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GB Group

November 2022

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:
  • 393p
The shares are off sharply after the cessation of bid talks. At the same time, GB also put out its H1 trading update and said it expects to report H1 sales of £133.8m, +22.5% including contributions from its recently acquired Acuant and Cloudcheck businesses. Organic growth is +3.7%, which was  below the 12-14% FY guidance range due to the Identity division seeing crypto volume declines versus last year. Here GB earns revenues from cryptocurrency platforms like Coinbase as they verify new users (predominantly) as well as perform reverifications. Crypto hit record growth in calendar 2021 but has since fallen back. H1 EBIT is expected to be £28.1m, equivalent to a c. 21% margin.However, the statement notes other identity sectors cont ...

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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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