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Link for anybody who wants to read it
https://www.linkedin.com/posts/crownagentsbank_payments-foreignexchange-members-activity-7166446984491438080-KuNr?utm_source=share&utm_medium=member_desktop
LinkedIn 50mins Ago
Strategic agreement with the Association of Foreign Exchange and Payment Companies (AFEP)
No trades showing on lse since 1134 this morning
Now resumed trading. Very strange 🤔
Trading 212 have just halted all transactions on this share
Agreed, RashPurchase. The government "declaring war on FX traders" is pretty meaningless. In fact, I don't remember any times a government has "declared war" on a political issue and won (war on drugs, war on poverty, war on obesity, etc).
For an already undervalued stock to drop 25% on such rhetoric is crazy.
For those that missed it..
"We are delighted to be partnering with Kent Pension Fund to provide a more convenient way for their overseas members to complete proof of life checks digitally via our EMpower Pensions platform.
At Crown Agents Bank, we're proud to be supporting increasingly more public and private sector pension funds across the UK, using technology to provide a higher level of security and accuracy via this digital verification process."
CABP signed up over 100 new clients last year, including Santander Bank and 3 Banks from the UAE, and from their 16th Jan statement, they are seeing a structural shifts towards specialist providers like themselves. They not only have a high quality customer base, like G10 government entities, some of the World's best known international development organisations, global remittance companies, emerging markets financial institution's and, increasingly, major market banks. They are also seeing increased volume from existing clients.
Not long left until 26th March.
DYOR
Looks like they got a new partnership in Mauritania
https://www.linkedin.com/posts/crownagentsbank_network-partnership-payments-activity-7165700918062120962-pklP
In my experience. Governments can sabre rattle and try to control everything about their currency but very few actually manage to deal with anything within weeks, months, years or decades! There will always be margins on currency transactions, the percentages may change but this BOD is wise and will shift focus to suit. This is not their only market and in my opinion, it will not stop the upward trajectory of the SP in the long run. Dyor. Gla.
Yes @Mark me too. If I was you I would keep away from the chat group and CABP shares to help you sleep better at night!
It was out ages ago that the gov wanted to stop this, but hadn't worked upto now, so only time will tell but with other licences in the future it shouldn't make much of a difference
Seems to be about a link posted earlier "Nigeria’s federal government on Tuesday, has declared war on currency speculation in its effort to stem the crisis in the foreign exchange (FX) market. ". Cant decide if this is bad for CAB short term so sold half remaining shares Today just in case. Looks like the Gov want to restrict access to the $ for some business`s, not sure if it affects the locals FX deals though at present. Who knows ?
What have you heard I’m in at @1.25 should I sell out tomorrow.
You kill me mark. I honestly think you want us to light up the mood and get us laughing (you succeeded in my case!).
The epitome of a troll, how sad do you have to be, jeez.
57% EBITDA Margin
£50m FCF in 2022
£37.9m FCF in H1 23
95% Cash conversion
7.7p In dividends paid last June
By end of 2024 est Cash should be circa £140m, what's the market cap again??? Lol
You won't find these margins anywhere else on the FTSE.
For those that have done their research will know Dividends/Share buy backs coming soon.
Nothing but another great opportunity.
DYOR
Very worried about this company due to the news today!!! and whats around the corner. this could go under?
Lol I haven't made any mistakes someone of my buys nearly 2 bagged, you're late to the party
And earnings report only 4.5 weeks away (26 March)
'I'm waiting before buying more'.. i usually make that mistake, 96.5p to buy
""THE EXPERIENCE, NETWORK AND KNOWLEDGE OF THIS BOARD AND EXECUTIVE TEAM IS MORE IN-KIND TO A $100 BILLION DOLLAR LARGE CAP THAN A $250 MILLION DOLLAR MICRO-CAP""
Bhairav is one of multiple high profile, and experienced leaders brought in to lead CAB. A few of the others are: Ann Cairns (Chair), Richard Hallett ('CFO'), Joseph Hurley ('CCO'), David Mountain ('CPO'), David Parker ('CIO'), Richo Strydom ('CTO'), Noel Harweth (Director). If these names don’t mean anything to you maybe some of the team’s experiences do: President of international markets at Mastercard, Global Treasurer at Citigroup, CEO of Royal Dutch Shell, Chairman of Deutsche Bank, Director at National Australia Bank, CEO of Travelodge, CFO of Barclays Africa and senior roles at institutions like RBS, Morgan Stanley, Credit Suisse, Bank of America Merrill Lynch, United Nations Migration Agency, and Discover Financial.
IMO They made 1 mistake or a little naive, should never have listed on LSE, should have listed on NASDAQ, would have been worth a few Billion today!
Airtel Africa also falling every day due to the Naira despite making good profits and increasing revenue.
I'm waiting before buying more
That's a pity. I made a good amount of money going long with CAB (with spread betting), and was hoping to do a bit more of that :(.
Back to £1 this afternoon then