Better than expected
Some welcome good news at last for shareholders in this provider of online competitions to win cars and other prizes, while elsewhere others reassure with positive results and updates. Read on here for our thoughts on the latest news from AIM.
GB Group: shares fall, but all appears to be in-line GB Group (AIM: GBG), the highly rated experts in digital location, identity verification and fraud software, announced results for the year ending 31 March 2022. The £500m+ acquisition of Acuant in November dominated the year and it will clearly be several years until we see whether that has been worthwhile. Based on the re-rating of technology stocks over recent months the timing of the acquisition in November clearly wasn’t ideal. Revenue for the year rose 11.4% to £242.5m, although underlying growth was 15.5%, excluding the substantial one-off benefit related to…