Gb Share Discussion Threads

[aishah] 23/3/2023 11:19

Mkt cap £782m at present. What was it at the time of the bid?

[lomax99] 23/3/2023 10:05

The EP lot that tried to buy it last year can have another go, if they want, after their lock-out period ends on 4 April.

[wolansm] 23/3/2023 09:24

Well done Nick getting the company to almost £10 and then to it's next level I'm sure you will be rewarded

[hotfinance14] 23/3/2023 07:33

Director Retirement

GBG, (AIM: GBG) the experts in digital location, identity verification and fraud software, announces that as part of planned succession arrangements, Nick Brown, Group Managing Director, will retire from the Board with effect from 31 March 2023.

Nick joined GBG in 2007 and was appointed as an Executive Director in 2017, and whilst he will be stepping down from Board duties at the end of March, he will continue to be available to the Company until 30 September 2023. The Board would like to thank Nick for his significant contribution during his time at GBG and wish him well for the future.

[seanyboy] 15/3/2023 16:15

How is it that gbg shareprice has remained so resilient despite the recent gloomy trading update and then this market chaos - I can only conclude that there is some positive news ahead for the company - just my gut feeling!

[seanyboy] 22/2/2023 15:10

Doubt if there will be any quick fix for gbg sure it ls nice to see inside dealings but it will take more than that to send share price north - seems only a bid would do that and in current tech environment that wont be any time soon

[liam1om] 22/2/2023 13:09

Bad news seems to be in the price now. Lets see if the CEO buys more down here.

[hotfinance14] 22/2/2023 07:21

Good to see the chairman has purchased 29,876 shares.

[seanyboy] 22/2/2023 06:13

Yesterdays share price movement definitely was a big surprise to me! Just how did the price hold up with such a disappointing trading statement and with the nasdaq tanking plus general market negativity. I really was expecting sub 3 pounds! I can only assume something positive for GBG is on the horizon but for now I will observe from the sidelines

[muscletrade] 21/2/2023 12:00

One could argue that the meagre revenue increase of c4% has been paid for by the the purchase of Acuant at c.GBP547 million.At this rate it's going to take virtually forever for payback despite synergy savings. I wonder how long it's going to take before asset value of Acuant is written down.

[hotfinance14] 21/2/2023 09:57

It looks like the market had built in the impact of the maco economics and thus no huge impact on the share price

[bulltradept] 21/2/2023 09:29

Technology!

[mngf] 21/2/2023 09:08

Why is this share loved so much!

[muscletrade] 21/2/2023 08:33

Meagre revenue growth even 12 months after the acquisition of North American Acuant....yet the PE still reflects High growth multiples.

[seanyboy] 21/2/2023 08:28

Alas more neg news from gbg will be surprised if it holds 300p - it can regain its mojo but when?? Patience is over-stretched now with this once apon a time gem - maybe all good things do come to an end but for now I will transition to the sidelines & observe

[hotfinance14] 21/2/2023 08:27

No and I only expect it to close about 5% down.

[bulltradept] 21/2/2023 08:18

Will it break below £3.00 on a smack down today, one wonders?

[hotfinance14] 21/2/2023 08:14

Thanks for the correction.

Not good news but not a disaster.

[redwing1] 21/2/2023 08:12

£279m of revenue now forecast actually, but still not good.

[hotfinance14] 21/2/2023 08:01

So from the latest Edisson report we have for FY23 forecasts :

Revenue £293m (Includes $4.2m US stimulus)
ADJ operating profit £67.3m

From todays trading update :

Revenue £273m
ADJ operating profit £60m

[simon gordon] 21/2/2023 07:23

Is this one of the worst deals in recent times for a UK listed company?

November 2021:

"GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has conditionally agreed to acquire the entire issued and to be issued share capital of Acuant (the "Acquisition"), a leading US Identity Verification and Identity Fraud prevention business, for a cash free, debt free enterprise value of $736 million (c.£547 million).

For the twelve months ended 30 September 2021 Acuant generated $58.1 million in revenue, an increase of 22% on the year to 30 September 2020, with the business continuing to trade strongly on a like-for-like basis since September."

February 2023:

"At our interim results in late November 2022, we reported on the trends that had been impacting our end markets for identity services, most notably the challenging conditions for cryptocurrency and our internet economy customers. These challenging conditions have continued into the second half of the year and given the relative concentration of these customers in our North America business this is the region where we are seeing the most pronounced impact. We have also seen some incremental lengthening of sales cycles, also in North America, as a result of the macro-economic uncertainty and this has delayed some expected customer contracts."

[hotfinance14] 21/2/2023 07:21

Unexpected trading update.It was on the cards with the current economic climate.

[seanyboy] 10/2/2023 06:22

What I mean is the days of ONLY positive news flow from GBG is a distant memory. Any new investors will do so in the hope of another bid but that is foolish and desperate investing. I still have substantial holding in this stock but where it is going right now would not have a clue

[simmsc] 10/2/2023 00:43

This is a bid risk indeed, but analysts are still moving their EPS forecasts down every few weeks, so anyone interested in taking this over will sit back and watch while this is still going on as they can get it cheaper and cheaper. Once the EPS forecasts stop getting revised downwards they will probably act.