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If 130p ish smashed, IMO we will get an ice hockey stick rise to 200p+ in no time 🚀. Huge Gap to 220p.
New EU License ✅️
LSE Premium Listed ✅️
Goldman Sachs starts a position ✅️
Working Capital Advisors 5%+ few weeks back ✅️
ZERO debt ✅️
£57m FCF ✅️
£65m EBITDA ✅️
48% EBITDA Margin ✅️
25% growth WITHOUT any new licenses
World Class BOD
Growth going forward could truly be spectacular. CABP target to grow market share 3x by 2027!!
Free float non existent. Could get very interesting.
US license expected in H2 24
Hardly any PI's here, totally under the radar, institutions snapping everything up.
DYOR, read the results RNS.
Goldmans reduced last nite on there holdings
Unfortunately that's the CEO that is going out... the board gave him ~£20 million in shares at the IPO level... The board really failed there.
I have trust the new CEO will do a much better job.
I guess Goldman Sachs and Working Capital Advisors know the huge disconnect to anywhere near fair value and are happy to build a 3%+ and 5%+ position, all you need to know!
Share price has been carefully managed for months now. And who knows GS and WCA could continue building a position, and maybe others also!
We just have to patiently wait for them to fully load up before this is allowed to rerate.
EU license in the bag and then US license to come, profits, cashflow and growth will be notching up a few levels. Buys at this level and below when Dividends kick in, dividend yield could be spectacular.
Growth story of trebling market share in 3 years! Totally transformative, cannot see many other companies doing this, or even thinking about it.
DYOR, simply read the RNS's.
THINK IT HAPPEN BY SEPT gla
Anyone who has half an idea about investing would be adding these now. I've added 6 times over last 4 month. If I had more I would be piling in. Obviously GS know what there doing as well. Just follow the money. The euro licence will add good amounts of cash to the balance sheet. This will re rate when the hoovering up is done. Because this is been held up so someone can fill up. All those sells today and price goes up. Clearly been worked here.!! This is a no brainer.
Just for clarification.....Goldman Sachs did not acquire 3% of shares ......financial instrument....but still positive.
Great news again
All the loose free float being hoovered up by the big institutions.
That's over 8% gone in the last few weeks.
Https://www.crowdfundinsider.com/2024/04/223595-cab-payments-obtains-european-payment-service-provider-license/
Always impressed with the calibre of individuals at CABP.
CABP Europe new General Manager, ex ABN AMRO, BNP Paribas, and RBS.
New Chair for the Europe division has current roles at Guardian Group, Wish and Uber Payments.
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.
The CEO has over £6million invested here. Encouraging enough.
If all is going to be good over the next 12 months, we need some Director buying which would be encouraging to investors.
AIMHO - DYOR etc.
Good find something for the weekend to read, looks promising here.
Without wanting to get too carried away....that is a 5% share of a market that is only growing, so those revenue numbers could turn out to be even higher!
Think that they will be more conservative on future earning forecast from now on. Damage done from 1st one. 2nd one was reached. 3rd one to come after licence isn`t factored in yet as it has only just began trading. Better to suprise than shock as seen with share price crash.
All looking better now for price correction to reflect a true value.
Page 2 of Annual Report..
2027 Target - 5% of market share
Currently 1-1.5%, so they are looking to treble in 3 years.
By simple extrapolation - 2027 numbers could look like...
Revenue - £400m
EBITDA - £200m
FCF - £180-190m
🤯
Https://cabpayments.com/investors-home/documents/
Full Annual Report just posted on CAB Payments website today...
Take a look at the transcript from the recent results announcement which has a few clues:
https://cabpayments.com/site/assets/files/10774/cab_payments_fy23_results_26mar24_transcript_final.pdf
There's lots of good info in there, especially around the drop off in Naira revenue (around £10 million) and what the expected impact that will have going forward.
Around page 12 is where the analysts start asking for any predictions for FY24 and the current suggested figure seems to be around £147 million. The reply from CABP to that number is "...we don't see any reason at this juncture to modify or encourage that consensus up nor down, for that matter..."
They have the 40 out of 80 new clients from last year who haven't booked any revenue yet, and if they all come on line this year then that's going to be good news. However, I'm not sure if the current 147 million figure already includes them all in its assumptions.
My guess is that the EU license impact is already baked in to the 147 figure, but not the US one, so the US license is likely to have significant upwards impact on revenues.
I've also posted earlier about the huge turnaround in Naira flows in first few months of this year now that the central bank has eased up their interventions, so it will be key to see how this impacts CABP in the revised much more consolidated market (the central bank shut down thousands of dodgy currency traders). I have a sneaking suspicion CABP are going to do very well out of it.
Bottom line then is around £147 million revenue with EBITDA of £66 million, but there's potential for those numbers to be significantly higher if everything falls into place.
You will be back in the black before end if year for sure. Just a matter of holding or adding. Lower your average.
I've been here since the IPO. Didn't have the confidence to buy any more until it hit 90p and got some more at 106 before it slid back again. Enjoying the ride and getting closer to break even.
From LinkedIn...
We welcome CAB Payments Europe into the CAB Payments Group!
Our holding company today announced the opening of the Europe office based in the Netherlands.
To find out more about this expansion visit: https://lnkd.in/eH42NXFa
#CABPaymentsEurope #CrossBorderPayments #CABPayments #EEA #expansion #CrownAgentsBank
Has anyone seen any predicted earnings for next 12 month? Must of been waiting for this before doing them. Looking forward to seeing them. Can't wait til US License is given
I average 78p did get ome at 52 my lowest. 11k up and not even thinking of coming out until we pass at least £2. I will even add if we see a drop back to 110
And as a celebratory performance, let's remember some distinguished members (guess who they are).
Member1: The SP of this should be 20p! Any fintech company can open branches all across the world and do the same thing CAB does with a snap of their fingers.
Member2: Oh the bad news today! When this will stop? I doubt this company will survive tomorrow.
Happens on nearly every company, always has and probably always will.