Bango Share Discussion Threads

[lentjes] 15/3/2016 19:43

What is also interesting is that BANGO have announced that they carried out 30 activations in the year where as at the time of the H1 report on 15th September they announced that they had carried out 19 activations which would have included the the SA Telecom Google activation which was the last RNS notified activation on 2nd September.

Therefore, BANGO carried out 11 stealth activations in the later part of the year and for one reason or another decided or were not permitted to issue a RNS.

Interesting

[j777j] 15/3/2016 14:50

"Perhaps a larger company with wider payments interests will value Bango's strategic position more favourably."

[aishah] 15/3/2016 12:47

Jam tomorrow, again, for Bango

[lentjes] 15/3/2016 12:39

Summary of Finals

Positives

- cash GBP 12.1m

- EUS March 2016 79.4 (although GBP has fallen approx 10%)

- cost base reduced to 4.4m ( this could be year end accounting )

- additional payment systems being developed

- during 2016 BANGO will confirm reliability of the BANGO platform far above already tested 650m without additional cost

- developing partnerships in India and Nigeria

Negatives

-No update on Window 10 activations

[j777j] 15/3/2016 09:30

Outlook

-- Bango expects to deliver at least a 100% increase in annualized EUS exit run rate for FY2016. The run rate at the beginning of March 2016 was GBP79.4m per year

-- The pipeline for further activation opportunities increased over the last year due to the DCB ambitions of the major app stores and their associated digital content offerings. At the start of March there were 30 activations scheduled and underway for launch, and a pipeline of over 200 opportunities being pursued.






Ray Anderson, Chief Executive Officer of Bango, commented:



".....With a stable cost base and accelerating EUS growth, Bango is confident that it remains on track to become profitable and cash flow positive within the installed processing capacity of the Bango Payment Platform."





30 activations scheduled for launch and a pipeline of over 200 opportunities being pursued doesn't sound like their tech is redundant!

[bookbroker] 15/3/2016 09:16

amt - this has an appalling rate of return, even on those figures you suggest, 643, this still leaves a huge level of expectation, this will be gone in a year or two, it won't even be swallowed up, technology is moving way too far and fast for this co. to make an impression, get out while you can, on the basis of hope on this thread it needs to be 10x the mkt cap. to stand a chance, it's a minnow and will never grow any bigger!

[j777j] 15/3/2016 08:54

If it stays at these kind of levels, I can't see it staying independent for much longer.

[18bt] 15/3/2016 08:52

Agreed, results look OK with confident outlook statement.

[amt] 15/3/2016 08:13

No suprises in results so recent share price drop a bit odd. I have pencilled in 100m eus for 2016 and 200m for 2017 with breakeven in 2018. Cash burn of 6m before breakeven gives 4m of headroom. On current capacity 650m eus gives op income of about 5m

[lentjes] 08/3/2016 08:06

Yesterday afternoon it looked like the seller was back in town and it will be interesting to see how the share price holds up in the run up to the finals on Tuesday next week. I just hope Ray Anderson has not been telling porky pies in relation to EUS otherwise the sh*t will hit the fan next week. As previously mentioned the EUS based on the monthly updates and the H1 results should be approx GBP48m give or take a couple of mil. Anything less and its a disaster.

I did notice on the BANGO website they are advertising for a new MNO VP Business development which is the position Trevor Goldberg holds although I'm not sure if this position relates only to the Asia market.

In addition I also noticed that Damien Byrne ( account director )has left in September after only 9 months to join Boku although looking at his profile he does not last long anywhere. It did appear a strange appointment at the time although its interesting that September was when the activations dried up.

I hope this is not a sign of the BANGO team starting to jump ship as it heads towards the rocks.

[lentjes] 03/3/2016 17:05

So Inflection Point have dumped 100k on Tuesday and a further 29K since 31st December and Schroder PLC have dumped 379K yesterday and 133k since 31st December plus what ever else they have both dumped since.

Still does not explain the 1.5m sell on 24th and a few other large sells or who is buying

These guys have been long with BANGO for sometime although did not take part in the placing so something has spooked them or have they just lost patience ?

Also funny this dumping is going on whilst Peel Hunt claim it's all steam ahead and BANGO has a great future ahead

[danzac39] 02/3/2016 12:37

All stock cleared. No offer. Difficult to buy now.

[lentjes] 02/3/2016 12:28

So no holding RNS

Starting to think this is all about moving stock between mates at agreed rates

[lentjes] 01/3/2016 06:54

Out all day yesterday and missed the 1.5m sell. Should get a Holding RNS today and any bets on which one of the II's has sold

LIONTRUST ASSET MANAGEMENT: 11,107,924 (17.24%)
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ODEY ASSET MANAGEMENT LLP: 7,088,000 (11.00%)
MR RAYMOND ANDERSON: 6,624,036 (10.28%)
MR ANIL MALHOTRA: 4,006,815 (6.22%)
SCHRODERS INVESTMENT MANAGEMENT: 3,393,001 (5.27%)
INFLECTION POINT INVESTMENTS LLP: 3,264,639 (5.07%)
HARGREAVE HALE: 2,501, 266 (3.88%)
WELLINGTON MANAGEMENT CO: 2,162,314 (3.36%)

[bookbroker] 29/2/2016 22:10

I'm being a bit harsh on Ray A., a good idea in principle, but these media cos. all starting to utilise their own payment systems!

[bad robot] 29/2/2016 21:23

BANNNNG BANNNNNNNG BAAAAAAAAAAAAAANGO.

4p

[bookbroker] 29/2/2016 14:47

You'll be able to buy under 10p soon, pointless co. being stuffed by Google pay, Amazon pay apple pay and every other bloody payment method,
Ray Anderson being chasing the pot of gold at the end of the rainbow, he should know by now that it is pure make believe!

[aishah] 29/2/2016 14:44

Big overhang in the market. Can buy at 41.5p in size at the mo.

[lentjes] 29/2/2016 13:13

Can anybody explain whats happening with the share price today, all buys and its still going down. It looks like somebody wants to drop the share price for one reason or another although I'm not convinced it a short as I would have expected more selling over the last weeks before they dropped the price especially if it was one of the II's

[lentjes] 29/2/2016 09:59

Very strange share price action on no news and with no shortage of shares available it would take some buying to get the share price moving back in the right direction.

Games being played or somebody knows some bad news

Come on BANGO make a statement and tell us what happened to to the MS Windows 10 launches that didn't happen

[amt] 29/2/2016 08:42

Yet another AIM disaster

[amt] 29/2/2016 08:39

Must be being shorted, something odd going on here. The company should issue a statement to tell us what the hell is going on.

[lentjes] 27/2/2016 11:20

I'm not sure how much the Mozilla Firefox Market Place contributed to EUS ( I doubt very much)but as of 29th March 2016 it will no longer support paid Apps. I doubt this has contributed to the recent fall in the share price as the decision to end paid Apps was known last year and this is just the confirmation of the kill date

hxxps://wiki.mozilla.org/Marketplace/FutureofMarketplaceFAQ.

hxxp://www.computerworld.com/article/3030639/mobile-wireless/mozilla-sets-kill-date-for-firefox-os-on-phones.html