Up at this moment by 3p - about to try and find out why!

The sudden drop on tuesday may have been due to a general sell off of technology shares by big institutional investors which has been going on over the past 6 weeks. Some other small tech companies seem to have suffered in the same way, even though there has been no apparent change in the fundamentals. The information technology sector to which GB Group belongs has recently lost relative strength against the FTSE after a long period of outperformance. I'm holding onto my shares as long term prospects still look very good.

Great Start to-day 8%up at 9.30am. Lets hope GB continues to stand for "Great Buy"

Rats! I wasn't around that early today so didn't see the rise,
but will check now and hopefully it has held!

It has held (quick fanfare!!)nice to see!!

OUCH!! Not that bad really but could have done without it, causing major hassle to share price this afternoon - hard hats on maybe for a while!!!

GB GROUP
('GB Group' or 'the Company')

TRADING UPDATE
WITH RESPECT TO THE FINANCIAL YEAR ENDING 31 MARCH 2004

BT Agreement and URU Service
In November 2003, the Company announced that it had entered into a Joint
Collaboration Agreement with BT to formulate a strategy to exploit the rapidly
growing identity fraud and credit fraud prevention markets. The aim of the
agreement is to use the core strengths of both organisations to develop new
products and services capable of preventing and detecting identity fraud and
credit fraud.

The first service, URU, launched in January 2004, combines the Company's data
sources and technology with BT's web service infrastructure to provide
organisations with an effective on line anti fraud service, delivered in seconds
over secure Web Services. Currently there are a number of URU trials underway
with major organisations and the Company has achieved its first evaluation sale
of URU. Although the market for URU is new and will take time to develop, we
believe that it offers good long term opportunities for the Company.

Accordingly the resource being committed by the Company to the development of
URU has been increased significantly in the areas of sales and marketing,
technical development and investment in new data sources. For example, in
February 2004 the Company entered into an agreement with CallCredit, one of the
three UK Credit Reference Agencies, under which Credit Referencing Services
provided by CallCredit will form part of the URU service thereby creating a
combined identity fraud and credit referencing service. The investment in URU
will cost the Company approximately 300,000 more than originally estimated this
year, and will continue into the next financial year. This investment
expenditure will be reflected in the Company's profit and loss account. The
Company believes that the potential of this market justifies the initial
investment in these services.

Settlement of Contract Dispute
In its Interim Statement, the Company indicated that it was undertaking a legal
process to resolve a problematic long term contract originally entered into in
June 2001. This was settled in late February 2004 with the net cost to the
Company (essentially its legal costs) amounting to approximately 100,000.

Existing Businesses
GB's existing DataIntegrity and DataSolutions businesses are generating sales
marginally lower than the Company's original expectations but around 6% ahead of
the previous year. The cost of the investment in sales and marketing and
infrastructure to achieve growth in these businesses is turning out as expected,
but gross margins on sales for the year to date are lower by around 2% due to
the greater overall competitiveness in its markets, and in particular in
relation to the resale of third party software through its DataSolutions
business. Accordingly, if this situation continues through the high sales volume
month of March, the contribution to operating profit from these businesses would
be around 300,000 less than the Company's original expectation.

Turnover and Profit for the Current Financial Year
The overall effect of the above is that the Company expects that its turnover
will be marginally lower than market expectations but ahead of last year. Also,
the Company's operating profit could be approximately 700,000 lower than the
market expectations of 1.1 million, which does not currently reflect the
investment in new business development and other matters described above. The
Group has remained cash generative over the year to date, and at 29 February
2004 group cash balances were 6.6 million compared to 6.4 million at the end
of February 2003, after taking account of the dividend payment of 400,000 in
August 2003.

The Company expects to announce its preliminary figures for this financial year
towards the end of May.
- Ends -

Things have not improved today, almost down to the price I
bought in at, currently 23p...But things can turn round, stranger things have
been known!! I'm off to the tea-rooms for a large brandy in
the meantime!!

This is not the only stock held by me that is misbehaving to-day many more are.
I tried to sell some but missed the boat and I am not prepared to give them away - so as you say its hard hat time and await better news maybe end May for GBG.

Agreed OakApples, I'm certainly not selling out for this price!
My large/mid caps are doing OK, but another small company
CRY - building sector, has had two days like GBG not making
happy stock watching on two counts.
Never mind, still think it is an over reaction to the news
yesterday that wasn't that bad, but if you check the trades
on GBG there are several quite large holdings for a small co.
that have been sold today - one of 43,000 shares, bound to have
a negative affect...

On the other hand-
On PC Market Eye were 2 trades marked F ("single protected trades")
At 16.28 75k at 25p & at 16.15 50k at 27p. They were not marked as delayed trades. Can anyone shed any light on this?

Sorry- "single protected transactions" in case is different.

Sorry not a clue I'm afraid, but it's looking better today
currently up by three-quarters of a penny, not a lot I know but encouraging!!!

I have asked the question of what these single protected
transactions are on the traders thread, someone there may be
able to shed light on it hopefully.

A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

Thanks so much for that "Hilary". Seems to me it would be a good idea to commence a questions and answers thread from which many would benefit - lets get weaving!.

Also thanks from me!

Grandma

Rising this morning people - maybe (hopefully) the worst
has been and gone now, but still keeping the hard hat handy
just in case of further falling masonary!

I sold out all my holding 150k at 25.5 for a 15% profit on the warning. Big disapointment to me GBG, I like what they do and think they have a future, but it is best to stay out until news looks better. I would be looking to get back in at 15p.

Well as I'm still in from before the problems you will be able
to understand when I say I understand your thoughts, but equally
I don't want to see a price level of 15p again, hopefully that
level is behind them (fingers crossed behind back!)

There are a worrying amount of ? trades showing today....

OK Is anyone left still in this stock on the BB or am I the only one
still holding onto the mast hoping its not going to sink??!!

With all the talk of ID cards this should be a great time for GBG
but all it seems to do recently is leak share price/value.

Anyone know anything????