Cab Payments Share Discussion Threads

[francoismyname] 31/10/2023 14:17

An afternoon push from the yanks would be appreciated this afternoon.

Volume seemed to pick up and price yesterday around 2.30pm to 3pm .

[sbb1x] 31/10/2023 11:31

The trend is your friend.... going well here

[stockhunters] 31/10/2023 10:13

interesting sector aswell with crypto spike

market getting it wrong?

[francoismyname] 31/10/2023 10:07

Volume and price looking very good. Could be the start of a little re- rate. Still have in my mind that £1.30 above as fair value

[francoismyname] 31/10/2023 09:36

Great volume - 60p already paid today - keep it going please

[francoismyname] 31/10/2023 09:31

Someone posted on LSE that after the guidance miss last week we actually opened up at £1.30 first thing and then it got hammered again down to 60p that day and then fell from 60p to 50p the following day.

I find it interesting that for the 17% decline in revenues the market makers thought £1.30 was a fair price for the share to fall first thing when the market opened. Then obviously after 8am the market took it down rapidly.

However it’s a useful marker for me that £1.30 was originally deemed acceptable for the decline of 17% revenue.

[tsmith2] 31/10/2023 09:20

could well have been.director purchases should be called for

[tomboyb] 31/10/2023 08:31

Moving in right direction -

[francoismyname] 31/10/2023 08:14

Another strong day please.

60p plus would be just fine.

[se81] 31/10/2023 07:51

I think you'll get a big (bigger) move up when the insiders put their hands in their pockets- have to say I'm surprised it hasn't happened yet- anyone know if there are any restrictions?

[francoismyname] 30/10/2023 20:04

A big follow through with positive price action tomorrow would be most welcome.

Hopefully regain a bit of normality and head closer to a £1 at least

[tsmith2] 30/10/2023 16:27

Burst of volume activity around 3pm - seller cleared?

[francoismyname] 30/10/2023 16:24

Nice to see todays positivity.

The start of a trend up let’s hope .

[sahina123] 30/10/2023 15:32

Will bouce above 60 pence

[francoismyname] 30/10/2023 15:13

Be nice to get a kick on here.

So undervalued and the downside has been so over done.

[francoismyname] 30/10/2023 14:13

Cheers. One point I disagree on ref your 3 points is massive change needed now at BOD level. I’d rather the likes of Cairns stays to try and put things right. She seems like she will be determined and on a mission to get things improving. She will be hoping to do another TIMES article in 6/9/12 months showing how she has turned things around.

[baldguvnor54] 30/10/2023 11:53

Thanks for post- in my career in the City I have been involved in 100's of IPOs (adviser/ investor/ board member)- if I have an agenda it is hoping that the UK IPO market can somehow get back to life. I therefore am always interested in those quality IPOs that come to market (starter for 10- can we think of any recently?) equally those that crash and burn- and working out why that happened (and depressingly there are a few similarities- no new money for the company- PE taking all the proceeds- hard to really understand business model) and also what it takes to turn a company that has crashed after IPO around (hence my three points of earlier). And I fully accept any charge of "intellectual arrogance" in thinking that I could perhaps add to the debate on CAB through my experience/ predjudices. Anyway- enough already- best wishes all.

[francoismyname] 30/10/2023 11:42

Baldgovernor take your point but always suspicious of anyone who out of the 1000’s of companies you can post on , singles out CABP and persists with negativity on the boards.

In my experience no one comes in here or any other board without an agenda. I include myself in that by the way.

[baldguvnor54] 30/10/2023 11:24

Dear Francois- you can of course think what you like, reality is I know a bit about the company, was not surprised it has crashed (a bit like my old postings on Quindel, and THG). And having retired I have a bit more time on my hands. If anyone thinks that anything posted on this BB makes the slightest bit of difference to the share price they are probably misguided (so no point in having an agenda). I quite understand that those who are fans of the stock will play the man not the ball- such is the joys of BBs! But no agenda- no shares- no short positions- but some interest (and so far I am not sure what I have said that could have upset anyone!).

[francoismyname] 30/10/2023 11:13

For someone who holds no shares Baldgoverner you appear to want to comment an awful lot on this stock.

Everyone has ulterior motives on these boards and I suspect you are no different. No posts at all for 4/5 months on any of these boards and suddenly 6 posts in a couple of days only here . Are we led to believe you are doing it from the goodness of your heart. I think not.

[baldguvnor54] 30/10/2023 10:24

The parallel exchange rate is still over 1,100 to the $. And therein is a lot of the issues CAB is dealing with (together with the controls around the african franc). African politics is volatile, and that is unsurprisingly impacting exchange rates and business.

[baldguvnor54] 30/10/2023 10:16

In fairness, praise to Cairns in fronting up for the Sunday Times piece- that will have taken a degree of nerve- usually in corporate disasters the NEDs are to be found hiding behind the sofa and not sticking their heads above the arm-rest.
I suspect they had hoped the article may have had more of an impact on the share price- it does look to have encouraged a few private client purchases, but the price is still back around 50p.
In order to get serious institutional buying (without which I suspect the price will remain becalmed) the probably needs to be 1. Some hard numbers which shows the decline in business has been reversed, and 2. Some Board changes- the speed of the collapse in business doesn't inspire confidence that controls are as strong as they should be, and these will all take 3. Time.
I fully understand why those who hold the shares are excitedly predicting a short term bounce (and we may see a few dead-kitten-bounces) but we all know that recovery from such a corporate calamity takes time, and real evidence of change. With all respect to Cairns she did nothing to give confidence that change was on the agenda.

[london07] 30/10/2023 09:23

Still 20% growth this year

On just 2x EBITDA

Must be one of the most undervalued shares on the FTSE when looking at earnings multiple.

Crazy markets

[francoismyname] 30/10/2023 08:40

Good article and the main point to take away is there is still a good business there.

“ Analyst Nick Anderson believes there is ‘still a good business’ underneath, despite the market contagion.”