Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
GBG price was in the 400s pre-approach. It went briefly over the 600 mark before the Yanks walked away. Don't know what put them off.
The Business Desk, October 2022:
US private equity firm GTCR has decided not to bid for Chester-based identity verification specialist GB Group.
It confirmed today, ahead of its deadline to launch an official approach, that it was no longer interested in acquiring the business as part of a cash bid.
Shares in GB Group rose 10% when the potential approach was first revealed on September 6. They fell more than 20% today after GTCR made its announcement.
The GBG Board said it had early-stage discussions with GTCR in respect of a possible offer, but agreement could not be reached on terms.
In response to today’s announcement, the board said it believes the company has a long runway of sustainable growth opportunities underpinned by supportive structural drivers such as digitalisation and an ever-increasing need to protect against fraud.
Question:
Has GB been ever been subjected to takeover before, pls?
If so, at what price?
The update has been very well received.
As ever
tp £6+++
Yes, i think it is good. Thank goodness i did not lose faith in GB.
Trading update looks like a good one
Trading statement tomorrow, Tuesday 23 April.
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'