Member Info for GingerHippo

I do enjoy when people say "it could go to xyz"

Yeah it could. It could also go up to from here. Anything could happen. Stop trying to make readers anchor their price expectations to random numbers you think are close enough to where we are today to not get questioned.

I don't get the price movement at all. So I just bought more *shrug*

I think something is missing from the posts below.

If Naira income is down 70% this year but total revenue is more or less the same, that means that revenue growth from everything other than Naira is substantial. So yes you might not see a big difference year on year in the bottom line, but the underlying growth story is compelling. so if you look ahead 3-5 years you'll see a significant difference in the bottom line imo, even if Naira income doesn't bounce back (which is might well do).

Add to that the expected US license in the next 5 months, and personally i see the recent drop as a buying opportunity, which I took this morning.

A few things:

1) Last year's revenue includes revenue from the white label which has now been offloaded. Revenue growth within continued operations is over 50%

2) They have hired the first employee to in the new Canada office, and are currently recruiting more. First revenues from Canada expected in September. That growth is not included in this morning's figures.

3) Dubai license expected in Sep/Oct, so that's more potential growth for H2.

4) The Mastercard solution to be rolled out in Sep.

A must-watch

https://youtu.be/HJmeMHXIuTg?si=gUMt6DwpOgyA19mQ

Drops like a stone when people see the RNS title.

Goes back up when people actually read the RNS lol

Netflix, under docuseries

Yes that was very interesting to watch.

I actually had an 12:30 meeting but I turned up a few minutes late cos I couldn't believe what I was seeing....

He did indeed.

He also said he's not happy with the share price.

All good stuff.....

FFS

Marionette, I reckon I've been in this a lot longer than you. So I think I've earned the right to hear something concrete at the AGM, not endless waffle.

F me. what is he talking about....?!

Apparently not. Very strange price movement.

I wonder if it's the same as what happened recently in Cab Payments. It went down almost 30% for no apparent reason then went back up again. I caught the low there and now 15% up on that purchase. I think something similar might be happening here.

Just bought at 32.9p. Strange price action when nothing has happened.

Hope I caught the bottom but will keep buying if it goes down more. So much good news to come here.

The best PR would be to actually complete the WL agreement.

In fact, that's the only PR that matters.

Back over £4 now.

We currently have a PE of just around 9. For a growing company that is way too low. We should be at double this price.

I can only assume Bank of America facilitated a transfer of shares to a private client. It just took a week to settle.

But yeah, strange.

Not relevant? So they massively screw shareholders over and 9 months later it's not relevant...?! You're a more forgiving person than I am.

The reason I want to read it is to see for myself if they have factored in the growth from the new EU license, the US license expected in H2, the higher interest rate environment, the onboarding of 2 huge banks (Barclays and Santander) that was happening in April of this year, the increased revenue from organisations like Save the Children etc etc.

Can anyone link the research note being discussed?

When I Googled it I got reminded that JPM worked on the IPO and therefore established the IPO price, weeks before taking out a large short. Still want to trust them?

https://www.cityam.com/jp-morgan-unit-opens-short-bet-against-cab-payments-months-after-bank-worked-on-ipo/

· Notwithstanding the previously notified unsold inventories of concentrates from the 2022 mining season, the Company now has sufficient working capital to meet ongoing obligations until early Q32024, and further repayments from the tax authorities, as yet unquantified, are expected to be transferred related to the reduction in the tax rates for the 3 year period.

In other words, we have enough cash for a few months, plus about £1M coming in from VAT we are owed, plus we have the PGM concentrate to sell.