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Don’t see any of this news requiring an RNS. On the other hand any miss of the low bar forecasts would have already had to be flagged.
Agree, strange no RNS which would suggest no material impact on the market expectations in the short term, there has been a flurry of announcements and market reports recently although no RNS, hope this is not the company trying to spin out positive news in the run up to again missing expectations
Looks like gap at 170 should be filled........then £2.00 in next few months I think.
Earnings should be good.
What is the next target 160p or 180p?
I see Globalnewswire are announcing that Uber have signed up to DVM in America. I would have thought that was worth an RSN.
Good luck to anyone who turned a profit over the last 6 months. Was an absolute steal at £1 and remains one now.
It would appear the selling has dried up, for now anyway although if they had been happy to sell down at the recent lows you would think they would be happy still to sell if they still had stock,
You’re not wrong, could do with an update on the DVM deals
Patience is definitely required with this share…. And I do believe we will be in July we will get solid results and another uplift in share price! As I said, patience is required
£2.4m of stock purchased with minimal reply and it doesn’t move the dial, any thoughts
The ridiculous overreaction took this down to £1.30. Still there and an absolute bargain.
They will post solid half year results in July and I’m expecting all targets will be met, thus giving the city/investors confidence that it was just a bump
in the road, rather than a road accident!
With proven annual revenue of $46m from ongoing established business much of which whilst not guaranteed to be recurring will most probably be repeated and grow year on year and the potential going forward with DVM and no doubt additional revenue streams to be developed over the years to come I find it astonishing that Bango’s market cap sits at £94m, one day the market must wake up
So little news flow, but some of that is dictated by partners who ask for deals not to be communicated. I’m not expecting much to happen SP-wise until interims.
Nothing new, how it’s always been. Matters little to me. When I sell my holding this will have a market cap of many times today’s value and the pony market maker will be history.
With such little movement in share price recently and the high spread, what do we think the cause of that is?
Higher or Lower forecast $53.5m!??
“Is that a ‘2’ I see there Bruce? I’ll go higher.”
ST - 10th Sept 2021 price target 260. The same Simon Thompson that has tipped so many clangers over the years including BATM (Feb 2 2021 - target 170, current 19). Giving up subscribing to that mag/rag has saved me losing more money.
My take on the results includes the following:
The Digital Vending Machine is the basis of the most profitable part of Bango. It is way ahead of the competition.
There is a great deal of potential demand for the DVD as the benefits for the Telcos are huge.
While there are very good reasons to adopt the DVD there are reasons not to do so.
One of the major barriers is the problem of interfacing the Telco's software with Bango's. If either party changes their software the interface may require revision. Bango has been working on simplifying the interface and this will be released in 2024.
Bango has transferred software developers at scale and these are working on major reductions to the reasons not to adopt the DVM.
Towards the end of 2024 it is reasonable to expect a significant increase in the number of sales of the DVM.
That's the same Simon Thompson at Investor Chronicle that tipped Bango heavily many years ago c 220p only to see them collapse to 60p or less. Let's hope he's right this time round.
More information
https://www.youtube.com/watch?v=FtNIpUdlOIM
Hi all,
Over the years I have invested in Bango on and off and made very good profits off this.
For me a price of 105.88p was a steal and so I put in one tranch last week and today put in another one at 122p.
Why do I like Bango? Well above all I trust Raymond and team and I know that they especially Raymond has a lot of skin in the game. Close alignment of interests is definitely the case with Bango.
Secondly I liked that when I had questions in the past on Bango Raymond and team reverted back to me the same day!!! Now when I compare this how investors (especially retail investors) are treated by other UK small caps than I know that I am in good hands.
One thing: Sometimes corporate acquisitions don’t go well at all or initially have some teething problems- to me the latter seems to be the case but given that now no new issues were revealed laid my slight concerns at rest. So to sum it up I am happy with my 105.88p tranche and my 122p tranche and now will patiently wait for the next developments.
This is the concluding part of the article:
“ Reflecting the strong start to the new financial year, Singer Capital Markets predict a step change in profitability, pencilling in 162 per cent growth in cash profit to $16.8mn on 16 per cent higher annual revenue of $53.5mn. The forecast doubling of cash profit margin to 31 per cent reflects a four percentage point improvement in gross margin to 90 per cent), the benefit of cost savings and the operational leverage of the business.
Moreover, with Bang forecast to be cash flow positive in 2024, Singer have reduced the interest charge in their financial models and raised their 2024 pre-tax profit estimate by 8 per cent to $5.7mn, thus reversing last year’s $7.8mn pre-tax loss. On this basis, expect earnings per share (EPS) of 7.3c (5.8p).
Rated on seven times 2024 cash profit estimates to enterprise valuation, and given the upbeat start to this year’s trading, Bango’s share price rally is likely to gather momentum. Buy.”