The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Sorry, just substitute 9, for the first 6 , in each amount given. So stop order below 90.8 and buy order above 96.9. However the hidden divergence, which usually implies a rally, is worth buying now, with setting stop order under low of the doji, yesterday low at 90.8.
Think i`ll stick to rolling the dice. Must easier to understand.
Stargate, please ignore my ignorance but are you suggesting that the SP is due a retrace or that the retrace is at an end and we can expect a rise? Thanks 🙏
🤯
Sp, in fibonacci retracement, zone of 50-61.8%, between 60-65. Also price chart shows a two down leg pattern typical of price retracement. The last closing price represented a japanese small body doji, ie, the difference between the open and close prices was only 0.5, whereas, the high/low difference was 6.1. The doji candlestick, in the circumstance of increased volume, is useful, to determine where to set stop orders, based on the high/low. A stop order under the low of 60.8, together with a buy order, if the sp, crosses above the doji high, of 66.9, ought to participate, in the trend resuming. Extra confidence, is given by the apparent hidden divergence, in the RSI(relative strength index), which often signals a rally. DYOR.
Time To Top Up,
26th March seems an awful long way off with the shorters playing their games. You would think they will close their positions before the end of year results are published. Only 4 long weeks from today.
2024*
Only 4 weeks until the earning report.
26 March 2026
Kaz, that's true enough but very few CFOs or CEOs get a perfect and constant run upwards on a companies share price. What I have looked at, is his initial impact when taking over as a CFO and in the two jobs he has had since 2011 has been pretty good. Personally, I think the revenue of this company will grow exponentially over the next few years. 25% increase this year is something most other companies will envy. With the main directors that they have in place from Barclays and Nat West, I can see next year will exceed that. Granted, it has had a rough start after listing but in my opinion, it won't take long to get a more steady foothold and then go from strength to strength. That's why I'm happy to hold onto my investment here. Gla. Dyor.
New CEO seems to be a bit of a mixed bag!
‘Replacing Trivedi will be Neeraj Kapur, a former RAF fighter pilot who was most recently chief finance officer of Vanquis Bank from 2020 until 2023. At Vanquis, formerly known as Provident Financial, he initially oversaw a recovery in the bank’s share price after it crashed in the early stages of the pandemic. But in his last 18 months in the role, the shares tumbled by 70%.’
This is excellent, excellent news in my eyes. I've heard that Bhairav was a bit of a bluffer at Finablr.
It's a pity he was given a silly amount of shares, this was a gross mistake of the board to award him ~2% of the company. The company would have been much better by keeping Albert Maasland.
Neeraj Kapur, our new CEO here from the 26th March 2024...
He took Secure Trust Bank onto the stock market in November 2011 as the CFO. Through the first 4 years, the share price went from an initial £6.70 to £32.80. I think that he will be excellent for the company.
It should also be noted that when he stepped into his office at Vanquis in April 2020, the share price had nose dived from £4.76 to £1.72 in the preceding February and March of that year. Within 18 months of him being CFO, the share price was up to £3.74
I can fully understand why he would wait until the end of year results have been announced, to take over officially. He is already at work in the office, in an advisory role.
Good luck to all genuine holders. Do your own research.
Usually Fridays ends blue here!
“The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world.”
Mentions of US, Europe and New Markets across the World.
They can only operate in these areas if they have the new licenses! 🤔
Most have missed this transformational news embedded in todays RNS 😉
DYOR
It was fairly likely that somebody senior in CABP had to fall on their sword after the share price plummeted, so CEO going isn't that unexpected. Perhaps the news leaked a few days ago which was the reason for the random dip, but the immediate recovery suggests the replacement is not a worry to the market and the transition process seems orderly and planned.
However, I must admit the new CEO has got me slightly worried, as looking back at their history as CFO and the way they suddenly "left" VANQ, and the general opinion of their tenure on the VANQ forum, doesn't really fill me with huge confidence. I guess nobody really knows the reason for them leaving VANQ in a hurry, but let's hope it was one of the better ones (e.g. CEO wanted to bring his mate in).
One thing that I thought was very interesting though, is that the RNS didn't mention Africa at all, but specifically called out the US and EU where we know they are waiting on banking licenses to be approved. To me that sounds like we could be hearing good news in this area sooner rather than later.
Https://www.lse.co.uk/rns/CABP/chief-executive-officer-transition-86hla145pd2indf.html
In line with its announcement released on 16 January 2024, CAB Payments continues to expect total income for 2023 to be approximately 25% above the prior year. The Company will provide additional detail on performance in 2023 at its next scheduled update on 26 March 2024.
I know this mornings RNS was about the CEO transition, however if you read between the lines, there are plenty of snippets of really interesting info.
MARKET LEADER….
“Market leader in business-to-business cross-border payments”
“transformed CAB Payments into a market leader”
“On behalf of the Board, I would like to thank Bhairav for his commitment and contribution, which has positioned the Company as a leader in its field”
GROWTH….
“positioned it for the next phase of growth”
“Bhairav will lead the Company's push globally to build increasingly strong relationships with central banks, regulators, current and prospective strategic customers, and other senior industry participants”
“The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world.”
“set out clear priorities to extend our FX and payments capabilities, further diversify our customer base and expand the number of markets we serve”
“I look forward to helping Neeraj get up to speed on CAB Payments, and continuing to leverage my experience, skills and network to further benefit the Company in this highly exciting and growing sector.”
“as the Group enters the next phase of its development”
“CAB Payments has both a very proud history and exciting future growth plans”
Just the 21 Trading days remain until 26th March…
"gaining new customers across Europe and the US"
Sounds like a reference to the EUR / US banking licence they are in the process of acquiring.
Gla
Also the current CEO presides over the results in March (take the glory) so nice swan song for him.
I like the bottom paragraph of todays RNS-
In line with its announcement released on 16 January 2024, CAB Payments continues to expect total income for 2023 to be approximately 25% above the prior year. The Company will provide additional detail on performance in 2023 at its next scheduled update on 26 March 2024
RNS
Current CEO moves onto the new role of Senior Adviser to the Board. In this role, Bhairav will lead the Company's push globally to build increasingly strong relationships with central banks, regulators, current and prospective strategic customers, and other senior industry participants.
New CEO is CFO of Vanquis Banking Group, another Premium Listed Company, previously Provident Financial.
A few nuggets in todays RNS..
"The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world"
"CAB Payments has both a very proud history and exciting future growth plans. I look forward to updating all our stakeholders on our progress in due course."
Looks like Bhairav' time will be spent on global expansion and growth .
Exciting times ahead.
ArsyTara thinks CAB is worth 50p 😁
Came across another companies results, just make it makes sense!
Amicorp FY23
Revenue $12.8m
EBITDA $2.6M
Growth 8%
Market cap $180m
Main Market Listing
CABP FY23 Est
Revenue £137m (x13) confirmed
EBITDA £65m (x33) 50% Margin Estimate
Growth 25% (x3) confirmed
Market Cap £255m (just 70% more)
Premium Market Listing
Another example which I have come across which shows the insane undervaluation in CABP. 33x more EBITDA, but valued at just 70% more ROFL.
Example after example. Totally broken Market for CABP.
Just to put it in perspective if CABP was valued at same EBITDA valuation as Amicorp, CABP share price would be £18.20 🤯
Coincidentally both listed around the same time in 2023.
Perplexing situation. Pound for pound CABP is one of the most undervalued companies on LSE full stop.
https://uk.finance.yahoo.com/news/london-stock-exchange-proving-boon-074245274.html
Nasdaq nearly taking out its all time high.
S&P 500 Average EV/EBITDA is also around 20.
With CABP the gap to any realistic valuation is so huge its just nonsensical, it would have to multibag several times to get anywhere near peers.
Looking at Nasdaq valuations, Cannacords CABP Share Price Target of 585p from Aug 2023 is massively undervaluing it! Although they did say 585p is just to match peers, there basic valuation, CABP should be carrying a premium due to the significant economic moat/competive advantages.