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(GBO.L) Globo PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 08-02-10 | RNS |
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RNS Number : 7873G Globo plc 08 February 2010 FOR IMMEDIATE RELEASE 8 February 2010 GLOBO plc
2009 PERIOD END TRADING UPDATE Globo plc ("Globo" or "the Group";LSE-AIM: GBO), the international IT, S.a.a.S and mobile solutions group, announces that it has achieved a strong trading performance for the year ended 31 December 2009. In the face of global recession, the Group has successfully maintained and strengthened its leading position in its traditional market as well as expanding into emerging markets where it is starting to win new contracts with the potential to transform the Group. Revenues for the year exceeded market expectations, growing by approximately 31 per cent to EUR23.4 million and reflecting strong demand for the Group's products and services, with pre-tax profits in line with market expectations. Operating cash flows for the year increased by 295 per cent to EUR8.1 million with net borrowings at the end of the year remaining in line with the end of 2008. The level of net debt was higher than market expectations due to slow settlement, by the Greek government, of invoices with a total value of EUR5.5 million which the Group expects to receive substantially all of this during the first half of the current year. 2009 Operational highlights The Group achieved strong growth in all lines of business during 2009.
· In the public sector, new contracts won and delivered with several public organisations (mainly for E-Business and Wi-Fi projects), with funding from the 3rd European Support Framework, provided the basis for solid further expansion in Greece. The 4th European Support Framework becomes effective in 2010 and will enable the Group to achieve further growth in this area.
· The Group has expanded its participation in private and public sector project bids outside Greece with bids for new digitalisation and e-business projects in Cyprus. · Profitel Communications achieved solid profitable growth through its Software as a Service (S.a.a.S) offering and telecom solutions. · The Group increased coverage of its Wiplus service (Wi-Fi operations), adding new premium hotspot locations which now total 438 (2008: 350) and continue to contribute a profitable and recurring revenue stream. · The integration of Reach Further Communications Ltd, with the Group's service offerings to several mobile operators, has resulted in business opportunities that will be exploited during 2010 onwards.
International expansion of the Group The launch of CitronGO!, represents a major step in the transformation of the Group as a player in global mobile services, a market with more than 4.5 billion current subscribers. During 2009, the Group supported this strategic development in several key areas: · Recruiting professionals with international experience in the mobile sector, including professionals working with regional teams to initiate relationships with mobile network operators ('MNO's) in Latin America, North America, South East Europe, Middle East, India, China and South East Asia.
o integrate more services (e.g. Facebook, Youtube, Twitter) o support the growth in number of handsets o support several languages (including English, Indonesian, Spanish, German, Italian, French, Bulgarian, Arabic, Greek) o provide several billing interfaces for MNO systems o integrate with internal MNO systems (e.g. SMS, WAP gateways) o provide tools for customer helpdesks and systems monitoring In August 2009, the Group raised approximately £1 million before expenses via a placing, with UK and Greek investors, of 11,944,029 new ordinary shares of 1 pence each, to fund the international roll-out of CitronGO! The Group expects that this international roll-out of CitronGO! will significantly benefit revenue, profit and cash flow during 2010.
Outlook for 2010 Despite the economic difficulties being experienced in Greece, along with many other parts of the world, the Group believes that 2010 will be a year of transformation for the business from a regional technology leader to an international mobile services provider. During 2010, we expect a number of drivers of growth.
· Our diversified business model (licence, project, service) in our traditional business will result in continued steady growth as businesses and other organisations move into e-business. · Growing customer familiarity with our Software as a Service business model is resulting in utilisation of new services, increased customer loyalty and recurring revenue. · Wi-Fi broadband infrastructures will continue to be a significant driver as demand from private and public organisations grows. Globo's non-executive Chairman, Brett Miller, commented: "Despite a number of significant challenges, Globo made significant strategic and trading progress during 2009. Besides winning new contracts and delivering strong results within a difficult economic environment, Globo has made significant steps in its international development. We have started 2010 with a very good announcement for our international mobile service and with a satisfactory outlook for our traditional IT, S.a.a.S and Telecom business driven by the economic reformation of the Greek Government. We anticipate that this year will start to show the huge potential for the Group's mobile applications." Globo's Chief Executive Office, Costis Papadimitrakopoulos, added: "We are excited about 2010. We believe that this year will be a landmark in our Group's development by transforming it to an international technology provider and we are well positioned to accelerate our growth."
END
CONTACTS
Costis Papadimitrakopoulos, CEO Dimitris Gryparis, Finance Director
Christopher Caldwell or Barclay Clibborn
Astaire Securities Plc (Joint Broker)
Christopher Theis
Steve Liebmann, Simon Bloomfield or Andy Harris About Globo GLOBO plc was admitted to AIM in December 2007. Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software and SaaS. vendors in Greece. More recently, the Group has formed a new business unit, Globo Mobile, to deliver its mobile communications strategy. For further information please go to www.globoplc.com. This information is provided by RNS The company news service from the London Stock Exchange END
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| 27-01-10 | RNS |
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RNS Number : 1643G Globo plc 27 January 2010 FOR IMMEDIATE RELEASE 27 January 2010 GLOBO plc CITRONGO! CONTRACT WITH A MULTI-MILLION
SUBSCRIBERS MOBILE NETWORK OPERATOR Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S and mobile solutions group, is delighted to announce that it has entered into a contract for the provision of its mobile CitronGO! suite to one of the largest mobile network operators (the "Network Operator") in South East Asia, with approximately 85 million subscribers. CitronGO! is expected to be launched later this month. Globo will provide CitronGO! as Software as a Service (S.a.a.S) and will receive a net monthly fee of EUR1.20 to EUR2.10 (depending on subscription plan) per customer that subscribes to CitronGO!. CitronGO! will be marketed by the Network Operator through a number of channels, including targeted SMS messaging to its base of users with mobile internet subscriptions as well as to its general subscriber base via its Interactive Voice Response platform. Further marketing initiatives are anticipated. Initial revenue generation is expected to commence during the first half of the current year with a progressive build-up as the year progresses and beyond. The contract is for an initial two year period with automatic renewal thereafter. Costis Papadimitrakopoulos, CEO, commented: "We are delighted to announce our first major contract for CitronGO! with one of the largest mobile network operators in South East Asia. "This contract sets a major starting point for Globo's international expansion. Furthermore it represents a significant and independent validation of our product offering at a time when the group is engaged in ongoing negotiations with mobile network operators in several countries worldwide. We look forward to reporting further developments." Ends Note to editors: CitronGO! redefines mobility in communication and is an open, 'cloud', mobile communications platform solution which enables users to interact with multiple services including e-mail, contacts, calendar and social networking at any time, any place and using any connected device. CitronGO! has been developed from Globo's existing e-business, communications and SaaS proprietary technologies. The key features include:
CONTACTS
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
Christopher Caldwell or Barclay Clibborn
Astaire Securities Plc (Joint Broker)
Christopher Theis
Steve Liebmann, Simon Bloomfield or Andy Harris About Globo GLOBO plc was admitted to AIM in December 2007. Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software and SaaS. vendors in Greece. More recently, the Group has formed a new business unit, Globo Mobile, to deliver its mobile communications strategy. For further information please go to www.globoplc.com. This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-11-09 | RNS |
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RNS Number : 0181D Globo plc 25 November 2009 FOR IMMEDIATE RELEASE 25 November 2009 GLOBO plc EUR4.7M NEW ORDERS Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S and mobile solutions group, is pleased to announce that during recent months it has been awarded a number of new public and private sector contracts with a total value of over EUR4.7 million, the bulk of which are expected to be completed and the associated revenues recognised during the course of 2009. These contracts are for the Group's 'mainstream' IT and telecom products and services. New public WiFi 'hotspot' projects valued at an aggregate EUR1.62 million are being delivered for several municipalities: Markopoulo, Halandri, Likovrysi, Kalyvia, Agia Varvara, Agioi Anargyroi, Sparti and Vyronas as well as for the Prefecture of Thesprotia. Globo will provide a specialised software platform for user's access control, security, network management and the extraction of statistical reports on the use of wireless internet access by users of the hotspots. New public sector E-Business contracts worth EUR0.66 million include projects for the Prefecture of Kefalonia and the Municipality of Glyfada. Globo will provide a specialised software platform for services related to the provision of information and interaction with the general public. In the private sector, Globo is delivering several new projects with a total value of EUR2.4 million for the implementation of E-Business solutions based on its Citron Business Operating System with companies including Diadikasia S.A., Newsphone S.A., E-shop S.A., IMS S.A. and Call Center S.A. Costis Papadimitrakopoulos, CEO, commented: "This stream of new business builds on Globo's successful track record as a leading technology provider of e-business and broadband solutions in Greece. It reflects our continuing investment in new business development and in new technologies in order to expand our footprint within our traditional markets." Ends
CONTACTS
Costis Papadimitrakopoulos, CEO Dimitris Gryparis, Finance Director
Christopher Caldwell or Barclay Clibborn
Astaire Securities Plc (Joint Broker)
Christopher Theis
Steve Liebmann, Simon Bloomfield or Andy Harris About Globo GLOBO plc was admitted to AIM in December 2007. Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software and SaaS. vendors in Greece. More recently, the Group has formed a new business unit, Globo Mobile, to deliver its mobile communications strategy. For further information please go to www.globoplc.com. This information is provided by RNS The company news service from the London Stock Exchange END
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Thanks yeh I looked at the website a while back.
Looking at their site stats, they're getting next to no traffic to their website at the moment: http://www.alexa.com/siteinfo/citrongo.com It'll be interesting to see how this improves (hopefully!) when the network operators start marketing it. By the sounds of it Globo arent going to be doing the marketing themselves, and relying on the networks. |
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| Wed 21:14 | ||||
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you have got the point in one go BBB, also I have to say I would love to know how good it is compared to the Blackberry and iphone versions, I have to say from the website it does sound as though it is better, as it does sound/look as though the way that all of the emails etc are combined, is done in a better way (I have to say I have never been impressed with either the blackberry or iphone apps), heres the website on CitronGo:
http://www.citrongo.com/ But I agree it would be nice to see an actual comparison come out comparing all the version's, but i guess we will have to wait for that and hope for the best, happy in the knowledge that Globo are currently being valued at less than the worth of their current business, let alone on the potential value of CitronGo |
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| Wed 19:29 | ||||
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Right, So basically just like a Blackberry lets you do, or mobileme lets you do on an iPhone?
Don't get me wrong, it's a good idea, but it's not unique and there's big competition already out there so they may have their work cut out. I of course hope I'm wrong and it's a huge success, but I like to know what the competition is like. I guess the thing that might work in their favour is that the products that are already out there are provided by the phone manufacturers, so the network operators aren't getting a cut. With CitronGo the operators do get a big cut and will therefore be keen to push it when people sign up for contracts etc, and of course it'll work on any phone unlike the manufacturer's own products. So they may well have found a very good angle to market it to the operators.... Interesting.... BUY BUY BUY!!! |
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| Wed 17:08 | ||||
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no, citron go is a technology that allows you to combine all of your things like your different email accounts etc into one, so rather than having to log in and out of say your google account, your hotmail account, your work account, facebook, twitter etc, you can combine them so that you get all of your emails together in one inbox, and can reply via this one place also, this is a very very good feature in my opinion and not just for the business world
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