Boku Share Price (BOKU)

Am surprised no comment re what appears to be huge deal in India. Am visiting there now and the app seems to be used by many businesses large and small. Payment with the app on a smart phone means no card required and no payment machine required by vendor. Work's by scanning a qr code smart phone to smart phone. This could be. a good way for PI to gain exposure to fast growing Indian economy. Maybe a billion consumers. Could be significant even for a company with a market cap as large as Boku.

There is a bit of confusion out there in the market this morning about trading update EBITDA of $27.3m versus $25.8m.

- They decided to pay $2m worth of bonuses to the wider employee base given the amazing traction in 2023 after the year closed. Half of this, which is non-contractual, is being asked to be accounted for in FY23 by the new auditor despite cash impact being FY24 - makes sense.

- If you search for 226 in the release, you will see that their AWS payments have been redefined; they go from being accounted for in depreciation to being accounted for in opex. The new auditor takes a different view to the prior here, and c.300k has been taken from depreciation and put into opex in FY23 because of this - again, makes sense to me.

- These things together account for the difference, and we are not reading too much into it!

STRONG BUY

I am new to this company, but am a holder.

I would be interested to hear others view on the growth of the company and how much development is taken to intangibles rather than going through the P&L - to me it looks as though LPMs are the star of the year but how much of that revenue has to be shared with the partners - or is that $16m just our share? Also, why did the core business seem to only grow 15%, if I am not mistaken?

All info gratefully received.

Generally, an extremely docile board for such a large (AIM?) company!

The recent lows in September seem to be in the rear view mirror. I remain underwater, but not inclined to add to my losses through averaging down; my preference being to average up.

A mention here might be of interest https://citywire.com/investment-trust-insider/news/expert-view-888-mands-asos-boku-mj-glesson/a2406745

One situation which remains off the radar is Boku (BOKU), where the payments company’s recent deal with Amazon and expansion into new territories is a highlight. This is especially a standout given https://www.share-talk.com/traders-cafe-with-zak-mir-a-week-in-small-caps-saturday-1st-october-2022/