Globo (GBO) has today served up calendar 2013 results that look as impressive as its luxurious new Athens offices that I visited and filmed yesterday. The numbers have wowed the City – the shares are up 14% at 53p. No doubt the analysts call this afternoon will be a love in with the management. But should any of the teenage scribblers actually want to ask a tough question or two here are 10 to get them started. Many thanks to Matt Earl, the dark destroyer, for this.
- Cash. Is Globo making the position look better than it is? For example it cites year end cash at €64.2million. But does that number not include bank debt availability in that. Is that not like me having a £100,000 credit limit on my Visa and telling everyone I've got £100,000 in cash.
In simple terms
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