Updates

GB Group

September 2025

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

GB traded in line during Q1, while unchanged full year forecasts assume a similar level of organic revenue growth (+3%) and a 3% FX headwind from weaker US$. Consistent with its last full year results announcement it expects FY25 to be H2 weighted. But this news was overshadowed by encouraging news that the planned move to the Main Market is now set to take place early November 2025 with the planned workstreams well underway. In addition, having completed its £10m share buy-back in early June, GB has approved an even larger one worth £25m (c. 4.5% of its market cap), which has just commenced. Deutsche Numis notes GB trades on a EV / EBITDA of just c. 9x and prospective PE of 12.6, falling to 11.3 for the year start ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X