Share Name Share Symbol Market Type Share ISIN Share Description
Getmobile Europe LSE:GETM London Ordinary Share GB00B2QTYX55 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 142.50p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 96.9 3.2 25.4 6.1 13.46

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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?
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
scotswhaehae: re post 175...Not sure that will get you very far Directors admit that earlier plans (as per when the shares were placed over 60p) are no longer feasible... The game is new and is based on a share price of 12p or so...if recent Director purchases and share option details are anything to go by then new money at this price has a solid chance of tripling relatively quickly (18 months)...these Directors are not imho ppouring new money in just for fun! We do not yet know trading details but we have been informed that the business remains profitable, cash generative and scaleable... Hence I'm sitting tight...and enjoying the ride so far!
ivannabe bullish: I am trying to find out how much money the directors paid for their shares and I can find out as far back as xmas 2005 but before this the information seems to dry up. Below are the directors that have bought shares before Xmas 2005, would/could someone either tell where I could get then info from or does someone already know. If we knew how much the directors paid for their shares then we would know how much the directors were locked in at a loss, which most of them are losing money for the moment !!!!!!!!!! they will be losing even more money when I find out how much they paid for the shares listed below as these were all bough when the share price was a lot higher. Robur fonder 1,925,000 David Keenman 100,000 Pierce Casey 5,052,790 Paterick Bosch 827,017 sven Screiber 1,555,494 Brian Stephens 187,500 Also there are various institutions that have also bought millions of shares but we do not know what price they paid, we only know the date that they reported the information to the stock exchange. Would the date that they reported the info be taken as the a rough guide to when they bought the shares or could they have slow built up a stake till they reach a notifiable level.
psheeran1: pymadams, agree with you in all respects, most important factor for me is the large buying by directors as you have said...looking good as a strong recovery play on a battered share price...good luck!
pymadams: We know that the share price has been disastrous over the last 6 months. A collapse from c. 80 to 35, a gradual decline from there to 22-23 and then fell of the cliff to a selling price of 5p with a horrible spread to 9p to buy. Since then the news from the company has been neither good nor bad. Yet we have seen huge buying from the directors. You can do whatever fundamental analysis you like based on the information available to the investing public, yet the message has to be that the directors see upside from the recent low buying point they have managed. If you had bought these at 7p and the price goes to 14p that is still a 100 percent increase. I bought mine at 35p so I am not filled with confidence that I will get that money back, yet I really should buy more because they are so low now. If I had 50% of my original stake lying around with no better home than that is what I would do. The spread has shrunk considerably: it was sell at 9 and buy at 5, now it is 12.5 to 11.5 so I could argue that I have not lost too much by waiting and that the risk has reduced. Anybody else see this radically differently?
charlie11908: Goodbody Stockbrokers this am.... "At first glance, while this deal will help getmobile build scale and meet its objective of acquiring in its home market this year, it will also sharply reduce the firm's cash reserves, which had been providing a support level for the share price. We will be revising our forecasts after speaking with management today." REDUCE reccommendation.....
scotswhaehae: First share price progress for a while... Deserves to at least double on current fundamentals and to at least triple on recovery/longer term opportunity factors imho...
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
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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