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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mopowered Grp | MPOW | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.75 | 3.75 |
| Top Posts |
|---|
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 SHOCKINGMPOW 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 04/11/2014 11:42 by topinfo Cheers for heads up mate I like what I see.Should see 10p+ easily IMO with come volume. |
Posted at 15/10/2014 10:35 by patviera robert keith buys 23pct..looks like hes a good friend of someone at henderson as they have same holdings in 5 or 6 shares...if henderson like mpow then probably a good punt heresumm also had a v lw placing so looks like singers put private clients in front of company clients....stinks |
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 KeywordCompany EPIC/TIDM SEDOL/ISIN News Price Announcements Fundamentals News Article RSS MoPowered Grp PLC (MPOW) Add to Alerts list Print Mail a friend 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 08/7/2014 13:16 by comet5d MoPowered (MPOW) has issued a disappointing trading update, which has hit the shares hard. It had earlier said that operational constraints had slowed down the rate of on-boarding smaller clients, but that trading was in line with plans. It now appears that some of the larger deals expected to complete last quarter have slipped into the second half, which will have an effect on the results for the year. MoPowered is a very young company and this is the sort of thing that can happen in immature businesses. The finance director is being replaced and MPOW clearly needs to get its act together operationally. I really like the mobile commerce industry and MPOW has a great opportunity here as the company says, market conditions remain strong. The company is now valued at less than the cash invested in building the software platform, but it's likely that more capital will be needed given the disappointing sales performance. I am retaining it as a high-risk buy as a play on the industry but it is clearly very speculative. Buy up to 35p with a revised target of 110p. |
Posted at 02/7/2014 09:33 by logans run MPOW brokers talking about a takeover already.Northland Capital MoPowered (LON:MPOW) Takeover Talk |
Posted at 01/7/2014 11:43 by aishah MoPowered (LON:MPOW)Another early stage company, which sells mobile retailing software. A trading update this morning looks weak - the company says that it "continues to grow strongly", but then says that sales in the six months to 30 Jun 2014 were just £0.75m! (less than expected). The company then contradicts itself again, by saying that some large orders slipped from Q2 into H2, but then says that they will miss their full year numbers! If the only issue was slippage from H1 to H2, then it wouldn't make any difference to the full year numbers. So yet again, order delays is used as a way to describe what is actually just poor performance. - shows broker consensus forecast of £3m turnover for calendar 2014, and a £3m loss. So I would now be concerned about the cash position - do they have enough to continue operating? From what I can make out, they only raised £2.9m in the Dec 2013 IPO, which looks to me as if they might run out of cash this year? So it now looks very high risk. Shares are down 38% to 38p at the time of writing. Another disastrous IPO, this one was from N+1 Singer - investors who bought at 100p in the Placing in Dec 2013 are now down 62% in slightly over six months. I know that AIM is supposed to be for more speculative, earlier stage companies, but some of the things that are floated are ridiculously early stage. Also, if you're going to float something this small, then at least raise enough money to ensure it can survive if anything goes wrong. I'm surprised to see that Hargreave Hale hold 7% of this company, as they're normally very shrewd. Maybe the situation is recoverable, I don't know. Situations like this make me even more determined to continue avoiding story stocks as much as possible, and instead try to keep focussed on proper companies with real cashflow, dividends, and cash on the balance sheet. - See more at: |
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-Servic |
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