Gb Dividends - GBG

Gb Dividends - GBG

Trade Now

Capital at risk Advertisement
Stock Name Stock Symbol Market Stock Type
Gb Group Plc GBG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-9.50 -1.86% 502.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
510.00 502.00 514.50 502.00 511.50
more quote information »
Industry Sector

Gb GBG Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

marktime1231: Macro trading headwinds offset by favourable exchange rate movement. So FY23 expected to be in line with expectation. Can anyone remember what that is? A quick check back to FY22 report and it forward guides 10.5% revenue growth to £265-270M with a gross margin of about 25%. A shame we didn't an AGM update on net debt which is a good test of how things are going. If GBG is truly performing to plan then the share price looks seriously cheap, except that forex gains are no substitute for real business growth. Are we ready for an uprating, maybe on the tails of a recovery in US tech outlook because the Fed mumbled it might not keep raising interest rates forever?
seanyboy: Only time will tell with regards recent acquisitions - it's not unusual for some SH pain at such a time - that plus the wider market going south! I personally think the mark-down was overdone but I also accept that any neg news from GBG would make any recovery a long time away! Dividends? With a stock like GBG? Never heard that issue mentioned when investors were banking 10-baggers! Ahh now we have a little turbulence & folk want a parachute! No! You can't have your cake & eat it! Alas! The trials & tribulations of the stockmarket? Don't you just love it!
seanyboy: Very rarely their statements are anything but positive - really they have done little wrong - ever! However their recent expansion & heavy investment has taken it's toll on the SP! If this outlay bears fruit then Longer-term or even medium-term (depending on market conditions) GBG will regain its mojo - hopefully upcoming trading statement will give reassurance on all fronts!
hotfinance14: We have the GBG AGM next week which will include a trading update. I am expectng this to be very positive.
seanyboy: Signs of life again @ GBG but directly related to the recent broader market improvement. Still, even at today's price surely someone out there must be considering a bid? It's been a long & successful journey for GBG but I feel the time is ripe for change.
marktime1231: The ability of GBG to generate cash to repay the loans driving its growth is phenomenal. Not just paying off $40M, but doing so in the 5 months after first drawing the loan. The credit rating must be excellent. Too early still to know how successful the big Acuant acquisition is going to be, but signs are that it is delivering its expensive promise, confirmed by financials slightly ahead of expectation. Phew, a welcome leg up. Well done GBG. I wonder if the commentators who started to have doubts will be rerating, GBG might be back in the tipster columns this weekend.
hotfinance14: Another acquisition : GB GROUP PLC ("GBG", the "Group" or the "Company") Acquisition of Verifi Identity Services Limited (commonly known as "Cloudcheck") GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has acquired Cloudcheck, a leading provider of electronic Identity Verification (IDV), and Anti-Money Laundering (AML) solutions in New Zealand. The upfront consideration payable to the vendors of Cloudcheck is NZ$20 million (approximately £10 million) comprising of an NZ$12 million cash payment and the issuance of NZ$8 million of shares in GBG based on a 30-day volume weighted average share price (equal to approximately £4 million or exactly 580,768 shares) . Contingent upon Cloudcheck's revenue growth, a payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2023. Furthermore, contingent upon Cloudcheck's revenue growth, an additional payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2024. Acquisition Highlights · Founded in 2012, Cloudcheck is a leading provider of electronic Identity Verification, and Anti-Money Laundering solutions in New Zealand. · Cloudcheck's Software-as-a-Service revenue model is based on an annual subscription fee plus volume-based usage fee. · The acquisition provides customer upsell opportunities for GBG's global identity data and adjacent Compliance and Fraud Solutions. · In the year to 31 March 2022, Cloudcheck is expected to generate approximately NZ$5 million revenue and NZ$2 million EBITDA respectively. · Before synergies, the acquisition is expected to be immediately enhancing to GBG's overall revenue growth rate, operating margins and earnings per share. Chris Clark, CEO, commented: " We are delighted with the acquisition of Cloudcheck. It has established a market leadership position in New Zealand's electronic IDV market by closely understanding local customer needs and delivering a strong technology-led solution. This acquisition follows GBG's proven model for global identity services: combining our internationally sourced data and expertise with locally relevant capability. The Cloudcheck platform will be able to consume GBG's international data and create an opportunity for our New Zealand customers to benefit from the breadth of other identity and anti-fraud services we can provide. Cloudcheck will also complement GBG's successful approach to its identity strategy in Australasia - providing experienced local presence and best-of-breed domestic product to our customers. " This announcement assumes an NZ$: GBP exchange rate of NZ$2.0462 : £1.0000.
hotfinance14: Huge...highlights : (the "Company" and together with its subsidiary undertakings "GBG" or the "Group") Proposed Acquisition of Acuant Intermediate Holding Corp ("Acuant") and Proposed placing and retail offer of new ordinary shares to raise up to £305 million GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has conditionally agreed to acquire the entire issued and to be issued share capital of Acuant (the "Acquisition"), a leading US Identity Verification and Identity Fraud prevention business, for a cash free, debt free enterprise value of $736 million (c.£547 million). The Acquisition brings together two of the leaders in the global digital identity market, with combined revenue of c.£265 million. Strategic Rationale · Combination creates a global leader in Identity Verification and Identity Fraud prevention · Materially increases GBG's US presence and primes the enlarged group for accelerated global expansion · Complementary customer base provides the enlarged Group with significant cross-selling opportunities and customer vertical diversification · Accelerates GBG's data, product and platform strategy by approximately two years · Highly additive in terms of scarce, high-quality talent with combination underpinned by long-standing commercial relationship, shared vision and culture · Entirely consistent with GBG's long term strategy for global growth Financial Highlights · Acuant is a fast-growing, profitable and cash generative business which is strategically aligned with GBG and is expected to enhance the enlarged Group's revenue growth while maintaining its robust margin profile · For the twelve months ended 30 September 2021 Acuant generated $58.1 million in revenue, an increase of 22% on the year to 30 September 2020, with the business continuing to trade strongly on a like-for-like basis since September · Over the medium term Acuant is expected to grow annual revenue at c.25% driven by its higher rate of growth in subscription revenue · Acuant achieved LTM adjusted operating profit to 31 July 2021 of $11.4 million1, representing a 20% margin · With synergies the Acquisition is expected to deliver incremental operating profit of approximately £5 million in the financial year ending 31 March 2023 · Acuant is highly cash generative with cash conversion c.100% and negative net working capital · The Acquisition is expected to be earnings neutral in FY23 (post-synergies), Acuant's first full year under GBG ownership, and to be accretive thereafter Earnings neutral in FY23.Can somebody clarify the meaning of that statement ?
hotfinance14: GB GROUP PLC ("GBG", the "Group" or the "Company") Directorate Change Further to the announcement of 28 January 2021, GBG is pleased to confirm that David Ward has today formally taken up his Board position as CFO. David replaces Dave Wilson who, as part of the CFO succession plan, has now stepped down from the Board. David Rasche, Chairman of GBG, said: "Dave has been an invaluable member of the GBG team during a period of significant change for the Group, both in his careful management of our financial position and his valued insight into our growth strategy. On behalf of the Board I would like to thank Dave for his significant contribution over the past 12 years and we wish him all the very best for the future. I would also like to welcome David Ward to the Board. David brings a wealth of valuable experience, is a great fit for the business and the Board very much look forward to working with him as we continue to grow GBG." Dave Wilson, outgoing CFO & COO of GBG, said: "It has been a privilege to work with past and present team members, who are the essence of such a great business. My 12 years at GBG has been fun and rewarding, which has given me many proud moments. It is the right time for me to move to non-executive roles and I thank the Board, our team, advisors and the investment community for their support over the years." David Ward, incoming CFO added: "I am delighted to be joining GBG at such an exciting time. I am really looking forward to working with Chris, the Board and the whole team to ensure the continued success of GBG."
hotfinance14: Succession Plan for CFO GBG is pleased to announce the appointment of David Mathew Ward to its Board as its new CFO, replacing Dave John Wilson, who is stepping down from the Board and retiring as CFO and COO after 12 years. It is anticipated that David Ward will join GBG on 17th May 2021, with Dave Wilson leaving at the end of June thereby providing sufficient time to complete an orderly handover. The Board would like to thank Dave Wilson for his significant contribution to the growth and success of GBG during his time as CFO. During Dave's tenure at GBG the Group has evolved from a small UK operation to a truly international business with over 65% of revenue generated outside the UK (as per 6 months ended 30 Sept 2020), customers in over 70 countries and team members in 16 countries. Over the same period, GBG has increased its market capitalisation more than 100x, from c. £14.2m in April 2009 to c. £1.7bn today. David Ward is a highly experienced, successful and well-regarded business leader who has spent the last 10 years with AVEVA Group plc ('AVEVA'), the FTSE 100 global software group. Prior to the merger with the software business of Schneider Electric, David was CFO, subsequently becoming Finance Director & Company Secretary of the enlarged group. During his time with AVEVA, the company has scaled financially and geographically, with David leading a number of M&A projects, as well as restructuring finance, business operations and processes. David is an economics graduate and a qualified chartered accountant, having spent his early career with Ernst & Young. The combination of his experience, drive and culture makes him an ideal fit for GBG's next stages of growth. David Rasche, Chairman of GBG, said: "I would like to thank Dave Wilson for his 12 years with GBG, during which time he has been a key member of the Board helping to transform the business and deliver outstanding shareholder returns. In terms of product portfolio, customer focus and success, international growth and delivering shareholder value, GB Group has come a long way from the business Dave joined. Dave is highly respected by our investor community and by all his colleagues in the business. "I know that Dave will remain a good friend of the business and we wish him well for his retirement. "After a thorough and rigorous search process initiated with Odgers Berndtson, the Board is delighted that David Ward has agreed to join GBG as its CFO. David has been key to impressive growth and financial governance improvements at AVEVA over his tenure and I am confident that his experience will be an asset to GBG as we continue our own growth story". Chris Clark, Chief Executive of GBG, said; "I'd like to thank Dave Wilson personally for his focus and support since I joined GBG four years ago. It has been a pleasure working with him. As we continue our ambitious growth journey I am delighted that David Ward has decided to join me and the GBG Board. During the search it became clear that David has really strong experience of leading a business along an international growth trajectory, similar to what we have ahead. We also believe that his style will be a great fit with the culture of GBG, something that we are very careful to nurture and evolve." Dave Wilson, CFO & COO of GBG, said; "It has been a privilege to work with past and present team members, who are the essence of such a great business. My 12 years at GBG has been fun and rewarding, which has given me many proud moments. It is the right time for me to move to non-executive roles, and I thank the Board, our team, advisors and the investment community for their support over the years" Commenting on his new role, David Ward added: "The fundamental strengths of GBG's products and the opportunities which exist for the business within its markets, made this opportunity instantly compelling. Having met various members of the Board and Executive, it became clear that the culture and focus of the business are important strengths. It is rare to find a business with the market opportunity, strategy and ambition to deliver, combined with the culture to succeed. I will be joining GBG at a very exciting chapter in its growth journey and look forward to leveraging my experience of international expansion and finance operations to enable further success building on Dave's impressive legacy." As part of David Ward's remuneration, upon taking up his appointment ('Date of Grant') he will receive an option over 150,000 Ordinary Shares in the capital of the Company as compensation to match the earnings and incentives forfeited on leaving his previous employer (the 'Compensatory Options'). The Compensatory Options will be issued at an exercise price of 2.5 pence per Ordinary Share and will vest in equal tranches on the first, second and third anniversary from the Date of Grant provided he still holds the position of CFO of GBG on the respective dates. In addition, vesting of the second and third tranches will also be subject to achievement of EPS and TSR performance targets in line with the Group's objectives and beyond. The Compensatory Options are valid for a period of 12 months from the vesting date.
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220808 17:28:49