Bango Share Discussion Threads

[smallcapinvestor1] 25/5/2016 21:07

I imagine the reason for no news today was simply that with the two recent announcements re India and the acquisition they feel they have effectively communicated everything already.

[amt] 25/5/2016 20:32

Probably market disappointed by lack of news. I cannot imagine why they would raise cash when they have 10m plus and could be breakeven next year.

[lentjes] 25/5/2016 18:49

Very strange BANGO did not issue a trading update today although maybe there are reasons and they will give the update once they have further news rather than update the market and then issue a further RNS a day or so later.

My conspiracy theory to explain the above and the share price decline is as follows

BANGO have always stated that cash in bank is a key issue for MNO's and APP store partners and following the acquisition of BilltoMobile they may go for a cash top up now that they have a new special resolution 6 passed at the AGM today which allows them to raise more cash. Therefore we can expect a smallish placing in the next week or so if not sooner to cover the acquisition costs and maybe they have their eyes on further aquisition's so the placing could be larger than the BilltoMobile cost.

This could then explain the share price decline in the last days as the II's will already have been informed before the acquisition and know the placing is coming following the AGM and its just at what pre agreed price the placing takes place. Maybe this is also the reason the share price has been dropped for no apparent reason since early this year as the negotiations with Danal must have been going on for some time and I suspect the II's who took part in the placing at 90p in November last year may have insisted on a 50% discount if BANGO wanted further cash (mates rates). A good trading update today would have given the share price a boost which would then have made the a share price 48p discounted placing look rather odd against a share price of mid to high 50s.

Only guessing but there must have been a reason to change from normal practice for the AGM today and to explain the share price decline following relatively positive news flow over the last weeks.

[lentjes] 14/5/2016 11:03

Sorry link did not work

Friday, October 11 2013


SAN JOSE, CA and SEOUL, SOUTH KOREA | 17wind, China's first privately-owned online lottery provider, has signed an exclusive contract with Danal to enable payments on its site using Danal's mobile payment solution. Danal, the parent company of BilltoMobile, is the pioneer and global leader in e-commerce mobile payments, having processed an unmatched $7 billion in transactions.



Online Lottery Market

In 2012, the online lottery market in China was estimated at USD 4.8 billion (CNY 30 billion) and was comprised entirely of government-owned enterprises. Due to recent policy changes in China, privately-owned enterprises can now also offer lottery services. Local experts believe this change will result in explosive growth in the market, which is already on course to reach USD 13 billion (CNY 80 billion) in 2013. 17wind is the first private enterprise to be licensed for online lottery services in China; and Danal's mobile payment solution, DanalPay, is enabling all 16 lottery models available through 888.17wind.com.



Alternative Payment Solution

"Danal's diverse mobile and alternative payment solution caters really well to the Chinese market and is therefore very well-received by all local companies," said Jin Gon Jo, Head of Danal China. "Bringing mobile payments to 17wind's online lottery service is an exciting new segment and we are looking forward to an accelerated growth in the coming months."



Danal's Multichannel Payment Options

For over 13 years, Danal's commerce solutions have been providing consumers the flexibility to pay with ease at home or on the go. Danal enables consumers to use credit cards, prepaid cards, bank debit, carrier billing or any payment option that consumers prefer. Using Danal's mobile payments solution, consumers can confidently and seamlessly make purchases at restaurants, convenience stores, mobile app stores, and retail shops using their mobile device. This enables merchants to offer a consistent brand experience to their consumers.



Pioneer

"By venturing into mobile payments for lottery services, Danal has proven yet again that it is the pioneer and global leader in mobile commerce solutions," said Jim Greenwell, President and CEO of BilltoMobile. "We have had enormous success powering mobile payments in a number of different verticals and geographies, and we expect this success to grow multifold with this launch."



About BilltoMobile:

BilltoMobile is the premier provider of carrier-integrated mobile payment solutions worldwide, enabling the purchase of digital goods and services on PC, tablet and mobile phones. BilltoMobile's consumer-facing technologies promote smooth customer acquisition and conversion through easy, intuitive product design that helps thousands of businesses monetize their customers and grow their market share. BilltoMobile is the US subsidiary of Danal Co. Ltd., the pioneer and global leader in e-commerce mobile payments globally, having processed an unmatched $7 billion in transactions for over 10,000 merchant partners. Danal is listed on KOSDAQ:064260. BilltoMobile is headquartered in San Jose, California, and Danal has offices worldwide.

[lentjes] 14/5/2016 10:57

Also do BANGO get this from October 2013

hxxps://www.about-payments.com/newsroom/news/23449/chinese-online-lottery-site-powered-by-danal-mobile-payment-solution

[lentjes] 13/5/2016 17:03

Have been doing some research into Danal / BilltoMobile and whilst the below article is from 2012 it could be that by BANGO purchasing BilltoMobile not only do we get the 300m US users on board but what could be more interesting is that we could also get a foot in the door with a number of deals in Asia including Korea & China. The problem BilltoMobile had was that their overheads were far to high to make DCB attractive to both DANAL & the end user. BANGO does not have that problem

BilltoMobile is a privately-held U.S. company headquartered in San Jose, California. Its strategic investor and majority shareholder, Danal Co., Ltd (Seoul, South Korea), pioneered DCB technology, and has integrated DCB with 14 mobile carriers in Korea, Taiwan and China.

[lentjes] 09/5/2016 21:34

So at 10min 10 sec of the Edison interview Ray Anderson gave the hint that BANGO were looking at other ways to increase the EUS and therefore get to breakeven quicker rather than the 2 -3 years based on the increasing the internal BANGO EUS 100% year on year.



With the low margins available I suspect only the big boys of the DCB world will survive in the next 2 years and therefore we can expect further consolidation will take place and maybe there are further DCB minnows out there waiting to be gobbled up by the BANGO empire. If we get the EUS up this way and get to breakeven quicker the share price will rise and then a placing to raise cash for further acquisitions or even the dreaded word debt would make good business sense .

Looking forward short term it will be interesting to see what the monthly forecast EUS annual run rate is by the time of the AGM as this should include the BilltoMobile numbers so fingers crossed its approx GBP 140M ( existing BANGO target 90m + 50m from BilltoMobile)and I suspect the end December 2016 EUS run rate wont be far off GBP200m which would be a great achievement.

[amt] 09/5/2016 17:53

I can see 2017 being profitable and 2020 reaching 20m net profit. After that could see explosive growth in profitability. Surely with this acquisition they should hit 200m end user spend by close of 2017. Don't know what upside is 20m on a pe of 30 would give a nice ten bagger though. Could all be a dream.

[lentjes] 09/5/2016 12:52

amt

Yes the increase in the capacity of the Bango platform is a nice surprise in addition to the RNS this morning. Bango did say in March 2015 finals that they would test the capacity in H2 so looks like they have brought this forward or is there further to come ??

The RNS states 15 x today's EUS so based on end March GBP75m plus further 2 months increase (lest say EUS begining May GBP90m )we could have a capacity of GBP 1.35 billion and at 2% would be a margin of GBP27m less overhead at GBP5m

Nice couple of days and things looking good

[lentjes] 09/5/2016 09:03

Don't forget guys the GBP55m EUS for Billto Mobile will be increased once BANGOBOOST kicks in

[amt] 09/5/2016 08:21

Yes I noticed that looks like hinting at an upgrade to the outlook.

[smallcapinvestor1] 09/5/2016 08:20

Notice the the eus spend growth rate is accelerating.

[amt] 09/5/2016 08:20

Share price off to the races, potential looks enormous if they can show inflection point even better

[kaka47] 09/5/2016 08:11

Great deal

[amt] 09/5/2016 08:11

e Bango Payment Platform, which is highly scalable and able to support at least 15x current EUS levels, will add substantial additional EUS, with no additional operational cost after migration

That's a big increase over previous statements. It was 10 times before. So billion eus at 2% would give say 15m net income. At people of 30 could prove interesting for share price if they execute and my calculations are correct.

Great acquisition at premium of 60p too.

[linton5] 09/5/2016 07:55

Lovely bubbly the jigsaw is taking shape chaps

[lentjes] 05/5/2016 21:46

Interesting article especially 2nd para from the end

hxxp://www.moneycontrol.com/news/business/google-challenges-appleindiacredit-card-alternative_6520201.html

Guess who Google are with in Indonesia !

[lentjes] 05/5/2016 16:49

J777J

I had suspected that this was taken down for a Take Over (still no explanation on the 1.5m sell end Feb) but I think anybody wanting to Take Over Bango would have to persuade the II's to take a big hit which I doubt they will as I think the average fund raising sits at approx 90p per share and 64% of stock 9at last count) is held by the II's.

I also think that there are many more activations happening and we only get to hear about the new territories these days ( South Africa, South America & now India) so if anybody is thinking of a TO they will need to act quick and have deep pockets.

[bad robot] 05/5/2016 16:14

I am not sure. I thought Bango would have boomed in the morning.

[linton5] 05/5/2016 16:00

So what's your thoughts br next resistance is 60p