Oct 29th 2012 - Edison Investment Research today published a report on GB (GBG.L, LSE:GBG, LON:GBG) entitled "Positive Half-year Trading Update". In summary, the report says:
GB Group’s H1 trading update, ahead of its half-year results expected on 27 November, confirms that the group is trading in-line with management expectations, with strong contributions coming from both its organic activities and acquired business. Recently, the group announced that Argentina and China have been added to its global electronic ID verification (eIDV) capability – GB can now offer eIDV on over two billion citizens in countries across six continents. These add to growth prospects for the group and support the current share rating. The balance sheet remains solid, with £5.8m cash and £7m revolving credit facility.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »