Mopowered Grp Share Discussion Threads

[prestigen] 20/1/2014 08:00

Impressive stuff:

RNS Number : 0042Y

MoPowered Group PLC

20 January 2014


FOR IMMEDIATE RELEASE 20 January 2014

MoPowered Group plc

('MoPowered' or the 'Group')

PRE-CLOSE TRADING UPDATE - YEAR ENDED 31 DECEMBER 2013

Another year of growth for MoPowered as it builds on its leading position in the mobile commerce market.

MoPowered, the mobile commerce specialist, today publishes the following trading update for the year ended 31 December 2013.

As indicated at the time of MoPowered's admission to AIM ("Admission"), the Group has completed a record year for new client acquisition as increasing numbers of online businesses look to strengthen their mobile commerce offerings to their clients. The Group finished the year with 127 contracted clients, a significant increased from the 100 announced on 6 November 2013.

In line with expectation trading revenues are expected to be in excess of GBP1 million, 33% higher than in 2012. Expected gross margin is lower than planned but this is offset by other cost savings.

Since Admission, MoPowered has successfully recruited a Sales Director (previously from Useablenet) and a Chief Product Officer (previously from Google). These appointments will strengthen further the management team and will put the Group in a strong position to win new customer accounts, particularly in MoPowered's middle-market and to further develop its technology platform. Platform enhancements will allow us to continue to drive down the marginal costs of launching a mobile system for a client and therefore increase gross margin.

The successful fundraising of GBP4 million and admission to AIM in December 2013 has meant that the Group starts 2014 in a position to accelerate its rate of new customer acquisition and revenue growth. Encouraging external data emerging from the online retail markets over the Christmas period leads the board to believe that demand for the Group's services will remain strong in 2014.

-End-

[aishah] 18/1/2014 12:54

Stephen Townend sold just under half a million shares.

[ngopal] 08/1/2014 08:29

Thanks for the links protean!

[protean] 07/1/2014 20:37

It is also one of the five stocks respected trader Robbie Burns, who goes by the name 'the Naked Trader', has bought in the hope that at least one of them will make him a small fortune in 2014.
Noticeably, four of his top picks are tech shares – Seeing Machines, MoPowered, Pressure Technology and Fusionex – as well as a drugs firm, Vectura.

[protean] 07/1/2014 13:24

SMALL CAP FOCUS: MoPowered offering blue-chip businesses a way to boost mobile and tablet sales

Full page article here:

[jakedog2] 06/1/2014 13:34

Protean - read the NT tip in SBM last night, so nipped in for some at the off this morning.

High risk.... easily the most risky in my portfolio..... but have taken the plunge.

It is definitley 'risk on' at the moment in the mkt. However, things can change very quickly. Will keep a close eye this

[aishah] 06/1/2014 13:29

How does he come to that valuation? I'm having difficulty justifiying a £15m float valuation from reading the admission doc! But you never know - lot of appetite for IPOs at the mo. Lock-ins also expire in 12 mths.

[protean] 06/1/2014 13:18

Buys starting to come in on the NT tip in SBM.

"By the time you read this, I will definitely have bought some and I reckon an immediate double on the list and a market cap of £30m is achievable.

I like the look of its market, right place at the right time."

[dewtrader] 05/1/2014 16:32

Worringly they have only raised £3.6m after expenses

They lost £2.6m in 2012

That leaves £1.2m (assuming the same loss this year - which is not too off target because they have whacked their salaries up with new service contracts and PLC costs)


There is a loan note of £1m that needs repayment before too long
and secured on the company assets

"Debenture 1" the debenture entered into between MoPowered Limited and
Imperialise on 28 September 2012 to secure MoPowered Limited's
obligations in respect of the Original Convertible Loan NoteInstrument



Couldnt directors just drive it into the ground, call in the loan note and screw it?

[corbeta] 05/1/2014 16:03

I found this via Google News -

"Realex Payments processes payments for more than 12,500 online businesses, including Vodafone, Aer Lingus and Virgin Atlantic."



Presumably good, but not good enough for a separate RNS.

[1234ed] 05/1/2014 11:08

Super quick comeback! Best of luck with bwng.

[dewtrader] 05/1/2014 10:57

£1m sales in a year's time is rubbish for a company with a cap of £16m , ie 16 x expected sales

going to probably lose £3m in order to deliver £1m sales


lol, the economics just look wrong



And then look at these directors options
Share*
Dominic Keen 239,980 30/06/11 – 05/05/21 0.5p
60,000 30/06/14 – 01/08/21 0.5p
68,340 01/08/11 – 01/08/21 0.5p
247,620 31/12/14 – 18/10/23 52.5p
Ben Carswell 239,980 30/06/11 – 05/05/21 0.5p
60,000 30/06/14 – 01/08/21 0.5p
19,340 01/08/11 – 01/08/21 0.5p
247,620 31/12/14 – 18/10/23 52.5p



Yes, options to buy shares at 0.5p.




looks like kaka
Fair to say they will fall to 45p in 2014.imo.

[1234ed] 05/1/2014 10:53

Projected turnover for 2013 is 1 million which represents substantial growth over 2011 and 2012 figures. 3.5 million cash in reserve to finance expansion, maintain momentum and continue rapid growth.

[dewtrader] 04/1/2014 20:17

Looks like it will burn through its cash quite quick as heavily loss making
Turnover 700k market cap £16m


Got mine in BWNG instead



Article mentioning N Brown in today's FT saying that the pe of around 18 is paltry compared to that of Asos( 104)and that N Brown looks like a stock that is anomolous from a rating perspective.Hopefully they are correct and 2014 will see a marked and deserved rerating.

[blueball] 04/1/2014 20:15

Robbie Burns has tipped this as a possible doubler in 2014.

[1234ed] 02/1/2014 07:12

Simon Gordon- If they can increase their profits 15 fold in 2 years, it would legitimise their business model and suggest a degree of momentum and market dominance. Who knows how the market would value the ongoing potential for increasing revenues and market share.

To those that don't like their website; 120 customers including big names such as Superdrug and BBC shop felt that the Mopowered product would enhance their profitability and bought the product.

Of the current market cap, they have approximately 3.5 million cash in hand to subsidise their expansion of what they argue is a low overhead, high margin product.

As for cash burn, they currently turn over almost a million quid a year from a customer base that has rapidly grown over the past 12 months. The placing was over subscribed.

Obviously not without risk. You either think it's worth a punt or it's not.

GLA.

[dewtrader] 01/1/2014 21:44

Looks like it will burn through its cash quite quick as heavily loss making

[simon gordon] 01/1/2014 20:21

2016 PBT £3.25m minus 22% tax = £2.3m, divided by 15.8m shares = 14.55p.

If they can make 14.55p in 2016 then maybe MPOW could be rated at 15x = 218p.

But have they got enough cash to last until 2016? Will they sign enough customers to meet the target? A lot of ifs, at this point, in the story.

A market cap of £100m equates to a share price of £6.32, divided by 14.55p = 43.4x.

I don't see a unique product that will give MPOW such a rating. 1234ed how have you deduced a £100m or £160m market cap?

[modform] 01/1/2014 20:15

Check their web site on your mobile, really rubbish for a company who specializes on mobile. So many competitions in this sector, the bigger wins all.Not for me till I see some profits generated.

[1234ed] 01/1/2014 20:07

Charting theory doesn't really apply to something that's been trading for less than 2 full working weeks in one of the quietest periods volume wise in the year.

It's a growth business in a new sector. If they achieve anything like the projected target for 2016, what market cap then? 100 million? 160 million? Currently 16 million!

[dewtrader] 01/1/2014 17:19

yeah present sales of £700,000 or so, looks like overvalued rubbish and the chart says it is a load of crud

[dewtrader] 01/1/2014 17:19

yeah present sales of £700,000 or so, looks like overvalued rubbish and the chart says it is a load of crud

[simon gordon] 01/1/2014 17:06

Proactive Investors - 18/12/13:

.....MoPowered's own research suggests there around 200 blue-chip companies to go for, while there are 3,000 mid-sized firms and a further 25,000 smaller enterprises generating between £1mln and £10mln of revenues via the internet.

So, obviously, the group is aiming its sales guns very much at that huge base of smaller internet retailers.

So far it has made a flea-sized bite in this market.

Some numbers run by the tech-focused research house N+1 Singer point to the huge potential of MoPowered if it can tap into the base of small and medium-sized online enterprises.

From almost a standing start today, generating around £1mln this year, N+1 expects turnover to be around £13.4mln by the end of 2016.

That latter figure would give a gross profit of around £11.6mln and pre-tax profits of £3.25mln.

The investment in sales and marketing, and particularly people in those roles, will be key to acquiring new business.

Currently roughly 50% comes on recommendation of payment companies such as SagePay or WorldPay, while it has a fairly active telesales operation and advertises online.

Then there is the opportunity to cookie-cut the operation and take it overseas to mainland Europe.

N+1's respected technology analyst Tintin Stormont describes the period post the stock market listing as s "land-grab phase".

"MoPowered is increasing investment in sales and marketing which will drive volume through the platform, creating a highly visible revenue stream capable of delivering and sustaining very high profit margins," she said in a pre-IPO report on the company.

"Recent contract win momentum gives us confidence that, with continued good execution, MoPowered will be able to leverage the investment in the technology platform to generate a sustainable, cash generative business with significant market share in the UK and beyond."