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Doesn't someone still own 45 % of this company ? , if so they are not going to sell for less than the IPO price, unless he tries to buy it back for himself
Https://www.proactiveinvestors.co.uk/companies/news/1048294/capital-regional-gets-two-approaches-as-property-interest-revives-1048294.html
And another one today. Atleast 1 being targeted practically everyday
I wonder why CABP are not letting this come out in a RNS , that's a couple now that could of been done now
Well looking at recent takeover activity and the latest Hargreaves Landsdown, it all makes CABP a sitting target as the underlying premium in the business must be significant, so any takeover would be well above the current share price imv
We all know the adverse impact on CABP revenues due to the Naira restrictions imposed by the central bank last year (ouch!) as they looked to stabilise the economy.
These have now been removed and this caused a sharp reversal in dollar flows at the start of 2024 such that the first 3 months of 2024 generated more than whole of 2023. As CABP are heavily involved in this area that can only be good news for revenues!
It looks like the central bank are still struggling to get a grip on the situation with the currency depreciating and inflation climbing during recent months. However, the currency looks to perhaps be stabilising somewhat:
https://nairametrics.com/2024/05/20/naira-appreciates-marginally-on-93-higher-fx-supply-on-official-market/
If this can be maintained then it must make everything more predictable and CABP might be able to get down off the fence and share some Naira revenue predictions with confidence :-)
From my layman perspective surely this FX increase would have had a huge positive impact on CABP's revenue for first half of this year (traditionally their weakest half)? Really looking forward to their first set of preliminary results to see if I'm right!
I think the takeover is unlikely until the US license lands. Going private will stop the license process in its tracks if I understand the regulations correctly, so the smart play is to wait until it's granted. Of course the license makes CABP more valuable and the PE firm will have to pay substantially more to acquire, but the value that can then be generated is much higher so it's worth waiting.
It's possible perhaps that another bank with an existing US license could try a take-over before CABP get theirs, and that CABP are then able to use the parent's license. Not sure if that's allowed, but if so then you'd expect it to happen sooner rather than later before the SP gets away from them.
However, assuming the likely sequence would be to get the US license granted followed by a bid, then things could get very interesting as I'm pretty sure there's not just one PE running the rule over all this.
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This is what I mean, a PE firm, competitor or a Behemoth can just look at CABP, see it at massively undervalued and huge opportunity and just pick it up for peanuts 🤔
Biggest risk for CABP is being acquired on the cheap. Darktrace, Anglo, Hargreaves Landsdown today, Royal Mail, DS Smith, Virgin Money, maybe BP, Spirent, to name just a few, endless list.
All good undervalued companies are being snapped up.
CABP is a money making machine.
We are pleased to announce that we have added Integral Development Corp. as an additional FX trading platform to distribute liquidity more broadly to our client base. This partnership will continue our trend of reducing friction to moving money where it’s needed.
Lewis Samuels, our Head of eFX Distribution, said, "We are pleased to add another distribution channel to our offering as we continue to scale and diversify our client franchise globally.”
Onwards and upwards
If someone wants to make a bid for CABP, they will have to pick up alot of the free float first, which should push the price up alot. I hope no offer comes in at least not under £10 but it will be a shame if it does
Https://www.cityam.com/hargreaves-lansdown-rejects-takeover-bid-from-private-equity-giants/
Just another day, and another LSE takeover on the cards....
CABP will be gone unfortunately, good undervalued companies are being picked off 1 by 1.
And pound for pound there is no undervaluation quite like CAB Payments. I would not be surprised with a takeover notice landing here soon.
LSE is basically dead. Literally a new takeover story everyday.
CABP ticks every single box.
IMHO DYOR
Those big sells keeping this from going higher the last two days, it still wants to though.
Sitting duck at this valuation.
Similar valuation to Trustpilot, and CABP would be £16 a share. And CABP's all key fundamentals are better by many multiples. TOTALLY INSANE 🤯
They're already recruiting in the US, so there lies the clue. Business growth is rapid and as many have stated previously, this looks seriously undervalued and make no bones about it, opens the way to predatory interest imv
And whilst I think about it, in response to people asking about risks relating to this share, I see two main ones, one of which is not controllable and the other controllable to an extent
(i) Country specific capital controls in countries where we conduct business (think of the Nigeria experience)
(ii) US license refusal, itself partly a function of quality of the organisation - as CABP grows in size and complexity, quality of hires needs to keep pace
Fingers crossed Plutus. I am hopeful given their previous experience in applications and look forward to a significant rerate when it does come
From RNS 26th March 2024...
"EU licence in final stages. US licence timeline H2 2024, providing significant market opportunities"
EU License RNS then came 8 working days later
H2 24 guided in FY update in Apirl.
So anytime soon!
The simple answer is that timelines are hard to determine. An application is absolutely not guaranteed to be successful (look at Revolut over here). What I hope is that no application is made until both the board and the execs and happy with it and that it is of sufficient quality for it not to be turned down. A refusal will not only harm the share price but will make gaining a license all the more difficult. Hope this helps
I've onlly recently started following CAB and have invested a small amount. So far I've been impressed wih the SP growth. Figures look good and potential looks good. I'm trying to get up to speed with the news and wondered if there were any known timescales with regards to the US License? Are we talking months / years?? Once applied for is it guaranteed to be issued? Thanks in advance.
Colin Digby, Head of Strategic Client Coverage of Crown Agents Bank said: “Financial institutions are struggling to access hard-to-reach markets, especially as counterparties retreat from these increasingly underserved and challenging geographies. This is why the AbbeyCross ABX Platform is so important. It addresses the technical integration challenges and the transparency dynamic as it provides an easy single access point to these markets via multiple LPs. It’s a real game changer for us, the institutions we serve and the wider market.”
It's great, but not game-changing. We are far far bigger than Abbey. But will give us exposure to more clients, so more revenue for us.
Wow, game changing nice find plutus1, thanks for posting the link. Things are moving fast especially in the lucrative emerging markets arena which gives CABP a competitive advantage
We are proud to announce our partnership with AbbeyCross as we join their ABX platform, a wholesale marketplace for emerging markets FX and payments.
As a strategic liquidity provider and one of the first banks to join the platform, we'll facilitate access to an extensive range of hard-to-reach market currencies and rates to financial institutions globally.
Our Head of Strategic Client Coverage, Colin Digby said "Financial institutions are struggling to access hard-to-reach markets, especially as counterparties retreat from these increasingly underserved and challenging geographies. The ABX platform addresses the technical integration challenges and the transparency dynamic as it provides an easy single access point to these markets via multiple LPs.
To find out more about the partnership, click here: https://lnkd.in/eXt5a5rK
#payments #currencies #fx #emergingmarkets #CAB #abxplatform
I'm doing my part lol