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https://twitter.com/surprised_trade/status/1501250345019879435
IC article out on #BGO ...states fair value 260p
https://www.investorschronicle.co.uk/ideas/2022/03/08/an-app-store-winner/
Here's an update from the management at Bango;
https://youtu.be/NKdKB6dOE6Y
Issuing shares thus why the cash is up. Have a history of diluting shareholders.
Typical trading pattern with Bango is that it releases good news the share goes up and then is oversold before the end of the same day!! Reverse psychology today - lol. Sold some other shares as a result to get back in. Always seen this as a very solid buy but always overlooked by the market. Hard to ignore on its current growth trajectory.
Commitment to “hundreds of millions of $ revenue”, c.f. current $20m. Sounds good. I expect steady increases every year from Bango, it’s a great hold for a SIPP.
Impressive growth: strong R&D; cash generative; compelling vision of the future.
Ticks my boxes. Usual bonkers sell on the news then (IMHO) steady climb.
GLALTH
https://twitter.com/surprised_trade/status/1501102882384457728
Bango has delivered another strong year of growth. Revenue grew +31.5% yoy, +3% ahead of our expectations. The group is very well positioned to continue to deliver growth, we forecast 29% revenue CAGR, over the forecast period.
Net cash position of $9.7m –
More Users x More Routes x More Merchants x More Insights For management, the formula is succeeding, and we are confident that this approach enables Bango’s ability to continue to drive significant growth. We forecast that Bango will deliver 29% revenue CAGR FY21-24E, at which point in FY24E revenue will be c.$45m and Bango will be well on the way to management’s stated goal of taking Bango from a tens of millions of dollars business to a business delivering hundreds of millions of dollars of revenue. The Payments business remains a high growth area and feeds Bango’s virtuous circle strategy. The TPAY partnership, announced in January 2021 provides Bango with unmatched scale in the Middle East and Africa, which are two of the fastest growing regions for alternative payment methods. For instance, one connection between Bango and TPAY provides access to 76 operators and wallets in 24 countries. Additionally, the market has seen the end of the app stores’ monopoly on in app payments triggered by shifts in regulatory changes in South Korea, which are expected to extend across the world as the regulation evolves.
Bango is well positioned to benefit from these changes, with leading developers who are already its customers and through its partnerships, with amongst others Digital Turbine, who is a leader in ondevice app deployment and promotion, who Bango will work with to integrate new payment methods.
Whilst the Payments business is very well positioned, Bango has three powerful growth engines all working synergistically together. Going forward, we anticipate the accelerated growth in future years will come from Platform Licensing and Bango Audiences.
Another1.1% (836K) top up by NHN
Pen167
Many thanks for your thoughts, informative as always
I believe the decision indicates what will happen with many MNOs. The MNO's have a dominant position as they control the payment processing. Google demands an unreasonable fee for its play store service. Verizon are simply changing the balance. Eventually many of the functions of the play store will be taken over by the MNOs. A number of games producers have changed to using the Steam platform to avoid paying huge fees to Google. Eventually when just about everyone has a 5G connection, Games will also migrate to the MNO's platforms.
The consumer of streamed content wants choice. Satellite technology will be less flexible and more expensive than the MNO alternative so that too will migrate. Bango is in a good place !
Pen167
I noticed that Verizon dropped Play Store DCB a few weeks ago, do you think this is linked to the Verizon launch or as a result of a fall out with Google
I do agree that its most likely Bango are involved
https://www.androidpolice.com/google-play-store-confirmed-finally-to-drop-verizon-from-carrier-billing-program/
I find it difficult to believe Bango is not involved.
https://www.techtimes.com/articles/272585/20220304/verizon-launch-hub-will-include-netflix-peloton-disney-subscriptions.htm
https://bango.com/verizon-increases-post-paid-subscriber-additions-by-75-in-one-quarter-after-offering-disney-for-free/
Does anybody know if you can track the volume of trades in Bango on OTCOX
Like an enthusiastic teenager BGO steps out into the wide world.
This will deliver grown up returns and be very attractive.
IMHO a definite hold
GLALTH
https://twitter.com/surprised_trade/status/1496757247682256896
good news on a bad day for mkts
Good to see a tick up today. I am reallly keen on this one.
Portfolio Power
What a very nice thing to say. Very touched. Hope we both do well Bruce
LSE admin are slowly sorting out the BOO bb.
Some good contributors over there like yourself Bruce.
Agreed. Why do people waste so much time on Boohoo?
BOO looking a far stronger buy from this level now.
6 x bagger return up for grabs with BOO over next few years
Worth some Bango cash over there imo for far greater returns
yes that is interesting. could be from South Korea. i hope we might make some dosh on this one.
I meant Bango as a takeover target for one of the big tech boys.
Appreciate they are both on / about to be on the customer books.