Member Info for Simon_Said

Absolutely HD. Especially with a name like True behind us, I think the pace of development will get pretty crazy from here on out.

There's a piece of common-sense economics that applies here: money today is more valuable than money tomorrow. Or, indeed, in 18 months!

Interesting isn't it Nimrod. On no news, as well. Strongly suspect somebody knows something...

This board has become degenerate. Going to stop reading this place till after the announcement. ATB genuine holders.

Worth saying that a 'review' doesn't 'fail' as such. The idea was/is to find the best way to bring value to shareholders. This could be in the form of a sale of the company and its assets, or something completely different. In this hypothetical scenario where a sale of the company failed, this may have been many months ago and something else may have been being planned since. Who knows! This is a review process, not a straight-up sale process. Wait and see what they come up with. TH has plenty of skin in the game and incentive to come up with something. If you're certain he won't and it's all gone to pot, sell the shares!

The structure of the options scheme means Toby needs something positive to bring the share price up. I trust that he's spent his labours figuring out something to this effect - there's no greater motivator than self-interest.

There have been 2 placings, one last September and one just gone. The most recent one for £7.75m has not been touched yet - they still had .5-1.5m left from the last placing even after the additional investment in Corallian. I estimate they have £8-9m on book.

From last RNS: 'The strategic review continues to progress and the benefits of consolidation in the industry remain. Whilst the longevity of the discussions has been at times frustrating, it is hoped that the process can be brought to a successful conclusion by the time of the full year results which are expected to be released in April 2018.' This is also when the present closed period ends and Toby is allowed to talk again. I am certain the outcome of the strategic review will coincide with results day, and will be between Wednesday and Friday of next week.

Strange end to the day, what looks like another bed & ISA, but went through at .60p. Don't know how someone managed that. Trade shows as LRGS. The actual closing bid price was .64p but it's showing as .6 because of that funny trade. Stock exchange is also showing 70 on the ask, which I don't believe anyone was actually paying (would be nice to see pre-news!).

It's a dip alright, but volume is negligible, just a bit of drift as AIM is looking healthier as the weather improves, and there are scalping opportunities about that people wish to pursue. Fair play to them! Though this may feel 'delayed', I remind you all that the previous placing took 20-50 days to be followed up with real deals, and we're not terribly far into that period yet, so at the moment this is just in 'sit tight' territory for those of us who are happy enough with the business model and the CEOs to stick it out.

On the one hand, if you zoom out your chart a bit this is just reversion to a more recent price after an overly-harsh reaction to a business-development placing (not a desperate cash-call type placing). On the other hand, the speed and consistency of this recovery could also suggest there is a bit of leaking of upcoming good news. Certainly a marked difference in buyer confidence with absolutely no additional company or media information to make it happen. One has to wonder. Hoping to hear of these Google Play deals imminently, perhaps somebody knows something and is buying up preemptively.

A lot of that negative sentiment is just here as far as I can tell, this board is pretty toxic these days. More broadly I've not heard a whisper either way, so the 'sentiment' is just bored punters. This is a pretty tight ship, as anyone who has tried to talk to Toby in recent weeks will have found too. They're in a closed period and not letting anything by. Corporate deals take a long time together, but whatever comes from this, the purpose of the strategic review was stated in the last RNS: 'I look forward to updating shareholders in April with our strategy for building on this profitable platform and delivering value to shareholders'. Remember that Toby has not just many shares in the company, but a significant (10.5m) options package which only fully vests at 16p per share VWAP and expires at the end of this year. From 16th May RNS: 'As an example, were VWAP to be 8p at the time of the publication of the accounts for the year ended 31 December 2018, then none of the Options will vest whereas in order for the Options to vest in full, VWAP will need to have increased to 16p per ordinary share or more.' That's not a spike - that's a 20-day VWAP (confirmed in same RNS) - that means for him to get his full options package, the share needs to average at least 16p over 20 trading days. The rest of the BoD also have significant share holdings (especially Guy Elliott), and Lombard Odier and London and Capital between them also hold some 36% of the company, and along with the other significant II's they will expect progress. This company is 63.27% held by BoD and II's. It's not just us PI's who expect results.

Thank you for calling me shrewd :D Final topup today in this unexpected dip.

Final results were 25th April last year. I could certainly see the same date coming into play this year for a combined release of news and results.

Was that a little nose-tap, pilgrim?

This kind of lofty P/E ratio is always a concern when making an investment decision. But it's far from exclusive to Bango, it's pretty typical of this kind of high-growth tech startup (Tesla mcap just eclipsed Ford, lol). Everyone is trying to second-guess how far that exponential growth curve will go. Simon Thompson is ordinarily vary wary of excessive P/E premiums and Bango is a rarity for him, which he justifies with some fairly uncontroversial projections. Slowburner has summarised some of the growth opportunities nicely below. Incidentally SB, the cost of increasing platform EUS capability is very low IIRC, in the tens of thousands of dollars, really nothing to a company of the scale this will be when processing that kind of throughput.

I asked the BoD about the 'leaking problem' at the GM. Stephen was clear that they're taking considerable measures to reduce leaking after everything that happened previously. Whenever we do get news, I suspect it'll be a surprise this time.

Sometimes you guys absolutely astonish me, lol. How has nobody said this yet: 32 cents Euro = 28 pence stirling. That represents 12% above our closing midprice, so if we merely catch up to that tomorrow (as happened this morning like clockwork), that's another successive day of powerful gains to look forward to.

I think I was quite reasonable and polite in my message to you, as much as I could be when questioning your actions. Not a very reasonable or polite response.

If it's purely for the sake of catharsis, Toby Hall is very reachable - take your complaints to the man himself!