GLB 0.69% $2.87 globe international limited

Ann: Company Announcement - Half Year Results Dec 2018, page-3

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    This is a very strong result given the weakening retail environment. Rev up 11% and profit up 25%. Forecasting continued Rev growth but slowing profit growth.  Looks like they are making investments in UK/Europe and the US in FXD and Salty Crew being rolled out in both regions. Very impressive with a 6 cent div.  I think they are just being cautious with their  full year forecast and expect it to be higher than PY with a final Div of 7 cents. Still very strong growth potential with lots of upside to the SP.
 
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