I'd guess there are some big write downs to come for the Acuant acquisition.
That deal looks a disaster. No shareholders tried to stop them, they ponied up £300m to let them buy at the top of the market. |
SP at multi year lows now. |
Aegon NV from the Netherlands have took a 5.011% holding in GBG. |
What was the market cap at the time? |
Hi AISHAH,
The day before (5th Sept)the news of the possible offer surfaced the share price was about 445p.
On the 6th of September it rose to over £5. |
Mkt cap £782m at present. What was it at the time of the bid? |
The EP lot that tried to buy it last year can have another go, if they want, after their lock-out period ends on 4 April. |
Well done Nick getting the company to almost £10 and then to it's next level I'm sure you will be rewarded |
Director Retirement
GBG, (AIM: GBG) the experts in digital location, identity verification and fraud software, announces that as part of planned succession arrangements, Nick Brown, Group Managing Director, will retire from the Board with effect from 31 March 2023.
Nick joined GBG in 2007 and was appointed as an Executive Director in 2017, and whilst he will be stepping down from Board duties at the end of March, he will continue to be available to the Company until 30 September 2023. The Board would like to thank Nick for his significant contribution during his time at GBG and wish him well for the future. |
How is it that gbg shareprice has remained so resilient despite the recent gloomy trading update and then this market chaos - I can only conclude that there is some positive news ahead for the company - just my gut feeling! |
Doubt if there will be any quick fix for gbg sure it ls nice to see inside dealings but it will take more than that to send share price north - seems only a bid would do that and in current tech environment that wont be any time soon |
Bad news seems to be in the price now. Lets see if the CEO buys more down here. |
Good to see the chairman has purchased 29,876 shares. |
Yesterdays share price movement definitely was a big surprise to me! Just how did the price hold up with such a disappointing trading statement and with the nasdaq tanking plus general market negativity. I really was expecting sub 3 pounds! I can only assume something positive for GBG is on the horizon but for now I will observe from the sidelines |
One could argue that the meagre revenue increase of c4% has been paid for by the the purchase of Acuant at c.GBP547 million.At this rate it's going to take virtually forever for payback despite synergy savings. I wonder how long it's going to take before asset value of Acuant is written down. |
It looks like the market had built in the impact of the maco economics and thus no huge impact on the share price |
Technology! |
Why is this share loved so much! |
Meagre revenue growth even 12 months after the acquisition of North American Acuant....yet the PE still reflects High growth multiples. |
Alas more neg news from gbg will be surprised if it holds 300p - it can regain its mojo but when?? Patience is over-stretched now with this once apon a time gem - maybe all good things do come to an end but for now I will transition to the sidelines & observe |
No and I only expect it to close about 5% down. |
Will it break below £3.00 on a smack down today, one wonders? |
Thanks for the correction.
Not good news but not a disaster. |
£279m of revenue now forecast actually, but still not good. |
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