Identity and location technology group GB (GBG) has issued an “Americas Identity trading update”-titled announcement including this business has “seen higher than expected volume attrition on a few material customers… now expect total group revenue growth for FY27 to be within the range of 1-3% (having previously guided mid-single digit)”. How disappointing is that from the valuation at a current 170p share price?
‘Identity and location’ technology group GB (GBG) has issued an AGM trading statement including emphasising that the first quarter of its year performance “was in line with the board’s expectations” and “reinforces the board’s confidence in our ability to deliver accelerated growth in the medium term”. What about this from the valuation at a 219p share price?
This company’s recent full-year results showed a statutory loss and net debt and its shares fell quite significantly in response. However, the results also showed underlying progress and strong pre-“financing activities” net cash generation which suggest the now lower share price offers a recovery opportunity.
Previously writing on digital location, identity verification and fraud software group GB (GBG), in April with the shares up to above 300p I concluded that its growth/valuation position certainly still meant I continued to avoid. What now of its half-year trading update and the shares currently up by approaching 5% in response, but still below 228p?
Previously writing on digital location and identity verification and fraud software group GB (GBG), in February with the shares down to 336p I concluded that the growth/valuation position meant I continued to avoid. The shares most recently closed at 281.6p, but are currently back up above 300p on the back of a “Pre-close trading update”, so what’s the situation now?
Previously writing on digital location, identity verification and fraud software group GB (GBG), last year with the shares falling towards 400p I questioned its stated excitement about sustainable growth opportunities and its ability to capitalise on them. The shares last closed at 344.2p and what of they currently further lower on the back of a “trading update”?
