Cab Payments Share Discussion Threads

[greenknight1] 01/8/2024 09:22

It's absolutely true. You can't fight the big boys. If they want it down it will go down. Once they are happy with the price it will consolidate for a while then maybe a run back up. Question is, how low do the boys want to take it down?

[francoismyname] 01/8/2024 09:21

Sure it does NOT work like that on say Barclays shares that If someone sells 100,000 shares in rapid succession in 1000 chunk sales it forces there share price down and is not offset by just one buy for 100,000 shares.

Corruption knows no bounds here.

[hazl] 01/8/2024 08:35

Good post francoise.

[hazl] 01/8/2024 08:35

Ah the sentiment improves.



8-)

[francoismyname] 01/8/2024 08:31

The positives for Cabp.

We have seen the fall from 3.35 IPO price to 92p where we are now. A 73% fall.

It seems very much over done and Cabp looks a bargain at these prices.

Positives

As mentioned it’s top 5 trades are now accounting for only 32% of business instead of 49% previously. Becoming more diversified for income streams is a very good thing.

Still delivering a very healthy profit. Companies like THG been going for may years , valued at circa £800m and not delivered a profit as yet.

European licence has been secured and surely drives future earnings.

USA licence In the pipeline and fantastic if secured this year.

Move to central London a very good thing. Can reach a pool of more skilled banking and fx dealers in the city.

New CEO will want to prove himself and deliver share price increase whilst in his tenure.

Again I repeat a 73% fall seems a tad over done.

[hazl] 01/8/2024 08:24

I am pleased with the renewed interest here.

Well where it matters the trades!

[francoismyname] 31/7/2024 18:21

Was up 5.5p at one stage today.

No way were they allowing that to happen.

[sbb1x] 31/7/2024 08:16

2 green days in a row.

[francoismyname] 30/7/2024 15:38

Alleluia!!!

[greenknight1] 30/7/2024 06:31

Will it be 20 consecutive down days today. It's incredible really.

[francoismyname] 29/7/2024 15:37

19 consecutive down day confirmed .

All kinds of records being broken.

Corruption knows no bounds.

Should be in jail

[hazl] 29/7/2024 10:44

Took you a while.


8-)

[francoismyname] 29/7/2024 10:22

Looks like 19 conservative down days.

One piece of good news maybe missed from the last RNS was ;

“Gross Income has diversified. Top 5 currency corridors accounted for 32% of Gross Income in H1 2024 versus 49% in H1 2023”

This I believe is very prudent. Instead of all your eggs in one basket it makes great sense to have them well diversified. In the long run this will help deliver consistent returns and please the market.

[francoismyname] 29/7/2024 06:56

Are we on for 19 consecutive down days.

[francoismyname] 28/7/2024 10:38

Could do with making a few redundancies at the new HQ. Show the market they are cutting their cloth accordingly and are serious about keeping costs under control.

Can’t just go on adding new sales staff ref “ expanded sales force” as per the recent RNS, without looking at the cost base.

Time to become a proper business.

[hazl] 28/7/2024 10:08

There seems to be quite a bit of resistance here so as I haven't got the time I hoped for researching (on anything) this weekend, I will just say that it is still speculative for me.
I haven't put a lot in and the two statements from the Sharecast article commenting on Cannacord rating, sums up my attitude really and why I might give them a chance.

'

The Canadian bank said it was "disappointing" that short-term performance had fallen below its expectations but stated it was supportive of the strategy of continued investment in building out the platform, for what it believes to be a "valuable strategic asset".

'
"If CAB can deliver against revised expectations, consistently, then the upside could be significant, hence we retain our 'speculative buy' rating," added the analysts.'
Thanks to mw for posting'

[hazl] 27/7/2024 12:43

It would certainly help if they purchased shares.

[hazl] 27/7/2024 12:20

Outlook for 2024:

The business is now on a more balanced trajectory with 2023 proving to be an exceptional year. The Group also believes that in 2024 there are no significant tailwinds in its major corridors.

As a result, the Group expects Total Gross Income for 2024 to be marginally down compared to last year, while continuing to demonstrate double-digit growth in its underlying Transactions business (beyond the 2023 top 3 corridors).

It is anticipated that Gross Income will continue to rise in the second half due to seasonal volume uplifts, new products, and network and geographical expansion, creating higher operating leverage in H2.

[freedomexpress747] 26/7/2024 18:46

Good sector, good business model, could be a buy medium term... what's worrying is the weak management...should sell the business to a bigger player

[francoismyname] 26/7/2024 17:15

18th consecutive down days.

Must be some kind of record.

Reported yesterday to FCA

[muffster] 26/7/2024 09:36

Hazl, they keep saying income up 20%, then saying income.expected to drop. Its so poorly managed