Bango Share Discussion Threads

[amt] 19/3/2019 18:35

Annualised end user run rate must have been around 740m at year end so by now probably 800m. By end of year run rate could be 1.5 billion which would be generating ebitda of about 7 or 8m. Put that on a pe of say 30 and I can see share price trebling by ye with a bit of luck. Maybe wrong of course but its looking good to me. There is a time lag before actual current user spend shows up in the numbers. 2020 could be really exciting.

[aleman] 19/3/2019 16:50

From interim and final figures, H1 adjusted* EBITDA was -£916k. FY adjusted EBITDA was -£870k. So H2 adjusted EBITDA was POSITIVE.

Gross profit in H2 was £3,441,155. Other admin expenses (operating costs) in H2 were £3,392,534. The difference is +£48,621 in H2, compared to £-915,555 in H1. That's a marginal discrepancy with adjusted EBITDA but still the same strong swing into positive territory in H2 at the operating level. I'm surprised they did not make more of it.

(Adjusted EBITDA is earnings before interest, tax, depreciation, amortization, share based payment charge and non-recurring items.)

[nimrod22] 19/3/2019 16:43

It will be interesting see what the first qtr of 2019 brings in. "If" it's going to be on a positive note, then things could be on the up overall.

[muffster] 19/3/2019 16:31

Just because I agree with him does not make me him.What an idiot you show yourself to be.I've often sided against his viewpoint but on this occasion agree

[pr100] 19/3/2019 15:48

[b]"Your a cretin PR100 plain and simple.
Total administrative expenses (9,340,563)"[/b]

Try reading the figures properly. Current liabilities are £3.53m vs current assets of £7.25m.

You seem to be confusing expenses (employee benefit expenses, share-based payments, amortisation, impairment and depreciation) with liabilities.

Try to keep up. Current liabilities do not equal historical admin expenses. The company has £3.5m of NET cash at the year end and the directors stated that they expected this to be sufficient to support the current level of investment until the business becomes profitable.

Maybe you know something that they don't? Why not drop them a line forewarning them of imminent Armageddon?

[muffster] 19/3/2019 15:22

Can't argue with Chimers logic. There is a massive cash drain here and soon funds will be needed. Otherwise they will be short.Company expects that they won't need to raise funds but I'm using a pessimistic assumption that they will.

[lentjes] 19/3/2019 14:52

Looks like the Chile Netflix / Movistar partnership is starting to develop into some useful subscriber numbers and with Movistar's parent company being Telefonica this probably involves Bango.

Also states the carrier billed payment option is the first phase of the multi-year agreement covering Europe and Latin America signed by Telefonica and Netflix back in May

[chimers] 19/3/2019 14:31

This time ...THE MONEY HAS RUN OUT.

And more worrying for you lot the market agrees 100% with every single word I have posted.

ST's desperate pump today is pitiful.
He is being looked into as is the rag he dribbles for.
I MADE THAT HAPPEN.

[alangrifbang] 19/3/2019 14:19

Hi there lentjes ,was a bit downhearted first thing this morning ,just phoned my broker in London and it's gone from sell to buy,this hasn't happened in the last 2/3 years ,so I'm taking this as a positive I hold 200000 and May buy some more this afternoon,I see the lunatic chimers is here again no Idea what he is posting and I dont want to know,good luck

[nickjoseph] 19/3/2019 12:15

Simon Thompson is like a company PR machine for Bango. Never known the IC like this before. How many times had he pumped up this company. He does more than the directors to support the shareprice. They must love him.

[pr100] 19/3/2019 12:05

You clearly don't know how to read a set of figures.

Their total current liabilities are £3.53m.

Against which, you can offset current assets comprising:

Cash: £3.81m
Trade receivables: £2.81m
Tax credits: £0.63m

So current assets = £7.25m

In other words, they are nowhere near trading insolvently - and they have enough cash to survive for another 12 months at the same rate off loss, albeit it looks as though they may move into profit at some point this year. They may still raise more cash - but they are not being forced to do so.

You would aid your credibility by not inventing stuff to shout about.

[chimers] 19/3/2019 11:37

Their liabilities outweigh their cash or in other words they are operating insolvently right NOW!!

Total liabilities

3,792,362

[chimers] 19/3/2019 11:36

They are also blatant LIARS...

Operating costs they said have risen by £1m to £6.4m or whatever

However ....the TRUTH is somewhat different.

'Total administrative expenses (9,340,563)'

#STAGGERING

[lentjes] 19/3/2019 11:00

As Bango continues to grow its EUS and revenue in 2019 in line with prior year trends, cash consumption will reduce on a stable cost basis. With cash at the year-end of £3.8m, the Board believes there is sufficient cash in place to see the business through to cash breakeven and profitability. Based on the growth of the business and controlled cash, and with further growth in revenue expected in FY2019 and beyond,

and most importantly

Bango will have sufficient cash resources to support both planned investments to grow sales, and to develop new products to ensure Bango has a strong pipeline of upgrades and can process hundreds of millions more EUS in the near future.

[aleman] 19/3/2019 10:49

I bought in this morning.

If you knock off amortistion and share-based payments to get a better view of the underlying operating loss, you find it's gone from -£1.8m to £-1.1m. If EUS doubles in the next year, and data EBITDA goes from -£1m per year to positive inside 12 months, next year's numbers and prospects will look much better.

[oshy92] 19/3/2019 10:45

Morning. TV Interview with CEO and CFO following this morning's results:

www.fmp-tv.co.uk/2019/03/19/bango-interim-results-video/

[pr100] 19/3/2019 10:45

(b)"A loss making company HAS ZERO VALUE...TO ANYONE."(/b)

That's patent nonsense. Tesla, Spotify, Uber, the entire cannabis industry and many more haven't reported any profit yet. And it is possible for investors to see their shares increase in value while the issuer continues to report losses.

[chimers] 19/3/2019 10:13

A loss making company HAS ZERO VALUE...TO ANYONE.

[chimers] 19/3/2019 10:12

Hi would you like to buy my Fur Coat company...

'well I might how much money does it make?'

Turnover was £500m last year

'wow that's a lot of turnover but how much does it make?'

Turnover was £500m last year

'yes I heard you but what profits does it make each year?

Turnover was £500m last year

'sigh'

So do you want to buy it then?

'oh go on then I will give you a £1'

Thanks there's the keys bye...

[pr100] 19/3/2019 10:06

What their figures indicate is that they have been gaining business by undercutting the market to a level which can never be profitable. I can see no other explanation for the reporting of continued losses on significantly higher revenues.

They will have to increase their margins - which would then put their contracts in jeopardy from some other aggressively priced player.

Running at a loss in order to build scale is not necessarily a bad strategy though, as long as they can increase their prices and hold onto the business.

And I do think their platform is worth considerably more to a predator than the bare asset valuations suggest, even if the business is currently loss-making. The lack of significant debt helps too. So I could see a comfortable doubling in MC over the coming months, some of which could come from new equity issues which wouldn't help PIs.