Share Name Share Symbol Market Type Share ISIN Share Description
Bango Plc LSE:BGO London Ordinary Share GB00B0BRN552 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 118.50p 0 05:30:12
Bid Price Offer Price High Price Low Price Open Price
117.00p 120.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 4.15 3.93 -5.22 83.1

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Date Time Title Posts
20/10/201812:35Bango - Signs company maker deal with Facebook3,683
19/10/201808:51more BANGO for your buck663
27/11/201706:50Bango-Mobile content services- will it go with a bang?732
31/7/201708:42Taking breather1
02/9/201415:30TV Interview with Bango CEO Ray Anderson-

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Bango Plc Daily Update: Bango Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker BGO. The last closing price for Bango Plc was 118.50p.
Bango Plc has a 4 week average price of 108.50p and a 12 week average price of 108.50p.
The 1 year high share price is 266p while the 1 year low share price is currently 108.50p.
There are currently 70,160,212 shares in issue and the average daily traded volume is 109,789 shares. The market capitalisation of Bango Plc is £83,139,851.22.
leading: Have to say I disagree with you there Simplesimon. I have always found the company's reporting to be pretty clear and comprehensive. It is supported by interviews and house brokers reports which are made available to all from the company's website. The company is still tiny, with a turnover in the last 12m to June of under £5m. How much more do you want? Re-read the interim results, which were issued less than a month ago. The business model is clear, the funding position is secure. We as shareholders just need to be patient and let the management get on with it. The share price will reflect performance in time (for good or ill), just be careful not to be a forced seller.
kingbarolo: Not sure if anybody has read IC article on Friday, an updated version of Tuesday's report by Simon Thompson. Highlights: "nearest to arrival pipeline of EUS is worth $4bn.... and most of these have been approved in principle by clients". "Expect newsflow from company of some TRANSFORMATIONAL contracts in the coming months". "It's not difficult to model a scenario where revenues and profits are ramped up". "Fourth quarter newsflow on contract wins about to instil confidence in Bango achieving Cenkos 2019 numbers (pretax cash profit of £5.6m based on EUS of £1.3bn)", etc etc, the article goes on. My interpretation of this is that Cenkos numbers could prove to be very conservative! The last time ST used the word "transformational' regarding this company was when they initially signed up with Amazon and the share price exploded. My reading of this article is that this could be about to happen again, say before Christmas. Please read the article and make your own mind up - I am not a ramper! One reason I don't read this board very often is because there is more content about BOKU than Bango. To my way of thinking Bango is unrivalled, it has a far superior product, it isn't in direct competition with Boku, it's making it's own history and in the next fifteen months we will see a huge increase in the share price - some of which may be evident in the next 3 months or so. I welcome comments!
amt: simplesimon I think Bango share price will go up buts its nothing to do with the original BOKU IP owners switching. They are the sort of investors involved in start ups so they work by funding from the start and then look for an exit once the business is fully established. It's as simple as that. I think BOKU share price will move sideways at around the 160p value in the short term. So we now know what value the big investors put on BOKU at its present time and happy with 1.60.
glawsiain: The David Hill guy I quoted yesterday added more on BANGO last night and partially addressed the blockchain argument that has been touted here. "My point was really that the risk/reward is not favourable for a conviction/stand alone short of size. Ocado was a classic example of major short term catalysts burning shorts heavily, irrespective of whether (as I happen to) you think it is ridiculously overvalued. I am personally long of Bango (LON:BGO) mainly because I think the payments space is interesting and also that they are not overvalued assuming the core tenets of their story are true : i.e. can handle $5bn of EUS with no additional ramp up of cost and the $4bn EUS pipeline is high probability. I do however, mull over the whole blockchain competition threat to this type of cash business. Whilst I suspect there is some ultimate plausibility my suspicion is that we are some years off any mainstream adoption of it. The market will only really react to this negatively on the share price 6-12 months in advance of heavy adoption, so will keep an eye open for signs. The data business is a bonus in my opinion, but potentially a very big one. It will break even this year at which point it is effectively a free option. In current market conditions those businesses are ascribed a lot of value but I haven't baked anything into my numbers for it. Might be the cherry on the cake though so I am happy to live with a marginally lower profitability for a year to buy the optionality."
glawsiain: Posted on stockopedia by a user who goes by as DavidJHill, in response to someone shorting BGO "Bango (LON:BGO) I'd be wary of shorts on this - the story is very much coming true and the next 6 months could be harsh to short positions. A few points to note here 1) On track for a year end £592m EUS. This equates to a run rate starting next financial year at £900m. That's almost 4* the reported numbers for this Half. 2) Pipeline is £4bn but what is misunderstood is that this is nearest to arrival pipeline : what that really means is that the deals are in-principle approved by clients with technological DD complete. Ie very high chance of success. These should start coming through shortly, so you could see a series of announcements up to £1bn of EUS. That's material & would give a big uplift 3) The business is profitable but they bought a data monetisation business last year, which eat into this years profits. However, that business is also expected to reach profitability in the next 12 months I believe and could ramp up profits very considerably assuming clients using the platform want the data analysis to go with it. You can bet many will, so seems like a good cross sales fit to me and worth investing in. What's interesting for me is that ignoring any future profitability from the data business we have a PE of 19 for next year according to broker notes on Research Tree this morning with net cash position of circa £12m. That seems very light. I'd expect a business with these attributes to get taken out at multiples of 30+ and so I do also wonder if they are becoming vulnerable to a take out here. All in all I can see a potential 12-18 month doubling of price, but more importantly from a short position perspective, quite a few near term potential catalysts for jumps in share price. Downside on the other hand looks relatively modest given valuation metrics/peer comparisons of say 30%. Irrespective of whether you think the stock is a buy or not the risk/reward looks wrong to me for a short position at 1:3."
alangrifbang: Surely because the share price is once again on the drop,they are not expecting a very good update mid month,looking at Boku the share price will be the same as BANGO soon.nothing ever seems straightforward,
alangrifbang: I really dislike you but have to agree with your posts,when article comes out tomorrow I don't think it will affect the share price at all.we need to know what is happening to these so called 38 companies they are talking to,until then I can only see the share price going south,good luck everybody
nimrod22: Don't get up set guys, its not my fault that the share price is on a Cresta Run, there's a free ride back-up after its bottomed! Baring any particular good news, I suspect it will keep heading South for a while longer. Even a casual observation of the graphs shows that the BGO price has a habit of cycling up and down which makes it an interesting share to make some profits; 12% down on the week.
chimers: KeywordCompanyEPIC/TIDMSEDOL/ISINNews Search Price Announcements Fundamentals News Article RSS Bango PLC (BGO) Add to Alerts list Print Mail a friend Wednesday 24 January, 2018 Bango PLC Placing and Acquisition RNS Number : 7627C Bango PLC 24 January 2018 THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SHARES OR OTHER SECURITIES OF BANGO PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION , AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION. BANGO PLC Placing and Acquisition - Acquisition of Audiens to accelerate data monetization business - Placing of £5 million to fund Acquisition - Expected to add to group Revenue immediately and boost 2019 profit - Benefits for Bango Customers and mobile operator partners Bango plc (AIM: BGO) ("Bango"), the mobile payments company, announces a placing of 2,777,778 new ordinary shares (the "Placing Shares") at a price of 180 pence per share (the "Placing Price") to raise £5 million (the "Placing"). In addition, Bango announces that it has acquired 98.45 per cent. of Audiens SRL ("Audiens"), the data management subsidiary of Digitouch S.p.A (DGT:Borsa Italiana) ("Digitouch"), from Digitouch, Marko Maras, Sodapao S.R.L., My Draco S.R.L. and Fabrizio Ampollini (together the "Sellers") (the "Acquisition"). The Acquisition is not conditional on admission of the Placing Shares to the AIM market. The Placing and Acquisition are intended to enable Bango to capitalize on demand for the valuable data it generates through its existing operations and to enable the Bango Platform to provide additional value to the rapidly-growing mobile advertising market. In addition to the Placing, Bango also announces that Ray Anderson and Anil Malhotra, Chief Executive Officer and Chief Marketing Officer of Bango respectively have indicated their intention to subscribe for up to a total of £20,000 of new shares at a price no less than the Placing Price. Acquisition of Audiens The consideration for the Acquisition comprises of €1.48m (£1.3m) in cash, to be paid immediately, €0.63m (£0.55m) which will be paid to Digitouch for provision of shared services for up to 12 months from the date of the Acquisition, 521,803 Bango ordinary shares which have been issued at the Placing Price (the "Consideration Shares") and the grant of 738,399 warrants over Bango ordinary shares exercisable for a period of 10 years at the Placing Price. The remaining 1.55 per cent. of Audiens is retained by Marko Maras, a co-founder of Audiens (the "Maras Shares"). Bango has entered into an agreement with Mr Maras relating to the Maras Shares (the "Option Agreement"), pursuant to which additional consideration may become payable as part of a two year incentive plan to maximize the success of Audiens as part of Bango. Further information on the Option Agreement is set out below. The net proceeds of the Placing will be used to fund the Acquisition, to integrate the Audiens technology with the industry leading Bango Platform and to support the development and marketing of the emerging Bango mobile data monetization business. Application has been made to the London Stock Exchange plc for the Placing Shares and Consideration Shares (together, the "New Ordinary Shares") to be admitted to trading on AIM. It is expected that the Placing will become unconditional, that admission to AIM will become effective and that dealings will commence on 29 January 2018. Commenting on the Acquisition and the Placing, Bango CEO, Ray Anderson said: "The acquisition of Audiens accelerates the development of the Bango data monetization business and opens the door to exciting new additional revenue streams from the Bango platform. Mobile operators are eager to find new ways to improve their monetization of data - in ways that respect user privacy and comply with regulations. Merchants want to grow sales faster and reach new customers more efficiently. The combined platform will provide customer insights to merchants, advertising partners, and mobile network operators, to drive consumer engagement and revenue. The Audiens team has developed a powerful data monetization product that is gaining rapid customer traction and is being integrated with industry leaders. The technology and relationships that Audiens brings will enable Bango customers to grow faster than originally planned. Bango Boost already monetizes data by delivering significant sales growth for merchants. With Audiens technology, Bango can now capitalise on the demand for data to enable more effective marketing, bringing additional revenue and scale to Bango, as mobile cements its place at the centre of global commerce." Reasons for the Acquisition Bango is the payment platform chosen by the world's most influential companies to grow their sales faster in the age of connected commerce. Working with global stores including Google, Amazon, and Microsoft, Bango has become the industry standard mobile commerce platform, helping people make payments quickly and conveniently. Through its innovative technology platform and relationships with over 100 network operators, Bango technology increases sales success and provides unique insights derived from the pooled data and shared knowledge of the platform. Since 2016, Bango has been developing technology to deliver additional insights from data accessible using the Bango Platform. These insights are used by merchants to drive increased sales and improve marketing effectiveness. Over more than two years, Audiens has developed a cloud based data platform that collects, organises and analyses data, building customized audience segments and making these available to advertisers. Advertisers can map more accurately to relevant users based on their activities, enabling data-driven decision making. The Audiens team has extensive domain expertise and market experience. Bango believes that the Audiens technology complements and accelerates the Bango data strategy by 12-18 months, enabling Bango customers and other advertisers to improve marketing effectiveness. This acquisition will also enable mobile operators that partner with Bango to more efficiently and successfully monetize valuable consumer data. The directors of Bango believe there are substantial market and product synergies from this deal. The integrated platform will provide a tested, trusted, secure and safe route to market for valuable data accessible through the Bango Platform. Bango partners will benefit from the deep data insights provided from the platform to monetize better through higher sales success and improved marketing conversion. Over the last two years, Bango has delivered strong growth in its core business. As announced on 8 January 2018, Bango continues to focus its product development, sales and marketing efforts on enhancing the Bango Platform and on growing transactions through the Bango Platform for its customers. The total End User Spend (EUS) for 2017 was £271m compared to £132m for 2016 with a run rate of over £400m at the end of the year. Bango expects continued strong EUS growth and that revenue from its existing core Bango Platform business to continue to grow throughout 2018 and beyond. In 2018 Bango expects approximately £1m of additional revenue and no impact on expected profitability as a result of the Acquisition. Audiens reported unaudited gross profit of €0.24m (£0.22m) and a net loss of €0.19m (£0.16m) for 2017. Bango expects that the integration of Audiens technology will make a contribution to profitability from 2019 onwards, and that synergies will drive additional EUS from the existing Bango business. Benefits for Bango customers and partners Mobile operators will be able to expand their use of the Bango Platform to offer valuable data to advertisers, where they choose to do so, securely and safely, and in compliance with relevant regulations. Audiens already does this for two mobile operators. Merchants using the Bango Platform to collect payments and developers distributing through Bango payment enabled App Stores will be able to better target their advertising to optimize sales and improve marketing efficiency. They will do this either directly or through advertising agencies. The Audiens technology delivers data into the trading desks used by advertisers and marketing agencies, providing broad global availability without the need for global sales and marketing teams. Bango has established a resale and licensing agreement with Digitouch to use the Audiens technology, and expects this partnership to accelerate the early success already achieved. The Option Agreement After the acquisition, Marko Maras will head the Audiens business at Bango with rewards linked to achievement of specific revenue objectives and overhead control. As noted above, as part of the terms of the Acquisition, Bango has entered into the Option Agreement with Mr Maras relating to the Maras Shares. Under the terms of the Option Agreement, Bango can call upon Mr Maras to sell these shares to Bango in certain circumstances (the "Call Option") and Mr Maras can call upon Bango to purchase these shares in certain circumstances (the "Put Option"). The final date by which either the Put Option or the Call Option must have been exercised is 28 February 2020. On exercise of either the Put Option or the Call Option, Mr Maras may be entitled to payment for the Maras Shares calculated at €0.95m (£0.83m) (based on the Placing Price), payable by Bango (the "Additional Consideration") subject to certain conditions including the achievement of specific revenue targets by Audiens. The Additional Consideration that may be payable varies depending on the Bango share price at the time of exercise of either the Put Option or the Call Option. The Additional Consideration payable will reduce as the Bango share price rises but could increase, on a sliding scale to a maximum of €1.38m (£1.2m), should the revenue objectives be met but the Bango share price falls below the Placing Price at that point. If, on or before 28 February 2020, Audiens, directly or indirectly is the subject of a further sale by Bango, or should Bango be acquired and a portion of the proceeds be specifically attributed to Audiens, further consideration is payable to Mr Maras. The further consideration would be for an amount that is up to 20 per cent. of any sale proceeds receivable by Bango that are directly attributable to the sale of Audiens after deducting the total consideration (including the value of Bango shares and warrants at the point of such event) paid by Bango for the Acquisition. Any such further consideration payable to Mr Maras is capped at an amount equal to €50 million, which amount would only be reached if the sale proceeds attributable to Audiens were €250 million more than the value of the total consideration paid by Bango for the Acquisition.
nimrod22: Does the American market have much effect on the BGO share price??
Bango Plc share price data is direct from the London Stock Exchange
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