Member Info for slowburner

If RM2 have not monitored any of their assets (approx 7 million possible) and based on 1.4m monthly cash burn since end July when they had j16.6m in the bank the SP would appear to be tracking cash in bank and therefore valuing the business model at zero although if you consider the assets then you could consider the SP a bit on the cheap side albeit very risky Time rubbing out but there is still time

In the last trading update RM2 were to confirm China production numbers for next year by the end of November. Unlike the RM2 BoD to leave it to the last minute

Pensioner / Simon Article from 2016 which supports the statement from Pensioner regarding Ray Anderson wanting to build a global business and not selling anytime soon. https://www.thetimes.co.uk/article/dont-just-take-the-money-and-run-you-may-live-to-regret-it-0s65t2hv9

Looking like Bango have finally turned the taps on the stated potential.

Also neither of the big 4 Google, Amazon, MS/ Xbox or Apple would appear to have any activations so this could be a first for at least 3 of the big 4

Looks like we just took the entire Egyptian DCB market in one deal unless I'm reading more into this than the RNS would appear to indicate. Can not find that much info on Victory Link although the web site does suggest partnerships with some key big hitters but no financials

Norigold Forgetting short term SP volatility this is now all about the Jan 2018 trading update and strategy outlook After having no news for almost 2 months and then to have 3 news / blog announcements in a week looks like either the Boku float has spooked Bango or they are taking advantage of the publicity that the Boku float will bring to DCB. In relation to the announcement this morning on our partnership with Infomedia I'm not sure what to make of it other than further consolidation and more EUS passing through the Bango platform albeit at shared / reduced margin. However if the Bango platform has the spare capacity and at no extra operating costs then all EUS is welcome

Richtips Maybe Boku are providing the charity DCB but unlike Bango are not telling the market there is no profit

Simon Just me being conservative on the margin Also I see in the press this weekend that due the present financial climate a number of companies have canceled / postpone IPO's

I see Boku are to float on AIM on the 20th November stating the have an exit run rate of US$ 2 billion which you would think would have given them an actual EUS for the finacial year on at least US$ 1 billion. However they are sitill running at at loss. If Bango had a EUS of US$ 1 billion for the finacial year we would have a profit of between US$ 6-8 million and with US$ 2 billion we would be looking at a profit of over US$ 20 million depending on what margin % you calculate with. Does anybody know what Boku BoD are valuing the company at for the float?

Sorry don't know what went wrong there but should have read My opinion is that I don't think Bango worry too much about their competitors

KB My opinion is that I don't think Bango worry too much about the completion as I think in most cases Bango pick and choose their key markets and are happy to let the others pick up the scraps. I'm not saying the scraps are not substantial but Bango cannot afford to go chasing everything. Also some of the markets are extremely complicated for local regulation / tax issues so are difficult to justify the effort. In relation to product I have found nothing on our competitors platforms to suggest they are nothing more than a payment processing system without all the data gathering / analysis that you get with the Bango platform with all its add-ons such as Bnago boost etc. This maybe that I have missed something and its just me not being able to locate the info. Good to see the SP nudging up this morning

Simon Did some digging on Amazon in South Korea and looks like they are ramping up big time with on line shopping expected to surpass the U.K. & Germany in the next 2 years. With the high usage of DCB in the country you can see why this fits well with the Bango & Amazon partnership and many other potential partners in South Korea https://thestack.com/cloud/2017/07/03/amazon-prepares-to-take-on-south-korean-e-commerce/

I would say if they were all true sells on the open market the SP would be dropping like a stone. I also think the RNS this morning was to steady the ship and confirm to the market that everything is on track as per market expectations rather than trying to set the hare running

and not to mention South Korea is the gaming capital of the world by a long way

The results also stated that they would / need to announce the agreed production numbers for China by the end of November so I would think if they are going to get the financing in place it needs to be by the end of November.

Repression Great spot on the EBDITA I missed that and was just about to post that Bango could have used the announcement to update us on EUS As you say Simon very sneaky by Ray Anderson but I bet he had a smirk on his face when drafting the RNS. Anyway South Korea in my opinion is as big if not bigger than the Japan market and great prospects especially with our partner Danal in the same region and links with China We just need to hope that insane little fat git from the north doesn't f*ck it up

Well done Simon, and we all know hat happened to the SP when you last sent and email to Bango In summary I agree Bango do need to keep some news flow to support the SP in the short term although long term should not be problem

Noirgold I managed some time to sit down and watch Billion Dollar Deals last night and you begin to understand the magnitude of the e-payments market and what can happen with a platform similar to the Bango Platform if they get it right which I'm sure they will. Ray Anderson has been saying for years how important the data Bango holds on users will become and the point where they said data will become the new oil made me smile. Also you can see we are well positioned when places like India talk about going cashless Thanks for the pointer Trying to find any news flow related to Bango via normal press outlets is extremely difficult as though its lock down so unless Bango themselves issue a RNS looks like we will need to wait the13 weeks until Jan 2018 trading update. I may book a long holiday and come back in Jan

Starting to think something stirring in the world of RM2