Compelling value | Flying high | Looking fragile
News covered in our update includes another positive update from AIM’s leisure travel giant, which continues to benefit from the resurgence in overseas travel. Elsewhere, a financial services business appears to have structured a cracking deal as you discover here while a recovery play still has plenty of work to do. (Free to read)
GB Group: compelling value? Shareholders in GB Group (AIM: GBG), the experts in digital location, identity and identity fraud software, have had little joy since the large and poorly-timed acquisition of Acuant in the last quarter of 2021. Thankfully, the latest trading update for the year to 31 March 2023 brought the desired reassurance, with full year results in line with the trading update provided in February. GBG expects revenue for the year to be £278.8m, up 15.0% on the prior year, or 3.7% higher on a like for like basis, adjusting for acquisitions and other one-off factors. Adjusted operating…