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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gb Group Plc | GBG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.80 | 1.85% | 319.00 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 320.00 | 309.60 | 320.20 | 319.00 | 313.20 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 09/5/2024 13:09 by slimjim1 Thanks Cambium, do you have a link to that note?Last note i found was - Liberum: GB Group in a more stable position GB Group (GBG) is vulnerable to an approach, but Liberum says investors should buy the identify verification and fraud prevention company for the rerating. Analyst Andrew Ripper retained his ‘buy’ recommendation and target price of 415p on the stock, which climbed 17% to 302p on Tuesday after the year-end trading update confirmed the company had ‘stabilised after the dilutive acquisition of Acuant and two years of earnings per share downgrades’. ‘Trading and guidance support our view that organic growth should accelerate in full-year 2025 to 5%, cashflow is strong and we have raised our full-year 2025 profit estimates by 1.5%,’ said Ripper. The Entrust approach for GB Group’s peer Onfido at five times sales is almost twice the multiple of GB Group’s and ‘highlights the value [in the latter] and is the first indication of a return to corporate activity in a sector where GB Group still looks vulnerable to an approach’. |
Posted at 08/3/2024 16:01 by hotfinance14 Jeez...was there one large trade and what amount ? I assume it must be a Institutional Investor. |
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 02/2/2024 12:52 by skanking The market expectations are found in the investor section on the website ((Analyst Coverage & estimates). The median EPS for the 9 analysts covering GBG is 14.8 for FY24 and 17.1 for FY25.It will be interesting to see how the new CEO moves things on. It seems that there's a line under the unfortunate acquisition of Acuant as most of the senior execs involved have been moved on |
Posted at 24/9/2023 13:13 by lomax99 GB Group, which makes fraud prevention software, promises to "help your business build online customer relationships based on trust". Yet investors in the company, which carries out identity and location checks for online shopping and financial transactions, might be running out of faith.The technology company's stock has been mauled over the past 12 months. GB briefly attracted American bidders last year: private equity group GTCR expressed interest in a possible cash offer in September, before walking away a month later. That helped it trade above 600p last September, having been at 440p before the takeover talk ignited. Now the stock is changing hands at just 218p. Reasons for Aim-listed GB's decline clearly go beyond the withdrawal of the takeover: rises in interest rates and a weaker pound hurt its finances, and growth has been disappointing.GB rode the wave of the boom in interest in both cryptocurrency and online shopping during the pandemic, which led to more demand for its identity checks and fraud prevention software. But when interest waned, GB was hurt, too. It fell to a £118 million loss for the year to April from a £22 million profit a year earlier, mostly due to a huge write-down in the value of two acquisitions in the US. Partly in response to this, investors rejected a board pay deal earlier this year.However, GB, which processes some 210 million transactions each day for customers including Volvo, Barclays, IBM, HSBC and Lego, is in a structural sweetspot. Demand for its services looks set to rise alongside the proliferation of sophisticated fraud.Gross margin has remained a steady 71 per cent over the past two years, and Charles Brennan, analyst at Jefferies, concludes "that the slowdown in growth at GB is more cyclical than structural. For the patient, improving growth should be rewarded with a material re-rating."The stock is trading on a price to earnings ratio of 13, while its larger rival, Experian, changes hands at 23 times price to earnings.GB has transformed since it launched in 1989 as a business that checked customers' names and addresses for catalogue shopping companies, and its relevance now looks unparalleled.There remains a chance of a takeover bid at GB from a different private equity firm or a software giant. "While the costs of financing have increased, PE firms are still active and have equity to deploy. There is nothing in the [GB] share price for this," says Andrew Ripper, analyst at Liberum. Buy. |
Posted at 17/7/2023 18:49 by expleaseme From the annual report and accounts to March 2023 I can see that options over 354k shares to the CEO (issued in prior years) lapsed as the EPS growth and TSR target were not fully achieved. I would suggest that the option awards outstanding over a further 400k options (share match award scheme) will probably be adversely affected by performance to date and will also lapse.FYI - Performance criteria for the Share Match Plan are set out below and have been the same/similar for a number of years. Not saying this excuses the current awards and performance but might explain that the CEO has lost out as he used his bonus in prior years to buy shares at market rates in order to get the share match awards - he's lost not only his investment in GBG shares (would have purchased between £4-£8 per share) but also the loss of the option awards. Remco thinking is always to take action to incentivise and consider what has been lost and see if this can be made up in some way. I would also suggest that the Remco chair would have met with major investors to check and balance the award rationale with them in order to avoid potential vote against the RemCo report at the current AGM. Share Match Award Criteria (Page 88 of the 2023 Annual Report): The share matching awards were subject to a three-year adjusted EPS compound annual growth performance condition with vesting. 75% of the share matching awards were subject to a three-year adjusted EPS compound annual growth performance condition and 25% to TSR vesting requirements. The EPS element vested on a sliding scale from 25% if 8% EPS CAGR is achieved over three consecutive financial years with full vesting being applied where a level of 15% EPS CAGR is achieved. In terms of the portion of the award subject to the TSR measure, 25% of the award vests at median performance against the peer group (FTSE 250) and 100% of award vests at upper quartile, i.e. the 75th percentile. At the time of this report, based on GBG’s EPS performance and TSR, neither award has vested. |
Posted at 14/7/2023 10:39 by seanyboy Hopefully the AGM and Trading update will be the beginning of a NEW positive era for GBG - it's been too long since we had those positive vibes! At 250p that for me is quite enticing for new or even previous investors |
Posted at 10/2/2023 06:22 by seanyboy What I mean is the days of ONLY positive news flow from GBG is a distant memory. Any new investors will do so in the hope of another bid but that is foolish and desperate investing. I still have substantial holding in this stock but where it is going right now would not have a clue |
Posted at 02/12/2022 06:09 by seanyboy Just read that report thx for the link! Have to say I cannot see investors being in any hurry to invest! There is of course potential but will that be enough to underpin the current SP? The ace in the hole of another bid as suggested in an earlier post is a bit desperate - they really need to be announcing MAJOR new clients/partners for any near-term move north! IMHO |
Posted at 29/11/2022 18:41 by marktime1231 Weak growth on a constant currency basis, and repeated reference to headwinds from a stuttering crypto market? Continuing to write down the intangible premium in the price paid for Acuant? A drop in margin? Where are the synergy savings? No longer eradicating net debt at the phenomenal rate we got used to? Nothing like the super upbeat outlook we usually get?These numbers do not deserve GBG to be trading at any higher. I can see lots of reasons why the pre-emptive 5% drop in share price was followed by another 5% drop today. The headline trading figures did not reveal the crummy bottom line. All pretty disappointing, no wonder the prospective bids came to nought. Trading at about a 50% discount to the 725p the market coughed up to buy Acuant. How many investment managers who decided to participate will be in line for a bumper bonus, how many private investors nursing huge losses share the "looks good to me" view? |
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