Mobilityone Share Discussion Threads

[lloydypool] 28/10/2022 07:45

It’s a message board for a company that I’ve taken an interest in and posted positive & negative comments on for a while. Despite the newbies, there are some respectable posters on here & I value their inputs and having spent time digging I wanted to share bits that I’ve found. If I find positive things I will share that too.

[everready1] 28/10/2022 07:38

Pretty obvious what your agenda is here. If you not interested to invest and don't like the sound of the company, why are you here deramping!

[lloydypool] 28/10/2022 07:23

One of the directors of TETE is also a director of Virtu Capital, AIM stock suspended pending an RTO.

Going back years there has been allegations re Virtu. I think more digging into TETE is needed here. William Du’s linked in states they are aiming for a H1 2023 date for VETE super app merger & if Virtu RTO is anything to go in it could take much longer.

First page of Google if you search Virtu capital scam shows a blog from 2016 taking about Virtu/Du. I believed MBO to be a decent company but this deal screams alarm bells at me. Hopefully it’s TETE that is the issue & they have raised some money & will pay it over leaving MBO with pot of cash bigger than their MC but I’ll be treading very carefully. GLA

[guyswonga197444] 28/10/2022 07:23

another big blue day today please x

[jaspoland] 28/10/2022 03:13

Talk of Musk wanting to turn Twitter into a WeChat. That will raise the profile of Superapps. We look to be in a great place right now

[smackeraim] 28/10/2022 00:03

Super apps with digital wallets also make it easier for the users to stay in the super app ecosystem, reducing their dependence on cash and credit cards.

Owing to enhanced brand reputation and influence, Super Apps may gain greater financial and payment leverage over traditional authorities like banks.

[mattjos] 27/10/2022 23:53

The only thing that Allenby has ever done is to issue a couple of 'Speeding Ticket' RNS, for fear of a hand-slap from the regulator if they did not do so.
The "We Know of no reason' cobblers is a perfect summation of Athanas & Allenby - they do indeed know nothing.
Just a bunch of second-hand car dealers with a city address.

DYOR & it should quickly become obvious that the market is still hopelessly out of kilter with regards a genuine & sensible valuation for the equity in this company.

Equity here should be valued more like £1+, imo. The big seller is out and there are some strong signs that a few long term investors have arrived/increased their holdings.
Inevitably the herd of new traders here will have their 20% on each move up before swiftly moving on so, expect some continued daily volatility & associated muppet posts but, the dominant upward trend should be clear for investors.

[guyswonga197444] 27/10/2022 23:42

how many market makers does this share have now on the books?

[smraynot] 27/10/2022 22:24

100% tomorrow

[dabbler10] 27/10/2022 21:21

Thanks Matt. Makes sense. Hoping for good things for shareholders old and new. I got my first ones more than 10 years ago…. Just a tiny stake, can’t even remember why or how. Blew up last year and that reminded me that I had them. Have added a few more and ask enjoying the journey at the moment. Thinking that this could grow

[mattjos] 27/10/2022 19:05

Folk beginning to 'get it' more now.
It's the MBO Tech/Eco-System that is at the heart of the deal & which TETE wants access to in order to develop its SuperApp business model.

It's the Tech that they believe will enable them to develop into a huge SuperApp business.

Everyone getting carried away about the quantum of the cash that the deal will give MBO but, it's so much more than that.
This should help the broader market realise that, to date, it has completely overlooked and undervalued the Tech that MBO has been beavering away developing over the last 15+ years.
Now we have a third party paying up to gain access to it & that should cause a wholesale rethink as to what valuation the market now puts on the MBO business in its own right.

I can see this deal acting as a catalyst for other such deals & there are a whole heap more territories in the world where such a business model can be applied - including the UK (see earlier RNS).

Yes davydoo - a very pleasing day for investors but, many more such days to come, imo.

[smackeraim] 27/10/2022 18:23

Yes, they're using the payment tech .. the co you mention is a separate vehicle for this deal, keeping it aside from current revenue generating business.

[candlestick1] 27/10/2022 17:52

Lloyd -They are paying GBP11.5m for the licence to use MBOs Intellectual Property. 1Shop is providing the vehicle for them to do this.

[davydoo] 27/10/2022 17:51

A very pleasing day. Good luck to holders old and new.

[jbravo2] 27/10/2022 16:55

Dig away Lloydy. Look forward to your report

[lloydypool] 27/10/2022 16:41

"1Shop reported revenues of RM13,007 (equivalent to c. £2,449) and generated a loss before tax of RM6,024 (equivalent to c. £1,134). "

"M1 Malaysia undertakes to provide the necessary technical and business support to 1Shop. In addition, as part of the terms of the Proposed Joint Venture, M1 Malaysia guarantees that 1Shop will achieve revenues of at least RM560.0 million (equivalent to c. £104.5 million) in the financial year ending 31 December 2023 or any other period as mutually agreed (the "Revenue Target")."

From the RNS, MBO subsidiary is M1 Malaysia, who in turn own 1Shop. Somehow, someone has agreed to pay £11m + for 60% of this subsidiary that that had revenue last year of £2.5k. M1 then guarantee it will turn over £104.5m. That is a hell of a guarantee ... I wonder what happens if it doesn't happen?

Clearly this deal is transformative if it is all above board and the share price should be many multiples. However, it doesn't add up to me. Anybody want to dig deeper and help answer the difficult questions or would they prefer to just slate me as naysayer & ride the MBO rollercoaster?

[davydoo] 27/10/2022 16:28

Why would you expect a special dividend to be paid?

[lloydypool] 27/10/2022 16:25

Ghost walker - someuwin has posted the date they are aiming to complete the merger of Super apps and TETE, nothing will be complete re MBO until after then. Also why talk of a special dividend? The RNS also states "the Group intends to apply the expected cash proceeds from the Proposed Disposal and Proposed Joint Venture into the expansion of the Group's existing e-payments business in Malaysia and supporting the general working capital purposes of the Group".

[lloydypool] 27/10/2022 16:21

Anyone found anything online about the actually company "Super Apps". Seems they have done well to sell themselves for $1.1 billion without having any sort of web presence? The Malaysian site I found the other day relating to Super Apps seem completely unrelated but now appears to have disappeared.

Myisco/Mcash do not seem to have been around long either & have about 5 staff on linked in so not sure what proportion of the 1.1 billion valuation is attributed to them

Impressive rise again on MBO share price but it seems strange how little tangible information there is around the other parties connected to this transaction.

[ghost_walker] 27/10/2022 16:11

According to rns, a few weeks before we get taken out. I suspect about mid of December and hopefully 8p special dividend.

[ghost_walker] 27/10/2022 16:09

Kind of MM to delay a buy of 121K an hour late.

[someuwin] 27/10/2022 16:07

With the TETE merger at most eight weeeks away, the excitement (and sp) should keep building here.

"The Merger Exercise between TETE and Super Apps is expected to complete by 31 December 2022."