Bango Share Discussion Threads

[amt] 27/4/2024 16:49

From Boku so 23% seems to match closely with what they had. Here is the extract

Total Payment Volume ("TPV") of $10.5 billion in 2023, up 18% from $8.9 billion in 2022. On a constant currency basis*, TPV was 23% higher than 2022

They did the currency calculation and for them it made a 5% difference.

[amt] 27/4/2024 14:43

That assumes no growth in Docomo or given the fx impact say 10% growth in Docomo in local currency.
We have to remember Bango reports in USD so fx vs Japan reduced sales by at least 10% vs prior year.

[amt] 27/4/2024 14:39

Maybe worth repeating a post from a while back

One other thing that has caught my eye is that without Doccomo transactional revenue grew from
13m to 16m per annum or 23% so not too bad and still life in DCB. That fits in more with market trends.
Perhaps once the Docommo has been fully transferred that will grow a but more strongly.
So instead of assuming 5% growth perhaps 10% is more realistic.

[lentjes] 27/4/2024 08:56

From the results, will focus only on new routes with potential $M’s of EUS

Bango DCB continues to grow. In 2023, we launched both new content providers through existing routes and new payment providers. We expanded our partnership with TPAY to deliver new Google routes in the Middle East and Africa, from Egypt to Iraq. Looking forward, we expect further additional growth particularly in developing markets, but will focus only on new routes with significant potential ($M's of End User Spend) as we manage this business both for cash generation and as a source of new DVM opportunities.

[lentjes] 27/4/2024 08:51

Good point, thus maybe the reason for conservative payments growth fc by the BoD

[6gr] 27/4/2024 08:19

Don't forget that the Yen has been falling near continuously over the last 5 years, so whilst the Docomo revenue largely in Yen may be growing, it will be much slower when converted to GBP. GBP/JPY has weakened by 17% in the last 12 months. 167 exactly one year to 197 today.

[amt] 27/4/2024 08:07

My pleasure, hope you enjoyed the bap Lentjes.
I did calculate that the payments business excluding Docommo was growing at a much higher rate than mid single digits assuming Docommo is static at the moment. Also in an earlier Hastings interview Amol mentioned upper single digits growth. Boku is of a similar Size and growing at 20% plus if my memory serves me right. It could be that the boom during Covid is making comparatives difficult to compete with and indigestion from the Docommo acquisition disguises the fact that growth is still quite strong. I think from 2025 onwards once Docomo is all on the Bango platform we might see it pick up again at least in line with market trends even if Bango don't invest much in it. So I think we should see at least 10% growth there.
As with this whole situation we just have to forget 2024 in terms of numbers and hope that 2025 will then give a clear indication of where the business opportunity lies and then we can start projecting into the future.

[6gr] 26/4/2024 14:45

Premiums on a £4bn business will always be small.

[parob] 26/4/2024 10:17

I would hope the directors would only settle for a much higher premium than that.

[jasperlachat] 26/4/2024 09:25

Well they can fuc right off with a 20% premium here!

[parob] 26/4/2024 09:22

Maybe some Dark Trace cash will end up here. Could only be a matter of time should the MCap stay this low.Chart looks on the verge of breaking North.

[amt] 26/4/2024 08:23

Yet another big software company takeover bid this morning, this time Dark Trace

[jasperlachat] 25/4/2024 12:24

Usual 5p spread today. Whoever makes a market in this share doesn’t deserve a licence.

[amt] 24/4/2024 08:30

The selling price has gone from 120p to 124p but not at very high volume. So at least the gap between buying and selling is reducing

[kaos3] 24/4/2024 08:21

usually there is a refill after a while

[parob] 24/4/2024 08:15

Looks like the 127.66p line of stock has been cleared with the offer price moving up now.Looks very close to moving up.

[lentjes] 24/4/2024 06:06

The Bango BoD have previous on failure to communicate new contracts so we can count that one out

[adtraderuae] 23/4/2024 13:36

Next leg up soon in my opinion. Hopefully sellers are done and now shares in firmer hands. Market expectations should be beaten, but only confirmed in next trading update, so only catalysts before then is additional new contracts or continued demand for illiquid Bango shares.

[amt] 23/4/2024 13:33

Selling depends on size of deal, large dummy trades only 1.20

[adtraderuae] 23/4/2024 13:22

I've just added shares today

[parob] 23/4/2024 11:23

I really feel we are very close to starting the next leg up. In fact I'm tempted to average up and have a final top up before it starts moving.

[smithie6] 23/4/2024 11:16

124.95p to sell, in reality, if one does a dummy sell.

[amt] 23/4/2024 10:51

There are some large American investment companies building portfolios. Look at Gresham technology. I hope they don't get a bid because the upside is so enormous.