Wonder if some news is about to pop?Seems an odd spike based on the Budget? |
Significant rise in the share price as the budget is announced Not sure why as Employers NIC has increased to 15%. |
I dig your last sentence but the ace in the hole here for investors is the real possibility of a takeover as gbg begins to find it's feet again |
marktime123117 Oct '24 - 13:20 - 8330 of 8330
Hang on.
____________
*all my comments have been made in light of where the company has come from and the almost fatal (but nonethless disasterous) acquisition.
on all accounts road to recovery for sure.. back to where they used to be? nowehere near..
But very fair to say, looking up rather than down now |
Hang on. 4-5% topline revenue growth in an environment where service sector inflation has been 4-5% is not real growth. The comfort here is that underlying profit is improving from eradicating cost, and progress in cutting net debt although at lower pace than used to excite us.
This share price rebound is relief at a no-bad-news report, driven down in to the 200s on unfounded fears.
Nevertheless we are trading at about half what we all thought GBG was worth before embarking on a disastrously expensive acquisition. And massively below a rejected cash offer two years ago. GBG is still a recovering dog with a long rehab ahead. |
 hotfinance1417 Oct '24 - 08:09 - 8326 of 8326
Who is Algos ?
___________________
AI Overview
Learn more
…
Algorithmic trading, also known as algo trading, is a strategy that uses computer programs to automatically execute trades based on pre-defined rules:
How it works:
Traders write code that instructs a computer program to buy or sell securities when certain conditions are met. For example, a trader might program an algorithm to buy 100,000 shares of Apple if the price falls below $200.
Benefits:
Algorithms can analyze markets at high speeds, taking advantage of trading opportunities that humans might not be able to find or act on quickly.
Challenges:
However, algorithmic trading can also present challenges, including:
Price discovery: Algorithms can struggle to determine a security's fair market value, especially at market openings.
Systemic risk: Using similar algorithms across many traders could increase market volatility and systemic risk.
Technological dependence: Glitches, connectivity issues, and system failures can lead to significant losses or missed opportunities. |
Who is Algos ?
The market like s the update. |
in today's market, hitting expectation with no nasties or changing of goalposts should please the market
new CEO is delivering exactly what he said he was going to and has reaffirmed the outlook
can't ask for anymore.. i suspect directors will be buying more shares going forward if we languish at these levels
algos have taken this down, time for them to take it back up |
Decent trading update with outlook reiterated.Net debt not down that much but we did have the dividend payment of £10.6m.Should be nearer £50m debt in the final results FY25. |
Needs to be good has been drifting lower |
Not many blue days since the 350p ish high, actually just about every day has ended red. The share price either recovers from this level or fills the gap down to 250p on release of the (Edit) trading update. |
trading update tomorrow |
1H25 trading update
- 17 October 2024
1H25 results published
- Mid-November 2024 |
Bouncing back strongly today, why didn't I see that coming. |
I sold half my gbg at 920 a few years ago but regret not selling 100%. Bought them at 27p nearly 20 years ago. That must have been the reason. |
Talk about euphemism. GB made a disastrous investment two years ago but here it is 'an acquisition that was poorly received by the stock market'. Pull the other leg. Huge money webt down the drain in a ridiculous purchase.
I do accept that it may just be beginning to recover, debt is down to 'only' £100mn (net debt around £80m) but be prepared for a pretty long wait before this ship is righted, if it can be. |
from Citywire last week
Jupiter buys GB Group
Jupiter managers Matt Cable and Tim Service have bought GB Group (GBG) as they seek to maintain exposure to the UK technology sector in their Rights & Issues (RIII) investment trust.
Writing in the half-year report, the pair said that following takeover bids for portfolio holdings, Spirent Communications and Gresham Technologies, they added the identity verification and fraud prevention business.
They said that the company, which makes up 4.1% of the £142m UK smaller companies trust, according to Morningstar, further diversified the portfolio.
‘GB Group is a high-quality operator in our view, but has been through a difficult post-pandemic period as markets have normalised, exacerbated by an acquisition that was poorly received by the stock market,’ they said. ‘We believe that this has created an opportunity to invest in a quality business at an attractive valuation.’
The shares rose 0.6% to 333.8p on Friday. |
A good company but with a premium P/E. Big re-rating in May but flat since.
The share price today is < half what it was a few years ago. So I'm hoping it might step back up over time. |
Revolut has secured a UK banking licence – with ‘restrictions’ – more than three years after Britain’s most valuable fintech firm lodged its application with regulators.
GBG has a contract with Revolut i recall. |
I think gbg will continue to be a slow burner has support at around lower 300pand short-term will hopefully have a shot at testing 400p Pretty sure there will be predators on the prowl as it regains its mojo so thats always an extra ace in the pack with this stock |
Not a bad update ; remains a strong hold. |
2024 AGM Statement
GB Group plc, (AIM: GBG), the leading experts in global identity and location software, will hold its Annual General Meeting ("AGM") today at 09:30 am BST at its offices in London.
Ahead of the formal business of the AGM, Richard Longdon, Non-Executive Chair, will make the following statement:
"As reported in our full-year results announcement on 11 June 2024, FY24 was a year of strong strategic progress and improving operational efficiency for GBG.
Group revenue of £277.3 million was driven by accelerated growth in Identity during the fourth quarter as anticipated, and adjusted operating profit was ahead of market expectations. This reflects the excellent progress achieved in FY24 to reduce our complexity, with £10 million of annualised cost savings delivered that will benefit the business over the long term.
Our focus on simplicity and cost-effectiveness has enabled investment in product innovation to enhance our leadership in the identity fraud and location intelligence markets. We are driving greater collaboration and global alignment to more effectively leverage our scale and expertise, with the improving performance of our Americas Identity business achieved by strengthening our go-to-market, sales enablement and product capability in that region.
Further to the update provided in the FY24 results announcement, the Board is pleased to report that GBG has continued to trade in line with our expectations in the first quarter as the improved momentum in Identity and resilient growth in Location continued from the final quarter of FY24.
We continue to expect mid-single-digit revenue growth on a constant currency basis in FY25, which will lead to high single-digit growth in adjusted operating profit, given the operational efficiency gains achieved in FY24. Identity and Location will drive our revenue growth in FY25 while our Fraud segment, as previously noted, is expected to report a revenue decline in the first half of the year given the timing of software license renewals, before returning to year-on-year growth in the second half.
As we look to the longer term, the Board remains confident that GBG's strong competitive differentiation will continue to underpin our leadership positions across the markets we serve. The technological capabilities we have built and our highly repeatable business model will enable us to capitalise upon the significant growth opportunities ahead to deliver significant and enduring shareholder value.
Our next scheduled trading update will be the half-year pre-close trading update in mid-October 2024." |
How do you know it was plus 600p ? |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
