I've had a nibble this morning, a whiff of change rather than doing the same and expecting a different result could result in renewed optimism. At this price its worth a punt..imho |
Paid for failure! Everywhere in high corporate life… I see it all the time
D |
"The group looks forward to releasing its results on the 13 March" they state, giving me the impression they wont be a shocker!
Lets hope so, added a few more on the dip @57, GLA |
Heres my take:Current CFO very expensive.Cost cutting drive in progress.Polite words and internal replacement reduces their expenses.Shoring up will continue and hopefully better cost management |
Had a quick look at Rnss and can only 50k purchased at about 93p |
Do you know if he actually bought these 2m shares...or, are these Options that he has been awarded? Thanks |
Have you written to the Company? |
Well he has 2 million shares in the company. |
From the other site:
Maybe he finally realised that his sums don't add up!
He has spent the past 18 months approving numerous high salaries for so many "key "staff (all with fancy titles) to then realise that they now need to make 20% of all staff redundant.
He and the CEO have a lot to answer for. Under their watch things have just gone from bad to worse to terrible!
No doubt he will get a massive pay off so won't really care about what happens to the company nor the share price! - He has been paid handsomely for 9 years and now chooses to leave the sinking ship with an even bigger hole now thanks to his wonderful management of the purse strings! AIMO- DYOR |
Shocking!
Really thought this was an easy 20% plus. Not a deficit of almost the same
D |
when a cfo goes, you wonder what rot is underneath it all |
Well maybe we can get a good CFO now.9 years of disaster. |
Had some back here @62, looking for a recovery in the sp, GLA |
It's AIM, hasn't changed in all the years I've been here. Full of shady people. You do get some good companies though. |
Yep Mangrove Partners added |
This a new tr1 holding? |
Cape. This is a bulletin board frequented mainly by amateur investors.You raise good questions but this is not the forum.Emailhttps://cabpayments.com/contact/?team=InfoContact the company. |
Instead of (or maybe as well as) making staff cuts, why is no-one asking questions of the Board and Management? Questions like:
- what were the qualifications of the CEO that got him the job?
- what experience did he have of emerging markets, or FX, or payments?
- what research was done on why his previous firm failed?
- why was it considered appropriate to appoint someone who had only held the role of CFO to the role of CEO?
- what were the qualifications of the Chair to make such an appointment?
- why hasn't the chair spoken about this?
- what is happening to the culture of this organisation under what must be very trying times?
- who is managing this situation?
- why are the major shareholders staying silent about the whole situation? |
I thought that too. Their swift payments were down. Yes because it's easier and cheaper doing it another way They are atleast aware of that and implementing new business streams |
“Curious how they could have done so badly when other payment solutions providers have done so well. It surely must take immense effort to be as bad as this.“
The problem is Cab isn’t really doing anything different from the same old, very expensive and slow, cross border currency transfer businesses. It has a niche in Africa, that is pretty much it.
Compare that to Wise, also London listed and because it is doing transfers in a new way at incredibly low cost and fast speed, is trading at quite high valuations, even though listed on the LSE. There is so little chance of anyone being able to compete with Wise, other banks - eg Monzo, Standard Chartered - have given up and are using Wise’s platform.
I realise I will sound like I am plugging another stock. I am not - well not much - but the contrast between Wise and Cab is instructive IMO. If you can, dig out Money Week’s recent article on Wise which they think could become the largest company on the LSE. |
Oh well i expected poor numbers. These are now in the price.Glimmers of good news:Trade finance doubled and clients wins larger.Still waiting on US license news. That could be soon. |
i've removed frm my watchlist and will avoid, more profit warnings to come here. |
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