Bango (BGO)

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Bango BGO Logo

Mobile payments company.

8-Jan-2018 – 259.75p – £172.5m – PER 123.7

Trading Update For The 12 Months To End December 2017 – An in-line update.

The valuation is crazy!

13-Mar-2018 – 191.56p – £133.7m – PER 106.4

Results For The 12 Months To End December 2017 – Revenue up 62% to £4.2m (2016: £2.6m), Lossbefore interest, tax, depreciation, amortization and share based payment charge, -£1.6m (2016: -£2.8m). Confident for the current year.

Just too much of a gamble for me.

20-Jul-2018 – 162p – £113.5m – PER 33.6

Trading Update For The 6 Months To End June 2018 – 4th year of at least doubling End User Spend (£220m H1 2018 vs £92m last time). A strong first half and expecting a strong second half, now fully funded to reach profitability (no mention of when but operational costs now seem to be stable and capable of handling $5bn per year).

Looks like less of a gamble than it used to be. Will remain on the side-lines and keep an eye out for updates here.

18-Sep-2018 – 156.5p – £114.4m – PER 27.8

Interim Results For The 6 Months To End June 2018 – End User Spend (EUS) up 138% YoY to £220m (1h2017: £92m), Revenues up 54% YoY to £2.63m (1h2017: £1.72m), still lossmaking but with about £6m in Cash.

Still looks less of a gamble than it used to be but I remain Neutral for now.

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