Bango Share Discussion Threads

[chimers] 04/10/2017 20:21

Of course it will get bought out long long before it hits such levels but it WILL be bought out for several BILLION.

[chimers] 04/10/2017 13:03

Dear @@@@@@@@,

I confirm that the majority of the ‘Prepayment and Accrued Income’ figures is accrued income.

Bango revenue is the fee charged for each transaction. Bango does not report on the income statement whether Bango is principal or agent in transactions. Some customers prefer Bango to operate as principal – meaning that the cash flows from the operator to Bango and then to the Merchant. Some of the funds within accrued income relate to sums due to arrive from operators, (the EUS with operator fees deducted) with a corresponding growth shown in an increase in payables (sums due to go out merchants or app stores).

As the total EUS is growing rapidly, and the timing of cash coming in from mobile operators around the world varies and they work in different time zones, these amounts can vary significantly at the end of any particular month.

Bango only shows the Bango fee as Revenue.

The Bango system and associated contracts ensure that no sums are paid out to merchants until the funds have cleared from operators. This is referred to as “the golden rule” and ensures that Bango does not have a risk of paying out before cash arrives in.

Bango appreciates investors might use calculations such as debtor days to assess the likely recoverability of debtors. The negligible bad debt costs in the last few years (£4k in 2016 and £22k in 2015) will reassure you of the recoverability of Bango debtors.

Kind regards

Rachel

[simonsaid1] 04/10/2017 11:25

Just bought the dip. This is the share that keeps on giving!

[muffster] 04/10/2017 11:20

Your welcome Simon, just re read my post should read lots, not lost

[nimbo1] 04/10/2017 11:00

this is the dip imo.

[simonsaid1] 04/10/2017 10:48

Thanks mate, great research. Lot of reading to do for me!

[muffster] 04/10/2017 10:39

Lost of discussion blogs as well

[scooper72] 04/10/2017 10:14

Just doubled my position to £8k was waiting for a dip, but perhaps there won't be one...

[muffster] 04/10/2017 09:23

No probs lent, just bear in mind that PSD2 was implemented to help payment innovation. You can't find a more innovative company than Bango.

[chimers] 03/10/2017 23:34

Buyout.
They have no choice.
They Buy BANGO
Or they get buried by BANGO.

[muffster] 03/10/2017 23:24

Bango spoke about that.. They see is a a way to grab bank payment systems as it will be costly for banks to implement... Bango ahead of the banks and attracting more business.PSD2 is not just another compliance-heavy directive that will require back office and IT implementation. It is a catalyst for disruption of the payments ecosystem by technologically-advanced and consumer-friendly service providers, and its scope is broader than ever. This is the moment for banks, card schemes and institutional players to take notice, before they get swept aside,See mondato blog

[lentjes] 03/10/2017 20:57

Just came across this article regarding PSD2 (Payment Service Directive 2) which comes into force next year in the EU. Looks like it was discussed at last weeks annual Global Carrier Billing Summit in London.

Good news is that PSD2 allows physical goods although bad news is transactions will be capped to a maximum of €50 per transaction with a maximum monthly limit of €300.

Any thoughts ?

My view is max spend €300 is still a significant revenue generator and in time will be increased.


hxxps://www.gtnews.com/2017/09/29/do-carrier-billing-payments-have-a-future-under-psd2/

[chimers] 03/10/2017 16:48

And my wife.

[lentjes] 03/10/2017 16:43

Only if includes shorters

[simonsaid1] 03/10/2017 16:20

Super robustness so far this week. Seems we have a new base at around 260p. Good to see this share growing in a sustainable, organic way. No AIM nonsense, just solid operations leading to solid gains.

[woodcutter] 03/10/2017 12:47

Leading thanks, look forward to you posting

woody

[leading] 03/10/2017 09:00

I have e-mailed Bango on the accrued income point and will post again when I get a response.

Woodcutter - I think your margins are higher than other people are using to project forward. They tend to be on a sliding scale and reduce as the value of transactions increase.

[woodcutter] 02/10/2017 18:09

leading

Yes, i'd picked up on those points too when i read the report. It's probably the only thing that's preventing me taking a position at present. I've also some reservations on the market too. I can't imagine credit card companies sitting idly by and letting their market disappear in front of them.

just to put some numbers on the table it looks to me like:
£1b EUS @ 95% gross margin & 1.7% commission is over £16m gross profit
£5b EUS @ 95% gross margin & 1.7% commission is over £80m gross profit

£5b EUS being the platform build capacity from what i can gather.

With admin costs around £7.5m including D&A and £5m excluding D&A and supposedly stable for the immediate future it looks an interesting prospect.

Happy to have the numbers questioned

woody

[muffster] 02/10/2017 16:02

Momentum coming back here. With Bango getting the most innovative DCB technology award last week, I'm certain this can only help exposure.