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Following my visit last week, write up for interest.
https://martinflitton1.wixsite.com/privatepunter/post/could-bango-prove-to-be-number-one-10-10-23
Noticed that they are happy to quote for a sizeable sell but only a fraction of that on the buy side. My largest and longest term holding. Not a chance of a sell here whilst this stock’s sp is treated with so much contempt.
Great job guys 6500 on a 2.5% drop (there's nothing there for you, tell your punter to be happy with what they've got)
All they've caught so far is 135 units
And very dangerous
Does or would anyone short this? Very unlikely imo.
"shorters" look out you are about to short your pants
Down another 3% today on a volume of 13k. . No shame these people
Some more poor sods stop losses have been slapped again today to provide another 90000 for the wear cufflinks to work brigade
And this one will run - would be a bargain at £3.
Same again today , are you brexiteers?
Guys we are looking at your profiteering. We will find out who you are eventually and expose you on my media . Stop making short term profits and let this one run
Please tell me what they are doing . are they pushing it lower to clobber some poor sod's stop losses because they are failing miserably so far
Https://www.investopedia.com/articles/markets/030216/worlds-top-10-telecommunications-companies.asp
Does anybody know which are / are not using BGO?
Absolutely , and impressed we now have someone of Darcy Antonellis experience in a NED role, perhaps goes to show the respect Bango hold within the Industry.
"Her deep knowledge of how the worlds of technology and content combine to drive each other forward perfectly aligns with our Digital Vending Machine strategy".
I think that's the key sentence here. "Content" is King and ours needs to be top drawer in order to sell it on what is already an industry leading platform.........
Just checked, 5p here. Which is quite usual. Not really a trading share. One to keep until Mr Market provides a fair valuation.
Bid/offer range of 10
185/195
is this usual for this one
The falling £ won't can only add to profits through the year too.
Last time I checked back in July ‘23 the consensus analyst SP target was 343p, which now looks easily doable bearing in mind these shares are fairly tightly held with only about 77m of them in total, and mine aren’t available !
Exploit Bango's glaring valuation anomaly
Shares in the technology group potentially offer a 67 per cent upside
September 18, 2023
By Simon Thompson
The above is the title of the article and this is the conclusion:
“ Exploit a glaring valuation anomaly
The bottom line is that there is a glaring disconnect between the expectations of both analysts and Bango’s directors for next year’s earnings and the rating that investors are currently ascribing to the shares. I feel it will correct itself and drive a material re-rating to Stifel’s 315p share price target.
So, although Bango’s share price has fallen 12 per cent from the 215p level when I covered the annual results six months ago (‘Bango profits set to soar after game-changing acquisition’, 28 March 2023), albeit it is still double my entry point ('Bang on the money', 26 September 2016), the operational progress and maintained guidance fully support an overdue re-rating. Buy.”
Bango posted its Interims for the 6 months ended 30th June 2023 this morning. Revenue was up 88% to $20.3M, in line with management expectations. ARR grew to $5.6M and this growth will accelerate as DVM contracts won in 1H23 launch. Meanwhile profit margins remain healthy with the gross profit margin remaining high at 90% in 1H23. And margins could improve even more in H2, actions to deliver $19M of the $21M of guided cost synergies are already complete and the benefit will materialize through 2H23. Guidance given was encouraging as well, the business is on track to meet consensus market expectations for the full year and increasing adjusted EBITDA margins should deliver a substantial increase in adjusted EBITDA for FY24. Valuation look reasonably attractive with forward PE ratio at 13.7x in the top third for the Software & IT Services sector, PEG ratio at 0.2x is top decile. Share price has been drifting sideways for nearly 3 years now and lacks positive momentum, but this is likely to change over the next 3 years as the group moves more lastingly into statutory profit. Certainly worth monitoring for the medium and longer run...
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/BGO/799
Well somebody believed him . it has shot up 10 pence since he was on
To misquote Mandy R-D, he would say that wouldn't he.