GB Group (GBG)

Sector:

IT Services

Index:

FTSE AIM 50

358.40p
   
  • Change Today:
      5.00p
  • 52 Week High: 363.00p
  • 52 Week Low: 231.40p
  • Currency: UK Pounds
  • Shares Issued: 252.63m
  • Volume: 242,203
  • Market Cap: £905.41m
  • RiskGrade: 140
  • Beta: 1.37

Sunday share tips: GB Group, Keystone Law

By Alexander Bueso

Date: Sunday 24 Sep 2023

LONDON (ShareCast) - (Sharecast News) - The Sunday Times's Lucy Tobin recommended shares of fraud prevention software manufacturer GB Group to readers.
She conceded that the share price had been hammered over the part year, as the wave of interest in cryptocurrency and online retailing during the pandemic ebbed.

Rising interest rates and weakness in the pound had also taken their toll, Tobin added.

But the increasing prevalence of sophisticated fraud meant that the company was in a sweet spot, she argued.

That was also the view of analysts at Jefferies, who said that slower growth at GB was more cyclical than structural, the tipster noted.

The shares were also trading on just 13 times the company's earnings, against bigger rival Experian's 23 times.

Furthermore, according to analysts at Liberum, there also remained the possibility of a takeover by either private equity or a software giant.

The Financial Mail on Sunday's Midas column sounded a positive note on shares of Keystone Law, pointing to the outlook for the business's growth and dividend policy as the key reasons for its optimism.

"Law firms can be tough places to work but Keystone offers lawyers a chance simply to do their job and ensure customers are happy," Midas said.

"The business has grown rapidly over the years and should continue to do so."

The shares' decline since early 2022 had run to far and should bounce back, Midas added.

Keystone boss James Knights's recipe was to let lawyers act as semi-independent consultants, furnishing financial, IT and compliance support.

In turn, lawyers had more flexibility to give clients engaging and effective service.

Heightened demand and competition for new lawyers fed concerns among some brokers regarding the business's growth potential.

Yet the latest interim results saw double-digit growth in turnover, soaring profits and more lawyers on the firm's book.

"Business is brisk and expected to remain so, even if economic conditions remain subdued."



Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GB Group Market Data

Currency UK Pounds
Share Price 358.40p
Change Today 5.00p
% Change 1.41 %
52 Week High 363.00p
52 Week Low 231.40p
Volume 242,203
Shares Issued 252.63m
Market Cap £905.41m
Beta 1.37
RiskGrade 140

GB Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.43% above the market average13.43% above the market average13.43% above the market average13.43% above the market average13.43% above the market average
77.50% above the sector average77.50% above the sector average77.50% above the sector average77.50% above the sector average77.50% above the sector average
Price Trend
56.14% above the market average56.14% above the market average56.14% above the market average56.14% above the market average56.14% above the market average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Income
56.97% below the market average56.97% below the market average56.97% below the market average56.97% below the market average56.97% below the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average
Growth
74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average74.47% below the market average
97.5% below the sector average97.5% below the sector average97.5% below the sector average97.5% below the sector average97.5% below the sector average

What The Brokers Say

Strong Buy 5
Buy 4
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GB Group Dividends

  Latest Previous
  Final Final
Ex-Div 20-Jun-24 22-Jun-23
Paid 02-Aug-24 03-Aug-23
Amount 4.20p 4.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:36 10,000 @ 358.40p
16:35 156 @ 358.40p
16:35 5 @ 358.40p
16:35 132 @ 358.40p
16:35 494 @ 358.40p

GB Group Key Personnel

CFO David ward

Top of Page