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With a tiny market cap, and transformational news, GCM could easily do a 200-300% today, and that would be a major understatement lol

Could easily get to 50p+ very quickly, just have to read the RNS.

"As Phoenix Copper looks towards the future, the successful execution of its refinancing and bond issuance plans could mark a turning point, potentially leading to a reevaluation of the company's market position and growth prospects"

"The future drawdowns from this facility are cleverly tied to the company's ability to secure additional funding through its proposed corporate copper bond issue, reflecting a vote of confidence from Riverfort Global in Phoenix Copper's financial prospects"

https://www.google.com/amp/s/bnnbreaking.com/finance-nav/phoenix-copper-secures-10m-refinancing-with-riverfort-global-eyes-corporate-copper-bond-issue

Quite telling of the confidence and support which Riverfort have in Phoenix - On PXC LinkedIn Post with regards to the loan extension 3 days ago, 19 people have liked the post in total, 4 of them are very senior people at ..... Riverfort!!!

A total gamechanger and truly transformational when the Bond Issue RNS arrives.

DYOR

Haha THE IRONY of some!

Someone who has incessantly posted on the GGP board, including daily share price commentary and even starting a new thread about share price predictions ROFL, trying to give someone else advice LMAO. COMICAL.

I will do as I wish, thanks, apologies if some simple facts hurt Lol

""THE EXPERIENCE, NETWORK AND KNOWLEDGE OF THIS BOARD AND EXECUTIVE TEAM IS MORE IN-KIND TO A $100 BILLION DOLLAR LARGE CAP THAN A $250 MILLION DOLLAR MICRO-CAP""

Bhairav is one of multiple high profile, and experienced leaders brought in to lead CAB. A few of the others are: Ann Cairns (Chair), Richard Hallett ('CFO'), Joseph Hurley ('CCO'), David Mountain ('CPO'), David Parker ('CIO'), Richo Strydom ('CTO'), Noel Harweth (Director). If these names don’t mean anything to you maybe some of the team’s experiences do: President of international markets at Mastercard, Global Treasurer at Citigroup, CEO of Royal Dutch Shell, Chairman of Deutsche Bank, Director at National Australia Bank, CEO of Travelodge, CFO of Barclays Africa and senior roles at institutions like RBS, Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch, United Nations Migration Agency, and Discover Financial.

And that's precisely why I've bought in at the lows.

Today's RNS, the confidence of RF, on the verge of buying equipment next week, PFS due anytime, for me, it's a no brainer at 12.5p. On the cusp of multiple major game changing drivers.

Only a few months back, this was running away to 40p+, back in a similar situation, once it moves it will move up quickly.

Absolutely no one has any idea exactly what is happening, curiously there are many full time naysayers providing daily commentary, but having heard directly from the BOD, many will be surprised with the final outcome. Bonds could come tomorrow, who knows. They seem pretty confident, finally feels very close. And for once they have actually delivered.

You pay the price, every business has risks, pound for pound risk/reward PXC is one of the best out there.

On pre bond issue it was edging 40p, on bond issue it could quickly move to 70-80p, several multibagger.

DYOR

Totally and absolutely delivered. RW always maintained they have a fantastic relationship with RF.

3 years unsecured $10m loan.

Looks like Riverfort are super confident in the Bonds being issued 😉, drawdowns also linked to bond issue 🤑,.

""We now look forward to closing our corporate copper bond issue as soon as possible.""

Sit back, relax, and enjoy the rerate.

With just 15 days left to CAB Payments 1st full update, wonder what/when they will initiate the return of excess cash to shareholders?

Free Cashflows are staggering.

In H1 23, 52.8% FCF when compared to revenue (Revenue £71.8m/FCF £37.9m), it's unheard of.

Free Cash Flows:

2022 - £50m (ACTUAL)

H1 2023 - £37.9m (ACTUAL)

2024 - £73m (EST)

2025 - £106m (EST)

What are they going to do with over £70m FCF this year and over £100m FCF next year!

They simply have too much Cash if that is such a thing 🤯, for growth/expansion/investment. Surely some sort of returns to shareholders has to be on the cards.

They returned nearly £19m in dividends before IPO last year, or 7.7p a share.

DYOR

At 400p+ (Just 20x 2024 P/E) they can sell whatever they want 🤑

Est Free Cash Flow

2024 - £73m

2025 - £106m

Can put all this to bed, we will have an 18 month runway. Conversation can move on...

Hope this loan, purchase of equipment, PFS is the green light for the Bonds, as they still say imminent.

Exciting times for sure, with a huge backlog of news pending. IMO Something bigger at play here, once all revealed, we will all be in that moment 'oh now it all makes sense'

RF extending, and purchasing 2 gigantic ball mills speaks volumes.

Communications and deadlines need improving though.

DYOR

After today just 16 trading days remain....

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 ✅️

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 £210m, Debt N/A, Cash £140m, EBITDA £83m = 0.84x 🤯 Yes 0.84, it's totally mind blowing ✅️

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

All about the fundamentals, speaks for themselves, and current market cap £240m 🤦‍♂️

DYOR

We are delighted to be sponsors of this year’s Central Banking Spring Meetings.

Simon Huckle and Barkot Tekle from our Emerging Market Financial Institutions team will be there to explore the FX and payments needs of central banks, and how CAB is the perfect partner to support currency flows to aid international debt management. To find out more about how we are supporting central banks, do reach out to Simon or Barkot.

For the conference agenda visit: https://lnkd.in/dHfGfBt

#CBMspring2024 #centralbanking #emergingmarkets

Total and absolute belief in the fundamentals and nothing else. Everything else is just 'noise'

2024 EV/EBITDA - Less than 1

H1 23 FCF - £37.9m

H1 23 EBITDA - £39.9m

H1 23 EBITDA % - 57%

Cash conversion - 95%

2023 Growth - 25%

What else do you need to know. Expanding in US and Europe, new licenses pending, huge competitive advantages, shift to specialist providers like CABP etc

CABP needs to go up by multiples to get to anywhere close to a realistic valuation.

The shenanigans being played here is beyond belief. Sells of probably £100-200k has wiped out £30-40m of market cap in the last few days. Total🤯, unbelievable how this is allowed to happen. LSE is not fit for purpose anymore, there is no liquidity.

18 trading days left until 26th March full update.

So then, a fellow investor and friend has just recieved an update from one of the BOD:

1. Bonds are still IMMINENT!!! Announcement will come when it's done.

2. Loan will be extended as per last RNS, announcement anytime

3. PFS by Q1/early Q2

4. Purchase of 2 ball mills will materially improve PFS economics, saving millions.

IMO If all this is delivered, we are probably talking 80-100p?

Plenty of other things going on, which we are not privy to. Once all communications reopen I'm guessing it will all make sense.

DYOR

£100k buy earlier, and another 2 x £60k trades gone through after hours 🤔, some are landing up big time.

I reckon breaks applied today to fill these big orders.

With only 149m shares and tightly held, this could run up fast.

Mm's must be on fumes, as seen so many times before, will go NT...

Let's wait for the RNS's

Huge buy, someone knows something, as they say follow the money....

Expect an RNS here pretty soon and rerate straight back up. Last RNS outlined what we can expect.

“The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world.”

Mentions of US, Europe and New Markets across the World.

They can only operate in these areas if they have the new licenses! 🤔

Most have missed this transformational news embedded in todays RNS 😉

DYOR

I know this mornings RNS was about the CEO transition, however if you read between the lines, there are plenty of snippets of really interesting info.

MARKET LEADER….

“Market leader in business-to-business cross-border payments”

“transformed CAB Payments into a market leader”

“On behalf of the Board, I would like to thank Bhairav for his commitment and contribution, which has positioned the Company as a leader in its field”

GROWTH….

“positioned it for the next phase of growth”

“Bhairav will lead the Company's push globally to build increasingly strong relationships with central banks, regulators, current and prospective strategic customers, and other senior industry participants”

“The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world.”

“set out clear priorities to extend our FX and payments capabilities, further diversify our customer base and expand the number of markets we serve”

“I look forward to helping Neeraj get up to speed on CAB Payments, and continuing to leverage my experience, skills and network to further benefit the Company in this highly exciting and growing sector.”

“as the Group enters the next phase of its development”

“CAB Payments has both a very proud history and exciting future growth plans”

Just the 21 Trading days remain until 26th March…

RNS

Current CEO moves onto the new role of Senior Adviser to the Board. In this role, Bhairav will lead the Company's push globally to build increasingly strong relationships with central banks, regulators, current and prospective strategic customers, and other senior industry participants.

New CEO is CFO of Vanquis Banking Group, another Premium Listed Company, previously Provident Financial.

A few nuggets in todays RNS..

"The Company remains committed to serving our loyal customer base and gaining new customers across Europe and the US. We look forward to expanding our network and capabilities and entering new FX and payments markets across the world"

"CAB Payments has both a very proud history and exciting future growth plans. I look forward to updating all our stakeholders on our progress in due course."

Looks like Bhairav' time will be spent on global expansion and growth .

Exciting times ahead.

Came across another companies results, just make it makes sense!

Amicorp FY23

Revenue $12.8m

EBITDA $2.6M

Growth 8%

Market cap $180m

Main Market Listing

CABP FY23 Est

Revenue £137m (x13) confirmed

EBITDA £65m (x33) 50% Margin Estimate

Growth 25% (x3) confirmed

Market Cap £255m (just 70% more)

Premium Market Listing

Another example which I have come across which shows the insane undervaluation in CABP. 33x more EBITDA, but valued at just 70% more ROFL.

Example after example. Totally broken Market for CABP.

Just to put it in perspective if CABP was valued at same EBITDA valuation as Amicorp, CABP share price would be £18.20 🤯

Coincidentally both listed around the same time in 2023.

Perplexing situation. Pound for pound CABP is one of the most undervalued companies on LSE full stop.

https://uk.finance.yahoo.com/news/london-stock-exchange-proving-boon-074245274.html

Nasdaq nearly taking out its all time high.

S&P 500 Average EV/EBITDA is also around 20.

With CABP the gap to any realistic valuation is so huge its just nonsensical, it would have to multibag several times to get anywhere near peers.

Looking at Nasdaq valuations, Cannacords CABP Share Price Target of 585p from Aug 2023 is massively undervaluing it! Although they did say 585p is just to match peers, there basic valuation, CABP should be carrying a premium due to the significant economic moat/competive advantages.

LinkedIn 50mins Ago

Strategic agreement with the Association of Foreign Exchange and Payment Companies (AFEP)