Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://bango.com/bango-joins-fast-growth-elite-list/
This should awaken some interest in Bango.
This is a major deal from several different angles. Streaming of games is where the money is to be made. https://bango.com/microsoft-cloud-gaming-a-silver-lining-for-locked-down-gamers/
People talk in terms of the next big news which will have an impact on the Bango share price will be the next trading update. In my opinion the next big news will be a new forecast, the first one for FY 2021. We had a forecast for FY 2020 in September 2019. To date we have not had one for 2021 and this is overdue. The difficulty is that there is so much uncertainty. Finncap who provide the official forecast have said they plan to issue this at the end of November. It is unlikely that they will want to issue their first FY 2021 after the year has started. FY 2021 should show a healthy improvement in profitability. Finncap develop the forecast together with the Bango management. You can log onto the Finncap research portal and see the documents including the latest forecast at https://researchlibrary.finncap.com/User/Login where you can register.
It is also likely that, before Christmas, there will be some announcement relating to at least one more significant contract.
Bango using its Asian presence to help Asian companies penetrate the US.
https://bango.com/news/general/post/zitga-increase-roas-by-20-with-bango-audiences
Marketplace seems to be taking off.
I am a long term holder and have not reduced my holding. The results were distorted by the exceptional gain on the sale of Bango Deep and the abnormal costs in promoting Bango marketplace. If these are stripped out then Bango has made reasonable progress. I believe that the share price will rise by at least 20% per annum over the next few years and I am satisfied with that. However I think the rise in the share price will be higher.
In 2017 Bango seemed to be on the brink of a breakthrough into profitability. There were lots of articles singing the praise of Bango which had business relationships with Microsoft, Google, Facebook, Amazon and various mobile companies. Not long after the Amazon Japan deal was announced the shares shot up to above £2.70.
Some of the Investment Companies bought into the story and loaded up with shares. Bango, for example, had no difficulty in placing nearly 2 million shares at £1.80 in January 2018.
Bango has not performed as the Investment Companies would have liked. Investment Companies need consistent above average growth in the overall price of their Investments. The Investment Companies have millions of shares and except when there is a major announcement, the volume of trades makes it impossible to offload anything other than a small volume of shares. This is why even when there is a positive announcement, Bango’s share price goes down. The Investment Companies use the increased volume in trades caused by the announcement to divest.
In three weeks when the results are published there will be a new outlook statement and probably a new year-end forecast. It may be enough to persuade the Investment Companies to hold. It depends what opportunities they see elsewhere. Eventually the fundamentals will see the share price rise but I suspect the Investment Companies will be sellers after the update.
In 2017 Bango seemed to be on the brink of a breakthrough into profitability. There were lots of articles singing the praise of Bango which had business relationships with Microsoft, Google, Facebook, Amazon and various mobile companies. Not long after the Amazon Japan deal was announced the shares shot up to above £2.70.
Some of the Investment Companies bought into the story and loaded up with shares. Bango, for example, had no difficulty in placing nearly 2 million shares at £1.80 in January 2018.
Bango has not performed as the Investment Companies would have liked. Investment Companies need consistent above average growth in the overall price of their Investments. The Investment Companies have millions of shares and except when there is a major announcement, the volume of trades makes it impossible to offload anything other than a small volume of shares. This is why even when there is a positive announcement, Bango’s share price goes down. The Investment Companies use the increased volume in trades caused by the announcement to divest.
In three weeks when the results are published there will be a new outlook statement and probably a new year-end forecast. It may be enough to persuade the Investment Companies to hold. It depends what opportunities they see elsewhere. Eventually the fundamentals will see the share price rise but I suspect the Investment Companies will be sellers after the update.
There is a very positive note with more detailed information on Finncap's research portal. They have not updated their target price or year end forecast but seem to indicate they will be doing so in September.
IWTO
You may well be right. Revenue earned from processing EUS was £3.18m in the first half of 2019. If you double that and add a lockdown impact you could be looking at £7million. To this you have to add in sales of data. I assume that Audiens sales for the first three months of the year will be included and some sales for Bango Marketplace. This brings you into the region of £8million, perhaps even a little more. Clearly a doubling of the £3.18 figure may not be realistic but the lockdown impact could be greater and make up for any shortfall.
https://bango.com/news/general/post/nimble-neuron-get-2x-more-paying-users-with-bango-audience
Half Year revenue £8 million up from £4.32 million
Half Year EBITDA £4million up from £0.01 million
Finncap revised target price up to £2.80 per share up from £2.25
Significant uplift by Finncap of yearend forecast.
Tipsters such as Simon Thompson telling us what clever fellows they are, having tipped the share at 69p in March, ignoring the previous tips at higher prices.
What do you think?
Because people will not be able to attend the AGM, questions which otherwise might be asked at the AGM are to be raised by sending an email in (see the latest RNS). The questions will be answered on the day of the AGM or soon after. The answers to the questions will be the equivalent of a trading update. Most people will want the same question answered, which I have already submitted.
https://bango.com/news/general/post/how-app-developers-have-increased-their-paying-users-by-up-to-9x
https://bango.com/news/general/post/is-the-worldwide-growth-in-online-payments-here-to-stay
Simply Wall Street is an Australian start up. Their base is far away from the London Stock exchange and they seem to me to be even further away from reality. Who are the analysts they refer to? The date on the article is April 5th. Who are the analysts who put out information on a Sunday? There is no mention of why the sales projections are as they are and the article is pretty vague as you would expect from an under resourced start up.
New report
https://www.progressive-research.com/company-coverage/bango-plc/
I believe in some countries e.g. Japan Amazon Fresh is doing well. This allows people to order groceries online for delivery direct to the home. Bango is involved.
An article has been published in the IC. I cannot read it but it is about Bango benefiting from Coronovirus.