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Sunday share tips: Bango, Harworth

Sun 28 May 2023 22:52 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - The Sunday Times's Lucy Tobin recommended shares of Bango to readers, telling them that the price had further to run even after their year-to-date surge.

Bango's mobile payments platform was now used all the big app stores, including those of Google and Amazon, allowing users to charge their phone accounts for purchases and feeding an eightfold jump in Bango's sales between 2016 and 2022.

The same platform was also licensed to clients in the telecoms sector who used it to sell product bundles fro its digital vending machine.

The firm also used its enormous vault of data so that app developers and merchants could target paying users.

Some analysts also believed that the recent purchase of NTT Docomo's global payments arm had transformed the business case.

So trading on a price to earnings multiple of 13 for 2024 the shares offered good value, Tobin judged.

The Financial Mail on Sunday's Midas column told readers to hold onto shares of Harworth.

Harworth owned approximately 100 former mining sites that were in various stages of renewal and reconstruction.

Ultimately, roughly 30,000 homes would be built on that land, as well as offices, warehouses and parks.

Furthermore, when the current boss, Lynda Shillaw came in during 2020, the company's assets were valued at £500m, but her goal is to double that number by 2027.

The shares had fallen from 154p just before Shillaw joined - and Midas recommended the shares - to 120p.

That was less the 190p per share at which the assets were valued.

"This discrepancy reflects concern about the wider property market, but it should reverse as Shillaw continues to deliver her strategy. Many employees come from mining backgrounds too, so they are deeply committed to the business.

"Existing shareholders should stick with it. New investors could grab a bargain at current levels."

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