Gb Share Discussion Threads

[marktime1231] 03/2/2024 09:55

Thank you, here is the link for future reference ...



Although I have to say it doesn't add up:

1) Total voting rights eg shares as at 31 Jan 2024 was 252,575,253 as per the rns



2) Half way adjusted profit was £23.7M according to the trading update



3) So a full year adjusted operating profit, with modest 8% growth in H2, gets us to £49.3M.

4) Adj eps = adjusted op profit / shares = 49.3 / 252.575 = 19.5p. That was the basis of my estimate on 30 Jan post #8224

5) GBGs "expectation" from the above link to consensus forecast gives a median of £60.2M adj op profit (eh - where did the extra £10M come from?). And yet they give a median adj eps of just 14.8p, equating to only £37.4M of earnings.


Have I got my sums crossed?

[amt] 03/2/2024 05:48

Thanks for info. So far I am happy having invested a few months back largely because Herald had a large stake.

[charlotte2020] 03/2/2024 05:40

Some good turnover here lately large trade announced after close

[wad collector] 02/2/2024 18:37

Good to see a substantial bounce these last few weeks, I am reminded that IC called a Sell in October, they more or less called bottom!
Unfortunately we came in at 810p so long way back up.

[skanking] 02/2/2024 12:52

The market expectations are found in the investor section on the website ((Analyst Coverage & estimates). The median EPS for the 9 analysts covering GBG is 14.8 for FY24 and 17.1 for FY25.
It will be interesting to see how the new CEO moves things on. It seems that there's a line under the unfortunate acquisition of Acuant as most of the senior execs involved have been moved on

[seanyboy] 30/1/2024 14:41

Yes ur last sentence nails it share price will follow market sentiment up or down and will only move thru the gears when reports suggest they are back on track

[marktime1231] 30/1/2024 12:25

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.

[seanyboy] 30/1/2024 08:33

They already published them - no need for a repeat!

[hotfinance14] 30/1/2024 08:14

If you search for the latest edison report you will see the figures.

[amt] 30/1/2024 07:25

What are the expectations. Why don't they publish them with these updates.

[hotfinance14] 30/1/2024 07:14

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.

[brucie5] 09/1/2024 10:54

Quiet on here; chart looks very promising. Once over £3 I would venture a bowl to 4/5 level/

[melody9999] 22/12/2023 09:12

dunno but suspect this is a takeover target. debt reducing nicely after previous acquisition overpayment a couple of years ago

[davemac3] 15/12/2023 11:03

is that a inverse head and shoulders on the chart?

[hotfinance14] 04/12/2023 13:53

Good to see the FD has purchased 10,000 shares.He now has 97,000.

[simon gordon] 28/11/2023 12:51

At least, the CEO who oversaw that top of the market deal is leaving. Gives a chance for the new CEO to come in and rebuild credibility in the market.

[marktime1231] 28/11/2023 12:47

Blaming US writedowns on revised assumptions about exchange rate and interest rates rather than the obvious problem that the board paid way over the odds in the first place?

Otherwise no surprises since the trading statement, so a harsh share price reaction today. Irritation perhaps that they dare start the official report with "We are pleased ... " when they have nothing to be pleased with themselves about? Or disappointment that the weak outlook they have is to be "broadly inline"?

I remain hopeful that things will get better. At some stage.

[hotfinance14] 28/11/2023 07:35

Good results announced this morning apart from the below :

Impairment of goodwill

Significant increases to central bank interest rates since 31 March 2023 have resulted in an increase in the pre-tax discount rate applied to the US cashflows in our impairment assessment, from 12.3% at 31 March 2023 to 13.0%, which has resulted in an exceptional non-cash goodwill impairment charge of £54.7 million. More detail can be found in Note 13 to the accounts.

I must admit I don't fully understand this.

Net debt only down to £95m but should be substantially lower by year end.

[marktime1231] 21/11/2023 13:16

Good report from tiny rival Intercede saying they are trading well ahead at half way. Maybe some good news to come here too?

[simon gordon] 20/11/2023 07:41

Fundie discussing GBG at 47 minute mark:

Vox Markets - 7/11/23

Vox Markets Fund Manager Series: Alexandra Jackson of Rathbones




Yearly chart


free stock charts from uk.advfn.com

[melody9999] 18/11/2023 07:44

If I was CEO and knew the company was going to be taken over, I'd hang around

[wolansm] 17/11/2023 23:06

Pish that's your words pure utter pish

[aishah] 17/11/2023 20:37

Revenue fcst of £282m and a mkt cap of £651m. Why would this be attractive to bidder? I am sceptical having previously thought it would be bid for. Times are so different now. Net Debt £107m

[amt] 17/11/2023 16:50

Yes a likely takeover target as is GHT and perhaps SCE

[hotfinance14] 08/11/2023 07:30

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."