Gb Group Plc

0.60 (0.2%)
Share Name Share Symbol Market Type Share ISIN Share Description
Gb Group Plc LSE:GBG London Ordinary Share GB0006870611 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 0.2% 297.20 226,949 12:35:49
Bid Price Offer Price High Price Low Price Open Price
296.20 297.20 298.60 295.00 295.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Programming Service 242.48 15.26 6.10 47.80 750.24
Last Trade Time Trade Type Trade Size Trade Price Currency
12:35:49 AT 108 297.20 GBX

Gb (GBG) Latest News

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Date Time Title Posts
10/5/202311:53GB Group in massive tie up with BT.8,119
05/12/201306:45G B Group1
04/4/201208:20GB Group2
05/5/201117:56Great Basin Gold - Canadian-quoted producer1
13/12/200719:19Profit from ID Fraud Prevention with the market leader2

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Gb (GBG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Gb (GBG) Top Chat Posts

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Posted at 21/4/2023 09:17 by kalai1
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


Posted at 20/4/2023 10:45 by expleaseme
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.


Posted at 19/4/2023 12:58 by hotfinance14
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.

Posted at 23/3/2023 07:33 by hotfinance14
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.

Posted at 22/2/2023 15:10 by seanyboy
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
Posted at 22/2/2023 06:13 by seanyboy
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
Posted at 04/10/2022 11:39 by hotfinance14
Response to S tatement by GTCR

GBG notes the statement by GTCR LLC ("GTCR") that it is no longer evaluating a possible offer for GBG and that it is consequently bound by the restrictions under Rule 2.8 of the City Code on Takeovers and Mergers (the "Code").

GTCR first announced it was considering a possible cash offer for the Company on 6 September 2022, in response to media speculation. The GBG Board had early-stage discussions with GTCR in respect of a possible offer for the Company, but agreement could not be reached on terms.

The Board of GBG believes the Company has a long runway of sustainable growth opportunities underpinned by supportive structural drivers such as digitalisation and an ever-increasing need to protect against fraud. The wide-ranging capabilities GBG has developed and acquired over recent years give it a leadership position in the identity verification and fraud markets and reinforce its position as one of the largest pure-play identity software solution providers globally. GBG is focused on achieving its strategic and financial objectives in FY23 and beyond, and the Board believes the delivery of these objectives will create significant value for GBG's shareholders over time.

As a result of the announcement by GTCR, GBG is no longer in an offer period for the purposes of the Code.

Posted at 08/9/2022 15:57 by seanyboy
It is a hard one to call how the share price will shape up with the deadline offer date still a few weeks away. No doubt if offer was removed share price would tank - to where depending on market conditions but lest we forget the share price was hovering at around 430p just around two weeks ago! I am loathe to sell any of my GBG shares but I did just that ie approx 33% of my substantial holding. It was hard not too with such a sudden acceleration in the share price & with the daily doom & gloom in the broader depressed market. Plus I needed some cash flow for travels. However I am confident that over time GBG will keep on accelerating - offer or no offers - and that they remain a solid growth stock!
Posted at 06/9/2022 18:10 by marktime1231
Yes it feels too soon to see the benefit of GB Group's bold acquisition in to the US market, but I guess the slide in cable means the GBG share price looks dirt cheap if it already wasn't.

And yes I am in to this up to £9+ when some of the insiders sold off, so it had better be a great offer, clock ticking to 4 Oct. (edit - no, actually my highest price was a rebuy at 850p having sliced some at 940p.)

No I can't find any press speculation, this is GTCR's stable ...


Funnily enough I was feeling grumpy last week that none of my speculative stakes had enjoyed a boost from a take out; oh well.

Worth a speculative add or should we wait and see?

Posted at 28/1/2021 07:23 by hotfinance14
Succession Plan for CFO

GBG is pleased to announce the appointment of David Mathew Ward to its Board as its new CFO, replacing Dave John Wilson, who is stepping down from the Board and retiring as CFO and COO after 12 years. It is anticipated that David Ward will join GBG on 17th May 2021, with Dave Wilson leaving at the end of June thereby providing sufficient time to complete an orderly handover.

The Board would like to thank Dave Wilson for his significant contribution to the growth and success of GBG during his time as CFO. During Dave's tenure at GBG the Group has evolved from a small UK operation to a truly international business with over 65% of revenue generated outside the UK (as per 6 months ended 30 Sept 2020), customers in over 70 countries and team members in 16 countries. Over the same period, GBG has increased its market capitalisation more than 100x, from c. £14.2m in April 2009 to c. £1.7bn today.

David Ward is a highly experienced, successful and well-regarded business leader who has spent the last 10 years with AVEVA Group plc ('AVEVA'), the FTSE 100 global software group. Prior to the merger with the software business of Schneider Electric, David was CFO, subsequently becoming Finance Director & Company Secretary of the enlarged group. During his time with AVEVA, the company has scaled financially and geographically, with David leading a number of M&A projects, as well as restructuring finance, business operations and processes. David is an economics graduate and a qualified chartered accountant, having spent his early career with Ernst & Young. The combination of his experience, drive and culture makes him an ideal fit for GBG's next stages of growth.

David Rasche, Chairman of GBG, said:

"I would like to thank Dave Wilson for his 12 years with GBG, during which time he has been a key member of the Board helping to transform the business and deliver outstanding shareholder returns. In terms of product portfolio, customer focus and success, international growth and delivering shareholder value, GB Group has come a long way from the business Dave joined. Dave is highly respected by our investor community and by all his colleagues in the business.

"I know that Dave will remain a good friend of the business and we wish him well for his retirement.

"After a thorough and rigorous search process initiated with Odgers Berndtson, the Board is delighted that David Ward has agreed to join GBG as its CFO. David has been key to impressive growth and financial governance improvements at AVEVA over his tenure and I am confident that his experience will be an asset to GBG as we continue our own growth story".

Chris Clark, Chief Executive of GBG, said;

"I'd like to thank Dave Wilson personally for his focus and support since I joined GBG four years ago. It has been a pleasure working with him. As we continue our ambitious growth journey I am delighted that David Ward has decided to join me and the GBG Board. During the search it became clear that David has really strong experience of leading a business along an international growth trajectory, similar to what we have ahead. We also believe that his style will be a great fit with the culture of GBG, something that we are very careful to nurture and evolve."

Dave Wilson, CFO & COO of GBG, said;

"It has been a privilege to work with past and present team members, who are the essence of such a great business. My 12 years at GBG has been fun and rewarding, which has given me many proud moments. It is the right time for me to move to non-executive roles, and I thank the Board, our team, advisors and the investment community for their support over the years"

Commenting on his new role, David Ward added:

"The fundamental strengths of GBG's products and the opportunities which exist for the business within its markets, made this opportunity instantly compelling. Having met various members of the Board and Executive, it became clear that the culture and focus of the business are important strengths. It is rare to find a business with the market opportunity, strategy and ambition to deliver, combined with the culture to succeed. I will be joining GBG at a very exciting chapter in its growth journey and look forward to leveraging my experience of international expansion and finance operations to enable further success building on Dave's impressive legacy."

As part of David Ward's remuneration, upon taking up his appointment ('Date of Grant') he will receive an option over 150,000 Ordinary Shares in the capital of the Company as compensation to match the earnings and incentives forfeited on leaving his previous employer (the 'Compensatory Options'). The Compensatory Options will be issued at an exercise price of 2.5 pence per Ordinary Share and will vest in equal tranches on the first, second and third anniversary from the Date of Grant provided he still holds the position of CFO of GBG on the respective dates. In addition, vesting of the second and third tranches will also be subject to achievement of EPS and TSR performance targets in line with the Group's objectives and beyond. The Compensatory Options are valid for a period of 12 months from the vesting date.

Gb share price data is direct from the London Stock Exchange
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