Bango Share Discussion Threads

[amt] 13/3/2024 11:53

aicanary yes Boku is cheap. Bango in transition like Boku a couple of years ago so wouldn't expect much if any profit until 2025 when it takes off and should be similar to Boku now.
Lentjes I don't think the share price means a lot except gives a great opportunity for those who believe in the story.
Today looks like a stronger day, no shares available to buy but easy to sell. Been there before but one of these days....

[a1canary] 13/3/2024 11:48

On Boku value comparison, better to look at net income. Bango has gone from 4.7m to -2m in two years. Boku = 20m.
Boku also on PE of 17. Not outrageous by any stretch.

[dr biotech] 13/3/2024 11:16

Or perhaps they realised they ballsed up with the last lot of results/guidance etc and realise that they want to get it right this time. Whilst most of us are nursing substantial losses, the BOD have probably taken a bigger hit.

[vespasianthesubguest] 13/3/2024 10:56

Maybe the delay is they're waiting on Japanese treasury to confirm unwinding of ultra loose policy which will send the yen down against the dollar. Squeezing any extra profits out at the end of the year. Who knows.

[lentjes] 13/3/2024 10:44

amt, I said from a far meaning mainly looking at the SP, the reason for the dramatic fall of the share price is unknown and the silence from the BoD is not helping

[amt] 13/3/2024 10:04

Boku revenue gone from 69m to 83m over last two years.
Bango 21m to 46m
Even if you take the acquisition out it would be 30m about 50% increase in organic growth while Boku less than 20%

[amt] 13/3/2024 08:56

Lenjes, Why do you think Bango are falling behind their competitors? I don't see much evidence for that.
Only the share price is falling behind but that's not necessarily an indicator. 18 months ago Boku had a big set back after a poor acquisition which they had to bail out of. Bango seem to having a much better time with their acquisition albeit a bit of patience required.

[lentjes] 13/3/2024 08:31

Yes amit BOKU appear to be doing well, so are Fonix who operate in the same space, yesterday they announced a divi, from a far it’s looking like something has tragically gone a miss with Bango and they are quickly falling behind their competitors, it’s not helping that the BoD are not communicating what’s happening

We are now halfway through March and no date set for the results so starting to think they may miss the March release which would add further concerns

[amt] 13/3/2024 07:28

Boku market cap has reached 500m and looks good for a strong rise. I wouldn't be surprised if it hits 700m by year end which would be nearly ten times that of the similar Bango.

[vespasianthesubguest] 12/3/2024 11:20

great so that means we could yet still see a massive dump?

[6gr] 12/3/2024 08:42

TR1 is filed after the holding has changed and must be filed within 2 business days for a UK stock.

[lentjes] 11/3/2024 21:44

Large volume sells today and ramped up at close,

Question, if a major stock holder decides to put its stock up for sale do they declare at the time of offering the stock for sale or only once the stock offering has been taken up, this could explain why no TR-1 notifications issued in that it’s taking time to off load the stock although the market is aware of the intent to sell thus the continued slow decline of the SP

Bango BoD need to issue the results asap, whether we like it or not we need clarity

[vespasianthesubguest] 11/3/2024 10:19

@molatovkid - thanks for the reply!

[amt] 10/3/2024 22:22

Direct carrier billing is growing globally at about 10 to 20% per annum and is valued at about 60 billion usd per annum. As time goes on its a way of the telecoms getting a slice of this way of paying for digital goods. It is also starting to be used for physical goods. Over a long time credit cards and debit cards will probably disappear.
Even so the credit card companies are still doing well. It takes a longtime for changes in payment methods to change because of security and regulatory requirements.
Carrier billing is very sticky so once adopted it continues and we have never seen Bango loose a customer so far to my knowledge.
The cost to the consumer is negligible so once established its difficult to see a better way of paying for a consumer who wants to pay through their telephone bill. I think we are safe for the forseable future.

[kaos3] 10/3/2024 09:41

A Q.
For how long can present tech solution offered by BGO last at least? How many years? Before all is replaced.... by some different system.

Great input on the past and the present on here.

But I miss discussion on the tech dangers.
Which probably exist and i do not understand.

What i am afraid is all becoming obsolete in a rapid way.

Like f.e. having just one digital currency account and all payments deducted automatically under the contract by the bank etc

It was done so in my country for decades.



TIA

[amt] 09/3/2024 22:17

There was a change of accounting policy on Revenue recognition as advised by the Auditors in January.
Extra cost of sales did come out of the blue, being costs of transferring some bits of Docomo. Given total one off for Docommo were 40m odd then 2m could easily have been underestimated. The detail was explained earlier in the interview with Amol
The FX difference would probably have arisen because they treated it as unrealised in the balance sheet. I guess the auditors came along and told them it's a p&l item.
They don't seem to have the international accounting experience required.
I choose to believe them.
If you don't believe what they are telling us then why stay invested. If you don't believe them and you turn out to be correct the share price could fall even lower.

[hastings] 09/3/2024 10:14

Excellent summary, have to agree. I think it's worth emphasising again the point you've stressed and what they were at pains to point out, that the issues weren't apparent until early January. They subsequently announced at the earliest opportunity.

[6gr] 09/3/2024 09:38

I totally agree with you Lentjes about the share price move and reaction, it's a halving on sales by scared PIs into an illiquid market and a massive over-sale as the medium term prospects are unchanged.

What I disagree on though is about the BoD behaviour. The share sales by BoD were very early in '23 during H1, when they met projections and would have had no idea about problems on deal closing timings in Dec.

Paul Larbey described the problem in the video as 3/2/1. They missed $3m on revenue expected in Dec due to closing the deals so close to the year-end and not being able to recognise income in '23. They 'found' $2m of unexpected one-off costs in the acquisition and lastly they had $1m on an internal loan revaluation.

All three of these were unknown in advance and likely the result and subject of much discussion with their accountant/auditors as to what the correct accounting treatment was. It is unfortunate that these all went the way they did but they probably all arose in Dec and even after Dec when finalising the accounts and they were therefore disclosed fairly quickly after they occurred.

The revenue only missed Singers '23 forecast by 6%, but created a 56% miss on '23 EBITDA due to the small net profits. None of this will any effect on potential for '25 and beyond which is what anyone buying the shares today should be focussed on IMHO.

[jasperlachat] 08/3/2024 12:58

I’ll have 0.5 million please!

[molatovkid] 08/3/2024 12:49

That is called a T trade. Some brokers allow you to buy shares and then settle the purchase (or pay for them) some days into the future. For that privilege, they may charge a fee or you might find the purchase price has an additional premium added to it by the broker.

[vespasianthesubugest] 08/3/2024 11:29

Noob question. How does someone accumulate shares before actually purchasing them? Or have I misunderstood?

[amt] 08/3/2024 10:48

Yes, glad I am not writing to myself but these are exciting times

[jasperlachat] 08/3/2024 10:41

One thing for sure is that Boku will be putting the slide rule over Bango.

[amt] 08/3/2024 10:41

Perhaps the start of the next upswing. If you look at a chart of Bango since 2011 there are at least 4 waves. Each one the share price recovers 3 to 4 fold. I used to play these waves and since I have more than doubled up recently am intending to ride this one but missed the selling opportunity which was not clear this last time around. Bad news came out of nowhere.