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GBG Gb Group Plc

344.00
-2.40 (-0.69%)
26 Jul 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
  -2.40 -0.69% 344.00 1,651,570 16:35:23
Bid Price Offer Price High Price Low Price Open Price
345.60 347.20 350.60 339.80 339.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 277.33M -48.58M -0.1923 -18.04 875.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 108,467 344.00 GBX

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Date Time Title Posts
26/7/202407:17GB Group in massive tie up with BT.8,314
05/12/201306:45G B Group1
04/4/201208:20GB Group2
05/5/201117:56Great 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
2024-07-26 15:35:23344.00108,467373,126.48UT
2024-07-26 15:29:15344.80290,6301,002,092.24O
2024-07-26 15:29:11344.80290,6291,002,088.79O
2024-07-26 15:29:03347.00105364.35AT
2024-07-26 15:26:01346.6082284.21AT

Gb (GBG) Top Chat Posts

Top Posts
Posted at 27/7/2024 09:20 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 346.40p.
Gb currently has 252,601,450 shares in issue. The market capitalisation of Gb is £876,527,032.
Gb has a price to earnings ratio (PE ratio) of -18.04.
This morning GBG shares opened at 339.80p
Posted at 26/7/2024 07:17 by hotfinance14
Revolut has secured a UK banking licence – with ‘restrictions’ – more than three years after Britain’s most valuable fintech firm lodged its application with regulators.

GBG has a contract with Revolut i recall.
Posted at 23/7/2024 07:14 by hotfinance14
2024 AGM Statement



GB Group plc, (AIM: GBG), the leading experts in global identity and location software, will hold its Annual General Meeting ("AGM") today at 09:30 am BST at its offices in London.

Ahead of the formal business of the AGM, Richard Longdon, Non-Executive Chair, will make the following statement:



"As reported in our full-year results announcement on 11 June 2024, FY24 was a year of strong strategic progress and improving operational efficiency for GBG.

Group revenue of £277.3 million was driven by accelerated growth in Identity during the fourth quarter as anticipated, and adjusted operating profit was ahead of market expectations. This reflects the excellent progress achieved in FY24 to reduce our complexity, with £10 million of annualised cost savings delivered that will benefit the business over the long term.

Our focus on simplicity and cost-effectiveness has enabled investment in product innovation to enhance our leadership in the identity fraud and location intelligence markets. We are driving greater collaboration and global alignment to more effectively leverage our scale and expertise, with the improving performance of our Americas Identity business achieved by strengthening our go-to-market, sales enablement and product capability in that region.

Further to the update provided in the FY24 results announcement, the Board is pleased to report that GBG has continued to trade in line with our expectations in the first quarter as the improved momentum in Identity and resilient growth in Location continued from the final quarter of FY24.

We continue to expect mid-single-digit revenue growth on a constant currency basis in FY25, which will lead to high single-digit growth in adjusted operating profit, given the operational efficiency gains achieved in FY24. Identity and Location will drive our revenue growth in FY25 while our Fraud segment, as previously noted, is expected to report a revenue decline in the first half of the year given the timing of software license renewals, before returning to year-on-year growth in the second half.

As we look to the longer term, the Board remains confident that GBG's strong competitive differentiation will continue to underpin our leadership positions across the markets we serve. The technological capabilities we have built and our highly repeatable business model will enable us to capitalise upon the significant growth opportunities ahead to deliver significant and enduring shareholder value.

Our next scheduled trading update will be the half-year pre-close trading update in mid-October 2024."
Posted at 01/7/2024 12:22 by hotfinance14
Yes excellent news.Dev showed real pasion for the ompany at the recent presentation.

The Company announces that it received notification on Friday 28 June 2024 that Dev Dhiman, Chief Executive Officer, purchased 20,000 Ordinary shares of 2.5 pence each in GBG ("Ordinary Shares"). Following the purchase of shares Dev Dhiman has a beneficial holding of 20,000 Ordinary shares (which represents 0.01% of the issued share capital of the Company).
Posted at 12/6/2024 07:19 by melody9999
JEFFERIES RAISES GB GROUP PRICE TARGET TO 395 (370) PENCE - 'BUY'

Makes the share price action yesterday difficult to understand. Buying opportunity?
Posted at 11/6/2024 22:44 by seanyboy
Think many thought even if it took a while that todays news was already more than priced in to the share price and now it could conceivably test the 300p again Its still a long way back for GBG despite recent progress and always that carrot of a bid so unlikely to fall too far south
Posted at 09/6/2024 07:35 by hotfinance14
FY24 results this Tuesday. I am hoping for a modest increase in the dividend and a very positive outlook statement.

If a bid came in i think it would have to be over £7 for GBG to consider it. They know the current share price is vastly undervalued.
Posted at 23/4/2024 07:12 by hotfinance14
Very positive trading update and good to see net debt falling significantly.

GB GROUP PLC

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



FY24 trading update



Strong finish to the year with adjusted operating profit above expectations



GB Group plc, (AIM: GBG), the experts in global identity and location software, today provides an update on trading for the financial year ended 31 March 2024.



The Board is pleased with the Group's performance in FY24. The Group expects to report revenue of £277.3 million, driven by growth accelerating in Identity during the fourth quarter as anticipated. Adjusted operating profit¹ is expected to be slightly ahead of the top end of current analyst expectations², reflecting the excellent progress achieved throughout the year to drive simplification and cost-effectiveness in our business.



· We expect to report revenue of approximately £277.3 million, representing growth of c.2.7% on a constant currency basis.



· As anticipated, improved fourth-quarter growth of approximately 5.0% on a constant currency basis was primarily driven by an acceleration in Identity, as a result of improving trends in the Americas and EMEA. Growth in Location remained solid, while growth in sales of software licenses in Fraud slowed following two years of higher growth.



· Expected adjusted operating profit of approximately £61.2 million is slightly above the top end of current analyst expectations², driven by a focus on simplification and cost-effectiveness delivering £10 million of annualised savings. This would represent year-on-year growth in adjusted operating profit of approximately 8.0%, excluding the £3 million foreign exchange gain in the prior year.



· Strong cash generation in the second half has reduced net debt to around £81 million, which was better than current analyst expectations².



· Looking to FY25, the Group expects mid-single-digit revenue growth on a constant currency basis, which will drive high single-digit growth in adjusted operating profit, as a result of the operational efficiency gains achieved in FY24.



Dev Dhiman, CEO, commented:



"I am proud of our achievements during FY24 reflecting the focus and effort of the entire GBG team. While continuing to support our customers around the world, we have also improved our ability to drive profitable growth by driving simplification throughout the business.



We have begun the new financial year with good operational momentum, and our confidence in FY25 is underpinned by the Group's strong fourth-quarter performance. By prioritising competitive differentiation and a high-performance culture, we will ensure GBG capitalises on the exciting market opportunity presented by an increasingly digital world."



Notice of results



GBG expects to report full-year results on Tuesday, 11 June 2024.
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 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 06/9/2022 18:10 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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