Gb Share Discussion Threads

[hotfinance14] 08/11/2016 09:11

This big fall in the share price is not justified in any way as far as I can see.

[stampylong trader] 07/11/2016 18:20

Tesco bank hack should have held the tide back, but maybe it's not the right time yet for the sector to come alight.

[wolansm] 07/11/2016 16:13

Stubbornly sold a few Friday to fund something else. Still hold a lot and not selling,

My reasons the volumes over the last few weeks isn't massive someone wants these tightly held shares, Think what the top dogs in the company have lost I have held and waited a decade and will wait another.

[ettienne1951] 07/11/2016 16:04

I suspect shorting and triggered stops after the rapid climb to 350p on no significant news. The ID Scan purchase should have already been factored in.
Am sticking with it. It's a sound tech company, profitable, cash generative and dividend paying. The CEO designate is from Experion and knows industry very well and GBG's potential within it.

[zedman_1] 07/11/2016 15:53

Surely the company should issue a statement?

[thuja2] 07/11/2016 15:41

there seem to be a lot more buys and no big sells, is there some manipulation going on ?

[liam1om] 07/11/2016 15:28

Been tracking this since the recent Gov news. Currently down 10% today and I can't find any reason for the drop. Anyone have any ideas?

[alphabeta4] 03/11/2016 16:21

Robbie Burns still holding:

GB Group (GBG) shares tumbled - but it wasn't a warning - a slowdown in one division that wasn't going to affect profits much. I sold off the top up shares taking a loss of £588 and then bought some back at a lower price and I also held onto the ones bought under a quid (first lot at 20p).

The next statement should shed more light. These things happen: no-one will ever get away without one or two letting you down however careful you might be. If this is a blip, the shares have some good upside to come from here. I think they also might make a nice bid target at this lower price.

[mfhmfh] 01/11/2016 17:46

Below article by Russ Mould, investment director at AJ Bell (scroll towards bottom of article):

[thuja2] 31/10/2016 23:33

Too many stop losses being hit, and possibly some manipulation, is it possible that it could be on the take over list somewhere?

[dinglerob] 28/10/2016 10:37

The only negative news in the half-year announcement was around the take-up of the GOV.UK Verify service. I suspect this may have previously been factored into the share price in terms of business growth over the next 12 months. The government is working extremely hard to bring on other services that use GOV.UK Verify
and are also in discussions with the banks about possibly using these identity services. The next few months will be very telling.

[wolansm] 28/10/2016 10:01

After the current demand has been satisfied at a price the mm have been given to supply there mates this will be allowed to go back up. Might take a while as these seem tightly held and as cash avail I will keep buying anybody else have this view

[wildshot] 27/10/2016 13:06

Today's Shares magazine says GBG has been oversold and has a buy rating on them. FinnCap have a price target of 350p.

[alphabeta4] 25/10/2016 20:24

Indeed - 278 looks a good short term target IMHO

[hotfinance14] 25/10/2016 15:33

The recovery has begun.

[wolansm] 24/10/2016 13:48

I've read and read again the pre close statement and what is there not to like, I just don't get the drop at all, say it had settled at £3 then ok £2.9 ok but to keep going, This just feels not right..... And who is mopping up all the buys......

Time will tell, personally have added as was a seller above £3 not that I sold much.

Good luck all

[alphabeta4] 24/10/2016 10:37

Massive 554869 trade just gone through at £2.40 (10.26am). Is this the end of the selling? LV2 currently has nothing after 242 until 248.

[mfhmfh] 24/10/2016 09:46

even NCC is up today

[geoff21] 24/10/2016 09:26

Let the bounce back begin!

[mfhmfh] 21/10/2016 17:57

on HL website states finncap re-iterate buy with a target price of 350p dated 20.10.16.

as someone far wiser than me said on this BB yesterday: what would have happened if the RNS stated a profit warning?

NCC, LRD, HAYT - all issued a profit warning and share price reacted accordingly.

[davr0s] 21/10/2016 17:39

Markets decided it's gone ex growth imo (well at least a growth assumption that was baked into the price). Quality company but all trends roll over at some point (even if it's still growing eps). It may well bounce from here but I think the days of ever upwards pricing are probably past for the time being (though it could of course get bought out at some point). I got stopped out yesterday at the open and plan to remain on the sidelines

[ettienne1951] 21/10/2016 17:18

This is getting beyond the pale. The share price has fallen 30% in two days on what news? The directors have advised about two points 1) The published results for H1 to Sep 30 will accord with market expectations and 2) Revenue lagged a little due to a delay with the Gov UK Verify project, going live. Presumably, the 7 other service providers to the project were similarly affected? In fact the delay from Beta testing to live implementation was a couple of months and it went live in May I believe.

Now I'm guessing that the UK Gov contract is fixed price based on certain milestones, with either rental of Citizensafe charged periodically and / or on a unit verified basis. The question arises did that delay represent 30% of so of GBG's revenue and profit? Surely nothing like it or am I missing something?

The ID Scan acquisition was only announced end June and was unlikely to have been completed until late July. At best, there might be £0.5m ID Scan revenue consolidated but the 'exceptional' (fundraising) cost of acquiring ID Scan by GBG would have more than set off its consolidated operating profit.

All in all, this share has been significantly oversold imo, and hopefully, the directors will put out an RNS (that they know of no reason etc) to assuage investors' concerns.

[seanyboy] 21/10/2016 16:07

hard to say where the next entry point will be - it's been such a ride on this stock and and this is it's first big tumble in a long time! I get the feeling it will continue south - today's trading proves that our beloved gbg has fell out of favour. Every dog has its day!