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MPOW Mopowered Grp

3.75
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mopowered Grp LSE:MPOW London Ordinary Share GB00BGDW0L56 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.75 GBX

Mopowered Grp (MPOW) Latest News

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Date Time Title Posts
10/6/201512:29MoPowered - taking retail therapy to the smartphone set360

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Mopowered Grp (MPOW) Most Recent Trades

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Mopowered Grp (MPOW) Top Chat Posts

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Posted at 15/5/2015 12:37 by 21trader
One of the most craziest rises I've seen in a long time.

If course they have to change things how can you keep losing 5 million a year when you are a 1-2 mil company but to do a massive new placing at 2p and then form a
partnership does not warrent a rise to 4.5-4.75p high a price where some large
buys have really trapped themselves people are crazy to pay for size at such inflated prices to the price 2 hours ago which was 1.65p !
Posted at 15/5/2015 11:37 by ihavenoclue
illuminati1 29 Jul'14 - 09:20 - 197 of 337 0 0

MoPowered expects that the commercialisation of this technology will support the achievement of its revenue targets in 2014 and beyond.

No brainer below 30p

========================

Only people with No brain call a share a no brainer !!
Posted at 15/5/2015 11:06 by 21trader
Cannot believe people are chasing this because of the placing price and deal at 2p.

Have they seen the horrendous set of results a minute earlier ?
Posted at 24/11/2014 09:10 by yump
Wouldn't surprise me if this went bust, the model isn't working very well at all.

42 new clients in first half (stated at interims).
17 in 4 months in the second half, so say 25 total in second half.

The only way its working is if the 42 included a load of small ones and the 17 represents all mid-tier or higher.

Will be keeping an eye on it though. They will still have gone from 1mln revenue to 1.6 mln year on year, but too early to say whether there is any real traction.

The 17 may well be bigger, but if the % MPOW are taking is less than before...

Basically they're experimenting with investors' money.
Posted at 24/11/2014 07:09 by joan1234
Another 21traders RAMPS DOWN THE STANK AND NEED CASH BURN RATE SHOCKING

MPOW OH DEAR

Trading Update

and

Board Appointment



Trading

Since the placing, which was announced in September 2014, eight new target mid-tier clients have been signed up, bringing the number of new clients signed up so far in the second half of the year to 17. Notable wins include luxury brands such as Duchamp and Forzieri and spare parts supplier, Adrenalin Pedstop.

This number of new client wins is, however, lower than management expectations. The contract sizes for these new customers have also been somewhat lower. Accordingly, based on these factors and a delay in certain project revenues coming through, the revenue for the second half and therefore the year as a whole is expected to be lower than the market expectation of £1.6 million. Consequently, as part of a strategic review, the Board has identified significant further cost savings which it is in the process of implementing to control cost and conserve cash.

The Company is in the final stages of development of a major new product release, for which a trial site has demonstrated improved revenue-generation metrics for the Company's clients. The Directors believe the new technology will also deliver faster on-boarding times. Initial feedback from clients has been positive. Further details will be released in due course.

Board Appointment

The Company is pleased to announce the appointment of a new Finance Director and Company Secretary, Richard Gordon, to the Board, with immediate effect. Richard brings with him significant experience, gained in various senior finance roles. Richard is a Fellow of the Institute of Chartered Accountants in England and Wales, with his most recent role having been Managing Director at Direct Health Group Limited. Richard has previous experience working with public companies, having been Finance Director at Broadcastle Plc (which was acquired by Siemens Financial Services Ltd and delisted in 2005) and Finance Director at Rubicon Software Group Ltd, where he had a leading role in Rubicon's Admission to AIM. He has also provided Consultancy Services to a number of companies including Eurovestech which at the time was listed on AIM. Richard will devote at least 2.5 days per week to the Company, spending more time as required.
Posted at 23/9/2014 10:38 by the stigologist
ignorant or liar ?


TOPINFO
23 Sep'14 - 10:35 - 444885 of 444885 0 0

If your share price is 24p and you go with the begging bowl to the city and ask for funding and you get it offered but at 5p, what does that say about your business and the confidence in it going forward. Never seen such a discounted placing in all my years doing this tbh.
Posted at 23/9/2014 10:20 by the stigologist
In order to recapitalise the Company, Peterhouse has conditionally raised £300,000 at 0.06 pence per Subscription Share, through the subscription of 500,000,000 new Ordinary Shares representing 53.7% of the issued ordinary share capital. The members of the Consortium have each agreed to sell their entire holdings in SSM (being 203,536,656 Ordinary Shares in aggregate, representing 47.2 per cent. of the existing issued ordinary share capital) to the investors, on a pro rata basis to their investment, for a nominal sum of £1, the effect of which is to reduce the price per share being paid by the Investors to 0.04 pence per share.
Posted at 22/9/2014 11:54 by bakunin
Can't ever see an entry point for investing in MPOW anymore.
70m new shares on top of the existing 16m.
As long as the share price is above 5p, the new placees will just drip-sell to any new buyers.
Way before the market has worked through such a massive chunk, the company will have eaten its way through the new cash, unless revenue soars.
It is, therefore, a clear bet on the company ramping up revenue in a dramatic way.
Does revenue at tech companies just start soaring from one day to the next? Not according to the Technology Adoption Life Cycle theory.
Obviously a very poorly-managed company. Only recently IPO'ed and ate through the money raised on admission at a rate of knots. With the cost structure they have (and giving them the benefit of the doubt that all the money is being poured into development and commercialisation of the products), they have clearly underestimated the market opportunity for their products, otherwise they should clearly have raised far more money like eg Wandisco (although that company is also ravenous for cash on a greater scale).
Posted at 22/9/2014 07:30 by topinfo
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MoPowered Grp PLC (MPOW)
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Monday 22 September, 2014
MoPowered Grp PLC
Proposed Placing / Subscription & Notice of GM
RNS Number : 1937S
MoPowered Group PLC
22 September 2014


 For Immediate Release 22 September 2014



MOPOWERED GROUP PLC



("MoPowered" or the "Company")



Proposed Placing and Subscription

and

Notice of General Meeting





MoPowered Group Plc (MPOW), the mobile commerce specialist, is pleased to announce that it has conditionally raised approximately £3.50 million) (before expenses) through the issue of 70,000,000 New Ordinary Shares by way of a Placing and Subscription at an Issue Price of 5 pence per New Ordinary Share. N+1 Singer is acting as sole broker to the Company in connection with the Placing.



It is proposed that the net proceeds of the Placing and the Subscription will be used to strengthen the Company's balance sheet and accelerate growth through investment in sales and marketing activities, product development and the acquisition of app creation software assets.



The Issue Price of 5 pence per New Ordinary Share represents a 75.31 per cent. discount to the closing middle market price of 20.25 pence per Ordinary Share on 19 September 2014, being the last business day prior to the announcement of the Placing and the Subscription.



The Placing and the Subscription are conditional, inter alia, on Admission becoming effective, the Placing Agreement between the Company and N+1 Singer becoming unconditional and not being terminated (in accordance with its terms), the passing by the Shareholders of Resolution 1 and 2 (as detailed below in paragraph 8) at the General Meeting, including a special resolution which will give the Directors the required authority to disapply statutory pre-emption rights in respect of the allotment of the New Ordinary Shares and clearance from HMRC that the Company's business qualifies for EIS relief and is a qualifying business for VCT relief. Subject to all relevant conditions being satisfied (or, if applicable, waived), it is expected that the New Ordinary Shares will be admitted to trading on AIM on or around 13 October 2014.



A General Meeting of the Company will be held at 10.00 a.m. on 8 October 2014 at the offices of Wragge Lawrence Graham & Co LLP, 4 More London Riverside, London SE1 2AU.



Copies of the circular, which will be posted to shareholders later today, will shortly be available on the Company's website (www.mopowered.co.uk).





MoPowered:


020 3242 0515



Dominic Keen, Chief Executive Officer

Mike Hughes, Chairman
Posted at 26/3/2014 22:46 by montynj
This is what Red hot Penny share guide wrote: " MPOW was set up in 2008, at the same time as the first consumer smartphones were coming onto the market. Founder Dominic Keen has a strong background in e-commerce: he used to be the online banking product manager at Egg, the internet-only financial services business originally set up by the Prudential. It was partially floated and then sold to Citigroup in 2007. At that time, Mr Keen left to form MoPowered. Originally, his idea was to develop mobile personal financial services. But then the mobile commerce element captured his imagination. MPOW began working on mobile IT projects for big retailers like Next, Superdry and Waterstones. It's quite impressive that Next, which makes over £300m annual operating profit from its online Directory business, has outsourced its m-commerce to MoPowered. MPOW developed its first application for Next in 2009 and is now its sole supplier for mobile websites and apps. Having such blue-chip clients certainly lends a lot of credibility to MPOW. But unfortunately it doesn't result in a scaleable business. The relationship with Next is mainly project-based. To do a lot more of this bespoke work for very large clients would be labour intensive, and MPOW would have to keep hiring software engineers to service new customers. So instead, they've used the knowledge and expertise accumulated from this m-commerce project work to develop a product that can be sold to lots of customers. No IT bod requiredMPOW has invested heavily in building an m-commerce platform, on which they spent over six years and in excess of £5m. It's been the focus for MPOW's future growth since it was launched almost two years ago. The big message here is that this is a scaleable business with a high proportion of fixed costs. That means that as revenues grow and the company becomes profitable, high margins and strong cash generation should follow.The MoPowered platform is multi-tenanted. That means hundreds of separate retailers share the same system. The process of bringing on-board new SME clients is quick and highly automated. A software tool translates the client's existing desktop website code into a mobile-friendly format. This is designed so it doesn't require IT specialists to carry it out. There is flexibility for some customisation, so the branding and look of the mobile site is consistent with the client's main desktop website. But a high degree of standardisation means new SME clients can be set up quickly and at little incremental cost. A new customer can be up and running in a matter of days.The client's desktop site also relays any changes in product or pricing to the MoPowered platform to keep the mobile site up to date. The system also handles large volumes of payments so MPOW has ensured it is compliant with Payment Card Industry standards (PCI-DSS). This allows small retailers to receive mobile payments through a range of partners including PayPal and the major card companies.MoPowered has "skin in the game"MPOW hosts these mobile sites on its cloud-based platform. That means everything is done remotely from the client's premises. It's an approach that also lends itself to the increasingly popular Software-as-a-Service model (SaaS). Clients rent the software rather than paying a big upfront licence fee. It makes it more affordable. And because the platform is shared, all clients benefit from improvements and updates immediately. Although MPOW's revenue will build more slowly under this SaaS model, I think its steady, repeat nature leads to a higher quality stream of profits. Clients pay a small set-up fee, but most of the MPOW's revenue comes from a monthly rental charge plus a small share of the sales generated from the ensuing m-commerce. This cut MPOW receives from a client's m-commerce sales helps align both parties' interests. MoPowered's proposition is that a well-designed mobile website will have a measurable impact on customer conversion. So it's directly incentivised to help their clients grow sales from their m-commerce activities. For example, Price Right Home is a family-owned e-commerce retailer selling a range of over 3,000 children's home and decor products. Moving to MoPowered's mobile platform has had a clear impact on the company's performance. The proportion of people visiting the site who made a purchase (the conversion rate) improved by 58%. People stayed on the site 20% longer than before and pages viewed per visit rose by 64%. PIt's eyeing up the European marketAt the time of the IPO in December, MoPowered had 120 clients. Of these, 99 were SME specialist retailers like Price Right Home. It's estimated there are 25,000 potential UK clients in this segment, so there is a huge opportunity. The revenue model has flexibility to accommodate different client profiles. For small clients a set-up charge of £1,000 followed by monthly rental charges of £150 for the hosting and maintenance plus 2.5% of transactions might be typical. Over a standard two-year contract these clients might be worth around £8,000. Thirteen clients back in December were mid-tier merchants like the BBC Shop and the homeware company Denby. These businesses will have online sales in the £5m-50m range. Their greater sophistication means they might require a little more hand-holding and customisation than the SME segment. This results in a bigger set-up charge and monthly rents in the £400 region; but higher volumes might mean the revenue share is only 1%. MPOW estimates there are 3,000 UK retailers who fall into this category. These clients are clearly more valuable, with a two-year contract worth maybe £40,000 to MPOW. The smallest segment of the customer base is the large enterprise category. Revenues here can be into six figures (Next currently accounts for over £250,000), but this work is more project-driven and one-off in nature. Work for the likes of Next and Waterstones does have other benefits though. Aside from adding to the company's credibility, the software development for these customers can also provide ideas for improving the core SaaS platform. While the UK market for potential SME and mid-tier clients is clearly large and valuable, MPOW is also starting to think about the opportunity in Europe. Smartphone adoption in the UK is ahead of many European countries, which has given MPOW a lead in the m-commerce space. But the major Western European online retail market is around twice the size of the UK so it's important to get a presence, even at an early stage of MoPowered's development. This has now started to happen: the Austrian tights company Wolford is already a customer, and we should see more resources applied to growth in Europe as 2014 progresses. MoPowered can dominate mobile commerceThe company has focused on investing in its technology base up to now, but the IPO proceeds will allow it to push on with sales and marketing to grow the client base. The sales team was eight strong at the end of 2013 but will grow to around 20 this year, including some foreign language speakers for Europe. An important source of new business referrals comes from "channel partners" like payment companies and other suppliers of e-commerce IT to retailers. Relationships are in place with WorldPay, SagePay and PayPal among others. CEO Dominic Keen is a bright and enthusiastic leader of the company who retains a significant shareholding. He holds a Business and Engineering degree from Cambridge, and being well over six feet tall and a former member of the Great Britain judo team, he's someone you take seriously! He is supported by an experienced chairman in 68-year-old Mike Hughes. Mr Hughes has a background at General Electric Company and more recently was CEO of Midlands Electricity, as well being a board member of Oxford Instruments and South Staffs Water. Finance Director Ben Carswell also has an impressive CV which includes an MBA from Oxford and experience with PwC and RBS. This management experience is reassuring and post-IPO the company's balance sheet is sound, with net cash estimated at £2.8m at the end of 2013. The shareholder register includes Artemis and Hargreave Hale, both well-regarded institutional small-cap investors. But this is still a young company and there are several risks to take into consideration. The most obvious risk is that the company has yet to make a profit. This makes valuation more difficult to gauge. Profits will depend on growing the number of customers on the platform, which means hiring effective salespeople and working with the right channel partners will be crucial. So far the evidence is good with client numbers growing from 64 to 127 over the last six months of 2013. But this is early days in a fast-moving industry . The main competition is from in-house technology ...continued on next page......continued on next page...10teams or consultants providing bespoke solutions. MPOW offers a different SaaS model, which should be a more attractive approach to many clients; but there is a risk that other e-commerce suppliers come up with competing mobile platforms. Ultimately, we are in a land-grab phase and MoPowered has to make the most of its focus on mobile before the competition wakes up.So what are the shares worth? Broker N+1 Singer has MoPowered moving into profit in 2015 with revenues of £8.1m and a small net profit of £0.1m. Gross margins are forecast at 86%, reflecting the SaaS model, so a further rise in revenues to £13.4m in 2016 gives net income of £3.2m – most of the sales growth drops to the bottom line. Verdict: If we put this net income on a multiple of 25 times, which is perfectly reasonable for an internet business of this type, we get a market cap of £80m or 506p per share. So if all goes according to plan that could be our price target, for a 406% gain. But we should apply a healthy discount to this to reflect the risks in a small growth company so we can have 250p as an initial two-year target. We should expect losses this year so the news to focus on will be growth in client numbers, sales partnerships and large enterprise client wins. Another high risk idea; given the exciting long-term prospects for m-commerce the shares are a Buy"
Mopowered Grp share price data is direct from the London Stock Exchange

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