Update & Finncap17 Sep 2019 11:57
This is what Finncap says today about Bango
"Bango (BGO): Corp
A wheel of fortune
These are exciting times for Bango as it matures and expands. After many years building merchant and carrier
connections and volumes, the payment processing platform has reached profitability and will rapidly scale revenue on a
fixed cost base. The data business is a natural evolution, driving greater payment volumes in a steadily accelerating
virtuous circle; adding more data sources will spin it ever faster. Well-managed by an experienced team and uniquely
positioned in a high growth industry, we launch coverage with the Interims in a seminal year: Bango is now fully funded
and its revenues continue to grow rapidly, targeting breakeven this year and promising significant cash profits from next.
We feel the market has yet to fully appreciate the exciting prospects for Bango and set a 225p target price."