Gb Share Discussion Threads

[muscletrade] 15/6/2023 07:07

Well, there's the impairment(write down) for the Acuant purchase. Hardly a surprise.

[expleaseme] 14/6/2023 21:21

Expectation on past years is that results announcement will be inline with the April trading update - they are required to announce without delay any material difference (up or down) to the expectation set. Have also found that trading update is usually marginally lower than final results.

As nothing has been made public about a material difference, I'm not expecting fireworks with the results - more steady as she goes - with the unknown element being the clarification of the final dividend and potentially some Board change given Nick Brown's departure earlier in the year.

Not expecting any concurrent announcement on a bid (they can't control this) but hoping for some good news on customer wins.

Not certain where Rabbrooks (post 8124) has heard about GBG's Annual Report being late - the results announcement is based on auditor clearance so printing the Annual Report is just a logistical matter after the results announcement. If he meant the results are delayed then there would be an announcement with reason and revised date. There would also be a world of pain for all involved (see Alphawave's recent issues). Rab, would be interested to know what is going to be late, and what revised date has been notified?

[doobz] 14/6/2023 16:58

Really strong intraday bounce, bet that shook a few people out

[aishah] 14/6/2023 16:16

Hoping for a bid here.

[rabbrooks] 14/6/2023 15:48

It appears that GBG are running late with their Annual report. Seems ominous!

[hotfinance14] 14/6/2023 13:08

MM's may be after stock and the share price could recover this afternoon. That's what i am hoping. The CFO purchased shares not too long ago so I would expect the news to be positive.

[doobz] 14/6/2023 12:24

Thanks HF, will have to hope for something half decent after today's drop. Doesn't look great for the time being, people must be nervous

[hotfinance14] 10/6/2023 22:03

We have the FY23 results on 15th June.Hopefully a positive outlook.

[doobz] 09/6/2023 17:29

Looking sadly weak here now, have to hope it doesn't hit new lows next week

[wolansm] 10/5/2023 11:53

If this decline continues I might... might take a few more again.... £10 is way way a long long time away.... I hope I'm wrong....

[wolansm] 04/5/2023 07:56

What will that change... it's done

[hotfinance14] 04/5/2023 07:40

Email the CFO with your views and see what he has to say,

[wolansm] 03/5/2023 11:23

Wasn't well thought out then... was it

[hotfinance14] 03/5/2023 11:07

The acuant deal at £7.35 per share combined with macro economics related to the Ukraine War.

[wolansm] 03/5/2023 11:03

Looking back how on earth did this reach £9.80. Then shortly after settling around £8 make a bid to drop to this level. Answers please...

[daisylove] 25/4/2023 13:31

On Gucci's point about the NT site, I wonder if the MMs exploit the fact that he has bought knowing his followers will then buy in? It seems quite remarkable how he captures the pivot point and then the stock rises. Why can't the fund managers do that?!

[hotfinance14] 24/4/2023 07:18

Good to see our CFO purchase 10,000 shares bringing his total holding to 65,000.

[kalai1] 21/4/2023 09:17

GB Group issued a pre-close trading update for the year to 31 March 2023 yesterday. The Group expects reported revenue to be £278.8 million (FY22: £242.5 million), representing growth of 15.0%. Adjusted operating profit is expected to be £59.8 million (FY22: £58.8 million), representing a margin of 21.5%. Net debt was roughly steady at approximately £106 million. Chris Clark, CEO admitted that "the difficult global macroeconomic environment has impacted performance in certain parts of the group, particularly our GBG Americas Identity business." But overall Group performance has still been solid. Valuation is reasonable, if not outright attractive, with forward PE ratio at 17.9x, PS raatio at 2.91x both average for the Software & IT Services sector. The share price remains in a near 2-year correction and lacks positive momentum accordingly. There is no rush to buy but GBG is a share worth monitoring for the longer run...

...from WealthOracle

[gucci] 20/4/2023 17:07

he posted around 3 pm so cant be him

[marktime1231] 20/4/2023 16:31

So er um who was it moving on, what have I missed or mistaken?

[gucci] 20/4/2023 16:29

I see Robbie Burns (Naked Trader) has bought into GBG

[hotfinance14] 20/4/2023 16:10

'No forecast or outlook to grab hold of, but who knows what to expect since the CEO/CFO responsible for wasting our fortunes on Acuant have quietly moved on.'

The CEO is Chris Clarke and the CFO is David Ward. They did the Acuant deal and are still with GBG. Am i missing something ?

[marktime1231] 20/4/2023 11:24

Hard to know what to make of those numbers. Trivial organic growth, but positive operating financials in £ thanks to favourable exchange rates. And the reverse on debt which hasn't moved in £ terms because reduction progress wiped out by adverse exchange rates.

No forecast or outlook to grab hold of, but who knows what to expect since the CEO/CFO responsible for wasting our fortunes on Acuant have quietly moved on. The business can't all be hooked on US bitcoin punters, can it? Until we get tangible comments on trading perhaps all we are seeing is market relief that this isn't getting any worse.

In the absence of a restoration to what was a bubbling market place, and given the new c-suite, it is more likely we will be hearing about an internal strategic review (direction setting, refinancing, organisational cost cutting) than renewed interest in a predatory acquisition.

[wolansm] 20/4/2023 11:23

Really...there much I could say but will refrain and take the easy road .... Filtered

[seanyboy] 20/4/2023 11:04

Rose to 6.50p per share - far cry from current price - but current price looks stable at least and that hasn't always been the case of recent - only think that would raise imo is if tech market went north or a bid - the latter is a decent shot at the current price