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GETM Getmobile

142.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getmobile LSE:GETM London Ordinary Share GB00B2QTYX55 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 142.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 142.50 GBX

Getmobile Europe (GETM) Latest News

Real-Time news about Getmobile (London Stock Exchange): 0 recent articles

Getmobile Europe (GETM) Discussions and Chat

Getmobile Europe Forums and Chat

Date Time Title Posts
29/6/200912:11GETMOBILE265

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Getmobile Europe (GETM) Most Recent Trades

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Getmobile Europe (GETM) Top Chat Posts

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Posted at 28/6/2009 13:32 by michaelmouse
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.
Posted at 05/6/2009 09:35 by hugepants
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?
Posted at 13/5/2009 19:25 by hugepants
GETM discussion at the Motley Fool
Posted at 06/5/2009 10:34 by hugepants
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
Posted at 29/2/2008 09:59 by tole
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."
Posted at 28/2/2008 12:48 by tole
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.
Posted at 06/12/2007 13:47 by tole
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.
Posted at 14/10/2007 22:20 by nil pd
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?
Posted at 25/4/2006 17:13 by tole
getmobile europe (Add, Closing Price EUR0.33)
Over the worst?
Analyst: Philip O'Sullivan

This morning we are releasing a detailed report on getmobile europe plc. The company's share price has significantly underperformed its peer group since its IPO, with the main reason for this being the downbeat trading statement last October. However, since then a strong Q4 and management guidance on sales and profit growth in 2006 lead us to believe that the company may be over the worst. The main factors behind our view are: (i) the company's cost structure means that a small increase in market share will lead to a large profit hike; (ii) the competitive environment in the German mobile phone market is supportive for getmobile; and (iii) acquisition possibilities. One short-term catalyst for the share price is the company's AGM on May 16, and the market will be looking to see if the Q4 performance continued into the New Year. In the absence of guidance on this, we are sticking with an Add recommendation for now, but are moving our price target to 37c from the previous 45c. While this implies getmobile would remain at a discount to its peer group on both a PE and EV/EBITDA basis (68% and 65% to the peer group median, respectively), we feel that it reflects the execution risk that still surrounds the company, and getmobile needs to demonstrate it can consistently deliver, thereby showing that last year's profit warning was indeed a one-off event.

Goodbody Stockbrokers
Posted at 08/1/2006 20:37 by glasshalfull
Thanks for the BB scotswhaehae.

Glad to see you in these also, seeing as you have good taste (holdings in FWY,WHI and SEA if I'm not mistaken).

Don't know if you saw my post in paulypilots pub (posted a link on the FWY thread) but will reproduce here if you don't mind.
Maybe give lurkers/potential investors an idea of the company and its prospects.


----------------------------------------------------------------------------


3/1/06

Ever wonder what happened to Pierce Casey?

After Pierce left Fayrewood in April 2005, he appears to have partly utilised the proceeds from his Fayrewood stake on his Fitzwilliam Capital investment vehicle which completed a reverse takeover of a German company named "Getmobile" in July 2005. Getmobile sells mobile phones and additional services to the German market with plans to expand the model across Europe. Does the plan sound familiar?

This is a profitable business which claimed to have a low level of fixed costs, strong cash flow and low level capex and had captured 1.3% of the German post-paid mobile phone contract sales in 2004.

The takeover involved a placing at 59.75p which rose £40.5M (net) and provided a market cap of £56.3M at the placing price with the company debt free.
Getmobile had grown revenues from Euro 16.2M in 2003 to Euro 51.1M in 2004 with EBIT growing from Euro 0.1M to Euro 4.0M respectively. For more details, here's the link.





The market seemed duly impressed and marked the share price up to the heady heights of 80p. Pierce succeeded in retaining the majority of the existing Getmobile Executive Team with another familiar name in David Kleeman - the newly appointed Fayrewood Chairman at the time - filling a non exec role in the renamed Getmobile Europe PLC.


Since this time it has been all down hill for the share price.

The main reason was a profit warning on 18th October 2005



Where the company said of the German market that "conditions appear to have been temporarily adversely affected by the impact on consumer spending of higher oil prices and the uncertainty over the direction of economic policy arising from the outcome of the recent election."

and

"There has also been some disruption of the post paid market arising from the recent entry of a number of MVNOs (Mobile Virtual Network Operators), and while these players concentrate on the prepaid phone sector of the market, (Getmobile only supplies post paid contract phones) their arrival has created some consumer confusion."

They said that the factors were "likely to be short lived" and would impact on sales for the period from acquisition to 31 December but that the company "remains highly profitable and cash generative".


A profits warning 2 months after institutions had subscribed to £40M worth of shares went down like a proverbial lead balloon and they subsequently reached a low of 23.5p on the 6th December 2005, when the story gets interesting.

You see, the company released a further trading update on this date



that said:

"The expected seasonal increase in sales volume has materialised across all sales surfaces....Getmobile's management have concentrated on generating sales volumes,
maintaining or enhancing margins."

More importantly they indicated that the full year results were too close to call (well my interpretation to the following extract):

"Given the importance of the final quarter's results it remains too early to comment on the likely outcome for the Company's subsidiary Getmobile AG for the year to 31 December 2005. However, the Board reiterates its confidence in the profitable, robust and scaleable nature of its business model. The Board anticipates issuing a trading update by 31 January 2006"

And here's the crux.

Since this date David Kleeman bought 50,000 shares on the 7th December 2005 and this was followed up by the other 7 Directors purchasing 812,000 shares between them on the 19th December 2005 (of which Pierce Casey bought 500,000).
At the bottom of the announcement it is also advised that a member of the supervisory board bought 200,000 shares.





Now before one gets carried away the purchases totaling approx £300k should be brought into the context of the current market cap which at 28p is £26.39M, still a whopping 50%+ below the placing price.
Nevertheless Directors hold approx 22% of the equity and the volume of buying prior to the year end of 31st December is the clearest indication for the market that the outcome has been successful, prior to the trading update they promise before 31st January 2006.


Is this the time to follow the Directors lead and buy? As I admired Pierce Casey and David Kleeman and their enviable track record at Fayrewood (I was in between 30p-40p) I decided to trust my instincts and bought a few last week while the market was quiet.

The spread was 25p-31p with 2 MM's and NMS 5,000.

The business is profitable and they speak of improving margins.
They have also intimated that they are moving the business model into The Netherlands and France.

No pros and cons with this one as per my usual long winded posts as there is insufficient details other than the placing/acquisition document which I've posted a link to above.

So if you fancy a punt, or simply wish to be reacquainted with Pierce Casey....

A Happy and Prosperous New Year to all.
Please DYOR


Regards
GHF
Getmobile Europe share price data is direct from the London Stock Exchange

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