Member Info for Simon_Said

I have just been researching Infomedia, the company Bango just announced a partnership with. It now seems to me that this is a bigger deal than we may have realised. Infomedia is an existing DCB provider, and actually one of Bango's historic rivals (if rather smaller in scale). Reading Infomedia's own press release about the Bango partnership is enlightening, and shows the market-leading position Bango now enjoys: 'This morning Infomedia is pleased to announce a partnership with Bango to create a global standard for Direct Carrier Billing (DCB). The partnership will allow our international businesses to work side by side to accelerate the growth of DCB worldwide to meet the forecast $142bn contribution to the global digital economy. Historically the businesses have had a level of competition, but Bango and Infomedia believe strongly that, as the DCB market matures, there is a significant benefit to the industry from consolidation around a single set of technological and commercial standards that provide global coverage from a single connection. The partnership will allow Bango and Infomedia to expand the DCB ecosystem through the introduction of a whole variety of new partners, standardizing all aspects of their experience, including the use of the Bango Platform for the application of payments to carriers and opening-up Infomedia as the standard platform for merchant services. The partnership gives the market a common technology for DCB that is open to the broadest range of merchants of all sizes, from the major App Stores to publishers, insurance and ticketing, physical goods and IoT. This will enable mobile carriers and brands to deliver products and services to consumers via the world�s most successful mobile payment method. DCB is accessible to any consumer with a mobile device and can deliver 10x conversion compared to other forms of online payments.' http://infomedia.co.uk/infomedia-and-bango-team-up-to-accelerate-the-global-dcb-market/

Another positive RNS with another EUS positive move. Amazon Prime and student Prime subscriptions through Bango in Japan, great news. Many Japanese students don't have credit cards so expecting wide take-up of that aspect.

For some reason a troll is attacking BGO on multiple forums. All comments are outdated and incorrect, appears to be a strange attempt to manufacture a dip. Groove closure was announced some time ago and is not connected with the Microsoft Store itself or DCB with Bango. The same troll is on ADVFN spouting nonsense about Bango and Facebook, of all things!

Good discussion of Boku IPO over on the Bango board on ADVFN. Shockingly high burn rate over there, and inferior product to Bango (uses SMS rather than inbuilt to retailer checkout). The LSE admission document boasts of their high revenues but makes no mention of their operational loss (they don't even have run-rate profitability like BGO). The financial press will chew them up for that, as they will inevitably be compared to Bango who are making profits with lower revenue. Slowburner, our figures appear to be different. I note Bango's take from EUS at 1.7%, so if EUS was $1b then gross profit would be $17m, less constant costs of around $2.7m = $14.3m.

I've got some old jokes that might be worth something some day. Shares available in a limited Primary Bid event this weekend for just 99p a share, 2011,358,846,543 shares available, don't miss out.* *Shares can go up as well as down, but in this case will go sideways, do a fancy dance and throw up all over the floor. Disclaimer: Utter *******s

What the hell was this company anyway?

Perhaps this is how the infamous 'M' board got started...

Off you go, lads.

I notice yesterday Lentjes pointed out that the dip appeared to be from Bango employees exercising options, which would have netted them significant profits (due to the speed at which the SP has grown in recent years). But those appear to have now dried up. Sure enough the market has calmed down and gently creeping up now. Makes a lot of sense. This is an illiquid share so that small selling pressure could easily account for the strange dip we saw in such a positive period for the company operationally. Last 2 months of the year now to wait before January results which are set to be absolutely enormous for Bango, most likely its biggest year since listing.

Ah thanks SB that's great. Learning so much about different countries' retail environments, it's really quite interesting. Seems SK is a natural fit for BGO!

Pensioner I meant 'within the next month' and not with EUS declared, just saying that run-rate profitability has been hit. But they may not bother as this RNS says it anyway, was just hoping for more fanfare. January results RNS is the big juicy one I'm excited for.

We will get another RNS next month to say run-rate profitability has been hit, IMO. Myself and a few other investors I know have been contacting Bango urging them to be more communicative between results/trading update RNS's and it looks like they got the message. South Korea is a huge consumer market and very tech-savvy. I encourage all Bango investors to spend some time researching mobile payment in South Korea. I did a bit of reading on it this morning and it got my mouth watering. It's massive there, way way ahead of us. First, some facts about mobile payments there in general (think about what it means to have even a small piece of this pie): - Transaction Value in the Mobile Payments segment amounts to US$4,620m in 2017. - Transaction Value is expected to show an annual growth rate (CAGR 2017-2021) of 49.1 % resulting in the total amount of US$22,863m in 2021. - In the Mobile Payments segment, the number of users is expected to amount to 16.3m by 2021. - The average transaction value per user in the "Mobile Payments" segment amounts to US$440.84 in 2017. - From a global comparison perspective it is shown that the highest transaction value is reached in China (US$138,272m in 2017). Source: https://www.statista.com/outlook/331/125/mobile-payments/south-korea# Next, consider that credit card penetration there is just 56%. The population is 50 million people with an average age of just 41, and an average income of $27k USD and smartphone penetration of an astonishing 91%. This is a model consumer economy (hence their culture's obsession with Western luxury brands right now). Source: https://www.mobilepaymentstoday.com/whitepapers/carrier-billing-in-asia-2017-market-report-by-fortumo/download/ From the same paper, we can see DCB is already the third most popular payment method for digital gaming. I have yet to find good statistics for DCB use overall in the country, but it's the prime type of market for this to emerge. I welcome any research anybody can add to this, I'm just developing a picture of what this could mean for Bango. It's very similar to Japan, and has encouraged me to continue adding to my holding.

Please excuse my spelling, I was half asleep and overexcited! *Fantastic *bit

Fantasies RNS. Sneaky Ray adding the most important but right at the end! Yes, moving in to run-rate profitability is a huge milestone for a company like this. And as Simon Thompson has explained in his column, this is a highly operationally geared company, so from here it's going to move fast and generate a lot to the bottom line. South Korea is a really interesting play and not one I saw coming, but makes perfect sense as it's another DCB-friendly Asian country with a tech culture that suits Bango's goals. Also very encouraging to read the renewed emphasis on physical goods purchases and IoT. Such a forward looking company and I am massively excited for the January trading update!

Managed to get 2k of buys through, that's it! Tough to get hold of these shares. Going to be one hell of a start to 2018.

Can only buy 200 shares max, that's under �500, lol. 201 shares and it says cannot complete order. This is what we mean when we talk about lack of liquidity.

The careers page has been updated again. Can't work out exactly which jobs there are new and which were there before, but it's notable what sort of jobs they're recruiting for. Firstly, there are 6 jobs being advertised, which is a lot for a small company and indicative of the pace of expansion there. Secondly, 3 of the roles are integration roles, meaning these jobs involve bringing new partners onboard and setting up Bango on their websites. The other 3 roles are all developer and engineer roles, but it's worth reading them too to get an idea of what the company is up to. This is very clearly a company expanding at Silicon Valley pace and with huge plans. I highly recommend reading a few of these if you're keen to understand the reality of the company behind your investment. Also, it says that among employee benefits is free headphones, hoodies and slippers. Man, now I want to work there. https://bango.com/careers/

Very frustrating as there has been nothing but good news operationally. But people get bored and need funds to invest elsewhere. Still, I think 230p is the point where value buyers re-enter, and it should bounce. As I've said recently, the BoD need to make an effort to put out regular news to keep the market interested. In the runup to results there will be a flurry as realistically everyone knows the next Bango results will be enormous (first ones to have Amazon Japan physical goods which could easily double the total EUS for the business on its own, plus lots of other new partners coming on board and the move to profitability). Since prices tend to come up in anticipation of good results, we can assume that come December we'll see a solid ramping up in the SP, so this drift zone is really only here for another month.

This share needs repeated positive newsflow to keep the price up. I had some concerns that we might not hear from Bango until the full year results RNS, so I sent an email to their investor relations and received a prompt and thorough reply from Rachel Elias-Jones, Bango's CFO. I won't post it all here as it's nothing new, but she did confirm that the company plans to keep the market updated about major developments during this time period, with smaller announcements on Bango's website and larger ones issued via RNS. Considering the acceleration in new and larger partners for Bango, an announcement could drop at any point, and as such I will be staying in this share. I very much hope the board makes an effort to keep the market updated and the share price buoyant in the medium term (the long term will look after itself for a gem like Bango, that isn't my concern).

Bit of a crap week for old Bango but look at the tiny volumes behind the move down. This is just the nature of low liquidity trading. Takes equally little to send this into the stratosphere, and since there are mountains of good news to disperse over the coming months (and an absolute bonanza early next year at full year results time), with very little risk, it's pretty obvious where this is going in the long run. Perhaps most telling recently is the stress test of the system up to $5bn. At the current 1.8ish% rate of revenue from EUS, that's $90m potential revenue. That's in a business with low overheads, no debt and low capex to expand further. As such all I can do on these weeks is keep buying (added a quarter to my position), and sit back. I have other shares for high risk trading. This one gives me no concern whatsoever.