Mobilityone Share Discussion Threads

[buggy] 08/12/2009 09:00

Talking to myself again but here goes:

The fact that they are able to place shares at well above the market price is fairly illustrative of the potential.

You can buy shares at 1.5p in the open market and they placed the shares at 2.5p which is a whopping 67% prenium.

Makes a change to the usaul placings at a hefty discount to market price.


Other pointers is that usually you need to give a discount to current price before placcess are tempted to buy in. This then must mean that whoever took the placing shares believes that 2.5p is a discount to the inherent worth of the share.

[dell314] 18/11/2009 15:33

Why are people buying this when results from the last two six month periods indicate that they need to double current sales levels just to reach breakeven?

Rgds
dell

All IMHO, DYOR etc.

[btb2] 22/10/2009 11:23

cheers.....never noticed the half yearly report in the header....doh!!

[newswseller] 22/10/2009 11:20

half yearly report was out at the end of sept, so next one in just under 6 months. But contract wins/news could come anytime

[btb2] 22/10/2009 11:02

newswseller.....any idea when next results / report may be due?

[newswseller] 22/10/2009 10:50

i'm still here though ;-)

[btb2] 22/10/2009 10:49

Geeeez...last post 29th June!

[gogoneko] 29/6/2009 07:54

Awful results - it's obvious that they're going to perform even worse this year and there are no indications when things might start to improve. The "provisions" issue appear to be a red herring to divert attention from falling revenues and the forthcoming interims are going to be even worse.

[loverat] 13/6/2009 17:02

Another complete shambles. As always - dell314 comes up with a good analysis before the trading statement and probably saved a few people getting sucked into this.

Dell314 is one of the posters to follow on this site - he knows his balance sheets.

[gogoneko] 12/6/2009 11:29

I've watched this share since someone mentioned it on the old EPY thread and for the record I don't hold:

My take on this morning's announcement is that it's not a nice read but there was always a big risk of underperformance because of market conditions (hence no shareholding). For some reason the management aren't being up-front in today's announcement about just how much provisions are likely to be charged. Obviously trading conditions are poor, but they've managed to grow revenues between H1 and H2 it seems which I read as positive (although perhaps they're normally seasonal) so it's the extent to which the provisions are contributing to the anticipated losses. If provisions are large then perhaps business is tough but not awful, but of course it begs a more worrying question of when will conditions start improving for the company's performance to respond according.

[snurkle1] 12/6/2009 11:12

Boy am I glad I bricked it a few days ago. Gut feeling told me to go a couple of days ago or perhaps it was Dell who scared the living daylights out of me...
Bit of both I guess, however feel sorry for you guys being lead round the garden path.

[induna123] 12/6/2009 08:36

Yeah, 5 months is a long time, they could have warned the market, but I would be even more angry if I had bought on the back of that rns three days ago.

Awful.

[dell314] 12/6/2009 08:30

Induna - What shocks me most is that today's trading update relates to the period ending December 30th. The fact that this update has appeared so long after the end of the period suggests two possibilities:

1) They were aware of the poor trading a long time ago and sat on the information.

Or

2) Their managemnt systems are in total disarray and they have practically no idea about the ongoing financial position until the completion of accounts...


If you remember, last year's full year results were a huge shock with no prior warning of the huge decline in operating performance. At least they did tell us in the most recent interims that performance would be challenging in the short term, so there was some kind of warning this time but I'm certainly unimpressed by the lateness of this trading update and would be speaking to managment if I was a holder here....

Rgds
dell

All IMHO, DYOR etc.

[inga66] 12/6/2009 08:29

Yes Newswseller - i agree with you.

[induna123] 12/6/2009 08:21

What stinks is the fact they release a positive sounding update on the 9th, sucking in a load of punters in the process and then release a devastating trading statement three days later. Pretty bad practice imo.

[induna123] 12/6/2009 08:15

Have to admit, Dell was spot on with his analysis. Sorry guys.

[btb2] 12/6/2009 07:56

Oh dear.....looks like a big mark down on opening

[dell314] 12/6/2009 07:33

I guess this means the pump'n'dump is over 'til the next time....

12 June 2009
MobilityOne Limited
Trading Update

The Company wishes to announce that when it announces the full year results for the year ended 31 December 2008 it expects to report a loss far below market expectations. Currently the unaudited accounts indicate a loss of approximately £880k on turnover of approximately £12.5 million both figures being subject to finalisation by the auditors. The demand for the Group's products and services has been affected by the weak business sentiment and some projects and expansion plans have been delayed. In addition to the poor trading conditions the loss was compounded by provisions for impairment and write down of assets.

The Company foresees that its performance throughout 2009 shall remain challenging. Nevertheless, the Group will continue to maintain its focus on developing innovative solutions through Research & Development and to grow and diversify its range of services in order to place the Group on a stronger footing to capitalise on future prospects.


A full update and the final audited accounts will be provided with the full year results ended 31 December 2008 which are expected to be released on 26 June 2009.

Rgds
dell
All IMHO, DYOR etc.

[newswseller] 11/6/2009 13:09

everyone is waiting

[dc78] 11/6/2009 12:12

Very quiet today - no trades at all yet. Seems strange after the last few days volumes.

[dc78] 10/6/2009 14:47

Dell, from what I've read, I am expecting results to show an improvement from first half of year but the proof will be in the pudding. I have already invested as much as I feel comfortable with and will now wait till after results to see what happens. Just my opinion of course and nothing more than that. Best of luck.

[dell314] 10/6/2009 14:44

Newswseller - I'd hardly call a 24% drop in revenue marginal!! With relatively fixed costs that kind of sales decline could be terminal if it gets any worse.

FWIW, I think you are rather confused about P&L's. The last set of dreadful results was not simply the result of increased capital expenditure, as capex is usually capitalised on the balance sheet and then depreciated. It won't be written off through the P&L immediately as you appear to think, so has nothing to do with the deterioration in results (FWIW, the Cashflow statement shows that capex was quite small anyhow).

The results were bad because sales declined significantly and costs rose considerably, hence bottom line was practically wiped out.

Rgds
dell

All IMHO, DYOR etc.