Could be a good addition - Anyway good to see the directors loading up again here - that recent wedge the other week for +3m was also on top of 850k in Dec.

"The Company has been notified that on 13 December 2007 the following directors
and a company jointly owned by two directors purchased, in aggregate, 850,000
ordinary shares in the Company at a price of 14 cents each."

[tole] 29/2/2008 08:58

Hmmm - looks perky today - having to pay a premium for any volume.
L2 now 3v1 10.75-11.25

[tole] 28/2/2008 12:48

Yep - missed those large director buys a few weeks back too

Nice +3m purchase just before the closed period with results pencilled in for 8th April.

DIRECTORS' DEALINGS

The Company has been notified that on 7 February 2008 the following directors, a
director's spouse and a company jointly owned by two directors purchased, in
aggregate, 3,075,000 ordinary shares in the Company at a price of 13 cents each.

[jonno1] 28/2/2008 12:32

ello, was that a twitch?

[tole] 06/12/2007 13:47

getmobile (Add, Closing Price €0.17)
Seed investment to expand the business model
Analyst: Dan Cavanagh

getmobile has announced that it has made a small investment (€439,000) in a start-up joint venture, which is an online comparison website for German consumers, covering a wide range of household contracted services. Similar to getmobile's current business model of offering mobile phone contracts, the new venture extend the product offered to include such items as domestic utilities (electricity, gas), fixed telephony services, subscription based TV and personal banking services. Whilst the impact from this venture will be minimal in the short term, we view this development as positive, due to:

it will reduce getmobile's reliance on the German mobile phone market, which while currently buoyant due to the introduction of new handset technology (such as the Apple iPhone), has been subject to volatility, as handset technologies change over time; and,
the ability to utilise existing online infrastructure (such as payment and customer recognition services) across a wider customer base, at little additional cost.

[tole] 06/12/2007 13:44

getmobile has announced a start-up joint venture with Complex GmbH & Co.KG.
The company will invest €439,000 for a 65% equity stake in the new company,
Premingo, which will develop a new internet platform to be called Premingo. This
site will sell contract-based services such as insurance, utilities (electricity, gas) mobile/fixed line telephony, pay TV and banking services such as credit cards.

This is good news for getmobile as it broadens the scope of its product offering and builds on its core competency - the commission-based, incentivised selling of contract-based products and services direct to consumers. A beta version of the site is expected to go live within the next two months. JV partner Complex previously developed KK Media's internet platform. KK Media was the internet channel mobile phone sales company acquired by getmobile in 2006. As part of the deal, Premingo will have access to getmobile's advertising network. There are no financial projections given, other than it is expected to be loss making in the "initial stages"

In terms of current trading, management confirmed that trading to September was
in line with expectations. It also confirmed that the "seasonally strong pre-
Christmas trading period has started to materialize". Full-year results are expected to be in line with expectations. We are forecasting €2.6m EBITDA and 2.3c adjusted EPS for the year.

[bennie buffett] 06/12/2007 12:14

This is what I have been waiting to see - using their platform to sell other products. Be too early to see but this is the real blue sky with this company.

[nil pd] 14/10/2007 22:20

I found my way here via the 'Stocks on Low P/Es' thread. The question I must ask before I go any further is "Why is GETM on such a low PE?". All looks well .... so why not a higher rating?

[premiermark] 08/10/2007 19:16

Is this one ever going to take off? Holding for a year now.
No trades on IEX since interim results. Depressing.
Anyone think things might improve in the near future????

[wiganer] 01/10/2007 12:54

Aye. Looks nailed on to get back to 13p.

[jonno1] 01/10/2007 10:06

bit more of a rise this morning

[hugepants] 27/9/2007 19:24

Bought a few today. Anyone have a note of forecasts for this year?
If H2 is same as H1 then thats 1.8p for the full year. But H2 is supposed to be stronger according to the results today. No tax on profits but there are around £8M of tax losses available to offset against profits according to the accounts so there could be several years of very low taxation.

[wiganer] 27/9/2007 08:41

Back in for a few at 10.5p.

[scotswhaehae] 27/9/2007 08:20

You beat me to it...

Not surprising this has been left alone and drifted in the stockmarket turmoil perhaps but this is a gem of a recovery story imo and that's been my view for ages...

Even in these markets it should prosper and if ever confidence returns then an 8 per for next year would be 18-20p imo...ie near doubler relatively short term.

Good luck all!