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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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GB Group - Bitcoin mania drives shares towards £4

January 2025

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
The shares hit new highs of 385p galvanised by Bitcoin’s whipsaw towards US$100,000 as investors recall how crypto mania previously drove windfall business gains (via increased verification of customer IDs). Interims were in line with last month’s pre-close update with revenues up 4.5% and operating profit gaining 21%. In a new note, Deutsche says the most encouraging part is evidence of improved execution such as better up sell and cross sell plus more new business. Net retention rate (reported on a 12 month rolling basis) improved from 94.9% a year ago to 100.2% as at 30 September and excitingly has a high ceiling given previous net retention was as high as 105-108%. Its new customer success includes some of Asia’s largest onlin ...

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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.

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