Gb Share Discussion Threads

[alphabeta4] 20/10/2016 08:50

Price action this morning looks a bit of an overreaction. The statement implies the organic of 9% compared with c14% normally should return to normal as the rollout continues. The price is now off 22% from the high for a company which has just announced an update in line with expectations?!

Added a few at £2.77, only had a small position and from a chart level looks a good risk:reward IMHO.

[wildchild] 20/10/2016 08:41

Anyone know whats caused this today ?

[broadwood] 20/10/2016 07:29

- GB Group, the identity data intelligence specialist, expects to report profits for the 6 months ended 30 September in line with expectations, with an adjusted operating profit of at least £5.0 million (2015: £4.5 million), an increase of over 11% on last year.

GBG says trading during the first six months of the year has been robust with revenue of £37.5 million which represents year-on-year growth of approximately 16%.

Organic growth was approximately 9% which would have been higher but for the roll out the GOV.UK Verify project across central Government departments being slower than originally forecast by GDS (the Government Digital Service).

An update says: "The market opportunities for our identity data intelligence products remain compelling and we are well positioned to take advantage of them. The Board remains confident in the outlook for the full year."

Chief executive Richard Law added: "I am pleased with the performance of GBG in the year to date. IDscan Biometrics, acquired in June of this year, has settled in well; we continue to expand our business internationally; and we remain very positive about the future prospects for the Group.

"I am pleased that GBG has managed to secure the appointment of Chris Clark as its new CEO, who will join us in April 2017.

"I'm very proud of the substantial international business that the GBG Team has built during my time as CEO and I'm confident that Chris will continue the strong progress made to date and lead the Group to its next stage of growth and advancement. I will continue as CEO until Chris's arrival."

[ettienne1951] 14/10/2016 07:26

GBG announced yesterday that Chris Clark is to become its new CEO effective 1st April 2017. He replaces Richard Law who announced a while ago, that he was stepping down, and the interim period will facilitate an orderly handover.

Clark comes from Experion, a major big league competitor of GBG, so has extensive experience of its market.

Hopefully, investors will be updated about H1 trading in a pre-close statement before the month is out.

Interesting graph - head and shoulder pattern tends to repeat but long term trend is very encouraging.

[mfhmfh] 13/10/2016 10:41

update as 20th October last year, so maybe next week

[hotfinance14] 13/10/2016 09:04

Trading statement must be due any time now.

[wolansm] 13/10/2016 07:31

Great news, a good fit should move a little on this.

[hotfinance14] 03/10/2016 09:13

Trading statement in the next two weeks.

[davr0s] 03/10/2016 08:29

Don't get too carried away - wide spread at open and the sell price still 135 and not a great deal of volume. Let's see where it is mid morning

[gswredland] 21/9/2016 17:33

Interesting Mike

[hotfinance14] 21/9/2016 09:07

Fantastic news Mike...let them keep investing.

[mike-green] 21/9/2016 05:43

I believe that the recent rise has been fuelled by investors in ARM Holdings looking to reinvest their cash in UK IT sector.

[hotfinance14] 20/9/2016 20:13

The GBG board must even be surprieed by the huge share price rise in the last week.

[hotfinance14] 20/9/2016 14:15

We are now about to test 350p..woosh.

[hotfinance14] 20/9/2016 09:48

High volume this morning.

[ettienne1951] 19/9/2016 17:31

Citigroup initiated analysis on 13th Sep, when share price was 315p, with a buy rec and target price of 400p (27% upside). The share price is now in all time high territory.

[hotfinance14] 19/9/2016 14:09

At the rate this is going we could see 350p this week.

[wolansm] 19/9/2016 13:06

Hi ho, hi ho, hi hooooooooooooooo hi ho hiho9oooooooooo

[hotfinance14] 19/9/2016 12:57

Now at 345p...woosh.

[hotfinance14] 19/9/2016 12:40

Very nice..at 340p now..staggering last week or so.

[wolansm] 19/9/2016 12:39

Fantasticooooooooooooo

[gswredland] 19/9/2016 12:28

Nice breakout!

[hotfinance14] 19/9/2016 11:34

I can now see the share price hitting 350p before the trading statement next month.

[hotfinance14] 17/9/2016 09:37

GBG is expected to be a £1bn capital company in the future..thsts sn share price around £7.