Gb Share Discussion Threads

[expleaseme] 20/4/2023 10:45

Hi @hotfinance14

the chatter at the time was that the bid was circa £5.15 per share at time share price was circa £4.20 - price then rose to circa £6 per share on the back of the speculation. To my knowledge, nothing was formally tabled.

hxxps://capital.com/gb-group-gbg-bidding-war-advent-permira

[contact2fsnetcouk] 20/4/2023 10:43

Wol

"Im here only for the business property relief for my adult kids." That's what they all say ! :-)

[wolansm] 20/4/2023 09:47

I think yesterdays buyers are todays sellers looking at rough volumes, moving upwards now but really need more good news. Im here only for the business property relief for my adult kids.

[hotfinance14] 20/4/2023 09:16

I think Wol topped up yesterday. Fantastic timing with the share price up over 10% as I type.I expect the market was expecting some negativity in this mornings update.Onwards and upwards.

[hotfinance14] 20/4/2023 08:39

It would be interesting to know what the original bid was for.Obviously much lower than what GBG would even consider.

[aishah] 20/4/2023 08:29

GTCR free to table another bid if they wish before price runs here imo.

[hotfinance14] 20/4/2023 08:12

The market likes the update.

[nigeldoug1] 20/4/2023 07:21

Looks like Acuant has been a disaster. Bring back Richard Law who knows how to do acquisitions.

[hotfinance14] 20/4/2023 07:19

Trading statement this morning as expected. No suprises with profits per guidelines.

[expleaseme] 19/4/2023 20:34

Thanks @wolansm. Just checked the RNS and noted that GTCR LLC's withdrawal from bidding was announced on 4 October 2022. So it would appear that the 6 months is just up.

Not certain what is happening at GBG lately. Long serving MD (Nick Brown) left last month without any fanfare or congratulatory message in teh announcement. Long serving Group Commercial Finance Director (Richard Jarvis, has been there since 1996!) also left this month to be CFO at Ladbible.

Also announced last week that Acuant (purchased last year) is now not a brand name of GBG but instead has been subsumed into the existing IDology business - a brand it purchased in 2019.

Hope they know what they are doing.

[seanyboy] 19/4/2023 16:25

Think the most recent director purchase was @ 3.33 - at the current price that is quite a fall - can't always put too much faith in an inside trade but you would think it signals some hope for better things ahead!

[wolansm] 19/4/2023 13:29

Must still be a multi bagger for you as it is for me, maybe time to monetise, I'm going to sit on my hands a bit longer, my plan is to get a few more into isa

[hotfinance14] 19/4/2023 12:58

I don't see a comeback as I think in initial talks GBG probably said we won't even get into talks unless you bid X which is a lot higher then they expected. I could be wrong but they are my thoughts.

I rememebr the CFO bought a tranche of shares for £8 plus so he will want the share price to get back where it was a few years ago.

[wolansm] 19/4/2023 12:05

Not entirely sure but I think the 6 months is out, I reckon PI would dive on a bid now, it's a shame the board squandered this away IMO with the takeover but might still be proven wrong, Mr Hot do you see a comeback

[expleaseme] 18/4/2023 17:18

Hi @saj3

in line with previous years, I'm assuming that as there has been no news from GBG since that trading update in February 2023 that this week's pre-close trading update will (subject to audit) be in line with, but no worse than, the expectations set in February.

Last year's bidder will also, I assume, soon be out of its statutory 6 month preclusion from making a bid.

[saj3] 12/4/2023 16:09

Going to wait until next update

[hotfinance14] 12/4/2023 15:20

What is SCSW ?

[aishah] 12/4/2023 14:04

Taken a position here.
Eps 2023 fcst 15.5, followed by 16.9 and 19 two years out.

SCSW had a full write-up in the last issue at 341p. GTCR now able to table a bid - previous one was a rejected > £5. dyor

[lomax99] 01/4/2023 18:21

I voted with my feet and sold up!

[simon gordon] 28/3/2023 11:44

I'd guess there are some big write downs to come for the Acuant acquisition.

That deal looks a disaster. No shareholders tried to stop them, they ponied up £300m to let them buy at the top of the market.

[aishah] 28/3/2023 11:26

SP at multi year lows now.

[hotfinance14] 24/3/2023 09:06

Aegon NV from the Netherlands have took a 5.011% holding in GBG.

[aishah] 23/3/2023 13:31

What was the market cap at the time?

[gymratt] 23/3/2023 11:44

Hi AISHAH,

The day before (5th Sept)the news of the possible offer surfaced the share price was about 445p.

On the 6th of September it rose to over £5.