Gbgi Share Discussion Threads

[cwa1] 06/11/2018 08:25

Blimey, not much interest here!

[cwa1] 16/8/2018 13:20

Another small tick up so far today

[topvest] 10/8/2018 17:18

Hmmm broadly in line means slightly below and more exceptional costs.

[cwa1] 10/8/2018 07:29

Trading Statement



The Group saw continued growth in the business across its diversified product and regional footprint during H1 2018, recording year over year growth (adjusted for the Group's exit from the Angolan market in 2017) in gross written premium ("GWP") as compared to the same period in CY 2017.



The Group anticipates that GWP and underlying net income (adjusted for certain one-off non-recurring expenses) for the full 12 months to 31 December 2018 ("CY 2018") will be broadly in line with initial expectations.



The non-recurring, one-off expenses incurred in 2018 are estimated to be approximately USD $2.8 million including a USD $2.0 million investment in the Group's distribution channels.



Reporting dates



GBGI will be announcing its interim results for H1 2018 in September 2018.





Bob Dubrish, CEO of GBGI commented:



"We have a strong start to the third quarter and we are confident in our business model and that we are making good progress on our 2018 initiatives."

[cwa1] 31/7/2018 11:08

Slight signs of life here. Anyone heard anything?

[topvest] 16/6/2018 15:13

You may be right. Absolutely nothing wrong with Guernsey. Lovely place. I'm talking about the fact that this is a US company, not listing in the US. One of the backers appears to be running for President and is involved in lots of philanthropic causes. Not a red flag, but just couldn't see why listing in London was needed. I wish you luck, but I'm just going to watch.

[trek3] 16/6/2018 13:11

Hi Topvest, I don`t know if you could call a Guernsey based
company overseas, I live in the Channel Islands and know how
well regulated they are, a listing on Aim with a small market
cap seems about right, plus non exec bought a shedload on the
dip, I myself bought at the same price.There are no guarantees
in this market but this seems kosher.

[topvest] 16/6/2018 12:30

I think the question I'd like to know is why they listed this on AIM?

After having made a mistake on Gable Holdings, I'm not going to trust overseas insurance companies on AIM unless they have a big UK operation or Lloyds syndicate, which this doesn't.

I looked at this quite closely and it looked attractive, but something didn't quite feel right and so I will watch from the sidelines.

[trek3] 16/6/2018 08:13

just got my dividend bang on time,
a nice £90, more to come from this one!

[trek3] 14/6/2018 15:35

Rob, your right about liquidity, hopefully get sorted out in future,
dividend payment date should be June15, lets see what happens!

[robsy2] 13/6/2018 17:56

looks good but not much liquidity.
R2

[trek3] 27/4/2018 09:38

bought in on wednesday, been watching for a while mainly because
I live in the channel islands, always interested in local based
companies, lot of financial accumen here, don`t think these guys
will be mugs, plus had a look at the chart, two nice gaps to fill,
well worth a punt.

[topvest] 26/4/2018 16:08

Do we trust management is the big question? Angola came from nowhere. What next?

[cwa1] 26/4/2018 07:31

That's a fairly hefty commitment unless he gets a LOT of pocket money:-

[hatfullofsky] 23/4/2018 15:28

Certainly impacted by Angola but state it should be a one off.

Revenue growth 30.6% / underlying PBT $16M / Cash $93M / Net Assets $48M

MCAP 67M at 77p


"The [Angolan] business restructuring may have an impact on the groups insurance rating" [24/07/17 A.M. Best raised the outlook to stable from negative and affirmed the financial strength rating of "B++" (Good) and the long term issuer credit rating of "bbb" of GBG Insurance Limited.]


Focused on re-inforcing the solvency ration (dividend impact)

IFRS 17 is expected to have a significant impact on accounting for life insurance contracts as well as on the presentation of insurance contract revenue in the financial statements.

The impact of this new standard on the Group is still being considered.

[cascudi] 23/4/2018 09:26

Sorry read wrong... 1p

[topvest] 23/4/2018 08:23

Something doesn't quite feel right about this company. Did look at it a while back, but decided to leave it alone. Overseas AIM companies! Glad I did as the Angola problem seems to have come from nowhere, and dividends are reigned back significantly. Why did they list on AIM?

[cwa1] 23/4/2018 07:36

10p dividend is 10% yield... not bad ???

[cascudi] 23/4/2018 07:12

10p dividend is 10% yield... not bad

[cwa1] 26/2/2018 12:12

Just joined the fray here with a small punt in the hope it is a bit undervalued at current levels. Hoping that business is as solid as suggested in the last update.......

[sirgainalot] 07/11/2017 13:10

Exactly. The register is far too concentrated for there to be any liquidity.

The management need to broaden the shareholder base, get the message out, otherwise this will forever trade sideways.

[masurenguy] 07/11/2017 12:42

There are 87m issued shares. Just under 87% are held by the 5 largest shareholders.
The average daily trading volume is circa just 8,000 shares.

[sirgainalot] 07/11/2017 12:11

There is zero trade in this stock.

NO LIQUIDITY.