Bango Share Discussion Threads

[smallcapinvestor1] 12/7/2016 08:31

I'm sure you have all read about pokemon go the new smash hit Nintendo app avaliable on android. This could be material to bango. You can read on the bbc headline news today about this game and how many downloads is has already in only three territories that it has launched so far. The game is full of in-app purchases and could be material for EUS on bangos platform.

[j777j] 12/7/2016 08:14

Stock overhang cleared in the 40's,should go up and retest the 90p placing price next.

[lentjes] 11/7/2016 17:48

Smallcap

I doubt it is Schroders or inflection point or any of the other top II's.

I would say the seller is whoever Peel Hunt dumped its shares onto as on 26th May they had 1.5m shares but are now down below 36k. I think its all linked to the mystery share selling end Jan / early Feb this year which included a single 1m plus share dump which went unexplained for what ever reason.

I agree once this is cleared the share price should climb back up especially in that for the last year BANGO have delivered on if not exceeded all promises and nobody expected the BilltoMobile RNS.

That's unless there are dark forces at work !!!!!

[smallcapinvestor1] 11/7/2016 10:24

I meant 10p added to the share price today but this wont happen as there is an ongoing large seller probably either schroders or inflection point or possibly both. Whoever it is has decided they want out but as soon as they are cleared the stock will head back up to the last placing price level. The company and their advisers should be working to find a new institutional buyer at these levels to clear the seller.

[lentjes] 11/7/2016 08:39

Boonkoh

Bango cash burn is fixed with the exception of the one off cost for BilltoMobile so I expect cash to be around GBP 8.1m based on the following

2015 year end cash GBP 12.1m
Less 6 month cash burn GBP 2.5m
Less cost of BilltpMobile GBP 2.5m
Plus margin on EUS let's say GBP 1m

Gives cash at end June approx GBP 8.1m

Summary no need for raising more cash just yet unless further M & A planned or upgrade in the BANGO platform capacity but would not rule out in future as BANGO have always stated cash in the bank is the key for MNO & APP partners going forward

[amt] 11/7/2016 08:37

Even if they had zero income they will have cash of over 7m Even Burning 4m per year with zero income means no cash call. Income in second half must be close to 2m so very close to break even. I doubt whether cash will fall below 6m now. For next year let's assume EUS of 250 m that would give breakeven with income of 5m if we get to EUS of 600m that's 7m net profit.

[boonkoh] 11/7/2016 08:15

Absent from announcement today: How close are they to break even and what's the current burn rate and cash situation? Looks like an overly rosy trading statement designed to pump up the share price for another placing.

[j777j] 11/7/2016 08:08

Seems to be gaining positive momentum,with further announcements expected,as flagged in todays rns.A retest of the 90p placing price would be a good first port of call.

[amt] 11/7/2016 07:54

100p a share I hope you mean. It was over 100p before all the subsequent good news

[smallcapinvestor1] 11/7/2016 07:52

Very reassuring statement this company has real momentum now. Feels like on the home straight towards profitability. Should be worth 10p a share today imo.

[lentjes] 11/7/2016 07:38

Great RNS and looks like all on track

I think the 143% YOY growth in internal EUS excluding the BilltoMobile EUS is fantastic news although we must keep in mind the impact of the fall in the pound but in any case great news

Also confirmation new activations going on in the back ground

[amt] 11/7/2016 07:18

Growth in EUS accelerating now well over 100%. at 143% Should be at break even middle of next year at that rate of growth I would have thought.

[lentjes] 05/7/2016 21:08

From 15th September Interim's

Amazon is also progressing its use of DCB with Bango, with a number of projects underway, and exciting developments expected 2016.

Hopefully news on the way soon

[lentjes] 25/6/2016 09:50

So what does the statement that less than 5% of EUS comes from the EU actually mean ?

2015 Accounts

UK & EU turnover including EUS & platform fees was GBP301K.

I have taken a stab at deducting platform fees as follows

Total platform fees were GBP458K but this included GBP220 from the US strategic partner.This leaves platform fees of GBP238K so roughly splitting this equally between all 5 geographical areas gives approx GBP95K attributed to UK & EU

Therefore you could say GBP206K of turnover can be attributed to UK & EU in 2015

Remember this is turnover !!!!!!!!!

Therefore if the amount of platform fees I have allocated is correct 2015 UK & EU EUS = GBP206K turnover @ 1.8% margin would give UK & EU EUS in 2015 of
GPB 20.2m which would represent approx 44% of the GBP47m EUS reported in 2015.

I agree this looks high but you can adjust the amount of platform fees allocated to the GBP 301K turnover and maybe we have a better margin in the UK. You could also do a straight split between total 2015 turnover of GBP 3.2m and the UK & EUS would still give a 10% contribution without considering the contribution from the US strategic partner.

Even taking account of the BilltoMobile EUS of GBP50m for Ray to make a statement that the UK & EU EUS now represents less than 5% of the total EUS looks very promising for the rest of the world EUS growth.

I will let you do the maths $$$$$$$$$$

[lentjes] 24/6/2016 18:55

Nice that we coughed up the money for BilltoMobile in May saving £££;£ on $ exchange

[lentjes] 24/6/2016 14:02

Bit of a strange statement from Ray but hey-ho I'm not complaining

hxxps://bangoinvestor.com/2016/06/24/impact-of-brexit-on-bango-plc/


← Announcement: Acquisition of US Carrier Billing Service BilltoMobile
Impact of Brexit on Bango plc
Posted on June 24, 2016 by rayand

Several investors have asked for a quick view from Bango management on the impact of a weaker pound on the Bango business.

Bango is a global business. Approximately 90% of Bango costs are in Sterling – primarily salaries for UK based staff and some datacentre expenses. More than 95% of Bango end user spend is from outside the EU, and the prices for Bango services are contracted generally in the currency of the country where end user spend is generated.

A weaker pound benefits Bango:

US$ acquisition of BilltoMobile from Danal. Acquired for cash – payment was made in May.
Future revenues generated from BilltoMobile in USA are in USD. For example, a 10% uplift when expressed in Sterling if sterling falls 9%.
Non US revenues change according to the relative currency exchange rate changes. At 12:00 on 24th June, for example, the overall end user spend and corresponding margin generated rose 6% expressed in Sterling.

Trading and Employment:

Bango has a Spain based subsidiary which could be used if appropriate.
Bango employs a mix of staff from a wide range of EU and non EU countries. Bango does not expect to lose any staff in the coming years due to introduction of new visa requirements for skilled staffs and the Bango HR team is well versed in visa process for non EU nationals.

[haozhen] 15/6/2016 21:08

Mostly of the Bango costs are in GBP so reduce in value of sterling will make faster path to profit when most of bango fee comes from processing in non GBP currency - like dollar and euro

Brexit good for UK and good for BGO

[amt] 15/6/2016 20:32

Yes a collapse in sterling would be good for Bango even if it has the potential to wreck the uk economy. So Brexit is not all bad news

[lentjes] 15/6/2016 10:26

During 2015 Bango achieved over 100% increase in year on year EUS despite substantial adverse impact of the strong GBP foreign exchange rate.

Considering the negative impact Brexit is having on the GBP the next EUS update which I expect end June / early July should be very interesting

[lentjes] 14/6/2016 16:29

Nothing to support this but the rise may have something to do with the Apple announcement where they are opening up their systems some of which may involve DCB or maybe related to MS buying Linkedin and they are going to charge via DCB for use of the service although we will have to wait and see.



hxxp://www.cityam.com/243206/apple-boss-tim-cook-leads-minute-of-silence-for-orlando-mass-shootng-victims-at-wwdc

[smallcapinvestor1] 14/6/2016 14:39

Building up a nice head of steam now. Decent buy of 100k at the offer price.

[lentjes] 10/6/2016 11:12

Smallcap

I totally agree global foundations are now in place and this is now all about growing EUS / margin and at what speed it can be achieved against cash burn. I think the next EUS update will be key and if on track to more than double YOY EUS I suspect it will be tick tick boom !!!!!

A point to make is that the forecast to double YOY EUS was based on existing activation and should be without without the billtoMobil GBP50m EUS and any new activations such as India both of which should give further upside to EUS although maybe a little early for India to have any major impact. If they only achieve the forecast increase in EUS including these then this would indicate the business model is not working so expect downside in the share price

I also think the Amazon Projects and the other payment methods that they mentioned in the 2015 results will be interesting although they are keeping stum as to the detail of what this is all about.

[smallcapinvestor1] 10/6/2016 09:02

I think this has bottomed and finally the worm has turned. Share price doesn't reflect recent news flow and shares all almost half the price of the fund raise last year. Global strategic platform now built connecting the world biggest and fastest growing companies to hundreds of millions of users and worth only £30m? Its bonkers. What an opportunity for those that can see it.

[lentjes] 03/6/2016 10:42

Does anybody know if BANGO are applying for an e-money license to enable the purchase of physical goods via DCB ?.

hxxps://www.finextra.com/pressarticle/64662/boku-brings-mobile-carrier-billing-to-uk-sports-and-entertainment-venues