Mobilityone Share Discussion Threads

[jeanesy] 30/9/2021 20:08

I hope you are right MJ !

[mattjos] 30/9/2021 19:21

Market never ceases to amaze and intrigue me. I assume the stock had become infected with short-term traders looking for the next trading quick-fix. As they exit in next few days a clear opportunity for the longer term investor should be revealed.
There must be a huge number of company owners/directors wishing they could be coming up with figures like this just now.

[markth126] 30/9/2021 12:00

Yes but the majority shareholders would not be selling at anywhere near these levels in my opinion! We are so far down due to weak holders bailing and moving the price due to the low free float of shares.

[katsy] 30/9/2021 11:50

Net cash is £2.5m so for £12m-£13m you can acquire a company with £250-£300m turnover. If a bigger corp. takes this over they can easily cut cost and the deal will pay for itself in next to no time whilst at the same time increase customers numbers o their accounts.

[kannerwas] 30/9/2021 11:47

Of course it looks cheap on fundamentals. I'm wondering why - rather than just assuming that the market is being irrational.

[lankysop] 30/9/2021 11:30

But it is still a company that is growing, made £1m profit in 6 months and has GBP4.52 million in cash/equivalents and has a market cap of £15m??

[kannerwas] 30/9/2021 11:10

'Nothing wrong with these figures'. Really?

What is wrong with these figures is that revenue is up by a little under £11m, but cost of sales is up by a little over £11m, resulting in slightly lower gross margin and gross profit.

I have no idea why the company was not able to grow revenue profitably during this period, but one very plausible possibility is that increased competition in its markets is causing margins to erode. If so that would go a long way to explain the fall in the share price over the past few months.

[avsome1968] 30/9/2021 10:53

wow 30% down on that news for me, cant understand the sell off, least volume on a high today may clear seller/// or sellers , waiting for it to settle to average down.

[mattjos] 30/9/2021 10:25

mkt cap now £15m on this sell-off. beyond me

[katsy] 30/9/2021 10:24

I compare this to many other AIM stocks, with massive debts, loss making and little revenue yet their market caps are multiple of this.

[dabbler10] 30/9/2021 09:56

A little bit disappointing but on the back of tough comparatives. Would hope that a growth company is breaking into double digits top and bottom line (depending on the investment for growth). Makes the PE more reasonable tbh. But if the new streams kick on in H2 then we’ll see that growth again. Just gotta hold on that they do deliver.

[king suarez] 30/9/2021 09:53

They are not bad results, but it looks like growth has stalled compared to the interims from last year. Revenue is up, but so are cost of sales, so gross and net profit flat.

Looks like we need to wait for the Mastercard and SWIFT transactions to drive further growth and hopefully better margins?

It is still a cheap stock, on a p/e of less than 10 (with net cash in bank too) but the lack of growth in this 6 month period is a little underwhelming do you not think?

[mattjos] 30/9/2021 09:47

I don't see any reason for the value of the company to fall off the back of these results but, it seems traders are programmed to sell on Results

[mattjos] 30/9/2021 09:34

Cash in hand is down by the same sum that debt is down & could be debt free after the FY, if they prioritise debt repayment.

They paid £144k Interest for H1 2019 … now down to £58k for H1 2021

[davydoo] 30/9/2021 09:33

Decent, but hoped for more

[markth126] 30/9/2021 09:32

Sorry ignore that

[markth126] 30/9/2021 09:32

And gross margin seems to be improving too!!

[mattjos] 30/9/2021 09:29

Nothing wrong with these figures.

Quite incredible to see that H1 2021 Revs are now slightly greater than total Revs for the entirety of 2018, that Op. Profit in H1 2021 is four times greater than the entirety of 2018 & the Cash Generated in H1 2021 is double that generated for the entirety of 2018.

[kevph] 30/9/2021 09:23

And it's in

[someuwin] 30/9/2021 08:33

RNS or suspension. Which way will it go?

[fozzie] 30/9/2021 07:37

Agree, results could come at any time.

[hubs] 30/9/2021 07:23

Its still morning...

[jeanesy] 30/9/2021 07:08

No results this morning ?

[mattjos] 29/9/2021 17:59

Another 145k of the seller's stock gone at 18p today

[mattjos] 29/9/2021 15:01

Rest of the MM's lined up like they have no idea what the next move might be.
There's no forecasts or coverage for the company whatsoever - it's all a magical mystery tour :-)