Gb Share Discussion Threads

[melody9999] 23/4/2024 12:13

the rns references 9 analysts. Can anyone share any updates that any of them have put out today. I subscribe to Research Tree who cover 7 of the analysts but they only provide info to institutions. Unfair playing field.

[marktime1231] 23/4/2024 12:04

A very positive response to what, according to the precise rns, was pretty close to in line with forecasts. The good news is that growth has picked up and is expected to continue, and capping costs is boosting the bottom line.

Still a long way off where we once were though, and it is hard to imagine a bid would take us back to the highs of 2020. Heads down and deliver then.

[wolansm] 23/4/2024 11:06

If memory serves me this went up even more in the past it was either 60p or 80p

[wolansm] 23/4/2024 11:04

I'm not for a buy out here, but if it did occur would hoover it up. This market can only get better...... but GBG no more stupid takeovers please as that was the killer blow

[kemche] 23/4/2024 10:53

Looks good. Buyout cannot be far.

[brucie5] 23/4/2024 10:00

This looks to be back in full bull mode; not sure whether it's more indicative of the business or the market, which has hitherto been ignoring good news and punishing the bad. Recently there have been a slew of large >10% moves of shares I hold, largely with oversold, div paying characteristics such as CLIG, PAY, & POLR. GBG is obviously a share 'in recovery', which many will be seeing in terms of any possible retracement of the glory days when it went up to £9. Does/can history repeat in this case?

[melody9999] 23/4/2024 09:40

edison ceased coverage...part of cost cutting I guess

[seanyboy] 23/4/2024 08:50

I would hope that positive updates like todays and regaining some stability would eventually entice a suitable bid

[hotfinance14] 23/4/2024 08:45

Edison should give us an update soon.

[gucci] 23/4/2024 08:36

any broker notes today

[everton448] 23/4/2024 08:16

Very positive reception by the market

[hotfinance14] 23/4/2024 07:12

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.

[faz] 23/4/2024 07:12

I think thats a very good update

[hotfinance14] 25/3/2024 06:18

Trading update 23rd April 2024.

[lomax99] 18/3/2024 08:52

Adding on the recent retrace.

[marktime1231] 08/3/2024 16:45

So about 5% of the stock just changed hands, unusual thing to do as open market trading. What is going on I wonder, rns to follow no doubt.

[hotfinance14] 08/3/2024 16:18

Just spotted them,About 11 trades totalling 12m just after 10am all at 260p.

[aishah] 08/3/2024 16:10

Probably movement of holdings from one II to another. Quite a few major holders over 7m.

[hotfinance14] 08/3/2024 16:01

Jeez...was there one large trade and what amount ? I assume it must be a Institutional Investor.

[se81] 08/3/2024 10:37

Massive volume just gone through- highest in its entire history- hopefully a change in the short term trend

[hotfinance14] 12/2/2024 08:21

If you email our CFO i am sure he will explain it.He has always replied to my queries.
Email address is on the website.

[marktime1231] 09/2/2024 11:56

That may explain some of my confusion but I haven't seen where the board were outlooking for revenue growth skewed so heavily to H2. The modest 8% growth in H2 is not my figure, I read it somewhere in a board statement or an analyst report.

Even if revenue does jump like that I still do not understand how a consensus adj op profit of £60M translates to an adj eps of 15p.

[expleaseme] 08/2/2024 16:43

Hey MarktimeNot certain if this will help but GBG's performance is not linear. Turnover is heavily skewed to last half (more specifically last quarter). This might explain the £10m difference in your calcs. Previous years, the split on total revenue between H1 and H2 has been circa 45% : 55%.The last quarter performance hockey stick effect is (if I remember correctly) a very historic issue linked to large public sector accounts renewing in the March month.

[expleaseme] 08/2/2024 09:59

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

[marktime1231] 03/2/2024 09:55

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?