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GB Group

November 2023

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:
  • 230p
GB’s H1 24 trading statement shows the first shoots of recovery with monthly transaction volumes in Identity stabilising. Overall, constant currency growth was 2% at £132.4m and excluding crypto, which was the pro-forma base used in FY23, growth was 3.3%. Year-on-year, opex costs are down c.£6m with savings coming from integration/simplification. Operating profit was impacted by FX hedging distortions and before FX, profits grew from £21.9m to £23.4m, helped by cost efficiency measures. Based on forecast eps of 15.5p, the PE is 14.8 and GB could easily attract a predator at double the price. Results are due 28 November. Buy. ...

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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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