Member Info for moorhey

Batterseafish: 3 times in the past 6 years I have bought into Bango - and subsequently sold - after being lured-in by the "market opportunity" and the cries of "there's gold in them there hills" from opinion on forums like this and in no small part due to the writer Simon Thomson (ST) in the Inv Ch. Thankfully, I jumped-ship most recently when the SP was at 170 (I'd bought at about 220) after the company generously sold £5 million worth of shares for 180, undercutting the market price by about 20%. Going back through the forum, there were some fervent supporters of Bango but they seem to have gone very quiet about the company (but they are happily full of optimism on other company threads).
At the end of the day, you make your own decision, and the reason I post on this forum is so that other "innocent" investors are not drawn in by over-optimistic statements from other contributors who fail to give a balanced opinion.
Your are right, the market that Bango operates in is full of opportunity, but you have to wonder if the current management and BoD have the wit and ability to make the most of that opportunity when the track record of 10 years of losses and a £35 million debt on the balance sheet suggests they haven't.

Methinks dumbdog is a spoof account purporting to be a supporter of a no-deal brexit with with BJ (blow job) Boris in the driving seat; but he's really a "remainer" and revels in the prospect of winding-up reader with his twittering comments. At least if he's contributing here, then he's not watching porn.

Fears that world market values are too high after a decade-long Bull market, worldwide security issues due to regimes murdering opponents with impunity, possibility of an oil price spike to over US$100 a barrel if Saudi retaliates to sanctions - oh, and something called Brexit and the increasing likelihood of no deal.

At time like this I try and avoid beating myself up over the downturn in the market. However, even with my portfolio down 10% off its peak - I know things could be worse, I may have stuck with Bango.

From 510 to 5100 in 10 years! What a company. Look at the graph, slow and steady growth. No big jumps, no big dips, just a relentless path of growth. If you could give me a handful of the companies I'd retire tomorrow.

Essentially, SAGE is the same company today as it was yesterday. What we do not know from the RNS is what the reasons were for the departure of the CEO: has he run out of enthusiasm? Has he run out of ideas? Does he think there is little growth left in the business model?
Probably a buying opportunity only for the brave.

Simon_Said: you have made numerous comments yourself about the lack of a market, so if I'm a "Wally" then you are too. And (according to your posts going back to April 2017) you have been buying Bango at prices from 99p to over 200p so we only have your word for it that you are currently in profit. With the SP at 160 you could well just be breaking even. The reason for my earlier post is that this company gets far too much of a plug from Simon Thompson in the Investors Chronicle given the lack of market in the company and how volatile the SP is, and I've made a similar comment on the IC website. ST's reply confirmed that only 200,00 shares traded - out of a total of 65 million - to move the price nearly 10% today. I've been in and out of this company 3 times since 2013, and know it well enough to make comments about it on a public forum.

So then Simon_Said, you are sitting on a 40% loss with this one - no wonder you are bullish. While you are trying to ramp this one up (probably so you can offload at a smaller loss) tell me what is the largest trade this morning - the one that caused the 10% jump in the SP? Almost 65% of this company is held by institutional investors and they are not selling, so this market is made up of Bertie Bogtrotter selling his 1000 shares to Fred Flintstone, who sells them back to Bertie tomorrow.

bandit1: whether we voted Leave, Remain or spoiled the ballot paper, we all know that Brexit is coming - what we'd all like to know is what sort of Britain we will be living in on Monday 1st April 2019. Yes, we have a good education system, but we need to retain those educated people here in the UK to get the benefit. I've yet to hear of one short-term benefit of leaving the EU - and please don't say we will take back control, not when we have such an inept Government. Two years of negotiation led by the Brexiteers-in-Chief, who then resign as they cannot get their own way - and the EU deal was supposed to be the easiest to get (that opinion was pre-Referendum). Yes, I think we are about 70% likely to get a "no-deal" HARD Brexit and while a few head-bangers will be cheering that outcome, the other 65 million of us will quickly learn just what that means the hard way. However, like MattTheBrave, I remain confident in LGEN and it's SP especially as it's backed by a valuable dividend and I'm expecting the SP to top 300+ before this year ends. But I'm likely to be mainly in cash coming March 2019. I like the way some Brexiteer MP's are now saying the Referendum voters "knew" how bad for the economy Brexit would be as the Remain Campaign told them (I thought that was Project Fear, not Project Reality) and so those who voted "Leave" have no cause for complaint and the Brexiteers have no responsibility to any harm caused to the economy. Take control? Headless chicken more like.

I hope your newsagent didn't lose his shirt on Carillion.
GENUS is a company I like the look of, but some of the others on your Xmas shopping list are not looking too healthy.

Sorry to hear that Scudsurfer. To be honest, I wish I'd sold-off back in January as the SP is down almost 20% since then. This isn't due to the strength of the holdings, or the exchange rate (£ to Euro) it's mainly due to confidence in this investment trust. The SP has gone from a slight premium to NAV at the end of March, to a 11% discount to NAV this week. Whereas the benchmark index MSCI Europe SMC has remained fairly level. This could be a buying opportunity.

"Underlying trading in the year to date has been stable with the Group actively deciding to focus on higher margin business and ceasing certain lower margin media buying activities." Eh? Trading is stable and focus is on higher margin business - so why the drop in revenue? This makes no sense. "The Group has also seen some impact from regulatory changes, namely the closure of the Australian market at the end of 2017 in addition to uncertainty regarding the regulatory status of certain European markets during 2018. These regulatory changes have triggered a re-alignment in how operators and marketers can work which should lead to a clearer and more functional environment." Australia provided less than 3% of revenue in the year ending 31Dec2017, So even if the entire Australian revenue stream was lost why would that result in the SP adjustment today? Something smells a bit fishy here, and it seems that Blackrock caught a wiff and sold out earlier this month.

I've found this company via my 15yo playing esports and yes, it is exciting that 350 million view esports (worldwide audience) but that isn't transferring into earnings yet, and probably won't until pay-per-view is introduced (as with football - "soccer" in the USA) or esports go mainstream and other companies use the platform for advertising (as in the USA with basketball, baseball, and college football). It's also a worry that as revenue has increased, so have costs - and the balance sheet has actually got worse. Without a doubt, esports has a great future, but not a time to invest just yet.

This is why I bought the. share for my SIPP, I can see this company being in the FTSE100 inside 5 years.. I have taken positions on 5 companies that I think have the potential to be FTSE100 companies in that time frame. Along with KWS, I'm also into GBG, FDM, SCH and XLM

Absolutely Endion. This company has potentially a huge future and is one of a handful of companies I'm hoping has the potential to enter the FTSE100 within 5 years - ie be worth £4bn+

On one my "band of 5" companies which could potentially be in the FTSE100 in 5 years time: the others are FDM, GBG; SCH, and XLM.

On one my "band of 5" companies which could potentially be in the FTSE100 in 5 years time: the others are FDM; KWS; SCH, and XLM.

On one my "band of 5" companies which could potentially be in the FTSE100 in 5 years time: the others are GBG; KWS; SCH, and XLM.

It may be a bit speculative but all this sabre-rattling being done by our very diplomatic Foreign Secretary might filter down to increased spending on defence. What I'm not sure of is whether BAE will benefit, or will it be some other outfit. For the time-being, I'm continuing to hold on to my shares.

My first purchase was when the SP was at 355 and I'm not selling yet, I reckon this has a long way to go, it will probably top 700 by the year end and, post-Brexit, it is well-positioned to do well as a defensive holding - we could see 800+.