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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
The middle east conflict? Of all the things that would have an impact of GBG that really isn't much of one. They're not based there, almost all of the regulated customers are not based there, they don't have staff setup there.
The UK / US economy is the main contributor to GBG's income. Gaming and FS.
I agree the debt is still on the high side, but my main concern is the middle-east conflict. I'm out for now until there's some kind of calmness in the world. Good luck to all
I expected the debt to have lowered much more otherwise good update.
A very pleasing trading update today.
Wild
Agreed, this does seem to be in the dog house for no real reason, a great business in a growth area and like so many aim shares has become a victim of "more sellers than buyers" syndrome.
I added again today as a long term tuckaway
Bought massively at 212, this one has to be the biggest hidden gem in the UK market right now!
Private equity firms will be coming after this soon
At 207p to buy, the share price is back to where it was in June 2015, more than 8 years ago. I never envisaged investing conditions could get this bad.
Great write up in S Times but doesn't seem to have helped the sp. quite the contrary looking at today's nosedive.
180ish possible, but unlikely
if management are decent, then surely addressable/growing markets for GB software offer pretty easily growth?
If so, this is valued at cheap growth already imv (EV/rev and, perhaps esp, EV/fcf)
This share is struggling to move beyond 230. If we can sustain momentum behind a move into the 230s this share could easily reach 250-260.
How much further can this drop?
This crook jollyspeculator pumping. Newbies often fall for this scam and end up losing money.
Looking enticing...if you believe in growth c10%pa "going forward"
EV/rev c 2 EV/fcf c15-20
will it dip below £2? Who knows...but I'm ready
Things are turning round now.
Could be a shakeup coming.
Resolution 6 - Report on Directors' Remuneration
The Board notes that the advisory vote on the Directors' Remuneration Report did not receive the required majority number of votes to pass. Prior to the AGM the Remuneration Committee conducted an extensive consultation with the Company's largest shareholders regarding the Directors' Remuneration Report. The Remuneration Committee values the feedback they have received on the Company's remuneration arrangements and will continue to engage constructively with shareholders.
Cheers