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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bango Plc | BGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 1.22% | 124.00 | 14:09:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 122.50 | 122.50 | 125.00 | 122.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 09/4/2024 09:46 by amt rmillaree you are missing my point. The costs you are referring to are the investments into the DVM development plus I did make clear that the costs from the acquisition were about 10m higher than planned plus taking a year longer to get the benefit. You should look at 2025 to see the benefits. It proves my point that investors expect quick returns. I think my point will become clear in 2025 that the Docommo acquisition was worth over 100m in market cap and has not been a really bad investment as you infer and not generating the cash expected.Anyway when asked about the share price reaction I think Paul was quite sanguine about it. For me it was great news as I could double my investment at 100p which I wouldn't have been able to afford at 2 quid. No dilution so looking forward to the future. My point remains though that the UK stock market is hopeless at valuing companies with longterm potential. In the US it would have been a very different story. |
Posted at 09/4/2024 09:05 by rmillaree In effect what has happened is they announce an acquisition worth 16m per annum of revenue at 90% margin longterm with virtually no overhead required longterm.imho this is nonsense - facts are they only expect to report £3 mill profits year end 31/12/2024 and thats with the booked cost savings in place - and they are expecting chunky capitalisation costs this year that will probably outweigh depreciation/amortis Hopefully the building blocks are in place but when they expect $54 mill of revenues and $51 mill of that goes out as expenses its fairly clear to see the incoem for whatever reason is not all profit. I am never knocking the potential here but huge difference between saying you will deliver and then dont and delivering - the market obviously doesnt fully believe teh story till they deliver. "It's very difficult for Companies to make longterm strategies in the UK because of a very poor investment environment. Investors want instant results." How long has bango been trading and the issues here are them promising gold and then yanking it away at the last minute - they have had plenty of time to get up to speed and the issues here are ALL 10% imho to do with management over promising and under delivering - none of thats to say it wont come good but in some resepcts the $200 mil valuation was theer because theye the mangement said they would deliver real profits and they havent as of yet. |
Posted at 09/4/2024 06:54 by amt Bango is a classic case of the share price not being valued correctly on a longterm basis. In effect what has happened is they announce an acquisition worth 16m per annum of revenue at 90% margin longterm with virtually no overhead required longterm.In the first couple of years it will cost 35m to restructure and GM will be about 80% because of the platform they are using. Therefore expect bad numbers for a couple of years. initially the share price goes up a bit but when the bad numbers come through are worse by about 10m than expected the share price halves and knocks 100m usd of the market cap. Now nearly two years after the acquisition the turnover and GM from the acquisition are confirmed by the numbers and the cost savings are confirmed but it's too early to see it in the numbers the market starts to believe in what the management announced two years ago and the share price starts to recover. It's very difficult for Companies to make longterm strategies in the UK because of a very poor investment environment. Investors want instant results. I think the acquisition should have added 100m plus to the market cap originally and Paul hinted at that yesterday. The payments business alone is generating 32m usd of revenue at 90 to 95% margin from 2025 and very little cost required to support it. Its almost like a royalty of 30m usd growing at 5% per annum. That alone is worth a lot more than the existing market cap in my opinion. DVM is in for free. |
Posted at 08/4/2024 09:55 by missmimz Investor Presentation:Bango is hosting a presentation, open to all existing and potential shareholders, at 10.00am BST today. Investors can sign up to Investor Meet Company for free and register to join the call here: hxxps://www.investor |
Posted at 19/3/2024 12:32 by lentjes Raymondo has previously stated at a share price higher than we are today that with his and Anil’s share holding along with supportive long term investors he was confident of fending off any low ball attempt to take Bango out, let’s hope he still has the energy and the support of the long term investors for a fight if required |
Posted at 05/3/2024 05:30 by lentjes Is there an AIM rule requirement for Bango to give advance notification of the day when they will issue the results or is it just good practice, can they just drop them without advance notificationLast year the results were issued 28th March but they had announced the results day at the TU on 24th Jan That said the Notice for 2022 H2 results was only issued 17 days before results issued so maybe we will get notice either this week or early next week It will be interesting to see if they also announce an investor presentation & Q&A immediately following the results, maybe the delay is in hope most investors diaries are already full lol |
Posted at 30/1/2024 07:52 by lentjes and no follow on statement from Larbey as to the reason for the change,Just a reminder this what he said back in March last year Bango CEO, Paul Larbey, said: "Bango is on an incredibly strong growth trajectory, which is attracting interest from institutional investors internationally. To serve our growing investor base we believe the appointment of a new Nomad and a joint broker will inject fresh energy and expanded reach through our investor engagement activities. We look forward to working with both Singers and Stifel as we embark on this next phase of our growth journey." The share price has more than halved since the above announcement |
Posted at 23/1/2024 17:42 by egrid1 It appears that even Simon Thompson, of Investors Chronicle cannot recommend a BUY at these price levels (£1.10), and seems to be a reluctant holder.As he has been tipping Bango for years, it seems even his expectation for the jam tomorrow is coming to an end. "It also raises concerns regarding both the upfront and ongoing costs of supporting large telecom customers and the margin to be earned from DVM customers in the longer term." As I have sad in recent days, the company seems to be very good at pivoting out of what it claimed was going to be the cash machine, to something new... but that something new rarely produces, and so another pivot is needed. The company appears to exist to provide well paid employment and share options and does not seem to be able to reward investors. |
Posted at 23/1/2024 09:06 by 888icb Investors are wrong to ditch BangoThat is the title of Simon Thompson’s article on BGO in Investors Chronicle . These are the concluding paragraphs of the article: “ Based on revised estimates, Stifel now forecasts 2024 adjusted pre-tax profit and earnings per share (EPS) of $3.6mn and 4.6ยข, respectively, or 75 per cent below its forecasts at the time of the interim results (‘Exploit Bango’s glaring valuation anomaly’, 18 September 2023). In addition, analysts now expect the business to be broadly operating at cash flow break-even in 2024 rather than delivering $7mn of cash generation. In my view, the lower than expected level of profitability and the hefty profit downgrade to 2024 forecasts explain why Bango’s share price crashed. It also raises concerns regarding both the upfront and ongoing costs of supporting large telecom customers and the margin to be earned from DVM customers in the longer term. The other important point to note is that there was no mention of the hefty 2024 earnings downgrades in Bango’s trading update. Effectively, the board has reset the bar, but not communicated this to shareholders directly. Clearly, the house broker's massively revised estimates for 2024 are based on discussions with the directors. That said, I see no point bailing out at such a depressed level. The £86mn market capitalisation company is rated on less than seven times downgraded 2024 cash profit estimates to enterprise valuation, a multiple that has scope to expand and drive a share price recovery assuming Bango converts its pipeline of DVM opportunities. Hold.” |
Posted at 19/1/2024 09:51 by egrid1 I have held Bango on and off for a good few years now.It seems to me to still be acting like a start up, as it pivots from one fantastic future money making idea to another. Unfortunately, all the previous great ideas seem to have come to nothing (profit wise), and seem to quietly go off the radar as the next new great idea is pivoted to... How long ago was the Digital Vending Machine - the latest great idea that will make a fortune first spoken of? Unfortunately, being nearly a quarter of a century old, and having listed on the Stock Market nearly two decades ago, Bango is not a start up, nor is it profit making in the sense that it can provide investors with a return. The profit in the few instances that there has been one, is all absorbed in the next great hope. Lets face it, for years now, Bango has been bragging about major contracts with Google, Amazon, Apple etc... With such major contracts bagged years ago, and the latest great idea of the DVM, when will this share actually start providing a return to us, the investors. Will the DVM finally be the way Bango makes money, or will we hear of a new future in the next few years as the DVM quietly gets spoken about less often and never really makes the money we were all expecting? Read through "The Journey" All those new technologies introduced with great hope - but where is the profit from them today? The company has certainly grown - it does more and more, and turns over more and more EUS... but still does not make money for us... 25 years of making money only for themselves with share options and higher salaries as they have grown the company (but not made it profitable). Manyana |
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