Bango Share Discussion Threads

[chimers] 18/9/2018 13:21

Ripple could launch a commercial version of its payment platform xRapid "in the next month or so," CNBC reported September 17. Head of regulatory relations for Asia-Pacific and the Middle East at Ripple Sagar Sarbhai told CNBC that Ripple has been making strides toward the launch of its product xRapid.

The xRapid product is a real-time settlement platform designed to speed up international payments. Built for commercial use and backed by XRP tokens, xRapid addresses the issue of minimizing liquidity costs and making cross-border payment transactions faster. xRapid claims to significantly reduce the capital requirements for liquidity. Sarbhai said in an interview with CNBC:

[chimers] 18/9/2018 13:18

Now how much will you make on your handful of Bango shares?

Yeah...............thought as much.

[chimers] 18/9/2018 13:17

The top price I paid last year for ADA was 7 cents.It is currently 5 cents having been at $1.26

The top price I have ever paid for BTC is $6976 YESTERDAY.
I have bought BTC at prices ranging from $2470 to $6976

The top price I have paid for Ripple ever is 19 cents it is currently 30 cents.

I sold 150'000 ADA at $1.12 and now own considerably more than that.

I fully expect my Ripple holding to make me over £1m profit.

The risk is low the rewards can be high.
But it is not for the novice so stay clear.

[egrid1] 18/9/2018 13:07

Chimers said: "I have been buying a lot more crypto this week and last week."

He is trying to reduce his average price paid, having entered the market last December at the peak!

"You wont find that on AIM."

Said the dutchman at the Garden Centre!

[egrid1] 18/9/2018 12:36

Chimers, you are the person that last December suggested getting out of Bango... well done.

The problem though is that you suggested getting out and investing in crypto currency - which was at its peak in December and has fallen 70% since!

So actually your advice was fatally flawed and horrendously wrong. You should have stayed in Bango!

[simonsaid1] 18/9/2018 12:07

Extract (subscribe for the rest):

'Importantly, finance director Rachel Elias-Jones confirmed that end-user spend (EUS) processed through Bango’s payment platform, and from which Bango takes a cut, is on course to achieve house broker Cenkos Securities' target of £592m for the full year, up from £220m in the first half of 2018, and £271m for the whole of 2017. This implies an exit annualised run rate in excess of £900m. This part of the business is already profitable, and is set to become even more so in the coming months because chief executive Ray Anderson says that Bango’s “nearest to arrival pipeline of EUS is worth $4bn [most contracts are in the range between $100m and $400m (£303m), and a couple are over $1bn] and has been in principle approved by clients internally with technical due diligence complete.” Expect newsflow from the company on some transformational contracts in the coming months.

The directors also confirmed that their data monetisation business is expected to be cash positive within 12 months, highlighting the scope for another valuable income stream by offering both mobile operators and merchants information about users demographics, location, device history and historic spending habits so that they can market their services in a more sophisticated manner. Admittedly, Bango would already be profitable if it hadn’t invested in the data business, but the company is going to be even more profitable in the future as a result of doing so. Indeed, even if only a fraction of the $4bn near-term EUS pipeline enter into data service agreements, it’s not difficult to model a scenario where revenues and profits could ramp up.'

[chimers] 18/9/2018 10:22

EVERY SINGLE ONE OF YOU POSTING ON HERE SAID AND PROMISED THAT THIS WOULD BE IN PROFIT BY THESE RESULTS.

YOU SAID I WAS AN IDIOT (being polite)

SHOW ME THE MONEY!!

[chimers] 18/9/2018 10:03

Operating Loss

(2,203,607)

[chimers] 18/9/2018 09:55

Blah Blah Blah................ "YOUR" CASH BURNING AND MORE LOSS MAKING.



AGAIN!!!

[smallcapinvestor1] 18/9/2018 09:41

EUS is important but the margin on it will become less important as the data revenue from that EUS ramps up instead.

[amt] 18/9/2018 09:05

Are you saying EUS is no longer a good metric to judge the business by ?

[smallcapinvestor1] 18/9/2018 08:51

You need to fully read the statements to understand what is going on here. It's a shift to a new business model. Discounting EUS to get it on to the platform so that they can monetize the data. It's very obvious and clear to see, just read it. Let's not all get our knickers in a twist.Yes it extends the timeline but the senior hires announced today attests to the potential here. I'm sticking. Waited five years already so happy to wait another two or three to see if it works.

[gsbmba99] 18/9/2018 08:44

The revenue % EUS on incremental spend was only 39bps. EUS increased YoY by £128m and revenue increased by only £0.5m. Implicit assumption here is they made the same 1.87% as last year on the first £92m of EUS.

[smallcapinvestor1] 18/9/2018 08:26

https://news.bango.com/2018/09/18/senior-hires-as-bango-expands-mobile-commerce-partnerships/Senior hires...reads well.

[value viper] 18/9/2018 08:19

hhmm....market not impressed it seems !!
see if Odey adds more

[mauricemonkey] 18/9/2018 07:55

No numbers on current EUS, true, but they do say they expect EUS to double again and that it’s necessary for them to invest now to provide the scale required for EUS to exceed $5Bn by 2020 due to their $4Bn EUS sales pipeline. Sounds positive to me, we’ll see what Mr. Market thinks in 5.

[simonsaid1] 18/9/2018 07:53

On first sight all looks good to me. People are far too flippant about numbers like 138% YOY growth in the key metric of the business.

Intriguing line about 4bn EUS in 'pipeline' of mobile carrier transitions.

Also contains a line about Audiens acquisition that I'd never seen before. 'commercial agreements to accelerate Bango data monetization capability by 12 months'.

With the payments business called out as EBITDA positive and investment in the company itself up, it's clear there is a lot going on and the business is continuing to scale up heavily rather than dump everything on the profit line right away, but evidently that transition has begun and this was likely the last update we'll see with an LBITDA rather than an EBITDA overall!