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magazineGB’s quality shines
GB GROUP (GBG:AIM) 341.75p
Gain to date: 35.1%
Original entry point: Buy at 253p, 27 October 2016
The most important point of GB’s (GBG:AIM) year end update is the profit beat, adjusted operating profit of £17m versus £16.4m consensus. That’s a 19.5% operating profit margin, a full percentage point ahead of analyst hopes for the 12 months to 31 March 2017 and easily on track for 20% targets by 2019.
Sentiment had been unfairly dogged by a slow GOV.UK verify programme, and our call to take advantage has paid-off impressively, the share price 35.1% up in exactly six months.
A quality business; we remain happy to continue backing even on a forward price to earnings (PE) multiple of 31.9. (SF)
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Issue contents
Big News
- Energy in a spin over plans for power price cap
- Wincanton joins list of potential takeover targets
- Virgin Money shrugs off unsecured debt concerns
- Sportech easier to swallow after pools sale
- Tritax investors offered cheap shares
- Spanking for Sports Direct
- Robotics stocks could get boost from Trump policies
- Whitbread burnt by Costa sales decline
Editor's View
Feature
Great Ideas Update
Investment Trusts
Larger Companies
Money Matters
Smaller Companies
Story In Numbers
- ZPG could tap £3bn revenue opportunity
- £1,470: Moneysupermarket saves you money but is it a good investment?
- 71 month high: French business activity
- FTSE 350 sectors, best performers
- Commodity prices this year selection
- £150m: Debenhams’ costly to-do list
- $5.4trn: Record ETF flows boost world’s largest asset manager
- £100bn: Search advertising market is booming
