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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gbgi | GBGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 114.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 114.50 | 114.50 |
| Top Posts |
|---|
Posted at 19/9/2017 16:55 by masurenguy "Having only IPO’d in February, small-cap GBGI Limited (LSE: GBGI) flies under the radar of most investors. However, I’ve put this company on my watchlist today thanks to its dividend potential.GBGI, or to use its full name, Global Benefits Group, is a leading provider of international benefits. In plain English, the company is a provider of insurance products such as life, health, travel and disability. Business seems to be going well for the group. For the six months to December 31, the company reported a 12.2% increase in gross written premiums, total revenue growth of 22% and a rise in pre-tax profit of 10.7%. The balance sheet also looks robust with a solvency ratio of 160.6% reported at the end of the fiscal first half. It looks as if this positive trading performance has continued into the fiscal second half. According to a trading update published today, for the full year, revenue is expected to be 23% higher year-on-year and the value of gross written premiums exceeds $200m. Based on these early numbers, management plans to announce GBGI’s maiden dividend alongside its full-year results, which are set for release in a few weeks. City analysts are highly optimistic about the company’s dividend prospects. Indeed, an initial dividend payout of 11.2p is projected, which implies a dividend yield of 6.9% based on GBGI’s share price at the time of writing. It is still a relatively small business compared to rest of the global life insurance market. In 2015, the market had total gross written premiums of $2.5trn, so at the current run rate of $200m, the group’s market share is less than 0.01%. This means the firm has an enormous runway for growth ahead of it as it captures market share, and that’s why GBGI has made it onto my dividend-growth watchlist." |
Posted at 05/6/2017 13:12 by corbeta I noticed at the weekend that a recommendation by the tip sheet Growth CompanyInvestor is available for download from GBGIs internet site: ......... it contains a good summary of the business together with forecasts. |
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