Member Info for Holden77

He is so far out of his depth and is responsible for this SHAMBLES!

Dps1329. I'm still sitting on the fence here as I still think these will fall further - for the reasons I list below: IMHO/DYOR.

CAB are supposedly making 20% of their staff redundant.

Morale can't be great especially for those with Share Options based on future price targets.

CAB are advertising for a Senior Sales Executive to grow their business (someone with contacts).

The FD left after many years - why?

Margins of FX trading are being squeezed all the time.

There have been a few "token" Director Dealings but this has not moved the price.

Our CEO still hasn't shown willing and bought any shares - why not?

Best wishes,

bigwadds

I notice that our wonderful CEO has not purchased any shares to date?

Probably because he doesn't need to (or want to) as he just gets given his for nothing!

IMHO/DYOR

Wiggly,

Thank you. This is probably the most sensible and informative assessment of the situation I have read.

Best wishes all.

James Hopkinson left Metro Bank on 12/01/2024?

His L#nke#In says (left 2024).

Good luck to him in this new role which I think will be very challenging? - IMO

Danno01 - I'm sitting on the sidelines here.

CAB has employed lots of highly paid staff in the past year all of which seem to be organising costly conferences and events all over the world it seems. The CEO also has recently been visting countries overseas presumably trying to promote CAP ....all of which will cost money. You only have to look at L@nked#n for example and see all the new hires (with fancy job titles) stating that they are hosting a CAB event with several colleagues. All of which will be costly.

On the basis, that they need to make 20% of their workforce redundant, the CFO leaving and the fine FX margins becoming "finer" and more diluted, I'm concerned that their costs will still outweigh their revenue and thus have an ongoing impact on their profits for the foreseeable future.

I'm sure we will find out more on 13th March 2025. I'll wait and see.

AIMHO - DYOR

Good luck all.

The CEO is so out of his depth and MUST go NOW.

There is so much incompetence .

As I type this, Arvind Balan is still listed under the Executive leadership team and The Board on their website - who is responsible for this?

SHAMBLES GIL@ART#N

And our wonderful CEO is on an all expenses jolly to the Bahamas claiming this is going to turn things around !!!

Got to be worth a go at this level and leave it 3 months?

Maybe he finally realised that his sums don't add up!

He has spent the past 18 months approving numerous high salaries for so many "key "staff (all with fancy titles) to then realise that they now need to make 20% of all staff redundant.

He and the CEO have a lot to answer for. Under their watch things have just gone from bad to worse to terrible!

No doubt he will get a massive pay off so won't really care about what happens to the company nor the share price! - He has been paid handsomely for 9 years and now chooses to leave the sinking ship with an even bigger hole now thanks to his wonderful management of the purse strings! AIMO- DYOR

Our CEO should be top of the queue when they issue the redundancies!

Lets hope our wonderful CEO is one of the 20% to be made redundant! This will save the company a fortune.

Anyone like to predict/guess what the price will be after the Trading Update on Thursday?

Sorry Amers...

I meant the Trading Update is due on Thursday 16/01/25 - (Fatfingeritus!)

Fingers crossed for something decent and positive for a change!

Trading Update - Thursday, 16/10/25

https://cabpayments.com/investors-home/latest-updates-calendar/

Let's hope the price doesn't drop much lower!

I think we will see some decent buying of CAB with the MM's ticking the price up each day until the Trading Update on 19/01/25. This is what usually happens to "decent" company's whose price has been "smashed" in the run up to any Results.

A positive update on the US Licence prior to 19/01/25 will certainly help boost the price?

No advice given and AIMHO. Good Luck all

Just a reminder of what our previous CEO said on 26/03/2024:

Bhairav Trivedi, Chief Executive Officer of CAB Payments, commented:

2023 was another year of strong growth for the Group, with income ahead of the prior year by 25%. We attracted 83 new clients to an already high-quality list, made up of G10 government entities, some of the world's best known international development organisations, global remittance companies, emerging markets financial institutions and, increasingly, major market banks. Clients choose CAB Payments due to the strength of its banking and technology network, its robust compliance culture, and the breadth of its global banking partner relationships.

We are in the final stages of the application process for our EU licence and continue to expect our US licence to be granted in the second half of this year. These licences will open up significant additional sales channels for CAB Payments among high-quality development organisations and remittance providers, who move considerable sums into our key markets, and will also place salespeople close to major market banks in both geographies.

This “trusted person” review/investigation is still ongoing after over two years. Surely, this is taking far too long for a company the size of JIM? It’s not as if they offer a whole range of wealth planning/pensions etc. JIM is a pure stockbroker offering execution only trading. Why is it taking so long? Has JIM been offering credit and charging extortionate interest to help swell their profits? Have they not been compliant with their systems and processes? I’d be interested to know if anyone has complained to the ombudsman?

Is it the complaints to the ombudsman that count as £650 fines? Or, does a complaint to the FCA have anything to do with the fining? Also, do the ombudsman and/or the FCA publish the number of complaints for each company? Just curious to know how many people have a grievance with Jarvis and is this why the ongoing enquiry is taking forever to complete?

Has anyone on here complained to the Financial Ombudsman about JIM? If there are a few, it would be interesting to see the type of complaint.