Market's view on Boku
Published on April 2024
- A stock watcher noted that less interest on bulletin boards leads to lower share price volatility, which is preferred.
- Positive business performance and outcomes were highlighted, despite low interest from the public.
- Concerns were raised about Boku’s past mistakes with acquisitions but noted a return to traditional business strengths. Comparisons were made with Bango, suggesting Bango has more potential upside due to its valuation.
- Serious concerns about Boku’s management were voiced, suggesting a lack of confidence until there is evident improvement.
- A significant agreement between Boku and Amazon and a major launch in China with Alipay were discussed.
- There was a debate on the merits of Boku’s share buyback strategy at low prices, with opinions divided on whether it benefits shareholders.
- Criticisms were directed at Boku for perceived share price manipulation and lack of communication, which was said to be detrimental to shareholder trust.
- Boku’s financial performance showed strong revenue growth and effective funding of operations compared to industry peers.
- The appointment of Keith Butcher as CFO of Boku was discussed, noting his extensive experience and previous influential roles.
- Concerns were raised about Boku’s share price being likened to a “falling blade,” suggesting significant risk.
- Questions about the timing of financial results announcements raised suspicions about the company’s transparency.