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Thankyou Time2Buy for posting this.
Whilst he was honest enough to admit that in one respect they took their eyes off the ball, I am not convinced about the FX loss and when they knew about this. Surely a good accountant and accounts system would have had this flagged up as a potential issue a lot earlier.
If the management want to make a real statement, besides obviously delivering on previous pointers to where the business would be heading, it would be for them as a group to buy a substantial number of shares.
It's a very good read. honest appraisal without any rampy talk... that says a recovery looks likely in time.
Just noticed this so will take a look over the weekend but first glance seems to indicate the 40% drop was overdone https://martinflitton1.wixsite.com/privatepunter/post/bango-trading-update-19-01-24
... but it ain't gonna happen overnight.
Ignore that!!!!!!!!!
That makes sense. Nice to see someone posting something that is based a little on reality rather than the wishes/hopes of many punters. I admit I took a punt on Bango but when you do that you have to be prepared to lose big. Time will tell who makes money and who will lose by selling at the bottom.
Question - if there’s only 76m in circulation, who holds the rest???
I've pencilled in 150 for myself, unless something drastic happens (on a par with y'day). 'course, there's not going to beprofit takers to consider too, as the sp rises.
Oversold, think bottom is in. Could see a sharp uptick to 130p, directors should be buying IMO.
Apparently no raise is needed.
Dyor
Bango shares were 252p in March 2023.
So a 138% increase from today's price would equal the highest price that was achieved in the last 12 months.
Stuartrm I regret to inform you that there is something lurking in the background - a takeover bid, probably hostile and which will no doubt end up in a bidding war.....
GLA
Seems like it's bouncing now.........
Someone asked earlier if there is something lurking in the background because the drop seems overdone. Remember Bango only has 76 million shares in circulation which is a relatively small amount compared to some other companies where 250 million, five hundred million or even a billion shares is not unheard of.
The smaller number of shares can sometimes make the company vulnerable to larger share price movements.
Am fairly sure we'll see TR1s next week but it's looking like the sellers are now out.
Remember this, which was posted recently? https://bango.com/if-2023-was-the-year-super-bundling-took-off-2024-will-go-stratospheric/ It seems somewhat incompatible with the market reaction. Indeed, such a rapid share price collapse almost suggests that there is something else lurking in the background, or am I paranoid?
Thanks, iWantThatOne
Good summary, maybe you best apply to Bango for drafting of all future TU dates
So let’s see - is it reasonable to say that “underlying” EBITDA for 2024 should be at least the $5-6m done in ‘23; plus the $1m for the FX issue that will unwind; plus $1m for the legacy cost of sales that won’t recur; plus $10m expected courtesy of the DOCOMO acquisition and integration? That’d be $17-18m. And that ignores improving margins due to the DOCOMO platform decommissioning plus any natural growth from deals completed in ‘23. And that assumes no other growth in revenue. So “underlying”EBITDA should still be excellent. The fact that the company is choosing to reinvest much of the free cash flow to boost future returns, given the once in a lifetime opportunity to capture the market and build a unassailable position, doesn’t deflect from this.
With the amount of stock trading hands we must be due a couple of holding RNS early next week, be interesting to see who the runners and riders are and if any of the LTH institutional guys have decided to bail out, also if NHN increase their grip at such a low SP
Waiting for entry on the next leg down
Lost out on trying to trade it y'day so having a second go to at least recover those losses.
105/6 seems stable now, unless there are more buyers waiting in the wings but doesn't look likely.
guess we'll see!
Yep - topped up this morning. No regrets. Got to be the most overdone reaction ever. Makes no sense at all.
According to the article the guy who tipped Bango at 191.38p (Andrew Hore) was doing it from his sickbed. I can't see him recovering any time soon after today's fiasco. Sympathy to long term SH's
Oversold ? £5 k top up for me
I'm another one who topped up at 128p. Thought the fall then was overdone. Down over 40% seems ridiculous!
I too was looking to get in around 125, fortunately I got distracted and so managed to get in at 106. I am not sure if that is going to be good or not.