Cab Payments Share Price (CABP)

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.