Gb Share Discussion Threads

[barnesian] 22/4/2020 10:15

The company could afford to pay the dividend but cancelling it is a signal of solidarity with staff who are bearing a salary freeze, and a display of prudence. It is symbolic.

The dividend yield is only about 0.6% so shareholders are not holding this share for income but for capital growth including a possible takeover.

Some shareholders may be upset by this dividend cancellation and sell. Personally I think that is short sighted and it provides a buying opportunity.

I'm not sure what "withhold market guidance" means in practice. Can anyone enlighten me? Clearly these are uncertain times.

[wolansm] 22/4/2020 09:46

Sorry it's £5.8 million divi which changes nothing in my view, paying this out would have given a better message.

[wolansm] 22/4/2020 09:42

47,000,000 profit, holding onto 4,000,000 divi, basically is poor in my view, withhold market guidance, what does that give to the party, poor show in my opinion, holding the divi would have given a better message. Doesn't inspire me. I hold too many of these and already sold a few x000 prior to this, and bought back a few last week.... plenty value elsewhere AINHO,

[nigeldoug1] 22/4/2020 09:39

They don't like the dividend pull, but it is the right thing to do and are also not expecting a lot of news flow until the results themselves.

[amt] 22/4/2020 09:17

Strange share price reaction to great results

[barnesian] 22/4/2020 08:46

A realistic solid responsible update.

It recognises the uncertainties caused by Covid-19 and makes no dodgy promises. In fact it is going to withhold market guidance for the time being.

It is securing its financial position - no non-essential recruitment, freezing of pay rises and bonuses, and cancelling the final dividend. It is a highly cash generating business anyway so this secures against any major downside, however unlikely that may be. It's very prudent.

In the meantime the business is doing well, is focused on its priority areas and is well-positioned for the post Covid world.

I take comfort from this update.

[hotfinance14] 22/4/2020 07:35

The only negative is that this years dividend is cancelled.

[sweenoid] 22/4/2020 07:33

Good guess ‘hit’

2020 figures are excellent, beats on revenue AND earnings, significant reduction in debt and very good organic growth.
Covid-19 as with everything else blurs the outlook, but as statements go, this is as positive as can be expected.

In summary, a very solid company, huge potential, in the right markets and with a great long term future, short term in as good a position as it could be, as a major beneficiary of the growth industry of internet fraud which is bound to increase exponentially I believe this is an incredibly ‘solid’ investment.

I see GBG are running this webinar tomorrow for those interested



And this Q&A too



Stay safe
S

[gswredland] 14/4/2020 17:59

Thanks for that hot

[hotfinance14] 13/4/2020 10:29

The trading statement will be announced late this week or early the following week for FY20.I am expecting a turnover of around £200m and a profit of £45m.

[hotfinance14] 10/4/2020 08:36

We should be over 700p shortly and then we have the trading statement later this month which should push us back over 800p.

[chanson] 09/4/2020 17:31

So good I decided to sell the shares I bought 3 weeks ago.Still got the core going though.

[hotfinance14] 09/4/2020 15:59

Good recovery in the share price this week.

[eaglebeagle] 24/3/2020 10:35

medium term only positive. There will be a one off uptick towards online probably accelerating developments by 3 to 5 years. Offset against that will be a fall off in general business levels so not likely to see an overall uptick in revenue this year. Share price may have already priced that in so hard to say if the share price itself is a bargain. It is however pretty safe even if it falls further. My view only and I am no advisor!

[barnesian] 24/3/2020 09:45

I think the depressed share price increases the chance of an opportunistic takeover bid from one of the big players when they get their heads in gear.

[hotfinance14] 24/3/2020 09:22

Does anybody have any views on how the virus will impact GBG revenues?

As more people are at home there will be more online transactions which is a plus for GBG.

[hotfinance14] 18/3/2020 08:20

GB GROUP PLC

("GBG" or the "Company")



Notification of Directors' Interests





The Company announces that David Rasche, Non-Executive Chairman, yesterday notified the Company that he purchased 19,100 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at an average price of 518.86 pence per share on 16 and 17 March 2020.



Following this notification, Mr Rasche has a beneficial holding of 744,333 Ordinary Shares (which represents 0.38% of the issued share capital of the Company).

[sweenoid] 06/3/2020 08:21

I took the opportunity to sell out the remaining 50% of my holding at circa £7 in the recent price spike.
I have done very very well with my investment here but I did expect it to go to circa £7 or possibly 650p after the recent run-up, that lower figure now seems highly likely. The Chief operating officers decision to sell a LOT of shares is a blow to current holders, the timing is not encouraging.

My views on this company are unchanged, it’s well managed, it’s business plan is excellent, acquisition policy spot on and its modus operandi is as corona proof as possible. However it’s still 7 weeks off from a trading statement. I will be back but in the present ‘climate’; I reckon it’s best to watch this from the sidelines, all the best to the ‘longs’
S

[hotfinance14] 05/3/2020 13:59

Semms odd that Mr Brown did not wait for the April trading statement nd then sell those shares.

[hotfinance14] 05/3/2020 10:23

Notification of Directors' Interests



The Company announces that Nick Brown, Director, has notified the Company that he sold 327,312 ordinary shares of 2.5 pence each in the Company ("Ordinary Shares") at an average price of 692.784 pence per share on 4 March 2020.



Following this notification, Mr Brown has a beneficial holding of 500,000 Ordinary Shares (which represents 0.26% of the issued share capital of the Company) and continues to have options over a maximum of 368,014 Ordinary Shares.

[gswredland] 25/2/2020 10:31

Yes but I wouldn’t mind more if price dropped into low 600s!

[gswredland] 25/2/2020 10:31

Yes but I wouldn’t mind more if price dropped into low 600s!

[davr0s] 24/2/2020 20:50

Just tracking the market today

[hyper ai] 24/2/2020 16:17

breaking down

[mw8156] 19/2/2020 19:26

like many of the larger Aim stocks, this appears very expensive because of the IHT breaks with a limited pool of reliable liquid stocks for the IHT fund managers to fish in? Have to hope IHT is reformed in the budget- Britain's most hated tax etc....