Cab Payments Share Discussion Threads

[tomboyb] 24/10/2023 08:36

Looking at this again you'd have to wonder about ever investing in IPOs -

This sums it up on LSE -

Everyone involved in this IPO, and I mean EVERYONE, should be hauled in front of parliament and asked to explain exactly what happened here. If the PM has any intention of improving LSE and attracting capital inflows then listings like this need to be eliminated. If trading conditions deteriorated significantly during Q2 then it shouldn't have been able to price at £3.35 on 6th July.

[gypsyfortuneteller] 24/10/2023 08:24

And here’s a link to the stock exchange forum where the architects of this debacle are bragging about their expertise

www.lsegissuerservices.com/spark/8c3MN5Snhq2QpBrZmmVtfU/key-ingredients-for-a-successful-ipo

[tomboyb] 24/10/2023 08:17

Tiny punt below 60p -

Looks like a POS but see if it can climb back to 70p+ -

[johndoe23] 24/10/2023 07:58

Sold a while back I believe

[salpara111] 24/10/2023 07:53

I gave up buying new IPO's offered up by Private Equity several years ago after getting massively burned not once but twice....you would have thought I would have learnt the first time!
The last big one I looked at was Doc Martens....I just could not understand the valuation and it has proven to be so having lost over 66% since IPO.
I will still look at IPO's when they come from the actual original business owners.

[se81] 24/10/2023 07:27

Just like he did with Spirent :) Getting harder/more convoluted to maintain that air of infallibility in a pretty horrific bear market

Anyhow back to CABP- a 54% fall seems fairly harsh on the update- looks like the market questioning the validity of any numbers a la Finablr

[bigbigdave] 24/10/2023 07:17

Bet Robbie aka Naked Trader sold yesterday :o)

[aishah] 24/10/2023 07:13

Continous drift from float was a telling sign. Market sussed this.

[gypsyfortuneteller] 24/10/2023 07:11

Wowzer.

This was feted as the biggest and best ipo in london this year

Total con trick

The FCA is not fit for purpose. They regulate all the wrong things

[albert zog] 24/10/2023 06:53

Absolute humdinger

Massive revenue miss, with 100% operational gearing

Will be mullered

[gypsyfortuneteller] 24/10/2023 06:17

Massive profit warning.. another gold star for London IPOs

People should go to prison

[aishah] 20/9/2023 15:16

Entered FTSE 250 on Monday.

[johnv] 20/9/2023 11:24

243.0.p to buy, all those reds are buys.

[spwh100] 19/9/2023 17:29

Not known as ‘Bankers’; for no reason. Wouldn’t trust them as far as I could throw them

[eigthwonder] 18/9/2023 14:00

the conflict of interest is a non-story as the investment bank and asset management arm may have the same parent but are very much separate operations - in fact, any suggestion they were linked on day to day business would be a total no no regulation wise

[aishah] 18/9/2023 08:40

Eps fcsts: 2023 20p, 2024 31p
P/e 12.7 followed by 8.23

Likely to enter ftse 250.
Is the risk here the emerging markets in which it operates?

[johnv] 17/9/2023 11:19

Whopping sell of 4m on Friday.

[greenhat2] 30/8/2023 12:37

No I'm not joking and no I haven't read prospectus Can you clarify ?

[se81] 30/8/2023 12:33

Are you joking? Have you read the IPO prospectus? (or the additional information at the bottom of the TR-1s?)

[greenhat2] 30/8/2023 12:27

Bloody hell... Helios have taken 45% of CABP Is this a takeover ?

[greenhat2] 25/8/2023 10:41

CABP - Canaccord have put out a note mid august - "Importantly, we note this range is based purely on peer group averages and excludes any premium valuation that might be attributed to CABP due to its superior historic and forecast returns. We take the midpoint of the range (£1.5bn) to derive our 585p target price."

[greenhat2] 25/8/2023 10:37

CABP have been growing in revenue and pbt pre float and it's acting as though it's put out a profit warning h1 results out on 15th Sept will tell the tale Black rock recently took 6% Nearest comparable WISE ? WISE PE 60 vs CABP PE 17.7 Payment processors usually have a high PE think paysafe and world pay who used to be London listed I've loaded up my position today can't really seeing it going below what black rock paid 242 Black rock have put a floor on it I note that they are big in frontier markets The only real way for a processor to expand is by acquisition Emerging markets are really the final frontier for consolidation and CABP seem to have a good lot of the frontier covered with their offering