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Pin to quick picksBango Share News (BGO)

Share Price Information for Bango (BGO)

London Stock Exchange
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Share Price: 129.00
Bid: 127.00
Ask: 131.00
Change: 8.50 (7.05%)
Spread: 4.00 (3.15%)
Open: 120.50
High: 131.50
Low: 120.50
Prev. Close: 120.50
BGO Live PriceLast checked at -

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Sunday share tips: Jet2, WizzAir, Bango

Sun, 30th Jul 2023 12:44

(Sharecast News) - The Sunday Times's Lucy Tobin's recommendation to readers was to switch out off Wizz Air and into Jet2.

Aviation was indeed booming and carriers expected to rebuild their margins back to their pre-Covid levels.

But some carriers, such as Wizz Air, were carrying an "awful" lot of debt, 41 new A321neo jets were set to join its balance sheet in 2024 and higher interest rates meant that it's "bubbling" cashflow would not make much of a dent in its debts.

Furthermore, as analysts at Liberum pointed out, its shares were trading at a premium versus rivals.

And the cost of living crisis would impact on the affordability of holidays.

Jet2 on the other reported full-year revenues that were 40% above their pre-pandemic level of £5bn and its load factor hit 90.5%.

It also had a strong balance sheet, decent liquidity and the shares remained below their £19 pre-Covid peak.

Jet2's clientele also tended to be older and with higher incomes than that of straight budget carriers, the company had a "far stronger" reputation and its management was in good hands, said Tobin.

The Financial Mail on Sunday's Midas column recommended shares of Bango, the digital payments and market technology outfit, to readers.

Bango's technology allowed customers to manage their subscriptions, whilst corporate clients found it easier to charge for their goods and could reach a larger number of potential buyers.

Its list of corporate clients included the likes of Amazon, Google, Microsoft, Vodafone, Samsung and America's AT&T.

In 2022, the company processed over £7bn-worth of payments across the globe.

And its addressable market was expected to continue growing.

During the previous year, consumers worldwide spent nearly £210bn on subscriptions and total expenditure was expected to rise past £450bn in the next three years.

"Bango shares are at £1.89, having been at more than £2.50 at the beginning of the year," Midas said.

"The fall reflects wider unease about technology stocks rather than Bango's own growth potential. Supportive brokers believe Bango shares could hit £3.15, as the subscription business expands and the group moves into profit. Buy."

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