stockbunny
- 24 Oct 2003 15:06
Up at this moment by 3p - about to try and find out why!
stockbunny
- 27 Oct 2003 14:52
- 7 of 187
Going up again a little today!!!! Current 24p...But best to keep the champers on ice for a while yet!
Global Nomad
- 04 Nov 2003 11:32
- 8 of 187
Seems like 24, 25 is some sort of upper limit recently, any reasons why? or where it might go if it breaches this level.....
stockbunny
- 06 Nov 2003 14:31
- 9 of 187
Don't know to be honest....But a break through that 24p brick wall
would be nice. They are due to report end of the month I think
fingers crossed for than....
stockbunny
- 16 Nov 2003 11:37
- 10 of 187
It's risen well end of last week - let's hope it continues...
Results due out Wednesday
stockbunny
- 16 Nov 2003 11:39
- 11 of 187
gardyne
- 16 Nov 2003 12:24
- 12 of 187
Long term holder myself but medium term good results and more contract news on wednesday will put this share on higher levels.
stockbunny
- 02 Jan 2004 11:53
- 13 of 187
We are on the rise again and looking at the trades there have been some
meaty purchases this morning (50,000 for example)
Is there some news or speculation that's yet to surface fully
I wonder....??
33.75p terrific! Roll on 34p!
gardyne
- 02 Jan 2004 14:25
- 14 of 187
Looks like you are right,stockbunny 34p for bid now.
stockbunny
- 02 Jan 2004 14:51
- 15 of 187
Wonder if it's worth sitting here now and saying
34p terrific! Roll on 35P!!!!
Well you never know, stranger things have happened!!
Oakapples142
- 03 Mar 2004 09:05
- 16 of 187
Any idea why the gradual fall. I have been in since 15p. Great pick (its my initials!!) Reluctant to take profits.
stockbunny
- 03 Mar 2004 14:49
- 17 of 187
Don't know of any reason for the gradual fall or to take
profits currently IMHO - it has seemed to bounce slowly up
and down within a certain band over the last few months, my
personal theory (BUT that's all it is!) is that short-term
investors put money in thinking it will do something quickly,
find it hasn't after a relatively short while and take the
money back out to put somewhere else where they think more
speedy profits can be made...just my thoughts though!!
I'm holding in there and congratulations for getting in there
early on at 15p OakApples142 - a good 'spot', you beat me, I
went in at 19p!!!
Oakapples142
- 03 Mar 2004 17:16
- 18 of 187
Thanks for that Stockbunny. I guess its my parents that should take the credit for providing me with the GB initials - I am staying in
stockbunny
- 04 Mar 2004 14:15
- 19 of 187
Up a fraction today!!
BTW noticed another software firm ALN had also dropped off in
the last few days, may be no connection or it could be the
sector went through a not-so-good patch.
Pete Adams
- 05 Mar 2004 09:32
- 20 of 187
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.
Oakapples142
- 05 Mar 2004 09:38
- 21 of 187
Great Start to-day 8%up at 9.30am. Lets hope GB continues to stand for "Great Buy"
stockbunny
- 05 Mar 2004 14:19
- 22 of 187
Rats! I wasn't around that early today so didn't see the rise,
but will check now and hopefully it has held!
stockbunny
- 05 Mar 2004 14:53
- 23 of 187
It has held (quick fanfare!!)nice to see!!
stockbunny
- 08 Mar 2004 15:47
- 24 of 187
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 -
stockbunny
- 09 Mar 2004 14:56
- 25 of 187
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!!
Oakapples142
- 09 Mar 2004 15:05
- 26 of 187
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.