RE: Market reaction...9 Jul 2024 22:54
It's amazing really , all the Traders, ie Kat et al plus newly aquired disciples don't really seem to discuss nor understand the contents of today's RNS.
LTH's on the otherhand appreciate what is really happening no matter how frustatingly long it takes in that GST are quietly building their European pillars/infrastructure . Yes we know Bonfirepay is most likely a shell company so why buy it they claim? The answer was in the RNS.
'The acquisition of Bonfirepay is aimed at enhancing Angra Global's B2B-focused cross-border payments and currency exchange services throughout the European Economic Area (EEA). Having a presence in Spain, through Bonfirepay, will enable Angra Global to collaborate with a broader network of European banks, non-banking financial institutions, and foreign currency providers, thereby reducing remittance costs and accelerating revenue growth.'
It will be very quickly subsumed into the Angra Global network , you won' hear of Bonfirepay ever again after that IMHO. It's all about skinning Kats, why wait and stand still for the FCA to make a decision ? Haves aid this before just get on and make your own opportunities.
Will be interesting to see what the results as at March 24 contain.