Bango (#BGO) FY Numbers -more losses, stacks of jam tomorrow offered
- 2016-03-15 00:51:47
UK 05:37 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
I have never understood the vagaries of how companies are valued on AIM. Select ten companies at random, have a brief trawl of their recent financials and try to guess their market caps and I defy anybody to even get close. In this spirit I had a look at Bango (BGO) the other day and, forewarned that it was a little on the expensive side, decided to aim high.
I have noted before how Bango (BGO) merits an AIM Casino jam tomorrow promises. Floated in 1999 it has sent £27.5 million to money heaven and has never made a profit. Interims today are thus par for the course but the cash position looks tight. At 102p the market cap is £46 million and the shares are a screaming sell.
Does Bango (BGO) deserve some sort of award for its record for not making profits? The company was established in 1999, floated on the AIM Cesspit in 2005 and is still not actually making a profit? To date investors have lapped up its jam tomorrow story of enabling folks to make payments via apps, etc. and circa £25 million has gone to money heaven. But surely as yet another cash call looms this farce cannot pay on forever?
SyQic comes to market Monday with a cloud of all that is unknown on listing day. However the strong press coverage from the Telegraph here coupled with an air of popularity for IPO stocks like Royal Nail or, at the other end of the scale Rapid Cloud, suggests this may fly.
