This From Finncap Today3 Apr 2020 14:58
This is an excellent deal for Bango, sealed at a time of restricted travel and tightened commercial prospects and possible only because Bango is already partnered, and trusted by the Korean technology giant”, the analysts said. “The deal takes a noncore, near-breakeven business off the Bango P&L and sharpens management focus, while maintaining a substantive interest in what – now backed by NHN’s cash, expertise and data technology – should become a major global player in the lucrative, high-growth CDP market. On top of this, Bango strengthens its balance sheet with a cash injection and the strategic partnership between NHN and Bango itself is substantively deepened”, they added. In a note to clients, analysts at Bango’s house broker finnCap said the agreement with NHN was “a great deal” and maintained their 225p target price on Bango share....hence why I bought a further £6,500 worth earlier today. ATB