Gb Share Discussion Threads

[wolansm] 04/3/2022 12:43

When do you see this close to a tenner hot, personally I think a long while. I very much want to be wrong.

[hotfinance14] 13/2/2022 12:18

This should help GBG :

UK online shoppers face more identity checks as new anti-fraud rules kick in:

[lomax99] 10/2/2022 13:28

Just bought back in, with a starter holding.

[wolansm] 10/2/2022 12:44

Volume on market high compared to the tightly held good old days. Is someone accumulating or is it just good old market forces...

[hotfinance14] 07/2/2022 07:26

GBG has organic growth of 10-12%.

[alotto] 06/2/2022 12:28

What would you say the MOAT of GBG is?I read on IC that for new entrants their technology is easy to emulate.
Is GBG over reliant on on acquisitions for growth?
The positive note is that there is a considerable director purchases which instate some confidence in the company.
Thank you.

[hotfinance14] 01/2/2022 14:12

I am confident the next trading statement will result in a significant increase in the share price

[marktime1231] 01/2/2022 12:33

Indeed 4 x revenues is more like it, what was the multiple on Acuant again? (edit - it was 12 x)

Good that GBG is still expanding its horizons, but my holding is in deep red still so can we have some postive post-merger news to restore the share price please and thank you.

[lomax99] 01/2/2022 08:35

A tiddler, at least not acquired on an eye watering multiple!

[hotfinance14] 01/2/2022 08:02

Another acquisition :

GB GROUP PLC

("GBG", the "Group" or the "Company")



Acquisition of Verifi Identity Services Limited (commonly known as "Cloudcheck")

GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has acquired Cloudcheck, a leading provider of electronic Identity Verification (IDV), and Anti-Money Laundering (AML) solutions in New Zealand.

The upfront consideration payable to the vendors of Cloudcheck is NZ$20 million (approximately £10 million) comprising of an NZ$12 million cash payment and the issuance of NZ$8 million of shares in GBG based on a 30-day volume weighted average share price (equal to approximately £4 million or exactly 580,768 shares) .



Contingent upon Cloudcheck's revenue growth, a payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2023. Furthermore, contingent upon Cloudcheck's revenue growth, an additional payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2024.





Acquisition Highlights



· Founded in 2012, Cloudcheck is a leading provider of electronic Identity Verification, and Anti-Money Laundering solutions in New Zealand.

· Cloudcheck's Software-as-a-Service revenue model is based on an annual subscription fee plus volume-based usage fee.

· The acquisition provides customer upsell opportunities for GBG's global identity data and adjacent Compliance and Fraud Solutions.

· In the year to 31 March 2022, Cloudcheck is expected to generate approximately NZ$5 million revenue and NZ$2 million EBITDA respectively.

· Before synergies, the acquisition is expected to be immediately enhancing to GBG's overall revenue growth rate, operating margins and earnings per share.



Chris Clark, CEO, commented:



" We are delighted with the acquisition of Cloudcheck. It has established a market leadership position in New Zealand's electronic IDV market by closely understanding local customer needs and delivering a strong technology-led solution.


This acquisition follows GBG's proven model for global identity services: combining our internationally sourced data and expertise with locally relevant capability.



The Cloudcheck platform will be able to consume GBG's international data and create an opportunity for our New Zealand customers to benefit from the breadth of other identity and anti-fraud services we can provide.



Cloudcheck will also complement GBG's successful approach to its identity strategy in Australasia - providing experienced local presence and best-of-breed domestic product to our customers. "





This announcement assumes an NZ$: GBP exchange rate of NZ$2.0462 : £1.0000.

[nigeldoug1] 26/1/2022 19:18

The Chairmans buy is an encouraging sign that the acquisition is bedding in.

[hotfinance14] 25/1/2022 15:02

Good to see the non exec chairman buying 6057 shares at these low levels.

[bothdavis] 24/1/2022 22:03

Yes but....he has a stock market nervous of a Putin war!!

[hotfinance14] 24/1/2022 09:41

The share price has gone down about £3 since the new CFO started. It would be interesting to know the thoughts of the US acquisition from our old CFO.

[nigeldoug1] 10/1/2022 17:08

Three months is a long time to wait in current markets and there are plenty of bargains for shares with a decent yield, so I would agree. I have been in GBG for a long time but it is still painful and I do hope they have got this acquisition right.

[wolansm] 09/1/2022 14:01

Personally I'm going to exercise some caution about buying back in, if I do that it will be in hundreds of shares etc. as I've said before there's plenty of value out there. My holding is still significant and as mentioned I hold for BPR purposes which will benefit my adult kids. I've had a lot of success here and nothing to complain about as previously said time will tell I wish all holders the best of 2022

[nigeldoug1] 07/1/2022 19:12

I agree that this is a good entry point. There is some nervousness about the acquisition which is the first one of any note in the tenure of this CEO. Given it is now significantly below the placing price it could rise significantly if there is a favourable trading update in March / April.

[fuji99] 07/1/2022 15:17

Despite the tech sector has been recently hit, mainly in the US, I think GBG is within an area that is a "must have" regardless of economic situation. As the whole world is becoming more and more digitized, fraud prevention is the first line of defense to any company and institution of ANY sector, dealing with on-line transactions and activity. So this is a sector that will flourish under any economic circumstances. Today is my first purchase of GBG shares, to be held for a minimum of 3 to 5 years to maximise its growth potential.

[hotfinance14] 06/1/2022 19:58

The drop today was due to the tech sell off. I expect a rebound tomorrow.

The CEO has been right in all previous acquisitions so I have full confidence
he will be back in £9 area this year.

[wolansm] 06/1/2022 17:13

The run up through covid was a well done, but this acquisition hasn't been kind time will tell if the ceo is right or wrong.... Cost me big today in its own. Glad I sold a few all the way up, in 2016 the share price almost halved, then rebounded.... I wonder what the bottom is going to be.

[hotfinance14] 15/12/2021 08:14

What is interesting is pur CEO stated the acquisition brings the company 2 years
forward.Time will tell with the results.

[primarch1] 14/12/2021 16:03

As much as I like gb and the purchase of accuant makes strategic sense I still find the price paid far to high for a company making 11 million pound profit.added significant debt and share dilution,perhaps I'm being overly negative guess it's one to keep on the watchlist for now until the next update gl to all holders shame to see this drift down

[hotfinance14] 14/12/2021 14:24

If the integration is going well hoefully they will. This would give the share price a good uplift.

[nigeldoug1] 14/12/2021 10:55

Directors' purchasing not stopping the slide and mkt cap back around where it was pre purchase which doesnt look right. I wonder if they might bring forward the trading update once they have a qtr of the acquisition under their belt?

[hotfinance14] 14/12/2021 08:18

The Company announces that David Rasche, Non-Executive Chairman, today purchased 4,146 ordinary shares of 2.5 pence each in GBG ("Ordinary Shares") at 717p per share.

Following this notification Mr Rasche has a beneficial holding of 723,479 Ordinary Shares (which represents 0.29% of the issued share capital of the Company).