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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.
Bango will need to up its game with the forthcoming update compared to their last one which saw the share price fall 40 percent. If the deals are done and trading firing on all cylinders we could see a major rebound.
Bango will host an investor presentation and Q&A session on 8 April 2024 at 10:00am BST via Investor Meet Company. All existing and prospective investors are invited to join the call. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 7 April 2024 at 09:00am BST, or at any time during the live presentation. Those who wish to attend should register via the following link where they will be provided with access details: https://www.investormeetcompany.com/bango-plc/register-investor
The spread is almost 5%… maybe the MM’s want to slow the buying down?
Should leave the results until after Easter. Don’t owe this dysfunctional market anything and means zero to me as no one’s getting my shares.
We live in hope
Strong buying activity this morning leading into results….next stop 114?
Couldn’t agree with your comments more, a 50% drop in share price is a massive overreaction. I believe the results are due out somewhere between the 24th of the 27th. Do you happen to know when the results are due?
I hope the results will be a catalyst for getting this show back on the road after a ridiculous over-reaction. Last year was a good one, just spoiled at the last minute with some silly foreseeable errors and a late decision to change revenue recognition. Looking forward to a bullish forward statement and an update on the DVM pipeline.
6-7% up in a few days, results due soon, cost savings implemented , acquisitions completed and new contracts won🤞
All looks positive, if only management had put the same effort into the DD on the Docomo deal and the companies finances as they appear to do in multiple pointless surveys that clearly do not add any value to the SP then maybe they would not be in this mess they find themselves in
Https://bango.com/bango-expands-the-digital-vending-machine-with-new-streaming-subscription-services/
I doubt whether these will make much of a contribution in the short term.
Https://bango.com/bango-and-sam-media-power-xr-subscription-bundles/
Some big buys early doors. Looking good 👍
Hopefully the re-rate has begun and rinse and repeat over the coming weeks back to a justified valuation
Excellent day in a real down market day. Is there something coming tomorrow or has the re-rating begun already 🤔🤔
Pen167
I suspect the market boys are not convinced they have a a handle on the spend and insufficient cash in the bank, if they can demonstrate this then I think the value will increase as per your suggestion as this would only make sense, maybe Bango just need to take a breather on the road to world domination of the super bundling and DCB and show what cash they can generate with limited development spend and only then start to invest, they are running to close to the bread line as the recent TU demonstrated, a couple of unforeseen costs and there is insufficient buffer in the bank for comfort and the market will react as it did,
Hopefully the Bango management are educating the market and we are now on the recovery on the run up to the full year results
Over the years I have encountered a number of instances of the stock market apparently being irrational. If one compares the numbers for Bango in 2017 to today, sales have increased by a factor 10 and the company is now making decent profits compared with losses. In spite of this the share price is less than half of what it was in 2017. The level of sales and profit for Bango is very difficult to forecast. What is certain is the numbers are improving rapidly. Had the forecasts been lower so that they were met then I would expect the share price would now be more than double what it is now.
I suspect late March - gives more time for positive news which I’m sure they’re endeavouring to get to.
The lack of news or update on analyst forecast is certainly not helping the SP, probably there will be nothing until the full year numbers are issued in March although they have not yet announced the date, last year 28th March, 2022 it was 8th March so no clear indication of when it will be, suspect they will issue a RNS this week
Thanks pensioner, yes I agree, and there will be more of this in ‘24 than previously - work being done and costs incurred before revenue recognition, which in turn may be before cash is received. Example - I know in Dec ‘23 that a new DVM contract had reached revenue recognition point but it wasn’t put into the accounts because a signature was needed and the individual was absent on holiday. Again, costs incurred, revenue not included, cash not received.
Iwant,
With many of the contracts there will be an integration element before the product goes live. The integration costs may be partially funded and the funding can be invoiced when milestones are achieved. Without invoicing no revenue will normally appear in the accounts but the costs will.
If a liability arises, for instance if there is a very large loan say in Swiss Francs, then it would be normal to provide in the accounts if the exchange rate had gone against the company. The provision would not alter the cash but would alter the profits in say 2023. The cash outflow would appear in 2024 when the loan is settled.
Docomo had a number of loss-making contracts which Bango said they were going to terminate. This is easier said than done and I suspect there are still some which are live. Again, these should have been provided for prior to 2024 but the cash will be impacted in 2024. I suspect there are very few of these contracts.
Revenue is generally taken at the time of invoicing rather than when cash is received. I suspect that some of the newer large contracts have extended payment terms.
Their broker stated 300p plus over a year ago I think. Priceless