Cab Payments Share Discussion Threads

[london07] 12/4/2024 16:45

Clearly the big boys building hefty positions before this really races away, IMO we haven't seen anything yet!

Hit 150p today. Shorters still trying to suppress the rise, they will have to throw in the towel soon enough.

Interesting year for CABP.

European license granted already.
US license to come in H2 24.

I would say CABP will smash the IPO price of 335p by the end of 2024.

[hazl] 12/4/2024 15:18

I am surprised I haven't noticed this one before to be honest.

[hazl] 12/4/2024 13:46

I think we only need one of those to be announced to get this having even more interest.



As did the European License.


imo

[hazl] 12/4/2024 13:42

Hmmm. Watch this space!

[hazl] 12/4/2024 13:41

'In 2023, we onboarded many high-quality clients, including Barclays, Inpay, Plan International and SNV Global, joining such institutions as Save the Children International, the Norwegian Refugee Council and PagoNxt/Santander.

We are confident they will go on to be important and valuable long-term relationships. We are in negotiations with several major financial institutions and expect some of these to begin operating with CAB Payments in the very near future. Successful progress in this client segment will be an important driver of growth in the coming years.'

Previous comments from CEO.

[hazl] 12/4/2024 13:25

Lunch time, normal softening.

Expect momentum to continue now more transparency, hopefully.

It was unnoticed in my opinion.

[london07] 12/4/2024 12:41

- Bhairav is one of multiple high profile, and experienced leaders brought in to lead CAB. A few of the others are: Ann Cairns (Chair), Richard Hallett ('CFO'), Joseph Hurley ('CCO'), David Mountain ('CPO'), David Parker ('CIO'), Richo Strydom ('CTO'), Noel Harweth (Director). If these names don’t mean anything to you maybe some of the team’s experiences do: President of international markets at Mastercard, Global Treasurer at Citigroup, CEO of Royal Dutch Shell, Chairman of Deutsche Bank, Director at National Australia Bank, CEO of Travelodge, CFO of Barclays Africa and senior roles at institutions like RBS, Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch, United Nations Migration Agency, and Discover Financial.

- THE EXPERIENCE, NETWORK AND KNOWLEDGE OF THIS BOARD AND EXECUTIVE TEAM IS MORE IN-KIND TO A $100 BILLION DOLLAR LARGE CAP THAN A $250 MILLION DOLLAR MICRO-CAP

This BOD is here to build something BIG. In a few years CABP could surpass £10 a share easily if they achieve their targets.

If CABP was listed in the US, it would already be worth a few Billion by now.

[london07] 12/4/2024 12:22

Remember 585p price target only several months ago, and at the time they said this is very conservative as CABP has huge competitive advantages (MOAT).

Just have to buy and hold,and reap the rewards. Crazy how it's valued so low. Oh well presented an opportunity of a lifetime.

[london07] 12/4/2024 12:16

CABP has unbelievable fundamentals when compared to current market cap.

To have no debt at all is pretty unique, how many premium listed businesses can say that!

Institutions have been quietly loading up, being artificially held down for many months.

One of them rare opportunities that come along once in a blue moon. Hardly any PI activity, totally under the radar, most PI's chasing rainbows on AIM Lol. However nice and steady with minimal risk, CABP will be multiples in months to come.

Remember free float is very very small, getting smaller by the day with institutions buying in, hence on small volumes it's moving up the gears.

[hazl] 12/4/2024 12:01

'Strategic Context

CAB Payments is a market leader in business-to-business cross-border payments and FX. The Group has a high-quality and growing client base, made up of G10 government entities, some of the world's best known international development organisations, global remittance companies, emerging markets financial institutions and, increasingly, major market banks with a global presence. The Group is a significant and growing operator in a large and expanding market and has excelled to this point due to the strength of its financial and technology network, along with strong global relationships, with both partners and clients.

While the Group is very capable in developed markets and more than half its volume is transacted in these currencies, its core advantages are most pronounced in hard-to-reach emerging markets, with a particular current emphasis on Africa. Continued success is dependent on a clear focus on what we do best, providing an unrivalled and cost-efficient service, and expanding our product set and geographic reach, in response to client demands.

CAB Payments has a number of significant growth drivers underpinning its long-term development:

· Large addressable market undergoing a shift to specialist providers;

· High-quality, diverse client base;

· Global network and infrastructure; and

· Multi-channel emerging market platform.

All of this allows us to move money where it is needed, resulting in a positive global impact.

Research supports the Group's view that the market for cross border payments is shifting from traditional global banks to specialist providers like CAB Payments. This provides a tailwind and an opportunity. CAB Payments expects to grow from here by exploiting this transition, increasing its client base rapidly through new sales channels, gaining market share and strengthening its presence in additional geographic currency destinations to diversify its income streams.'

Thanks to FT

[hazl] 12/4/2024 11:57

Those that seem to realise longevity when they see it,seem to be onboard
from looking elsewhere.

That makes me feel that not everyone is a short term trader, here.

imo

[hazl] 12/4/2024 11:48

Good for you.


Nice to have the opportunity when it floated at over 300p originally.

[mustau] 12/4/2024 11:45

Missed the lows but have been building from .90. Did not expect a 50% in a week.
Still got a few K to add but will wait now.

[hazl] 12/4/2024 11:45

Some people are calling it a cash machine.

I don't know.

But it seems very interesting indeed.
Has the institutions interested already.

[z1co] 12/4/2024 11:42

WOW just looked ta the price.

hazl that was great timing and well done

[hazl] 12/4/2024 11:40

Thanks Mustau for confirming.

You're timing even earlier perhaps?

8-)

[hazl] 12/4/2024 11:38

Ah yes."The Group remains debt free with no debt securities in issue, we are proud that our debt free and highly-liquid balance sheet enables us to move in an agile manner to seize on growth opportunities""

[mustau] 12/4/2024 11:37

Stated in their report.

Great timing haz.

[hazl] 12/4/2024 11:33

According to Plutus 1 on L S E the company has no debt.
He seems to be well informed.
Can anyone confirm?
Still researching here.

[luckygit] 12/4/2024 11:11

Nice. Keep the throttle fully open......

[lawson27] 12/4/2024 10:49

going vertical, you beauty :-)

[hazl] 12/4/2024 09:43

Please look after share for me.


8-)

[hazl] 12/4/2024 09:42

Impressive list of major shareholders.
Can't see Goldman sachs there, though he came up on a list recently.
Not sure of the date of this.
Have committments today but will try to pop in from time to time.

[hazl] 12/4/2024 09:26

Before it floated it was already successful, it seems to me.
It then had to comply with the UK rules.
'The Company as a listed entity needs to comply with the Listing Rules of the UK Listing Authority (the Listing Rules) for the first time.'

CAB Has grown since with the European License.
Recent annual report was available on the 5th.
Previous to listing.


'In 2022, CAB’s total income came in at £109,435, up 104.6% compared to 2021. Meanwhile, in the first quarter of 2023, ended March 31, the company said revenue was £41.3 million, driven by higher volume, increased average take rates, and new customer wins made in 2022.

Revenues are 145 per cent higher than in the same period last year, with March 2023 monthly results being the 3rd highest month on record,” the company said.'