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GB Group

January 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GBG
  • Price:
  • 434p
I met new CEO Chris Clark and finance director Dave Wilson during the month, the day GB reported its excellent H1. Including a full six months from IDScan (two months last year) and a first six months from PCA, sales jumped by 40% to £52.6m (12% organic excluding one large once off software contract), operating profits increased 101% to £10.4m and eps went up from 3.6p to 6.1p. Operating margin lifted by 6% to 20% helped by a maiden contribution from PCA.Clark’s remit is to grow GB internationally. It’s early days and international was 30% of total sales with the growth mostly driven by its ID verification service, ID3global. DecTech, which is mainly used by large banks and manages the process of opening ban ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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