Hi Guys
GLB has been on my value screen for a while, however in my opinion this business is a value trap:
Long term decline in revenues and book value
Huge losses as a result of GFC
Reliance on American market
Weak HY11 performance
The good year they had in FY10 could well be a flash in the pan, I think they are too vulnerable to continued losses despite having a moat in their brand equity and plenty of cash.
I just summarised these points on my blog at http://www.asxvalue.com/2011/04/30/globe-international-value-trap-glb/
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Last
$2.97 |
Change
0.000(0.00%) |
Mkt cap ! $123.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 155 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 1889 | 1 |
View Market Depth
| Last trade - 16.21pm 07/08/2025 (20 minute delay) ? |
| GLB (ASX) Chart |
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