Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Nothing new, how it’s always been. Matters little to me. When I sell my holding this will have a market cap of many times today’s value and the pony market maker will be history.
With such little movement in share price recently and the high spread, what do we think the cause of that is?
Higher or Lower forecast $53.5m!??
“Is that a ‘2’ I see there Bruce? I’ll go higher.”
ST - 10th Sept 2021 price target 260. The same Simon Thompson that has tipped so many clangers over the years including BATM (Feb 2 2021 - target 170, current 19). Giving up subscribing to that mag/rag has saved me losing more money.
My take on the results includes the following:
The Digital Vending Machine is the basis of the most profitable part of Bango. It is way ahead of the competition.
There is a great deal of potential demand for the DVD as the benefits for the Telcos are huge.
While there are very good reasons to adopt the DVD there are reasons not to do so.
One of the major barriers is the problem of interfacing the Telco's software with Bango's. If either party changes their software the interface may require revision. Bango has been working on simplifying the interface and this will be released in 2024.
Bango has transferred software developers at scale and these are working on major reductions to the reasons not to adopt the DVM.
Towards the end of 2024 it is reasonable to expect a significant increase in the number of sales of the DVM.
That's the same Simon Thompson at Investor Chronicle that tipped Bango heavily many years ago c 220p only to see them collapse to 60p or less. Let's hope he's right this time round.
More information
https://www.youtube.com/watch?v=FtNIpUdlOIM
Hi all,
Over the years I have invested in Bango on and off and made very good profits off this.
For me a price of 105.88p was a steal and so I put in one tranch last week and today put in another one at 122p.
Why do I like Bango? Well above all I trust Raymond and team and I know that they especially Raymond has a lot of skin in the game. Close alignment of interests is definitely the case with Bango.
Secondly I liked that when I had questions in the past on Bango Raymond and team reverted back to me the same day!!! Now when I compare this how investors (especially retail investors) are treated by other UK small caps than I know that I am in good hands.
One thing: Sometimes corporate acquisitions don’t go well at all or initially have some teething problems- to me the latter seems to be the case but given that now no new issues were revealed laid my slight concerns at rest. So to sum it up I am happy with my 105.88p tranche and my 122p tranche and now will patiently wait for the next developments.
This is the concluding part of the article:
“ Reflecting the strong start to the new financial year, Singer Capital Markets predict a step change in profitability, pencilling in 162 per cent growth in cash profit to $16.8mn on 16 per cent higher annual revenue of $53.5mn. The forecast doubling of cash profit margin to 31 per cent reflects a four percentage point improvement in gross margin to 90 per cent), the benefit of cost savings and the operational leverage of the business.
Moreover, with Bang forecast to be cash flow positive in 2024, Singer have reduced the interest charge in their financial models and raised their 2024 pre-tax profit estimate by 8 per cent to $5.7mn, thus reversing last year’s $7.8mn pre-tax loss. On this basis, expect earnings per share (EPS) of 7.3c (5.8p).
Rated on seven times 2024 cash profit estimates to enterprise valuation, and given the upbeat start to this year’s trading, Bango’s share price rally is likely to gather momentum. Buy.”
Simon likes it.
https://www.investorschronicle.co.uk/ideas/2024/04/08/why-bango-s-share-price-is-set-to-recover-strongly/
Strong revenue growth continues
I think it has woken now
Great results!
Doubling of the customer base and a strong growth of 77%
It's Monday, the market didn't wake up yet.
Why wouldn’t the market reaction be positive? Strong momentum through Q1, business fully funded….I was hoping to see those two things confirmed and they have, so I’m very content.
Confirms the underlying inertia of the business and covers any unanswered concerns of January. Happy here , don’t give a monkeys about the SP reaction, the medium term fundamentals look great.
RNS
https://www.londonstockexchange.com/news-article/BGO/final-results/16411093
Personally not that impressed. But see what the market thinks.
Results show strong revenue growth and presumably increased loss well discounted?
Surely if the results are released and the business is expecting large improvements on last year then the only way is up for this one ... We shall see
Absolutely absurd SP reaction in January. Hopefully Monday will spell out the position to the Market simpletons.
Looking forward to Monday, sales and EBIT numbers should be on track or better as they set soft targets!!
For me No1 is to quash concerns on cash especially with the $1m per quarter NHN loan repayment due to kick in September this year, last thing we need is chunks of the company being given away at such a low SP to pay off the loan, if they can get the message across that sufficient cash is being generated on top of investment funding and ramping up the new DVM contracts and that there on no more surprises from the Docomo deal then everything else should fall in line albeit slightly behind schedule, for me the $53.5 revenue fc is rather conservative especially when the pervious broker fc from early last year stated $57.1 but did not reflect the reported rapid take up of the Bango DVM in H2 last year, anyway let’s see what next Monday brings
Bango’s house broker has ‘24 EBITDA at $16.8m based on $53.5m revenue. Only three months in, I suspect all we will hear is “meeting expectations”, though it’d be great to hear a bullish statement. And yes, at that level of profit I’d hope we go past 180p in due course, given last year’s target was c$12m. It’s be good too to quash any concerns about cash.
Well, it’ll be interesting to see the new profit and growth target, results are due out on the 8th of March. I reckon with all the cost reductions and sorting out the loss-making contracts, we could see a profit of maybe $15 million which is 3× 2023 result. it will be interesting to see if the share price rerates, maybe even back to £2 , or maybe higher as their profit target was $11 million in 2023.