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GB Group

October 2005

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:
  • 36p
The shares have trended sideways recently although new customer signups for its electronic identity verification service, URU, continue apace. During the month, Numis initiated coverage with a Buy note (setting a 69p target) noting that GB has been signing around three new customers a month and the number of customers moving from trial sites to active use continues to grow. Unusually, the broker’s forecast for the current year to end March is a small profit of £0.4m versus a similar loss expected by house broker Peel Hunt. Numis’ target for 2007, when URU delivers its first ever profit, is £2.6m pretax and 3p. Keep holding. ...

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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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