I agree someone needs to go. The new CEO is 6 months in so can’t be him but that Ann Cairns as our chair woman is a waste of space . Been there since the start and delivered nothing. She loves doing Sunday Times articles saying how great she is and how she will turn things around. She is like a bad smell. Just get shut of her . |
let the US license do the talking -Helios clearly wanted more, nice try |
I don't believe that. Helios would of told them 6 weeks ago that 145 wasn't acceptable. It's more likely they found something they didn't like. It's never a good look when the bidder pulls out.
That plus throwing in a profit warning last week didn't help.
Wouldn't touch this now unless there was a change at the top. |
The deal was really between SToneX and Helios. We were all just bit part players.
It could just as easily have been Helios off record telling StoneX £1.45 doesn’t cut the mustard and its way to low an offer and StoneX with that information thought not worth bidding to save face. |
Can you expand please. The 80s is a good point to reenter for me, I will keeping a close eye on this. It has potential, my only concern would be due diligence by stoneX and did they find anything they didn't like and any warnings from CAB on growth or profitability |
I think they going to 30-40p in next 8 weeks |
I can't believe these have fallen to this level.
I'm in! |
Hey Francoise, you called it right. Well done.I stuck to my plan and added more.Reassuring statement this morning from the Company. |
Directors surely should be buying In here.
If they truly believe in their new strategy then 84p is a bargain. |
Added 10k earlier.... will sit back and wait for things to progress. |
Market cap just over £200m now.
Not may banks , with no debt and fx licences in major areas of the world available at that price. |
Bargain territory now |
Good idea, keep buying all the way to 40p, just keep repeating that "Simply Wall Street" 243 target. Management have such a great track record and of course they will deliver that US banking licence on time as promised...
On a serious note. I'm out. Took a punt on the bid actually being genuine and it didn't pay off. Good luck all. |
It's almost as if people don't take what Simply Wall St say seriously |
Well that me in for another 35k at an average of 92p
Market cap £225m.
Will rise from here in coming days/ months. |
I see Bigwadds has posted but I reinforce the sentiment.
'The Board of CAB Payments is highly confident in the Company's strategy and is pleased with the strategic progress being made. This is expected to drive attractive, sustainable growth from 2025 onwards underpinned by four strategic pillars:
· Network - strengthening the breadth and depth of network
· Clients - deepen existing relationships, expand the client base
· Platform - leverage the banking licence to accelerate FX and payments volume growth
· Invest and innovate - disciplined capital management to drive growth
The Company will provide an update on its 2024 full-year trading performance in January 2025.'
imo |
Why is it in the 80's when Simply Wall Street have a 243 target.... |
I'm not sure we will drop too far as we have dropped a long way from the £1.45 offer. We will find out soon. |
If we are led to believe StoneX were interested in Cab at £1.15, £1.25, £1.35 and around £1.45 , then £1.06 seems very very cheap.
Anything below £1.06 is a steal. Get ready for a bun fight to get hold of shares early doors if you can get any. Could be Helios told StoneX off record £1.45 was a non starter and didn’t cut the mustard and StoneX walked away on that basis |
Nice response from CABP today - Good riddance StoneX....
7 November 2024
CAB Payments Holdings plc
Response to statement from StoneX
CAB Payments notes the announcement by StoneX Group Inc. ("StoneX") confirming that it does not intend to make an offer for the Company. As a result, StoneX is bound by the restrictions in Rule 2.8 of the Takeover Code.
The Board of CAB Payments is highly confident in the Company's strategy and is pleased with the strategic progress being made. This is expected to drive attractive, sustainable growth from 2025 onwards underpinned by four strategic pillars:
· Network - strengthening the breadth and depth of network
· Clients - deepen existing relationships, expand the client base
· Platform - leverage the banking licence to accelerate FX and payments volume growth
· Invest and innovate - disciplined capital management to drive growth
The Company will provide an update on its 2024 full-year trading performance in January 2025.
For further information, please contact: |
SHOCK, HORROR, SURPRISE !!
You could tell it a mile off. The corruption was disgusting and let’s hope the FCA and SFO really look into it.
Glad it out the way to be honest. Let’s get back to normal trading. On the BOD to start delivering. New CEO had 6 months. Our current market cap of £260m .
For that you are getting
No debt company
Sought sfter banking licence
Profitable company
Visa deal
European licence
USA licence incoming
MENA licence incoming
Fx derivatives incoming
New central location attracting better staff and clients
New strategy from new CEO out to prove himself.
I’ve got a few quid so will buy the dips . Wouldn’t surprise me we finished levels today as loads will buy in for sure and £260m a snip and we are free from the bid manipulation . |
If someone offers you £145k for a house which is on the market for £107k, why would you not take it?
....unless you know the real value of the house will be worth much more than £145k with a few improvements.
Bring on £165k+ soon |
Fair enough! Just felt the US license would tempt them and they would make a later bid. Back to the 80s now...balls! |
Unfortunately francoismyname was correct, big holders have been selling for days knowing there was going to be no bid. Absolutely stinks, as always insider trading as usual.
Guessing it will slam dunk down now after the latest trading update. |
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