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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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GB Group - Canaccord’s price target is 455p

December 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GBG
  • Price:
  • 340p
The shares jumped after identity verification business GB said trading is in line and the past 18 months has now seen sequential growth mainly on the back of improving demand at its largest segment, Identity. H1 sales are expected to accelerate 4.5% to £147m (from 3.5% in H2 24) with operating profit up 21% to £29m and EBIT margin rising from 18% to 21%, helped by cost savings. Identity and Location Verification together grew sales 6.8% (slightly better than expected) partially offset by declines at Fraud, mainly related to year-on-year timing differences in customer renewal cycles. Net debt fell to £72m after paying a final dividend (£10.6m) but boosted by £5m retranslation benefit thanks to the stronger pound. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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