Mobilityone Share Discussion Threads

[davydoo] 18/3/2021 14:40

I think Mattjos said 40's

I agree, and think that's for what we already know, let alone what might come

£2m profit at 20x earnings is a £40m mkt cap, which is just under 40p per share.

edit. and crucially that's still only £10m of other investors money, due to the size of insider holdings. What risk it goes private before that though?

edit edit. Hopefully their plans in the UK make it less likely they would delist from the UK stock market

[davydoo] 18/3/2021 14:04

Seeing someone spend £14k at 15.9p is a good sign, as is continued silence here despite a 50% rise, because it's just been a little each day

[markth126] 18/3/2021 13:00

Fully believe in the prospects here and still feel hugely undervalued on the current balance sheet and performance. I struggle to find a more compelling investment at the moment.
Just how high this can go is anyones guess but this is just the foothills on the future chart in my view. Anyone care to estimate where they see this in 1 - 3 years and beyond?

[mattjos] 16/3/2021 23:11

indeed davy … i suspect a fair few of the recent buyers still have very little idea of the magnitude of what they have purchased but, with a bit of patience and some research they might piece it together before they decide to sell for a quick turn. Personally, I believe & hope I am holding for many years to come

[jbravo2] 16/3/2021 22:51

Great isn’t it?
Superb opportunity.
It’ll all be obvious in a few months. Til then, we’re ahead of the game.

[davydoo] 16/3/2021 22:42

in just a few months we could have confirmation of £4m profit in the last 24 months, this from an emerging market fintech company.... valued at just £14m.

With a tiny free float, it's a public opportunity to buy into what would still normally be a private enterprise

Incredible

[mattjos] 16/3/2021 18:33

Looking back on the volumes since that spike, i suspect most have sold long ago

[davydoo] 16/3/2021 16:49

Blue sky into the interim results will be interesting, but I wonder how many buyers there were in the 30s, 40s and even 50s and whether they still hold?

I've now found my missing buys on Aquis exchange. I'd forgotten all about that market.

edit. I should have said full year results, not interims. I was just thinking in terms of the 6 months since last figures.

[mattjos] 16/3/2021 16:12

Highest recorded Weekly Closing High was 13.5p, last week of September last year

Highest recorded Daily Closing high was 15.5p on 22nd July last year.

Very close to a 'blue Sky' breakout as far as I am concerned.

[mattjos] 16/3/2021 15:26

breaking out past through the recent highs today

[mattjos] 15/3/2021 20:40

Yes Davy, a reassuring complete and utter lack of the 'get-rich-quick' crowd.43% of the current mkt cap was held in cash at the Half Year results ... not exactly a demanding valuation today, is it?

[davydoo] 15/3/2021 19:58

Some nice trading volume today, but very little attention here, and certainly no pump and dump crowd. I'm encouraged.

[wrighty46] 15/3/2021 10:56

Have taken a small position here after a bit of reading over the weekend. Cheers matt for highlighting it somewhere. On the wan thread I think.

[wapper] 15/3/2021 10:54

Welcome back. Right time I believe

[mattjos] 15/3/2021 10:51

Yes, getting out of Bangladesh was definitely the right move.

I think very interesting development via their UK subsidiary.

There is very clear investor interest in the sector … you've only got to look at the valuation afforded Stripe in its latest funding round - now valued at $95Bn !

[davydoo] 15/3/2021 10:41

I was a big holder about 4 years ago, but it felt their good work to date was being wiped out by trying to get tap n pay launched in Bangladesh

With that behind it, a new level established since the 50p intraday madness, and evidence that they're growing rapidly, and also profitably, happy to come back in now

[mattjos] 15/3/2021 10:27

IPO price was 12.5p on 5th July 2007 … Shares in issue then: 93.9m

Previous AT Closing high price was 15.5p on 22nd July 2020

Current shares in issue: 106.3m

Been a long journey but, hard to argue that the shares are not now worth a lot more than the IPO Price. Back in 2007, the company was turning over about £15m / annum.
Latest figures show Revs now £120m in H1 2020

Share price might seem to have moved up a lot recently but, price is still all completely wrong, imo

[davydoo] 14/3/2021 18:02

Thanks

I bought a few over the past week. Reckon only 1 in 4 of my trades showing. Not sure why

[mattjos] 12/3/2021 20:12

I put this up on the thread back in Feb:



The growth in Revs is undeniable .. the company has benefited not just from its previous years hard graft but, also from the localised affects of the Covid pandemic & the reasons/drivers for that change in consumer behaviour will not have changed in H2 2020.

If you look back over the company gestation, it has secured a toehold in the market and built out its eco-system off the back of many millions of really, really low margin transactions. Bill Payments & Mobile TopUps are the at the core of the business but, they are at the bottom of the Margin Ladder.
They 'hook' consumers into the eco-system & the company has proved the scalability & reliability of its ecosystem over prior years.

What's changing now is two fold:

1. The User base continues to grow & clearly took a big move up as a consequence of Covid
2. The company is moving up the Margin Ladder …. Forex, Money Transfer, Lending are all higher margin services over and above the core services.

Growing number of overall transactions & growing ave. 'take' per transaction .. If you apply either one in isolation to the business model you would see a nice linear result.

BUT ... If you combine both those growth metrics & apply to their business model, you do not see a simplistic Linear result .. the chart becomes an Exponential one.

Markets, rightly, pay far higher valuation multiples for such exponential growth because, what might seem a 'racy' multiple today, quickly becomes a 'pedestrian' multiple in a relatively short forward timescale.

I believe anyone who is simply applying a 'nn x trailing' valuation metric is totally flawed in their analysis.
Far higher 'nn x forward' valuation metrics should be used because this is uncommon growth.
I'm glad the founder still hold the lions share .. there'll be no lowball offer here once the larger players catch on.

[mattjos] 12/3/2021 18:00

Hi Davy, No, not in the slightest. Lots of companies do same & I have no problem with it.

[davydoo] 12/3/2021 16:16

Hi Mattjos, long time no speak, does it concern you that they always seem to leave reporting half year and annual figures so close to the reporting deadline?

[mattjos] 11/3/2021 09:31

that's fair enough Bumpa but, so long as they are putting their time & efforts into growing the business, I can excuse it &, frankly, if the website was A1 & the PR was A1, the opportunity to buy £1 coins for 25p would simply not exist.

The underlying financial metrics are doing all the talking I need to hear.

Every company goes through phases where they are keen to beat the drum at some point in their growth &, at other times, are simply too busy to be bothered with it.
There is plenty of excellent PR about the company and the founder in Malaysia, if you do some research online.

[mattjos] 11/3/2021 09:26

there is precious little free float & I did take a further chunk out of that in Feb so, not surprised to see some big moves on small volume.
If you carefully read the news over the last 12 months, there are some clear drivers for even higher growth rates that have recently kicked in + I expect some further news with regards the UK subsidiary, M-One Tech, shortly.

[bumpa33] 11/3/2021 09:25

they should use some of that cash to employ a decent proofreader Mattjos, if you wanna be taken seriously your corporate website should be spotless. Improvement in numbers is impressive though.