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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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GB Group - Shares surge 55p after forecast beat

June 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:
  • 313p
GB’s shares have soared 55p to 313p since their trading update, which said full year operating profit is now expected to be slightly above the top end of management expectations at £61.2m, “reflecting the excellent progress driving simplification and £10m cost savings.” There were improving trends in H2 24 with the largest segment, Identity, returning to growth and overall revenue is expected to be £277m (+2.7%), driven by an accelerating Q4 (+5%). Encouragingly, strong cash flow meant net debt was below expectations at £81m. As broker Panmure says, the crypto headwinds are behind it, underpinning a near 7% increase in revenues to £296m for this year (to March ’25) for eps of 17.1p. Even after the rise the forward PE is just 17.8x ...

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