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GB Group - Plans international expansion

May 2006

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:
  • 32.25p
A trading update noted that sales for GB/BT’s electronic age and ID verification service, URU, totalled £2.4m in the year to 31 March, four times higher than the previous year. The total number of customers has risen to 101, up from 82 at H1, and there has also been strong growth in transaction volumes. In particular, there has been progress in financial services (the biggest market) where it now has 48 customers including “a number of major retail banks.” Elsewhere, new clients in online gaming include Paddy Power, Trafalgar Betting and 32Red. GB said it now plans to rollout the service internationally, which should also offer considerable upside potential both via existing customers with overseas operatio ...

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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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