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https://twitter.com/surprised_trade/status/1564497810619305984
.Acquisition is €4M, funded using existing Bango cash. At completion, DOCOMO Digital had a cash balance of €3.1M.Revenue contribution from the Acquisition is expected to be $5M in FY2022 and $16M in FY2023
Good opportunity to add and have.
Yes I have bought back in having been out since February at a higher price, looking cheap now although I am prepared to trade again for a profit
https://twitter.com/surprised_trade/status/1559843051551555584
a 'no reason' drop against backdrop of excellent results and growing business .Bango's revenues are typically weighted 40:60 H1:H2, outlook points to Bango comfortably meeting FY22...broker has 260p target
Darktrace today, over the Milton Road to Bango tomorrow?
There has been a significant increase in headcount at Bango just before the 2021 year end and the first few months of the year 2022, perhaps as much as a 50% increase. This is not obvious from the accounts as average headcounts over the year are reported. The growth in headcount will enable Bango to extend their markets including into new geographies and to develop new products and product improvements. The downside is that the new staff are not that productive when first employed so at the half year the EBITA was lower than some people expected. I would expect it to be low at the full year. Growth in sales may should be higher than expected. 2023 will show significant improvement in revenue and profitability.
The following is an answer given by Paul Larbey at the AGM:
A) Paul Larbey: “Employee engagement levels are very high, well above industry norms. We published our employee engagement survey results in the annual report and are conducting this year’s survey at the moment. High employee engagement is a key strength for Bango as it means attrition is very low. That’s great because when we’re recruiting, we’re recruiting to grow, not to replace. We also have the natural benefit of being a platform business, so we don’t have to increase people proportionally to our growth. We need great people to help us grow, to develop new things that we can sell to customers, to bring in new customers but the growth is not limited by people. Recruitment is progressing extremely well, we are able to attract good talent, motivate them and engage with them. Recruitment is harder and often slower than it was two years ago, but it is still happening. Last year, we hired in excess of 40 people and, so far, this year we have already hired 26”.
Prime Day was in July in 2022, hence it fell into H2 vs falling in June / H1 in 2021.
Bango’s revenues are typically weighted 40:60 H1:H2 and this is forecast to return to its normal shape in FY22E, ...
End user spend grew by 16% to $2.0bn, highlighting the continued growth of merchants using the Bango Platform.
This growth will accelerate in H2 from the impact of Prime Day falling into H2...the outlook points to Bango comfortably meeting FY22E analyst consensus revenue and adj. EBITDA.
in current climate solid is good and outlook is equally good and solid :-) ....8 percent drop seems at odds with the current trading, thepotential outlook and growth prospects ...
https://twitter.com/surprised_trade/status/1554361523065298947
h1 results and new broker note out...
Solid but unspectacular, I’d say. Revenue up 9% but would have been more if the dollar hadn’t appreciated so much, or if Amazon Prime day hadn’t moved into H2. I suppose the most important bit is that Paul Larbey expects BGO to comfortably meet full year expectations.
Sounds good to me. Percentages would sound better in Sterling but of no consequence.
Hope so!
Still adding up the extra turnover. Added more yesterday in anticipation of good news.
*trading update
Bango website notes interims will be published in July. Today is last biz day July. No sign. Hmm...
Yep agree BJ - ta.
Interims seem a bit late. Prolonging the excitement!
It won't be Netflix unless Netflix have an App store?
old news ?
From a short while ago.....
"Bango’s ‘global tech leader’ new win is Apple, claims analyst"
After today's newsletter from bgo I wonder whether this is actually Netflix? And not Apple!
https://www.forbes.com/sites/forbescommunicationscouncil/2022/07/19/three-ways-to-reach-new-users-in-the-app-ocalypse/?sh=1df456882d7c
Hopefully see positive results in the coming week too.
I am afraid you are incorrect in saying where there is always a buyer there is a seller. Jobbers (market makers) may go long or short (of course brokers cannot act as principals)- Then there are short positions where loan may exchange hands. It is much more complicated than you think. Aimed at spacerat
Showed yesterday as a trade. However, where there’s a buyer there’s a seller. Rather be the buyer myself.
Very bullish after recent announcements, looking forward to the interims, which can’t be said about many stocks at the moment.
where did the figure 375,000 come from?
... Or maybe the 375,000 shares (presumably bought) this morning have given the mm's enough excitement to push the price up a notch.