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Bango plc (BGO.L)

LSE - LSE Delayed Price. Currency in GBp (0.01 GBP)

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167.50

0.00

(0.00%)

At close: 05:21PM BST

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M
Guess the reaction from the recent high of 194p is now over, so people can make their minds up regarding adding or initiating positions. It seems incongruous that tech shares in the US are making new highs on a daily basis, and very few UK quoted businesses are experiencing the high growth rates of Bango’s platforms.
M
Reviewed and increased my holding just a few days ago. The real problem is market cap constraints on fund managers - we actually need a trebling in the share price to get on some people’s radar. There is also remarkably little comment on here compared to US small caps in the tech sector which seem to have a lot of people participating to promote their views - long or short.
N
Bango operates in several markets where growth potential is enormous. The "awakening giant" Nigeria is a prime example. I think the host of political upheaval's in Europe and the U.S have effected the stock markets. I am confident the share price will grow steadily and the next Annual results will be very encouraging.
I do not believe there are any "Shadows" are lurking in this company.
M
Trading update on 15th July 2021 reaffirmed continued growth. Noticed also that a Korean company recently increased their shareholding. If you Google Bango Investors and look at RNS announcements you can see any shifts in shareholding’s above 3% of issued equity capital. Very small ups and downs can be triggered by fund groups adding or reducing - or losing management of a fund to a new manager.
M
Something strange has been going on here. The shop broker Cenkos (now sacked) grossly underestimated the growth in the business that Bango is hooked up to, so in effect there has been a false market in the shares for several months. The questions arising are whether the share price was being weakened deliberately, in order to facilitate an acquisition by another party ; whether the Cenkos analyst is a placeperson i.e. in a salaried job that they have little intention of doing ; and whether either the regulator or the analysts organisation will ever think of looking into the way business has been conducted here. ( In the United States class action lawyers would already be up and running, on the basis that people might have been disadvantaged if they sold while a false market existed )
Bullish
M
Good set of interim results today. If this were a NASDAQ or NYSE listing the share price would be much higher ! The irony is that the global rollout of 5G should give extraordinary benefits to app developers, putting Bango in a sweet spot for several years, while there are no world class tech analysts in London to the best of my knowledge.
S
wow, what happened?
M
Now that Blue Prism are lined up for a private equity makeover at a low buyout price the Bango share price has dropped. My best guess is that managers who stay can be bought with the promise of generous remuneration and stock options (before the refloat on NYSE or NASDAQ). Bango ought to be different because it has a small market cap and their software is already widely used.
B
The mobile internet payments platform Bango (LSE:BGO) added another 3% after announcing a multi-year platform agreement with a major global telecoms provider worth at least £1.5 million. At 124p, the AIM-listed stock has recovered from 62p in mid-March to above its starting point for 2020.
Bullish
S
Great presentation about how the product works is here https://www.youtube.com/watch?v=DRfmjEONzQg
Bullish
Y
BGO.L is up 10.45% to $86.70
Y
BGO.L is down 10.99% to $81.00
Y
BGO.L is up 11.11% to 90.00