Mobilityone Share Discussion Threads

[nakedmolerat] 03/7/2023 11:47

how sly sticking this out at the end of the day last week

[king suarez] 30/6/2023 17:54

The accounts aren't quite as bad as they seem.

Doing some analysis, they actually generated £1.3m of cash from operations in the year, of which, £0.4m was paid in tax, and £0.4m of investments and the balance sheet (net asset) position therefore is £0.4m better off than the prior year, despite next to zero 'profit'.

Yes the debt position has risen by £1.7m, however this (and some trade receivables) has been used to pay down trade payables (down from £5.2m to £2.9m). The interest rates are not too bad either (between 3.8% and 5.1%)

It is pleasing to see in the note that 'bankers acceptance' the short-term debt, and also the term loan, are personally guaranteed by one of the directors. The term loan is jointly guaranteed by more than one of the directors - so they are personally incentivised not to screw things up!

The downsides are that admin expenses are going up (which include higher infrastructure and marketing costs as well as other related expenses) due to inflation and they are cautioning that gross margins may also get squeezed. On the flip side they say the economy is expected to grow, with foreign workers returning to Malaysia that are anticipated to increase demand for products and services.

They have finally started issuing prepaid Mastercards, though no financials given on that. Still awaiting SWIFT and still waiting to make a decision on the UK application and still waiting on TETE.

[katsy] 30/6/2023 16:00

Apart from securing Master card there isn't much else in the results to get excited about. Still cash positive I suppose. I guess Swift news could happen anytime. Just trying to find positives in an otherwise disastrous investment

[dave4545] 30/6/2023 15:17

Thanks again.

Good to have a more knowledgeable view on the situation

[dave4545] 30/6/2023 15:16

Yep, agree but overall I think this has dropped way too much. If that goes through that is nearly 3 times the market cap in cash.

Then the deal announced the other day, people were paying 6p+ after that and today
people were selling as low at 3.5p.

I'm more than happy to hold now, think I've had a result to get back in this low, this stock transformed my finances when it went from 5p to 55p in a day even if I did sell nearly all of them below 20p

[lloydypool] 30/6/2023 15:10

This deal isn't new news though.

It's 8 months old, TETE are sketchy as F*, Super Apps seems to be some made up entity that doesn't really exist and the part of the business that MBO are selling for millions is questionable as to whether it is worth anything.

On top of that TETE have already been to their shareholders to ask permission to increase the time they have to do the deal and need further extensions ... they are a SPAC there is seems there are some rules about those that financed them originally can take their money out of the SPAC at these AGM's asking for an extension (some already did).

[dave4545] 30/6/2023 15:08

It's almost like the market makers got to see the results first, scoop up the sell orders and then go straight to NT at 4.5p, anybody else would read the results all the way down, you never trade on the first few lines so I suspect they were already in the system and the mm's said thank you.

[lloydypool] 30/6/2023 15:04

I guess it is a binary one ... if the deal goes through then you'd expect 15p isn't a stretch, if it doesn't then with only £1.15m net cash and turnover having just dropped £21m, in a market of the past (mobile phone credit sales) and JV's and plans that never come off then even a market cap of £5m seem way overvalued.

I just don't trust that they are being entirely honest and keep looking for evidence that I am correct or wrong.

[dave4545] 30/6/2023 14:56

I did it in 2020 bought in the 3's and 4's and sold in the 10-20's

You never know do you

[dave4545] 30/6/2023 14:54

£11 mil +

They seem quite confident it's going to happen though, £5 mil cash already market cap £4 mil.

I think it might go on this so added

[lloydypool] 30/6/2023 14:52

Proposed disposal ... think you've missed as it was ongoing for several months but seems questionable (at best) as to whether it ever happens.

[dave4545] 30/6/2023 14:50

Actually £11 million, has the market missed this or am I reading this wrong ?

[lloydypool] 30/6/2023 14:43

Late annual results RNS ... still profitable just, cash just about up slightly & debt up quite a bit more.

The large revenues are down & still basically reliant on selling pre paid phone credit which must not have a particularly long future (but perhaps Malaysians are wedded to that far more than we would expect)

Immediate dump of 100,000 shares on the RNS hitting

[adi27] 30/6/2023 10:44

Any hope I had left in this is dwindling by the day

[davydoo] 30/6/2023 10:11

Friday 30th June, WTF are they doing letting annual results go to the wire like this

[adi27] 27/6/2023 09:22

A few years back I had faith in this. Got most my money out a while back, but kept some for a bit of interest. All seems a bit underhand now.

[king suarez] 27/6/2023 08:48

It is all very odd...

[katsy] 27/6/2023 08:44

We're talking about a proxy few million pound deal here, and Tete wants 20 months to think about it. IBM just bought Apptio for 5billion USD. And that will take just weeks to complete.

[ghost_walker] 27/6/2023 06:47

Soon big decline in revenue lmao, see you at 2p on result day. Now you all know why directors (CEO) was dumping off the books, he's a a scammer.

[adi27] 27/6/2023 06:36

Another RNS!

[firestorm911] 26/6/2023 17:34

More evidence of the SCAM.

Like all their previous rns, they desperately need to dump their shares off the market.

So more rns that bring no value, pipe dream,. You know who's dumping the spike and who got impaled.

Regards,
F911
RMC

[adi27] 26/6/2023 13:26

Results soon. Not excited about that either.