Member Info for CHEQUEMATE

Taken from the half yearly report: Outlook The growing potential business and market opportunities make this a very exciting time for the Group. We remain committed to a growth strategy of investing in our businesses both organically and through strategic acquisition and we will continue to explore further opportunities to drive this strategy forward. We also remain committed to investing in the development of our products and service portfolios and add capacity to develop new markets both domestically and internationally. These results show that GBG remains firmly on its path to deliver improved operating performance and we are confident of achieving second half profits in line with current expectations, which in turn underpins our confidence in our future performance. Good luck all Regards CM

I'm trying to make some sense of the retrace we have seen in the share price over the last month or so and frankly, I can't find anything obvious. ALL the news I have read and has been posted on here has been positive. GBG posts news on its own website gbgplc.com on a fairly regular basis but does not release RNS often. For those of you who don't know why this is the case I can assure you having e-mailed the company that it is because if it issues a RNS then the market expects some figures to be put on what the likely affect it will have on the business. Should the figures then disappoint then the share price is likely to be dropped. GBG would rather issue accurate figures rather than estimates. So, in my opinion, none of the good news issued on the GBG website has been factored into the present share price. I expect to see a very positive trading statement issued within the next week, certainly by the end of the month if previous years are anything to go on. I think the drift in share price is partly down to lack of news via RNS. Additionally volume remains low, so the market makers may be looking to mark this down to create some interest and increase volume. Once there is a trading update the trend may well turn more positive, however frustrating this may be right now. I have looked back at the half yearly report. Within that it states that Revenue growth was up 12%, Adjusted operating profit was up 70%, Profit before tax up 165%, Adjusted EPS up 64%, Cash balance up, Organic growth up 3% but deferred revenue balances for release in 2nd.half and future periods up 18%. Taken from the half yearly report: Richard Law, CEO, commented, "I am very pleased with our performance in the first half and GBG has progressed strategically as planned. Our forward momentum is positive and we continue to invest in the development of our products, services and team to maintain this. New versions of our principal tracing and verification services were released at the end of the period under review and we are confident of increased organic growth in the second half of the year and beyond. The Group continues to be highly cash generative with operating cash flow before working capital movements increasing by 89% to £2.8 million (2012: £1.5 million). At 30 September 2013, the Group had cash balances of £6.0 million (2012: £5.8 million) after the payment of £1.6 million in respect of the final dividend and £1.4 million for acquisitions. I remain as confident as ever, if not more so for GBG. I am considering increasing my holding. I will probably wait until I see some evidence of the share price climbing again. I see nothing stock specific for the retrace. Those of us who have been invested in GBG for a while have seen these reversals before, noticeably from over 100p back to near 80p before climbing to new heights. This may well be a repeat performance. Anyone any other thoughts. Regards

Yeap, 3-0!. Oh yes, the TRCS results, sorry, thought you meant something else. Could do with GBG pulling its finger out now too. Has been drifting down recently but due to issue a trading statement probably next week. Have held them a little longer than TRCS. Should get result of U.S.A pilot for TRCS within the next month, that could well spur TRCS more. Would be nice for TRCS to hold this level. Regards CM

No idea what is going on here. World affairs seems to be hitting stocks right, left and centre so it makes it more difficult to judge what to do generally. KMK should be less volatile than many other stocks and has great potential. I could be persuaded to invest more here upon more good news in RNS. Off most radars at the moment. Good luck and regards CM

Hello BT, thanks for the post; it was so good to hear from you. Some times it seems we can be very much on ouir own, especially in hard times. This past week or two, infact most of the year, has been one to try and forget or at least to refocus on. I agree with your comments re. not seeing anything of note to cause the quite large drops in share prices. There is nothing stock specific than I can see. Just about any good news is being swallowed up by the nervousness around world events, in particular Ukraine but also to a lesser degree (perhaps) the slowdown in China. The market is looking for any reason to bash a share down and the uncertainty as to the reason why GBO changed their auditors is a case in point. Yes, you are probably right about highs to lows very quickly. There has only been good news relating to GBG, and your post today underlines it neatly. I am not expecting the market to recognise it because as is GBGs way, it keeps its' light under its' bushel and generally do not release a RNS on the back of such announcements. I remain more optimistic with GBG than most of my other shares, but right now I am hesitant in topping up. Thank you for your openness regarding your intentions over your investments. I have recently sold out of NET; I wasn't sure of their last results, expecting far better figures. I also sold out of BBOX to release funds to invest elsewhere and to reduce my investment exposure. Like you it has been pretty much a sea of red for my investments this last week or two, very disheartening. However, I am trying to learn to sit things through if the fundamentals are good, remembering what you have learnt over the years. Good to share ones experiences and appreciated. A couple of weeks on from bending my much loved bike by hitting a car that pulled out in front of me cycling to work (neither of us had a chance to see each other due to drystone wall) I am into hospital next Monday for eye surgery (cataract removal). Maybe after that I will be able to see investment opportunities clearer!. I have some time off work to recover, although I can think of a number of other better reasons for taking time off). Hope you are still enjoying those cups of tea in bed!. Thanks again Regards CM

Well on a day when it certainly seems like I have been the statue, here is some more good news re. GBG: http://www.gbgplc.com/news/gb-news/gbgroup-launches-batch-processing-version-of-matchcode-product-to-serve-the-big-data-and-master-data-management-marketplace-globally BT - guess your views haven't changed here nor for GBO and COMS. Many of the small cap shares on AIM have fallen back today/over the last week, so it is good to see some blue somewhere. Regards CM

Very quick first glance before heading off to work suggest trading although in line with expectations has been broadly flat. Nothing to get excited about. On the whole pretty boring. But, lets see what the market makes of it all; not very much I expect. Not expecting much if any move North in the share price. Rather disappointing but nothing desperately negative; just doesn't live up to what I thought may have been released. Regards CM

Good evening Boardguy, welcome to the board. This board tends to be a quiet board; it can go for days without anyone posting. That imo is no bad thing; better than having to wade through countless posts of drivel and irrelevancies to find something worth reading. Yes, according to a previous RNS, NET will report their 6 month results tomorrow. Looking at the last RNS it would suggest it will be positive and hopefully free of any "unexpected nasties"; although of course we just don't know. Personally, I am not expecting anything exceptional, it doesn't seem to happen that way with NET. I will be content with increasing revenue, profit, EPS, etc. and an increase in dividend. I expect to read about the contribution made by the acquisiton last year of Serengetti, and possibly news of any new contracts, although these are generally reported as and when they happen. A rise in the share price by close of play would be good and to see the start of a reversal of trend to a more positive direction. To see 60p again would be my short term aim and to secure a support base there whilst pushing for the mid to high 60s by mid year and to 70p plus by year end. I think the share price got ahead of itself earlier in the year along with a number of other shares and the retrace was inevitable. I always feel a little restless/nervous ahead of any results and seeing how the market reacts. Hopefully I/we will be able to rest a little easier after tomorrow. Good luck with MONI and all of your other investments you may have. Regards CM ps I hope you add to your holdings in NET because the share price has gone UP, not down!.

Didn't know you were invested in HAYT. I picked up on it after an article in growthcompanyinvestor.co.uk. I then did my own research and took the plunge sub 70p, then doubled my holding a little later - still a small holding. I have taken the liberty of looking at Shan's profile. There are a lot of interesting companies posted about and/or invested in. Some of them have caught my attention previously, notably PRES and ESR. I agree with the comments about oilers/miners. Generally I have lost money when invested in them and have only held the investment for a short time before bailing out. However, EME caught my eye recently and I did a lot of research into the company. The fundamentals look good and also the RNSs. I therefore took a small holding in the company and have topped up a wee bit since. It is going through a period of consolidation right now which suits me; it provides a support base from which to (hopeully) push higher. About every 2 months I usually go through a trawl of the FTSE AIM All Share Index, looking for companies which meet strict criteria for me to investigate further before I consider investing. I haven't done this for a while so it is overdue. I then back this up with detailed research, including looking at share price graphs, reading RNSs, studying the fundamentals, maybe looking at the companys' website. I will look at the LSE b board and check what the chat is, far preferring the quiet boards than the noisey ones where there is so much hype and ramping. Apologies for being largely off TRCS topic. Regards CM

HAYT mentioned on BBC News at 10 in business news regarding growing economy (very brief interview with an employee regarding pay rise). Maybe too brief to have an impact tomorrow........but who knows!. Regards CM

Good evening anon, thanks for the reply. Good to see a tick up today after the recent slight retrace, good for our confidence as well as our finances. I can relate to your experiences. Past mistakes have been buying into high risk shares without seeing the high reward; which is why I guess they were high risk in the first place. Then holding on to the shares when I should have taken my losses and have got out sooner than I did. Mistakes more of late have been selling out of shares before I should have, either taking a small loss or a small profit, rather than sitting out the retraces. Notably QPP at around 13p (didn't like all the new share issues) and RPC at around 425p (poor RNS update) both trading considerably higher now. Also SAA (don't want to look how high they are now). All invested into because of the good fundamentals and using the strict criteria I use and selling due to knocking knee syndrome (focussing on very short-term rather than look at the longer term picture). So, you are not alone. Should be good times ahead for ECK and hopefully your other investments. Regards CM

Good evening Funkygib, and welcome to the board. Tends to be pretty quiet here, hence the footie chat between Shan and me; I promise to keep more to the subject of TRCS in future!. There are rarely many trades with TRCS and like any company there can always be some odd trades. Still haven't worked out what 1 trade sell or buy means when I see it on boards; must be some code along with 23 etc. Your trade not showing is a new one to me. I have seen buys reported as sells and vice versa previously although not necessarily on this board. Maybe it will be reported as a delayed trade tomorrow. I do think TRCS has legs, but they don't belong to Eusaine(?) Bolt!. In my opinion this will tick up and tick down over the year which we will have to ride. The last time TRCS had a ride up to the degree it has recently was back in October 2012 from 125p-175p. It then fell back to 150p. Looking at the 3 month graph for the share price and using the Bollinger Bands using a 9 day moving average, it would suggest the share price MAY fall back to 225p (the lower BB) using the theory that a share price generally (but not always) trades between the lower and upper bands with time spent above the upper band and time below the lower band. What we want is for those bands to rise along with the share price. My only concern has been the degree of the leg up in the share price on no news. I would rather the share price had ticked up. However, I expect service to return to normal before another ride up on further good news. A longer term "buy" imo. I have been invested in TRCS for nearly 2 years from around 87p and did sell 25% of my holding a year or so ago; only to buy back that holding again at a higher price some time later. Patience is needed here, but I have found I have always been able to sleep easy with TRCS; well, as easy as one can with any company. Good news out of the U.S.A re. pilot project (see RNS 14 November) will see the share price decisively Northwards. Result should be known within 6 months, i.e by May. Good luck and regards CM

Agree!. MCFC v. EFC final - MCFC first team to lose 2 consecutive finals with 2 different managers, whereas Martinez first manager to win 2 consecutive finals with 2 different teams!. You heard it first here!. Has a feeling about it doesn't it!. lol. Regards CM

Share price has retraced to the 235p-240p range as forecast in my post of 12 Feb. Nothing to worry about imo. Typical of TRCS. My opinion remains unchanged - positive. Regards CM

Good evening Terryastone, and welcome to the board. No, I don't think GBG has overshot. Is it slipping back?, well, maybe a little; but I view it more of a period of consolidation probably within the 130p-150p range. There have been periods over the last 2 years during which I have invested when GBG has gone through similar times; reaching a high then retracing and staying within a trading range for quite some time, notably between 90p and 110p last year. I don't view this as anything different nor with a different outcome. All the news I have read has been positive and the fundamentals remain strong. Additionally GBG pay a useful dividend. Naturally I am disappointed with the/any retrace, but that is part of investing and no share will rise in a straight line. I fully expect to see GBG regain its high in time and push higher. GBG website, gbgplc.com is worth a visit. You will find all the latest news there, most of which is not reported elsewhere. Good luck and regards CM

Yeap. Believe in 1st. If it has to be 4th., then so be it. Lets go for the top spot. You win nothing by settling for anything else. Regards CM

Looks like we have more in common than just companies we are invested in. Why be happy with 4th. when 1st. is still within our sights?. Aim high and believe!. Regards CM

Thanks for the analysis, much appreciated. Are you a L. red by any chance?. Regards CM

As Shan says, this is not a trading share, definitely more of an investment over a longer time period. There are relatively few shares in issue and about 17.5 million of the 25 million are held by institutions and directors. That can mean the share is rather illiquid at times with the share price moving on few shares traded. Leeds University? sold some of their holding into the market recently; quite possibly to improve liquidity and demand. There has been a large rise over the last 2 days on no news but maybe on the feeling that good news is imminent. It is quite likely there will be a retrace back towards 235p-240p; these retraces have happened in the past and imo are nothing to be worried about unless any news is bad. The share price may have got slightly ahead of itself right now but the future is promising. I intend keeping hold of my holding for the time being. As to where I think the share will go, well, who knows?. Depending on news re. contracts etc. this could be heading towards 270p quite easily. 300p?, hmm; in time quite possibly. I will let Shan do the full analysis as posted earlier. Good luck all, regards CM

Welcome to the board Warri. Yes, I think it is too much to expect the sp to hit 70 in 2 weeks time. 60 much more likely, 70 maybe later in the year all being well. Steady rise throughout the year with no spikes and rapid retraces would be nice. Regards CM