CAB Payments Holdings plc - CABP

This firm provides business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets.

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What does the unlisted bit mean?

For those who may have some interest, the company only came to market this year. Fell 75% yesterday! And more today.

Small company just come to market. Hits the market with a bit of bad news. Share price gets hit extra hard and won’t be easily forgiven.
Maybe worth looking at as recovery stock… maybe!

It’s a way of creating topics and then “enlisting” them so they can’t be found. Often done ahead of a stock being added. Mod accounts can delete those tags with a trash can next to them - makes it tidier

High for the year 315p presently 51p.
Been listed June 2023
Delisted December 2023… joking.
That is one helluva a fall in such a short period of time since listing.
Major problem is the Nigerian niara which has moved to a floating rate…and every other African currency, that’s there excuse.
Could be one helluva recovery share… hopefully not like Cineworld!!

CAB had a wonderful fall and became a really good oportunity. Investors ran away in fear (maybe because JP Morgan had a short on it?) after a 17% drop in earnings forecast and threw the baby, the water, and the whole house.

Since it touched ~50 in October it has been going up slowly, and with some bumps as another company took a large short position (and sold it at a loss).

Today it touched 80p, and I have the impression that it will be above £1 on Q1 next year.

The company has been listed for a short time, but it has been doing business for a very long time, and they are quite profitable too. CAB has a huge advantange as they have been working in Africa for a long time and has fluent contacts with a good number of the central banks in the region. The new goverment in Nigeria was not happy with CAB and many other cross-border payment providers and they closed the faucet to transfer funds even more. This started a couple of years ago (in 2020?) when Nigeria suddently changed the regulations and a lot of remitance companies found not being able to transfer funds. This was really bad for the Nigerian local economy too as the Nigerian diaspora sends a lot of funds back home (more than 4% of their GDP!).

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