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/
Hi GuysGLB has been on my value screen for a while, however in...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$2.96 |
Change
-0.050(1.66%) |
Mkt cap ! $122.7M | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.11 | $2.96 | $10.01K | 3.328K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $2.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 2088 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| GLB (ASX) Chart |