Gb Group Share Price (GBG)

noon low. I think those that bailed early doors today have missed the low and will see a climb from here. I have seen a couple of broker targets of around 750p and that to me is easily achievable here. The presentations today may also help sharpen pencils of analysts who may see intrinsic value here. Worth at least 700p.

Good morning BT.,
Hope all is well with you all and those who have self isolated will be out of isolation in the very near future. It's amazing that we have got to the year 2020 without having a endemic previously since 1918 and how much we have taken for granted. Over time things may well revert to the old normal or pretty close to it I hope because I don't see how things can go on long term as they are now with all the social distancing etc., and in particular the restrictions on visiting folk.

RR has now gone into respite care at a care home but in truth it is unlikely she will return home after 2 falls recently including a stay in hospital for 5 days. Her confusion is no better. Although she seems to be settling in it is still raw with me having to tell her that the time had come for her to leave her home and be properly looked after 24/7. Very difficult to take I can't visit for the foreseeable future.

Good to see GBG holding up. Some good news posted by Alwaysone. I still keep an eye on GBG, like keeping an eye on an old friend, rather like BT, less emphasis on the "old" though!. Would have been far better had I kept my investment in GBG and sold others and not invested in others, but everything is easy in retrospect and with hind sight. There will always be opportunities of course. Had I been coming into investments new now I wonder what I would be thinking?.

Hope everything is good with the new house BT. Have you caught up with all the jobs Mrs. BT has found for you?.

Regards to all and good luck

CM

https://www.gbgplc.com/newsroom/gbg-credolab-indonesia/
JAKARTA, June 16 2020 – GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location data intelligence today announced a technology partnership with CredoLab, the leading developer of bank-grade digital scorecards based on privacy-consented and permissioned smartphone metadata, to easily and confidently assess the creditworthiness of any Indonesian individual, including the unbanked and underbanked. While banks in Indonesia have tapped on local bureaus, telcos, and e-commerce providers for data to perform credit and fraud checks, data continues to be fragmented and unreliable, contributing to high non-performing loans, low approval rates and a high level of fraud. This technology partnership will help brick-and-mortar and digital banks deterred by a lack of data to leverage on mobile phone digital footprints to process banking and credit applications and provide financial empowerment to all new-to-credit, new-to-bank, and gig economy workers of the country.

Of the nearly 400 million adults in Southeast Asia[1], only 104 million are fully “Banked” and enjoy full access

to Financial Services. Another 98 million are “Underbanked”, with a bank account but insufficient access

to credit, investment and insurance, while 198 million remain “Unbanked” and do not own a bank account. Millions of small and medium enterprises also face large funding gaps. 50% of 181 million Indonesian are eligible for bank and credit services, yet do not have access to financial products due to the lack of historical bank record or full-time employment such the “Ojol”, app drivers.

"We are very excited with this partnership between GBG and CredoLab. By assimilating metadata on consumers’ digital footprint and behavioural intelligence into GBG Instinct digital fraud management platform, we are seeing an uplift in credit and fraud risk protection by up to 40%. This convergence between mobile credit scoring and digital fraud technology helps established and digital banks and lenders onboard quality customers within the financially excluded population,” said June Lee, Managing Director of APAC.

GBG offers an end-to-end digital fraud and compliance solution for banking and non-banking financial institutions looking to onboard and transact with their customers quickly, safely, and securely. With GBG Instinct, banks, lenders, and mobile wallets can leverage an orchestration layer to perform multiple data callouts to CredoLab’s cloud service hosted in Jakarta. It only takes seconds, as opposed to days, to analyse mobile behavioural data and calculate the risk score for any individual to be onboarded.

The result is of the partnership sees an uplift in scorecard predictiveness by up to 39.9%, drop in cost of risk by up to 21.9%, and increase in approval rates of up to 32%.
“Banks and lenders always grapple with the question of “can a customer pay back” a

Good Afternoon Gents,
Just a quick look back here. Will have more time over the w/e.
CM nice to hear back from you. I know its tough but that daily phone call to RR I'm sure still means a great deal.
Here and in the US we have had a distinct lack of clear and decisive leadership. Less said about Trump the better; he is worried about one thing - getting re-elected. He simply does not seem to understand what is going on. Here we just seem to make one balls-up after another. Difficult times and easy to criticise from the sidelines and the mad media don't help but we should and could have done better than this!
In terms of markets, who knows? The initial hit which dropped the FTSE (& Dow) to well below 5k was imo due to the lack of a real definitive plan on both side of the Atlantic. Trump was in denial we weren't too different. We now have hard(ish) lockdowns in place and the UK and NY in particular seem to have passed the peak so the markets have seen some confidence return. We will still see large daily movements but if we do start to lift the lockdowns I can see a continuing upward trend for most sectors for over the next 4 months or so up to maybe 6.5k . With so many variables and so much that can still go wrong I would only rush in now if you don't need the money for 4 to 6 months. Decent profits to be had medium/long term but short term you can easily still get hit hard if deaths/new infections start to escalate. Just my opinion of course. I offer no advice.
Fantastic results here, much as expected but better overall than I thought we would see. Due mainly to the full year inclusion of the new acquisitions but continued strong organic growth too. Terrific performance. I also like the tone of the outlook and fully expected them to hold back on the dividend. Why would you relinquish that level of liquidity in these very uncertain times? To pay it now would be needlessly reckless and is not in keeping with how this business is run. Strong balance sheet, debt nicely down and the nature of their model means that impact from CV19 will be far less than for many other sectors and businesses. I thought this was one of their best updates ever, given the current environment.
And predictably we thump down, which has become the trend over recent years with AI trading. Bound to be some reaction but this because 2021 will likely see a drop in performance but this is the same old up and down that has become the norm.
I think we will see some reasonable recoveyr here once these results sink in but not sure when. Too easy, these days to manipulate a share like this to your own ends.
Patrm, welcome, not sure I've seen you hear before. It's tough for a lot of folks out there and can be very tough for the self employed. Hope that things work out for both you and CM. Keep and eye on this because the price is pushed up and then down and can bear little resemblance to overall market movements.
Have to go. Gents stay & well
Regards
BT

Self employed so very little income coming in apart from a small pension and with dividends being slashed double whammy. Bought back here after panic in March and up. Will do better with increasing move to cashless society and hygiene worries.