There seemed to a lot of excuses in the results, hard to see that there is going to be any upwards momentum in the near future. Guess it is dig in and wait time. Or get out at a loss. |
Yet still on a PE of 36 with no growth. |
Other than the Acuant charge, looks very much steady as she goes and the increase in divi is welcome. Just looks very neutral for the time being, but expect the market may well drop it further now sadly |
Yes the market won't lijke this part :
Reflecting the macro challenges in the last year, the annual impairment review resulted in a non-cash exceptional goodwill impairment charge of £122.2 million against our Identity business in the Americas, which is formed of our IDology and Acuant acquisitions
Correct me if i am wrong but this is basically saying they well over paid for the Acuant aquisition. |
Well, there's the impairment(write down) for the Acuant purchase. Hardly a surprise. |
 Expectation on past years is that results announcement will be inline with the April trading update - they are required to announce without delay any material difference (up or down) to the expectation set. Have also found that trading update is usually marginally lower than final results.
As nothing has been made public about a material difference, I'm not expecting fireworks with the results - more steady as she goes - with the unknown element being the clarification of the final dividend and potentially some Board change given Nick Brown's departure earlier in the year.
Not expecting any concurrent announcement on a bid (they can't control this) but hoping for some good news on customer wins.
Not certain where Rabbrooks (post 8124) has heard about GBG's Annual Report being late - the results announcement is based on auditor clearance so printing the Annual Report is just a logistical matter after the results announcement. If he meant the results are delayed then there would be an announcement with reason and revised date. There would also be a world of pain for all involved (see Alphawave's recent issues). Rab, would be interested to know what is going to be late, and what revised date has been notified? |
Really strong intraday bounce, bet that shook a few people out |
Hoping for a bid here. |
It appears that GBG are running late with their Annual report. Seems ominous! |
MM's may be after stock and the share price could recover this afternoon. That's what i am hoping. The CFO purchased shares not too long ago so I would expect the news to be positive. |
Thanks HF, will have to hope for something half decent after today's drop. Doesn't look great for the time being, people must be nervous |
We have the FY23 results on 15th June.Hopefully a positive outlook. |
Looking sadly weak here now, have to hope it doesn't hit new lows next week |
If this decline continues I might... might take a few more again.... £10 is way way a long long time away.... I hope I'm wrong.... |
What will that change... it's done |
Email the CFO with your views and see what he has to say, |
Wasn't well thought out then... was it |
The acuant deal at £7.35 per share combined with macro economics related to the Ukraine War. |
Looking back how on earth did this reach £9.80. Then shortly after settling around £8 make a bid to drop to this level. Answers please... |
On Gucci's point about the NT site, I wonder if the MMs exploit the fact that he has bought knowing his followers will then buy in? It seems quite remarkable how he captures the pivot point and then the stock rises. Why can't the fund managers do that?! |
Good to see our CFO purchase 10,000 shares bringing his total holding to 65,000. |
GB Group issued a pre-close trading update for the year to 31 March 2023 yesterday. The Group expects reported revenue to be £278.8 million (FY22: £242.5 million), representing growth of 15.0%. Adjusted operating profit is expected to be £59.8 million (FY22: £58.8 million), representing a margin of 21.5%. Net debt was roughly steady at approximately £106 million. Chris Clark, CEO admitted that "the difficult global macroeconomic environment has impacted performance in certain parts of the group, particularly our GBG Americas Identity business." But overall Group performance has still been solid. Valuation is reasonable, if not outright attractive, with forward PE ratio at 17.9x, PS raatio at 2.91x both average for the Software & IT Services sector. The share price remains in a near 2-year correction and lacks positive momentum accordingly. There is no rush to buy but GBG is a share worth monitoring for the longer run...
...from WealthOracle |
he posted around 3 pm so cant be him |
So er um who was it moving on, what have I missed or mistaken? |
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