Directors bought early in the year at over £3. |
Yes over 9.5m traded. Perhaps a seller cleared. |
Huge turnover of shares today and a rally once the volume had gone through. Looks like a decent point to have a crack at opening a position |
Thanks for flagging. Seems to be a significant support point from 2016 after massive fall. Who are largest insti holders? |
SCSW added GBG to their growth portfolio this month @228p hoping for a recovery/bid. Gone are the days when updates in scsw caused uplifts in the prices!
scsw.co.uk |
Paul Hill keen on GBG.. from 15.30 |
times suggests 5 parties were interested in bidding last year at the time the private equity bid was made known, how do they come across such info? but a downturn in a few large American Fintech company orders made for uncertainty so no one proceeded.
But they may be back, given the evolving nature of fraud in an age of AI, the need for localisation and identification services, so in their opinion, 'buy' |
I would think a strong hold since they rejected a bid at double this price last year. They are earning enhancing for any of their competitors at these levels. |
The Times has recommended a buy for GB Group.I don't have access to the article. |
It's clear that the team overpaid but that's in the share price, todays results formalise the error. This is a company that regularly exceeded market expectations and after listening toe results presentation I got the impression that analysts have their doubts around whether that will be the case going forward. Some softer comparators will be coming up though. |
Surely there will be an acquirer at this level. This management team have lost all credibility. |
Operating (loss)/profit(2) (GBP112.4)m GBP23.4m
(Loss)/profit before tax (GBP118.8)m GBP21.7m
Should be down by 30% |
I put my little toe back in and am out now. Sold out when they announced the Acuant deal, thought the price they were willing to pay was eye wateringly expensive. |
Was an easy out for me, maybe a bid Will come along but firmly on the sidelines for now. Don't play that "what if" game anymore |
Absolutely spot on little fish wanting to swim in the big pond.... And awarding themselves more shares |
Acuant looked like an awfully expensive purchase at the time, now the board admit they overpaid by £120M +. Had a deal been struck at a fair price we would be debt free and operating acceptably given the backdrop circumstances.
Whoever agreed the deal has to go, it was so expensive based on optimistic assumptions at the peak of the market with no recourse if things did not excel. Several of us here had that reaction at the time, but it feels like the exec were seduced by the excitement of operating in the US market.
This is a catastrophe. |
Think there was a recent insider purchase at 3.33 - perhaps a renewed bid could surface but todays announcement has a bit of cleansing about it and yes reality would see it as more pos than neg - imho |
Big vol today, market lively atm. |
What intrigues me is the CFO only purchased 10,000 shares in April at £3.05 and he would of known the huge impairment charge would be hitting the accounts. |
Massive loss. This should be 30% drop. surprised that it only drop by 10%! |
I see it as positive apart from the Acuant aquisition which has been a disaster. I have sent email to the CFO stating this. |
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