Bango Share Discussion Threads

[lentjes] 13/6/2024 19:51

Let’s not forget the 2 founders sold large chunks of their holding during 2023 based on the the forecast profits for in my opinion various fictitious reasons, for instance what were those institutional demands that resulted in RA selling £1.5m of his share holding in Feb 2023, also if Anil was confident in the forecast profits why sell stock to pay off the X, why not keep the stock and take a short term loan and let the stock ride for further profit, I have always stated that the founders selling their stock when they did in 2023 especially the last chunk by Anil in November was a little fishy smelling

That said I still think the company and the share price has huge potential

[rmillaree] 13/6/2024 10:34

as it's explained properly.
agreed explanations allows one to judge and make a decision


when the the brokers in january took the hatchet to the current year numbers to remove the vast majority of the profits that were previously flagged up for this year - what if any comments did the company provide to the market that day to explain the situation as to why the expected profits were mostly gone all of a sudden????

thats on top of the fact that that same update advised after year end that targets had been missed for year finished.

[6gr] 13/6/2024 10:25

The January debacle is behind us now and I'm sure the lessons have been learned, what matters next is the H1 Trading Update due in a months time.

I'm in for 5 years+, so am not bothered by short-term movements, but I'd like to see the share price go back above my average entry point.

[amt] 13/6/2024 09:58

Not much of an issue with missing forecasts on rare occasions as long as it's explained properly.

[rmillaree] 13/6/2024 09:50

While some might criticize the leadership for overpromising and underdelivering, it's crucial to recognize that ambitious targets are part of driving forward a growth agenda. High aspirations push the company to innovate and stretch its capabilities. The key here is transparent communication from the CEO and CFO about the challenges and the rationale behind any missed targets. As long as the reasons are clear and growth milestones are being achieved, we should view these targets as motivational tools rather than rigid benchmarks.


its all about organisation - if we say this year we will do 50 mill incoem and have 40 mill expenses and it turns out you have 50 mill income and 50 mill expenses - thats juts pooor management end of. Whether business is growing or not that is the case.


Yes they had a get out with large acquisition that will have many knows - no biggie that things change and there are exttra costs - but you need to know whats going on ref those costs and not bury your head in the send and promise the market you have started making meaningful profits when you aint.

From last summer onwards they should have had very clear detailed handle on their costs.

It was them who over promised - no one aksed them to do that. There was zero need to over promise and under deliver. Its pretty easy runing fast growing commpany to be grounded in reality and advise acordingly.


In summary if you arent making material profits and wont do any time soon dont go and tell the market you are and will be end of - thats pretty simple. The reason its important is its much easier to grow when you are selling everything aty cost price and making no profit - not so much when you need to make margins to deliver bottom line profit.

Hey ho thats in the past - will be interesting to see if the future is different.

[thoughtsfromgpt] 13/6/2024 09:27

I understand the concerns about the company missing its numbers, but I believe we need to consider the bigger picture here. A fast-growing business often prioritizes growth over predictability, and this approach has its own set of merits and strategic advantages.

First, it's important to acknowledge that a company focused on rapid growth will naturally take on more risks and face greater variability in its financial results. This is not necessarily a sign of poor management but rather a deliberate strategy to seize new market opportunities and expand aggressively. We should be more tolerant of occasional deviations from forecasts if they are the result of bold moves aimed at long-term gains.

While some might criticize the leadership for overpromising and underdelivering, it's crucial to recognize that ambitious targets are part of driving forward a growth agenda. High aspirations push the company to innovate and stretch its capabilities. The key here is transparent communication from the CEO and CFO about the challenges and the rationale behind any missed targets. As long as the reasons are clear and growth milestones are being achieved, we should view these targets as motivational tools rather than rigid benchmarks.

Effective cost management remains vital, but in the context of fast growth, it's understandable that expenses may fluctuate as the company invests in new projects, hires talent, and scales operations. These investments are essential for capturing market share and building a robust business foundation for the future. Short-term financial predictability can sometimes be sacrificed for these strategic gains, and that's a trade-off worth making.

Regarding the board and cultural change, we need to appreciate the dynamic nature of a growth-focused culture. Adaptability, innovation, and the willingness to seize market opportunities are crucial traits for a company in expansion mode. It's not just about having proper procedures but also fostering a mindset that embraces change and drives towards ambitious goals.

Finally, proof of performance should be looked at through a broader lens. While meeting financial forecasts is important, we should also consider other indicators of success, such as market share growth, customer acquisition rates, and strategic partnerships. These metrics provide a more comprehensive view of the company's progress and potential.

In conclusion, supporting the management's push for growth means understanding and accepting that there will be occasional deviations from analyst forecasts. What matters most is that the company is moving in the right direction, capturing new opportunities, and building a solid foundation for sustainable long-term success. Let's focus on the overall trajectory and the strategic decisions driving this growth, rather than getting bogged down by short-term fluctuations.
G.

[rmillaree] 13/6/2024 08:50

agreed 6gr - they need to deliver proof of the puding in that regard thogh - ultimatley the ceo and cfo both need to be grounded in reality and have proper procedures in place too want to deliver solid accurate "forecasts" - one bod wont be able to afect meaningful change if there is not the will and the want from others - in that regard the main player(s) here imho have always over promised and under delivered when it comes to what they say they will do at the start of the year - for a company growing at a decent lick i would expect the opposite - know your cost base get that right and build from there.

[6gr] 13/6/2024 08:28

Given the year-end issues around accounting for BGO, it would seem a good move to add an Auditor/Accountant to the Board to bolster credibility on that front and ensure these type of errors don't happen again.

[weblinkman] 13/6/2024 08:00

POwerful addition to Board & Audit Committee

[parob] 13/6/2024 07:59

Tony, a Chartered Accountant, is currently the Senior Independent Non-Executive Director and Chair of the Audit Committee at Yu Group PLC, an AIM-listed B2B energy provider. Let's hope our share price growth can mirror theirs over the coming years!

[parob] 13/6/2024 07:39

Good appointment today. Commenting on his appointment, Tony Perkins said:"I am thrilled to be joining the Board of Bango, an exceptional growth company serving a high value, global market opportunity, backed-up by an outstanding team and strong culture. Bango has developed powerful technology for its Digital Vending Machine®, which has been quickly adopted by global merchants and leading telcos. Bango has taken a market leading position in subscriptions bundling, which I see as a fundamental structural feature in the subscriptions market, and I am excited about contributing to this unique growth story".

[hastings] 12/6/2024 11:32

Interesting part from the in depth - European subscriber survey, related to super bundling.The benefits for subscription service providers are loud and clear. Not only would almost half (46%) of subscribers spend more time engaging with their subscriptions - increasing the opportunity for cross and up-selling by providers - 40% would also sign up for more services if an all-in-one subscription platform was available.The risks of ignoring the call for a content hub? Cancellation. More than half (59%)of respondents feel they would better manage their household expenses if all their subscription services were in one place, rising to 65% in Spain.A crucial feature of any content hub would be simplified financial management. What subscribers especially want is not more content or interactive features, but simplicity, flexibility, and affordability around payments

[lentjes] 11/6/2024 11:46

Chunky trades going through @ share price £1.33

[amt] 11/6/2024 08:46

Very good Lentjes.
Other options are available

[lentjes] 11/6/2024 07:32

I read with some scepticism the recent Bango blog regarding the banking sector leveraging on their relationships with customers to maximise their offerings including the bundling of subscription services in a similar way to the MNO’s, I know banks have always bundled financial / insurance products linked to accounts but thought getting involved in the wider subscription market including entertainment and general merchandise would be out of their comfort zone especially as banks don’t like change and are normally slow to adapt, however, to my surprise it looks like this is not that far off the mark and is already underway, not saying Bango are involved and not comparable to the Bango DVM offering but it’s a start and shows willingness

[lentjes] 08/6/2024 07:45

If you take the increase in ARR since H1 2023 as a monthly income you could be looking at an additional $2m and then add 40% of the 5% forecast increase on the payments business you could be looking at H1 revenue of US$ 22-23m, hopefully the cash burn has slowed significantly and Larbey did hint at further synergy savings had been identified

If the DVM license fees are paid annually and they book them as received this could skew the half year revenue reporting

[lentjes] 07/6/2024 17:34

So it’s the increased profitability on the revenue we are looking at not the growth in revenue which analysts are forecasting around15% YoY,

[amt] 07/6/2024 17:04

18m£ or 22m USD would be OK for H1

[lentjes] 07/6/2024 16:28

H1 2023 revenue $ 20.3m

[amt] 07/6/2024 15:12

Weighted second half so 18m would be fine

[lentjes] 07/6/2024 14:34

So what are we expecting for the H1 results, 40 - 60 would give revenue $ 21.4m, cash in bank will also be key

[weblinkman] 06/6/2024 17:26

Revenue Growth Tabulated from Annual Reports:
mean Revenue/M Growth
EBITDA GBP/USD Year GBP USD YoY
$-4.0 $1.32 2016 £2.60 $3.43
$-2.1 $1.31 2017 £4.15 $5.44 58%
$-1.0 $1.30 2018 £6.62 $8.61 58% £5M raise Jan 2018 @180p
$-0.5 $1.27 2019 £9.31 $11.82 37%
$6.0 $1.25 2020 £12.20 $15.25 29%
$6.2 $1.38 2021 £15.00 $20.70 36%
$5.0 $1.20 2022 £23.75 $28.50 38%
$6.4 $1.24 2023 £37.18 $46.10 62% [40% 5yr CAGR Ro40]
Analyst Estimates:
$16.8 $1.25 2024 £42.80 $53.50 16%

E&OE - Refer to source before relying on specific data.

[parob] 04/6/2024 14:05

The way the chart is shaping up we may see the recovery accelerate from here.