Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You saved me the job P167, why could they not just have said all that in the RNS yesterday
Poor comms
From the RNS 30th August 2022
Bango strategic partner and shareholder, NHN Corporation, has stated its intention to offer Bango a $10M three-year term loan on commercial terms (the "NHN Loan"). If Bango chooses to accept the NHN Loan, terms would be finalized at that time. This additional funding would be used to accelerate the restructuring and migration if required[3].
So the original intention of the loan was to accelerate the restructuring and migration rather than now just progress as per the RNS yesterday, huge difference in meaning between the 2 statements which could indicate cost overrun on the restructuring and migration thus the market reaction
In relation to the statement that a stronger balance sheet will assist in signing up the next wave of major customers for the DVM there is probably a requirement in the T&Cs of the deals that Bango need to maintain sufficient cash balance for a period of operation so maybe they had no choice but to take the loan to progress the integration and keep a healthy cash balance not only in relation to attracting new deals but probably staying within the T&Cs of already signed deals especially as many of the deals involve up front payments
Maybe as you say it could just be poor comms so let’s see what the trading update tells us in July and let’s hope it is July
Odey must be nearly out now
Maybe just see this as a nice buying opportunity especially if you can hit the low point, from the RNS he still has a chunk of stock to offload so further drop expected and somebody must be buying albeit at discount to market value and considering the volume of stock he is dumping on the market the SP is holding up well
Interview Paul Larbey
Sounds like there will be a big progress and outlook update at 2022 full year results on 28th March and further deals expected to be announced before hand
Is it just me or did Paul Larbey come across like an exited kid who’s just woke up to find he’s running a candy store and he can eat as much as he wants for free
Strange SP movement and trading over the last few weeks even for Bango, let’s hope this is the start of the major SP re-rate we have all been waiting for and is fully justified
If you DYHW on the potential ahead of Bango the progress to date is only the tip of the iceberg
Happy with the steady climb, hopefully up to broker forecast and beyond although I hope not so quick so I get chance for another ISA top up
Obviously there is so much revenue to count these days it’s taking longer until they can issue the update
Over the next few years whilst the EUS from DCB will continue to grow it will become a secondary contributor to group revenue at which time the market will need to pay attention
Thanks sixgr from me also although I would suggest that whilst Boku see Bango as a rival for DCB payments (especially with their low margins) there is so much more to Bango that Boku cannot offer beyond DCB payments I doubt Bango see Boku as a rival, maybe an M & A in the not to distant future once the Boku EUS starts to decline.
It will not be long until the market cannot afford to overlook Bango with the forecast earnings 24
Hopefully we get an update on how the NTT Docomo integration is progressing in the next couple of weeks
Slowly Slowly Catchy Monkey, Trading Update due in 6 / 7 weeks, expecting massive progress in H2
The strong US$ against the GBP is not such an issue and can in fact be a good thing, its when the US$ is strong against other currencies mainly in Asia in which BGO operates which can impact earning as mentioned in the TU issued 2nd August and unfortunately the US$ is also making gains against most currencies, that said I see this as a short term issue and as long as Bango generate sufficient cash to fund ongoing operations and investment which they are doing then it will only be time until until the currency markets correct themselves and the fruits of BGO growth will be fully understood.
Somebody wants our shares, don’t fall for it
Another1.1% (836K) top up by NHN
Pen167
Many thanks for your thoughts, informative as always
Pen167
I noticed that Verizon dropped Play Store DCB a few weeks ago, do you think this is linked to the Verizon launch or as a result of a fall out with Google
I do agree that its most likely Bango are involved
https://www.androidpolice.com/google-play-store-confirmed-finally-to-drop-verizon-from-carrier-billing-program/
Does anybody know if you can track the volume of trades in Bango on OTCOX
With all the positive news flow, trading update and brokers falling over themselves with targets between 260 &300p I think the Bango SP resembles a coiled spring ready to be unleashed and expect to see a re-rate as we approach the results day in March
65% upside from today's SP, that would be a good start on the re-rate