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BGO Bango Plc

104.50
-2.50 (-2.34%)
12 Nov 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 Shares Traded Last Trade
  -2.50 -2.34% 104.50 80,904 11:29:19
Bid Price Offer Price High Price Low Price Open Price
102.00 107.00 107.50 104.50 107.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication USD 46.1M USD -8.83M USD -0.1149 -9.09 82.21M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:43:17 O 1 105.75 GBX

Bango (BGO) Latest News

Bango News

Date Time Source Headline
04/11/202407:00UK RNSBango PLC Director/PDMR Shareholding
01/11/202408:23UK RNSBango PLC Total Voting Rights
23/10/202406:00UK RNSBango PLC Holding(s) in Company
22/10/202406:00UK RNSBango PLC Director/PDMR Shareholding
09/10/202406:00UK RNSBango PLC Director/PDMR Shareholding
08/10/202415:12UK RNSBango PLC Director/PDMR Shareholding
01/10/202406:00UK RNSBango PLC Total Voting Rights
30/9/202413:16ALNCNewsEARNINGS: Tasty swings to profit; Venture Life pretax loss widens
30/9/202406:00UK RNSBango PLC Half-year Report
12/9/202413:27UK RNSBango PLC Directorate Change

Bango (BGO) Discussions and Chat

Bango Forums and Chat

Date Time Title Posts
11/11/202408:03Bango - Signs company maker deal with Facebook10,081
27/10/202201:23Bango Plc helping businesses make more money26
12/2/202107:43more BANGO for your buck691
22/7/201907:39Bango-Mobile content services- will it go with a bang?733
31/7/201707:42Taking breather1

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Bango (BGO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:43:18105.7511.06O
15:00:36105.75205216.79O
13:56:35105.751,5001,586.25O
12:29:28106.803,7453,999.66O
12:10:25108.0015,00016,200.00O

Bango (BGO) Top Chat Posts

Top Posts
Posted at 12/11/2024 08:20 by Bango Daily Update
Bango Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker BGO. The last closing price for Bango was 107p.
Bango currently has 76,827,193 shares in issue. The market capitalisation of Bango is £80,284,417.
Bango has a price to earnings ratio (PE ratio) of -9.09.
This morning BGO shares opened at 107.50p
Posted at 02/11/2024 07:04 by amt
I notice the Boku share price is rising on the back of share buy backs. They are where Bango should be later next year when they should also be in a position to start buying their own shares.
We just have to wait patiently for Liontrust to sell out.
Posted at 09/10/2024 03:48 by lentjes
amt, I have said it for years it’s not in the interest of the BoD to let the share price run away with itself, it also helps with staff recruitment/ retention via the staff share option scheme which the Bango BoD have said on many occasions

I think all within the company BoD and staff as well as long term II’s are aware of the positive progress and can see the opportunity of share price increasing going forward

I’m convinced the Bango BoD deliberately suppress the share price by their poor communications so they can continue to award themselves chunks of stock at a low ball SP

Then on a 3-4 year cycle the Bango rollercoaster kicks in and the Bango IR department go in to overdrive and start releasing positive news flow and the share price reacts and at at a point in time it’s time to cash in and take the money or in the early days this strategy was used to raise cash, this last happened in 2022 and resulted in Raymondo and Anil taking large profits in 2023 and probably most of the staff and II,s also top slicing thus they are happy to stay supporting the company as long term investors

Then the positive news flow taps are turned off and silence whilst the share price drifts back down but behind the scenes all is well. Also as it looks more and more likely Bango do not need to raise cash the share price is irrelevant

For me investors in Bango have 2 options, first is to play the Bango rollercoaster and try to top slice on highs and re invest on the lows which I have done to some degree or the second option is to wait until the BoD have decided on their exit strategy and turn on the positive news flow and let the share price fly ahead of a take out, for this though they need to demonstrate high margin cash flow, Raymondo has said on multiple times with the share price double what it is today he will not let the company go for a low ball offer

My view option 2 is approaching in the next 2-3 years with the share price @ multiples of todays price
Posted at 08/10/2024 07:27 by amt
No,wrong,
Their job is to build a great company and since they don't need cash, the share price will eventually reflect the value of the company.
It's a big mistake to try to get obsessed with the share price.
We know they think the share price was too low when it was over 2 quid and even more so now.
They need to concentrate on the business not the share price.
They have given us a huge amount of information about the future.
It couldn't be easier to come up with your own estimates for 2025 and 2026.
As Paul said its simple maths.
There are very few companies where its so easy.
We know the likely annualised turnover.
We know the growth in DVM
We know the Gross margin
We know the overheads
Very simple
Paul has stated that DVM turnover could well reach 100m in the medium term.
Do your own calculations!!
Posted at 07/10/2024 19:48 by smallwheel
Totally disagree that the share price is irrelevant
At this price the company could make a statement of the sort that their revenue will be x for 25, y for 26 etc. for heavensake they need to show some confidence. By saying nothing they are allowing the market to believe that the share price is justified
Wosg did this a few months ago so it isn't unprecedented
Posted at 07/10/2024 18:36 by amt
I am sure if the share price was flying You wouldn't be so negative rmillaree,making statements that all Bango does is produce hot air.
I like to base my comments on how I think the company is doing, the share price is irrelevant. In my view they are doing very well and have an exciting future.
Posted at 30/9/2024 21:25 by amt
rmillaree did you listen to the presentation and Q&A. They answered all the questions I put to them satisfactorily.
On reflection I think margins on Domocco are not as high as I would have expected but that won't become relevant a year from now due to substantial growth in DVM.
I put numbers through my spreadsheet assuming growth of 5% in Transaction business and initial growth of 50% in DVM dropping back to 20% in 3 years time. I get profits before tax of 72m by 2030. On a pe of 12 the share price could be 10 quid by then.
Although for this year I can see how they get to Turnover and Ebitda expectations, I suspect they will be pushed to make a net profit, so may fall short. Anyway might be completely wrong
After listening to todays talk and the revival of audiences and utilising the wealth of data they have available, I have never been more excited about the future. We will just have to be patient with the share price for another 9 months or so.
Posted at 14/8/2024 05:11 by amt
I suppose historicaĺy Bango has had periods when the price has fallen a lot and it turned out the market got it wrong. In earlier years I was more cautious and bought in low and sold high making some big returns. The reason why I was cautious in earlier days was that turnover was tiny and forecasting the future depending on taking management's word that they had found a big opportunity with carrier billing. I recall turnover was doubling every year but from a very low base. They also needed cash to build the business. It was a high risk investment.
A bit ironic that now they have built a global carrier billing business with EUS of probably 10 billion and turnover well over 30m usd per annum with over 90% Margins the share price and market cap is lower than it was when turnover was a couple of million.
The Digital vending machine seems to be in the price for free and yet this is where management see a much bigger opportunity than in carrier billing which has now become a cash cow generating 30m usd per annum growing at nearly 10% per annum with little further investment required.
I would have thought the carrier billing business should be worth 300m on its own or three times current share price.
All very bizarre and in the current cycle I have lost money on paper because I was so confident that I didn't sell any at the peak this time.
Anyway only have to wait another year to find out if Digital Vending machine is going to be huge as hoped for.
Posted at 16/7/2024 07:33 by 888icb
ST article conclusion:
Second-half weighting to forecasts
True, there is a hefty second-half bias to forecasts given that Bango’s first-half cash profit of $4mn accounts for less than a quarter of Singer Capital Markets' full-year estimate of $16.8mn, up from $6.4mn in the 2023 financial year. Analyst estimates are based on 16 per cent higher full-year revenue of $53.5mn and factor in a second-half gross margin of 93 per cent, up from around 85 per cent in the first half. That’s a sensible prediction in my view given there is an element of fixed costs within cost of goods sold, so incremental revenue generates a high and rising gross margin for Bango.

The group is also realising cost savings by consolidating its operating platforms following the acquisition of the loss-making global payments business of NTT Docomo, a Japanese mobile network operator with 85mn subscribers. Having signed a long-term platform deal to provide payment services in Japan for the world’s largest merchants, Bango has been taking costs out of the business to transform its profitability.

That said, the second-half weighting means that investors are taking a cautious stance, hence why Bango’s enterprise valuation to 12-month forward cash profit multiple of 8.7 times is almost half that of its peer group (Boku (BKU:178p), Fonix Mobile (FNX:243p) and Eagle Eye Solutions (EYE:473p). However, assuming the board delivers on Singer’s estimates, the ongoing re-rating has further to run to narrow the ratings gap with peers.

So, having seen Bango’s share price rally 16 per cent since I upgraded my view to buy when I covered the annual results (‘Why Bango’s share price is set to recover strongly’, 8 April 2024), I see potential for material upside to Singer’s target price of 220p. Buy.
Posted at 09/4/2024 05:54 by amt
Bango is a classic case of the share price not being valued correctly on a longterm basis. In effect what has happened is they announce an acquisition worth 16m per annum of revenue at 90% margin longterm with virtually no overhead required longterm.
In the first couple of years it will cost 35m to restructure and GM will be about 80% because of the platform they are using.
Therefore expect bad numbers for a couple of years.
initially the share price goes up a bit but when the bad numbers come through are worse by about 10m than expected the share price halves and knocks 100m usd of the market cap.
Now nearly two years after the acquisition the turnover and GM from the acquisition are confirmed by the numbers and the cost savings are confirmed but it's too early to see it in the numbers the market starts to believe in what the management announced two years ago and the share price starts to recover.
It's very difficult for Companies to make longterm strategies in the UK because of a very poor investment environment. Investors want instant results.
I think the acquisition should have added 100m plus to the market cap originally and Paul hinted at that yesterday. The payments business alone is generating 32m usd of revenue at 90 to 95% margin from 2025 and very little cost required to support it. Its almost like a royalty of 30m usd growing at 5% per annum. That alone is worth a lot more than the existing market cap in my opinion. DVM is in for free.
Posted at 20/1/2024 04:12 by amt
When the share price was hovering around 2 quid I assumed that the market was not confident in achieving the numbers and that explained why the shares were so cheap. So the huge collapse in share price is like a double hit to me. So given that this set back has been caused by unforseen costs from the acquisition and a revenue recognition issue the share price reaction is absurd. Anyway I will buy even more next week.
I remember Celebrus had a big setback a few months ago and the share price went down quite a lot. Unfortunately I sold. A few months later the share price is up 50%. I wouldn't be surprised to see the same here after the interim trading update in July.
Bango share price data is direct from the London Stock Exchange

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