Debt dissuaders | Laughable comments
News covered here includes results from companies where the high level of debt is putting off prospective investors. The comments from one are laughable in the extreme and suggest that management has become detached from the reality of the current market environment. Read on here for our latest forthright assessment. (Premium)
GB Group: new CEO will have plenty to do GB Group (AIM: GBG), the experts in digital location, identity verification and identity fraud software, announced results for the six months ended 30 September 2023. Following a badly-timed and a very costly acquisition, this business has a job on its hands restoring investor confidence. On a reported basis, revenue in the first half fell 1.1% to £132.4m. Across its 3 business segments: The Location business grew revenue 8.1% to £36.6m (27.6% of total revenues) with new customers and partners including Deutsche Telekom, Credit One and Moody's Analytics. The largest Identity business…