Cab Payments Share Discussion Threads

[hazl] 09/8/2024 08:18

Certainly a lot of trades today.

[hazl] 09/8/2024 07:49

What do they say ?



'The trend is your friend'.

[hazl] 09/8/2024 07:48

Absolutely.....go with the trend.

[devonlad] 09/8/2024 07:38

Bid approach? Bought a couple of day’s ago, been constant bot buying, not complaining though!

[babbler] 09/8/2024 07:35

Feels leaky... Either way...lovely lovely.

[francoismyname] 09/8/2024 06:29

£1.20 plus today anyone.

People finally recognising we are so undervalued.

£1.65 only 2 months ago.

When USA license hits it goes to £2 in a flash.

[francoismyname] 08/8/2024 15:48

Closed on the high of the day.

Tomorrow should see a nice , decent rise.

[francoismyname] 08/8/2024 06:59

More positive movements days would be welcome.

Undervalued by at least 100% at current prices. £2 minimum valuation now.

[hazl] 07/8/2024 15:11

Shares are about the future....not the past.
So the outlook is the important thing !

[hazl] 07/8/2024 15:10

Ah it's great that people are seeing value here again!

[muffster] 07/8/2024 13:58

It will get there Francoise, if we have a well managed business. The last 2 updates read:Income down 22% due to NairaThen profit falls over the year.Fair value here, according to a very clever DCF on Simply Wall Street is 5 pounds

[francoismyname] 07/8/2024 12:22

Pleasing day but so much more to go one feels.

Decent profits - no debt whatsoever, going into new markets, going to new offices.

Should be circa £2 for me right now with so much potential unlocked.

[muffster] 06/8/2024 15:10

Sorry can you repeat that

[francoismyname] 06/8/2024 12:59

£24m profit after tax last year which includes £21m of non recurring expenses.

£45m profit if non recurring didn’t happen and shouldn’t happen in 2024. Margins slightly down etc but let’s say we hit £35m profit after tax/ no of shares 250m gives a EPS of 14

PE ratio of 89p/14p =6.3

All still seems ridiculously cheap.


I repeat again as well NO DEBT

[hazl] 06/8/2024 09:18

Nice recovery.

[francoismyname] 06/8/2024 08:08

Good to see a positive day.

We all know it can string quite a few of them back to back with a bit of a tail wind.

Still massively under valued.

Still good profits.

No debt I repeat NO DEBT.

Customer base growing.

Diversification to more consistent results

New EU licence

Central London offices attracting better employees and new clients.

New CEO looking to make his mark.

USA licence hopefully before year end.

From £3.35 to 87p seems well over done with some of the positives going on. There are plenty of businesses out there valued so much higher and making no profit at all and years until they do.

Surely a takeover if it stays at this lowly price or even dividends will be the order of the day in the coming year.

[muffster] 05/8/2024 19:13

My bet is that the head of compliance buys in again...rinse repeat.Funny how the head of compliance is even allowed to trade these

[francoismyname] 05/8/2024 10:40

Now just being valued at a £200m market cap , which is so low. Remember as well Cab Payments is DEBT FREE.

Should see directors buying here if they have as much confidence as me.

Be interesting to here in early Sept from the new CEO if USA licence still on course for this year and what good things have come out of the new European licence.

From £1.65 to 83p in the past 3 months seems so over done. A full 50% retrace. !!!

[francoismyname] 02/8/2024 16:13

Good shout over on LSE.

Expect better communication at the company going forward and more positive insights.

New CEO making his mark.

[francoismyname] 02/8/2024 13:41

Dipped in again this morning and bought another 13367 shares.

Price is too low for me. Profitable , no debt , I repeat no debt, new European licence , new London office attracting better employees and possibly more business being in central London.

Feel as though I missed a trick though. Should have bought 13 lots of 1,000 shares at the same time and pushed the price up in the same way the sell side force it down with multiple small sells.

[muffster] 02/8/2024 11:02

It's the poor statement and mismanagement that's caused itWould also seem to indicate the their compliance office was trading in and out of the moves

[hazl] 02/8/2024 09:38

Agree.

It is the general market today I think you'll find.

Only 13% of the market rising last time I looked.

[francoismyname] 02/8/2024 09:06

The positives for Cabp.

We have seen the fall from 3.35 IPO price to 87p where we are now. A 74% 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 74% fall seems a tad over done.