Bango Share Discussion Threads

[6gr] 27/4/2024 08:19

Don't forget that the Yen has been falling near continuously over the last 5 years, so whilst the Docomo revenue largely in Yen may be growing, it will be much slower when converted to GBP. GBP/JPY has weakened by 17% in the last 12 months. 167 exactly one year to 197 today.

[amt] 27/4/2024 08:07

My pleasure, hope you enjoyed the bap Lentjes.
I did calculate that the payments business excluding Docommo was growing at a much higher rate than mid single digits assuming Docommo is static at the moment. Also in an earlier Hastings interview Amol mentioned upper single digits growth. Boku is of a similar Size and growing at 20% plus if my memory serves me right. It could be that the boom during Covid is making comparatives difficult to compete with and indigestion from the Docommo acquisition disguises the fact that growth is still quite strong. I think from 2025 onwards once Docomo is all on the Bango platform we might see it pick up again at least in line with market trends even if Bango don't invest much in it. So I think we should see at least 10% growth there.
As with this whole situation we just have to forget 2024 in terms of numbers and hope that 2025 will then give a clear indication of where the business opportunity lies and then we can start projecting into the future.

[6gr] 26/4/2024 14:45

Premiums on a £4bn business will always be small.

[parob] 26/4/2024 10:17

I would hope the directors would only settle for a much higher premium than that.

[jasperlachat] 26/4/2024 09:25

Well they can fuc right off with a 20% premium here!

[parob] 26/4/2024 09:22

Maybe some Dark Trace cash will end up here. Could only be a matter of time should the MCap stay this low.Chart looks on the verge of breaking North.

[amt] 26/4/2024 08:23

Yet another big software company takeover bid this morning, this time Dark Trace

[jasperlachat] 25/4/2024 12:24

Usual 5p spread today. Whoever makes a market in this share doesn’t deserve a licence.

[amt] 24/4/2024 08:30

The selling price has gone from 120p to 124p but not at very high volume. So at least the gap between buying and selling is reducing

[kaos3] 24/4/2024 08:21

usually there is a refill after a while

[parob] 24/4/2024 08:15

Looks like the 127.66p line of stock has been cleared with the offer price moving up now.Looks very close to moving up.

[lentjes] 24/4/2024 06:06

The Bango BoD have previous on failure to communicate new contracts so we can count that one out

[adtraderuae] 23/4/2024 13:36

Next leg up soon in my opinion. Hopefully sellers are done and now shares in firmer hands. Market expectations should be beaten, but only confirmed in next trading update, so only catalysts before then is additional new contracts or continued demand for illiquid Bango shares.

[amt] 23/4/2024 13:33

Selling depends on size of deal, large dummy trades only 1.20

[adtraderuae] 23/4/2024 13:22

I've just added shares today

[parob] 23/4/2024 11:23

I really feel we are very close to starting the next leg up. In fact I'm tempted to average up and have a final top up before it starts moving.

[smithie6] 23/4/2024 11:16

124.95p to sell, in reality, if one does a dummy sell.

[amt] 23/4/2024 10:51

There are some large American investment companies building portfolios. Look at Gresham technology. I hope they don't get a bid because the upside is so enormous.

[parob] 23/4/2024 10:42

Currently 127.75p to buy small amounts. So close to ticking up a few pence. Volume has dropped off completely for now. Apart from Boku, who else could be interested in buying Bango out whilst the MCap is low?

[amt] 23/4/2024 08:08

The difference between buy and sell is over 5%. Its also easier to sell in large quantities than buy. I am no expert on the way the market works but would be interested if anyone has any ideas. It looks like a lack of transactions but with a bias to the upside.

[amt] 23/4/2024 07:30

Absolutely. It's an absolute bargain in my view because it's now got a big safety net in case DVM goes wrong but judging by how the top telecoms companies in US are embracing it that looks unlikely.
Another point about the payments business is that it's very sticky. Once established it can't be changed easily to another provider. Certainly the margins are very small, about .4 of one percent so nobody would switch to save money. We have witnessed that with all the problems transferring the Docomo business which are now thankfully 90% resolved. That was initiated by Docomo because it was loss making. There may be future opportunities to grow the payments business once they have firmly established DVM in 2 or 3 years. There are still many telecom companies running their own payments business and its better for them to outsource. I see Boku as a beneficiary.

[lentjes] 23/4/2024 07:13

So with little / minimal investment planned for the payments business yet still expecting growth they just need to get the DVM business to break even and you have a 300m$ plus company as a minimum

[amt] 23/4/2024 06:55

I very much doubt if they will offload the payments business. Its a cash cow and growing with little investment required in the future. It gives them access to many telecoms companies and customers. They need the telecom companies in order to grow the DVM business. There may be other opportunities in the future. DVM came to the fore in the last couple of years from nowhere. Who knows what the future holds.
I doubt they would get the true value by selling it off. If it generates say 30m in cash per annum after costs then to Bango its worth at least 300m usd. I doubt they would get that much. Although Boku is valued at about 650m for a similar size payments business. The difference is that Boku are committed to growing the payments business and mobile wallets etc and doing very well. I do believe that Bango see DVM as such a huge opportunity they are throwing everything into it.
They have split the reporting so we can see the exponential growth in DVM.
So we could probably say that the payments business is conservatively worth 300m but difficult to value DVM until we see the growth trend established but potentially much higher than the payments business.