Re. SPEC - not one I'd ever heard of. Will take a look. |
Also SPEC brucie |
Yes - seriously good chart. |
looking a bit good |
decent volume today |
the rns references 9 analysts. Can anyone share any updates that any of them have put out today. I subscribe to Research Tree who cover 7 of the analysts but they only provide info to institutions. Unfair playing field. |
A very positive response to what, according to the precise rns, was pretty close to in line with forecasts. The good news is that growth has picked up and is expected to continue, and capping costs is boosting the bottom line.
Still a long way off where we once were though, and it is hard to imagine a bid would take us back to the highs of 2020. Heads down and deliver then. |
If memory serves me this went up even more in the past it was either 60p or 80p |
I'm not for a buy out here, but if it did occur would hoover it up. This market can only get better...... but GBG no more stupid takeovers please as that was the killer blow |
Looks good. Buyout cannot be far. |
This looks to be back in full bull mode; not sure whether it's more indicative of the business or the market, which has hitherto been ignoring good news and punishing the bad. Recently there have been a slew of large >10% moves of shares I hold, largely with oversold, div paying characteristics such as CLIG, PAY, & POLR. GBG is obviously a share 'in recovery', which many will be seeing in terms of any possible retracement of the glory days when it went up to £9. Does/can history repeat in this case? |
edison ceased coverage...part of cost cutting I guess |
I would hope that positive updates like todays and regaining some stability would eventually entice a suitable bid |
Edison should give us an update soon. |
any broker notes today |
Very positive reception by the market |
 Very positive trading update and good to see net debt falling significantly.
GB GROUP PLC
("GBG", the "Group" or the "Company")
FY24 trading update
Strong finish to the year with adjusted operating profit above expectations
GB Group plc, (AIM: GBG), the experts in global identity and location software, today provides an update on trading for the financial year ended 31 March 2024.
The Board is pleased with the Group's performance in FY24. The Group expects to report revenue of £277.3 million, driven by growth accelerating in Identity during the fourth quarter as anticipated. Adjusted operating profit¹ is expected to be slightly ahead of the top end of current analyst expectations², reflecting the excellent progress achieved throughout the year to drive simplification and cost-effectiveness in our business.
· We expect to report revenue of approximately £277.3 million, representing growth of c.2.7% on a constant currency basis.
· As anticipated, improved fourth-quarter growth of approximately 5.0% on a constant currency basis was primarily driven by an acceleration in Identity, as a result of improving trends in the Americas and EMEA. Growth in Location remained solid, while growth in sales of software licenses in Fraud slowed following two years of higher growth.
· Expected adjusted operating profit of approximately £61.2 million is slightly above the top end of current analyst expectations², driven by a focus on simplification and cost-effectiveness delivering £10 million of annualised savings. This would represent year-on-year growth in adjusted operating profit of approximately 8.0%, excluding the £3 million foreign exchange gain in the prior year.
· Strong cash generation in the second half has reduced net debt to around £81 million, which was better than current analyst expectations².
· Looking to FY25, the Group expects mid-single-digit revenue growth on a constant currency basis, which will drive high single-digit growth in adjusted operating profit, as a result of the operational efficiency gains achieved in FY24.
Dev Dhiman, CEO, commented:
"I am proud of our achievements during FY24 reflecting the focus and effort of the entire GBG team. While continuing to support our customers around the world, we have also improved our ability to drive profitable growth by driving simplification throughout the business.
We have begun the new financial year with good operational momentum, and our confidence in FY25 is underpinned by the Group's strong fourth-quarter performance. By prioritising competitive differentiation and a high-performance culture, we will ensure GBG capitalises on the exciting market opportunity presented by an increasingly digital world."
Notice of results
GBG expects to report full-year results on Tuesday, 11 June 2024. |
I think thats a very good update |
Trading update 23rd April 2024. |
Adding on the recent retrace. |
So about 5% of the stock just changed hands, unusual thing to do as open market trading. What is going on I wonder, rns to follow no doubt. |
Just spotted them,About 11 trades totalling 12m just after 10am all at 260p. |
Probably movement of holdings from one II to another. Quite a few major holders over 7m. |
Jeez...was there one large trade and what amount ? I assume it must be a Institutional Investor. |
Massive volume just gone through- highest in its entire history- hopefully a change in the short term trend |
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