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GBG Gb Group Plc

272.40
4.40 (1.64%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gb Group Plc LSE:GBG London Ordinary Share GB0006870611 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  4.40 1.64% 272.40 672,368 16:35:10
Bid Price Offer Price High Price Low Price Open Price
271.60 272.40 272.60 267.20 270.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 278.81M -119.79M -0.4743 -5.73 686.51M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:03 O 871 272.45 GBX

Gb (GBG) Latest News (1)

Gb (GBG) Discussions and Chat

Gb Forums and Chat

Date Time Title Posts
25/3/202406:18GB Group in massive tie up with BT.8,241
05/12/201306:45G B Group1
04/4/201207:20GB Group2
05/5/201116:56Great Basin Gold - Canadian-quoted producer1
13/12/200719:19Profit from ID Fraud Prevention with the market leader2

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Gb (GBG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 18:45:05272.458712,373.04O
2024-03-28 18:10:25269.561,9465,245.62O
2024-03-28 18:09:16269.896,52117,599.66O
2024-03-28 17:56:04267.80112299.94O
2024-03-28 17:54:27271.0214,72739,912.38O

Gb (GBG) Top Chat Posts

Top Posts
Posted at 29/3/2024 08:20 by Gb Daily Update
Gb Group Plc is listed in the Computer Programming Service sector of the London Stock Exchange with ticker GBG. The last closing price for Gb was 268p.
Gb currently has 252,577,656 shares in issue. The market capitalisation of Gb is £686,506,069.
Gb has a price to earnings ratio (PE ratio) of -5.73.
This morning GBG shares opened at 270.20p
Posted at 08/2/2024 09:59 by expleaseme
Looking for rainbows here, but recent news of potential bid for Onfido (GBG competitor) and view of the FinTech space makes interesting reading.https://sifted.eu/articles/uk-fintech-onfido-acqusition-talks-news
Posted at 03/2/2024 09:55 by marktime1231
Thank you, here is the link for future reference ...



Although I have to say it doesn't add up:

1) Total voting rights eg shares as at 31 Jan 2024 was 252,575,253 as per the rns



2) Half way adjusted profit was £23.7M according to the trading update



3) So a full year adjusted operating profit, with modest 8% growth in H2, gets us to £49.3M.

4) Adj eps = adjusted op profit / shares = 49.3 / 252.575 = 19.5p. That was the basis of my estimate on 30 Jan post #8224

5) GBGs "expectation" from the above link to consensus forecast gives a median of £60.2M adj op profit (eh - where did the extra £10M come from?). And yet they give a median adj eps of just 14.8p, equating to only £37.4M of earnings.


Have I got my sums crossed?
Posted at 30/1/2024 12:25 by marktime1231
It is a fair point. Very easy to say "in-line" without referring to what the expectations are, and they are not easy to find. It would be more helpful to remind us what the full year expectations are, or link to where we can find them. As far as I can see Edison are no longer being paid to cover GBG.

The outlook summary in the annual report last year said there was confidence in hitting FY24 profit expectation but also gave no numbers. In October we got ...

"Overall, we expect first-half adjusted operating profit of approximately £23.7 million. The ongoing focus on simplicity and efficiency underpins the Board's confidence that GBG will deliver its FY24 profit expectations"

... so again no numbers. The previous narrative was for slightly improved revenues in H2, we got a slight contraction in H1, but modest progress in operating profit thanks to "efficiencies". I seem to remember at half way being disappointed that hitherto tremendous debt reduction progress had stalled.

My guess is we should expect FY adjusted eps of around 18-20p, so adjusted operating profit £46-50M. In other words a flattish performance. Good enough to sustain this level of share price but no more, it will take a much more exciting growth-based outlook to restore our fortunes.
Posted at 30/1/2024 07:14 by hotfinance14
GB GROUP PLC

("GBG", the "Group" or the "Company")



Directorate change

Trading in line with expectations



GB Group plc, (AIM: GBG) the experts in digital location, identity verification and identity fraud software, confirms that, further to the announcement of 8 November 2023 and a successful transition period as CEO designate, Dev Dhiman has today formally taken up his Board position as CEO. Dev replaces Chris Clark who, as part of the CEO succession plan, has now stepped down as a director of the Company.



As expected, trading during the third quarter to the end of December 2023 reflected a continuation of the trends reported in the first half. As a result of progress delivered from our efficiency and simplification initiatives, the Board remains confident in meeting its FY24 expectations.



GBG will publish its full year pre-close trading statement in April 2024.
Posted at 08/11/2023 07:30 by hotfinance14
Retirement of Chief Executive / Appointment of CEO designate



GB Group plc, (AIM: GBG) the experts in digital location, identity verification and identity fraud software, announces that Chris Clark, the Company's Chief Executive Officer, has informed the Board of his intention to retire as CEO and will step down from the Board with effect from 30 January 2024, and will be available to the Company until 30 July 2024.



Following the conclusion of a rigorous selection process by the Nomination Committee, the Company is pleased to announce that Dev Dhiman has been promoted to Chief Executive Designate. Dev will assume the role of Chief Executive Officer and will join the Board on 30 January 2024. In the meantime, he will work closely with Chris to ensure an orderly handover.



Dev joined GBG in November 2020 as Managing Director, Asia Pacific. During the past three years our APAC business has consistently delivered year-on-year revenue growth and Dev has demonstrated excellent leadership qualities aligned with GBG's people-focused culture. Previously, he spent 12 years at Experian, where he held a variety of senior positions, he has considerable knowledge and experience of the sector and the markets in which we operate.



Richard Longdon, Chair of GBG, said: "On behalf of the Board, I would like to give our thanks to Chris for his significant contribution over the last 7 years, his passion and dedication will be missed by everyone at GBG and we wish him the very best in his retirement. I am delighted to be able to announce Dev's appointment as CEO designate. During our selection process it was clear that Dev's deep understanding of GBG, its markets and potential, make him the ideal leader to replace Chris. We are confident that he will work together, with the excellent Executive Team, to lead GBG through the next phase of its evolution."
Posted at 01/11/2023 11:57 by marktime1231
GBG will come again. The timing of the Acuant acquisition was not the problem except with hindsight perhaps, so much as the ridiculous high price paid, as we know and felt at the time. Let's remain hopeful. I agree the momentum of debt reduction has petered out, but this is still a company making a healthy profit out of providing in-demand tech services in the world's most important market.

GBG was a universal favourite pick for good reason two years ago, everyone was excited (then). Does one flat half-year really mean ex-growth?

IC a laughing stock in recent years, a contra-indicator, sometimes wise after things have unfolded, sometimes not even then. They are particularly good at switching to a Sell when the stock has already hit rock bottom and rising, and will shift to a Hold or Buy after the share price has appreciated.
Posted at 23/10/2023 13:29 by sphere25
An interesting holding RNS just popped out. A value fund seeks value?

I am sure we are all sat here wondering where the bottom is for so many shares right now and is there value here. The trends are still terrible, and sellers still swarm all over any price rises, so from a trading perspective it is case of almost knowing that you have to lob into a move higher, before the sellers kill off any cause for enthusiasm.

I had stuck this one on the watchlist for a possible trade on the trading update. There were buyers in size at 240p so I thought, if it held that mark, it could have a further pop higher, but the sellers kept coming in...over and over and just exhausted the buyers and straight back down it went. Clearly reminiscent of so many others, even if the update is in line when the market was expecting a warning.

The interesting thing was that the price did bounce on an update that wasn't great, but it was better than the market was expecting, so maybe a sign that alot of the bad news is in the price here. The chart seems to be trying to form a bottom.

It still feels early because you can't be sure of further warnings and the macro is horribe, but as far as AIM goes, this almost looks like a prize asset. It might be a case that it gets taken out on the cheap at some form of premium at these levels. It would be very surprising if another bid didn't emerge here so I stuck it on the list to see if any irregular activity happens at some point to try and nip on board.

Some broker comments here:

"A re-rating of GB Group (GBG) shares will rely on growth ‘reaccelerating’ but there is signs of stabilisation, says Peel Hunt.

Analyst Gautam Pillai reiterated his ‘hold’ recommendation and target price of 300p on the identity verification and fraud prevention group, which advanced 7% to 225.4p last week, but are still 30% down so far this year.

First-year revenue growth of 1.8% was ‘slightly soft’ but Pillai was ‘encouraged by early signs of revenue stabilisation in the identity segment, which is 55% of revenues’.

The group cut its operational expenditure by £6m and ‘cost rationalisation provides management confidence to meet full-year adjusted earnings before interest and tax expectations’.

‘We believe GB Group shares re-rating is contingent on growth reaccelerating,̵7; said Pillai.

However, the analyst thinks the ‘comprehensive product portfolio, blue-chip client base and solid cash generation’ mean it is at an ‘attractive valuation’ of 9x current year enterprise value/earnings before interest, taxes, deprecation and amortisation."

I wonder if so many folk piling into cash and bonds is an initial sign of give up type mentality out there. It is still very hard to go on the attack right now, more a defensive waiting game until the trends change and the good times come...EDIT that....the better times come...it is not like rates are just going to fall away back down so I doubt most of the valuations will go back to the extravagant highs in the more normalised rate environment, but if they are beaten down enough, and with so many single digit pe's out there, should still be a fair chunk of bullish upside.

But an interesting one here that caught the eye.

All imo
DYOR
Posted at 20/7/2023 06:16 by hotfinance14
2023 AGM Statement



GBG (AIM: GBG), the experts in digital location, identity verification and fraud prevention software, will hold its Annual General Meeting ("AGM") today at 10am at its registered office in Chester, UK. Shareholders are invited to attend the meeting in person to engage and share views with the Board of Directors.



At the AGM, Richard Longdon, Non-Executive Chair, will make the following statement:

"As reported in our full-year results announcement on 15 June 2023, FY23 was a year of continued strategic progress as GBG reported its highest-ever revenue and adjusted operating profit, supported by contributions from the businesses acquired in the previous year alongside strong delivery in Location and Fraud. Group revenue and profit in FY23 was lower than expected at the start of the year, largely due to significant macro uncertainty and challenging post-pandemic conditions in certain end markets, primarily impacting our identity business in the Americas.

While there has been no material change in market conditions, we continue to expect some gradual revenue acceleration in the latter part of the year and to achieve our FY24 profit and cash generation expectations assisted by a group-wide focus on efficiency. We remain focused on cash generation and repayment of debt and are pleased with the improvement in our current net debt position to £90.9 million, prior to the payment of the final dividend, which is subject to shareholder approval at today's meeting.

Looking to the future, the Board is confident GBG is well-placed to benefit from attractive structural growth in our markets. The increasing proliferation and sophistication of fraud through the advent of generative AI reinforces the need for customers to adopt multi-layered identity solutions. This presents a long runway of opportunity for GBG to capitalise on the breadth of its capabilities and global reach.

Our next scheduled trading update will be the pre-close trading statement in mid-October 2023."

ALL positive and the debt lowering significantly.
Posted at 08/9/2022 14:57 by seanyboy
It is a hard one to call how the share price will shape up with the deadline offer date still a few weeks away. No doubt if offer was removed share price would tank - to where depending on market conditions but lest we forget the share price was hovering at around 430p just around two weeks ago! I am loathe to sell any of my GBG shares but I did just that ie approx 33% of my substantial holding. It was hard not too with such a sudden acceleration in the share price & with the daily doom & gloom in the broader depressed market. Plus I needed some cash flow for travels. However I am confident that over time GBG will keep on accelerating - offer or no offers - and that they remain a solid growth stock!
Posted at 06/9/2022 17:10 by marktime1231
Yes it feels too soon to see the benefit of GB Group's bold acquisition in to the US market, but I guess the slide in cable means the GBG share price looks dirt cheap if it already wasn't.

And yes I am in to this up to £9+ when some of the insiders sold off, so it had better be a great offer, clock ticking to 4 Oct. (edit - no, actually my highest price was a rebuy at 850p having sliced some at 940p.)

No I can't find any press speculation, this is GTCR's stable ...



Funnily enough I was feeling grumpy last week that none of my speculative stakes had enjoyed a boost from a take out; oh well.

Worth a speculative add or should we wait and see?
Gb share price data is direct from the London Stock Exchange

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