Share Name Share Symbol Market Type Share ISIN Share Description
Globo LSE:GBO London Ordinary Share GB00B282VW04 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 28.25p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 82.6 27.7 7.3 3.6 96.00

Globo (GBO) Latest News

Real-Time news about Globo (London Stock Exchange): 0 recent articles
More Globo News
Globo Takeover Rumours

Globo (GBO) Share Charts

1 Year Globo Chart

1 Year Globo Chart

1 Month Globo Chart

1 Month Globo Chart

Intraday Globo Chart

Intraday Globo Chart

Globo (GBO) Discussions and Chat

Globo Forums and Chat

Date Time Title Posts
06/9/201613:53Class Action258.00
06/9/201613:52EC #3: GLOBO - GROWTH, AT WHAT PRICE?25,487.00
25/1/201615:15GLOBO New Thread new Year (one for the bulls)7,788.00
10/12/201510:06GBO con - Can losses be recovered from Bull-thread ramper ?5.00
08/11/201513:26GBO SHORT194.00

Add a New Thread

Globo (GBO) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Globo trades in real-time

Globo (GBO) Top Chat Posts

DateSubject
24/10/2015
18:36
jdb2005: Thanks Proper Charlie & Mount Teide for your contributions after the QCM fallacious report surfaced & GBO suspended their shares Friday morning. It will have been an eye-opener for the critics & I hope your contributions have been emailed to GLOBO PLC. Their response should cause Shorters real problems in the days ahead. The idea of a EGM to agree Share-Buyback Scheme would work & would with support from Institutions soon lead to GBO share price doubling from its low point last Thursday. Shorters cannot have realised that the tables could be quickly turned on them this way. Many companies listed on the UK stock market have share-back schemes so it works very effectively. Biggest companies I know with these schemes are RIO, GLEN, AZN & GSK. Lets see how this matter gets resolved once & for all. Then GBO can get on with its successful business & achieve greater market pentration in Europe & USA. Eventually I would like to see GBO listed on Nasdaq where its peers are now.
22/10/2015
18:36
hpcg: eacn - real companies are not damaged by their share price. Share price has no effect on operations. Share prices move up and down for many reasons, most often just sentiment. I find the FT, including Alphaville cogent and informative and infinitely superior to bulletin boards. You are dismissing them because on this subject you disagree - is that a sensible basis when a share price is significantly a function of opinion?
14/10/2015
11:45
eacn: aimingupward2, your point regarding recent share price movements deserves a response. Regarding disclosure: Under the Disclosure and Transparency Rules ("DTR"), shareholders are required to disclose holdings that permit them, directly or indirectly, to exercise 3% or more of the voting rights, where for the purposes of the DTR 'holdings' are deemed to include financial instruments entitling the holder to voting rights or that give holders the contractual right to acquire such voting rights (for example using derivatives). Any change in a disclosed holding, which results in the total holding passing through a 1% boundary must also be declared, until such time as the holding falls below 3%. There are certain exceptions. Managers of: lawfully managed investments; assets of a collective undertaking; and, open-ended investment companies, need only declare holdings when they exceed 5%. Holdings that form part of a trading book also benefit from the 5% exemption. A disclosure notice should be issued within two days of a notifiable event, that is the crossing of a disclosure boundary. However, where a fund is executing a trade through a trading book, and the trade represents less than 5% of the shares in issue, the trade need not be disclosed until it exceeds the 5% threshold or is complete, with title having passing to the fund. Forum’s last declared position was just over 3% (11.2 million shares) and has now risen to 6.3% (23.5 million shares). The lack of DTR notices, despite having crossed several 1% boundaries strongly suggests that Forum have been accumulating using the trading book exemption. While trading book exemptions can exceptionally be used over extended periods, they are more normally used for trades over a matter of days or weeks. This suggests that the position has been built since the Interims. Regarding the lack of movement in the share price: I generally refrain from commenting on short term share price movements. However, given that my recent proposal to change the articles to prevent stock lending relies in part upon the share price responding to the closure of the short position, it is reasonable to ask why I believe the recent price action to be consistent with my claims. If Forum have been accumulating for some time, and have avoided disclosure using the trading position exemption, then it is possible that they are indeed responsible for some, or indeed much, of the increase in the share price since the low of 25.5p on 15.09.2015. If this is the case then their 12.3 million share purchase has contributed to a rise of 16.5p during a period when Ennismore increased its short position by 7.4 million shares and the overall market short position has probably increased by at least 10 million shares. If total buying over the period was say 30 million shares, including the Forum purchases, then deducting the increase in the short position, net buying was 20 million shares and a linear extrapolation would suggest that to close the 50 million share short position would lead to a further rise of around 41p from 42p to 83p. The assumption of a linear response is, however, a dubious one since it implies that sellers will emerge at an even rate as the share price rises. Disclosures over recent months suggest that there has been an overhang of stock in the market for some time. Both Royal London and Inflection Point Investments have been reducing their positions for a while now and no longer have disclosable holdings, having fallen below the 3% threshold. Standard Life have also reduced their holdings to below 6%. It is entirely plausible that purchases since 15.09.2015 have cleared the better part of this overhang. If this is the case the share price response to further purchases should be more pronounced.
24/9/2015
09:32
eacn: Ennismore's reported short position has increased to 5.43% as at 21.09.2015 up from 4.76% on 18.09.2015. The previous position was 4.36% on 06.07.2015. Thus the increase over the last week was 1.07% or around 4M shares. I would not be surprised to see the average shares on loan in September rise to over 50M or around 14% of all stock in Crest, up from 12.5% in August. That represents around 17% of the free float. This artificial 17% increase in the free float has reduced the share price by around 65% since its peak in October 2013 when the shorting campaign began. It seems reasonable to assume from Ennismore's decision to add to their short position in recent days that they intend to drive the price lower still or keep it capped pending some future event that will drive the share price lower. There are no signs that they intend to unwind their position in the foreseeable future. If the bond issue proceeds the company will not need to raise capital in the market for some time, quite possibly two or more years, provided that they can generate sufficient cash-flow to service the debt. The board may therefore take the view that the share price can be left to fend for itself. The risk of taking that view is if the debt cannot be serviced, or indeed refinanced as and when the first capital repayment is due, or if continued share price underperformance prevents them from raising funds at fair value in future. That said I would expect the company to be seeking a NASDAQ listing within these timeframes, which could enliven the share price no end without the need for intervention. If the debt issue does not proceed then Globo will need to cut its cloth accordingly and should potentially consider buy backs if it is unable or unwilling to alter its articles to prevent stock lending.
23/9/2015
14:16
eacn: REPEAT POST FOR EASE OF REFERENCE The following table is derived from Euroclear and Short Interest Tracker data. It shows the average stock on loan for a given month, the average stock in Crest (i.e. stock not in certified form), the percentage on loan, the percentage of stock in declared short positions and the percentage of stock in undisclosed loan positions. Month Avg on Loan Avg in Crest % on Loan Declared Other Sep-13 985,007 329,262,454 0.30% 0.00% 0.30% Dec-13 14,697,090 363,053,344 4.05% 2.54% 1.51% Mar-14 18,020,608 363,275,433 4.96% 2.53% 2.43% Jun-14 17,038,384 363,436,646 4.69% 2.20% 2.49% Sep-14 23,360,329 363,515,336 6.43% 3.15% 3.28% Dec-14 20,573,775 363,519,574 5.66% 3.53% 2.13% Jan-15 22,525,357 363,511,630 6.20% 3.81% 2.39% Feb-15 25,313,743 363,509,105 6.96% 4.42% 2.54% Mar-15 25,893,094 363,513,403 7.12% 4.58% 2.54% Apr-15 25,572,087 363,554,338 7.03% 4.46% 2.57% May-15 25,342,782 363,565,145 6.97% 4.52% 2.45% Jun-15 28,507,789 363,691,013 7.84% 5.83% 2.01% Jul-15 41,369,821 363,694,982 11.37% 5.80% 5.57% Aug-15 45,778,437 363,676,973 12.59% 5.39% 7.20% While some stock lending occurs to allow market makers to maintain liquidity and to assist settlement, over the course of the month the average total percentage lent for these purposes will generally be small. This is evident from the Sep-13 figure of 0.3%, which pre-dates Ennismore's first declared open short position in Oct-13. Generally declared open short positions have been broadly matched by undeclared short positions. However, between Dec-14 and Jun-15, declared short positions were significantly ahead of undeclared shorts. Total stock lending now stands at a staggering 45.8M shares or 12.59% of all stock in Crest, suggesting that the bulk of institutional positions are being lent out. There are two classic tactics that can be used against shorters: declare a dividend; or, corner the market in stock creating a short squeeze. Declaring a dividend means that the shorters will either have to pay a dividend to the lenders if they maintain their short past the ex-dividend date or close their short. If the dividend is sufficiently substantial the requirement to pay the lender a dividend can wipe out the profits on the short. Cornering the market in stock can be achieved by aggressive buybacks or the accumulation of derivative positions that give the owner the right to purchase shares at an agreed price at some time in the future. Porsche's attempted take-over of VW was a classic example of the tactic. There is, however, a third potential way to stop shorting, and that is through the memorandum and articles. If these are changed so as to prevent holders of stock from lending that stock to the market, other than to market makers for short term liquidity purposes or to assist in settlement, then the supply of stock for shorting dries up. The key players here are the institutional holders, who account for the bulk of lending. It is worth noting that institutions cannot vote stock that has been lent and sold short at a general meeting, so if institutions want to block an EGM motion to change the articles to prevent stock lending, they have to claim back their lent stock, creating a short squeeze. Institutions are likely to vote against a change in the articles that would prevent them from stock lending, since they derive significant income from the practice. They argue that while the income they receive from lending does not directly benefit their investors, it allows them to keep a cap on charges, which is of benefit to investors in their funds. However, in the case of GBO that indirect benefit is immaterial when one considers that stock lending to shorters has halved the GBO share price. Investors in funds who acquired stock in the 2013 placing, have taken a major hit from the fund managers subsequently lending that stock to the likes of Ennismore. There is a clear conflict of interest here and the FCA should put a stop to long term stock lending by investment funds. However, knowing that that is unlikely to happen in the foreseeable future, all GBO shareholders can do is to call the institutions to account by seeking to change the articles to prevent stock lending. Now, under AIM rules a company's articles must allow unrestricted selling of stock. However, it is possible to distinguish selling from stock lending with careful drafting. I have suggested as much to the company. Were a motion to prevent stock lending to be voted upon at an EGM it could trigger a short squeeze if institutions required their stock back to vote against the motion. Even the possibility of such action could trigger a short squeeze. I have nothing against shorting as a means to price discovery over the short term. But GBO's case is entirely different: short positions have been growing for two years now, and as a result the company has been prevented from raising capital in the market at fair value, stifling its growth plans. If companies like GBO, with impeccable growth and free cash-flow generation can't raise money on AIM then there is clearly something very wrong with AIM, whose whole raison d'être is to allow companies such as GBO to access capital. While I appreciate that a change in the articles to prevent stock lending may deter some institutions from investing in GBO, I note that these very same institutions have been the lenders who have allowed the current shorting campaign. If they withdrawn their investments, so be it. I would like to gauge the appetite amongst private investors for an EGM motion to change the articles to prevent stock lending for shorting. If you are interested in this idea you can email me on globoegm@gmail.com - a contact name and an indication of the size of your position would be helpful. If institutions hold 25% of the stock but have lent half of that then they can vote 12.5% of the stock without recalling the loans. The free float is 81%, with the rest effectively held by Costis. So if institutions hold 25%, with 12.5% lent, then PIs and/or smaller institutions hold 68.5%. That latter figure has to fall to 56% if institutions recall their stock. In a typical EGM fewer than 50% of the votes are cast. Let's say that 50% do get cast, there is no recall of stock on loan, the institutions refrain from voting their other shares and Costis votes in favour of a motion preventing stock lending. Then to get a motion passed you would need 37.5% of the stock to vote in favour, with Costis providing 19% and PIs / smaller institutions (e.g. Forum) providing 18.5%, that is 27% of the total potential PI vote. This is entirely possible. If institutions did vote their available stock agains the motion, without recalling lent stock, then you would need 3PIs / smaller institutions to vote 31% of the stock in favour or 45% of the potential PI vote. This would be harder to achieve, but not beyond the realms of possibility. If institutions recalled lent stock and voted all their holdings against the motion, then the vote would be lost unless every PI voted in favour, which is unrealistic. However, it is very likely to cause a short squeeze. Institutions will only recall lent stock if they think there is a possibility that the motion could succeed. If Costis puts his weight behind the motion then there is sufficient chance of success to encourage institutions to effect a recall. I have worked shareholder lists before, having owned a private company that succeeded in taking over a publicly quoted company against the wishes of its board. If there is sufficient support for this idea it is possible to buy the shareholder list and with the co-operation of the company issue notices requiring nominees to divulge the beneficial owners of the nominee's holdings. You then work your way through the list canvassing support. 45% support amongst PIs is not out of the question. You need 10% of the available votes to call an EGM
23/9/2015
10:26
eacn: There is, however, a third potential way to stop shorting, and that is through the memorandum and articles. If these are changed so as to prevent holders of stock from lending that stock to the market, other than to market makers for short term liquidity purposes or to assist in settlement, then the supply of stock for shorting dries up. The key players here are the institutional holders, who account for the bulk of lending. It is worth noting that institutions cannot vote stock that has been lent and sold short at a general meeting, so if institutions want to block an EGM motion to change the articles to prevent stock lending, they have to claim back their lent stock, creating a short squeeze. Institutions are likely to vote against a change in the articles that would prevent them from stock lending, since they derive significant income from the practice. They argue that while the income they receive from lending does not directly benefit their investors, it allows them to keep a cap on charges, which is of benefit to investors in their funds. However, in the case of GBO that indirect benefit is immaterial when one considers that stock lending to shorters has halved the GBO share price. Investors in funds who acquired stock in the 2013 placing, have taken a major hit from the fund managers subsequently lending that stock to the likes of Ennismore. There is a clear conflict of interest here and the FCA should put a stop to long term stock lending by investment funds. However, knowing that that is unlikely to happen in the foreseeable future, all GBO shareholders can do is to call the institutions to account by seeking to change the articles to prevent stock lending.
19/9/2015
13:50
aileron: Are These 3 AIM Stocks Set To Soar? Boohoo.Com PLC, Monitise Plc And Globo PlcBy Peter Stephens | Fool.co.uk – 4 hours ago ShareTweetPrintCompanies:boohoo.com plcGlobo PlcMonitise plcRELATED QUOTESSymbol Price ChangeBOO.L 32.96 -0.29GBO.L 33.85 +2.85MONI.L 2.79 -0.12License: CC0 Public DomainSince listing in March 2014, online fashion retailer Boohoo.Com (LSE: BOO) has been a huge disappointment. Its shares have posted a fall of 56% since then and, while they have risen by 14% in the last month, they are still some way off their IPO price.This, though, should be viewed as an opportunity to buy a slice of a great business, rather than view Boohoo.Com as a failure. Certainly, investor sentiment may be weak, but Boohoo.Com's financial performance is expected to be very impressive in future.For example, it is forecast to post a rise in earnings of 42% in the current year, followed by a further increase of 25% next year. Such strong growth numbers have the potential to positively catalyse the market's view of the company, which is performing well and has the scope to continue expanding outside of the UK. And, with its shares trading on a price to earnings (P/E) ratio of 31.3, Boohoo.Com has a price to earnings growth (PEG) ratio of just 1, which indicates that its shares could continue to close the gap to their IPO price over the medium term.Similarly, mobile apps specialist Globo (LSE: GBO) also has huge potential. It focuses on creating efficiencies for companies using mobile devices and, in the last five years, has increased profit at an annualised rate of 36%. Furthermore, Globo has increased its bottom line in each one of those years, indicating that it is a very consistent performer.Looking ahead, Globo is forecast to continue its strong performance by posting a rise in net profit of 21% in the current year, followed by further growth of 17% next year. And, with its share price having fallen by 20% since the turn of the year, Globo has a PEG ratio of only 0.2. This indicates that it has a very wide margin of safety, thereby moving the risk/reward ratio further in the investor's favour.In addition, with Globo having only a modest amount of debt on its balance sheet (its debt to equity ratio stands at just 24%), it seems to be sensibly financed and all set to post stunning share price gains over the long term.Meanwhile, mobile payments solutions specialist Monitise (LSE: MONI) continues to struggle. Its recent results were disappointing, with revenue falling and the company reducing its guidance for the next financial year. Furthermore, the company's CEO announced her decision to leave for personal reasons and, as a result, things seem to be going from bad to worse for the business. And, with its share price falling from 80p at the start of 2014 to less than 3p, investors seem to have lost patience with the company.That's disappointing, since Monitise undoubtedly has a great product and has been able to sign-up major blue-chip clients. Furthermore, the mobile payments business has huge growth potential. The problem, though, is a lack of profitability and, until Monitise can turn its bottom line into a black one, it seems prudent for investors to watch, rather than buy, a slice of the business.Of course, there are a number of other small-cap stocks that could be worth buying right now and, with that in mind, the analysts at The Motley Fool have written a free and without obligation guide called 1 Top Small-Cap Stock From The Motley Fool.The company in question may have flown under your investment radar until now, but could help you to build a great income from your investments and retire early, pay off the mortgage, or simply enjoy a more abundant lifestyle.Click here to find out all about it - it's completely free and comes without any obligation.Peter Stephens has no position in any shares mentioned. The Motley Fool UK owns shares of Monitise. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
11/9/2015
08:17
jdb2005: Shorters try to walk the share price down each day & buy back in late afternoon, so all we need is concerted effort to thwart their moves & GBO share price will respond. Amazed that institutions, who 18/20 mths ago bought at 71p, are not realizing they could squeeze out the shorters by averaging down & then take advantage of GBO's higher trading performance to at least in short time double their profits.
27/8/2015
16:46
propercharlie: a bit nerdish but here we go: within 6 minutes between trades 78 and 96: 140k shares were sold and the share price dropped 5% in next 2 hours 500k shares purchase the share price went up by 5% with the buy prices evenly increasing to close price of 38. If one needed proof one would need to find out who is behind the trades but my money is that the same group is behind both share price movements. Isn't that illegal, layering or something? Oh and I remeber going back some 12 months or so, we had a similar 100k trades in a similar time frame and the share price dropped 8-10% and it took a couple of months or mmore for it to recover.
19/8/2015
08:11
obiterdicta: If you look at the wider market and individual shares in it - most have not performed well since May/June time - many are down and the index has tracked down from around 7000 to 6500. This may be the traditional sell in May and buy back in September fall or it might be the start of a bear market. In that time frame we have had fears about Grexit, Chinese stock exchange fall, oil down to $40, Chinese devaluation, interest rate rise fears in UK and US, deflation fears etc. The macro picture is one of uncertainty and tension. In that time frame we have also had trading updates from GBO and they seem to be positive. The lack of news on the bond is a drag on the price as are the institutional sales and the increased short by Ennismore and then MLK. The micro picture for GBO has seen institution selling rather than buying, that micro picture mixed with the macro picture gives volatility. If the macro picture picks up in September and the bond issue becomes clearer I would expect a rebound. However I am also not discounting the possibility of a steep stock market fall in the Autumn in both US and UK which would drag GBO's share price down with it. The current price looks very reasonable on fundamentals but may very well get even more reasonable in a month or two if we have a stock market fall in Autumn. The best investors are patient - they will sit tight and hold, find something else to do for the next 6-12 months rather than fret about the GBO share price.Ignoring market noise may be the most sensible and rewarding strategy. I have now re-invested (having panic sold in early August 80% of my holding on fears on bank accounts) having satisfied myself as far as I can that the fall in GBO price was temporary rather than based on fundamentals. OD
Globo share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20161211 02:18:14