Bango Share Discussion Threads

[simonsaid1] 02/11/2017 12:33

PSD2 is a very good thing for Bango. Previously DCB in Europe was for digital goods only, but with these new regulations physical is allowed for the first time.

The €50 limit is already looking like it may not apply in all cases, but even if it did, that is vastly higher than current typical DCB transactions, and would cover a huge chunk of retail purchasing.

It also opens the door for future limit raises, just as we've seen with the rollout of contactless mobile payment in retail.

But as explained in the comment above quoting Bango, the limit actually won't apply in all cases.

[muffster] 02/11/2017 07:54

So all in PSD2 is an opportunity to gaim business and shouldn't affect Bango

[muffster] 02/11/2017 07:52

Note from Bango PSD2 proposes to impose these spending caps on carrier billed payment, to the extent that it benefits from a carve-out to the general Directives applying to online payments. There are two points to consider around the application of PSD2:First, we are already encountering different interpretations in different markets.Secondly, the restrictions apply IF the operator depends on the carve-out to offer operator billing. Some operators - notably the bigger ones – already have some kind of payment processing license that allows them to operate on a much broader basis, rather than depending on the criteria that restrict the carve out.It isn't clear yet how much spending will be impacted by these restrictions. For the digital content and services sector, not likely to make a significant difference. What it potentially limits is the number of operators who will think about expanding the application of carrier billing beyond digital.Having said all this, the focus for Bango currently is increasing the reach of carrier billing to more customers. We do want to encourage more individual spending as well (most customer spending is much less than the PSD2 limitations), in partnership with developers who influence consumer behaviour more than the Stores themselves.

[chimers] 01/11/2017 23:51

Cambridge mobile payments company Bango has set out its stall for major growth in South Korea as its technology continues to gain traction in Asia.

[chimers] 01/11/2017 23:49

LONDON (Alliance News) - Mobile payment company Bango PLC said Wednesday it is to expand its presence and business development in South Korea, including the appointment of a new country manager.

[simonsaid1] 01/11/2017 11:31

Here is the post I wrote on LSE earlier regarding South Korea:

We will get another RNS next month to say run-rate profitability has been hit, IMO. Myself and a few other investors I know have been contacting Bango urging them to be more communicative between results/trading update RNS's and it looks like they got the message.

South Korea is a huge consumer market and very tech-savvy. I encourage all Bango investors to spend some time researching mobile payment in South Korea. I did a bit of reading on it this morning and it got my mouth watering. It's massive there, way way ahead of us. First, some facts about mobile payments there in general (think about what it means to have even a small piece of this pie):

- Transaction Value in the Mobile Payments segment amounts to US$4,620m in 2017.
- Transaction Value is expected to show an annual growth rate (CAGR 2017-2021) of 49.1 % resulting in the total amount of US$22,863m in 2021.
- In the Mobile Payments segment, the number of users is expected to amount to 16.3m by 2021.
- The average transaction value per user in the "Mobile Payments" segment amounts to US$440.84 in 2017.
- From a global comparison perspective it is shown that the highest transaction value is reached in China (US$138,272m in 2017).

Source: hxxps://www.statista.com/outlook/331/125/mobile-payments/south-korea#

Next, consider that credit card penetration there is just 56%. The population is 50 million people with an average age of just 41, and an average income of $27k USD and smartphone penetration of an astonishing 91%. This is a model consumer economy (hence their culture's obsession with Western luxury brands right now).

Source: hxxps://www.mobilepaymentstoday.com/whitepapers/carrier-billing-in-asia-2017-market-report-by-fortumo/download/

From the same paper, we can see DCB is already the third most popular payment method for digital gaming. I have yet to find good statistics for DCB use overall in the country, but it's the prime type of market for this to emerge. I welcome any research anybody can add to this, I'm just developing a picture of what this could mean for Bango. It's very similar to Japan, and has encouraged me to continue adding to my holding.

[simonsaid1] 01/11/2017 10:51

So South Korea and India both coming online, and both with no restriction on physical goods via DCB (which carry a much higher average spend/EUS).

Add that to Amazon Japan physical goods, and the EU legal changes PSD2 meaning all of Europe is about to become able to buy physical good via DCB. Even a very small slice of that pie is HUGE money to a company the size of Bango.

How are people not seeing this? Lol.

[lentjes] 01/11/2017 10:23

India looking the like next big market for Bango especially once the Idea / Vodafone merger is complete which should give us approx 400m subscribers all with their brand new smartphones.

We also still have LATAM to come

hxxps://www.developingtelecoms.com/business/trends-forecasts/7398-india-overtakes-us-as-world-s-second-largest-smartphone-market.html

[18bt] 01/11/2017 10:08

Just topped up a bit on EBITDA positive

[chimers] 01/11/2017 10:01

Thats nearly good!!

[mortimer7] 01/11/2017 09:57

Ahem... BANGO UNCHAINED

[lentjes] 01/11/2017 09:54

RNS Total Voting Rights

Only 842 shares issued last month so it looks like at the present share price the pot of shares available to employees to make a quick (short sighted) buck appears to have dried up so hopefully there will be no further dumping of shares on the market until the next leg up in the share price above GBP 3.00

[simonsaid1] 01/11/2017 09:07

Yes the RNS says run-rate profitability, which in a company that's growing pretty fiercely, is as good a sign as any to me. The point is that even with no more growth, the current company would be profitable. Merely standing still will now generate a profit above their expenses going forward. And this is a company not standing still by any measure, given the Amazon Japan physical goods deal, other new routes and the new opportunities in South Korea. They're also recruiting at a rate of knots, as the new PSD regulations mean DCB for physical goods in Europe is going to be allowed from 2018, which is massive for Bango and could be transformational in and of itself. A huge restriction is coming off and there will be retailers doing deals with them right now.

[gsbmba99] 01/11/2017 08:59

EBITDA breakeven isn't operational profitability. For 2016 they had depreciation of £0.3m and amortisation of development spend of £0.9m (excluding amortisation of acquired Bill to Mobile assets of £0.2m). They may be referring to "adjusted" EBITDA which would also exclude £0.4m of share based payments in 2016. If so, suggests currently operating at £1.6m annualised operating loss. They might, however, be operating on an operating cash flow positive basis since depreciation, amortisation and share-based payments are non-cash accounting charges.

[simonsaid1] 01/11/2017 08:03

What are you talking about Middlesbrough? This is not a loss making company, read the RNS you wally.

[middlesboroughfc] 01/11/2017 07:48

restassured1 Mar '12 - 07:41 - 119 of 2119 0 0
Still loss making after all these years.

Oh well, it has always been jam tomorrow with Bango.





that was 5 years ago and still same old

[simonsaid1] 01/11/2017 07:46

The move into operational profitability is massive, a significant milestone for a young tech company. As Simon Thompson explains, Bango is highly operationally geared so profits will be soaring from here on out.

South Korea is an ideal tech focused market and a massive opportunity. They've not done this by halves either, setting up a country manager just for this new market. One has to wonder why, and like others I smell the strong scent of another Amazon physical goods territory here. The RNS mentions physical repeatedly, I think they're giving us a hint!

[smallcapinvestor1] 01/11/2017 07:24

Lots and lots of very good news to digest this morning. Company now ebitda positive and the move into south Korea is clearly designed for amazon's next move.Very exciting times.

[chimers] 01/11/2017 07:21

Bango expands in South Korea to support retail and IoT payments

[chimers] 31/10/2017 14:47

How do you know ?

[bookbroker] 31/10/2017 14:45

Keep ur pantyhose on!

[bookbroker] 31/10/2017 14:38

Be friggin poor if I keep holding these!

[bookbroker] 31/10/2017 14:37

That’s me!