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GB Group

May 2023

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:
  • 312p
Ahead of reporting in mid June, GB has confirmed FY23 revenue of £278.8m with operating profit of £59.8m. Sales were up 15%, within which organic growth is 3.7% after stripping out £15.4m from Crypto currency customers and £4.2m of US stimulus. Operating margin will be c.21.5% and includes c.£3m of foreign exchange gains. Within the mix, both Fraud and Location saw double digit growth, albeit the Americas’ Identity Verification business saw the most pressure. Looking ahead Q1 still has tough comparatives (last year’s Q2 and beyond saw the greatest Crypto currency verification work fall away, which is why comparatives then ease) and management are pointing to margins climbing gradually during FY24 from the current levels towards hi ...

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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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