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Thank you. When I have voiced the same been roundly ticked off
apropos if you're worried about the share price not going up just wait until the company is generating enough revenue to begin paying dividends then it won't matter. Afterall the point of having part ownership of a company is to share in the profits
Thanks for that info summary surprised and sorry not being able to reply before but without wishing to be downbeat my concern is the ratio of actual nett retained earnings to all that wonderful top line and prospects stuff. How much R&D and sales/marketing costs are required to generate the earnings which drive the share price which is why we are invested?
The current answer from Mr Market is that he is not impressed(!) and I am looking for reasons/information as to why and how that is going to change for the future or are we just left with a very loudly banged drum however impressive that may sound!
'... End User Spend has continued to see strong growth to $4.1bn, +71% yoy. Bango has seen high growth across major customers with Amazon Prime services, the launch of M365 and Game Pass Ultimate with Microsoft and global partnerships with NTT Data, KakaoPay and TPAY.
Additionally, Bango highlighted significant Platform momentum, with new multi-year platform deals signed, including Verizon, the leading carrier in the US which we expect to contribute more meaningfully in 2022 and beyond.
Bango’s fast growing subscription revenue business comes from multi-year platform agreements with major telcos like Verizon. The Bango platform provides the telco with a single integration point to launch multiple OTT services such as Netflix, Amazon Prime and Britbox.
demand for Bango’s platform licenses seems to be growing rapidly. At its strategy day it revealed that it had signed a total of five platform agreements already, three of which are with the top 30 non-Chinese telcos (including the BT and Verizon deals). These five alone are expected to provide annual recurring revenue of at least $7m by 2023.
....attractive growth opportunities lie ahead. This is demonstrated by the significant progress in the two new businesses. In both of them management has also shown the ability to spot market opportunities at an early stage, develop a platform solution to address them and implement a sales and marketing strategy to gain customers and market share. The shares are currently trading at an attractive valuation. Its CY22 EV/sales of 7.7x is at a 35% discount to the peers. We expect this discount to narrow on the back of robust execution, high revenue and earnings growth. We, therefore, reiterate our buy recommendation and 260p target price'
I suppose my disappointment / lack of knowledge / concern for the future with the trading update is that for all the drum beating, revenue growth, increase in EUS etc. annual earnings have hardly moved at all. EPS is why they do all of this stuff at the end of the day and is why we are invested.
What am I missing for 2021?
What are the anticipated earnings for 2022?
Why should the share price be 260p?
part copy of Broker Liberum note ..
Bango released its FY trading update this morning with strong revenue performance of $20.7m, +32% yoy (FY20: $15.7m). This pace of growth is ahead of Liberum forecasts and this strong growth has been driven by a combination of new customer wins and growth with existing customers, which we see continuing into FY2022E....
Adj. EBITDA is at least $6.1m which was in line with Liberum forecasts, and in line with last year, reflecting the planned, increased investment in R&D and sales & marketing to drive future growth. Bango closed the year with a net cash position of $9.6m (FY20: $7.9m)
Bango’s recent Strategy Day outlined the attractive growth opportunity in Bango’s Platform and Audiences businesses alongside the continued strong growth in the Payments business. Bango’s shares remain attractively priced at 7.7x CY22 EV/Sales and our 260p TP implies upside from the current share price.
https://twitter.com/surprised_trade/status/1480812725169238020
broker note out following today's TU with 260p target
Decent trading update though if anything I am slightly disappointed by the implied H2 figures - there’s little sign of anything other than trivial revenue from Bango Audiences to date. The business model is validated now, thankfully there’ll be no more nonsense about an inability to make profits. I like the reiterated vision of revenue being in the hundreds of millions. 2022 should be a big year. Will we see a Nasdaq listing? That would supercharge the share price.