GB (LON:GBG) - Positive half-year trading update
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.
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