George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
18 mins ago
We are thrilled to have been shortlisted for the Innovation category at the European Pensions Awards🎉
Head over to our website to learn more about our EMpower Pensions offering 👉 https://lnkd.in/eFV6fSAm
See the full shortlist here: https://lnkd.in/gqCzmP-A
Congratulations to our pensions team, and fingers crossed!
#EuropeanPensionsAwards #Shortlisted #Awards #TeamCAB
Rates cut in June,, it's a bonanza expansion into the EUROZONE,,, Looking Good..
Rate's cut in the Euro it's going to be a bonanza,, it's going to be a plus,, June cut,, looking Good going forward
By any measure this is extraordinary. Which other business is looking to grow by 300% in 3 years!!
CABP Europe starting from a base of Zero
CABP US will be starting from a base of Zero
Aswel as the existing business which continues to grow, Europe and US will add exceptional growth opportunities.
And with a large pile of cash, no debt, very low capital costs, and a world class BOD with all their links, they can manoeuvre in a nimble flexible way to grasp the opportunity.
If CABP grows x3 by 2027, revenues would be ~£400m, with ~£200m EBITDA at current ~50% margin. With just 254m shares, that's 80p a share 🤯🤯
1 license issued, 1 license due soon, IMO would not be surprised at all if IPO price of 330p is taken out this year, stupidly low valuation.
One which the market has totally mispriced, and PI's totally in the dark. Multibagger opportunity for sure, I know iv been saying this since 65-70p 😉. Ignore the 'noise', they are desperate for your shares.
DYOR
My price Target of £5.85 Should be reached by end of Year.. As the Expansion takes hold Next Year and profits Five fold start to come in,,Then expansion starts to kick in the USA that's where I get £20- £30 a share price... it's the best investment ever.. The potential is Huge,, and looking ahead this to be ftste Top 100 by market cap..
So Jumbo, How many shares do you hold?
The potential is huge,, Next Few Years as expansion takes it Hold,, it's going to be the best investment ever,, With Huge Dividends pay out,, as I've been saying all the way from 54p it's a Solid Buy and Hold and Top Up on the Dips,, as i did few days ago,, I'm fully loaded and I'm going to buy more as funds become available
Sharing as it was removed from spread betting a few week ago and only available for their share dealing accounts.
Who`s still in from 50p range ? Well done for holding. Been a great share for Me trading the dips and looks like it will continue moving higher. No idea what a fair value is but £3.00 min can be achieved this Year when European market becomes fully established. What price when US licence is obtained is another matter....God Bless CABP...
Driven by client demand
Expansion to the EEA is driven by market demand and is therefore an important element of the company’s global ambitions. The current global payment landscape poses difficulties for EEA organisations to efficiently transfer funds to and from emerging markets as the withdrawal of larger traditional banks has reduced the reach and competitiveness in cross-border payments.
CAB Payments Europe will connect its clients to underserved geographies rapidly and consistently so money can move where it’s needed most. It offers a single API for all FX and cross-border payments with 100+ currencies across 700+ currency pairs. CAB Payments Europe benefits from the extensive network of partners that comes from being part of CAB Payments Holdings which ensures competitive pricing, and fast and reliable settlement.
“FX and payments to and from hard-to-reach markets are often expensive, slow, and opaque. Cross-border transactions can be subject to significant fees and FX margins. For EEA organisations, especially governments and NGOs looking to transparently disburse aid during humanitarian crises, these challenges exacerbate global inequality, stunts international trade, and limits growth,” said Kostas Konstantis, General Manager at CAB Payments Europe. “CAB Payments Europe aims to solve this problem across the EEA. Our network, tech, and expertise means we can move money quickly, cost effectively, and transparently in complex situations, to complicated markets, for leading global organisations that uphold the highest standards.”
Bhairav Trivedi, CAB Payments CEO commented, “I am delighted that CAB Payments Europe has received this approval with such a respected regulator within the EEA; this is testament to the quality of our compliance and service culture. This is a significant step in the expansion of the business and presents a substantial growth opportunity. We have long seen Europe as an important market for the Group. We look forward to engaging with potential clients, to move money where it’s needed.”
Now thats what these chat forums are about............
Nice one!
CAB Payments launches in Europe
04 April 2024
Source: CAB Payments
CAB Payments Holdings today announced it has expanded into the European Economic Area (EEA) with the establishment of CAB Europe BV, trading as CAB Payments Europe.
CAB Payments Europe has secured a payment service provider licence with De Nederlandsche Bank N.V., (DNB) to provide services in the Netherlands and the ability to exercise passporting rights to offer its services across the EEA. From its base in the Netherlands CAB Payments Europe will provide access to a global pool of G10 and hard-to-reach market currencies along with wholesale FX and cross-border payments, and last-mile delivery services.
The commercial activities of CAB Payments Europe are led by Kostas Konstantis as General Manager, who has more than 20 years of experience in financial services working with ABN AMRO, BNP Paribas, and RBS. CAB Payments Europe has also established a Supervisory Board to oversee the new entity. The Board comprises of:
• Tamara Monzon as Chair is an interim executive board member at Context Logics Collections (payments platform of Wish) and professional Supervisory Board member and Vice Chair of the Supervisory Board at Uber Payments.
• Steven Marshall, as shareholder representative, also Chief Partnerships Officer at Crown Agents Bank.
CAB Payments Europe benefits from CAB Payments’ access to an established global payments network, scalable, purpose-built technology platform, and longstanding relationships, to ensure organisations can move money to and from hard-to-reach markets quickly, efficiently, and securely.
Specialist provider enters the EEA market
Moving money across borders is a large, structurally growing market where there is a high demand to access, trade and disburse funds in emerging economies. However, despite this opportunity and demand, cross-border payments can be expensive, slow and opaque, particularly in these hard-to-reach markets.
To support its clients in the EEA and work with new organisations, CAB Payments Europe has established its European headquarters in Amsterdam, and plans, to draw from the exceptional talent pool in the Netherlands.
The Netherlands was selected due to the market opportunity and strong client base within the region, as well as its high regulatory standards that are aligned with wider European regulations. Additionally, the Netherlands provides a combination of strong financial infrastructure, an established fintech ecosystem, global connectivity, and a vibrant international development sector that made it an attractive destination for CAB Payments to expand its operations in the EEA.
Driven by client demand
Expansion to the EEA is driven by market demand and is therefore an important element of the company’s global ambitions. The current global payment landscape poses difficulties for EEA organisations to efficiently transfer funds to and from emerging markets as the withdrawal of larger tradit
CAB Payments Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 19%.
Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 11% decline forecast for the Diversified Financial industry in the United Kingdom.,, This is Without the expansion eurozone and the USA,,, Looking Very Good for the Long Term ,,,
Enjoy the ride
Just saw US job vacancy on linked in - it says it was advertised a week ago, so good
I’m in. !!