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GLOBE INTERNATIONAL LIMITED (GLB)

GLOBE INTERNATIONAL LIMITED (GLB)

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General Information
Company Name: Globe International Limited
Stock Code: GLB
Website: www.globecorporate.com
GICS Sub-Industry: Apparel, Accessories & Luxury Goods
Market Cap ($M): 17
Equiv. Shares (M): 41

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.400 $ 0.000 $ 0.000 $ 0.000 $ 0.400 0 0%

Current Broker Consensus Recommendation more
Recommendation: Sell
Recommendation Date: 30th Sep 2009
12 Month Target Price (average): $0.34
Brokers Surveyed: 1

Company Overview

Business Description:
Globe International Limited (GLB) is an international multi-branded wholesale company, specializing in the sale of footwear, apparel and skateboards to retailers and distributors in the boardsports and youth markets. GLB supplies wholesale products directly to retailers and through third party distributors in Australasia, North America and Europe. GLB also maintains a small number of flagships branded retail stores in key market countries.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 1.2 3.0 -43.4 19.2 5.0 8.8 100.0
2010  A 2.2 5.3 -- 7.8 5.0 12.1 100.0
2009  A -2.4 -5.8 NaN 0.0 0.0 0.0 --
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Billabong Intl (BBG) $469 M -0.1868 -0.4726 -0.0109 3.9149 7.4223 7.5041 0.1576 0.0000 0.0193
Globe (GLB) $17 M -0.4446 -- -- 13.5135 -- -- 0.1250 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GLB 1.08 13.5 0.35 -- 0.19
Market 1.29 11.1 1.08 1.59 2.71
Sector 0.90 10.97 0.83 5.25 0.37

Directors
Name Position Start Date
Mr Paul Dean Ramsbottom Isherwood Chairman 01 March 2001
Mr Peter Hill Executive Director   
Mr Stephen Hill Executive Director   

Management
Name Position
Matthew Hill Chief Executive Officer
Jessica Hogan Chief Finance Officer
Gary Valentine Chief Operating Officer
Gerhard Correa Company Secretary
Jon Moses President - Australasia
Matthew Wong President - Global Product

Substantial Shareholders
Holding Name
2,436,022 (5.88%) Polytown Pty Ltd
3,454,465 (8.33%) Matthew Patrick Hill
11,986,281 (28.91%) Hill Stephen D
11,986,281 (28.91%) Hill Peter J

Calendar of Events
Date Event
21 September 2012 Report (Annual)
16 August 2012 Report (Prelim)
24 February 2012 Report (Interim)
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