Member Info for Plutus1

18 mins ago

We are thrilled to have been shortlisted for the Innovation category at the European Pensions Awards🎉

Head over to our website to learn more about our EMpower Pensions offering 👉 https://lnkd.in/eFV6fSAm

See the full shortlist here: https://lnkd.in/gqCzmP-A

Congratulations to our pensions team, and fingers crossed!

#EuropeanPensionsAwards #Shortlisted #Awards #TeamCAB

By any measure this is extraordinary. Which other business is looking to grow by 300% in 3 years!!

CABP Europe starting from a base of Zero

CABP US will be starting from a base of Zero

Aswel as the existing business which continues to grow, Europe and US will add exceptional growth opportunities.

And with a large pile of cash, no debt, very low capital costs, and a world class BOD with all their links, they can manoeuvre in a nimble flexible way to grasp the opportunity.

If CABP grows x3 by 2027, revenues would be ~£400m, with ~£200m EBITDA at current ~50% margin. With just 254m shares, that's 80p a share 🤯🤯

1 license issued, 1 license due soon, IMO would not be surprised at all if IPO price of 330p is taken out this year, stupidly low valuation.

One which the market has totally mispriced, and PI's totally in the dark. Multibagger opportunity for sure, I know iv been saying this since 65-70p 😉. Ignore the 'noise', they are desperate for your shares.

DYOR

European License and looks like US license is just a matter of time, along with all this...

Premium Listed ✅️

Small free float getting smaller by the day ✅️

Huge margins 47% EBITDA ✅️

Massive Free Cash Flows ✅️

Zero Debt 🤯

Clean balance sheet ✅️

2024 numbers will look even better without the one off 2023 IPO costs ✅️

Huge growth opportunities - x3 by 2027 ✅️

European License granted ✅️

US License H2 24 ✅️

World Class BOD ✅️

UK Banking License ✅️

Unique Competitve Advanatages ✅️

Start getting ready for the US license being issued 😉

IYKYK

So many moving parts now with effectively 3 businesses, 2 brand new markets, which are all massively significant on their own.

Just have to sit back, ignore the noise, and let the small free float and institutional demand work this out 📈

It's an extremely unique situation with CABP, the small free float will rerate this faster than what most will expect. 80-90% must be locked up with BOD and institutions. If big volume comes CABP could easily do 40-50% in a day. Today with just tiny volume it was up 20% at one point.

A premium listed company already massively undervalued.

Premium Listed ✅️

Small free float getting smaller by the day ✅️

Huge margins 47% EBITDA ✅️

Massive Free Cash Flows ✅️

Zero Debt 🤯

Clean balance sheet ✅️

2024 numbers will look even better without the one off 2023 IPO costs ✅️

Huge growth opportunities - x3 by 2027 ✅️

European License granted ✅️

US License H2 24 ✅️

World Class BOD ✅️

UK Banking License ✅️

Unique Competitve Advanatages ✅️

With the one-off IPO costs done, margins, FCF, Profitability will only increase further.

End of 2024 cash balance could equate to half of current market cap. An insane situation.

Institutions have run the numbers, and are buying up everything available, hence the rapid spike ups.

Could see a "ice hockey stick" 🏒 style rise back towards IPO and beyond.

US License will then add further rocket boosters later this year.

Dividends, share buybacks a good possibility with all the cash being built up.

Perfect storm brewing for incredible returns over the next 12-18months.

DYOR

From the Annual Report issued last week...

""The Group remains debt free with no debt securities in issue, we are proud that our debt free and highly-liquid balance sheet enables us to move in an agile manner to seize on growth opportunities""

Probably has £90m-£100m in Cash, with £57m FCF in 2023 alone.

Been saying for a while, CABP either has a massive rerate, or it will be snapped up by a predator. It's a cash machine, simple as.

New license/s opens up HUGE HUGE growth opportunities. WCA and Goldman Sachs know it.

They are looking to x3 in volumes in 3 years!! Extraordinary.

For starters will be over 200p+ in a flash. Said multibag by end of 2024.

DYOR

If 130p ish smashed, IMO we will get an ice hockey stick rise to 200p+ in no time 🚀. Huge Gap to 220p.

New EU License ✅️

LSE Premium Listed ✅️

Goldman Sachs starts a position ✅️

Working Capital Advisors 5%+ few weeks back ✅️

ZERO debt ✅️

£57m FCF ✅️

£65m EBITDA ✅️

48% EBITDA Margin ✅️

25% growth WITHOUT any new licenses

World Class BOD

Growth going forward could truly be spectacular. CABP target to grow market share 3x by 2027!!

Free float non existent. Could get very interesting.

US license expected in H2 24

Hardly any PI's here, totally under the radar, institutions snapping everything up.

DYOR, read the results RNS.

I guess Goldman Sachs and Working Capital Advisors know the huge disconnect to anywhere near fair value and are happy to build a 3%+ and 5%+ position, all you need to know!

Share price has been carefully managed for months now. And who knows GS and WCA could continue building a position, and maybe others also!

We just have to patiently wait for them to fully load up before this is allowed to rerate.

EU license in the bag and then US license to come, profits, cashflow and growth will be notching up a few levels. Buys at this level and below when Dividends kick in, dividend yield could be spectacular.

Growth story of trebling market share in 3 years! Totally transformative, cannot see many other companies doing this, or even thinking about it.

DYOR, simply read the RNS's.

All the loose free float being hoovered up by the big institutions.

That's over 8% gone in the last few weeks.

Https://www.crowdfundinsider.com/2024/04/223595-cab-payments-obtains-european-payment-service-provider-license/

Always impressed with the calibre of individuals at CABP.

CABP Europe new General Manager, ex ABN AMRO, BNP Paribas, and RBS.

New Chair for the Europe division has current roles at Guardian Group, Wish and Uber Payments.

The commercial activities of CAB Payments Europe are led by Kostas Konstantis as General Manager, who has more than 20 years of experience in financial services working with ABN AMRO, BNP Paribas, and RBS. CAB Payments Europe has also established a Supervisory Board to oversee the new entity. The Board comprises of:

• Tamara Monzon as Chair is an interim executive board member at Context Logics Collections (payments platform of Wish) and professional Supervisory Board member and Vice Chair of the Supervisory Board at Uber Payments.

• Steven Marshall, as shareholder representative, also Chief Partnerships Officer at Crown Agents Bank.

Page 2 of Annual Report..

2027 Target - 5% of market share

Currently 1-1.5%, so they are looking to treble in 3 years.

By simple extrapolation - 2027 numbers could look like...

Revenue - £400m

EBITDA - £200m

FCF - £180-190m

🤯

Https://cabpayments.com/investors-home/documents/

Full Annual Report just posted on CAB Payments website today...

From LinkedIn...

We welcome CAB Payments Europe into the CAB Payments Group!

Our holding company today announced the opening of the Europe office based in the Netherlands.

To find out more about this expansion visit: https://lnkd.in/eH42NXFa

#CABPaymentsEurope #CrossBorderPayments #CABPayments #EEA #expansion #CrownAgentsBank

Fantastic news. Another massive growth opportunity, then the US license in H2 24, and it's all systems go.

With huge growth in the bag with this license, and the confidence it brings, wonder if they now go for share buybacks/Dividends with all the cash they have stacked up??

CABP vs Trustpilot

Example of how the LSE market values companies 🙈

Different businesses, but an eye popping comparison 🤯

CABP is stupidly undervalued when compared to every single metric.

PE - 7x vs 145x

Growth - 25% vs 18%

Adj EBITDA - £65m vs £15.5m

EBITDA % - 47% vs 7.7%

FCF - £57m vs £14m

EPS - 10p vs 1.7p

Debt - £0 vs not sure

Market Cap - £280m vs £780m LOL

Same PE as Trustpilot, CABP should be at £14.

Same market cap as Truspilot, even when every single financial indicator is better by many multiples, CABP should be over 300p TODAY!

Make it makes sense. CABP needs to catch up quick time.

Look at the chart, and watch out for the HUGE gap between 130p-220p, with such a small free float, IMO many will be surprised how quickly we get past 200p.

DYOR

Super strange, but also not too surprised, as the share price has been played for weeks now!

Patience will win big time here. Let the new 5% holder continue to buy more I guess lol

CFO buys - No impact

New 5% holder RNS - No impact

Brilliant results - Negative impact lol

Market wants growth, got it, profitable, yes, positive cash flow, yes massively, huge market opportunity, yep, competive advantages, got it, top BOD, Oh yes, growth industry, Fintech, yes, listed on Premium Market, Yes, any debt, ZERO. Ticks every single box.

And yet valued today worse than a LSE mining dinosaur Lol

Abnormal markets, can't go on for too long. A predator will come calling soon enough if this continues. With all the cash generated, dividends/share buy backs is a must. 4x EBITDA multiple is insane. For 2024 EV/EBITDA will be around 1. CRAZY

EBITDA - £65m

FCF -£55m

Growth - 25%

Remember had one off IPO costs in 2023

DYOR

(Same valuation multiple as Trustpilot, CABP should be £14+ today lol)

Simply read the RNS in black and white.

Analysts and institutional investors will be on the call soon.

Profitable, churning out cash like no tomorrow, and zero debt for a £250m market cap company LOL

Transformational news on the horizon with the licenses.

And Dividends to come..

Weak hands out, smart investors will be loading up. (Same with Kingfisher yesterday, opened down to 224p on results, today 250p LOL). Funny old markets.

DYOR

Brilliant. As expected and more, so much info. Key points below.

Investor call at 930am will be enlightening.

The Board will actively manage capital allocation with an emphasis on growth, but will also consider distributions to shareholders at the appropriate time.

EU licence in final stages

US license H2 2024

Adj EBITDA £65m

Free Cash flow £57m

Growth 25%

DEBT FREE.

The Group remains debt free with no debt securities in issue, we are proud that our debt free and highly-liquid balance sheet enables us to move in an agile manner to seize on growth opportunities

In 2023, we onboarded many high-quality clients, including Barclays, Inpay, Plan International and SNV Global, joining such institutions as Save the Children International, the Norwegian Refugee Council and PagoNxt/Santander.

We are in negotiations with several major financial institutions and expect some of these to begin operating with CAB Payments in the very near future

We have some sizeable clients we have already signed up who are yet carried out their first transaction; we will seek to guide them rapidly and smoothly through the activation process

DYOR

A quick reminder of the facts before next week.

One of the smallest free floats around, rerate could well be spectacular.

Premium Listed Company ✅️

UK Banking License ✅️

Significant Growth - 25% in 2023 ✅️

A Truly World Class Management Team ✅️

Recently quoted they have the knowledge expertise and skills to be running a $100 Billion company ✅️

Profitable ✅️

Huge FCF Positive - £37.9m in H123 ✅️

Consensus FCF est: 2024 - £73m/2025 - £106m

Cash - Should have £140m+ by end of 2024 ✅️

Clean balance sheet after IPO ✅️

Significant growth potential - 2 Licenses pending anytime ✅️, currently have just 1-2% of the total market ✅️

Types of Customers - High quality and growing customer base, made up of G10 government entities, some of the world's best known international development organisations, global remittance companies, emerging markets financial institutions and, increasingly, major market banks ✅️

Territories - Operate in 150 different countries ✅️

Significant Blue Chip Customers - 74 New customers between Q1-Q3 in 2023. Eg New clients in several regions, including Santander Group/PagoNxt. Signing client agreements with the three largest exchange houses in the United Arab Emirates etc ✅️

Super High EBITDA Margin - 57% in H123, is this one of the highest on FTSE ✅️

Recurring revenue - 96% 3 year retention ✅️

ULTRA low P/E - Less than 4x for 2024 ✅️

2024 EV/EBITDA Est - Totally disconnected to Fair Value - Current Market Cap £250m, Debt N/A, Cash £140m, EBITDA £83m = 1.32x 🤯 Yes 1.32, it's totally mind blowing ✅️

IMO Dividends/Share buybacks will come in 2024, then it's a full house, there will be no stopping ✅️

We kind of know 2023 results, more interested in 2024 guidance. Maybe also get Q1 trading update next month. With the expansion, new clients onboarded, 2024> could look spectacular. H1 23 growth was 94%, with a reset in H2 and new licenses granted, structural shift to specialist providers like CABP, and like they said expansion in US and Eurupe, growth in the next 12-18months could be phenomenal.

New offices, new roles. Capital reallocation on Tuesday would be amazing, or indication later on in 2024.

Easily see this as a multibagger by end of 2024.

DYOR

Totally agree.

Just look at today, Premium Listed Company, yet £60k worth of shares have traded, what's the point.

Forget the US, where it would be worth a few Billion atleast.

When simply compared to other UK companies its valued at a fraction when fundamentals are several times better. Lol

Totally broken Market for CABP. Only thing you can do is continue to load up I guess, and expect a quick catch up very soon.

New jobs listed yesterday.

1st line - CROWN AGENTS BANK IS A VASTLY GROWING AND REGULATED UK BANK...

Also note they are moving to new offices near London Bridge in May 2024

Results on Tuesday.