GB Group – “remain confident”, so why the share price fall?
By Steve Moore | Friday 26 October 2018
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A half-year trading statement from identity technology group GB (GBG) emphasises “trading performance is in line with expectations, with underlying organic revenue growth of 11%” and “our pipeline is looking strong… we remain confident in meeting full-year consensus revenue and profit expectations”. The shares have though responded currently more than 5% lower towards 480p. Hmmm…
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