Bango (BGO)

Sector:

IT Services

Index:

FTSE AIM All-Share

92.67p
   
  • Change Today:
      2.67p
  • 52 Week High: 150.00
  • 52 Week Low: 64.00
  • Currency: UK Pounds
  • Shares Issued: 76.83m
  • Volume: 82,559
  • Market Cap: £71.20m
  • RiskGrade: 277

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Canaccord Genuity initiates coverage on Bango at 'buy'

By Iain Gilbert

Date: Monday 20 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity initiated coverage on sales and marketing technology group Bango with a 'buy' rating and a 244.0p per share target price on Monday.
Canaccord Genuity stated Bango was primed to exit a busy two-year period with its DCB business potentially worth more than the company's market cap and a "fast-growing platform business" with SaaS-like licensing, first-mover advantage and a roughly $100.0m annual recurring revenue opportunity.

"Bango's heritage is in alternative payments, with the group currently deriving the majority of revenues from direct carrier billing. DCB is popular in mobile-first markets (e.g. Japan, South Korea) and countries where card payment penetration is low as it allows consumers to pay using their mobile phone bill," said the Canaccord.

The Canadian bank also noted that the acquisition of rival DOCOMO Digital in 2022 had scaled the network but also added roughly $21.0m of excess integration costs that have distorted Bango's profit and loss story. However, with the synergies now largely complete, Canaccord reckons "a high-margin, highly cash-generative DCB business" could emerge with approximately 50% or more EBITDA margins, which it estimates to be worth more than Bango's current market cap.

"We believe Bango is primed to exit a period of integration/investment with double-digit organic revenue growth and strong margin, EPS and FCF recoveries expected," concluded Canaccord.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bango Market Data

Currency UK Pounds
Share Price 92.67p
Change Today 2.67p
% Change 2.96 %
52 Week High 150.00
52 Week Low 64.00
Volume 82,559
Shares Issued 76.83m
Market Cap £71.20m
RiskGrade 277

Bango Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.05% below the market average66.05% below the market average66.05% below the market average66.05% below the market average66.05% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Price Trend
63.27% below the market average63.27% below the market average63.27% below the market average63.27% below the market average63.27% below the market average
47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average47.62% below the sector average
Income Not Available
Growth
6.52% above the market average6.52% above the market average6.52% above the market average6.52% above the market average6.52% above the market average
20.51% above the sector average20.51% above the sector average20.51% above the sector average20.51% above the sector average20.51% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bango Dividends

No dividends found

Trades for 03-Jun-2025

Time Volume / Share Price
12:07 142 @ 95.00p
12:03 11,129 @ 89.80p
11:23 2,437 @ 88.70p
10:51 10,000 @ 89.89p
10:51 500 @ 89.89p

Bango Key Personnel

CEO Paul Larbey
CFO Matt Wilson

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