The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It is but we would lose our shares.
Excuse my ignorance, but is this good news for GBG as a business? A private Equity firm is surely better than a competitor isn't it, and that's why the sudden rise due to these rumours?
850p/900p
Well here's hoping for at least a 725p offer; if it materialises :-)
...and a 725p placing last year.
I also cannot find any press speculation either. If the bid comes in it better be a good price as we had an SP over £9 not too long ago.
Chicago private equity outfit . This from its website: GTCR has a strong history of private equity investment in technology, media and telecom companies within the TMT sector. GTCR has capitalized on the strong growth in information services and technology by investing in a variety of dynamic growth industries that use software, services, media, proprietary information and networks to help companies more efficiently communicate and conduct business with each other.
GTCR’s team of highly resourceful investment professionals continues to actively seek opportunities in software, services, data and information services, technology-based outsourcing and network-based services. We proactively recruit world-class management leaders and entrepreneurs to partner with in these industries.
Since 1997, GTCR has invested in nearly 30 companies in the technology, media and telecommunications sector. Continued advancements and innovations in technology, software, data and networks are creating exciting new TMT private equity investment opportunities for the firm.
I'll be blowed if I can find any press speculation before the rns!
Although I'm not complaining of a possible takeover at the right price.
In response to the recent press speculation regarding GB Group plc (the "Company" or "GBG"), GTCR LLC ("GTCR"), on behalf of certain of its affiliated funds, confirms that it is currently considering a possible cash offer for the Company.
What do we think?
Good isn't it?
Shares have had many bad days without a specific reason lately, so let's just enjoy the ride and not ask too many questions! lol
Just short of 9% up again today at the moment and still can't find any reason to explain why.
Handy little 6% rise for GBG on what is otherwise a dismal day for UK stocks.
Can't see a specific reason but am not complaining.
Update due on Thursday. You will know then.
OK your eminences. Some time ago one of you guys said we'd know more in late July about how the newly acquired bizzen have been integrating. I can't find the post now, but trust me, I wasn't dreaming. Anyway: it's late July. Anyone care to post any illuminating remarks?
Yep. Growth paranoia driving market. But some of my boring ol' things like REITs haven't escaped unscathed.
...of 5m of the company's shares, which a major shareholder will sell to institutions by way of an "accelerated bookbuilding process".
I'm never sure exactly how these things play out against the share price: on the one hand it's never great that a major shareholder wants to be rid of more than half their shares, but, on the other, it's only 2% of total share capital. We shall see.
Running through a number of ticks I hold it seems those with a high PE are getting clobbered the most.
They posted a positive & pleasing results read, but it happened to be on the day the markets had a global temporary crash.
16-Jun-22 Gb Group (GBG) Jefferies Buy - 1,050.00 Reiteration
Yes ,it look like a very good buying opportunity.
Brutal drop today, more than I could have envisioned by reading the recent announcements
Not entirely sure about 'looping upwards'. From past experience, the appointment of a NOMAD and Joint Broker is often the precursor of fund raising by one means or another - and they do have significant debt...
I've had this on my watchlist for ages and was preparing to dip a toe in, but I now intend to wait and see for a little bit longer.
Proposing a 3.81p dividend at their approaching meeting, plus results read very bullish, especially like the following too. ...
GB Group plc (AIM: GBG), the experts in digital location, identity verification and fraud software, today announces the appointment of Barclays Bank plc ('Barclays') and Numis Securities Limited ('Numis') as Joint Corporate Brokers. Numis has also been appointed as Nominated Adviser to the Company with immediate effect.
GBG looks like a good business although it's undergone wild swings over time.
Directors have been buying at £6 or £7 over past months.
Good trading update but maybe the market doesn't like the debt at £100M+ and investors are now after dividends rather than hopes of growth.
Sorry, message sent before it was meant to.
In the past GBG has always recovered and provided very positive updates. On that basis I am not expecting anything different but don't quote me on that one.
Bigtosh, Doze, good to see you still posting here. Hope all is well with you and your nearest and dearest. Bigtosh, expect you are well and truly settled into the house by now and the not so puppies are behaving not quite so much like puppies!. No doubt, Mrs. BT has another list of jobs for you to do, so I will let you get on with them!.
Don't rule me out from re-joining the merry gang on here as an investor. This is pretty much down to the price I sold out some time ago now.
Regards and good luck to all
CM