I see Robbie Burns (Naked Trader) has bought into GBG |
'No forecast or outlook to grab hold of, but who knows what to expect since the CEO/CFO responsible for wasting our fortunes on Acuant have quietly moved on.'
The CEO is Chris Clarke and the CFO is David Ward. They did the Acuant deal and are still with GBG. Am i missing something ? |
Hard to know what to make of those numbers. Trivial organic growth, but positive operating financials in £ thanks to favourable exchange rates. And the reverse on debt which hasn't moved in £ terms because reduction progress wiped out by adverse exchange rates.
No forecast or outlook to grab hold of, but who knows what to expect since the CEO/CFO responsible for wasting our fortunes on Acuant have quietly moved on. The business can't all be hooked on US bitcoin punters, can it? Until we get tangible comments on trading perhaps all we are seeing is market relief that this isn't getting any worse.
In the absence of a restoration to what was a bubbling market place, and given the new c-suite, it is more likely we will be hearing about an internal strategic review (direction setting, refinancing, organisational cost cutting) than renewed interest in a predatory acquisition. |
Really...there much I could say but will refrain and take the easy road .... Filtered |
Rose to 6.50p per share - far cry from current price - but current price looks stable at least and that hasn't always been the case of recent - only think that would raise imo is if tech market went north or a bid - the latter is a decent shot at the current price |
Hi @hotfinance14
the chatter at the time was that the bid was circa £5.15 per share at time share price was circa £4.20 - price then rose to circa £6 per share on the back of the speculation. To my knowledge, nothing was formally tabled.
hxxps://capital.com/gb-group-gbg-bidding-war-advent-permira |
Wol
"Im here only for the business property relief for my adult kids." That's what they all say ! :-) |
I think yesterdays buyers are todays sellers looking at rough volumes, moving upwards now but really need more good news. Im here only for the business property relief for my adult kids. |
I think Wol topped up yesterday. Fantastic timing with the share price up over 10% as I type.I expect the market was expecting some negativity in this mornings update.Onwards and upwards. |
It would be interesting to know what the original bid was for.Obviously much lower than what GBG would even consider. |
GTCR free to table another bid if they wish before price runs here imo. |
The market likes the update. |
Looks like Acuant has been a disaster. Bring back Richard Law who knows how to do acquisitions. |
Trading statement this morning as expected. No suprises with profits per guidelines. |
Thanks @wolansm. Just checked the RNS and noted that GTCR LLC's withdrawal from bidding was announced on 4 October 2022. So it would appear that the 6 months is just up.
Not certain what is happening at GBG lately. Long serving MD (Nick Brown) left last month without any fanfare or congratulatory message in teh announcement. Long serving Group Commercial Finance Director (Richard Jarvis, has been there since 1996!) also left this month to be CFO at Ladbible.
Also announced last week that Acuant (purchased last year) is now not a brand name of GBG but instead has been subsumed into the existing IDology business - a brand it purchased in 2019.
Hope they know what they are doing. |
Think the most recent director purchase was @ 3.33 - at the current price that is quite a fall - can't always put too much faith in an inside trade but you would think it signals some hope for better things ahead! |
Must still be a multi bagger for you as it is for me, maybe time to monetise, I'm going to sit on my hands a bit longer, my plan is to get a few more into isa |
I don't see a comeback as I think in initial talks GBG probably said we won't even get into talks unless you bid X which is a lot higher then they expected. I could be wrong but they are my thoughts.
I rememebr the CFO bought a tranche of shares for £8 plus so he will want the share price to get back where it was a few years ago. |
Not entirely sure but I think the 6 months is out, I reckon PI would dive on a bid now, it's a shame the board squandered this away IMO with the takeover but might still be proven wrong, Mr Hot do you see a comeback |
Hi @saj3
in line with previous years, I'm assuming that as there has been no news from GBG since that trading update in February 2023 that this week's pre-close trading update will (subject to audit) be in line with, but no worse than, the expectations set in February.
Last year's bidder will also, I assume, soon be out of its statutory 6 month preclusion from making a bid. |
Going to wait until next update |
What is SCSW ? |
Taken a position here.
Eps 2023 fcst 15.5, followed by 16.9 and 19 two years out.
SCSW had a full write-up in the last issue at 341p. GTCR now able to table a bid - previous one was a rejected > £5. dyor |
I voted with my feet and sold up! |
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