Bango Share Discussion Threads

[oshy92] 19/3/2019 10:45

Morning. TV Interview with CEO and CFO following this morning's results:

www.fmp-tv.co.uk/2019/03/19/bango-interim-results-video/

[pr100] 19/3/2019 10:45

(b)"A loss making company HAS ZERO VALUE...TO ANYONE."(/b)

That's patent nonsense. Tesla, Spotify, Uber, the entire cannabis industry and many more haven't reported any profit yet. And it is possible for investors to see their shares increase in value while the issuer continues to report losses.

[chimers] 19/3/2019 10:13

A loss making company HAS ZERO VALUE...TO ANYONE.

[chimers] 19/3/2019 10:12

Hi would you like to buy my Fur Coat company...

'well I might how much money does it make?'

Turnover was £500m last year

'wow that's a lot of turnover but how much does it make?'

Turnover was £500m last year

'yes I heard you but what profits does it make each year?

Turnover was £500m last year

'sigh'

So do you want to buy it then?

'oh go on then I will give you a £1'

Thanks there's the keys bye...

[pr100] 19/3/2019 10:06

What their figures indicate is that they have been gaining business by undercutting the market to a level which can never be profitable. I can see no other explanation for the reporting of continued losses on significantly higher revenues.

They will have to increase their margins - which would then put their contracts in jeopardy from some other aggressively priced player.

Running at a loss in order to build scale is not necessarily a bad strategy though, as long as they can increase their prices and hold onto the business.

And I do think their platform is worth considerably more to a predator than the bare asset valuations suggest, even if the business is currently loss-making. The lack of significant debt helps too. So I could see a comfortable doubling in MC over the coming months, some of which could come from new equity issues which wouldn't help PIs.

[kaka47] 19/3/2019 09:13

Cleverly worded 2nd Warning within months. Good try to fool investors not going to work This is dropping below 50p

[alangrifbang] 19/3/2019 08:53

God who let you back in ,filtered again now,life has been so much better without you,goodbye,

[chimers] 19/3/2019 08:32

Another RAT deserts the sinking Bango ship ....what next...


Oh yeah... The emergency rescue placing.

[alangrifbang] 19/3/2019 08:23

Your dead right amt,I don't think this share will ever be liked ,it's always the results look good BUT!!!!

[nickjoseph] 19/3/2019 08:11

there's only one Simon Thompson, one Simon Thompson

[amt] 19/3/2019 07:44

The market will no doubt mark the shares down which would be great as I want to fill my boots

[18bt] 19/3/2019 07:28

Medium term prospects look enhanced by this statement. Will be interesting to see whether the market treats it as a profits warning rather than investment in 2019 will see profits rise faster in 2020 and 2021.

[amt] 19/3/2019 07:18

Excellent results and strong outlook. Any doubts misplaced. Now ebitda profitable. I am pencilling in 2m net profit for 2019 and 15m for 2020. Possibly 35m in 2021 if doubling end user spend continues. Plus other app business could take off. Plenty of cash headroom also.
They have tested the system to 10 billion user spend so we are potentially looking at a mult billion market cap company a few years out from here if all potential comes to fruition.

[drydata] 18/3/2019 22:07

Expect good progress with payment.
Expect invest in the data bus. Exactly like they promise. Good business. Bold well run. Great strategy.