Strong result and cash generation was excellent. UK business seems to be growing again. Still disappointing on the domestic front, but this was to be expected with the major contract loss last year. I think despite the increased software spend this was severely oversold at the $1.60s. Part of this was due to a well known share advisor issuing a sell at an inopportune time. Many retail investors were fleeing at any price! Despite the price increase GBT is much cheaper than BVS and has a stronger balance sheet.
Interestingly enough nobody posts on GBT since the big sell down - this loss of interest is another good sign in my opinion. Curious if anyone else has had a good look at the results and has anything to add.
GBT Price at posting:
$2.45 Sentiment: None Disclosure: Held
