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Have held these shares since they cost just pence to buy, so already have made an excellent return for me. The annual dividend s alone have refunded my initial investment and more. It is my belief that they will be bought by one of the major players at some time so I am awaiting this takeover. Recent slump is an opportunity to buy into a proven growing company in digital technologies.
Hi CM,
Not been around too much of late but thought I'd have a quick look back in here. £8 at around Xmas and then c£4.7. Just goes to show how some funds can manipulate these low liquidity AIM stocks to their own ends. Looks like SL were selling a few, which is fine by me. Major holders balance portfolios all the time. Swed Bank seem to have bought some but I can't work out how many (does anyone understand these bloody forms?). Sure CV19 has knocked back everything but this sort of drop goes way beyond that.
GBG's business model should be highly CV19 resistant (service provider, most staff can network from home or anywhere else, mainly a subscription based model, etc). It's subject to the same problems everyone is having but it won't be hit to the extent of 40/45% of EBIT. In fact this year to March should continue the strong growth given it's the first full year with the new acquisitions on board. New year outlook will clearly be uncertain but I would guess only for new business, the basic ongoing subscriptions will continue. But who knows, we just wait and see?
MattC got out and good luck m8, I've been in here a long while and it's continued to deliver over a very long period. I don't see that changing any time soon. You just have to accept that it doesn't stand still as it used to and ride the waves if you can.
Nice recovery both here and on just about every market over the last 2 days. Markets generally like the more decisive action now being taken across the World. Even Trump's ridiculous assertions that it will all be over in 3 weeks can't dent the new optimism. Long, long way to go but at least the dithering has stopped and we have something resembling a plan. There will be more ups and downs as the news ebbs and flows both here and on the markets in general but the End of the World has been pushed back a little.
CM, hope Mum and you are well. Stay safe and keep Mum secure and isolated if you can. Not easy I know. Mrs BT and me are in that 'at risk' age group and so are at home now. It's amazing how long the list of jobs that she's found for me really is. I could be here all year!
Don't know whether you are set up yet with a trading account but I switched everything to AJ Bell 9 months ago. Not as cheap as i-web but cheap enough and I am very happy here. Might be worth a look if you have yet to decide.
Still a lot going on here. Old house is being knocked down and we have the asbestos guys here. They don't need to self isolate, it looks like a moon landing down there. Space suits, breathing tanks, etc. To think we lived in there for 36 years. House was built in the 60's and asbestos is in boards, artex, kitchen floor tiles. You name it - it has asbestos in it. All covered up over the years as we redecorated but they have to remove every trace. None of the nasty stuff but it all has to go before the diggers move in, whenever that is.
Anyway must go, take great care one and all. Take no chances with this damn virus and stay safe
Dont knock coronavirus. It allowed me to sell out of this POS and switch into an alternative company that is well managed and has great potential and was trading at a massive discount. Best of luck to those still in.
Thanks for your post barchid. I am having a look - no great rush as things stand.
Regards
CM
Try i-web (halifax bank) £5 a trade no periodic fees or Jarvis x-o, £5.95 a trade.
Both are simple, reliable platforms
Hope all is well with everyone here.
Regarding the market; well, when the tide goes out all the boats tend to go with it, rightly or wrongly. No telling how far the market will fall before there is a turn around. You would think that the market that GBG caters for wouldn't be so badly affected unlike some. General panic seems to be the order of the day. It will of course blow over in time.
I have been looking to open another share trading account but struggling to find a broker who isn't going to charge me an inactive fee and/or an annual fee as a % of my holdings. Had my previous broker, SVS, not gone bottoms up I would have been buying into SUK2, (goes up in price when the FTSE goes down) and up 50% over last month or so. NOT a tip.
The market will turn. Until then, I'm sitting this out and will await any buying opportunity.
Sincere good luck to all.
Regards
CM
Nice to see GBG was up at £8 last year. Yield is only .4%. All the best for 2020 though I have a worry about the future being rather opaque! I am down with a US share Chequemate - FCX - but hoping for good things.
Hello BT and folks. Hope all is well. Have noticed GBG has fallen back from its' all time high. Not unusual of course for GBG to fall back before advancing again.
Nearing a possible re-entry into the stock market. I am in the progress of opening a trading account with another broker, after my previous one SVS Securities went into administration. Thankfully of course i was out of the market by then. The market has advanced since the general election and the Tory majority. Think much of it was a relief rally that at last the market has something to go on now the way is clearer for Brexit (whether we agree with it or not). Not sure what the market will do after 31 January, but there will always be opportunities out there with the right company at the right time at the right price. And of course, just because a share price has risen doesn't mean it won't or can't rise further; nor the other way round too.
Bit out of practise re. shares having been out of the market since November 2018. No rush to get back in, in truth. Don't know where I will find the time to research as I use to; seems much of my spare time found has been taken up by other things, not sure what though.
BT - I hope you have come to terms with the new kitchen appliances telling you what you are doing wrong and resetting things. Thought that was the role of Mrs. BT!. Does she know she has competition?!. No such complications here. Trying still to get to grips with the heating but have found supply of firewood to see me through this winter all being well. Sometimes the easiest and basic solution is the most effective - like shares. We can over complicate matters trying to find an answer.
Good luck to all.
Regards to all
CM
Hi CM,
Thank you for the Xmas wishes and the same to Mum and you. We too are finding things veeeeery different, having lived in our last home for almost 36 yrs. We are also still coming to terms with our air source new heating (it learns how you like your heating and water...….oooohaaah!) and the new kitchen appliances that all keep telling me I'm doing it wrong and resetting everything. We'll get there I guess.
Anyways we are looking forward to our first Xmas in our new home and I hope you are too.
Been a truly fantastic year here, who'd have thought we'd be knocking on the door of £8, 6 months or so ago. A fantastic year from a fantastic company that just keeps on delivering year after year.
I bought at 35p(ish) those many years ago and like you I've sold along the way. I remember when it hit £1. That felt like winning the lottery! But you can't hold forever. I still have about 50% of my original holding from about 16 years ago and I've added some more this year, having sold a few earlier in the year. I'm probably GB's biggest fanboy and it dwarfs all of my other holdings so long may this run continue.
Bumbling Boris won, or rather Corbin and his tribe lost. I am a capitalist and a Tory at heart but don't have much time for Boris. He lacks substance, conviction, dedication (other than to himself) and has absolutely no attention to detail whatsoever but against Corbin and that ridiculous Labour policy manifesto he couldn't lose. And they added student loans and WASPI women for another 120 or more billion. How was any of this borrowing ever going to be paid back other than getting high earners to 'pay a little bit more'. Complete and utter nonsense. Shame when some of the stuff in there about equality, workers rights, etc made a lot of sense but it all got lost in the mire. So we have Boris and we did get a Boris bounce and maybe he will be brilliant, who knoes. He has cash to throw around so let's wait and see, after all we have no real choice in the matter.
My Jura is sitting here looking at me and needs attention so have a Great Xmas and New Year CM (and Doze if you are still looking in) and all of the rest of the holders here.
Here's to another cracking year in 2020.
Very best wishes and Merry Xmas to all
BT
For me even as a Leave voter the choice is still straight forward. Labour will put up CT to 26% from 19% currently, not to mention numerous other taxes. This will hit all my UK based investments such GBG. We live in an increasingly global economy and if you put up taxes too much you simply make the UK uncompetitive and companies will have the choice of either staying and competing at a disadvantage to lower tax rate companies that exist in countries with lower tax rates or they will simply up and move. Either way the UK suffer's. I wouldn't want my sister to be married to Boris but then I'm voting for a PM not a Bother in Law.
Bob Hope once said of the U.S Presidential election between Ronald Reagan and Jimmy Carter that it wasn't so much a matter of voting for the lesser of the two evils as voting for the evil of the two lessers. How apt for our general election (again!) between Boris Johnson and Jeremy Corbyn, can either be trusted?. This is the first election when I truly at a loss of who to vote for any party. For the first time ever I may not even vote but don't like that idea either. Regardless I will stay out of the market for the forseeable future and until I have another broker lined up.
Very good to see how GBG has progressed over the last year since I sold out. I expect there to be more turbulence naturally but GBG so far have managed each time to battle through and risen each time. To think I initially invested at around 60p, about the same as BigTosh. However, the whole point of investing is making the most of the gains and knowing when to take them, otherwise there isn't much point. Long live GBG.
BT - good to hear all appears well with the new abode after all this time. Dare say the wait has now proved worthwhile. My first winter at my new spot. May need some of my gains from GBG to sort the heating. Super efficient modern day electric heaters (not!) look great but costly - think previous owners were taken for a ride by hype. Bit like some shares, don't believe everything we read.
Good luck to all and although a little early, Merry Christmas and a prosperous and Happy New Year (I don't post much these days).
Regards
CM
director selling to take advantage of the spike and the end of the closed period no doubt has spooked the SP today. Throws up a buying opportunity I think as we are 20 p (lowest case) 70p ( optimistic case) off fair value. Will maintain a watching brief for now.
A rare good call by me Moorey :). Pity we have slipped below 700p though on profit taking today. I would like to see us finish above that tomorrow to make me think that 750p can be achieved. The market is currently bouyant and will get a further filip is US/China talks are resolved which would I assume drag GBG up in tandem. I think it has further to go too but trading might be worthwile as well as buying the dips.
You were spot on with your post of 24Oct Fallingknife1. My opinion is that with non-UK revenue exceeding UK revenue for the first time, this company will start attracting international interest as growth accelerates. GBG has a long way to go yet.
A very strong reaction as the market woke up to these. I cant believe how long it took to assess the results and send the SP hurtling upwards. A new trading range ( year high?) so maybe some profit taking tomorrow but I think 750p is realistic now as a short-term target. I need to reassess though what point these would be overbought. Great share for me so far.
A reaction at last. To be fair I din't expect much as the results just confirmed more or less what was already announced. Medium to long term the prospects look very good.
Peel Hunt today reaffirms its buy investment rating on GB Group PLC (LON:GBG) and raised its price target to 768p (from 626p).
and yet muted market reaction. It was ever thus with GBG. There is enough in the update for me to add to my holding. Very strong non-uk growth which will be useful post-Brexit.
A quiet board for a very exciting company. Following the trading update at the end of October I took the plunge on this one and am eagerly looking forward to next weeks interim results. Organic revenue growth of 18% underpinning successful acquisitions is a powerful combination.
Hi CM,
Hope you are still looking in here and that both Mum and you are keeping well. I have been so tied up with finishing the houses that I haven't been on here for quite a while. Done now - hip hip - and despite being completely knackered I am very happy now that the family have moved into their new homes. Never doing anything like that again!
Sorry to hear about Mum's diagnosis but it sounds like she has the best of care and long may that continue. We hear so much about how the NHS is falling apart and failing but whenever we have needed it, it has been truly excellent. From what you say, it looks like the same is true for Mum and you. The befriending service isn't something I've had any experience with but it must be wonderful to know that Mum has some regular caring contact like that, particularly so with winter approaching. As you say, unsung heroes, like so many in the health and care sectors. These sectors need serious new funding from whomever wins the election.
Your lucky escape from SVS was just that. A number of brokers seem to be having hard times. I guess your investments/cash would have been safe but at the very least they would have been tied up for some considerable time. I started an age ago with Nat West Stockbrokers who then sile to TD, who then sold to Interactive Investors (there may have been someone else along the way somewhere). I went from a no cost portfolio to paying II something like £30 a month given the way I'd apportioned up the accounts. Complete bloody rip off. Ok if you trade regularly a few times each month but I trade now and then and generally hold for the long term. Now with AJ Bell, much better and a lot cheaper.
Fantastic update here from GBG. In many ways as expected given the size of the acquisitions but these weren't incidental add-ons they were very significant and it's great to see how well they have been absorbed into the whole and how well the cumulative profit has been maintained. Really strong organic growth, excellent new market access and a terrific outlook. I can't see how it could have been any better. We obviously hit new highs as we should, given the update but who knows where we will go in the short term. Far too easy these days for one or more of the big holders to simply cycle the sp up and down using available bot programs. Long term I am very happy to continue to hold and see this continue to grow.
CM, stay out of the markets until into next year at the very least. Brexit and now the election will continue to stress the markets until 2020. You are probably now settled in your new house and if our experience is anything to go by, that's expensive enough without worrying about stock prices.
Have to go for now but will be back. Best wishes CM, stay warm look after Mum, and wrap up when you are out in the forest.
Best wishes
BT
Yes great update. Definitely one stock to tuck away for the long term. Looking forward to the divi increase once the debt is paid off.
I agree, this SP of this company has been held back in the last 12 months by the downturn in the FANG stocks, but these results suggest serious good times ahead. I've long thought that this company is a potential FTSE100 member, and I won't be selling till GBG joins that club.
and the acquisitions are really paying off. Gb group is worth 700p imo. Swung from a net cash position to debt but paying it down quickly. When debt is paid down then there will be good scope for divi hikes and a boost to the yield. Looks 20% undervalued to me.
Although I haven't traded since November last year and moved all my funds out of my SVS account, I still thought my account was active. I went to look at my trading record yesterday evening and found I couldn't log in, not even being able to get into the SVS web site. On looking closer I noticed on Google there were articles about SVS going into "special administration" at the begining of this month!. Anyone with funds and/or shares in their SVS account are unable to access them or do anything at all until the FCA has investigated thoroughly which could take months. Just as well I moved all my funds into my bank account to enable me to have enough funds to buy my house at the end of May!. Had I been looking to move now I would have been completely stuck and any move would have fallen through. Doesn't bare thinking about and all the ramifications it would have had for all concerned. Good luck to all who have SVS accounts; they are covered up to £85,000 (way above what I had in funds) and truly hope they don't need the funds in the immediate future. Just shows none of us know what is ahead. Probably using a well known, reputable broker is worth paying a little more for their services.
Good luck and regards to all
CM
Good evening BT
hope all is well on all fronts. Looking at your last post and the date of it, it looks like you may have moved into your new abode by now. Sorry it has taken me a while to reply. To be honest, I don't look into things much these days and only noticed you had posted when I checked things over yesterday evening, so it is a bit of a catch up. Trust everything has gone well and that you are now settling in with nothing has caught you out. It can be somewhat unsettling initially but most times things work out well. Still getting use to things in a different neck of the woods here, so much more peaceful and relaxed though.
Thanks for your kind comments re RR. Yes, she has been diagnosed with dementia. She has some excellent care, although at present she doesn't need a great deal. There is a befriending service which I can not praise enough. Elderly folk can feel so isolated and lonely so they play a heroic role. Unsung heros. I was last with her a few weeks ago when the last of the work was being done to re-instate the house after the header tank damage done in February. Thank goodness all the work is done. Mum will now (should now) feel much more at ease which should help the overall situation greatly. I expect another visit sometime in September, or sooner, as required.
Re Brexit......well, will it ever be over?. And now we have Boris as PM!. If ever they are looking for leading roles for a remake of the film Dumb and Dumber, then they need to look no further than Trump and Johnson. Trump, fearing people are forgetting he is the centre of the Universe has decided to take another swipe at the Chinese with the consequential affect on the markets. "Will no one rid us of this "meddling priest (President)!" Things can only get better.....can't they?!.
Yes, staying out of the market for the time being seems to be the best play, for me anyway. Hardly any of the shares I held at the time of selling out, have risen above what I sold out at, GBG excepted (although not a great deal) and BOO (which I feel is likely to take a thumping when folk react to fast fashion, wear it once and throw it away, in the same way as they have done to plastic in the environment). To be honest, I feel far more at peace and wonder just how I had the time to be constantly checking and re-checking anything and everything to do with my investments and potential investments. Maybe I will re-invest before year end. GBG, well, yes they do seem to be holding up well, compared to other companies. They have a great deal to offer as always and have never disappointed. They seem to be stuck in a range between somewhere around 530-600p. Still a large number of A trades though, algorhythms (sorry about spelling) by the looks of it. Never happy about that, never was. Seems we need to identify the game and deal with as best we can.
Best wishes to Mrs BT and the not so puppy puppies!.
Regards to all
CM