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GBG Gb Group Plc

291.40
-11.20 (-3.70%)
Last Updated: 15:35:18
Delayed by 15 minutes
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
  -11.20 -3.70% 291.40 386,542 15:35:18
Bid Price Offer Price High Price Low Price Open Price
290.20 291.80 305.00 288.60 305.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 278.81M -119.79M -0.4743 -6.15 737.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:35:18 AT 30 291.40 GBX

Gb (GBG) Latest News

Gb (GBG) Discussions and Chat

Gb Forums and Chat

Date Time Title Posts
23/4/202412:13GB Group in massive tie up with BT.8,254
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
14:35:18291.403087.42AT
14:35:18291.409142,663.40AT
14:35:18291.40224652.74AT
14:35:18291.404301,253.02AT
14:35:18291.406341,847.48AT

Gb (GBG) Top Chat Posts

Top Posts
Posted at 23/4/2024 12:13 by melody9999
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.
Posted at 23/4/2024 11:04 by wolansm
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
Posted at 23/4/2024 10:00 by brucie5
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?
Posted at 23/4/2024 07:12 by hotfinance14
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.
Posted at 30/1/2024 12:25 by marktime1231
It is a fair point. Very easy to say "in-line" without referring to what the expectations are, and they are not easy to find. It would be more helpful to remind us what the full year expectations are, or link to where we can find them. As far as I can see Edison are no longer being paid to cover GBG.

The outlook summary in the annual report last year said there was confidence in hitting FY24 profit expectation but also gave no numbers. In October we got ...

"Overall, we expect first-half adjusted operating profit of approximately £23.7 million. The ongoing focus on simplicity and efficiency underpins the Board's confidence that GBG will deliver its FY24 profit expectations"

... so again no numbers. The previous narrative was for slightly improved revenues in H2, we got a slight contraction in H1, but modest progress in operating profit thanks to "efficiencies". I seem to remember at half way being disappointed that hitherto tremendous debt reduction progress had stalled.

My guess is we should expect FY adjusted eps of around 18-20p, so adjusted operating profit £46-50M. In other words a flattish performance. Good enough to sustain this level of share price but no more, it will take a much more exciting growth-based outlook to restore our fortunes.
Posted at 30/1/2024 07:14 by hotfinance14
GB GROUP PLC

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



Directorate change

Trading in line with expectations



GB Group plc, (AIM: GBG) the experts in digital location, identity verification and identity fraud software, confirms that, further to the announcement of 8 November 2023 and a successful transition period as CEO designate, Dev Dhiman has today formally taken up his Board position as CEO. Dev replaces Chris Clark who, as part of the CEO succession plan, has now stepped down as a director of the Company.



As expected, trading during the third quarter to the end of December 2023 reflected a continuation of the trends reported in the first half. As a result of progress delivered from our efficiency and simplification initiatives, the Board remains confident in meeting its FY24 expectations.



GBG will publish its full year pre-close trading statement in April 2024.
Posted at 08/11/2023 07:30 by hotfinance14
Retirement of Chief Executive / Appointment of CEO designate



GB Group plc, (AIM: GBG) the experts in digital location, identity verification and identity fraud software, announces that Chris Clark, the Company's Chief Executive Officer, has informed the Board of his intention to retire as CEO and will step down from the Board with effect from 30 January 2024, and will be available to the Company until 30 July 2024.



Following the conclusion of a rigorous selection process by the Nomination Committee, the Company is pleased to announce that Dev Dhiman has been promoted to Chief Executive Designate. Dev will assume the role of Chief Executive Officer and will join the Board on 30 January 2024. In the meantime, he will work closely with Chris to ensure an orderly handover.



Dev joined GBG in November 2020 as Managing Director, Asia Pacific. During the past three years our APAC business has consistently delivered year-on-year revenue growth and Dev has demonstrated excellent leadership qualities aligned with GBG's people-focused culture. Previously, he spent 12 years at Experian, where he held a variety of senior positions, he has considerable knowledge and experience of the sector and the markets in which we operate.



Richard Longdon, Chair of GBG, said: "On behalf of the Board, I would like to give our thanks to Chris for his significant contribution over the last 7 years, his passion and dedication will be missed by everyone at GBG and we wish him the very best in his retirement. I am delighted to be able to announce Dev's appointment as CEO designate. During our selection process it was clear that Dev's deep understanding of GBG, its markets and potential, make him the ideal leader to replace Chris. We are confident that he will work together, with the excellent Executive Team, to lead GBG through the next phase of its evolution."
Posted at 01/11/2023 11:57 by marktime1231
GBG will come again. The timing of the Acuant acquisition was not the problem except with hindsight perhaps, so much as the ridiculous high price paid, as we know and felt at the time. Let's remain hopeful. I agree the momentum of debt reduction has petered out, but this is still a company making a healthy profit out of providing in-demand tech services in the world's most important market.

GBG was a universal favourite pick for good reason two years ago, everyone was excited (then). Does one flat half-year really mean ex-growth?

IC a laughing stock in recent years, a contra-indicator, sometimes wise after things have unfolded, sometimes not even then. They are particularly good at switching to a Sell when the stock has already hit rock bottom and rising, and will shift to a Hold or Buy after the share price has appreciated.
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?
Gb share price data is direct from the London Stock Exchange

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