Getmobile Europe Share Discussion Threads

[tole] 02/8/2006 15:49

Noticed a small piece regarding the competitive German market.
Out of ineterst also a reduce rec by house broker.

[hugepants] 02/8/2006 15:32

This cack is drifting down a bit again.
Some notes;

At mid price of 6.25p and based on 94.3M shares in issue = 5.9M

Last results (finals)


At end Dec 05

Cash = 6.6M Euros = 4.5M Uk pounds
Net liquid assets = 8.7M Euros = 5.9M UK pounds

Cash now up to perhaps 5M and net liquid assets around 6.5M?

And despite warning, this from the trading statement
The Company remains profitable and has a strong balance sheet position. The
Company will issue its interim results for the 6 months to 30 June 2006 in the
second half of September.

As long as the company remains profitable i think the shares are cheap myself.

[hugepants] 26/7/2006 14:56

Spread here is bordering on the farcical.

[flojo] 19/7/2006 17:53

Anyone out there?

[flojo] 30/6/2006 15:51

How are people buying at.08p -spread 6-9p ?

[hugepants] 30/6/2006 00:26

Getmobile has today received notification from Julius Baer that the JB MST
Europe Small & Mid Cap fund holds 5,416,666 Ordinary Shares of £0.01 each,
representing approximately 5.75% of the issued share capital of the Company.


I think this represents an increase in shareholding. This lot werent mentioned as having over 3% in the acquisition document.

[trawl] 29/6/2006 11:15

on goodbodys site this am refering to meeting with co management yesterday 9mil euro cash at present still profitable although earnings this year down to 1.7 cent instead of 5cent co is now valued at cash even though profitable

[hugepants] 28/6/2006 09:10

The fall does look a bit OTT!

Market cap is currently 5.2M at 5.5p mid price

At end December 05

(converting euros into UK pounds)
Cash of 4.5M
Net liquid assets of 6M
NAV of 50.5M (admittedly mostly intangibles)

Company is profitable so these numbers are probably bigger (cash depending on cash flow). Big spread just now

[powwow] 28/6/2006 08:56

mms always do this with every stock, drop it way too much every time but thats life with the market. they always know something b4 anyone else does.

[glasshalfull] 28/6/2006 08:33

Well, thank goodness I sold out at the end of March !
I hope others are as fortunate.

Marked down 65% is beyond comprehension, especially as they state that they are still profitable !

Business model clearly not working and with spread prohibitive - 5p on the bid and 10p on the offer (although I note a sale through at 4p) I'm leaving well alone, even though they will bounce from these levels.

P Casey certainly didn't weave his magic here and nursing a massive paper loss.

Good luck any holders.



Regards
GHF

[tole] 17/5/2006 15:31

No brokers notes at hand anymore afraid Stew.

Bit of info out today on the recent AGM

[stewjames] 15/5/2006 16:32

glasshalfull (or anybody) - can you please e-mail any broker notes you may have (whether out of date or not) to [e-mail] ?

Thanks!

[boozey1] 25/4/2006 20:45

Thanks Tole from me too. As it happens I have bought into quite a few of these blighters now buying more each time in line with Director buying.

[tole] 25/4/2006 20:14

Still got this one on the monitor :) - thought it interesting to watch up to the AGM next month as pointed out in the note.

[glasshalfull] 25/4/2006 19:57

Thanks Tole.

On the sidelines but watching closely.

regards
GHF

[tole] 25/4/2006 17:13

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

[boozey1] 07/4/2006 20:46

Interesting, as it happens I was doing some dummy trades today as was thinking of buying more. The best price I could get was 26p. How the Directors bought for .3 Euros which I make about 22p I have no idea. Can anyone else explain this? Or have I missed something? maybe purchased on the Irish exchange as they are quoted there too.

[alwaysphoto] 07/4/2006 18:15

Getmobile Europe Plc Director/PDMR Shareholding
RNS Number:2458B
Getmobile Europe PLC
07 April 2006

getmobile europe plc ('getmobile' or the 'Company')

Directors' Holdings


getmobile has been notified that the following Directors of the Company today
purchased, in aggregate, 330,000 ordinary shares in the Company at a price of
Euro0.30 per share.

The individual purchases and resultant holdings are as follows:

Name Shares Purchased Resultant Holding Percentage
held following
Purchase

Pierce Casey 200,000 5,752,790 6.10%

Tim Schwenke* 65,000 2,168,363 2.30%

Daniel Wild* 65,000 1,964,260 2.08%

*In addition to those shareholdings listed above, Tiburon Unternehmensaufbau
GmbH ("Tiburon") holds 4,451,819 ordinary shares in the Company. Tiburon is a
company jointly owned by Tim Schwenke and his spouse (as to 46%) and Daniel Wild
and his spouse (as to 46%). In aggregate therefore, Tiburon, Tim Schwenke and
Daniel Wild are interested in 8,584,442 ordinary shares, representing 9.11% of
the Company's share capital.

More Buying From The Directors:-}

[maksud] 30/3/2006 08:52

any reason for this fall guys.i thought outlook was positive .

[tole] 29/3/2006 17:31

getmobile europe (Add, Closing Price EUR0.39)
FY05 results ahead of guidance.
Analyst: Philip O'Sullivan

getmobile europe reported its maiden set of full-year results since its IPO in August this morning. Turnover excluding third party transactions rose 14% to EUR58.6m as the number of mobile phone contracts it sold increased by 7.4% to 145k. The company estimates that it now has a 1.5% share of the post-paid component of the German mobile phone market (2004: 1.3%). The company reported that EBIT before group costs (plc charges of EUR150k and transaction related costs of EUR115k) was 23% ahead at EUR4.9m. This was ahead of the 20% growth guided in its trading statement in January. In terms of margins, getmobile's gross margins were 32.6% last year (2004: 31.7%), while its EBITDA margin increased to 8.5% from 7.8%. The company finished the period with EUR6.6m in cash, which was c.EUR600k ahead of guidance, and no debt. Last year the company dipped its toes into the French, Dutch and Austrian mobile markets, but following these forays it concluded that establishing a presence in those markets and attempting to grow organically would have a negative effect on EBIT in the short term. Nonetheless getmobile did not rule out entering these markets through acquisitions in time. On this note, the company said that it decided against a number of possible bids for other European companies in 2005, but that it now intends implementing a selective acquisition strategy in its home market. In all, a satisfactory set of results from the company but we will wait to speak to management before making changes to our forecasts.

Goodbody stockbrokers

[scotswhaehae] 29/3/2006 10:51

Well..my numbers indicate 'strong buy'...but I've a few already and I'll leave the big push up to others for a while...lol

[maksud] 29/3/2006 07:56

i think management is being very cautious it is quite clear that they see germany as growth driver over 2006, and they point out they see a significant oppurtunity to increase market share .

[boozey1] 29/3/2006 07:50

marksud, GHF, sound but not spectacular. Upside potential outweighs downside risk on the share price.

[glasshalfull] 29/3/2006 07:46

Hi

Pretty much as expected if a little uninspiring if i'm being honest, with the expansion into other countries put on hold.
Lets hope the current in line outlook provides the turning point for the share price.

Fall still overdone in my eyes.


Regards
GHF

[maksud] 29/3/2006 07:32

well guys this should be the bottom,outlook by pc standard seems very positive.
i recon he has few cards up his sleeve.remember germany is holding worldcup so expect their economy to pickup.