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
  6.40 1.53% 424.60 342,993 10:56:12
Bid Price Offer Price High Price Low Price Open Price
424.20 424.80 426.80 420.00 420.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 242.48 21.65 7.10 59.8 1,070
Last Trade Time Trade Type Trade Size Trade Price Currency
10:58:36 O 235 424.64 GBX

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30/6/202219:04GB Group in massive tie up with BT.7,845
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Gb Daily Update: Gb Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker GBG. The last closing price for Gb was 418.20p.
Gb Group Plc has a 4 week average price of 383p and a 12 week average price of 383p.
The 1 year high share price is 976p while the 1 year low share price is currently 383p.
There are currently 251,885,638 shares in issue and the average daily traded volume is 3,006,823 shares. The market capitalisation of Gb Group Plc is £1,069,506,418.95.
expleaseme: Hi new to this BB so apologies as may be playing catch up. Agree with Hot, seems very low for the sale by Audax. From the acquisition announcement, the Audax consideration shares were valued at the Placing Price of £7.25 so they are taking quite a hit in order to exercise sale at the first opportunity (6 months after completion). At least Acuant managers are tied in for 24 months before selling. Extracts from announcement: "Under the terms of the acquisition Rollover Shares equivalent to approximately $94 million will be issued to Audax representing approximately 19% of the value of their holding in Acuant. Similarly, Rollover Shares equivalent to approximately $23 million will be issued to Acuant management, representing approximately 28% of their holding in Acuant. The Rollover Shares shall be priced at the Placing Price and the number of Rollover Shares to be issued and allotted to the Rollover partners calculated following determination of the Placing Price." "The Rollover Shares will be subject to lock-up arrangements pursuant to which Audax and the managers receiving shares will, subject to certain customary exceptions, be restricted from disposing of the Rollover Shares owned by them for, in the case of Audax, 6 months from Completion, and in the case of Acuant management receiving Rollover Shares, 24 months from Completion. Audax has further agreed that for a further 6 month period after their initial lock up period, they will affect all sales, transfers or other disposals of their Rollover Shares through the Company's Nominated Advisor so as to help maintain an orderly market."
lomax99: Telegraph today:Questor: it's hard to say anything bad about this tech stock. Here's why we're selling regardlessQuestor share tip: the only concern about GB Group is its valuation – at a time when all tech companies are under pressureCyber security specialist GB Group ticks so many boxes it feels churlish to say anything but nice things about it, especially as we can point to a 150pc-plus paper gain (with dividends on top) since our first look at the business more than five years ago.But the valuation still looks lofty and a lot of similarly well run, well placed, well financed companies are seeing their shares struggle thanks to the one-two punch of inflation and higher bond yields and interest rates. As a result, the economic backdrop may not be conducive and it may be worth taking profits.Granted, it can be argued that this column is behind the curve. Technology stocks have been under the cosh for some time and GB Group, whose shares closed last night at 604p, itself peaked at around 950p last autumn.The shares are however starting to advance smartly from their spring lows, so momentum-oriented investors may well continue to enthuse, especially as last week's full-year trading update read well and has prompted analysts to nudge up their earnings forecasts.In addition, GB Group has a good record of organic growth and has had a knack of finding good acquisitions to supplement its underlying sales and profit momentum. In 2021, the company bought American identity verification and fraud prevention expert Acuant for just under £550m and this year GB Group has snapped up a much smaller business in New Zealand's Cloudcheck to bolster its anti-money laundering skills.But the strong business momentum must still be set against the valuation. The stock trades on about five times forecast sales for the year to March 2023 and about 40 times earnings, on a stated accounting basis.The valuation looks less fearsome on an adjusted earnings basis, which takes into account the impact of amortisation of goodwill and other intangible assets resulting from acquisitions, but it is still about 30 times, according to consensus earnings forecasts.The premium rating, relative to the wider London market, can be justified, given the net cash on the balance sheet, GB Group's growth record and the considerable potential of its target market. And it may be that the share price slide was more the result of indigestion caused by the placing in November of 42.1m shares at 725p apiece to help fund the Acuant deal than anything else.But the valuation leaves little room for any unexpected disappointment and history does suggest that an environment of rising interest rates can hinder the performance of even the best technology stocks. They drive up the discount rate used in discounted cash flow models and drive down the net present value of future cash flows and thus the theoretical fair value of the stock.Time to (very reluctantly) take profits. Sell.Questor says: sell
marktime1231: The ability of GBG to generate cash to repay the loans driving its growth is phenomenal. Not just paying off $40M, but doing so in the 5 months after first drawing the loan. The credit rating must be excellent. Too early still to know how successful the big Acuant acquisition is going to be, but signs are that it is delivering its expensive promise, confirmed by financials slightly ahead of expectation. Phew, a welcome leg up. Well done GBG. I wonder if the commentators who started to have doubts will be rerating, GBG might be back in the tipster columns this weekend.
hotfinance14: Another acquisition : GB GROUP PLC ("GBG", the "Group" or the "Company") Acquisition of Verifi Identity Services Limited (commonly known as "Cloudcheck") GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has acquired Cloudcheck, a leading provider of electronic Identity Verification (IDV), and Anti-Money Laundering (AML) solutions in New Zealand. The upfront consideration payable to the vendors of Cloudcheck is NZ$20 million (approximately £10 million) comprising of an NZ$12 million cash payment and the issuance of NZ$8 million of shares in GBG based on a 30-day volume weighted average share price (equal to approximately £4 million or exactly 580,768 shares) . Contingent upon Cloudcheck's revenue growth, a payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2023. Furthermore, contingent upon Cloudcheck's revenue growth, an additional payment of up to NZ$4 million in cash may become payable following completion of audited accounts for the financial year ending 31 March 2024. Acquisition Highlights · Founded in 2012, Cloudcheck is a leading provider of electronic Identity Verification, and Anti-Money Laundering solutions in New Zealand. · Cloudcheck's Software-as-a-Service revenue model is based on an annual subscription fee plus volume-based usage fee. · The acquisition provides customer upsell opportunities for GBG's global identity data and adjacent Compliance and Fraud Solutions. · In the year to 31 March 2022, Cloudcheck is expected to generate approximately NZ$5 million revenue and NZ$2 million EBITDA respectively. · Before synergies, the acquisition is expected to be immediately enhancing to GBG's overall revenue growth rate, operating margins and earnings per share. Chris Clark, CEO, commented: " We are delighted with the acquisition of Cloudcheck. It has established a market leadership position in New Zealand's electronic IDV market by closely understanding local customer needs and delivering a strong technology-led solution. This acquisition follows GBG's proven model for global identity services: combining our internationally sourced data and expertise with locally relevant capability. The Cloudcheck platform will be able to consume GBG's international data and create an opportunity for our New Zealand customers to benefit from the breadth of other identity and anti-fraud services we can provide. Cloudcheck will also complement GBG's successful approach to its identity strategy in Australasia - providing experienced local presence and best-of-breed domestic product to our customers. " This announcement assumes an NZ$: GBP exchange rate of NZ$2.0462 : £1.0000.
alphabeta4: I don't plan to do this to death but I've already flagged I thought the multiple paid was expensive, just that £7.25 was also a bit silly as it valued the acquisition around a pe of 9. FWIW I expect the price here to settle around £8 in the short term. If you look at the revenue breakdown for the acquired business you basically have one flat revenue division and a rapidly growing subscription business that within a couple of years will take the organic revenue to 25%, hence GBG referring to 'medium term revenue in excess of 25%'. The gearing is a bit harder to work out but clearly even if this is 1.2x then Acuant will be on over 30% organic Eps, rates well in excess of GBG. Seeing that the multiple paid with synergies is similar to GBG forward eps that will then constitute something that with hindsight will look an intelligent deal for shareholders. Sorry that this will sound like stating the obvious but what I'm driving at is I can see how management view this as driving long-term shareholder value, if it was just about the short-term share price then no companies would ever do a placing at a discount.
hotfinance14: Huge...highlights : (the "Company" and together with its subsidiary undertakings "GBG" or the "Group") Proposed Acquisition of Acuant Intermediate Holding Corp ("Acuant") and Proposed placing and retail offer of new ordinary shares to raise up to £305 million GB Group plc (AIM: GBG), the expert in digital location, identity and identity fraud software, is pleased to announce that it has conditionally agreed to acquire the entire issued and to be issued share capital of Acuant (the "Acquisition"), a leading US Identity Verification and Identity Fraud prevention business, for a cash free, debt free enterprise value of $736 million (c.£547 million). The Acquisition brings together two of the leaders in the global digital identity market, with combined revenue of c.£265 million. Strategic Rationale · Combination creates a global leader in Identity Verification and Identity Fraud prevention · Materially increases GBG's US presence and primes the enlarged group for accelerated global expansion · Complementary customer base provides the enlarged Group with significant cross-selling opportunities and customer vertical diversification · Accelerates GBG's data, product and platform strategy by approximately two years · Highly additive in terms of scarce, high-quality talent with combination underpinned by long-standing commercial relationship, shared vision and culture · Entirely consistent with GBG's long term strategy for global growth Financial Highlights · Acuant is a fast-growing, profitable and cash generative business which is strategically aligned with GBG and is expected to enhance the enlarged Group's revenue growth while maintaining its robust margin profile · For the twelve months ended 30 September 2021 Acuant generated $58.1 million in revenue, an increase of 22% on the year to 30 September 2020, with the business continuing to trade strongly on a like-for-like basis since September · Over the medium term Acuant is expected to grow annual revenue at c.25% driven by its higher rate of growth in subscription revenue · Acuant achieved LTM adjusted operating profit to 31 July 2021 of $11.4 million1, representing a 20% margin · With synergies the Acquisition is expected to deliver incremental operating profit of approximately £5 million in the financial year ending 31 March 2023 · Acuant is highly cash generative with cash conversion c.100% and negative net working capital · The Acquisition is expected to be earnings neutral in FY23 (post-synergies), Acuant's first full year under GBG ownership, and to be accretive thereafter Earnings neutral in FY23.Can somebody clarify the meaning of that statement ?
hotfinance14: Superb trading update prior to the AGM today : 2021 AGM Statement GBG (AIM: GBG), the global identity data intelligence specialist, will hold its Annual General Meeting ("AGM") today at 10am at its registered office premises in Chester, UK. If registered in advance, shareholders can attend in person or alternatively arrangements have been made for shareholders to attend the meeting virtually. Following the AGM a recording of proceedings will be available on the Company's website. Ahead of the meeting the Group would like to share the following update which David Rasche GBG's Non-Executive Chairman will read at the AGM today: Overview and Performance Update As reported in GBG's annual results announcement on 15 June 2021 GBG achieved record financial results in a year that presented the most extraordinary global challenges. We are pleased to report that, in line with the Board's expectations, the Company has made a good start to the new financial year. The structural growth opportunities for each of GBG's three business units of Identity, Location and Fraud continue to be supported by consumer activity shifting online. In Identity, the increase in global crypto currency activity during April and May saw consumption volumes in our first quarter remain strong despite some challenging prior year comparatives, which had benefited from the USA government's financial stimulus activity. GBG's Location business continues to experience good demand across a range of sectors driven by the continuing consumer shift to greater online activity. In the Fraud business unit performance recovered in the first quarter of FY22 during which we secured term licence extensions from two large multinational financial services organisations, which will also benefit future years. Investment in GBG's people, technology and channel-to-market capacity has continued and will accelerate through the financial year as further growth-focused capabilities are added. The Company's balance sheet remains strong, with net cash and treasury deposits of £37.7 million at 30 June 2021 and an unutilised revolving credit facility of £110 million. The success we had last financial year, against the backdrop of Covid, along with a strong first quarter this year provides us with confidence for the year ahead. We look forward to providing a further update to shareholders on our trading performance at the time of our pre-close trading statement in October 2021.
hotfinance14: GB GROUP PLC ("GBG", the "Group" or the "Company") Directorate Change Further to the announcement of 28 January 2021, GBG is pleased to confirm that David Ward has today formally taken up his Board position as CFO. David replaces Dave Wilson who, as part of the CFO succession plan, has now stepped down from the Board. David Rasche, Chairman of GBG, said: "Dave has been an invaluable member of the GBG team during a period of significant change for the Group, both in his careful management of our financial position and his valued insight into our growth strategy. On behalf of the Board I would like to thank Dave for his significant contribution over the past 12 years and we wish him all the very best for the future. I would also like to welcome David Ward to the Board. David brings a wealth of valuable experience, is a great fit for the business and the Board very much look forward to working with him as we continue to grow GBG." Dave Wilson, outgoing 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." David Ward, incoming CFO added: "I am delighted to be joining GBG at such an exciting time. I am really looking forward to working with Chris, the Board and the whole team to ensure the continued success of GBG."
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.
stig2: The drop is probably due to director selling, scares people who have not seen it here before with no baring on the firms future. For normal firms it might be a danger signal, but the GBG share price usually dances to it own tune which I must admit has some pretty weird low notes. Still annoyed with myself that I didn't trust my gut and sell to rebuy on the covid sentiment drop, must be getting old and timid I guess, hey ho.
Gb share price data is direct from the London Stock Exchange
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