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Holding for the ultra long term may not be too mad
I didn't invest 10 years ago (error), and didn't follow GBG at all
Turnarounds are tricky, so there is still plenty of risk here
I paid 145.48p for mine nearly 10 years ago, so I've seem them all the way up and all the way back down again.
It was Naked Trader Robbie Burns who first made me aware of GBG (he had them from 20p).
You seemed to be questioning my questioning of winning's wisdom
selling at around the 7 year low when things look like they are turning is weird, but not greedy
"Yes, but equating 950 with 280 shows a basic lack of maths"
No idea what you're implying.
I regret not selling these when they were 950.
Just need profitable growth to return and this will flash up
tp £8++
Jolly
Indeed, I've just added, I think this looks a compelling sector and GB is one of the biggest in it.
Sit, wait & be patient I think on this, not that I've been a holder for very long, but have watched its meteoric rise and its even faster decline until it just looked a no-brainer...
Time alone will tell.
Yes, but equating 950 with 280 shows a basic lack of maths
Not selling out @950 is a much bigger regret...
Selling out @270 could be one of life's regrets
if the new ceo turns the business around, the re-rate here will be spectacular
Quietly moving up each week.
Peel Hunt raised its rating to 'add' from 'hold.'
Good luck guys, the gap at 250 still needs to be filled
Not clever at charting, but this looks beautiful
Axa Investments in for 5%
https://www.lse.co.uk/rns/GBG/holdings-in-company-c387x244h0sszn4.html
I have topped up today.
Becomes super enticing
tp £5
Classic 2/3rds retrace from bottom would have been 227 ish...just sayin'
Struggling here
shorting/selling down here seems to make st sense, but, in the overall scheme, they must be a little nervous about fundamentals (or worse t/o) risks
Management has been close to a disaster, but there is a new (dynamic?) CEO who knows the business..there must be plenty of efficiency savings (either organically or through t/o)...and then there is the dreaded resumption of top line growth as Identity stops being smashed
EV/rev is ludicrously low, no???
It could easily retest 200-220 in a dull market
below 180 seems a stretch given what we currently know of the business and prospects imv
Bought a few back at 241....it could still go lower if the whole market tanks.
Oh...
Can't see what in the results is a surprise, but GBG is a traders plaything (so what doesn't break up must breakdown)
What will fcf next year be? (£50-60m?)
What average year-on-year growth? 5-10%?
If that happens then an EV of £700m looks cheap imv
But clearly EV of £600m (sp c £2) would make an even better play
It's cheap growth, as long as management doesn't mess up again
I've got my wish.
Is it a coincidence that the sp has been rising?
The purchase seemed to be part of this
Price still ticking up
https://www.lse.co.uk/rns/GBG/holdings-in-company-vf5106bzmwzctqp.html
Big trade this afternoon, seems to be a buy but can never be sure.
240.035 233,482 Unknown* 560.44k O