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BGO Bango Plc

133.50
0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bango Plc LSE:BGO London Ordinary Share GB00B0BRN552 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 133.50 130.00 137.00 133.50 133.50 133.50 50,667 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 46.1M -8.83M -0.1150 -11.61 102.49M
Bango Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker BGO. The last closing price for Bango was 133.50p. Over the last year, Bango shares have traded in a share price range of 95.60p to 210.00p.

Bango currently has 76,774,700 shares in issue. The market capitalisation of Bango is £102.49 million. Bango has a price to earnings ratio (PE ratio) of -11.61.

Bango Share Discussion Threads

Showing 11226 to 11248 of 11425 messages
Chat Pages: 457  456  455  454  453  452  451  450  449  448  447  446  Older
DateSubjectAuthorDiscuss
12/4/2024
11:59
SP looking like a coiled spring, once everybody has re established their holding and hoovered up any spare stock we should have lift off, maybe a couple of weeks at best to get back in at a reasonable level
lentjes
12/4/2024
09:16
Breaking 117p and out of the trading range was key imo. Hopefully see a steady recovery to a more sensible market cap now.
parob
12/4/2024
00:39
For me it’s clear that the stock volume that’s is being hoovered up since the results on Monday is the same stock buy back tacking place following the tax loss off loading on the run up to the tax year end, I would think the share price will be held around this level for another couple of weeks until the re purchasing of the dumped stock is complete ( and PI’s loaded up their ISA’s ) following which the the share price will drift back up to the 160-180 range on the run up to H1 TU in July where providing everything is on track (hopefully ahead of the conservative forecasts) we should see a further re rate back above £2 on the run up to the TU in Jan 2025
lentjes
11/4/2024
15:46
Yes ISA, probably correct.
amt
11/4/2024
14:34
That’s his ISA allowance done for the year.
jasperlachat
11/4/2024
13:50
Yes not a massive purchase but as with Raymondo’s top up in January it’s all about sending out positive signals and just as important there is nothing going on in the background

Maybe the CFO will be next to dip his toe in the water or should we say pot of gold

lentjes
11/4/2024
12:06
Not a huge amount but better than nothing:Cambridge, UK, 11 April 2024 - Bango (AIM: BGO), has been notified that on 11 April 2024, Paul Larbey, CEO of Bango, purchased 16,472 Ordinary Shares at a price of 121.499 pence per share.
parob
11/4/2024
07:07
More large Share options with 1.16 exercise price.
Ironic that in some ways that it's in the interest of Directors not to worry about a low share price in the short run providing they don't need to raise funds.

amt
11/4/2024
06:55
One other thing that has caught my eye is that without Doccomo transactional revenue grew from
13m to 16m per annum or 23% so not too bad and still life in DCB. That fits in more with market trends.
Perhaps once the Docommo has been fully transferred that will grow a but more strongly.
So instead of assuming 5% growth perhaps 10% is more realistic.

amt
11/4/2024
05:12
So my summary for 2025 looks like this.
Sales 65
GM 62 (at 95% margin)
Admin 37m
Net profit 25m USD

It still seems odd to me that admin costs have gone up so much 19m in 2021, 30m in 2022, 45m in 2023 even taking into account increased amortisation and Exceptional costs. That's why 37M still seems high. Anyway surely 37m is a worst case.
Much of the increase must be from the Docommo acquisition so bearing in mind the turnover there is being transferred to the Bango platform one would have thought the increase in overhead would be relatively small. It will all become clear in 2025 I guess when all the savings have come through.

amt
11/4/2024
04:47
Smithie
The formatting of these boxes makes it very difficult to show the numbers so here are the critical numbers in millions of USD

Other expenses 11 in 2023
and 3.083 in 2022
& Exceptional items 3.857 in 2023
and 10.960 in 2022

The point I am making is these costs should not reoccur from 2025 onwards at the same level. So admin costs should fall by about 8m from 45m to about 37m from 2025 onwards. Other costs were about 6m per annum before the acquisition so I think its fair to state they will fall by 5m from 11m back to 6m.
I think the market is missing a trick by looking at 2024 which is still messy due to ongoing acquisition costs. Paul made clear that the restructuring and move to the Bango platform would be complete by the end of 2024 and there wouldn't be any further ongoing costs related to it.
I have taken into account the comments made that I was being too optimistic in thinking admin costs would fall to 30m although to be fair I did originally have a 7m contingency. So am sticking with my 25m net profit forecast.

amt
10/4/2024
20:12
(amt

.I give up trying to understand what the point was of posting 2 columns of financial numbers

...with no calculations

Lost interest in trying to see what point was being made ....but imo poorly communicated)

smithie6
10/4/2024
17:29
Smith the earlier discussion was about how the admin costs will pan out in the future. You will see the breakdown of admin costs and how it includes exceptional costs and other costs which should not reoccur in 2025 thus reducing admin by about 14 million and getting to about 30m which I think is a reasonable assumption for admin costs from 2025 onwards.
Very difficult to format, gaps dissappear but if you can't read the numbers you will find the detail in note 6 in the Finacial Report.
30m is still 10m higher than before the acquisition so perhaps still room to cut further if necessary but they may want to have that level of overhead to drive the business forward bearing in mind that DCB shouldn't need much overhead to keep it chugging along.

amt
10/4/2024
15:22
Sorry its difficult to format these little boxes so messy but numbers on left 2023 and on right 2022
amt
10/4/2024
15:04
But

In your list there is no data entry for "other" !!!

----

You have given data for 1 year versus the previous year.

All I see is lots of numbers.

What point are you making with the lists of data ??

smithie6
10/4/2024
14:44
In answer to questions about admin expenses, here is a summary in millions usd
Expenses by nature 2023 : 2022
Employee expense 16,704 : 14,265
Depreciation expense 1,052 : 760
Amortization expense 8,085 : 5,201
Outsourcing expenses 7,868 : 6,277
Other expenses 11,000 : 3,083
Exceptional items 3,857 : 10,960
Negative goodwill (3,799): (10,203)
Total admin costs 44,767 : 30,343

Other should virtually disappear as should exceptional. Hence my thoughts about assuming 30 million going forward. Although negative goodwill might go out and amortisation increase.
In any event around 30k should be achievable going forward

amt
10/4/2024
11:18
Simon Thompson's write up in the IC will be hitting doormats Friday.
stentorian
10/4/2024
10:32
If we do have institutions buying following the results then the recovery should gather pace.
parob
10/4/2024
10:23
Want the spread to tighten..
tsmith2
10/4/2024
10:22
Want to spread to tighten.
tsmith2
10/4/2024
10:19
Hopefully institutional buying.
parob
10/4/2024
10:16
sorry v meaty buys at 120p
tsmith2
10/4/2024
10:10
amt

"Admin costs have gone from 20m to 44m since the acquisition. I would expect these to drop down to below 30m in 2025."

imho this sounds very optimistic viewpoint if those costs are not being replaced with other overheads - so optimistic i wont believe it till i have evidence there is broker note confirming 2025 will be "different level of profitability".

The reality is at present and for the next 12 months costs aints going down.

Note there was meant to be that kind of step change coming into 2024 - so i do get the logic here in "hoping" for an improvement . However i would expect if company was expecting $14 mil lfl improvement in that regard next year ON TOP OF other improvements like increasing turnover then i would expect they would have broker note cofnirming that expectation NOW - if they dont have broker note they really arent getting the message out or i would say its an assumtption being made that the company is noit themselves publicly stating. As mentioned previously so often cost saving here is eaten up with other stuff there 18-24 months down the line

rmillaree
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