Professional
Added to YB: 2026-05-06
Pitch date: 2026-04-30
CABP.L [neutral]
CAB Payments Holdings Limited
-1.06%
current return
Author Info
Caro-Kann Capital is a research-intensive investment firm focused on small cap stocks. Visit the website.
Company Info
CAB Payments Holdings Limited, through its subsidiaries, provides business-to-business cross-border payments and foreign exchange (FX) services in the Americas, the United Kingdom, the rest of Europe, Africa, the Middle East, and Asia.
Market Cap
GBP 213.2M
Pitch Price
GBP 0.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
42.27
P/E
16.15
EV/Sales
-2.83
Sector
Financial Services
Category
special_situation
Caro-Kann Capital Portfolio Holding: CAB Payments Holdings Limited
CABP.L (holding update): Correspondent bank + modern payments co for emerging markets, especially Africa. Built moat via Nostro accounts, relationships & scale. IPO July 2023 at 335p, collapsed on Central/West African franc issues. Established position Feb-Mar 2024 at broken IPO prices. 2H 2025 results confirmed business not structurally broken. New mgmt executing well. Now 'in play' with 2 takeover offers (PE firm + StoneX). Risks: FX regime changes, regulatory shifts, corridor-specific disruptions. Thesis: valuable niche network where large banks retreated.
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