Edmond Jackson's Stockwatch: Globo

http://www.iii.co.uk/articles/71667/edmond-jacksons-stockwatch-globo

A buy in this weeks shares mag - Analysts at broker RBC Capital Markets anticipate 2012 revenues of £40m increasing to £52.1m and £70.2 m this year and next. That would imply earnings per share doubling to 3.5p in 2012, before hitting 5.2p and 7.8p over the next two years. Such growth leaves the stock on just 6.4 times and 4.3 times earnings for 2013 and 2014.

Flying

FOR IMMEDIATE RELEASE
27 February 2013

GLOBO Plc ("Globo" or the "Group")

Signs North America Distribution Agreement with Ingram Micro; Announces Enterprise Mobility in a Box® for SMBs


NEW YORK - Feb. 25, 2013 - Globo (LSE-AIM: GBO), the international leader and technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, today announced it has signed a distribution agreement with Ingram Micro Inc. (NYSE: IM). Under the terms of the agreement, the Ingram Micro Mobility division will provide Globo's revolutionary enterprise mobility solutions for the Enterprise and Small and Medium Business (SMB) market to authorised resellers in the United States and Canada.

Ingram Micro Mobility will act as an exclusive distributor in North America for Globo's new product, GO!Enterprise - Enterprise Mobility in a Box®, which will be showcased at GSMA's Mobile World Congress in Barcelona beginning 25 February 2013, with commercial launch scheduled within the following month.

"The addition of Globo's GO!Enterprise platform to our lineup allows Ingram Micro resellers to provide an even wider portfolio of solutions to serve the growing number of customers looking to mobilise their business operations," said Bashar Nejdawi, president Ingram Micro Mobility, North America. "We're committed to offering products to our reseller customers that provide them with ever-expanding opportunities for success in a competitive marketplace and Globo's portfolio of mobile solutions is an essential addition to our mobile offering."

GO!Enterprise - Enterprise Mobility in a Box® ("GO!Enterprise BOX") is a revolutionary and innovative approach to Enterprise Mobility for SMBs that allows small businesses with up to 150 devices to securely run and manage their BYOD (Bring Your Own Device) mobile workforce through the Globo cloud infrastructure.

Everything required for enterprise mobility management is provided literally "out of the box" and is hosted in the cloud. The comprehensive solution includes hosted Microsoft Exchange accounts, cloud hosting and file storage, GO!Enterprise Office productivity and collaboration apps, an integrated development studio for creating customised Apps, and an Enterprise Mobility Management console to manage and protect corporate assets.

GO!Enterprise BOX is a plug and play solution that requires zero IT resources or specialised technical knowledge. Available on a pay-as-you-go annual licensing model, it minimises any up-front costs and ensures an exact match with business needs. Now SMBs do not have to settle for a scaled down enterprise solution and can find Enterprise Mobility products anywhere, even on the shelves of major retailers.


"Enterprise mobility is a strategic initiative for organizations of all sizes and our product strategy is designed to deliver to the widest range of customers exactly what they require.Enterprise Mobility in a Box® came of out this business mindset. The distribution agreement with Ingram Micro Mobility complements exactly what we envisaged; the widespread cross-channel availability of a solution crafted for SMBs made available through one of the leading IT and mobile distributors in the world and addressing the most mature markets of USA and Canada in one move,"said Costis Papadimitrakopoulos, Globo's CEO. "This agreement with Ingram Micro Mobility is an important step in advancing Globo's global leadership and establishing our brand and solutions in the United States and Canada."

Up nearly 3 points at 39 on good volume and plenty of buying

4m buys, up 12%

UPDATE: Globo shares dial up on North American distribution deal
4:21 pm by Jamie NimmoThe deal will see Ingram Micro’s Mobility division act as an exclusive distributor in the US and Canada for Globo’s new product GO!Enterprise - Enterprise Mobility in a Box®

--adds share price and broker comments--

Shares in mobile software specialist Globo (LON:GBO) leapt today after it signed a deal with Ingram Micro that opens the door to the North American market.

The deal will see Ingram Micro’s Mobility division act as an exclusive distributor in the US and Canada for Globo’s new product GO!Enterprise - Enterprise Mobility in a Box®.

Ingram Micro, which is the world’s largest wholesale technology distributor, will supply authorised resellers in North America with Globo’s enterprise mobility solution, which allows employees from small businesses manage their workload on the move.

Shares soared 12% to 40.5p each on the news.

The product, which provides access to Microsoft’s Exchange server, cloud hosting and file storage, is to be showcased at the Mobile World Congress, which is currently happening in Barcelona, with commercial launch pencilled in for the following month.

Costis Papadimitrakopoulos, Globo’s CEO, said: “Enterprise mobility is a strategic initiative for organizations of all sizes and our product strategy is designed to deliver to the widest range of customers exactly what they require. Enterprise Mobility in a Box® came of out this business mind-set.

“The distribution agreement with Ingram Micro Mobility complements exactly what we envisaged; the widespread cross-channel availability of a solution crafted for SMBs [small and medium-sized businesses] made available through one of the leading IT and mobile distributors in the world and addressing the most mature markets of USA and Canada in one move.

“This agreement with Ingram Micro Mobility is an important step in advancing Globo’s global leadership and establishing our brand and solutions in the United States and Canada.”

In a note in January, broker RBC Capital Markets highlighted the importance of bagging a distribution partner in North America, calling it a “key region” for the company.

Today’s first steps into North America come after November’s distribution deal to launch Globo’s flagship business software product GO!Enterprise in the UK and Ireland.

A buy in this weeks Shares mag - Still a cheap share.

Globo joins FTSE AIM100 Index
RNS
RNS Number : 6414Z
Globo plc
11 March 2013



FOR IMMEDIATE RELEASE
Monday, 11 March 2013




GLOBO plc ("the Company")

Joins FTSE AIM 100 Index



Globo plc (LSE-AIM: GBO) the international leader and technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, is pleased to announce that, following the latest quarterly review by FTSE, its shares have been included in the FTSE AIM 100 Index. In addition, Globo's shares are on the reserve list for the FTSE AIM UK 50 Index.

This follows a strong performance by Globo shares since the beginning of 2013. During that period, the Company has announced a financial performance for 2012 ahead of market expectations, with revenues expected to have risen by approximately 28 per cent to €58 million (2011: €45.3 million).

Recently, at Mobile World Congress in Barcelona, the Company launched GO!Enterprise - Enterprise Mobility in a Box®, currently the only product specifically developed for the SME market, for which it also announced an exclusive distribution agreement for North America with Ingram Micro Inc.

Globo's CEO, Costis Papadimitrakopoulos, commented:

"Being included in the FTSE AIM 100 Index marks another milestone in the rapid development of Globo in the global enterprise mobility market, and reflects investor recognition of the major growth opportunity we have.

The launch of GO!Enterprise - Enterprise Mobility in a Box® and the endorsement we have received from the world's leading mobile technology distributor have generated strong interest from many of our partners and prospects around the world. This includes the UK where we are now planning an initial launch of GO!Enterprise - Enterprise Mobility in a Box® and anticipate that recognition of the GO!Enterprise brand will quickly grow among SMEs and larger enterprises."

END

Moving away from the housing theme, mobile devices software specialist Globo (LON:GBO) issues full year figures on Thursday with expectations having recently been raised by the January pre-close update.

"We have been long supporters of the story, news flow has been consistently good and the disposal of the Greek operations simplifies the proposition," notes Northland Capital Partners.

It's not all milk and honey, however, for the firm. "The inclusion of containerisation in the Blackberry 10 creates an additional competitive threat and the shares have enjoyed a very good 2013 to date," Northland notes.



http://www.proactiveinvestors.co.uk/companies/market_reports/55095/week-ahead-bellway-wolseley-and-globo-0000.html

Full year numbers Thursday, up 6.5% today

Globo plc (LSE-AIM: GBO), the international Mobile solutions, S.a.a.S and IT company, will announce its final results, for the year ended 31 December 2012, on Monday, 8 April 2013.

A presentation to analysts and private client brokers will be held at 09:30am on that day at the MWB Business Exchange, 60 Cannon Street, London, EC4N 6NP

Final Results

RNS


RNS Number : 7641B

Globo plc

08 April 2013








FOR IMMEDIATE RELEASE

8 April 2013




GLOBO Plc (“Globo” or the “Group”)



Final results for the year ended 31 December 2012



Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, announces final results for the year ended 31 December 2012.



Financial highlights

· Revenue from continuing operations UP 67.3% to €46.0m (2011: €27.5m)

· Total Revenue (including discontinued operations) UP 28.3% to €58.1m (2011: €45.3m)

· EBITDA from continuing operations UP 42% to €24.0m (2011: €16.9m)

· Total EBITDA UP 35% to €27.8m (2011: €20.6m)

· Profit before tax from continuing operations UP 43.3% to €17.2m (2011:€12.0m)

· Profit before tax (including discontinued operations) UP 47.9% to €17.9m (2011:€12.1m)

· Free cash flow, before the impact of divestment and disposals, of €1.5m for the year; €14.2m net cash at 31 December 2012 after €11.7m investments during the year (2011: €0.8m)

· International revenues 81.9% of revenue from continuing operations (2011: 79.6%)

· £9.6m of new equity raised via an institutional placing of 36.3m shares in April 2012.

Operational highlights

· Successful entry into enterprise market with GO!Enterprise achieving revenues of €12.01m (2011: €2m). In February 2013, launched GO!Enterprise - Enterprise Mobility in a Box® for SME market and signed exclusive distribution agreement with Ingram Micro for North America

· GO!Enterprise customer base growth to:

o 155,000 business-to-employee and business-to-business active licenses through the GO!Enterprise Office and Mobilizer license scheme

o 95,000 business-to-consumer active licenses through the GO!Enterprise Reach license scheme.

· Continuing success in winning partners, distributors and resellers which at the end of 2012 totalled more than 120 direct partners and 4,500 indirect (through distributors) partners

· Established US presence through acquisition in February 2012 of Dialect Technologies Inc. (renamed Globo Mobile Inc.)

· Continuing strong growth from international mobile in both consumer and enterprise segments; trading momentum sustained through successful partnership strategy

· Continued increase in customer base of CitronGO!/ GO!Social by 59.3% to approximately 2.23 million monthly users (2011: 1.4 million)

· Sold 51% of Greek business to management for €11.2m on 3 December 2012

· Since the year end significant events are driving our business forward including the Ingram Micro North America distribution agreement, followed by distribution agreements in Germany, Spain, Italy, Australia and UAE. Our innovative entry into enterprise mobility for SMEs through the GO!Enterprise - Mobility in a BOX and the GO!Enterprise247 cloud offer unlimited scopee for growth in an untapped market addressing the BYOD trend.



Barry Ariko, Non-Executive Chairman, commented:



"Management has a clear strategy for addressing the emerging enterprise mobility markets in the US, UK and Western Europe where we plan to build a leading global market position. Overall, current trading is strong and we are confident that 2013 will be a year of significant strategic progress and profitable growth for the Group."



END

Sold my holding, been in since Sept 2012, 22p. :-))

From this weeks' I.C. who have a target of 70 p.

Globo set for robust growthDesigning software and applications for mobile phones and tablets is driving impressive growth at Globo
Globo PLC (GBO:LSE)
MonTueWedThu3436384042
(GBO). What's more, the best still looks set to come after signing a contract with one of the biggest electronics distributors in the US, Ingram Micro - it also sold a 51 per cent stake in its Greek business for €11.2m (£9.5m), allowing for a greater focus on higher-growth business.

Even after adjusting for the Greek disposal, group sales from continuing operations jumped 67.3 per cent year-on-year to €46m, and pre-tax profit rose 43.3 per cent to €17.2m. There was especially rapid growth in the Go!Enterprise division, where revenue soared from €2m to over €12m. This division provides software support to integrate employees' own mobile devices with employers' IT systems - a growth area in the UK and US. Elsewhere, the consumer mobile operations - CitronGO! and GO!Social - increased revenue by a quarter to €29.2m as users jumped from 1.4m to 2.23m. Management said that growth here has continued in the three months to March - but at a slower pace.

Broker RBC Capital Markets believes that its sales estimates of €7m from the group's Ingram Micro contract could well prove to be conservative when it commences next month. The broker expects adjusted EPS of 6.8¢ for 2013 (from 5.2¢ in 2012).


GLOBO (GBO)
ORD PRICE: 41p MARKET VALUE: £139m
TOUCH: 41-41.25p 12-MONTH HIGH: 46.75p LOW: 16p
DIVIDEND YIELD: nil PE RATIO: 9
NET ASSET VALUE: 25¢* NET CASH: €14.2m



Year to 31 Dec Turnover (€m) Pre-tax profit (€m) Earnings per share (¢) Dividend per share (¢)
2008 17.9 2.86 1.80 nil
2009 23.5 3.20 2.00 nil
2010 30.9 4.63 2.80 nil
2011 45.3 12.1 3.20 nil
2012 58.1 17.9 5.60 nil
% change +28 +48 +75 -
*Includes intangible assets of €22m, or 6.5¢ a share

£1=€1.18



IC VIEW
Globo is growing fast, boasts impressive prospects and has a comforting cash pile. Yet the shares - trading on just seven times forecast earnings - are rated at a notable discount to those of its software peer group. Indeed, RBC Capital Markets has a price target of 70p. Buy.

Here's a bit more guff on the Ingram Micro deal


GLOBO selects Ingram Micro as distributor


Mar. 19, 2013


.
GLOBO, a technology innovator delivering Enterprise Mobility Management and Telecom software products and solutions, has recently announced it has signed a distribution agreement with Ingram Micro, Inc, a technology distributor and an expert in IT supply-chain, mobile-device lifecycle services and logistics solutions. Under the terms of the agreement, the Ingram Micro Mobility division will provide GLOBO's Enterprise Mobility solutions for the Enterprise and Small and Medium Business (SMB) market to authorized resellers in the United States and Canada.

Ingram Micro Mobility will act as a distributor for GLOBO's new product, GO!Enterprise — Enterprise Mobility in a Box, which was showcased at GSMA's Mobile World Congress in Barcelona beginning Feb. 25, 2013, with commercial launch scheduled in March.

GO!Enterprise — Enterprise Mobility in a Box (GO!Enterprise BOX) is an innovative approach to Enterprise Mobility for SMBs that allows small businesses with up to 150 devices to securely run and manage their BYOD (Bring Your Own Device) mobile workforce through the GLOBO cloud infrastructure.

GLOBO NAMED FINALIST IN 2013 CTIA E-TECH AWARDS

GLOBO's GO!Enterprise Box Recognized for Innovation in Enterprise Solution - Mobile Cloud

NEW YORK- GLOBO's revolutionary enterprise mobility management solution for SMBs, GO!Enterprise Box, was named a finalist in the Enterprise Solution - Mobile Cloud category of CTIA's annual Emerging Technology (E-Tech) Awards competition. The CTIA E-Tech Awards honor the industry's most innovative new wireless products and services in mobile apps, consumer electronics, enterprise & vertical markets and network. Winners will be announced at CTIA 2013™, taking place May 21-23, 2013 at the Sands Expo & Convention Center in Las Vegas.

GO!Enterprise Box which is based on the GO!Enterprise EMM (Enterprise Mobility Management) platform is literally an "out of the Box" approach to enterprise mobility for SMBs that allows companies with up to 150 devices to securely run and manage their BYOD (Bring Your Own Device) mobile workforce through the GLOBO cloud infrastructure. The solution allows employee-owned devices to access business data in a secure and centrally controlled manner, without imposing limitations on device configurations or on the use of personal data and applications.

The comprehensive solution includes hosted Microsoft Exchange accounts, cloud hosting and file storage, productivity and collaboration apps, an integrated development studio for creating custom Apps, and Admin console to manage and protect corporate assets.

GLOBO will be demonstrating GO!Enterprise BOX during CTIA 2013 at booth #3220.


"We are thrilled to be recognized as a finalist in the CTIA Emerging Technology Awards for innovation in Enterprise Solutions - Mobile Cloud," said Costis Papadimitrakopoulos, founder and CEO of GLOBO. "Our Enterprise Mobility in a Box® solution is a tremendous advance for the enterprise mobility space, addressing a critical need of SMBs to provide secure and undisrupted connectivity in and outside of the office."


Nearly 300 entries were judged by a panel of highly-respected industry experts, reporters and analysts. Submissions were scored on innovation, functionality, technological importance, implementation and overall "wow" factor. E-Tech winners, including Best in Show and Online Pick will be announced at the awards ceremony on Wednesday, May 22 at 2:00 p.m. PDT at CTIA's Exhibit Innovations Stage on the trade show floor within CTIA World, booth #5646.


Between now and May 20, website visitors may vote for the "Best Online Pick" at www.ctiashow.com/awards. CTIA 2013 show attendees will vote on-site via text message for entries in the E-Tech Awards display to win "Best in Show."

To get smarter about CTIA 2013 or to register, visit www.ctia2013.com.

All buying today, but price down nearly 2 points !

Globo continues to achieve strong revenue growth
StockMarketWire.com
Telecom software products and services Globo has continued to achieve strong revenue and profit growth following an outstanding financial performance last year, says chief executive Costis Papadimitrakopoulos.

Shareholders at the annual general meeting later today (10 June) will be told that trading this year has been strong, with international revenues and profits now dominating the group's overall performance.

Globo says this reflects its continuing focus on developing its international mobile business, which now represents more than 85% of revenues.

The group says it continues to invest in its GO!Enterprise offering. This has both gained significant industry recognition from observers such as Gartner, VDC and Ovum, and succeeded in generating revenues through strategic relationships in the rapidly-emerging Bring Your Own Device (BYOD) market.

Globo says that following launch at the end of 2011 with initial revenues of 2.0m, rising in 2012 to 12.0m, the GO!Enterprise B2E and B2C current subscriber base stands at 130% up year-on-year. Revenues from GO!Enterprise are generated primarily from recurring annual licenses, support contracts, and add-ons, supplemented by specific mobile application development projects. Globo says the successful partnerships with major distributors (ASBIS, COMPUTERLINKS) and device manufacturers (SAMSUNG, PRESTIGIO, etc.) achieved at the end of 2012 are now being implemented leading to initial revenue generation, and we remain enthusiastic about further growth prospects towards the second half of this year.

Papadimitrakopoulos says: "Globo has succeeded in positioning itself as one of the leaders in the BYOD and mobile application development markets today.

"Our challenge is to compete in particular against US peers with direct access to what we consider to be the biggest and most developed BYOD market opportunity in the world today.

"We remain confident that we are in position to succeed in the US market and, at the same time, utilise our experience in the European market where we are traditionally stronger and more competitive versus our US rivals.

"The US launch has been thoroughly prepared in respect of technical infrastructure, marketing, training, sales and support, in order to achieve maximum effectiveness and meet the requirements that this market demands. Now we feel more than confident that we are fully prepared to meet any size of demand from the US launch in the next two weeks."

Hopefully the signal for another push upwards .

GLOBO plc ("Globo" or the "Group")

Strong growth momentum for H1 2013

Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, today provides a trading update for the 6 months ended 30 June 2013.

Globo has maintained strong growth momentum and is pleased to report that revenues for the period increased by 51% per cent year-on-year in the first half of 2013 to approximately €32 million (6 months continued operations ended 30 June 2012: €21.1 million), ahead of market expectations. We also anticipate that EBITDA and PBT will be slightly ahead of market expectations.

This strong performance reflects ongoing demand for our GO!Enterprise platform, which recorded revenue growth of 133% year-on-year to €10.2 million (H1 2012: €4.4 million), and our consumer mobility products (CitronGO! and GO!Social) which recorded revenue growth of 22% to €17.9 million (H1 2012: €14.7 million).

Both revenue segments generate recurring service and licence revenues and, at the same time, GO!Enterprise generates project development revenues via deployment by customers requiring additional mobile platform application development services

In line with normal seasonality favouring the second half, the Group anticipates revenues and margins will continue to increase over the remainder of the year supported by new distribution and partnership agreements under way. Financial performance in the second half of this year will also benefit from the development of sales within our US & Canada distribution agreement, which since the beginning of July is fully active with sales already being recorded.

Operating cash flows after working capital needs and investments have resulted in a net cash position of €9.2 million, with total cash of €21.5 million at the end of the 6 month period.


Globo's CEO, Costis Papadimitrakopoulos commented:

"During the first half of 2013, we have sustained strong growth and made substantial progress with building up our business in all geographies and technologies around the Enterprise Mobility space.

Globo is positioned to serve all different market segments and is looking to becoming one of the market leaders in the Enterprise Mobility space as our platform offers a broader range of functionality compared to our competitors.

With offerings that range in size from Enterprise licences to cloud offering down to retail box, in functionality from BYOD to application development and consumer apps, and in pricing from monthly to perpetual licence model, Globo has one of the strongest product and commercial offerings in the market today that makes us confident for the future."

The Group expects to announce interim results in September 2013.

END