Bango Share Discussion Threads

[rizzle] 27/6/2024 18:15

Interview with Paul Larbey on Proactive on the Uber partnership:



Towards the end he states that they will do the usual trading update in July. Also refers to other exciting deals that they can't disclose. Sounds positive

[rmillaree] 27/6/2024 18:04

"Always better to under promise and.over deliver"

i think it will be happy days if that is the case - i have zero confidence personally but if there ever was a clean slate for them to try from scratch and "do it right" this time - now is the time.

I was speaking to someone who knows about the role of "Chair of the Audit Committee" at tehn weekend and they did say they really should be ensuring processes like the "issues" that are being discussed should be top notch. imho anyone coming in at that level should hit the ground running - albeit as brand new appointment shareholders should perhaps make a point of saying why havent we had this that or the other so there is no doubt they know the score as it should if internally things are still sub par - if things are below standard we cant expect processes to change for the better overnight but wouldnt be great if they turn up and then obvious formal deadlines are mised ref anything. Thats presuming what i was told is correct - perhaps all acountants pass he buck when stuff is sub standard !

[amt] 27/6/2024 17:39

Always better to under promise and.over deliver.
Remember Amol let slip he thought upper single digits.
Currency headwinds in Japan didn't help.
Boku about 20% recently.
Covid comparatives don't help.
I reckon between 10% and 15% is realistic

[lentjes] 27/6/2024 17:05

When you read articles as per link below on the expected growth of DCB you question why the Bango BoD only anticipates mid single digit growth in the payments business, albeit on an already significant EUS

[amt] 27/6/2024 07:25

Lentjes If you have concerns then why not send them an email.

[lentjes] 27/6/2024 06:48

amt, thanks for your words but if correct then we are back to poor communication from the BoD which can in itself spook the market and investors, if that’s what they have decided then they could have said this months ago and even put this in the full year results in April as a lessons learned and it would not have been an issue today, communication communication communication, fail on this and you will suffer

[amt] 27/6/2024 06:27

Many AIM companies don't timetable trading updates. They provide them when considered appropriate ie when expectations change. In those cases it's not possible to timetable them.
Therefore since no trading update has been given so far its reasonable to assume that things are progressing as expected.
They may want to skip the trading updates which in the past have been effectively an early release of the results simply because they don't want to be put in a position where they release information before an audit. Revenue recognition was a problem last time. This is a complicated area and auditors may take a different view so making an announcement and then having to adjust it up or down after audit would not look good after what happened last time.
I expect they are being cautious.

[lentjes] 27/6/2024 06:18

For me whatever the outcome this is worrying, obviously if the BoD have taken the decision they are skipping the TU this raises concerns as to why and the company urgently needs to issue a statement to the market and investors, however if it is an oversight then for me this just raises further concerns with internal governance procedures that somebody has access and is able to update the company web page with incorrect price sensitive information, internal procedures should be in place for this to be never possible and heads need to roll if this proves to be the case

[hastings] 26/6/2024 19:59

Hi, just seen the posts, I'll try and get to the bottom of it tomorrow. Suspect it's an oversight.

[amt] 26/6/2024 19:44

Oh I see, thanks for info Lentjes.
Perhaps they read this board.

[lentjes] 26/6/2024 19:30

Agree amt but TU’s have previously been listed on the financial calendar as next event but no TU included

As I say hope it’s just an oversight, maybe Hastings can get it cleared up with Anil

[amt] 26/6/2024 19:25

They haven't skipped a trading update. Its normally late July or early August

[lentjes] 26/6/2024 18:42

Could be just a oversight, if so they need to correct asap

[vespasianthesubguest] 26/6/2024 18:03

"they are skipping the H1 TU" - you're right. This does not look good. Even if the news is negative it should not result in them avoiding the TU.

Are they hoping to wait for a contract to sign or something that will fall after the TU but before the H1 results maybe?

Still, it's a deviation from BAU. I don't like it.

[amt] 26/6/2024 17:39

Certainly seems to be Verizon that has committed and pushing DVM. I wonder what the status is with the other two major US telecom companies.

[weblinkman] 26/6/2024 17:11

Verizon DVM deal expanding:
[...]

[parob] 26/6/2024 07:13

More coverage of the Uber news, including some quotes from Bango's Vice President of Marketing made earlier this year.hTTps://thedesk.net/news/bango-uber-partnership/Bango integrates Uber One into Digital Vending MachineJune 25, 2024

[amt] 25/6/2024 20:41

Yes it's all on the Bango website and most encouraging couple of news items this year.

[lentjes] 25/6/2024 19:18

Bango investor web page states the 2024 H1 results in September will be the next event on the financial calendar which would suggest they are skipping the H1 TU, that will not go down well with the market if correct, let’s hope it’s an oversight

[weblinkman] 25/6/2024 16:54

Possible reason why no UK RNS:
"London AIM investors no longer interested in growth opportunities / market dynamics / strategic wins. More interested in stability and predictability so when people die they can save the 40% death tax. AIM is same as 5 years ago while NASDAQ gained 160%" says US investor.

[parob] 25/6/2024 14:42

Uber news on yahoo finance too:hTTps://uk.finance.yahoo.com/news/uber-joins-digital-vending-machine-130000133.html

[parob] 25/6/2024 14:35

Great find. Shame they didn't RNS this:Uber joins the Digital Vending Machine® from Bango to drive membership growth through Super Bundling"Expanding the reach of our Uber One subscription service through indirect channels is an important way for us to increase uptake. We're thrilled to partner with Bango to leverage the Digital Vending Machine® to open up telco channels swiftly and efficiently. We look forward to using this partnership to reach new audiences and grow our membership base."Danielle Sheridan, Head of Global Membership at Uber