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[1ravls] 25/11/2014 07:02

The Times this morningRunning very short of powerNo one can accuse MoPowered of inconsistency. Since its AIM debut a year ago, the disappointment has been relentless.Back then, N+1 Singer helped it to raise £4 million by selling shares at 100p, pocketing £160,000 of fees. By March, the shares had peaked at 113p after MoPowered talked up a revenue opportunity of about £1 billion for its technology, which tailors retailers' websites for smartphones.Instead, losses widened and costs soared, all but wiping out the cash raised from the float. Back to its broker in September for a rescue £3.5 million fundraising, this time at 5p.To yesterday, when MoPowered warned that annual revenues would miss market expectations of £1.6 million because of fewer new clients and smaller contracts.Cue the shares cratering 24.1 per cent to 5½p. Not quite a member of the "95 per cent club", but never cheaper.

[yump] 24/11/2014 21:41

Stegrego

You forgot nah, ni nah nah ;-)

Must remember not to try to stag any floats, even with punty amounts - I decided not to years ago, but the temptation is always there. Not helped by the inevitable few that fly for no reason every year - there must be some gas even better than Helium in some of them.

Fortunately SRG going well - I stuck quite a bit in there near bottom.

[stegrego] 24/11/2014 20:08

Told you it was a pile o poop.

[fillipe] 24/11/2014 10:05

Even before today's news I can only see broker forecasts showing losses as far as year 2015. Presumably those numbers now worsen.

f

[yump] 24/11/2014 09:14

bobby.ifa

Me too, that'll teach me to take a punt on a float. The proper (eg. Blur?) PR machine didn't get behind it well enough ;-)

Fortunately just put a small bet on as £1mln revenue on float is not very exciting.

Market appears to be there though. So if it survives and grows, at some point the valuation could end up being way too low. eg. if they do the £3.5mln next year market cap will be almost the same and they'll have doubled revenue.

[yump] 24/11/2014 09:10

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.

[onjohn] 24/11/2014 09:09

One of Gobby Burns shares of the year

[fillipe] 24/11/2014 08:36

It all sounds very small-time and much too gloomy

[joan1234] 24/11/2014 07:49

LOOKS like big cash injection needed

[goldenmember] 24/11/2014 07:39

About time the CEO fell on his sword IMHO! They have only been on the market 5 minutes and in that time delivered nothing but bad news! Those that supported the initial placing have seen 95% of their investment written off with no sign of any recovery!

[21trader] 24/11/2014 07:37

Pretty awful update that one. Do not even think I will buy the big drop today.

[joan1234] 24/11/2014 07:09

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.

[21trader] 04/11/2014 13:44

Seems to be a order in 100k sale and still bidding 6.72p for 100k or 6.68p for 150k.

Offering a little stock now 37.5k at 7p must be something to show later

[topinfo] 04/11/2014 11:59

21w@nker sna his other usernames i.e Stigologist just de-ramped FTE when I bought at 0.1p. It just did 100% in 2 days. Same will happen here IMO, it way too cheap given funding and recent newsflow.

Shall I come back when its over 10p+ and say I did tell you lol.

[21trader] 04/11/2014 11:56

lol

Post of the day yump :-))

[yump] 04/11/2014 11:53

I don't know why, the share has already plummeted ;-)

Perhaps some punters can look forward to a phone call regarding an 'excellent opportunity', describing how 6p is cheap (as its not many pence) and 'we have a 10p short term target'.

[21trader] 04/11/2014 11:49

Oh ffs flopinfo is here this is all we need !

[topinfo] 04/11/2014 11:42

Cheers for heads up mate I like what I see.

Should see 10p+ easily IMO with come volume.