George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Still rumbling, Sheltie! This little rally has a good vibe to it and I cant see there being a retrace until we've had our end of year update (27th December last year). Who knows, if we get a confirmatory set of numbers we might just get the rerating we've all been expecting. In the meantime the £1.40 mark is proving stubborn once again but if we can break that, we may get more significant movement.
Could be interesting. I'm fully loaded with these but tried some dummy buys and sells out of interest. Would let me sell but for the last ten minutes would not let me buy! Usually a sign of upward pressure - we'll see!
Yes, I get the takeover scenario for all the reasons mentioned, but who's going to let it go at these levels - 80% owned by institutions and two directors? Two years down the line this could be worth a fortune - after 20 years graft Ray wont be wanting to sell now to see somebody else reap the rewards of that. Not sure about the Institutions, but surely they can see the sense in hanging on to this. All being well, I'm in for three more years - hope they don't "bottle it" in the meantime!
Try this:
https://www.investorschronicle.co.uk/comment/2019/11/25/bango-gaining-momentum/
As a matter of interest, I was reading through Finncap's policy regarding advice they give out about a company's share price. A "Target Price" is one they expect a company to achieve within a twelve month period - possibly a policy shared by other brokers? A target of 225p was set a couple of months ago - I'd be very happy with that. We'll see!
Nice article in IC tomorrow morning, written by Simon Thompson.
Agreed, Sheltie, "primed"! Not sure what the catalyst will be but it cant keep growing at this rate without attracting buyers.
In case you missed it, here's what Finncap had to say about Audiens today:
Bango (BGO): Corp
Audiens impresses as a standalone operation
Audiens continues to perform very well and – two months ahead of schedule – it has now met the revenue and cost
targets set at the time of the acquisition two years ago. This has triggered the £1m deferred compensation to Marko
Maras the founder and CEO, which will be paid in January. We had already anticipated the payment in our cashflow
model towards the end of this year. It is very clear that the acquisition has been an impressive success. A key rationale
for the deal was the software, expertise and relationships Bango gained from Audiens to accelerate its new data
monetisation business; Bango Marketplace is up and running and is expected to make a significant contribution to
growth in the coming years. Furthermore, Audiens itself is clearly prospering, operating as a standalone business in Italy
and beyond, developing and marketing its cloud-based customer data platform (CDP). It has met ambitious financial
targets early by building on its commercial success, winning new customers, leveraging Bango’s global presence and
expertise, developing its product and providing excellent customer service. Its CEO anticipates growing the business
further in the years to come. This is very encouraging news and helps to underpin our current expectations and target
price.
Current Finncap target price for Bango: 225p
Some interesting articles re You Tube potential:
https://www.theguardian.com/technology/2018/sep/14/youtube-tv-is-our-fastest-growing-market
https://www.barrons.com/articles/google-youtubetv-might-be-your-next-cable-provider-51563891177
https://www.fool.com/investing/2019/03/05/youtube-tv-has-over-1-million-subscribers.aspx
Well, of course, members of this board have long since taken a position on this company - there is no need to ramp! The problem is that you speak from a position of utter ignorance without any understanding of what Bango is about. It is clear you have done zero research or, if you have, you have been unable to decipher it. There are some very savvy guys on this board with years of experience with this company , so you stand out a mile when you come on here talking like an idiot.
Make that a fourth possibility: ignorant prick. Every BB seems to have one.
Putting that aside for a moment, at the risk of duplicating stuff that may have been posted previously, here is a link to Finncap's research report on Bango. https://researchlibrary.finncap.com/File/View?file=19b4f859-c850-4189-8788-046733b10e55 Difficult to read this and not feel confident. I agree with previous posters that it's difficult to forecast profits over next couple of years because data business is so new and, therefore, an unknown quantity in respect of its rapid growth. But all these deals along with the anticipated deal with a Global Streaming Giant are building pressure - just a question of being patient.
Sorry Guys, I couldn't read any more of this claptrap from Tiger Champ without commenting. There are only three possibilities: total ignorance; a Boku troll; feeble attempt at market manipulation. This is an incredibly exciting company to be involved with and in the not too distant future we're going to see brilliant strategy, brilliant management and brilliant products reward patient investors very well. I'm loving the journey and so pleased to have bought a little piece of this company a few years ago.
Great appointment - Bango forging ahead on all fronts!
I too think Bango has a long way to go. Personally I'm waiting for projections for 2020 because I'm thinking this will be a very big year when operational gearing kicks in. If EUS continues to grow at anything like the present rate with a similar charge per transaction (.94%) then profits are going to fly - that's without any contribution from the data business. The report from Finncap could be very useful here - its long overdue and I'm wondering if it will come out in a couple of weeks time with the half-year report.
Pensioner, you're much better researched than I am concerning the complicated relationships between Bango and the merchants it services, I've always read your comments with interest and I've never had reason to question them. My gut reaction is SavvySwede was making a rather vain attempt to sow seeds of doubt amongst Bango investors, but clearly failed miserably. My best guess is he's a Boku troll.
I've picked up a few bits and pieces about Boku: they're an American company that elected to trade on our Aim market - massively dependent on Apple for business. From what I can gather they're a fairly bog standard DCB platform without any of the sophisticated add ons that Bango can offer - they haven't the contracts with the MNOs to access data, they can't enable merchants to target audiences. From memory, last year they increased trade through their platform by 49% (as opposed to Bango's 106%). Share price has dropped back 30%+ in recent weeks / months. Ray Anderson has said Boku and Bango are trading in different markets, playing down the competition. For me investing in Bango (as opposed to Boku) was always a no brainer for all the reasons above.
I am rather puzzled and vaguely amused when somebody with no material interest in Bango feels it necessary to come on the blog and tell us "Bango is definitely not for me". There are many people who haven't invested in Bango who don't feel the need to tell us. The basis of this negativity appears that he can't prove a relationship with certain companies, but so what? There are so many positives that we do not know about. We already know that Bango turned profitable in Q2, we know about the massive tax breaks and the potential £1.2b EUS forecast for 2019, more than doubling last on last year. We know about the stable cost base and that it's very unlikely Bango will have to come back to the market. We know Bango has Marketplace, a UNIQUE product with the potential to double the sales of merchants it does business with. We know Bango's growing at a faster rate than its competitors, BOKU for example. We know that operational gearing is about to kick in and, hopefully, in a couple of weeks time we will learn something of the scale of that if we're given forecasts for 2020 on 17th September. I could go on but suffice to say there is more than enough we do know about Bango to suggest it's a savvy investment.
The share price seems to be holding strong, a very good sign for Bango because in recent times it has tended to drift after a rally. The "noise" around the company suggests a re-rating is in the offing and the market appears to waiting for a signal. Maybe the 6 monthly update on 17th September will provide that, particularly if projections for next year are as strong a we might expect. The eagerly awaited report from Finncap could be another stimulus. The following link is from Marketinvestor who think similarly: https://masterinvestor.co.uk/equities/bango-could-be-at-an-inflection-point/
I must confess to being out of my depth when it comes to reading charts so with caution I note the the 50 day SMA moved ahead of the 200 day SMA ten days ago (Golden Cross?)which I believe is taken by some to be a very bullish sign - maybe somebody would like to provide some clarity to that?
Those of us who've invested in this stock over the longer term will know this company has never been stronger, it has developed a product that is far superior to its competitors, making it very attractive to global companies. The market is already picking up on this as 75% of the company is owned by Institutions and two directors, a massive proportion for a company with a market cap still under £100m. Surely something is going to give soon!
I’m intrigued by Pensioner’s comments linking Spotify with Disney who are launching at the beginning of November. How realistic is it to expect Disney to sign up with Bango because if they were to do so then surely the deal would already have been done? I’ve never really understood by these big companies are so cagey when it comes to making announcements.
You really are an arrogant prick. You don’t know anything about me and what I do know and don’t know. I have always valued this board as a place I can exchange information and opinions with generally decent people. And then someone like you comes along to spoil the party!!!!