Gb Share Discussion Threads

[hotfinance14] 08/4/2019 11:46

I remember that day toggle.

[togglebrush] 07/4/2019 09:58

FWIW
2018 Trade Update 18th April when intra day price spiked 419.00 to 509.00

[hotfinance14] 04/4/2019 13:13

Nice rise today so far.GBG has become a £1bn company as GBG forecast several years ago.

[hotfinance14] 29/3/2019 12:41

I expect the share price to go well over 500p before the trading statement.

[hotfinance14] 27/3/2019 11:43

Trading statement Mid April.

[seans66] 28/2/2019 21:22

Positive mention in NT's email update today.

[jombaston] 20/2/2019 19:14

You are spot on, Stig. It could be that the large investors have been holding off for some time knowing the placing was coming. I had thought this had been depressing the price for a matter of days but it was relatively weak for almost a month before the official announcement.

So good news it that there seems to be more demand for the stock than the placing could satisfy but bad in the sense that the average punter is very much in the dark.

[stig2] 15/2/2019 18:59

hot
bin there, seen that, though i didn't buy the t-shirt or sell for that matter when we got to £6.30. But I agree that we might well be back in weeks not months, though I still don't have a clue how GBG share price works, but I think it has more to do with the big investor dealings (hidden from us) than the sentiment or opinions of us small investors.

[hotfinance14] 15/2/2019 14:08

I expect the share price to be over 500p in weeks.Over 600p by year end.

[chanson] 15/2/2019 12:57

Yup, with 192.3m shares in issue.Gets there at an even lower share price of 494p if we are looking for £1bn enterprise value, given 50m of debt.

[hotfinance14] 15/2/2019 11:44

Chanson..make it a £1bn company ?

[chanson] 14/2/2019 19:41

A share price of 520p should do it....so maybe a few months, not a few years.

[thefartingcommie] 14/2/2019 18:33

However it doesn't affect my positive outlook for this share in any way.

exactly....

[barnesian] 14/2/2019 17:33

The only way to enable retail investors to share in a new issue is by a rights issue. You simply couldn't do a placing to retail investors from a practical point of view. So I don't mind an overnight placing like this, particularly as a rights issue would involve retail investors coughing up for more shares. And the deal looks like a good one and will benefit all shareholders. The dilution is out weighed by the extra earnings.

But I do object to the way the share price dropped on light selling by nearly 10% just before the placing making the discount on the placing seem quite modest. Perhaps it was just coincidence.

However it doesn't affect my positive outlook for this share in any way.

[jombaston] 14/2/2019 12:05

Yes, nearly back to where it was when the institutions were offered cheap shares.

There must be a fairer way of allowing all shareholders to benefit from a discounted placing.

Anyway, I expect the increased float size will attract more institutions.

I'm not sure it is a good time to sell now but it is becoming pretty clear that this is a company that will favour one type of shareholder over another.

Large shareholders have probably been sold the IDology deal directly but I can't see any attempt to reach out to diluted retail investors.

[hotfinance14] 14/2/2019 11:52

I expect GBG to be that £1bn company in the next few years as per the aim of the company.

[barnesian] 14/2/2019 09:47

Trading volumes are back to normal. The fog has been blown away and the true value is emerging. Looking good.

[robow] 14/2/2019 09:01

StockMarketWire.com - Peel Hunt today reaffirms its buy investment rating on GB Group PLC [LON:GBG] and raised its price target to 626p (from 600p).

[shrout] 12/2/2019 12:42

I hope you're right. I've got a huge wedge in these (inherited) and have been watching nervously as the share price approaches the £4 level.. fairly crucial psychologically, I'd say.

[barnesian] 12/2/2019 12:29

Two million shares now traded today. This should blow some of the froth away. I'm assuming there is hefty off market trading going on too, as big investors take the opportunity to update their portfolios. It might take a few days before the fog clears.

[barnesian] 12/2/2019 08:02

Some very heavy buying this morning at 23 seconds past 8 o'clock. The early bird has picked up a bargain! 350,000 shares bought in first 3 minutes but share price has hardly moved. Presumably approx 350,000 shares have been sold. Has someone made a quick 15p a share profit from the placing?

I know the placed shares don't trade until the 14th but current holders who took some of the placing can sell off some of their current holding. There should be a rash of RNSs which should be interesting. It will be a while before the fog clears but I predict the share price will be back above the £4.55 mark at which Peel Hunt tipped them - giving those who took the placing a notional £18 million gain.

About a million shares have been traded so far in the first 90 minutes compared with the normal average of 200,000 per day. I'm assuming £4.10 is the floor price as there will be no selling below that by those who took the placing who I am assuming are responsible for most of the selling today for a small short term profit.

[barnesian] 12/2/2019 08:00

Peel Hunt, one of the bookrunners in the placing, tipped GBG early on 4 Feb when share price was £4.55 yet the share price immediately tanked. Some big selling in an illiquid market. It enabled the placing to take place at the bargain price of £4.10. Odd.

Directors and senior management bought 200,000 shares at the placing price.

[barnesian] 12/2/2019 07:07

Placing price £4.10. I guessed £4.00. Value of deal I estimate at 50p a share.

[mfhmfh] 11/2/2019 19:04

Looks good acquisition to me

[barnesian] 11/2/2019 18:36

The numbers look good.

$16m EDITDA on purchase price of $300m is 5+% return before synergies.

Cost of capital is about 4% for the equity placing and 3%?? for the debt so should be immediately earning enhancing.

Current business: "GBG has continued to make good strategic and operational progress since the half-year end with VIX Verify integrating well. The Board remains confident that GBG will meet its full year expectations."

This looks very good. It has stepped up its aggregator strategy in the ID market and looks set to be a serious and attractive player.

I expect the share price to be up in the morning.