Member Info for moorhey

I've no idea why the SP of GBG dipped today given the results, which look really positive. It could be the payment of a dividend allows less cash for acquisitions, which could be seen (by some pessimists) as a signal for reduced growth; but it makes no sense to me at all. I'm likely to increase my shareholding.

I'm not sure what you are expecting me to say ironknut: I've been buying KWS for years, and my earliest share purchases have doubled in value even at todays SP which is nearly 20% below the ATH. I don't know about you, but something tells me that the internet and internet gaming is here for a long time - I can't see the board-game monopoly making a come-back any time soon. I will be honest - I don't play internet games. I did when I was in my early-30's but not since, and I'm 61yo now. My old mate Dave took a marketing job in 1987 with an unknown company just starting out in the UK - he was the 1st employee they took on in the UK. Dave retired a multi-millionaire about 5 years ago - who did he go to work for? Electronic Arts.

IntrepidInvestor: I hear what you say, however SMS is 76yo and not getting any younger - how much longer do you reckon he has in this game?

That's a good read.
I think of the internet (and internet derived companies, like GBG) as a bit like the old wild west.
Currently, we're at about 1880 with railways opening up the US economy; but whereas the old-West developed in "real time" the internet market place is growing about 50% quicker (in time-scale).
The next 15 years will be like the period between 1880-1910.

It will come good in the end beardozer.
Most investors just follow the money.

Given that these share splits happen all the time, you'd think LSE would have developed their software to cope.

I used to wonder why Mystic Meg was so popular.

bbrq648: despite your childish rebuke, I won't rise to the bait.
I will try and keep this sensible, but if you can't then I'll have to filter out your posts.
This isn't just about the test, there's politics and economic's involved. Whether the NHS Free test is good, bad, indifferent is irrelevant (unless it starts killing people) as this government has made its decision and changing that isn't going to happen on an overnight whim (well, maybe if BoJo's GF tells him to change the test, he might listen to her).
19thHole: I know Covid-19 is global. I assume you like golf which, for many people, is an expensive recreation. Consider yourself a resident of a Brazilian favela: do you think you would be a golf player there? How much would a favela resident pay for a Covid test? A penny? Probably 90% of the world's countries will have to offer free covid tests to their population. We live in one of the richest countries in the world, much of the world's population doesn't.

Casper: the market has moved a long way since 1st March, that's what I'm trying to say.
Think about it for a tiny, little second.
What is the current testing policy in the UK? Any idea? Do you watch the news at all?
Every adult in the UK, every adult - that's about 50 million people - is entitled to TWO (2) FREE TESTS a week in the UK. These free tests started on 9th April, so (fair enough) I accept that on the 1st March nobody (except those in government) knew what was being planned.
So right now, some company, somewhere, is supplying the NHS will upto 100 million tests a week - this is happening right now, today.
These free tests have been approved and are in the system, absolutely no doubt about that, none whatsoever.
If you are sat at home, does it matter a jot if the free test provided by the NHS gives you a result in 20mins or 10mins?
I think not.
The BRH test has no longer an NHS use option - that's gone, the bird has flown on that one.
The only option left is commercial use, and that market is limited.
We're talking flights, cruises, indoor stadia (sports events and theatre etc), conferences.
Compared to the free test market now dominated by the NHS (100 million tests a week), the UK commercial use market is probably less than a million tests a week, maybe a lot less.
Now: I'm not all doom & gloom - I think the BRH shareprice should top 100p on a positive RNS which suggests market capability within 3 months; but anything less than that and we are probably back into the 45p-50p region (again), maybe lower.
On how the market and the World is today, right now (not 1st March) you have to be extremely optimistic - and I'd like to see your projected sales and calculated profits - to think an SP of 200p+ is possible.
All the best matey - I hope you haven't lumped your entire life savings on this one.
For me it represents 2.50% of my investment portfolio.

Give it a rest please Casper786: it makes zero impact on anyone on this forum what was in an RNS on 1st March when todays date is the 29th April.
All I hope is that the next RNS is written by someone who has a GCSE in English as the last one was so poorly written you'd have thought the person writing it had been educated at Eton and had his exam results bought for him by daddy!

I have my ISA and Trading accounts with Int Inv, and gave up after 2-weeks on the "waiting list" to undertake my bed&ISA transfer earlier this month. There is a risk of not acquiring the same number of shares if you DIY - as you have to wait until the sale is cleared on the trading account, before transferring the proceeds into the ISA to make the purchase.

What I've done in the past is extended my bank overdraft, drawn funds against that to pay into my ISA and make the share purchase, then - when the sale funds are credited to the Trading Account - pay off the overdraft with the sale proceeds. That way you stay in the market, you ensure your shareholding remains the same, and the only cost is the miniscule amount of interest paid on the overdraft amount for the few days it's in debit.
It's a bit more of a faff, but hey - your on here, you are an adult, and you can make your own decisions.

The market reaction to the Secondary Placing seems a bit overdone. Giorgio Guastalla has been a non-executive director for a number of years and now runs a food import business. I'm assuming that he's decided to retire now and has "cashed-in his chips" - and who can blame him?
Buying opportunity!

There's a lot of growth left in SGRO. The only thing that will slow this company down is lack of properties to expand into - but while the shift from high street spending to internet continues (although that growth will slow eventually), there's nothing to impede SGRO apart from lack of expansion properties.

I can see GBG being bought by a US-based company like OKTA.

With the SP appearing to have settled in the 6350-6450 range, are there any buyers?

Yep - I took out my initial investment some time ago so my holding is all "free issue".
I'm a bit miffed with myself for not clearing-out last week when the SP was north of 110 for a short period, and my intention is to offload my holding when it next tops 100p.
That's what I'm doing, everyone else can do whatever they want, I'm not interested.

Sometime, the markets just seem to defy logic.
I'm a long term holder, and 3 years ago this week (back on 22nd March 2018) I posted on this forum that "(KWS) is one my "band of 5" companies which could potentially be in the FTSE100 in 5 years time" and right now I still think KWS will be in the FTSE100 by March 2023. It might take little longer getting there by "organic growth", but if one of the software developers in its "stable" comes up with a winner, then hitting £5bn and FTSE100 won't be a problem at all.

Unless I'm reading these wrong, the FY Results are tremendous!
Revenue up 14.4%
Profit up 86.8%
Net Cash improvement of Euro120.80m - on a Revenue of Euro373.50m
KWS is turning into a proper cash-cow

From my post on the BRH thread on Tuesday 23rd Feb:
"Phone traders dealing in sums under £1,000 are jittery as they may not have enough to pay this months rent! Nothing has changed regards BRH in the past 3-weeks, and nothing changed today.
I'm not expecting an RNS tomorrow, nor on Thursday, and I doubt there will be one on Friday.
The Government works weekends now (due to Covid) and I expect test results will be tabled at government level over the weekend, and the RNS will be issued at 7am on Monday morning, 1st March."

Ignore the daily ups & downs, this company is heading for the FTSE100 - but before it gets there some US Mega-Co will swoop in and buy GBG for 40% over the market value at the time. The Conservatives will go apoplectic, but will be torn between wanting to protect a UK company and "keep it British"; and free-market values which means everything is for sale at a price.