Cab Payments Share Discussion Threads

[theclangers] 23/8/2023 17:09

You could right, they soaked up 3 big sells of 245k today and the price is up!
They could of sold this short and now need the stock

[biggest bill] 17/8/2023 10:09

I have bought back in. A good sign is that the market makers don't seem to have much stock at the moment. Every buy I made had to be made at a slightly higher price than the last.

[biggest bill] 17/8/2023 08:10

I see that Canaccord have now set a price target of 585p. It hasn't stopped the share price from falling further.

[biggest bill] 17/8/2023 07:37

I have some concern that cabp's profits in Africa, especially Nigeria, might not be sustainable. On the plus side, the company is growing quickly and the forward pe ratio (by my estimates) looks very attractive. There is now no open short position above 0.5% which is another positive. However, I cannot find any independent broker analysis of the company. So I might be missing something. If the price stabilises, I might be tempted to go back in.

[banger] 17/8/2023 03:23

I think you’ll need to give it time, there’s not much value in looking at buys and sells. Better to investigate the Crown Agents Banks past performance, or was this just a whim purchase?

[biggest bill] 31/7/2023 08:26

I've sold out. Something very fishy is going on here. The pattern of buys/sells in this share look very odd indeed. With short positions starting to appear and the price stabilisation scheme due to end soon, I'd rather stay on the sidelines for now and see what happens.

[biggest bill] 20/7/2023 08:33

I've bought a few shares here. The current price is a big discount to the offer price and the price seems to have stabilised. Even at the offer price, the shares looked a decent buy. It looks as if the people managing the ipo completely messed up the launch but it has given the opportunity to get the shares at an attractive price.

[biggest bill] 17/7/2023 15:22

What's with the relentless selling here? I presume that it must be retail investors who got shares in the public offering and thought that they would make a quick profit. Despite the shares being oversubscribed, the share price has never reached the offer price and now these investors are cutting their losses.

[gemlotte55] 14/7/2023 16:03

Thanks r950557114, hopefully will perk this up a bit

[r9505571] 14/7/2023 15:59

Got a mention on the Twin Pete's investing podcast. Going to be a bit more coverage on the next episode

[gemlotte55] 14/7/2023 15:39

Not a great time since listing

[strollingmolby] 13/7/2023 17:03

CAB Payments is the holding company for Crown Agents Bank, the main operating company that is a trusted payments processing and FX brand.

CAB Payments is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets.





Material Shareholders following IPO:
40.92% Helios Funds
5.10% Employee Benefit Trust
4.77% Eurocomm Holding