Shares in Globo (GBO) are 5% ahead on the back of what appears a bullish trading update. But hang on am I missing something here?
The update first. H1 2014 sales will be 45% ahead at 46.5 million Euro which is slightly head of forecasts, PBT is forecast to be slightly ahead of expectations and net cash grew by 3.2 million at the year end to 46 million Euro.
Hmmm. That looks good. But …
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