Mobilityone Share Discussion Threads

[katsy] 23/11/2023 11:34

Something's afoot

[dave4545] 23/11/2023 08:43

3 mm's move up on one 25k buy at 5.5p blimey shoal like

[lloydypool] 13/11/2023 08:53

I think we have to agree to disagree on this one, I’ve spent hours researching the individuals involved, connected addresses, previous companies some of them were involved with, LinkedIn profiles of companies & individuals involved etc. I don’t think I remember feeling any confidence in anything I found. Most of the associated companies are trading out of tiny little serviced office spaces & have no track record, individuals that seem to have checkered pasts & in themselves SPACs & dodgy jurisdictions ring alarm bells.

I still follow the company & tete as I’m intrigued to know what’s actually going on, plus if you see some of these RNS’s early there is often a trading opportunity but I’ll surprised if it translates to MBO being involved in a profitable JV at the end of all of this.

[mattjos] 10/11/2023 21:19

Lloydypool .. everything you might wish to learn about the deal and the entities involved and the scale of the opportunity s so easily re-searchable online.
Allocate a couple of hours to research and i believe you'll shift our opinions.

[mattjos] 10/11/2023 09:21

more than its current mkt cap (which is derisory)

[everready1] 10/11/2023 09:15

how much does mbo receive from the merger anyone?

[lloydypool] 10/11/2023 09:02

Confidence in the project would rely on some detail on the deal & the entities involved. From what I've read it all looks far too sketchy to conclude there is a viable business created from this deal, but I've always accepted time may prove me wrong.

[mattjos] 09/11/2023 21:05

Folk still seem far too focussed on the cash that MBO are due to receive and completely missing the very, very significant business that SuperApps is going to be & all based on the MBO platform/ecosystem.
A few will trade this day to day and think they've done well but that is such a myopic stance to take.
I've rather given up trying to point all this out & the short-term violence of the price spikes just attracts traders but, very happy to sit back and allow such actions to gradually drive the price far higher in the next 12 months

[lloydypool] 09/11/2023 16:25

Tete seems to have haemorrhaged its cash over the last year, with the supposed $118m held in a trust account down to $33m as the end of August. I'll still be staggered if $9m of that finds its way to MBO (let alone the second payment) but given $6m is needed for their own acquisition by March next year it doesn't seem likely shareholders will see a return anytime soon.

The big question if these deals go through is now can MBO monetise the deal they have made or will they need to continue to rely on selling mobile phone credit?

I was tempted to trade this seeing the RNS as it was released but despite the big uptick I'm happy to be out as the whole thing still smells fishy to me!

[mattjos] 09/11/2023 15:54

I don't understand why people have doubted this was going ahead really, particularly given the two prior RNS

[babbler] 09/11/2023 15:15

Following the completion of the Proposed Disposal, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise; 

[gb904150] 09/11/2023 15:15

Draft filing is here:



But as it's a draft it doesn't have the actual EGM dates yet.
That will come soon.
Then the EGM vote.
Then, if approved the SuperApps merger and thus payments due.

I guess the main point is that many thought this deal (that sounded too good to be true) was a dead duck whereas this RNS suggests it's still alive.

We shall see!

[katsy] 09/11/2023 14:51

Tete deal still on, I think, I need time to read and digest this RNS

[dave4545] 24/10/2023 09:23

Winterfloods are like vultures, keep dropping the offer but not offering any size trying to flush people out to sell so they make a huge profit on the stock they sold in auction recently at 5.5p

[dave4545] 18/10/2023 12:02

It's strange how the punters just love chasing up RCGH but shun this one although saying that if this spiked 50% punters would all try to buy then

mm's really do not want to generate buying, they are determined to kill it completely with a crazy online spread around 4.7-5.8p

[mattjos] 04/10/2023 13:09

Deal with regards Sincere Acres completed today and MBO still signalling both this first tranche (£0.348m paid today)) and the second tranche (£4.869m) "...will be paid by the Group using existing cash resources of M1 Malaysia."
To me this continues to signal a high level of managment confidence with regeards the TETE deal & monies thereof.
It's certainly ballsy committing to this ahead of the cash actually being received in from TETE & therefore raises the question as to what extent is this deal time-sensitive.
Anwyay, interesting development

[mattjos] 29/9/2023 13:33

"Pursuant to the terms of the Proposed Disposal and subject to the completion of the Merger Exercise, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise."

"Pursuant to the terms of the Proposed Acquisition, the RM30,000,000 (c. GBP5.217 million*) cash consideration will be paid to the Vendor in two tranches. The first tranche, representing RM2.0 million (c. GBP0.348 million*), will be paid shortly by M1 Malaysia to the Vendor using M1 Malaysia's existing cash resources. The second tranche, representing the balance of RM28.0 million (c. GBP4.869 million*) (the "Second Tranche"), is required be paid by M1 Malaysia by 8 March 2024 (the "Second Tranche Payment Date"). It is envisaged that the Second Tranche will be paid by the Group using existing cash resources of M1 Malaysia."

There is an immediate £2.3m differential between the two sums which, assuming progress to plan, would remain with MBO and then 180 days later a further £3.76m to MBO.

Mkt Cap is currrently £5.3m

[mattjos] 29/9/2023 11:48

Seems to indicate the company has reasonable confidence that the TETE deal will go ahead else I do not believe they would have committed this level of investment.
The company continues in its efforts to embed its technology platform in to other financial ecosystems

[wageslave] 29/9/2023 11:10

There are two ways to look at this company.On the one hand, MBO a fin tec firm that has reached a plateau in its current set up and is keen on expansion through mergers, partnerships and acquisitions.On the other, a fairly opaque firm that has stood still for the past three years and there is no certainly it's business plan will bear any fruit, underpinned by the saga of the TETE merger/demerger.

[king suarez] 29/9/2023 09:55

Curiouser and curiouser, no idea what to make of this!