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Share Name | Share Symbol | Market | Stock Type |
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Mopowered Grp | MPOW | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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3.75 | 3.75 |
Top Posts |
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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 28/10/2014 10:53 by raysor Hmm, shrewd investor, buying Mopowered! |
Posted at 28/10/2014 10:42 by bobby.ifa I know he's a shrewd investor, he made a packet on eiodos & silence therapeutics. |
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 04/8/2014 07:57 by opodio Living in denial. There is not enough cash to carry it beyond DecemberNeeds to find mug punter investors from Octopus and Isis to invest. Its their last hope imho |
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 |
Posted at 22/3/2014 15:01 by montynj @yump. Totally agree. This stock is still below investors' radars and hence is a great opportunity to accumulate whilst this is still the case |
Posted at 22/1/2014 18:02 by protean Chief executive Dominic Keen told Proactive Investors: "The market conditions for mobile commerce are very, very strong at the moment.""Mobile commerce is one the strongest technology themes that will play out over the next few years and as such, successful execution of its growth strategy should create substantial shareholder value," said analyst Tintin Stormont. |
Posted at 21/12/2013 23:23 by cottoner Tech Innovators 2013: MoPoweredDate: 29 August 2013 Article: Profile Based in: London Founded in: 2008 No. of employees: 40 Company co-founder: Dominic Keen Founder profile: Having helped grow online bank Egg prior to its sale to Citi Group in 2007, Dominic Keen is a well-known pioneer in online commerce. He co-founded MoPowered to act as a service provider for the $1 trillion of global m-commerce transactions that are forecast for 2015. Background business profile: Dedicated to providing m-commerce for all, MoPowered represents a recognised, accessible and cost-effective service to help all retailers to take advantage of the growth opportunities offered by increased levels of mobile traffic. MoPowered enables merchants to quickly and seamlessly execute a mobile strategy via mobil e-friendly websites and apps. Inside track: Having rode the wave of online banking success when part of the team which IPO'd Egg and ultimately sold it to Citi Group, Dominic Keen has set up MoPowered to address the rise of mobile smartphones. The SaaS product that has been created is firmly aimed at the B2B market and building mobile-friendly websites so that engagement can be improved. Already Keen has big plans for his business ones which will have to be expedited quickly to keep up with a fiercely competitive environment. 'We are looking to IPO on AIM in the next 12 months, so are working quite hard to get that away,' he reveals. 'We have launched a pre-IPO funding exercise which is looking to raise £1.5-2 million.' When pressed on why London's AIM market has been chosen as the company's ultimate home, Keen says that becoming public will give MoPowered's customer base more confidence in its offering. 'It's a more exciting place to be right now as much more money is coming back into AIM. There is a higher risk appetite for investors in tech, which hasn't been there recently,' he adds. Two floats during the last year which have given him confidence are those of WANdisco and blur Group which, to him, signify that AIM is opening up a bit. For business targets, MoPowered will be growing its pipeline by continuing to educate B2B consumers on the benefits of a mobile presence. 'Our sweet spot is those between the £1 million and £20 million of online trading. For them, our proposition is clear and differentiated.' Recent milestones: Processing around 500,000 transactions a month 60 live clients PCI-DSS Tier 1 processor Upcoming milestones: Cash flow positive at the end of 2013 Expansion into European markets in 2014 Recent technology: MoPowered's WebFlow technology automates the onboarding process for new merchants, to make the cost of implementation very low Integration with new e-wallet products such as PayPal Shortcut, V.Me and Masterpass help to improve conversion optimisation across the mobile and tablet channels New platform features for improved search, enhanced site performance and compatibility with key mobile marketing methods Alliances: PayPal WorldPay Sage Pay MasterCard SecureTrading Investors: Anthemis Investments Oxford University Government Angel CoFund |
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