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And it just keeps coming.
Great addition to the Board announced today.
Pity that the RNS manages to say the opposite of what it means: "Her combination of industry knowledge, financial acumen and governance experience is hard to find." I think what it means to say is that her combination of skills is unusual; not that it is hard to fbnd in her.
I managed to catch the investor presentation last night. Exceptional to say the least. I encourage any Boku investor here to contact the company for a copy of the presentation. The two major developments to truly come online now are first the E-wallets. 9 E-wallets now live all across Asia. These alone demonstrate significant growth prospects for the company. Also, Identity, they have ironed out the bugs and I see this truly performing in the coming year. And let's not forget the current backbone of the business, DCB. Which they have demonstrated works extremely well for them. And now with Fortumo onboard, it will begin hoovering up all the lower turnover but higher fee sales, leaving Boku to run the higher turnover lower fee sales. They also demonstrated that this still has a long way to go. Exciting times.
@JTDOLAN Totally disagree. I see absolutely zero to compare with Bango. Boku is in clear profit. Boku management is absolutely solid and is all well versed in the payment industry. Boku's cash position is streets ahead of Bango and the latest acquisition of Fortumo proves this and cements their position as the clear front runner in the mobile payment arena. As for their identity business, I am confident it will shine its true potential hasn't been released yet and to be fair it's hardly a ball and chain to the rest of the business. To call it "a dog" is a little unfair at this point in time.
Agreed, it's a slow burn in the current climate and the adoption of paying by mobile, which I believe is still in its infancy, imho of course.
It's interesting comparing both Bango's & Boku's results. BGO seems more likely to excel (50% growth rate) due to their data business. Identity is proving to be a dog. I think tho that DCB is a bad business to be in, no money to be made. All in JT's opinion.
My thoughts, based on metrics and environment, is 125p within next 12 months.
Bears will focus on ID(11% revs). As covid normalise, people adapt, ID should rerate, infact ID EBITDA loss reduced to $2m (1H19 $2.3m) despite revs -20% showing operating leverage. Boku remains exposed to highly attractive secular growth trends in mobile commerce and security.
Strong RNS, although not surprising as announced in previous RNS.
Surprised to see numpties selling... why?
And the good news just keeps coming. Today's RNS is excellent news.
This company is just getting on with the task in hand. Feel my investment is in safe hands.
It's nice to find a discussion board where the stockholders are positive and can see this company for what it truly is.
Today, another brick added to the wall. The last one triggered a rise in the sp; expect this one will do likewise.
Another brick in the wall. Just waiting for sp to respond.
The bid price is still going up on the sells, so I’m presuming they are wanting stock to fill a buy
Well one thing for sure, I’m totally suprised this share hasn’t really moved since what I thought was a great RNS.
Some seriously huge buys recently which bodes well but not sure why the smaller guys haven’t picked up on this yet
Bullish News
Boku (Buy TP 145p) Trading update: strong ytd trend. Boku today updated the market on its first five months, with TPV up 35% YoY, boosted by stay-at-home behaviour changes. This increases our confidence around FY payment revenue expectations. Monthly active users were also up strong (+36% YoY in May) with impressive new user growth (+20%). New payment channels are being launched for existing merchants, with material progress in both the Wallet and Identity businesses. This alleviates our concerns around material disruption from Covid-19 on the supply side. While too early to change FY20E forecasts
(source PH)
News finally released about the Partnership with Boku and Pearl Abyss.
http://www.globenewswire.com/news-release/2020/05/20/2036602/0/en/Boku-Officially-Launches-with-Pearl-Abyss-to-Extend-Mobile-Payments-and-eWallets-Globally.html
This could be a big winner for Boku
The Company announces that Keith Butcher, Chief Financial Officer of the Company, today notified the Company that he purchased a total of 115,000 common shares ......
Great numbers. A 4.7M turnaround on net profit after tax from 2018 and a move from loss to profit.
Future new business looks incredible. Well done Boku.
"STRATEGY REPORT
Mobile: you ain't seen nothing yet
There are more active SIMs on the planet than there are humans. Smartphone penetration is not far behind, with approximately 4 billion in use worldwide, ranging from the most upmarket expensive iPhones to cheap Android devices.
From its dawn with mainframes, computing moved to the PC age, which in its turn yielded to the march of the mobile device. Computing is no longer the province of governments and big companies, nor middle class families. It's available to everyone. And the computing capabilities of these devices are different to those that have preceded it.
Driven on by the remorseless logic of Moore's law, the computer in your pocket knows where you are, can see through its camera and communicate both locally and over the internet. Although the distribution phase of the mobile computing revolution is nearing completion, the usage phase, the phase in which we figure out what to do with these things, is only just getting started. The phone has already displaced the PC as the most popular way to buy things online yet purchases from mobiles are still only a fraction of the total opportunity.
One of the things holding back growth is that the tools that support online business -- in payment, in identity, in fraud management -- have not really been able to keep pace."
2nd that....this and Bango are no brainer stocks in times like these with all the self isolation.
Cant trade this stock on IWEB, because there is a restriction on trading it in USA and apparently they can't be sure I'm not a USA citizen even though they had all my details to open an account. Total plonkers!
Pearl Abyss Corp. https://www.pearlabyss.com/company - They appear to have a decent following :)
No details of the service revenue or transaction royalties, but it appears to be good news. Well done Boku.
Contactless payments using smartphone. No UK £30 limit as already authenticated. This payment system is accelerating quickly via NFC enabled smartphones.
In a Viral world.
Safe Haven.