Gb Share Discussion Threads

[mastermatto] 21/10/2016 15:00

And we begin to fall.

Hold tight people - the rocket ship ends here.

[fruitninja84] 21/10/2016 14:44

Well that was a bad trade costing me 4% guess its going to 240? Gotta use those tight stops in these volatile markets!

[alphabeta4] 21/10/2016 09:55

I've been thinking a bit about whether Richard Law can provide us any clues here. From the 26/9 RNS:

The Company announces that Richard Law (GBG's retiring Chief Executive Officer) has today notified the Company that he has exercised options over a total of 243,458 Ordinary Shares awarded in 2013 under GBG's Share Matching Scheme(*) .

Following this and the transaction detail below, Mr Law has increased his beneficial holding to 1,429,237 Ordinary Shares (which represents 1.07% of the issued share capital of the Company) and continues to have options over a maximum of 653,536 Ordinary Shares.

In line with the usual practice, he sold 134,250 of the Ordinary Shares exercised at an average price of 348.112 pence per share to cover the exercise costs incurred and tax liabilities arising in respect of the exercise of these options.

If he is still a net buyer of the shares only 4 weeks ago (he could easily have sold these options citing pending retirement) this suggests to me that he doesn't feel there is an issue here. On a separate point I bet he wants to go out on a high (especially given his remaining interest) and will be working hard to ensure these last few months are a strong finish - he's hardly going to want to go out on a warning.

[seanyboy] 21/10/2016 08:23

some had previously suggested that gbg would be snapped up by a competitor. Well shouldn't that be now!? What price though?

[fruitninja84] 21/10/2016 08:16

Had a few for my breakfast after researching lastnight. Paying a high price for quality imo.

[miked500] 20/10/2016 19:33

Thats what happens to small cos on SETS

[melody9999] 20/10/2016 19:12

Business as usual update results in an 18% drop in SP! Good thing it wasn't a profit warning.

"The Board remains confident in the outlook for the full year"

I look forward to the results next month and trust they will not be on the same date as a NCC annoucement... suspect dubious read across accounted for 10%+ of the fall here today

[wolansm] 20/10/2016 17:27

Didn't expect this and can see no good reason behind it, so will move more cash in, still think someone wants in cheap

[mfhmfh] 20/10/2016 17:13

a few big buys late on...let's see what tomorrow brings.

[alphabeta4] 20/10/2016 17:08

Quite - luckily not even 2% of my portfolio which gave a chance to add a little. Normally adding after a big drop is a big no no for me but it was a trading in line statement?! Not like it's the first time a government department has been slow on a rollout and it's not like all their work is with the private sector. This looks like a one off to me and it's not even GBG's fault.
Saw a similar thing with PHTM earlier in the year off a delayed Japanese ID card rollout. Share price dropped to £1.27, now £1.54 along with a 6p dividend. Can see a similar thing here IMHO.

[seanyboy] 20/10/2016 17:05

yeah that's true! But nontheless we got tainted with what went on elsewhere - never catch a falling knife comes to mind but it should perk up at some point with results in just over a month - question is how low does it go before it perks up!

[gswredland] 20/10/2016 16:47

Not exactly bad news. Looking to add

[seanyboy] 20/10/2016 16:16

I said any bad news and this stock would get mauled - well that day has come! It was some ride though!

[1861andy] 20/10/2016 16:16

To be down over 20% does seem over reaction but markets have been hammering any type of bad news for past year+.

I was stopped out this morning below 300p

[davr0s] 20/10/2016 16:14

Crikey - complete carnage here today

[hotfinance14] 20/10/2016 15:41

I expect the share price to recover back to over 300p very soon.

[mfhmfh] 20/10/2016 14:49

hxxp://money.aol.co.uk/2016/10/20/why-has-this-stock-slumped-by-12-today/

[mfhmfh] 20/10/2016 13:33

I agree, I think stop losses were triggered below 300p.

[wolansm] 20/10/2016 13:19

These were heavily marked down on very small volume I reckon a few stop losses were triggered and someone is happy to accumulate at 280. So by that rational I have topped up good few, ahhhhhh the days when 5K bought 20000 shares that is so far away


Buy buy buy in my opinion and by by to this level soon. Aimo of course but you got to be in it to win it perhaps experion are the accumulators then perhaps not

[hotfinance14] 20/10/2016 12:56

Lets hope they are in contact with them.

[alphabeta4] 20/10/2016 12:46

Could GBG win any of these?!!

[mfhmfh] 20/10/2016 11:47

NCC was a profit warning and I can understand the share price drop there.

I don't really understand the share price drop here but what do I know.

topped up a bit on these today.

I think this should be 400p a share. IMHO.

[hotfinance14] 20/10/2016 09:43

I just see the news on NCC :


Shares in cyber security and risk mitigation group NCC Group nosedived after it warned that profits growth will be hit by "a number of setbacks" in its assurance division that included the cancellation of three large contracts the deferral of another and delays with other contract renewals.

[hotfinance14] 20/10/2016 09:23

NCC ?

I agree price action is an overreaction.

[tudes100] 20/10/2016 09:18

doubled my holding today, not helped by NCC perhaps