Gb Share Discussion Threads

[broadwood] 22/10/2018 16:20

GB Group on Monday acquired 100% of Australian identity verification and location intelligence software outfit Vix Verify Global together with selected subsidiaries and assets.

The acquisition, which cost identity data company GBG AU$38.3m (approximately £21.2m) in cash, was expected to bring additional scale to its ID verification and location intelligence offerings in Australia and New Zealand, where it currently provides fraud detection software.

Chris Clark, GBG's chief executive, said: "There are clear growth opportunities between GBG and VVG and this acquisition is a logical step in our strategy to expand internationally, extend the services we offer existing customers and increase our share in existing markets."
Newly acquired VVG ended the year to 30 June with net revenues and profit before tax of AU$21.9m and AU$0.8m respectively, together with net assets of AU$0.1m.
The transaction is expected to be earnings accretive within the first 12 months of ownership due to VVG’s similar and complementary business model and a “trusted and experienced” management team.

"GBG customers already benefit from our fraud detection solutions across the Asia Pacific region. We look forward to broadening our customer conversations to include our combined solutions in identity verification and location intelligence," said Clark.

[hotfinance14] 22/10/2018 14:52

I would expect it to be in the region of £10+ per share.

[barnesian] 22/10/2018 09:33

GBG are getting on with their acquisition strategy of international expansion and acquiring valuable IP and data. The fact that this one is earnings enhancing in the first year is an added bonus.

It is just another step on their path to being a global leader in personal identification - which has to be hot. Who will eventually buy them? Who has most to gain from owning this capability? Whoever it is will let GBG do the hard work of assembling this capability by acquisitions and then make them an offer they can't refuse. Could be two or three years down the road.

[wolansm] 22/10/2018 09:17

Was digging about and found a company called trunarritive ltd, the thing is it the ex ceo of gbg is the start up guy

[hotfinance14] 22/10/2018 09:11

Nice acquisition. They do not make much of a profit but I ma sure GBG can increase this.

[wolansm] 22/10/2018 08:30

Mms just increased the bid and reduced the offer they want shares

[wolansm] 22/10/2018 07:26

We just got bigger..... looking to whooooish

[gswredland] 19/10/2018 17:46

Thanks hot

[hotfinance14] 19/10/2018 09:18

The trading statement should be mid next week.

[wolansm] 18/10/2018 12:25

Sort off, partnership etc can only lead to more business.

[hotfinance14] 18/10/2018 12:04

New customers Wol ?

[wolansm] 18/10/2018 10:00

Just went on to GBg Website.... they have been busy so took more..... whooshing all a wealth increase here

[hotfinance14] 12/10/2018 12:47

We should get back to 600p before the trading statement if we have the same trend as previously.

[wolansm] 12/10/2018 09:44

Inclined to agree, but it feels excessive, I bought a few two days ago and sold 94% at cost so increased my holding by a modest 260 shares now trying to buy back bt, as mentioned previously just feel two many eggs in one basket, The fluctuations are fiercely overdone hence taking some out at £6 and going for high dividend stocks.

[hotfinance14] 12/10/2018 09:22

Wol -I am sure the MM's lower the stock price over a period of time to obtain more shares then sell them at a much higher price. They will be making a fortune.

We are heading back north again.

[hotfinance14] 11/10/2018 16:35

Reversing of the unexplained drops ?

[wolansm] 11/10/2018 16:12

Stating obvious that's a massive share spread on the day, and an extreme finish. Any opinions!!!

[wolansm] 10/10/2018 16:23

I agree hot, there was no reason two years ago, so bought more let's hope I'm right if not!!

[hotfinance14] 10/10/2018 14:41

The fundamentals of GBG have not changed.

[wolansm] 10/10/2018 12:18

Check out two years ago it plummeted hard

[barnesian] 10/10/2018 12:01

This is a bit unnerving.

[wolansm] 10/10/2018 11:16

Half a dozen buys over £20k not bad.

[hotfinance14] 10/10/2018 09:58

It is usually around the 24/25th Oct.

[gswredland] 09/10/2018 17:13

Do we know when the trading statement is guys. I already hold but would like to add now!