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Results: BGO

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Bango – argues ‘positioned well’… but it’s a current year forecast reduction

Payment platform company, Bango (BGO) has updated “on trading for the six months ended 30 June 2018”. This commences “End User Spend (EUS) continues its four-year growth trend of at least doubling every twelve months. The total EUS for 1h2018 was £220m compared with £92m in 1h2017, and £271m for all of 2017. As in previous years, EUS in the second half of the year is expected to be significantly higher than in the first”. Er, ok – but that is not about how the company is trading. What about financials?...

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