Mobilityone Share Discussion Threads

[jbe81] 27/10/2022 15:56

Impressive volume once again

[ac_trades] 27/10/2022 15:53

Up 218% since 18th Oct and still a long way off it's previous high. Are we expecting any further imminent news updates? Trying to decide if I should add more or sit and see where this goes?

[ac_trades] 27/10/2022 15:38

Great post and very good news for Mobiltyone

[the hofer] 27/10/2022 14:33

Katsy

The seller was out last week.

[katsy] 27/10/2022 14:30

I believe the big seller is now out. The one who once held 19% that is.

[jbravo2] 27/10/2022 14:22

It’s the volume that is key of course.
With such a small free float the seller can’t be far off cooked and then we’ll see a rush up like last time. With the deal it’s less likely to retrace

[the hofer] 27/10/2022 14:20

We are breaking out on higher volume. The next resistance is about 19.5p something. That's where the big holder keep dumping 100K of shares.

[jbravo2] 27/10/2022 14:17

Thanks The Champion
This is gonna fly

[katsy] 27/10/2022 14:10

Can't help feeling with all this technology we're building our own prison.

[ac_trades] 27/10/2022 14:06

I always thought this would come good but it's taken longer than expected!! Expect the upward trend to continue but hold this time. Good luck to all the long term holders on here..

[smackeraim] 27/10/2022 14:03

https://blog.kms-solutions.asia/what-is-super-app-and-why-it-is-taking-over

[mattjos] 27/10/2022 13:59

thanks for sharing The Champ. Good article
Actually, quite mind boggling with regards what is unfolding before us. I have upgraded what I believe is fair value for the shares & that is absolutely not under 50p but, well over.

[the champion] 27/10/2022 13:48

Definitive agreement !

[the champion] 27/10/2022 13:48

Definitive agreement !

[the champion] 27/10/2022 13:48

hxxps://spacinsider.com/2022/10/19/technology-and-telecommunications-tete-to-combine-with-super-apps-in-1-1bn-deal/


Tech & Telecommunications Acquisition Corp. (NASDAQ:TETE) has entered into a definitive agreement to combine with fintech Super Apps at a valuation of $1.1 billion.

Kuala Lumpur, Malaysia-based Super App has agreed to acquire a 60% stake in OneShop Retail from MobilityOne (LSE:MBO.UK) immediately prior to the deal’s close, resulting a combined ecommerce and card payment company.

The combined company is expected to be renamed TETE Technologies and is expected to trade on the Nasdaq under the symbol “TETE” once the deal is completed in the first half of 2023.

Transaction Overview
Tech & Telecom has a $115 million trust and has not yet supplemented this with a PIPE, and the parties have not released their merger documents. The SPAC’s profile page will be updated once additional information is available.

Super Apps shareholders are to receive Tech & Telecom shares equal to an aggregate value of $1.1 billion minus its closing net indebtedness $235 million. The remaining $865 million-worth of shares will be subject to earn-out conditions.

Quick Takes: This is a deal with a lot of moving parts, and still lacks a large amount of information at this stage.

In addition to the move by Super Apps to take over a chunk of OneShop Retail, the company has also agreed to a collaboration with payments app Myisco, which will takes effect at close. The Myisco app is an e-wallet similar to Venmo or the Cash App and is itself owned by ANGKASA, which is a national federation of cooperatives in Malaysia.

ANGKASA is a broad-based network comprised of 14,657 cooperatives in Malaysia with an individual membership of about 7 million people. It reportedly had about RM152.1 billion ($32.2 billion) in assets as of June 2021 and RM41.5 billion ($8.8 billion) in annual revenues in 2020.

As a part of the Myisco collaboration, ANGKASA moving forward will use OneShop Retail’s systems to process all bill payments and credit lending as well as customer debit, credit and check payments throughout its broad network. OneShop Retail technology will also be used to process ANGKASA’s payroll.

Based on this and other potential collaborations, Super Apps believes it will generate $348 million in revenue in 2023E. MobilityOne will retain OneShop Retail’s intellectual property but will give OneShop Retail a long-term license for the IP backing these systems.

MobilityOne itself reported £255.7 million ($287.6 million) in overall revenues 2021 across its 10 subsidiaries, of which OneShop Retail is just one. To this point, the OneShop Retail branch appears to have primarily focused on merchant retail sales systems in Malaysia.

The company’s earnings do not break down its revenue by geography, but it noted it generated about £2 million in profit subject to Malaysian corporate taxes, which was presumably made up by OneShop Retail and the group’s six other subsidiaries focused on the country.

As such, for a deal that is already complicated on the face of it, there are still many more questions that investors will surely be interested to see answered in forthcoming materials. Being integrated into such a large network from the start is certainly an enticing opportunity, but it appears that several entities are in a position to take a cut of the action.

The market has also been wary of Southeast Asia-based fintechs with the five Singapore-based de-SPACs trading at an average price of $2.42. This cohort is led by perhaps the region’s largest fintech in Grab (NASDAQ:GRAB), which was at one point the largest SPAC deal in history.

Grab now trades at 5.8x its current revenue. The parties to this transaction meanwhile have not released a proposed enterprise value, but the price tag in terms of its aggregate share consideration to Super Apps equals about 3.2x its 2023E revenue.

[mwainw1973] 27/10/2022 12:38

You can have mine at 20p

[smackeraim] 27/10/2022 11:35

Haha is this the MBO mafia. You're not allowed to post unless you've been here years lol It's just had a transformational deal. Of course you're going to see new people posting. Dreary me

[the hofer] 27/10/2022 11:17

My apologies board, I get angry to see these losers trying to ramp for no reason.

[the hofer] 27/10/2022 11:09

No, by logic



tradeforce27 Oct '22 - 10:49 - 3217 of 3222

Well, A couple of months back I would have been happy to unload a few at around 15p,

[ghost_walker] 27/10/2022 11:01

who are those new idiots that appeared this week? Like candlestick, Billthetank, sraynot, someuwin (this guy has the most losses though).

According to Majjtos, the new buyers are buying in chunks of fish and chips, most probably most new guys have 3-4 times larger holdings than him, as they are buying 4 times cheaper.