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The Ten Bagger Quest - Could this become one of AIM’s giants?

20/10/2017 · Bango  

The Ten Bagger Quest - Could this become one of AIM’s giants?

AimZine’s Ten Bagger articles look at small companies with considerable potential for growth. Usually we look at companies valued at less than £20m where we believe there could be potential for considerable share price growth. Today’s article, however, concerns a company which already has a market capitalisation of over £150m. So, were this to “10 bag”, it would become one of the top 10 largest companies on the AIM market. The exciting thing about this prospect is that its underlying turnover is rocketing - more than doubling in the first 8 months of this year - and it looks like the rate of increase will continue for some while; if it does then a massive re-rating of the share price is possible. However, as with all Ten Bagger Quest companies, there are considerable risks. This AimZine article considers the exciting growth story and looks at the risks.


BANGO (AIM:BGO)

At the beginning of the year, AimZine reported here on Bango’s January Trading update when the share price was just 97 pence. Since then business has performed well and the Company has won an important deal with Amazon in Japan. The share price has responded to these positive developments and now stands at £2.30 but just how much further has the business and its shares to run?

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