Let me expand on my previous post - I should have said payment data is aggregated to create "audiences" of different types of paying users, who can be served ads based on what kind of audience they are, I think, so people who pay frequently, people who are big spenders, etc. These audiences are served ads and increase a company's revenue because the ads are targetted at people who are known to be willing to pay (even though the individual's data is anonymised and never viewed by humans).
Bango also have the audiens platform to help drive their data insights
Tango did you forget the part where JW said they expect cash-break even this year? And then what comes after break-even? Profit, usually. If you think JW needs to go after all the deals he's pulled off, I think you're better off selling out. I also see some green boxes so clearly some people I've filtered have crawled out of the woodwork to spread negativity again.
I think most of the posters on this board would benefit from actually reading the RNS and not just talking rubbish as a lot of them appear to do, the info is all there.
I agree with Alfa about dispensing with the negativity. I could wake up every morning and post my frustrations about the share price - if you think he's bad you should see how I talk to some of the negative nellies on the other shares I'm invested in. And unlike here at BMN I'm usually alone in my stalwart defence of the companies from the morons posting rubbish constantly
If there was fault in their risk controls and checks etc, they will implement improvements and the shares will be unsuspended and the company will be in a better position for it. Hoping for some clarity on the issue this week. Fwiw I also work at a large financial institution. Unless something shady has been going on underneath the surface, which I do not believe at all, I cannot see how this is anything but a temporary issue.
The price is good too. I wonder where we will see the share price when all these new deals amount to revenue falling straight through to profit due to our fixed cost base with the online platform. That'll be great to see those numbers booked in
He's been posting nothing but rubbish for a while, next time he'll be going in the green filter bin along with the rest of them. As for the rest of the long term holders, there have been some great contributions with info and articles lately, keep it up
"The news came two days after it told the markets 'trading in the group's shares has been temporarily suspended while the group undertakes a further review in relation to its financial controls and reporting processes'.
The bank told This is Money in a statement: 'PCF Bank will provide an update to the market in due course. There is no change to day-to-day business, and PCF Bank continues to operate as usual with clients, brokers and customers.'
It has frequently featured in and topped best buy tables since it opened its doors to everyday savers four year's ago. Prior to today's news it sat in second place in the one-year tables, paying 0.79 per cent on £1,000 or more."