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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Cab Payments Holdings Plc | LSE:CABP | London | Ordinary Share | GB00BMCYKB41 | ORD 0.033 1/3P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.40 | 0.29% | 136.20 | 401,926 | 16:35:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 135.80 | 137.20 | 143.60 | 136.40 | 143.60 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | 120.32M | 30.7M | 0.1208 | 11.34 | 348.18M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:24:13 | O | 1,064 | 136.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 26/4/2024 | 15:53 | UK RNS | CAB Payments Holdings PLC Director/PDMR Shareholding |
| 09/4/2024 | 18:24 | UK RNS | CAB Payments Holdings PLC Holding(s) in Company |
| 09/4/2024 | 14:19 | UK RNS | CAB Payments Holdings PLC Holding(s) in Company |
| 05/4/2024 | 12:45 | UK RNS | CAB Payments Holdings PLC Annual Report 2023 and Associated Documents |
| 04/4/2024 | 09:28 | ALNC |  CAB Payments sights opportunity as it expands into Europe |
| 04/4/2024 | 07:00 | UK RNS | CAB Payments Holdings PLC Granting of European Licence |
| 28/3/2024 | 12:11 | UK RNS | CAB Payments Holdings PLC Director/PDMR Shareholding |
| 26/3/2024 | 16:15 | ALNC | EARNINGS: CAB Payments profit drops, Life Science REIT cuts dividend |
| 26/3/2024 | 07:00 | UK RNS | CAB Payments Holdings PLC Preliminary Results Year Ended 31 December 2023 |
| 15/3/2024 | 15:50 | UK RNS | CAB Payments Holdings PLC Holding(s) in Company |
Cab Payments (CABP) Share Charts1 Year Cab Payments Chart |
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1 Month Cab Payments Chart |
Intraday Cab Payments Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/4/2024 | 19:16 | CAB Payments Holdings plc | 636 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 28/4/2024 09:20 by Cab Payments Daily Update Cab Payments Holdings Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker CABP. The last closing price for Cab Payments was 135.80p.Cab Payments currently has 254,143,218 shares in issue. The market capitalisation of Cab Payments is £348,176,209. Cab Payments has a price to earnings ratio (PE ratio) of 11.34. This morning CABP shares opened at 143.60p |
Posted at 02/4/2024 13:29 by the millipede Maybe. This has been a very good trade for me so far. But two big risks for longer term:1/ Helios, which owns 45%, have said they want to sell out by 2025. This potentially creates a massive overhang, drag on the share price. 2/ Nigeria. We still don’t really know what the problems are that led to the previous announcement and share price falls. True there is a lot of money there. But also corruption, killing, and inability to exploit resources. Nigeria is not anyone’s go-to investment arena right now, or ever. BWDIK |
Posted at 20/3/2024 12:18 by london07 CABP reminds me of YU Group.YU has done 8x in l8 months Remember broker share price target in Aug 23, just several months ago was 585p |
Posted at 07/2/2024 17:18 by london07 Darktrace on lower growth than CABP has a P/E of 50+.If CABP had a similar P/E share price would be £8+ 🤯 On pure fundamentals, handsdown CABP is one of if not the lowest valued companies on FTSE I'm sure this huge disconnect won't last much longer |
Posted at 05/2/2024 06:41 by popit The Seeking Alpha article shows the many huge risks of investing in CABP1. There is a huge number of shares waiting to be sold by Helios which will continue to push the price down 2. The lock up period has now ended and this will create even more selling pressure 3. The huge risks due to their operating in corrupt countries in Africa 4. The huge risks from parallel markets in Africa 5. Competition for CABP has not even started yet. They are currently enjoyed early mover profits but that will end very soon when the competitors start to move in. The Seeking Alpha article uncovered over 50 competitors such as Western Union that will take away CABP future revenue and earnings. And that is only a very few of the many risks that were mentioned in the article And there are many excellent banks and other companies on lower valuations than CABP The main UK banks are all trading on lower valuations than CABP for example and they are also paying high dividends So not much reason to take all of these risks with CABP when you can get a lower valuation with Lloyds or Barclays and far less risk Would not be very surprised to see CABP retest the lows at below 50p |
Posted at 02/2/2024 07:47 by foreverbull Https://seekingalpha |
Posted at 22/1/2024 13:44 by london07 Check this out for share price manipulation.Share price earlier at 86.80p Bot kicks in, less than 20k sells in the space of 3 minutes, boom, all the way back down to 84.50p 🤣 Shut this casino down. Cannot believe how the HF get away with it, just day light robbery. Absolutely no point robbing banks anymore, you can just do it legally without ever being held to account. Better than crypto this. Wrote into the FCA at the weekend, numerous other investors I know are doing the same. Its illegal what's happening on the LSE, esspecially the short and distort. S&P 500 Average value is 20x PE. On the FTSE, must be like 4-5 if that. Look at BP, one of our biggest companies, PE is 4x, Chevron is 11x. This is just 1 example. CABP should be 20x plus in the US easy with the growth rate and MOAT, probably on 5-6. What is the point. No wonder many investors and companies are fleeing to the US and elsewhere. |
Posted at 15/1/2024 19:02 by popit Everyone knows that the results tomorrow will be good as they have already said that there will be 17% growthThe main problem with CABP is that there is no moat to their business model and it is just one of many thousands of Fintech companies that basically do the same thing of transfer money and payments on an app Any excess profits that CABP may be making at present will be very easily eroded away in future years by new entrants to the markets where CABP operates At the end of the day CABP is just a bank app and it is on a forecast PE of about 10 When you consider that Lloyds and Barclays are on a forecast PE of about 5 it is not difficult to see that it would be wise to take any profits on CABP before the market inevitably decides that CABP is very overvalued in comparison to these other banks The other main problem with CABP is that it is very dependent for its profits on very high risk countries in Africa such as Nigeria Nigeria is not exactly known for successful businesses but it is well known for very high levels of business fraud and corruption This is not a successful long term business model Take any profits and avoid |
Posted at 15/1/2024 14:25 by london07 Revenue Growth 37%Share Price Target 585p Revenue Growth 20% minimum Share Price 92p 🤣🤣&# What a corrupt and stupid market. Expecting a BIG BIG gap up. |
Posted at 12/12/2023 08:54 by francoismyname Think we may pop today . Seems primed.Remember first day of trading at £3.35 only months ago. 55p seems ridiculous now and well overdone. hxxps://www.investin Cab Payments (LON: CABP) has disappointed its IPO investors by sliding 10% on its conditional debut. The full debut of the stock is set to occur on 11 July. The payments and forex giant decided to IPO in effort to boost UK capital markets. The sell-off on the first day comes as no surprise as the UK markets are facing headwinds from the rising inflation. The benchmark FTSE 100 index fell to its fresh 3-month lows after sliding 25 points in the last trading session of the week. Cab Payments Raise £335M In IPO As per the latest news, the holding company of Crown Agents Bank has raised £335 million pounds ($426M) in its IPO. The past few IPOs in the UK have been very disappointing. Consequently, many new tech firms are opting to get listed in the US. Cab Payments IPO was priced at 335p. However, the share plummeted 10% on the very first day. This drop in the Cab Payments share price can be attributed to the track record of the recent UK IPOs as well as the current market conditions. The benchmark FTSE 100 index hit its lowest level since March 20 today. Cab Payments Share Price Rebounds 2.89% After a disappointing first trading session, LON: CABP turned green on Friday. Till press time, the shares were changing hands at 311.7p, which is 2.89% higher than yesterday’s closing price. The technical analysis of such a new listing is not possible due to no price history. |
Posted at 30/10/2023 08:34 by masurenguy What a disaster ! Fortunately I've never been invested here preferring alternative money transfer and processing companies focused on the UK and Europe. If there is to be a turnaround here they will need to upgrade management credibility by making some key changes. At this price it goes on my watchlist to see if it can recover from such a low valuation.RC Brown fund manager Oliver Brown is deeply unhappy over the collapse of CAB Payments’ share price, after investing in the fintech firm at this year’s flotation. Brown managed to escape the full catastrophe of the stock’s 76% share price drop this week, however. Having held the company as a 0.8% position in the £13m MFM UK Primary Opportunities strategy, he sold the position last month. That saw him bail out at £2 a share, well below the issue price of £3.35 but nowhere near as severe as CAB Payment’s current price of 51p. Larger shareholders and prominent fund firms including BlackRock, Fidelity Management & Research (FMR) and Amati are expected to have borne heavier losses. ‘The situation absolutely stinks. This stock has been hammered more than anything I’ve ever seen on the FTSE 250,’ Brown told Citywire. ‘The business was growing very quickly. Revenue went from £34m in 2020 to over £100m in 2022. That was the attraction of the IPO [initial public offer], even if we knew this huge level of growth couldn’t continue.’ He added that the company had given guidance of 40% growth over the next three years and that RC Brown felt the valuation would rise. CAB Payments launched on the London Stock Exchange (LSE) in July, initially valued at over £840m, although its shares soon started to fall. The firm specialises in helping businesses make payments to ‘hard-to-reach markets’. However, a profit warning earlier this week highlighted that ‘ongoing uncertainties’ in the Nigerian naira (one of its key currencies) were impacting both volumes and margins. As a result, the company reduced its revenue guidance for 2023 by 17%, causing its shares to go into freefall. The firm’s market value now sits at just £130m. Over-reliance on Nigeria Brown, whose fund specialises in investing in UK IPOs or equity raises, admits that there were clear risks with CAB’s focus on a few key markets, especially the reliance on Nigeria as a profit driver. ‘There’s a danger of stuff like this happening,’ he said. ‘You don’t have great visibility on African central banks from the UK. ‘I spoke with the company a few weeks ago, and at that point, it had changed its guidance and said 40% growth was looking more like 30-35%.’ Inflation in Nigeria has reached an 18-year high of more than 25%, prompting several interventions by a newly-appointed central bank governor. Another investor, who did not wish to be named, suggested that inflation was being stoked in the region by aid agencies using up their annual budgets with a ‘use it or lose it’ approach. Claire Trachet, founder of eponymous tech M&A advisory firm Trachet, highlighted a chain reaction in the payments sector that led to CAB’s decline. She noted that French payments behemoth Worldline lowered its full-year targets on Wednesday. This caused its shares to more than halve, with further reverberations for counterparts like Nexi and CAB Payments. ‘The payments sector experienced exponential growth during the pandemic due to the reliance on digital payments, and valuations soared as a result,’ Trachet said. ‘However, these have been dealt a significant blow due to the continuous rising of interest rates, alongside a notable drop-off in global fintech deal funding.’ Brokers slash estimates The deal was brought to market by JP Morgan Cazenove and Barclays, with STJ hired as an advisor. Peel Hunt, which acted as a joint bookrunner alongside Liberum and Canaccord Genuity, put the stock ‘under review’ this week having previously had a target price of £4.75. Liberum downgraded its recommendation from ‘buy’ to ‘hold’ this week, slashing its target price from £4.80 to £1. Analyst Nick Anderson believes there is ‘still a good business’ underneath, despite the market contagion. ‘While all profit warnings are unexpected by definition, CAB Payments’ warning so soon after the IPO has raised question marks over management’s credibility and the visibility of underlying revenues,’ Anderson said. With such a downgrade in growth expectations, investors in CAB Payments will question whether the information given to them was legitimate. ‘Peel Hunt did say there would be seasonality in the area the company works in, but it didn’t make it clear that it would be to this degree,’ Brown (pictured above) said. ‘This is much more volatile than I, or the market, anticipated.’ An FT column earlier this week highlighted an awkward advantage to listing in the UK over the US: the lack of class action lawsuits when newly-floated companies miss their numbers. However, Brown questioned whether the ability for shareholders to construct a case would make much difference. ‘Let’s say shareholders sued for negligence,’ he said. ‘That’s more than £400m to give back. Who’s paying it? Peel Hunt can’t, although JP Morgan might be able to. You would have to prove fraud or negligence, which would be very difficult. ‘There’s fault on both sides,’ Brown added. ‘I’m hopping mad with myself, and I’m hopping mad with the advisers.’ |
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