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BGO Bango Plc

125.00
1.00 (0.81%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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
  1.00 0.81% 125.00 31,421 16:35:26
Bid Price Offer Price High Price Low Price Open Price
120.00 128.00 124.00 124.00 124.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 28.49M -2.14M -0.0279 -44.44 95.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 1,465 125.00 GBX

Bango (BGO) Latest News

Bango (BGO) Discussions and Chat

Bango Forums and Chat

Date Time Title Posts
19/4/202408:51Bango - Signs company maker deal with Facebook9,532
27/10/202202:23Bango Plc helping businesses make more money26
12/2/202107:43more BANGO for your buck691
22/7/201908:39Bango-Mobile content services- will it go with a bang?733
31/7/201708:42Taking breather1

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Bango (BGO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:26125.001,4651,831.25UT
14:51:07123.381,5221,877.77O
13:53:43123.562,0002,471.10O
13:29:36126.3811.26O
13:06:01123.565972.90O

Bango (BGO) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Bango Daily Update
Bango Plc is listed in the Radiotelephone Communication sector of the London Stock Exchange with ticker BGO. The last closing price for Bango was 124p.
Bango currently has 76,774,700 shares in issue. The market capitalisation of Bango is £95,200,628.
Bango has a price to earnings ratio (PE ratio) of -44.44.
This morning BGO shares opened at 124p
Posted at 12/4/2024 12:06 by parob
Yep I really like the look of the chart. The sellers were shaken out in that trading range the share price was stuck in for about 10 weeks.There seems to be more money sloshing around AIM over the past few weeks and quite a few shares I entered fairly recently are doing well (FDEV and ZOO are two examples) so some profits will be heading this way I reckon.Currently you can sell above the mid price so the mm's should move the price up.
Posted at 09/4/2024 06:54 by amt
Bango is a classic case of the share price not being valued correctly on a longterm basis. In effect what has happened is they announce an acquisition worth 16m per annum of revenue at 90% margin longterm with virtually no overhead required longterm.
In the first couple of years it will cost 35m to restructure and GM will be about 80% because of the platform they are using.
Therefore expect bad numbers for a couple of years.
initially the share price goes up a bit but when the bad numbers come through are worse by about 10m than expected the share price halves and knocks 100m usd of the market cap.
Now nearly two years after the acquisition the turnover and GM from the acquisition are confirmed by the numbers and the cost savings are confirmed but it's too early to see it in the numbers the market starts to believe in what the management announced two years ago and the share price starts to recover.
It's very difficult for Companies to make longterm strategies in the UK because of a very poor investment environment. Investors want instant results.
I think the acquisition should have added 100m plus to the market cap originally and Paul hinted at that yesterday. The payments business alone is generating 32m usd of revenue at 90 to 95% margin from 2025 and very little cost required to support it. Its almost like a royalty of 30m usd growing at 5% per annum. That alone is worth a lot more than the existing market cap in my opinion. DVM is in for free.
Posted at 08/4/2024 13:39 by 888icb
The IC piece is titled “Why Bango’s share price is set to recover strongly”. This is the concluding part of the article:
“ Reflecting the strong start to the new financial year, Singer Capital Markets predict a step change in profitability, pencilling in 162 per cent growth in cash profit to $16.8mn on 16 per cent higher annual revenue of $53.5mn. The forecast doubling of cash profit margin to 31 per cent reflects a four percentage point improvement in gross margin to 90 per cent), the benefit of cost savings and the operational leverage of the business.

Moreover, with Bang forecast to be cash flow positive in 2024, Singer have reduced the interest charge in their financial models and raised their 2024 pre-tax profit estimate by 8 per cent to $5.7mn, thus reversing last year’s $7.8mn pre-tax loss. On this basis, expect earnings per share (EPS) of 7.3c (5.8p).

Rated on seven times 2024 cash profit estimates to enterprise valuation, and given the upbeat start to this year’s trading, Bango’s share price rally is likely to gather momentum. Buy.”
Posted at 24/1/2024 09:39 by 6gr
The shares are cheap, but Boku won't be able to buy the company at anything like the current valuation, nor will anyone else. The Board and NHN hold close to 25% and I don't see them selling at anything other than a very high price. There are also many other long-standing loyal shareholders who will feel the same, enough to block a low bid in my opinion. I bought at around £2, my target exit in 3-5 years is £5-£10 and nothing has changed on that in my view.

The current price is an over-reaction to a badly handled set of one-off issues and a reflection of the AIM market. The share price is half what it was 3 years ago, when the company had less products and did 1/3rd the turnover.

Any suitor buying shares in the market would see the share price increase massively very quickly, as we know how illiquid they are. If they went to the Board directly to try an agreed offer, then they be laughed out unless it was very substantial.

As for the Directors buying shares, I've seen from many situations that they often simply don't have the cash. They probably sold shares last year because they needed the cash. Even some token purchases would help though.

I agree that a Bango/Boku merger would create a great company though.
Posted at 23/1/2024 09:06 by 888icb
Investors are wrong to ditch Bango
That is the title of Simon Thompson’s article on BGO in Investors Chronicle . These are the concluding paragraphs of the article:

“ Based on revised estimates, Stifel now forecasts 2024 adjusted pre-tax profit and earnings per share (EPS) of $3.6mn and 4.6¢, respectively, or 75 per cent below its forecasts at the time of the interim results (‘Exploit Bango’s glaring valuation anomaly’, 18 September 2023). In addition, analysts now expect the business to be broadly operating at cash flow break-even in 2024 rather than delivering $7mn of cash generation.

In my view, the lower than expected level of profitability and the hefty profit downgrade to 2024 forecasts explain why Bango’s share price crashed. It also raises concerns regarding both the upfront and ongoing costs of supporting large telecom customers and the margin to be earned from DVM customers in the longer term.

The other important point to note is that there was no mention of the hefty 2024 earnings downgrades in Bango’s trading update. Effectively, the board has reset the bar, but not communicated this to shareholders directly. Clearly, the house broker's massively revised estimates for 2024 are based on discussions with the directors.

That said, I see no point bailing out at such a depressed level. The £86mn market capitalisation company is rated on less than seven times downgraded 2024 cash profit estimates to enterprise valuation, a multiple that has scope to expand and drive a share price recovery assuming Bango converts its pipeline of DVM opportunities. Hold.”
Posted at 23/1/2024 08:13 by amt
Yes Boku looking good with similar growth to Bango in DCB so perhaps I was being too pessimistic about the opportunity for DCB.
It widens the gap between market cap of Boku and Bango even further.
Although Boku is 40% ahead of Bango on most metrics has a market cap of over 6 times that of Bango justifiable?
Perhaps it will help the Bango share price.
Boku have had a very similar roller coaster share price and are now where Bango should have been in 2024 but now looks like 2025.
Anyway gives an indication that a 6 fold increase in Bango shard price by 2025 is a bit of a dream but not impossible.
Posted at 22/1/2024 13:17 by amt
Stentorian, the inter Co fx adjustments wouldn't have come to the fore until the first set of Financials so not relevant at the time of the acquisition providing they were reconiled of course.
Acquisitions are always a very big risks so by and large this one has had a good outcome and I doubt anything else will come out of it now.
Compare with Bokus identity business acquisition which was a total flop and was resold causing their share price to fall a lot and recover sometime after disposal.
I can't get too worked up now. I have no doubt the share price will get back to where it was before by year end and then with huge potential power ahead in 2025. If that occurs I will have been enormously grateful for the opportunity to top up with very little risk.
Posted at 20/1/2024 04:12 by amt
When the share price was hovering around 2 quid I assumed that the market was not confident in achieving the numbers and that explained why the shares were so cheap. So the huge collapse in share price is like a double hit to me. So given that this set back has been caused by unforseen costs from the acquisition and a revenue recognition issue the share price reaction is absurd. Anyway I will buy even more next week.
I remember Celebrus had a big setback a few months ago and the share price went down quite a lot. Unfortunately I sold. A few months later the share price is up 50%. I wouldn't be surprised to see the same here after the interim trading update in July.
Posted at 18/1/2024 11:54 by 6gr
BGO has a 90-95% gross margin on sales, so it's no surprise that a smallish revenue miss becomes a big profit miss. There's been huge volumes today 5m+ so no surprise the wild swings on the share price Medium-term nothing has changed IMHO but it seems unlikely we'll be seeing a £2 or near share price for a while. Mgmt credibility was weak before this, but has now been eroded further, as they were claiming to hit target only months ago.
Posted at 25/11/2023 07:37 by lentjes
With UK tech stock massively undervalued compared to their US counterparts and with the BGO share price depressed if there are any whispers that the BGO story is to be believed and that the market expectations are to be achieved which would result in an immediate re rate of the share price then any predators waiting in the wings you would think would need to strike before year end or at least before the TU in early January

That said if the BoD truly believe in the story and the expected growth in the years to come they would swiftly kick any low ball offer back where it came from
Bango share price data is direct from the London Stock Exchange

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