The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A short extract from the Finn Cap broker note......
A very good six months for Bango
This is a very positive update. Although these are early numbers, H1 has been impressive.
EUS grew nearly 60% YoY, doubtless boosted by lockdown spending on mobiles.
Interestingly, the ongoing combined Bango Payment & Marketplace revenue virtually matched
the >50% growth in spend on the platform, interrupting the natural long-term decline in the
revenue conversion rate as volumes grow. The blurring of the payment processing and data
sales business revenues is increasingly making this ratio less useful. Moreover, as revenue
grows on a flat platform costs, the payments business becomes more profitable. It continues to
fund the early-stage data business, but there is now a substantive profit at the bottom line and
seen in the cashflow. We are very impressed and have confidence in H2 so make no changes
to our current forecasts ahead of the Interim results in September.
EUS continues to grow
The COVID-19 global lockdown forced people online to mobile usage and transactions; for
games, music and video streaming services, physical good and groceries in Japan.
Assisted by additional DCB spend during lockdown EUS on the platform jumped almost
60% YoY in H1 to £740m.
Bango is confident of an even stronger rise in the second half, targeting over £1,260m in
H2 to reach £2bn in the FY. There is traditionally more EUS in H2 with the Black Friday,
Cyber Monday, Amazon Prime Day sales and Christmas shopping.
?Although the lockdown has eased, the step up in H2 EUS (doubling YoY) is expected
to come from a full half benefiting from the major customer wins and route activations
seen in H1. The biggest uplift in EUS is expected to come from enabling DCB
transactions on Amazon.co.jp for Softbank subscribers (the delay of Prime Day from
July to October is a huge benefit with the additional time allowing more customers to
have discovered and signed-up for DCB).
?Another boost to H2 EUS will come from the use of the platform by the major global
telco; a £1.5m multi-year agreement for use of the platform for bundling third-party
products and services with a household name in the UK with millions of subscribers.
There is also the expansion of DCB services on Google Play store for new operators in
Asia, Latin America and Africa, as well as the DCB enablement for Hatch Gaming.
Bango PLC BGO finnCap Corporate 163.00 163.00 225.00 - Reiterates
SP target 225p
BRIEF – Bango Says H1 Revenue Up More Than 50% To 4.8 Mln STG
14-07-2020 07:30
July 14 (Reuters) – Bango PLC :
H1 Revenue 4.8 Million Stg
Adjusted Ebitda For 1h 2020 Is Expected To Exceed Full Year 2019 Value Of £0.45m (Which Included Audiens).
Source text for Eikon: ... Further company coverage:
(Reuters.Briefs@thomsonreuters.com;)
BANGO BGO Revenues BEAT........
Bango BGO..........Revenues BEAT.
BANGO PLC
("Bango")
Trading Update and Notice of Results
Record revenue growth ahead of expectations, with EUS expected to be £2B in
FY20
Bango (AIM: BGO), the mobile commerce company, is pleased to provide an update
on trading for the six months ended 30 June 2020 (1H 2020), ahead of
announcing its Interim Results on 15 September 2020.
Highlights for the period include:
Revenue*
Record Revenue growth of more than 50% to £4.8M (vs 1H 2019 Payments revenue
of £3.18M)
Adjusted** EBITDA
Adjusted EBITDA for 1H 2020 is expected to exceed the full year 2019 value of
£0.45M (which included Audiens).
Cash
The Bango Platform generated cash in 1H 2020. Cash on 30 June 2020 was £4.2M.
This accounts for NHN deal related and associated internal costs and the
Audiens earnout payment (from January 2020) totaling approximately £1.8M.
End User Spend
End User Spend (EUS) grew strongly to more than £740M. This continues the
exponential growth trend in EUS through the Bango Platform and, as the full
benefits of the customer wins and route activations (for example Softbank and
Amazon.co.jp) won during 1H2020 are seen, we expect to see a strong 2H 2020 to
meet full year forecasts.
IQE Plc : Deutsche Bank raises target price to 60p from 45p
Spot silver price..........
https://www.kitco.com/images/live/silver.gif?0.197813403106194
HOC Hochschild Mining, one to watch very carefully with higher Silver Prices.
https://content.screencast.com/users/thomaser/folders/Default/media/80c8ea84-b028-4a1b-8af8-d135e44f05c5/hoc%203.jpg
Had a copy of a certain tip sheet e-mailed through to me............stock Ive bought Ive had my eye on for a while, and must be coming out and opening today ?, maybe wrong anyway Ive taken a big position in it. BOWL Holywood Bowl
Looks like its on a support line from the chart, although it could break lower to 140p.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^BOWL&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
An UPGRADE for Centamin this morning.
Centamin PLC CEY RBC Capital Markets Outperform 177.88 175.90 180.00 210.00 Upgrades SP Target now 210p.
Just topped up with a grand I had left lying about in my folio.
Trades today 19,
12 buys and 7 sells.
Recent trades Trades today: 19
Trade time Trade price Trade quantity Buy/Sell Bid price Ask price
23 Jun 14:28:55 134.00 750 Buy 130.00 135.00
23 Jun 14:26:54 130.10 1,000 Sell 130.00 135.00
23 Jun 13:27:03 130.10 130 Sell 130.00 135.00
23 Jun 12:35:35 133.90 1,000 Buy 130.00 135.00
23 Jun 12:06:31 134.00 500 Buy 130.00 135.00
23 Jun 11:15:15 133.50 8,394 Buy 130.00 135.00
23 Jun 11:00:25 130.00 5,000 Sell 130.00 135.00
23 Jun 10:53:12 135.00 500 Buy 130.00 135.00
23 Jun 10:53:09 135.00 300 Buy 130.00 135.00
23 Jun 10:53:04 135.00 500 Buy 130.00 135.00
23 Jun 10:53:00 135.00 1,000 Buy 130.00 135.00
23 Jun 10:50:57 130.75 5,000 Sell 130.00 135.00
23 Jun 10:18:52 130.79 2,500 Sell 130.00 135.00
23 Jun 09:35:12 133.90 8,359 Buy 130.00 135.00
23 Jun 09:25:21 130.79 1,021 Sell 130.00 135.00
23 Jun 09:24:45 133.90 1,598 Buy 130.00 135.00
23 Jun 08:40:30 130.80 1,500 Sell 130.00 135.00
23 Jun 08:17:25 133.90 364 Buy 130.00 135.00
23 Jun 08:01:26 134.00 1,500 Buy 130.00 135.00
Citywire today..........
Capita turnaround continues
Capita (CPI) has offloaded Eclipse Legal Systems which Numis believes provides further evidence of the outsourcing group’s turnaround.
Analyst David Brockton retained his ‘buy’ recommendation and target price of 80p on the shares, which surged 14.8% to 49.4p yesterday.
He said the disposal of Eclipse ‘helps to reduce financial gearing, highlights some of the inherent value within the business and makes further progress delivering a turnaround’.
‘Additional planned disposals, such as Education Software Solutions for more than £500m could make further material gains in value realisation and potentially drive a significant re-rating in the shares, taking debt concerns off the table,’ said Brockton
CPI Capita..... BUY Trades far in advance of SELL trades ....so far today.
Trades 2,039
Vol. Sold 3,796,430
Sold Value £2m
Vol. Bought 4,311,914
Bought Value £2m
PE Ratio -12.753
Earnings -3.88
Dividend 0.00
Yield 0.00%
CPI Capita..........after yesterdays RNS re- disposals.......
https://www.investegate.co.uk/capita-plc--cpi-/prn/disposal-of-eclipse-legal-systems/20200619145916P8CDF/
and
https://www.investegate.co.uk/capita-plc--cpi-/prn/capita-prepares-disposal-of-education-software-business/20200619170252PA1EE/
Evil K........ Simon Cawkwell goes long and I follow him and buy, SP Target 100p.
https://masterinvestor.co.uk/evil-diaries/evil-knievil-cpi-takes-off/
Nice Bowl Chart Forming.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^CPI&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
From fridays telegraph......
Six fast growing Aim stocks to buy nowFri 13:31
Article by Sam Benstead in todays money section of the Telegraph, IQE is listed as one of the fast growing Aim stocks to buy now.
Bought a chunk of IQE after the positive trading update on the 12th June.
Trading Update
Q1 revenues were slightly ahead of internal expectations and trading in Q2 to date has been strong in both the Wireless and Photonics Business Units. Despite the significant risk of disruption posed by the Coronavirus pandemic, IQE’s production has not been affected to date. All of the Group’s global sites have continued to operate with appropriate measures and controls in place.
IQE expects total revenues for the first half to be at least £85m, representing a record first half and an increase of over 27% compared with the first half revenues of 2019. IQE also expects to return to profitability, with a low single digit adjusted operating profit for H1 2020.
https://www.investegate.co.uk/iqe-plc--iqe-/gnw/iqe-plc--trading-statement/20200612070000H2362/
Brokers like the stock.......
Latest broker views
Date Broker Recomm. Current Price Price when issued Old price New price
16 Jun 20 Deutsche Bank Buy 51.55 57.30 45.00 60.00
12 Jun 20 Peel Hunt Buy 51.55 39.48 95.00 105.00
Bullish CUP AND HANDLE PATTERN forming on the chart.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^IQE&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
BGO BANGO breaking out of 6 month chart range, 198p next resistance line.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^BGO&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=200&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^BGO&type=4&size=3&period=9&ind_type1=1&ind1_1=&ind2_1=&olx_1=&scheme=&delay_indices=DELAYED_INDICES
FLTA Filta Group,
the trades to date show BUYS way ahead of SELLS, the 8% plus fall was way overdone this morning.(it should be a bargain entry point) Can only think it may be mistakenly being mixed up with the Covid Crowd or we have a big buyer waiting for an order to be filled.
Anyway heres the figures so far today........
Trades 31
Vol. Sold 5,936
Sold Value £6,945
Vol. Bought 24,287
Bought Value £28.42k
PE Ratio 84.173
Earnings 1.39
Dividend 1.64
Yield 1.402%
FLTA Filta Trades today............... BUYs far greater than Sell Trades.
Recent tradesTrades today: 18
Trade time Trade price Trade quantity Buy/Sell Bid price Ask price
22 Jun 10:12:16 116.98 1,500 Buy 115.00 117.00
22 Jun 10:11:24 116.98 2,557 Buy 115.00 117.00
22 Jun 09:59:57 116.10 65 Buy 115.00 117.00
22 Jun 09:55:25 116.98 847 Buy 115.00 117.00
22 Jun 09:50:41 116.10 500 Buy 115.00 117.00
22 Jun 09:36:03 116.98 914 Buy 115.00 117.00
22 Jun 09:13:50 116.98 2,000 Buy 115.00 117.00
22 Jun 09:13:41 116.98 750 Buy 115.00 117.00
22 Jun 09:04:45 116.80 428 Buy 115.00 117.00
22 Jun 08:56:28 116.80 263 Buy 115.00 117.00
22 Jun 08:54:17 115.36 15,959 Sell 115.00 117.00
22 Jun 08:50:45 120.00 1,500 Buy 116.00 122.00
22 Jun 08:48:35 120.00 15,620 Buy 115.00 117.00
22 Jun 08:46:55 122.40 216 Sell 120.00 126.00
22 Jun 08:39:37 125.60 1,623 Sell 124.00 128.00
22 Jun 08:39:34 126.50 781 Buy 124.00 128.00
22 Jun 08:37:26 125.60 1,416 Sell 124.00 128.00
22 Jun 08:07:44 125.50 1,681 Sell 124.00 128.00
sky interview 19th June with Filta Group.
https://vimeo.com/430678570
Taken advantage of the 8% SP drop in FLTA Filta Group today. And bought stock.
The CEO was interviewed Friday on SKY News about its new service Filta Shield and sounded very bullish. Will help all kinds of business clean up any trace of the virus before the Great Open Up 4th July ? and also provide further back up visits. Further more we had a large Director buy on the 19th of June......
https://www.investegate.co.uk/filta-group-holdings--flta-/rns/director-pdmr-shareholding/202006191436485458Q/
CEO of Filta Group, Jason Sayers said: "As companies look to open up again after the current lockdown, the safety of employees, visitors and clients will be a key focus.
"We are proud to have developed this highly effective service in such a short period, and are now helping businesses and organisations make the necessary preparations to get back up and running as quickly as possible.
"Filta has always sought to adapt to the needs of its customers, and has already seen a growing number of orders from existing clients, as well as interest from businesses outside of our traditional customer base of restaurants and hospitality. Whilst FiltaShield is currently only available in the UK, we will look to roll out this service in the U.S. and Europe in due course."
====================================================================
Working closely with industry experts and specialist chemical suppliers, Filta is extending its range of environmental services and deploying an approved, laboratory-tested Coronavirus sanitising solution, which is effective against all enveloped viruses, killing them within minutes. The anti-viral solution, which has been developed for use in restaurants, bars, shops, offices as well as healthcare facilities, is applied to a surface by spraying or fogging, leaving behind a mono-molecular layer that bonds to the surface and protects surfaces for up to 30 days.
In addition, as part of its service to tackle Coronavirus and help businesses and public bodies adapt to new safety requirements, Filta has teamed up with a technology supplier to supply and manage temperature screening devices for its customers, which can screen up to 30 people per second for a fever. The devices, which are installed at the entrances of buildings, provide operators with a further preventive measure against the spread of Coronavirus.
https://www.investegate.co.uk/filta-group-holdings--flta-/rns/launch-of-specialist-covid-19-sanitising-service/202005070700071967M/
https://investing.thisismoney.co.uk/news/article/id/6937229/