Bango's robust update

If Bango can maintain the current EUS runrate then it will be generating in excess of £2bn of EUS in 2020. [...]with a stable cost base and a stable revenue margin, operating profits should soar and warrant a target market capitalisation more than double the current level. [...]network operators and...

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Bibliographic Details
Published inInvestors Chronicle p. 14
Main Author SIMON THOMPSON
Format Trade Publication Article
LanguageEnglish
Published London The Financial Times Limited 19.07.2019
Subjects
Cash flow
Corporate profits
Cybersecurity
Data encryption
Dividends
Earnings
Earnings per share
Fund raising
Marketing
Mobile commerce
Network security
Semiconductors
Software
Stock exchanges
Stock prices
Stockholders
Israel
Tel Aviv Israel
Online AccessGet full text
ISSN0261-3115

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Summary:If Bango can maintain the current EUS runrate then it will be generating in excess of £2bn of EUS in 2020. [...]with a stable cost base and a stable revenue margin, operating profits should soar and warrant a target market capitalisation more than double the current level. [...]network operators and virtualised network function providers will be able to deploy their applications and operate across all major hardware architectures, so leveraging the advancements in different processor technologies. The initial $14.5m investment was received in April which placed an enterprise value of $44.5m on Ador, implying BATM's retained 38.2 per cent stake in the joint venture is worth $17m. [...]a further $15.5m (at a valuation that will be 33.3 per cent higher than the current enterprise valuation) will be funded by the same new investors at the end of 2020, subject to certain milestones being achieved, highlighting clear potential for even more value creation for BATM's shareholders. The target is to grow the total customer base organically to 150,000 by December 2020. [...]customers are increasingly profitable as highlighted by the 54 per cent rise in first-half cash profits to £4.3m on revenues up 21 per cent to £30.5m.
ISSN:0261-3115