Gb Share Discussion Threads

[libertine] 21/10/2022 09:47

Barclays reinitiates GB Group with 'overweight' - price target 700 pence

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Jefferies cuts GB Group price target to 400 (500) pence - 'hold'

[old fool2] 20/10/2022 15:31

Link which works!


hxxps://www.edisongroup.com/publication/fy23-outlook-maintained/D5052/

[hotfinance14] 20/10/2022 14:23

Edison report updated today :

hxxps://www.edisongroup.com/publication/fy23-outlook-maintained/D5052/

[marktime1231] 20/10/2022 13:48

Why don't you pay down $-debt with $-earnings and avoid the currency risk?

Something doesn't add up. A hit from debt translated to £ from $ should be (more than) offset by $ earnings being translated in to £. Shouldn't it?

So does that mean earnings on a constant-currency basis were a wider miss than reported and discussed above? Is the Acuant business not delivering? The update seemed to say good news has slipped in to second half.

In which case we can hope for some good news, seriously needed, please and thank you.

[wolansm] 20/10/2022 13:15

Another bid could come the way this is going...

[lomax99] 20/10/2022 10:03

Sold my last lot for a small loss. Re-entered here sub 350. Suspect the bid failed due to unrealistic expectations on price (at current time). Still can't believe they paid as much as they did for Acuant (given significant tech re-pricing).

[muscletrade] 20/10/2022 09:58

As far as I can determine GB have missed revenue forecasts even with currency tailwinds from US$ revenue streams in part due to reduction in crypto and fintech activity which the company expects to continue in the 2nd half.
There is also a double whammy to the balance sheet. The debt to buy Acuant of $210m has been paid down by $45m but because of adverse current movements the debt in £sterling has actually increased.

[gswredland] 20/10/2022 09:58

The market wants bells and whistles at the moment!

[hotfinance14] 20/10/2022 09:52

Great post.

I just used 50% of the Edison annual figures so your 45% will be more accurate. It seems the market was expecting a better outlook statement.

[expleaseme] 20/10/2022 09:32

Hi Hot, respect all your posts and long term support of GBG but not certain that Edison reports on half year results. I can only see full year actual and estimates. You may have better info.

Historically GBG's revenue is usually more weighted to the second half. FY2022 H1/H2 split was £110m/£242m. H1 is 45% of total. With Edison estimating £350m for the full year, the split on the same basis is c. £136m. Current result therefore is just shy.

That being said, not certain why the drop. No doubt Market was hoping for "exceeding expectations" message.

[wolansm] 20/10/2022 09:15

Filtered...

[hotfinance14] 20/10/2022 08:28

The expected revenue of £133.8m is well below the Edison forecast of £150m thus the drop in the share price

[bulltradept] 20/10/2022 08:11

Mr Market didn't like that then so far today!

[hotfinance14] 10/10/2022 11:04

From the Edisson report 50% of the yearly forecast are :

Revenue £150m
Adj operating profit £36m

If we can beat thoese figures we know we are on target.

[gswredland] 10/10/2022 08:22

Thanks hotfinance

[hotfinance14] 10/10/2022 07:03

The trading statement is 20th October so next week.

[wolansm] 04/10/2022 17:48

Filtered fud

[blackhorse23] 04/10/2022 17:43

Bought CURY (LSE) Today , 10% up today

[terry topper] 04/10/2022 17:32

It is possible that whatever deal structure GTCR had planned may have been blown away by the movements in debt markets over the last 2 weeks. It may be that some of the rumoured, other interested parties are still working on it - with a stronger $ and possibly more short term money in GBG I think another bid is a possibility.

[marktime1231] 04/10/2022 16:53

What happened to all the other interested parties reported to be mulling it over?

A pity GTCR didn't put a number down, even if it was a low bid and rejected it would have set a benchmark and would have obliged GBG management to explain and demonstrate why it is worth a higher bid.

Bit disappointed how weakly this fizzled out, was starting to plan how to spend the proceeds. Oh well. As you say we will have to hope for a good trading report instead.

[libertine] 04/10/2022 15:42

Alasdair Young, an analyst with broker Panmure Gordon, said GB Group is now an attractive Buy stock: “With the shares now only seven per cent higher than they were before press speculation about the bid emerged, we see this as an attractive entry point for one of the UK’s best software assets.

“Moreover, we highlight that in the absence of a sale, current holders will benefit from the anticipated acceleration/expansion of growth and margins as Acuant becomes fully integrated and the revenue base becomes increasingly US-weighted.”

hxxps://www.thebusinessdesk.com/northwest/news/2104142-us-private-equity-firm-pulls-out-of-making-an-offer-for-gb-group

[wolansm] 04/10/2022 13:28

Where did the bidding rumours come from because that's all it was GTCR likely trying to flush someone out.... Ok down a load but I'm happier and hold more .... Along with selling along the way. GBG are tightly held..

[d1nga] 04/10/2022 13:13

Blackh

You been spamming cury for months

Do one you moron

[blackhorse23] 04/10/2022 12:59

Switched to CURY (LSE) today , excellent debt free growth stocks , with huge revenues, dividends & share buy back