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GB Group - Shares soar after H1 organic growth of +18% unveiled

November 2019

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:
  • 615p
Vindicating my decision to make GB a New Year NAP in the January issue, the shares soared after it said it expects to report strong revenue and profit growth for H1, with “exceptional organic growth” and positive underlying trading across each of its three core solutions (Location, Identity and Fraud).H1 revenue is expected to balloon, up 64% at £93.7m and organic growth of 18% is ahead of the company’s double-digit target, boosted to a large extent by the signing of contracts in the Fraud division, which had been expected in H2. Operating profit is expected to be £20.9m, a 138% increase.Results are due on 26 November 2019. Strong hold / keep buying. ...

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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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