Bango Share Discussion Threads

[jasperlachat] 22/2/2024 08:47

28 March last year. Can’t see the urgency here. More time to update on 2024 developments and produce a sensible forecast.

[amt] 22/2/2024 08:41

I expect they are still working on the costs of the Docomo acquisition. These shouldn't distract from the real story here which is one of opportunity growth and cash generation

[lentjes] 22/2/2024 08:31

If the Bango BoD are not willing or able to give a date for the 2023 results then this indicates they do not have confidence that they have the full details to sign off the report and the market will react accordingly

[muffster] 22/2/2024 08:21

Amt ypu maybe able to buy more lower, hold off. The news here has been poor recently

[adtraderuae] 22/2/2024 08:21

Constant stream of sales for past few days, very strange at this price level. No new forecasts for 24/25 and a lack of news in general with only one small Director purchase - very weak!

[amt] 22/2/2024 08:07

Share price looks weak this morning, opportunity to buy more

[amt] 22/2/2024 07:17

Hi Alan yes Boku has surprised me after it's stumble with its poor acquisition of the ID business. However its got rid of that and gone back to its main business which is growing strongly, like Bango’s. I bought back into Boku and making money.
However the upside of Boku is clearly limited as its already valued at 6 times that of Bango and they are similar businesses. Bango has similar EUS at about 10billion vs Boku but growing much faster on other areas and could overtake Boku in a couple of years time. Therefore I see an enormous opportunity with Bango at these ridiculously low values and have doubled my share holding. I expect a recovery during 2024 and a rapid expansion in 2025 onwards. Its been unfortunate that some accounting changes and underestimate of the costs of the Docomo acquisition have derailed momentum but that's short term noise. It's similar to Bokus stumble with the ID business except that the Docomo acquisition will ultimately prove to be transformational for Bango.
I sold half my Seeing Machines to finance my new Bango acquisitions. Seeing is risky vs Bango by the way as its expecting a lot of good news which may or may not materialise and its on a high valuation while Bango has all the bad news built in to its share price.
Anyway a lot safer than those dreadful mining shares although Shanta and GFM have done well. I will give that sector a wide birth, its gambling, not investing.
I put the downside on Bango at 20% at which point Boku could buy it for cash and double its EUS overnight. Anyway nothing is guaranteed so DYOR but those are my views and I can't believe my luck at doubling up at such low price.

[alangriffbang] 21/2/2024 18:18

amt looks like I made the right decision I like boku now much more than bango the penny has now dropped ,good luck,

[amt] 21/2/2024 07:54

Difficult to believe that Boku is valued at 460m and Bango 80m. Boku itself looks cheap with analysts valuing it at 650m.

[tsmith2] 20/2/2024 17:10

Following the news that Prime Video is introducing ad-funded content, new research from Bango shows that ads are delivering serious gains for streaming and subscription giants. According to the data, the launch of ad-funded tiers has driven more than a third of US subscribers (36%) to upgrade their services.But it's a dangerous game for subscription providers, with 31% of subscribers saying they've canceled at least one service because ads were introduced. Strong objections also remain towards 'premium ad tiers', with 78% saying that paid-for subscriptions should never display ads.These findings and more come from Bango's newly released Subscription Wars 2024 report, which incorporates research from over 5,000 US subscribers on their habits, behaviors and attitudes towards subscriptions.According to the Bango data, acceptance of advertising varies across different subscription types. While 35% of TV and video streamers have paid for an upgrade to avoid watching ads, this figure rises to 48% among music subscribers. For those streaming sports content (SportsVOD), the number is even higher with a massive 71% opting to upgrade when ads are introduced into their services.Password crackdowns and flexible subscriptionsThe Bango report also highlights the impact of recent crackdowns on password sharing. Since the new, strict rules were introduced by services like Netflix, 35% of subscribers have started paying for a service they previously accessed for free via someone else's account.While these changes are driving subscribers to sign up and pay out, they're apparently not enough to keep some people hooked. More than a third of subscribers (35%) still regularly jump between platforms, pausing and restarting their subscriptions to access the content they want. According to Bango's analysis this demand for flexibility and cross-platform experiences isn't going away.Subscription hubs and 'Super Bundling' define 20242023 saw services like Verizon +play launch as America's first all-in-one subscription hub, 'Super Bundling' services such as Netflix, Starz, Max, Paramount+ and more all in one place.According to data from the Bango 2024 study, this represents a welcome trend for subscribers, with 73% saying they want one platform to manage all of their subscriptions in one place. 69% would also like the ability to pay for multiple subscriptions via one monthly bill.When it comes to offering these all-in-one services, American subscribers are wary of a return to 'cable TV' style packages, with only 29% wanting their cable company to manage their subscriptions. Instead, half of subscribers (50%) say they want their cell phone provider to launch a content hub. The majority of these (61%) would even pay a higher cell phone bill to receive this service, with the average subscriber happy to pay an additional $364 per year (+19% of their annual bill).Commenting on these findings, Paul Larbey, CEO of Bango said, "American attitudes towards subscriptions are changing. While many people predicted that ad tiering would be firmly rejected, in reality subscribers are welcoming the flexibility it provides. People want choice. Those who are happy to watch ads accept them, those who aren't pay a little extra. The important thing is that they have the freedom to choose.""It's that same demand for choice that's driving the move towards content hubs and Super Bundling. Subscribers want to jump between different content and services but they don't want the admin headache of managing multiple accounts and paying multiple bills. With the rise of Super Bundling in 2024, we're expecting to see that headache disappear. At the same time, these all-in-one platforms will help drive new revenue for cell phone providers and allow subscription services to share users rather than fighting over them. It's a win-win scenario for businesses and subscribers alike."To find out more US subscriber trends, download Bango's full Subscription Wars: Super Bundling Awakens report here.

[vespasianthesubguest] 20/2/2024 16:22

"Good article on Bango website stating that about 70% of users want one site to visit for all their subscriptions." - it's an absolute no brainer, isn't it? I had this idea but for managing all your bills in one place years ago. I'm no entrepreneur though but imagine having both in a single place.

[amt] 20/2/2024 15:40

An old article buy look what is says about Japan. Looks like Bango are very shrewd

[amt] 20/2/2024 15:36

Good article on Bango website stating that about 70% of users want one site to visit for all their subscriptions.
That's an enormous market for Bango to go for. I bet they are incredibly busy signing up deals at the moment.

[lentjes] 19/2/2024 17:36

167

I know we have discussed the various entities of Audiens Uk & New Deep but do you know if Audiens SRL Italy is still trading and is this still owned by Bango or was this all part of New Deep and is now also dead and buried. I recall back in November 2019 Marki Maras was paid a further £1m in deferred compensation for meeting ambitious targets early

[parob] 19/2/2024 15:30

Hopefully new higher low going in here as a new uptrend forms following the double bottom.

[lentjes] 18/2/2024 10:37

Thanks
Forgetting the layering of the various companies for what ever reason your summary is how I understood what has happened at at no time did I think the Bango Audiences would be impacted as I’m sure the technology rights they gained as the result of the Audiens acquisition in 2018 remained with Bango and are fully imbedded in the Bango platform

As mentioned let’s hope this is the end of the Deep cash drain that has taken place over recent years

[pensioner167] 18/2/2024 09:58

Bango acquired Audiens for its analytical technology. The UK element of this was Audiens Ltd. This technology enabled Bango to develop Bango Audiences which uses data collected by Bango for targeting customers with similar products.

The Audiens technology can be used for other applications. To deal with this Bango formed a new Company Bango Deep in 2018. People who were working for Audiens were transferred to Bango Deep. Bango Deep and Audiens Ltd shared the same address at Histon and staff would not notice a lot of difference. Setting up a new Company is normal. People would still consider themselves to be working on Audiens but the legal entity changed from Audiens Ltd to what is now Newdeep Ltd.

All except two Directors of Audiens Ltd resigned in October 2020. The remaining Directors were also Directors of Bango Deep. Audiens Ltd effectively ceased trading and became dormant. This means it had no sales and no employees. People working for Bango Deep still considered they were working on Audiens.

In 2020 Bango Deep Ltd changed its name to Newdeep Ltd and South Korean directors were elected. Newdeep has been developing new products but has been trading at a loss of more than £2 million each year. Two things seem to have happened recently. Audiens Ltd was discontinued and no longer exists as a legal entity. This had no impact on Bango. In addition, there have been redundancies from Newdeep Ltd. It may well be that Newdeep is in the process of being liquidated. Bango owns 40% of Newdeep.

Bango Audiences are not impacted by Newdeep.

[amt] 18/2/2024 09:36

Lentjes you can get an idea of what they are spending directly on software development by looking at the movement on intangibles and what gets capitalised. For this expenditure to be capitalised and amortised it would have to be development of specific new products. All the other costs would have been written off as incurred.

[lentjes] 18/2/2024 09:10

When the Bango BoD state they are reinvesting millions of revenue $ in development of DVM and other related products is there anywhere you can find out where they spend this and with who, is it internal spend which you would think is actually just a cover for allocation of overhead for tax efficient accounting or are they actually employing external resources and if so what companies are being used

[amt] 18/2/2024 05:42

Thanks for the info Lentjes. That's very encouraging since it sounds like it could have eventually turned into a significant business as Larby had been telling us for years, well until the last year or so when it didn't get mentioned much. So he was being straight with us, there was potential there. However its clear that Bango had to focus on the businesses with the greatest short term potential ie DVM and DCB due to funding and pressure to make profits. It could also be that they see DVM as becoming such a huge business ie hundreds of millions of turnover, they dont need Audiens. They also don't have the luxury of spending ten years building a new business. If it was an American company they perhaps would have done.
With Audiens other than in words it was difficult to point to how successful it was since it hadn't started generating any significant turnover. While DVM has gone from zero to 8m annualised turnover in two years and is expecting to grow to 16m annualised by the end of 2024. An incredible rate of growth and at 90% Gross margin. So I can see why with limited resources they decided not to pursue Audiens. I guess they could return to it in a couple of years when they should be generating 25m to 35m usd of spare cash per annum.
It's interesting the timing also. A couple of years ago they would have been looking at ways to further monetize DCB. They seem to have struck gold with DVM so I guess Audiens couldn't compete when it came to allocating and prioritising resources.
So it doesn't seem that Audiens was a fiasco but simply couldn't compete with this other opportunity.
It does mean that DVM must succeed now for this to become the billion USD company that we hope for. At this stage I don't see DCB being profitable enough on its own to get us to that sort of valuation, we'll not for another ten years anyway. DCB with EUS of 20 billion ( in ten years at current growth) would probably only produce gross margin of 80m USD which after all the overheads would perhaps be 40m of profit, not enough to get to one billion usd market cap.

[lentjes] 18/2/2024 00:34

No employees, well bellow are just 2 posts from the last 2- 3 weeks from employees who didn’t exist

Data Engineer

Yesterday was my last day working at Audiens. It was a great company that had exceptional values and we were in the process of building a pretty unique ( and impressive) Shopify app. 👨🔧

Sadly it was not to be, but I am grateful for the opportunity to work with some of the best minds in the business and I learnt a lot from each and every one of the Audiens family.

Customer Success Manager

After working with Audiens remotely for a couple of years, I finally took the plunge and accepted a full-time, permanent contract in May 2023. 1 headed up the Customer Success department, speaking to customers from all over the world and ensuring they have a great experience. I worked closely with the product, engineering and marketing teams to help develop the best product possible.
I also covered HR and executive assistant duties.
Sadly, as a start-up, we had some trouble with funding and a round of redundancies were made in the second half of 2023. At this point, I also took over the company finances when the Head of Finance left, and we all pulled together to try and keep us afloat while we secured funding. Sadly, this did not happen, and Audiens shut down on 31st January 2024

[pensioner167] 17/2/2024 23:13

If you look at the statutory returns then you will see that Audiens was dormant. This means it was not trading. It had no employees only a nominal director Wilby who was also a director of Bango Deep. Striking off a dormant company does not involve people losing their jobs as there were no employees. However if you use your imagination you can imagine loads of employees losing their jobs and lots of smoke and mirrors. What was Audiens is now part of New Deep.

[lentjes] 17/2/2024 20:45

167

Just further smoke and mirrors being played by the Bango BoD, to be honest I don’t have a clue what your post is trying to explain, all I can see is that on 31st Jan a number of guys & gals lost their jobs due to the owners of Audiens pulling the shutters down