A reluctant twenty-bagger29 Jan 2026 06:53
Tony Perkins, Bango’s senior NED and audit committee chair, had a glittering career as a number-cruncher extraordinaire at one of Britain’s top accountancy firms. He also has a hidden talent: market-timing.
Not long after forsaking accountancy—and, surprisingly, not brain dead after 40 years of auditing—Tony became a NED at Yü Group, where he is also senior NED and audit committee chair, in January 2020. That November he bought 15,000 Yu shares at 99p each and 4,500 more at £2.37 the following December. In all, he shelled out £25,515 to buy his 19,500 shares. That amounted to roughly 35% of his first two years’ pre-tax director’s pay. Not a bad commitment for a NED.
But here’s the important bit: Tony sold 4,000 Yü shares in April 2024 at £19.20, close to Yu’s ATH. Tony had nearly twenty-bagged on his initial purchase price in under four years. Impressive. Of course, no luck was involved. Tony still holds Yü 15,500 shares, now worth about £260,000 and has trousered £51,285 in loose change after deducting the total cost of his investment.
But Tony’s capital allocation is highly discriminatory. He hasn’t bought a single Bango share while readily snaffling 50,000 Bango options, exercisable at £1.335. As he is paid at least $50,000 a year at Bango, he could afford to buy a few Bango shares, even before touching his Yü winnings.
Come on, Tony, time for a review of your capital allocation. Send a signal to the market, Mr Twenty-bagger, and buy Bango. Surely, your investment success at Yü is replicable. Won’t Bango’s shares be worth £16.50 in under four years if you buy?
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