Moving well ready for Wednesday

Watching ZOO too - volumes rising steadily again after yesterdays 600,000 pull out!

linzimason,looking forward to more buys pm.

Volume still climbing - talk again tomorrow?

linzimason,will not get access to until tomorrow night but looking forward to some positive news at the agm at noon.Here is a very much undervalued data business which specializes in customer and marketing.They announced a 85% rise in profits to 1.1m and have contracts with Astrazenca,Stena Line,British Telecom and Coral Racing.One for the future.

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GB Group PLC
30 July 2003


For immediate release
Wednesday, 30 July 2003.


GB GROUP PLC ('GB')

AGM Trading Update Statement

At the Annual General Meeting of GB held today in
Chester, John Walker-Haworth (GB's Chairman) gave the
following trading update statement to shareholders:

'In my statement of 21 May 2003, as published in the
Annual Report and Accounts, I indicated that significant
progress had been made during the financial year ended 31
March 2003 to create an efficient and competitive
business of higher all-round quality than was the case a
year previously. This trend has continued in the past
two months.

Trading

The fundamental objectives of the Group are to invest in
its data software and services businesses and to increase
turnover leading ultimately to higher profitability. In
the quarter to June 2003, the size of the sales force was
increased by 20% and greater resource was dedicated to
the sales and marketing effort. As a result, the
pipeline of sales opportunities has grown and turnover
was ahead of the corresponding period last year. Cash
balances at 29 July 2003 were 6.6 million (31 March
2003: 6.7 million).


New Business Development

The Group's efforts to apply its core competencies to
develop new related revenue streams have continued.

GB's new product, Authenticator(c), checks information
provided by individuals against reference data to confirm
identity and is targeted at the prevention and detection
of identify theft and fraud. During the first quarter,
Authenticator(c) was sold to the Bristol & West Building
Society and HBOS for evaluation and GB is working closely
with both organisations to refine the product for this
new and developing market. At the same time, GB's work
has continued with BT Group plc with the objective of
developing and marketing jointly an online identity
authentication service called 'URU' (You Are You) based
on the joint application of GB's Authenticator technology
and BT's web services infrastructure.

Management

In June, GB announced the appointment of Ian Davidson as
Managing Director of its DataCapture and DataCare
Division. Ian, who is 38, joined GB from Pitney Bowes
Inc. where he was Vice President of Enterprise Accounts
and Software Sales for the Document Technologies Division
based in Connecticut, USA. Ian has extensive and proven
sales and management experience within GB's sector and
his experience and knowledge of international markets
adds a new and welcome dimension to GB's management team.

His appointment followed that of Mona Navin-Mealey as
Group Finance Director in January and is the continuation
of our policy of building a team of youthful and talented
managers capable of developing the business effectively.


Prospects

With regard to the prospects for the coming year, I
repeat what I said two months ago that, due to the
delicate state of the economy, it remains premature to be
anything other than cautious with respect to the year as
a whole, recognising that profitability substantially
arises in the second half of the year. The Directors
remain confident about the strength of the Group's
underlying business, and are encouraged by the progress
being made to develop new revenue streams'.





For further information, please contact:

GB Group plc
Richard Law, Chief Executive 01244 657333
Mona Navin-Mealey, Finance
Director

Weber Shandwick Square Mile 020 7067 0700
Richard Hews
Christian San-Jose

Website
www.gb.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange

Low key statement to say the least and fairly cleaned out the punters who were in for a quick buck.As I stated in previous postings, here is a company courting with not one or two large companies but a few.Anyway here is the chance to stock up more shares before more details of the British Telecom and other contracts are announced.One to tuck away.

Brian, any idead when BT details out? - Linzi

linzimason,all I know is that in march in a press release GB group announced that more news would be forthcoming about the BT contract.Most people assumed this would be at the AGM,Share magazine reckoned July/August when it tipped the share.What annoys me is that a lot of the deals the company is doing comes out elsewhere.The British Telecom news will probably be announced when they decide being the larger company.The only new news was the 20% increase in the sales staff which can only be good but it is about time they came out blowing their own trumpet which would benefit everyone as public relations is important in growth.

Cheers Brian - well I am staying in there - will increase today as have dipped a bit - L

linzi,thinking the same this is a win situation the rewards for loyalty can be high. brian

Slight lift today, this seems par for the course for this company, provided hold fairly steady +/- 2p, will not have concerns. Will give this one another 3 months then review, although strongly feel price will be well up by then.

linzi,up 11.8% today to 21.25 hoping for more of the same tomorrow.

Hi! I too have albeit a few shares in GBG and like yourselves would have liked to have seen a bit more on the BT business - never mind, all good things are worth waiting for! Got a good feeling about this one more medium/long term than short term though. Enjoyed reading your posts and have a good Thursday! Stockbunny

Quiet day with little volume.Totally agree with your views stockbunny but a little more news short term would be beneficial to all.

Sssssssssssssssshhhh guys - I'm having a kip

Linzi, everyones looking for you on SC.
wl.

looks like this one is moving slowly again.

Customer relationship management software specialist GB GROUP has extended its long running contract with the CPP.The deal will provide revenues of more than 400,000 over 12 months.Good news for GB followers.

Yet another deal today this time with Directory Enquiries UK.Shares up early.

Updating previous posting-GB will make a penny every time someone calls 118 800 one of the new directory enquiries numbers.Interesting deal.