Bango Share Discussion Threads

[amt] 14/4/2024 11:25

Yes without Doccomo transactional revenue grew from
13m to 16m per annum or 23%.

[amt] 12/4/2024 19:22

Yes and Japan in particular.
I get the impression they are extremely excited about it but reign themselves in after what happened. Clearly they have decided to put all their focus on it and took their eye of the Docommo acquisition.

[lentjes] 12/4/2024 16:05

Whilst the DVM opportunity has been focused on the US I would suspect that the APAC region where Bango have just as big or if not bigger foothold as they do in the US could be an even bigger DVM market

[amt] 12/4/2024 14:12

Yes looks like we will look back on this as a great opportunity. I doubled up at around a quid and will be back in profit at this rate and then could make a lot if things pan out as I expect in 2025.

[parob] 12/4/2024 12:06

Yep I really like the look of the chart. The sellers were shaken out in that trading range the share price was stuck in for about 10 weeks.There seems to be more money sloshing around AIM over the past few weeks and quite a few shares I entered fairly recently are doing well (FDEV and ZOO are two examples) so some profits will be heading this way I reckon.Currently you can sell above the mid price so the mm's should move the price up.

[lentjes] 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

[parob] 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.

[lentjes] 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

[amt] 11/4/2024 15:46

Yes ISA, probably correct.

[jasperlachat] 11/4/2024 14:34

That’s his ISA allowance done for the year.

[lentjes] 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

[parob] 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.

[amt] 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.

[smithie6] 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)

[amt] 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

[smithie6] 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 ??

[amt] 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

[stentorian] 10/4/2024 11:18

Simon Thompson's write up in the IC will be hitting doormats Friday.