Gb Group Share Price (GBG)

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

Hi CM,
From your post I'm not sure whether RR has been diagnosed with dementia or not. If she has then clearly we have to trust in the doctors and accept their decision and advice but I remember from my own personal experience with my Mum that as we get older we all display certain of the symptoms, which can mislead and confuse everyone, whilst not being dementia causing all sorts of worry and concern. I truly wish the both of you the very best of everything. Spend as much time as you can with her.
So glad the move went well, it does sound idyllic and this was absolutely the right choice. We are starting the move process but still await the kitchen in one of the houses, so can't really move in for another 8 days .
Everything else is good here and I hope you are too. I would stay out of the markets until after Brexit, whenever that is. Should be a real boost for uk equities; we are seeing some of that now that Boris is pretty much assured of being PM but he needs to bring Parliament with him rather than trying to shut it down to push through No Deal.
Looking very good here at GBG. I do marvel at the daily volumes when I get back here. Massive numbers of trades and share volumes but little real movement in the sp. I'm guessing that someone is accumulating here but slowly, whilst also selling to keep the sp under control. Could be totally wrong of course. But we aren't seeing any major off loading and sp slide, which can only be good. I llok forward to the H1 Results, which I believe will again be very strong.
CM must go, be strong for RR. I know it's tough most of the time and much harder some of the time but I know she appreciates it as my Mum did.
Take care my friend
BT

Good evening BT. et al. BT, thank you so much for your posts and apologies for not responding until now. I appreciate your very kind words and concerns, very good of you. I have very largely been chilling out as best I can since the move, which unbelieveably is now over a month ago. It's taking some time to get use to the different area, but when I can look out from the garden and see the Helvellyn range, Blencathra etc it really is quite breathtaking and I realise how fortunate I am.

Regarding RR, yes, it's been difficult. There are days when things seem ok, and I wonder if the onset of dementia is all in my mind (excuse the non intended pun!). And then there are the other days when as you say you want to scream. Makes me realise we all have to make the most of the time we have because we just don't know what lies ahead for any of us. I make my next visit South next Monday for a number of days so that I am there when the final re-instatement work is done on the house. When things are bad each hour seems like a day and each day seems like a week. It's very difficult to stay strong at such times.

Being totally out of shares has given me some much needed breathing space during some challenging times without the stress of watching the share market. In truth not a lot has happened with the share price here, now at 552p after selling out at 518p back in November; is it really that long ago?. During that time the share price has been above 600p and close to and maybe below 500p. My other investment(s) are generally lower now than when I sold out. GBG continues to push out some excellent results and RNSs I notice. No rush to re-invest at present. I need to see how finances go with the house move and then may re-assess the situation, For those who remain in the market I wish you all every success.

I tend to agree with you about the nonsence going on in the world. Trumpty Dumpty gets stressed out when he hasn't been the centre of attention (Universe) for more than a week so comes out with anything to grab the headlines. And now we have Boris to look forward to being Prime Minister it seems!, unbelievable, swear you couldn't make it up if you tried!. And the alternative..............Jeremy Corbin?...........someone's having a laugh!.

From re reading a previous post of yours BT, it seems you may be in the new house by now. Hope all has gone well and if you are not there yet that you will be shortly. I am sure it will all have been worth it once you are in and you can look back on things with a beer in your hand or of course the old Jura!.

Sorry I haven't a lot to add about GBG specifically. I have taken my eye off things micro speaking and just look at the bigger (macro) picture. Things may change in time.

Wishing all the very best. Special regards to you BT and Mrs. BT and K9s.

CM

Hi Doze,
Nice to hear from you and to know that you are still involved here. Like you I don't spend much time on here but do check back once in a while to keep in touch. It's that sort of share.
I've known this company for over 20 years (when I was in the data business - changed beyond belief now, of course) and it is one that made a number of key strategic choices all those years ago, but much more importantly, it's adapted and changed it's business model as technology has advanced. As you say, it's push outward from the UK to the US in particular has been impressive. Too many business make that move too soon and screw it all up. You don't get too many bites at that cherry and it's difficult to go back. I really like the 2 latest acq's and look forward to another strong year. They have a wide ranged portfolio of solutions now and these are big, big markets, as you say for both the traditional and the more advanced technologies.
Who knows, it could have been very different had the web been based on an 'authenticated user' model rather than the 'complete anonymity' mess we have now but my guess is that GBG would have coped well with that.
Trade wars come and go and the latest Trump/China punch up seems to be waning. I think it's just about run its course. And the Huawei nonsense is just that, nonsense. I'm sure they are 'close' to the Chinese Govt. but are they any closer than Google, Facebook, MS and the rest are to the US Govt? I can't see any real threat here and see this as just another attempt by Trump to be seen as a tough guy. Immature nonsense!
But there will always be ebbs and flows and ups and downs and it's the mark of a great company that it just copes, adapts, changes and keeps moving forward. I'm here long term and look forward to the next update.
Doze, take it easy and stay in touch, always good to hear from you.
CM, hope all is well with you (and RR}.
Off to grab a beer now before we eat, suggest you both do something similar.
Best wishes to you both
BT