Member Info for kotichava

Sudden shorter's attack today. Hope they all will be burned in few days. I dont think company needs to RNS anything regarding share price.

Nigerian government is trying to devalue Naira. As for the Naira, it appears the more the central government tries to pin down the value, the larger the margin for CAB. If/when the Naira is traded freely and no longer manipulated, CAB's H1 2023 margins will decrease but not go away

Nigerian government is trying to devalue Naira. As for the Naira, it appears the more the central government tries to pin down the value, the larger the margin for CAB. If/when the Naira is traded freely and no longer manipulated,

CAB's H1 2023 margins will decrease but not go away

Why do they keep saying current £370 million in sales and margins of less than 6%. As of this year, single digit growth on £187 mil. Looks like, Revb is following Boohoo's values in business.

Suddenly volume dropped today. There are no buybacks today. Somebody has gone for long weekend.😀

Recent Naira devaluation increases the margins for CABP, increases the bottom-line growth

Some of the remarks from JPMorgan in their last update:

FY23 has been guided to grow at least 20% over FY22 and our forecasts reflect that specific guidance (JPMe £132m +21%). However given that 4Q is historically the strongest quarter of the year, we consider the potential outcomes for 2024, and forecast 15% growth for the business next year. When faced with a share price decline of this magnitude, we are often asked for the bear case for estimates - the most bearish scenario in our view would assume that Central African Franc (XAF)

and West African Franc(XOF) trading does not return through the year; this would imply FY24 revenue would be similar to FY22, i.e. down ~17% vs ˕23. We see this bear case as unlikely given the business should grow due to 1) New customers; 2) New revenue from the banking license in Netherlands likely in FY24 + representative office in US which should also open; 3) Nigerian Naira corridor which is down in 2H23 should begin to go back to growth in FY24; and 4) Most countries which have restricted foreign currency traders in the past have loosened the restrictions when hard currencies went into short supply in those countries,

so it is likely to be a matter of time when the XAF and XOF corridors will re-open. The issue is that one cannot say exactly when. Beyond 2024 we forecast ˕25 growth of 20%, i.e. lower than the company's mid term target of 35-40% given that currency corridors the

company is trading are unpredictable and volatile due to emerging market exposure where regulations change rapidly.

Asartara, Have you closed cabp short? I assume you shorted at 52 range.

Nigeria is a key market for CAB, the year’s biggest and most notorious London IPO. The emerging-markets currency specialist warned on profits less than four months after listing, blaming “a number of changes to the market conditions in some of its key currency corridors, on top of the ongoing uncertainties surrounding the [Nigerian] naira, which are impacting both volumes and margins”. *

Dollar-to-naira trading became CAB’s biggest market in 2021 after Nigeria devalued its currency to counteract the impact of falling oil prices. The west African country has long tolerated multiple foreign exchange rates, with official and unofficial market-determined prices available alongside the official dollar-pegged value.

CAB is not authorised by the CBN to trade naira and it has no presence on the ground. Its main Nigerian business is offshore, via what’s known as the unofficial parallel market. The company brokers transactions between developed-market customers such as international development agencies and locally licensed liquidity providers that can deliver the cash to client accounts, priced according to supply and demand.

Parallel forex markets in Nigeria are long established and partly legalised through the licensing of local bureau de change operators, though their exact regulatory status changes often.

As part of its 2021 intervention, the CBN cut foreign exchange supply to the bureaus de change, squeezing liquidity and giving an advantage to offshore brokers such as CAB.

Dollar-to-naira exchange was a £2mn business for CAB in 2020. By 2022 it had swelled to £26mn, or nearly a third of group FX revenue. CAB’s estimated fees on naira trading (known as the take rate) soared from 0.60 per cent in 2020 to 3.65 per cent, according to research from JPMorgan, the IPO’s sole sponsor and joint global co-ordinator.

DraftKings walked away after Mendelsohn revealed in mid-July that the UK gambling regulator had placed 888’s licence under review over concerns about a longstanding tax bribery probe into GVC’s business dealings in Turkey during Alexander’s time as chief executive. Mendelsohn has since appointed former Fortuna chief executive Per Widerström as 888 chief executive.

Next year accounts till 2023 December must be published before March 2024.

CABP prospectus has clearly mentioned the Naira and Nigeria political risks on page 10& 11 of prospectus.

From mid-2021 through 31 March 2023, the Group's revenue has benefitted from political and market dynamics that

constrained the availability of hard currencies (i.e. USD, EUR and GBP) in Nigeria. Because the Group, its Local

Bank Account Network and its other local third party liquidity providers were able to offer a reliable source of hard

currencies in exchange for Naira, the Group's revenue benefitted as the Group was able to obtain higher take rates as

a result of increased demand and high volumes of hard currency flows into Nigeria. While a new government was

elected in Nigeria in February 2023, with the president taking office at the end of May 2023, the political and market

conditions continued to align with the Group's FX capabilities in Nigeria, allowing the Group to continue to charge

elevated take rates. However, on 9 June 2023, the Nigerian president suspended the governor of the Central Bank

of Nigeria and on 14 June 2023 the Central Bank of Nigeria issued a press release indicating a change of policy to

move towards a more free-floating Naira. While the FX markets are still repositioning to absorb and adapt to the new

Changes in the macroeconomic and political environment in the Group's markets may have an adverse effect on

the Group's business, results of operations, financial condition or prospects. policy guidance issued by the Central Bank of Nigeria, the Directors believe that it is likely that the gap between the onshore bank rates and offshore parallel market rates which have historically existed in Naira FX trading may narrow in the short term. Furthermore, the Directors believe the policy change may result in a decline in the take rate the Group can obtain on the Naira-related FX transactions it performs. It is not yet clear the magnitude of this change, but it could bring take rates down to pre-mid-2021 take rate levels or even decline below such levels. It is also possible that further changes will be enacted that could further impact Naira FX trading. A significant decline in demand for products or services related to the Group's emerging market currencies and other similar currencies, or a change in macroeconomic, political or other conditions that result in greater liquidity and reduces the group's competitive advantages in respect of these currencies, could have a material adverse effect on the Group's results of operations.

Https://investor.elfbeauty.com/news-and-events/press-releases/landing-news/2023/08-01-2023-073710693

net sales growth of 76%

Hope Revb will show good growth in the interims due to release before November end.

The Rights Issue is fully underwritten (in respect of the Non-KLK Rights Issue Shares) by Goldman Sachs International, J.P. Morgan Securities plc and Morgan Stanley & Co. International plc acting as Joint Global Coordinators and Joint Bookrunners and Citi acting as Joint Bookrunner, and (in respect of the KLK Rights Issue Shares) by KLK. J.P. Morgan Cazenove is acting as sole sponsor to the Company.

Underwriters will have to find the buyer/buyers or they have to pay themselves. So there is no way rights issue will fail and company will get the money as planned.

I can sell 300000 shares at one go. There might be big orders filling. Soon we will cross 30p.

No buyers.... Ooops. There are lots of buyers .... More than the sellers........

We have very low free float already and not much free float will be left at this rate before the accounts. I want to add more. But wait for the next week to find the base.

I have given the instructions to vote against all resolutions on Iweb.

I have 432,065 Revb shares. But Iweb does not show any corporate action yet. Probably I have to contact them.

As we know REVB has started selling in Walmart from February this year only. Probably 60% growth in Q1 will continue throughout the year 2024. Moreover FY23 was transformational year from online to in store sales and reduction in online sales was not fully compensated by increase in in store sales in FY23. FY24 will be different altogether with the introduction of new stores.