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I too am heavily invested and equally relaxed about the share price - convinced about the excellent prospects of this company. Also a little confused to see share price dropping when the buy ratio so heavily outweighs sells. Any explanations??
Continuing great progress!
Yes, they seem quite relaxed about projections, maybe letting results speak for themselves. For that reason I tend to rely on Cenkos Securities and St / IC for “best” information - both seem to have their ear to the ground and both are very bullish. Their regular updates have kept me in the game and if their projections are accurate we may be seeing the start of a strong correction north.
That's interesting, but either way it's provided a massive buying opportunity! The catalyst for the upgrade is 13th March and we may be starting to see that kick in.
This stock is heavily oversold in my opinion and will tick up before results day as investors buy in early - maybe one or two signs of that this week. Simon Thompson said last week that Bango are right on track and if this is confirmed on the 13th, I think this will correct sharply upwards.
That's a nice point - buying Audiens may prove to be a shrewd move in a number of ways, not least of all because it should start adding value with immediate effect. SP apart, the noise surrounding this company is very positive at the moment and I strongly suspect EUS will gain strong momentum this year leading to the kind of valuations ST is talking about. We cant be too far off the bottom now - just a question when to top up - certainly before the 13th March!
Posted on ADVFN as well: an update from Simon Thompson on 12th Feb, perhaps offering some light at the end of the tunnel, "Furthermore, having hit monthly cash profit break-even in November, analyst Ian McInally of Cenkos Securities forecasts a cash profit of �3m in 2018 based on total EUS activity of �592m. If Bango can maintain its EUS growth rate, my models suggest it could be making net profits of �10m by 2020, supporting my 300p target price to value the equity at �200m. I remain a buyer ahead of full-year results on Tuesday 13 March. Buy." For the full article: https://www.investorschronicle.co.uk/comment/2018/01/22/a-six-timer-of-small-cap-plays/
Know very little about shorting but it would seem illogical to open positions at present. The stock is climbing in anticipation of Trading Update next week with the possibility of a real SP surge if EUS numbers and outlook are as strong as they might be. Why take the risk at this stage? Am I missing something?
Thanks for that Simon - I must say I find price movement irrational sometimes though I probably just need to understand the underlying drivers a little better. I note the announcement from Liontrust this morning that they have received back circa 200,000 shares (my estimate) on 27th December which they had loaned out. Do you reckon these shares have been used to short the stock in recent weeks, keeping the price subdued? Their return also coincided with the spike in the SP the last few days - coincidence or not? I'm not sure how these things may or may not affect the SP.
Can anyone explain why we've had such a sharp fall today on an apparent volume of less than 20,000? Is this a true volume? Why would MMs want to reduce price for no apparent reason?
Yes, very interesting month ahead. Apparently Ray Anderson came across very well in a Bloomberg interview this morning, thereby kicking the share price into life (see ADVFN bulletin board). I'm thinking we'll see the other side of £3 following results - there have been some huge deals since Simon Thompson set this target price a few months ago, and the Christmas effect could give the EUS figures a real boost. We'll see!
Reference short interview with Ray Anderson expecting two announcements to be made, one before end of this year and the other right at the beginning of next: Http://www.proactiveinvestors.co.uk/companies/stocktube/8406/bango-plc-s-ray-anderson-sees-big-opportunities-to-grow-african-footprint-8406.html Interesting times between now and trading update!
Tipped by Simon Thompson this month restating his target price of £3; tipped last month by Harriet Clarfelt; a much anticipated trading statement expected in early January (12th Jan last year), and the share price coming off the lower end of its range - could be an interesting three or four weeks! EUS is expected to hit at least £452m, up from £195m last year - a massive 132% growth rate. Just for good measure, recent significant deals have been signed in Nigeria and South Korea to name just two, thereby assuring continued rapid growth into next year. In my opinion, this is not a company to be out of. Additionally, could it be that expected EUS rate has been understated? The reason I ask that is the method of calculation, as I understand it, takes one week's figures each month and annualises them. That is fine but it ignores the "Christmas effect". For example, Amazon sales of physical goods in Japan over Christmas will go through the roof, skewing EUS figures sharply north. Interesting times - we'll find out soon enough!
Ok, got it! Poor indeed, largely because of its generic nature - Bango is unique in respect of its amazing growth. However, the article does acknowledge "....even if markets do correct next year some of the highest fliers could continue rising in the long term". There are few flying higher than Bango!
Help me out here. I’ve got IC, 8th Dec, and haven’t found mention of Bango - it certainly isn’t referenced in the index. Go back a week to read Simon Thompson’s article - he’s the authority on this company and understands it far better than any of the others who occasionally dip in. Bango has the superior product by far, it has momentum, its capturing significant market share in the areas where the DCB culture is prevalent. Bring on January, bring on profitability and bring on next year’s outlook!
The last coverage of Bango by IC was by Simon Thompson on 1st December and he reiterated his buy stance with a target price of £3.This has been his target for a few months now and predates the huge deals signed with companies in South Korea and Nigeria, not to mention Egypt and others. The point is that a company is only expensive if it its valuation is unsupported by financial growth and Bango continues to grow exponentially with the worlds most sophisticated and adaptable DCB platform. Simon Thompson's valuation is well supported and January's interim results will confirm this and we should see it reflected in the share price. The volatility we have seen in the last couple of weeks is typical for Bango (look at graph) largely because it is an illiquid share whose price can be moved with little volume, but this does present excellent buying opportunities when it happens - it can move up just as quickly as it can move down. I can find no article in any IC suggesting Bango is a sell and expect it to get great coverage in January around results time.
The last coverage of Bango by IC was by Simon Thompson on 1st December and he reiterated his buy stance with a target price of £3.This has been his target for a few months now and predates the huge deals signed with companies in South Korea and Nigeria, not to mention Egypt and others. The point is that a company is only expensive if it its valuation is unsupported by financial growth and Bango continues to grow exponentially with the worlds most sophisticated and adaptable DCB platform. Simon Thompson's valuation is well supported and January's interim results will confirm this and we should see it reflected in the share price. The volatility we have seen in the last couple of weeks is typical for Bango (look at graph) largely because it is an illiquid share whose price can be moved with little volume, but this does present excellent buying opportunities when it happens - it can move up just as quickly as it can move down. I can find no article in any IC suggesting Bango is a sell and expect it to get great coverage in January around results time.
The Fortumo article is practically 5 years old now, a long time in the world of this technology. It suggests the company uses SMS which, as I understand it, limits the services it can provide. I would have thought any major company looking for a DCB platform would accept nothing less than the platform that gives it an edge over it's competitors and maximises revenue streams - that has to be Bango in the current market with its Bango Boost technology and other add ons. Isn't that why Bango has been scooping up market share? If these assumptions are correct the pressure is on Bango's competitors to catch up but in the mean time Bango can focus on establishing itself as the standard model, a term I've heard associated with them frequently recently. Surely their aim must be to gain market share, gain critical mass and become THE standard model, the payment platform of choice.
At what point are share holders entitled to know what is going on? Do we not have a right to information in this matter?
"........ I feel that my target price of 300p, valuing the equity at �200m, or 10 times my estimate of 2020 net profits, is not unrealistic. So, having last advised buying at 225p (�Repeat buying opportunities�, 29 Aug 2017), I continue to rate Bango�s shares a strong buy." Bango is Simon Thompson's "stock of the year" and was valuing Bango at �3 prior to South Korea, Infomedia and Egypt announcements, not to mention their first Christmas providing Amazon's payment platform in Japan - Bango was further tipped last week by Harriet Clarfelt, IC. I prefer to leave the analysis to experts and none come better qualified, in my opinion, than ST. Not a good time to be out of this stock because at some before the announcement the price will start to move. Given the continuing rapid growth of this company it seems the figures and future projections could be very much on the upside.