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Thank you for your informative posts plutus1. Must say the sales opportunities are significant since EU licence granted and US in pipeline too, makes the current valuation look way undervalued imv. The arbitrage opportunity presented is huge too.
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We’re continuing to grow our coverage and have added the BIF - Burundian Franc to our FX solutions, which further strengthens CAB's payment offering for our International development organisation, banking and non-banking financial institution clients processing Burundian Franc, BIF.
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US expansion gathering pace ahead of the US license. Totally flying under the radar.
A famous investor once said, only invest in a company if you would buy the whole company with a quarter of your total wealth. At just £350m I would buy CABP today if that was the case LOL. Ticks every single box, high growth, profitable, tonnes of cash, massive margins, huge free cash flows, just waiting on dividends!
AGM coming next week, nice buying stoch turned up and rsi both looking nice here.
So did my wife
Ok Mac, I sold the lot
Https://www.crownagentsbank.com/insights/fx-and-cross-border-payments-using-technology-to-bridge-the-divide/
By 2027 cross border payments will total $250 trillion!
Unless "The bed wetter"knows something
Fundamentals are the same, tech guy is a bed wetter
This stock is starting to worry me.Too many unknowns.Sold half my holding today at 7 per cent up Will hold the remaining 4500 shares for the ride.Invested my sale in Anglo American now that is a Strong Buy
My bad you’re right sold on 26/4/24
Fre, they were sold last Friday.
Chief technology officer sold a further 30000 shares today. Why the selling anyone?
Down over 8 per cent in a week could be soon testing 1.30 .
I hope this is a sign that he's going soon. He doesn't have a very good reputation in the technology world (helps to know people who worked for him in the past).
Rns near close announced - Chief Technology Officer sells 29,000 shares at various prices.
Thanks JP - I appreciate your insight.
Https://news.uk.cityam.com/story/2161581/content.html
Just shows what's happening with UK Companies. Massively undervalued, and being taken over.
Darktrace another one snapped up today.
And this is what I have been saying about CAB Payments, if valuation doesn't approach anywhere near fair value, it will be another one snapped up, as it ticks all the boxes.
For me CAB is a easy buy, but there are many risks. I read the IPO documents a few months ago and I think they covered all of the risks there.
For me, the 2 biggest risks of CAB by far are that they operate in developing economies and the goverments usually take wild measures to "protect" their economies when then do something silly (like printing money like mad people and expect their currencies won't suffer). At the same time, this is what differentiates CAB from many other banks and financial institutions which don't have the expertise to deal in those regions.
Any wild big change in a currency could also be problematic to CAB in the short term, but might become a huge revenue machine in the medium and long term.
The second, and this is the scary one for me, is the management. Some of the choices of the board and how the management in general didn't do anything public after the big drop of October are questionable. Someone has posted before a list of the C-level executives and the companies where they've been and I can tell from personal experience, as I've met some of them a few years ago, that some of them have no clue of what they are doing. On the other side some of them have a very clear mind of how to run the company, how to make it grow and how to keep growing the brand in a very reputable way.
I'm quite glad that the CEO has been removed, he is known as a bluffer and he showed that in CAB. The board still needs to let of a few more C-level people and hire competent managers with tangible experience of the industry or area they manage.
Peakdread
You are asking a ramper what the negatives are? hahaha
Positives sound good Jumbo.... What (if any) are the negatives?
RE: 2x New Jobs listed in New York, USA. LICENSE? 🧐Today 09:08
European License and looks like US license is just a matter of time, along with all this...
Premium Listed ✅️
Small free float getting smaller by the day ✅️
Huge margins 47% EBITDA ✅️
Massive Free Cash Flows ✅️
Zero Debt 🤯
Clean balance sheet ✅️
2024 numbers will look even better without the one off 2023 IPO costs ✅️
Huge growth opportunities - x3 by 2027 ✅️
European License granted ✅️
US License H2 24 ✅️
World Class BOD ✅️
UK Banking License ✅️
A share I've been keeping an eye on for a while now as an indicator to future CABP revenues is PZ Cussons (they make Imperial Leather soap) because they have complex investment in Nigeria and use FX trading to generate profits from Naira fluctuations. Unfortunately the wheels came off that strategy with the massive devaluations last year and their profits and SP were decimated - every 10% drop of the Naira cost them 23million it is estimated. However it looks like they may have turned a corner and today's results announcement seems to have been taken well by market, with the SP back on the rise this morning ->
https://www.proactiveinvestors.co.uk/companies/news/1046002/pz-cussons-to-sell-st-tropez-and-assess-nigeria-options-1046002.html
In the RNS from this morning, PZC mention that they've been able to withdrawn significant cash from Nigeria and put it back into USD/GBP:
"...in the first ten months of this financial year, the Group has repatriated approximately £35 million of cash from Nigeria and expects to repatriate a further £15-20 million before the end of May. This improvement has been underpinned by fiscal policy changes in Nigeria, providing improved access to US Dollars..."
Hopefully this is a sign that the Government truly has removed all restrictions and also that companies are now confident enough in the medium-term policies/stability to make informed FX decisions, all of which should only be good news for CABP with their exposure to the Naira markets.