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Annoying that insiders had knowledge of this before R.N.S. release hence the big jump last week. Bought more myself last week as thought that this was the reason, but legally, they are using inside information to benefit. Agree with previous message that this should be in the £2.50~£3.00 range minimum. Strong hold for Me as resisted taking any short term profits Today.
Last chance to load up here. This rocket is ready for lift off easy double your money. US licence will be rhe cream. This will be back at IPO price this year easily.!!! Last chance for a hidden gem
Interesting that BT was the one announcing this in the RNS and not the new CEO...another example of comms from the company not being quite what you might expect.
I guess as BT put all the work into it over the previous months it was only fair to let him take the glory rather than the new guy walking in and getting all the praise without any effort.
Hopefully though the next RNS that comes out will be from NK and will give a clear message the company has moved on and he is the one delivering on the next stage of growth, and there's no impression of having an ex-CEO hanging around who is engaged in any "back seat driving".
Onwards and upwards with the SP!
Fantastic news. Another massive growth opportunity, then the US license in H2 24, and it's all systems go.
With huge growth in the bag with this license, and the confidence it brings, wonder if they now go for share buybacks/Dividends with all the cash they have stacked up??
CABP vs Trustpilot
Example of how the LSE market values companies 🙈
Different businesses, but an eye popping comparison 🤯
CABP is stupidly undervalued when compared to every single metric.
PE - 7x vs 145x
Growth - 25% vs 18%
Adj EBITDA - £65m vs £15.5m
EBITDA % - 47% vs 7.7%
FCF - £57m vs £14m
EPS - 10p vs 1.7p
Debt - £0 vs not sure
Market Cap - £280m vs £780m LOL
Same PE as Trustpilot, CABP should be at £14.
Same market cap as Truspilot, even when every single financial indicator is better by many multiples, CABP should be over 300p TODAY!
Make it makes sense. CABP needs to catch up quick time.
Look at the chart, and watch out for the HUGE gap between 130p-220p, with such a small free float, IMO many will be surprised how quickly we get past 200p.
DYOR
Great news!
Brilliant news and in line with their commitment in the last RNS of the 28th March.
Huge market opportunities......this will significantly increase revenue and profits.
GLA
Nice news imo be nice to get usa i dont see why cab cant ride over 2 pounds a share if it happens this year
I wouldn't want to be short now after today's great news:!
Granting of European Licence
CAB Payments announces that its Dutch subsidiary has secured a payment service provider licence with De Nederlandsche Bank N.V. (DNB). This entity will be eligible to provide services across the European Economic Area (EEA) under the passporting regime. This is one of the operational and strategic initiatives that underpin the Group's growth aspirations for 2024 and beyond. CAB Payments is confident that being able to provide services across the EEA will bring significant opportunity for the business and for the clients and the markets it serves. The Dutch licensed firm will be based in The Netherlands and will operate under the name of CAB Payments Europe.
Bhairav Trivedi, Chief Executive Officer of CAB Payments, commented:
"I am delighted that CAB Payments Europe has received this approval from such a respected regulator within the EEA. The Company is committed to the highest standards of compliance and client service. 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."
I have no doubt the shorts tried to create a false narrative on the day of the last RNS......but the good thing is not too many PI's got swept up in the nonsense hopefully! Hedge funds always, always hedge and their plan of selling on the day of the RNS to create hysteria failed ultimately and to allow them to then exit their short positions in an orderly fashion failed ultimately....and they are now in trouble.....love it!
The FACTS and Fundamentals of the the last RNS were excellent.
The imminent EU licence will multiply revenue and profits. CABP have an excellent platform, great exec, fantastic reputation....new material clients will be acquired overnight.
Then the US licence in H2 will literally inject steroids into the SP.
This share is honestly a'no brainer' and in my opinion will be a minimum 250p+ at the end of the year.
GLA.
May be the Shorters are buying back now:
By my simple calculation, Walleye Capital are short of 1.84m (0.78%) shares at an average of 88p!
IMO - 120p should be reached soon.
12% in a day, somethings happening hopefully
Its got 250,000 as a sell on ADFVN , they are useless
Someone bought 250k at 105 so that is what you call 'faith'. My decent position now seems miniscule!
Looks like licence news leaked. Hope so.
Moving up nicely
Nah I think some people just sell on news, looking forward the company getting the next license over the line.
Jumbo - I wouldn't go that far. Shorttracker shows no increases. Let it settle for a couple of days. I think it has held up quite well today after yesterdays wobble. The figures are good. In time this will go up. Its a strong business.
Seems like shorts have it by the throat 😔
The results & dividends come out with the walking dead and other silly people David008
Anyone know when they will be announcing there final results ? as they might give a divi then.
I think we will need to wait to see Q1 24 results before this will move significantly. Q4 23 was weak. Fingers crossed for some uplifting news in the coming months. I'm keeping the faith for now
Gla.
Hence the shareprice, the future does look good though IMO
Yes im very surprised they never awarded dividends, seeing they did before the IPO
Thanks for your observations SmallMoves.
Heading back down,,