Mobilityone Share Discussion Threads

[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 10:23

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 13:02

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 14:09

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 14:33

"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 12:48

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 12:10

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 10:55

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

[dave4545] 29/9/2023 10:19

A market maker masterclass they should train traders in this.

Smash up a seller knowing they will just sell at any price and now not let anybody buy on the dip.

NT to buy

Big rally methinks

[lloydypool] 29/9/2023 10:12

Another m&a deal that perhaps shareholders don't believe in. The company smells of BS to me & now looks to have committed its cash that it is yet to receive from TETE to another business that is loss making.

[markth126] 29/9/2023 10:09

Pure panic or capital preservation before it's all gone, they were border line loss making and probably only fiddled a paper profit to not sound so bad

[dave4545] 29/9/2023 10:05

This is savage.

There is one person trying to sell out after results and mm's have seen them coming and diced and sliced them with tiny online limits, they were bidding 6.2p for size prior to this.

Pure panic

[avsome1968] 20/9/2023 18:27

Two trades today made me chuckle, 48.348 buy at 7.70 then sold at 7.60, 50k at 7.75 sold at 7.26, i hope someone is accumulating in the background got to go bit higher for me to recoup my money back.

[dave4545] 20/9/2023 10:46

Well actually it is cash rich and yes I'm fully aware it has debt too.

As at 31 December 2022, the Group had cash and cash equivalents (including fixed deposits) of GBP5.02 million (31 December 2021: cash and cash equivalents of GBP4.67 million) while the secured loans and borrowings from financial institutions increased to GBP3.87 million (31 December 2021: GBP2.18 million).

[wewillwin20] 20/9/2023 10:37

Its not cash rich dave

[dave4545] 20/9/2023 10:19

Ah lol the placing when it's cash rich lol

[firestarter1] 20/9/2023 10:14

Sell before the collapse has risen on thin air