Bango Share Discussion Threads

[chimers] 03/10/2017 16:48

And my wife.

[lentjes] 03/10/2017 16:43

Only if includes shorters

[simonsaid1] 03/10/2017 16:20

Super robustness so far this week. Seems we have a new base at around 260p. Good to see this share growing in a sustainable, organic way. No AIM nonsense, just solid operations leading to solid gains.

[woodcutter] 03/10/2017 12:47

Leading thanks, look forward to you posting

woody

[leading] 03/10/2017 09:00

I have e-mailed Bango on the accrued income point and will post again when I get a response.

Woodcutter - I think your margins are higher than other people are using to project forward. They tend to be on a sliding scale and reduce as the value of transactions increase.

[woodcutter] 02/10/2017 18:09

leading

Yes, i'd picked up on those points too when i read the report. It's probably the only thing that's preventing me taking a position at present. I've also some reservations on the market too. I can't imagine credit card companies sitting idly by and letting their market disappear in front of them.

just to put some numbers on the table it looks to me like:
£1b EUS @ 95% gross margin & 1.7% commission is over £16m gross profit
£5b EUS @ 95% gross margin & 1.7% commission is over £80m gross profit

£5b EUS being the platform build capacity from what i can gather.

With admin costs around £7.5m including D&A and £5m excluding D&A and supposedly stable for the immediate future it looks an interesting prospect.

Happy to have the numbers questioned

woody

[muffster] 02/10/2017 16:02

Momentum coming back here. With Bango getting the most innovative DCB technology award last week, I'm certain this can only help exposure.

[nimbo1] 02/10/2017 12:05

thanks for those interesting posts, looks set for a move higher imo

[simonsaid1] 02/10/2017 11:51

Email [e-mail] and mark it FAO Rachel Elias-Jones, she should be able to explain the figures.

All the best.

[leading] 02/10/2017 11:09

That's a good question.

Note 6 to the financial statements provides a bit more detail. The culprit appears to be "Prepayments and accrued income" which has ballooned from £538,750 at 31/12/15 (41% of turnover for the year), to £1,310,551 at 31/12/16 (50% of turnover).

I can't see why the prepayments element should be material, so this is probably nearly all accrued income i.e. income which Bango has earned the right to, but which it has not yet invoiced.

Reported total debtors at 30/06/17 increased from £1,826,796 at 31/12/16 to £2,218,262 at 30/06/17 which suggests that this effect is continuing to grow.

Anyone have any ideas about what's causing this? Might be a question to put to the management I would think. 50% of turnover represented by accrued income is extreme. I am surprised there was no comment on this in the financial statements, but I couldn't see one. May have missed it.

[woodcutter] 30/9/2017 15:59

Can anyone explain why the receivables are so large. From the 2016 results they're getting paid on around 250 days if my analysis is correct

woody

[kop202] 29/9/2017 09:32

More BANGO for your buck

[qs99] 28/9/2017 14:54

Will look to pick up below £2.50, may not get there, let's see. GLA

[simonsaid1] 28/9/2017 14:49

I bought some more today in the dip. 253p which I think is great for this solid co, chuffed to bits.

Seems to me a good time to accumulate, as the hype from the results and IC coverage settles down and we're back to being off-radar. This time in 6 months all of the maths for Bango will be different, and I am targeting the £5 range before taking some profits.

[acefromspace] 28/9/2017 14:44

Good call Nimrod. It's a risk but this share is tradeable. I didn't this time.

[nimrod22] 28/9/2017 12:51

time to start buying back in.....

[chimers] 27/9/2017 18:52

Make your money make money.

Throw the farm at Bango.

It is the safest risk investment out there "Simon Thompson"

[chimers] 27/9/2017 18:50

Bango are currently working on allowing companies to monetise the internet of things or IOT.
Accessing gadgets in your home will now be charged via your device and via BANGO's platform.

Digital revenues are nothing though compared to the amount of money that is used to buy physical goods online via mobiles.
We are talking Trillions.

1.5% of Trillions is.....................BEYOND £10 per share with bells on!!!

[chimers] 27/9/2017 18:33

Wouldnt surprise me in the slightest if a predator is lurking !!

Best they try and buy it now before it costs then twice as much!!

WTS.


shush now................

[chimers] 27/9/2017 18:32

The thing is see lads...........its coming up to XMAS.

Amazon Japan does 1 third of its 1 trillion/ $10 billion/ £7.8 billion trade over the xmas period!!

BGO are going to need much larger wheelbarrows.


This is why they stress tested the system for up to 5 billion transactions

And thats Just Amazon Japan.



Oh and................SOME VERY LARGE DELAYED TRADES REPORTED.

[glawsiain] 27/9/2017 14:59

Bango has won the award for the ‘Most Innovative DCB Technology’ at the Global Direct Carrier Billing Awards 2017, continuing a very strong year. Hosted in London on Tuesday, 26 September, as part of the Global Carrier Billing Summit event, this was the first Global Direct Carrier Billing Awards competition.

This award recognizes the new technology and capabilities added to the Bango Platform to handle the many complexities involved in the recent launch of carrier billing by Amazon Japan. In June 2017, the Bango Platform enabled carrier billing in the world’s leading online store, in the world’s leading e-Commerce market, for over 75% of the population, signaling the first large-scale move for this alternative payment method into the $23Tn e-Commerce retail market.

Bango is proud to provide the technology used by the world’s leading stores to enable carrier billing. This innovation award reflects the role of the Bango Platform in enabling the market to offer carrier billing at scale, increasing payments inclusivity for the billions of smartphone users around the globe.

[chimers] 27/9/2017 11:43

So hands up everyone ....who spoke to the Supreme Leader today ?

[chimers] 27/9/2017 11:43

Well go see your doctor then...oh and IM HERE TO STAY!!