Tom Winnifrith Bearcast: from Sefton to Bidstack, corporate lying is fraud but at last 1 regulator is smelling the coffee
Notes from Underground: The most-read stories of the week, and the dramatic rise and fall of Cannabis stocks
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
A half-year trading statement from identity technology group GB (GBG) emphasises “trading performance is in line with expectations, with underlying organic revenue growth of 11%” and “our pipeline is looking strong… we remain confident in meeting full-year consensus revenue and profit expectations”. The shares have though responded currently more than 5% lower towards 480p. Hmmm…
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
Having previously concluded on identity data intelligence technology group GB (GBG) in 2014 that, although the growth potential looked to justify a relatively high valuation and the shares were down from in excess of 160p, they’d need to trail significantly further before I’d consider the risk/reward of the prevailing valuation favourable, the shares reached almost 350p last month. However, the following updates with they currently sub 250p…
Identity technology group GB (GBG) has updated that in results for the six months to 30th September 2014, to be announced on 24th November, it “expects to show an adjusted operating profit of not less than £3.7 million (2013: £2.6 million)” and that “we expect our strong performance to continue through the second half of the year”. The following reviews in the context of the announcement having helped the shares approaching 4% higher to 146p.
Identity technology group GB (GBG) has announced an initial £5 million (including £0.5 million of shares), and up to £6 million, acquisition of Transactis, an aggregator of customer transactional data and provider of anti-fraud and marketing-related services to both the private and public sectors in the UK. With I having previously doubted the stock market valuation of GB, the following updates.
Shares in identity technology company GB Group (GBG) currently trade slightly higher today, at 149p, on the back of an AGM update of a “strong start to the financial year” and with the board “confident that GB Group will deliver another year of positive progress”. The following updates my April view – with the shares then at 145p – which concluded that the risk/reward was not then overly appealing for a share purchase.
Identity technology company GB Group (GBG) has announced £11 million of new shares at 137.5p each have been conditionally placed with institutional investors to help fund a deal to acquire DecTech Solutions Pty Ltd, an Australian provider of established fraud detection and prevention solutions. The acquisition is for an initial £14.3 million, and up to £20.5 million, and with the announcement also adding that “GB Group has achieved a stronger set of results than was estimated”, the following updates.
Identity technology company GB Group (GBG) is to report results in July for its year ended 31st March “which will be ahead of market consensus”. The following reviews, with the shares currently at 145p, after the trading update and also an update from researcher Edison.
Shares in technology company focused on identity proofing and services, GB Group (GBG) have continued to perform since it announced its CEO had sold shares in the company a couple of weeks ago – currently trading at 144.5p, capitalising it at £159 million. The following updates post researcher Edison also updating its view.
Following its interim results release on Monday, identity proofing and services focused technology company GB Group (GBG) has announced that its CEO Richard Law has sold £270,660 of shares at an average price of 135.33p per share. Does this support my post-results view?
Technology company focused on identity proofing and services, GB Group (GBG) has announced results for the six months ended 30th September 2013 which it emphasises reflect “strong financial and strategic progress” and enable it to be “confident of achieving second half profits in line with current expectations”. The following reviews, with the shares currently up 2.7%, at 135p, in response.
Having closed at 139.5p the week before last, shares in identity technology company GB Group (GBG) have slipped back to a current 131.5p despite it last week announcing it “has achieved a strong set of results in its half year to 30 September 2013” and that “we enter the second half with confidence and momentum”. So is the slippage justified?
Commissioned researcher Edison is paid by companies to produce research. It thus tends to adopt a rather upbeat tone in its report. IT stock GB Group (GBG) has served up a strong trading update for the first half year today but even Edison struggles to argue the shares are cheap.
AIM-listed identity technology company GB Group (GBG) has updated that it has “had a strong start to this financial year as demand in the market for online identity intelligence services with international capabilities continues to grow… and remains confident that GB Group is able to deliver a performance in line with current market expectations”. But is the good news in the price?
AIM-listed identity technology company GB Group (GBG) has announced a £1.32 million acquisition of CRD (UK) Ltd, the UK's sixth largest criminal records disclosure umbrella organisation, with a criminal record disclosure system which currently processes over 55,000 checks a year. This follows the November 2012 acquisition of TMG CRB in the same field and will make GB the UK's largest criminal records disclosure umbrella service...
Shares in AIM-listed identity technology company GB Group (GBG) have been strong performers since 2009 lows of 16p and having traded below 60p as recently as May 2012, they currently trade at 97p – capitalising the company at £105.5 million. This follows results, released today, for the year ended 31st March 2013…
AIM-listed identity technology company GB Group (GBG) has complemented an “ahead of market consensus” March update with a more detailed trading statement which has helped the shares more than 5.5% higher thus far today, to a current 98p.
Shares in AIM-listed GB Group (GBG) have been strong performers over recent years – commencing 2010 trading at 21p, they currently trade at 94.25p – capitalising the company at more than £100 million. Following a trading update last week, does value remain here?
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