Gb Share Discussion Threads

[slimjim1] 09/5/2024 13:09

Thanks Cambium, do you have a link to that note?

Last note i found was - Liberum: GB Group in a more stable position
GB Group (GBG) is vulnerable to an approach, but Liberum says investors should buy the identify verification and fraud prevention company for the rerating.

Analyst Andrew Ripper retained his ‘buy’ recommendation and target price of 415p on the stock, which climbed 17% to 302p on Tuesday after the year-end trading update confirmed the company had ‘stabilised after the dilutive acquisition of Acuant and two years of earnings per share downgrades’.

‘Trading and guidance support our view that organic growth should accelerate in full-year 2025 to 5%, cashflow is strong and we have raised our full-year 2025 profit estimates by 1.5%,’ said Ripper.

The Entrust approach for GB Group’s peer Onfido at five times sales is almost twice the multiple of GB Group’s and ‘highlights the value [in the latter] and is the first indication of a return to corporate activity in a sector where GB Group still looks vulnerable to an approach’.

[seanyboy] 09/5/2024 11:32

I cant find SPEC where is it what is it thx

[cambium] 09/5/2024 08:24

DB target at 550

[slimjim1] 07/5/2024 12:57

chart setting up nicely


free stock charts from uk.advfn.com

[brucie5] 07/5/2024 12:10

Re. SPEC - not one I'd ever heard of. Will take a look.

[frances2] 07/5/2024 12:02

Also SPEC brucie

[brucie5] 07/5/2024 11:21

Yes - seriously good chart.

[frances2] 07/5/2024 08:57

looking a bit good

[slimjim1] 01/5/2024 14:56

decent volume today

[melody9999] 23/4/2024 12:13

the rns references 9 analysts. Can anyone share any updates that any of them have put out today. I subscribe to Research Tree who cover 7 of the analysts but they only provide info to institutions. Unfair playing field.

[marktime1231] 23/4/2024 12:04

A very positive response to what, according to the precise rns, was pretty close to in line with forecasts. The good news is that growth has picked up and is expected to continue, and capping costs is boosting the bottom line.

Still a long way off where we once were though, and it is hard to imagine a bid would take us back to the highs of 2020. Heads down and deliver then.

[wolansm] 23/4/2024 11:06

If memory serves me this went up even more in the past it was either 60p or 80p

[wolansm] 23/4/2024 11:04

I'm not for a buy out here, but if it did occur would hoover it up. This market can only get better...... but GBG no more stupid takeovers please as that was the killer blow

[kemche] 23/4/2024 10:53

Looks good. Buyout cannot be far.

[brucie5] 23/4/2024 10:00

This looks to be back in full bull mode; not sure whether it's more indicative of the business or the market, which has hitherto been ignoring good news and punishing the bad. Recently there have been a slew of large >10% moves of shares I hold, largely with oversold, div paying characteristics such as CLIG, PAY, & POLR. GBG is obviously a share 'in recovery', which many will be seeing in terms of any possible retracement of the glory days when it went up to £9. Does/can history repeat in this case?

[melody9999] 23/4/2024 09:40

edison ceased coverage...part of cost cutting I guess

[seanyboy] 23/4/2024 08:50

I would hope that positive updates like todays and regaining some stability would eventually entice a suitable bid

[hotfinance14] 23/4/2024 08:45

Edison should give us an update soon.

[gucci] 23/4/2024 08:36

any broker notes today

[everton448] 23/4/2024 08:16

Very positive reception by the market

[hotfinance14] 23/4/2024 07:12

Very positive trading update and good to see net debt falling significantly.

GB GROUP PLC

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



FY24 trading update



Strong finish to the year with adjusted operating profit above expectations



GB Group plc, (AIM: GBG), the experts in global identity and location software, today provides an update on trading for the financial year ended 31 March 2024.



The Board is pleased with the Group's performance in FY24. The Group expects to report revenue of £277.3 million, driven by growth accelerating in Identity during the fourth quarter as anticipated. Adjusted operating profit¹ is expected to be slightly ahead of the top end of current analyst expectations², reflecting the excellent progress achieved throughout the year to drive simplification and cost-effectiveness in our business.



· We expect to report revenue of approximately £277.3 million, representing growth of c.2.7% on a constant currency basis.



· As anticipated, improved fourth-quarter growth of approximately 5.0% on a constant currency basis was primarily driven by an acceleration in Identity, as a result of improving trends in the Americas and EMEA. Growth in Location remained solid, while growth in sales of software licenses in Fraud slowed following two years of higher growth.



· Expected adjusted operating profit of approximately £61.2 million is slightly above the top end of current analyst expectations², driven by a focus on simplification and cost-effectiveness delivering £10 million of annualised savings. This would represent year-on-year growth in adjusted operating profit of approximately 8.0%, excluding the £3 million foreign exchange gain in the prior year.



· Strong cash generation in the second half has reduced net debt to around £81 million, which was better than current analyst expectations².



· Looking to FY25, the Group expects mid-single-digit revenue growth on a constant currency basis, which will drive high single-digit growth in adjusted operating profit, as a result of the operational efficiency gains achieved in FY24.



Dev Dhiman, CEO, commented:



"I am proud of our achievements during FY24 reflecting the focus and effort of the entire GBG team. While continuing to support our customers around the world, we have also improved our ability to drive profitable growth by driving simplification throughout the business.



We have begun the new financial year with good operational momentum, and our confidence in FY25 is underpinned by the Group's strong fourth-quarter performance. By prioritising competitive differentiation and a high-performance culture, we will ensure GBG capitalises on the exciting market opportunity presented by an increasingly digital world."



Notice of results



GBG expects to report full-year results on Tuesday, 11 June 2024.

[faz] 23/4/2024 07:12

I think thats a very good update

[hotfinance14] 25/3/2024 06:18

Trading update 23rd April 2024.

[lomax99] 18/3/2024 08:52

Adding on the recent retrace.