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was 15th July last year This am’s SP movement may suggest another is soon on its way !
Nice hedge against the ****s-potty pound?
Simon is always conveniently economical with truth regarding his previous Bango tips .. forgetting ones tipped in 200p + range. He will come right one day ...maybe. GLTA
https://twitter.com/surprised_trade/status/1542204383177461760
IC have 260p target price
https://www.investorschronicle.co.uk/ideas/2022/06/29/a-smart-way-to-profit-from-apple-s-growth/
10 years invested in Bango .. so used to rollercoaster rides! Great announcements over past few days to get us out of the dip. Hang on for bumpy ride ...GLTA
I’ve got a strong feeling that the BoDs have got that objective too!
I want much more than 230 again Spacerat! I'd like for this to 5 or 10 bag from where it is
The positive news continues - well done Bango. Stand out cheap share. 50% minimum upside here, just to get back to its previous modest 2.00 - 2.30 range.
https://twitter.com/surprised_trade/status/1540315864582557696
Bango’s ‘global tech leader’ new win is Apple, claims analyst
The shares are currently trading at 140p, versus Berenberg’s 300p target price.
reminder of IC article a few weeks ago...
Aim-traded Bango (BGO:180p), a provider of a state-of-the-art mobile payment platform enabling smartphone users to charge purchases made in app stores straight to their mobile phone account, continues to scale up its business through multiple channels...........Last year, the group entered a new partnership with T-Pay Mobile (combined over 1bn users) to enable merchants connected to Bango’s platform to access new operators and wallet billing connections across Asia, the Middle East and Africa. One connection between Bango and TPay now provides access to 76 operators and wallets in no fewer than 24 countries. Partnerships with NTT Data in southeast Asia, Kakao Pay in South Korea, and carrier billing integrator Infomedia are expanding the footprint of merchants, too, and Bango’s earnings.
The group is incredibly well placed to benefit from the end of app stores’ monopoly of in app payments which has been triggered by regulatory changes in South Korea. Many of the leading app developers are already customers ...........Bango already has strong relationships with the apps that will be the first to breakout and engage directly with their customers. Moreover, the removal of app ID tracking by Apple has meant that more app developers are using Bango Audiences, too. The number of app developers engaged with Bango Audiences doubled to almost 10,000 in the second half of 2021.....The operationally leverage of the business model combined with a gross profit margin of 94 per cent means that a forecast 31 per cent rise in revenue to $34.4mn in 2023 could deliver 61 per cent higher pre-tax profit of $8.2mn, rising to pre-tax profit of $14.3mn on revenue of $44.7mn the year after. Net cash of $9.5mn is expected to almost double by 2024, buoyed by strong operational cash flow......
........share price has pulled back during the tech sector rout. Rated on an enterprise valuation to operating profit multiples of 20 (2022) and 11 (2024), Bango’s growth prospects are being materially underrated. I maintain fair value at 260p. Buy.
Good to see some upward movement returning to the SP too.
I think you’re on the right lines.
The Bango client list is like a Who’s Who of Who’s who.
I’m reading it as Apple? Thoughts?
Intriguing, guess it won’t be long before we discover who, but irrespective good to see this alone has the possibility to underpin financials.
Somebody wants our shares, don’t fall for it
Well BGO is currently valued at about 14x EBITDA for 2022. I’m waiting for the usual HY TU but, if all’s well there, this looks a crazily low valuation for such a high growth company. I assume the cost of living crisis will have some effect but even so.....
I can smell singed fingers, The bears have had a very quick lesson
very nice recovery in a very weak market
Lots of positivity
https://bangoinvestor.com/bango-2022-agm-qa/
As stated in the 2021 Annual Report, during the pandemic Bango terminated the lease on its Westbrook offices. These offices were too small and restricted Bango’s ability to expand.
When working from home was discontinued Bango hired temporary office space where this year’s AGM was held.
In the near future Bango will settle on more permanent offices.
The Annual Report for 2021 shows headcount of 88, an increase from the previous years figure of 78. These are average figures for the year. The rise to 88 was brought about by recruitment towards the end of the year. After the year end the recruitment of new staff has continued.
I would guess the actual headcount is now between 120 and 130.
The business is clearly doing well as the growth in headcount is needed to support existing and future business.
Just catching up with the general tech decline I guess. Will add today.
Oh dear, that's a shame. The Investors Chronic tips have pretty much always let me down.