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Oh zorry, bought in @ 17p, yea long term, 300k, b4 all u heros start deramping, amazing potential..sx
Well good luck, the market cap of this company is ridiculously low, gla, Will be £100m soon, kerchimg, dont risk the sp being this low too long.. sp £1 soon...gla2
Just so we are clear this is GBP not US dollars too!
The 1.18m profit figure relates to 2019 and includes the now sold loss making Bangladesh operation that was costing nearly £1m per year. So I expect 2020 to see much higher profits than £1m that is the real truth. Plus you suggest movement lower, the company has said Covid19 hasn't affected business and the MoneyGram and Alipay agreements means that MBO will now start to grow additional streams of revenue and profit.
Cheers jhonnybear.
I think the transactions above $1000 are limited.
Also they currently Generate $170m turnover just to make The following :
Sales : $170m
Gross profit : $10m
Net profit $1m.
So any movement lower will see them become a loss making company.
Just be careful here. I know the drums are banging here because people invest without research and then get all defensive when the truth is pointed out.
Maybe just maybe a 12-18 month view is valid to see business Model which has very very small margins but for Now ....sure this is going Lower short term and likely below 10p
Have a great weekend guys.
I’m not knocking it, if they develop the software and ip it could be great.
Still think trump and Tiktoc news today was the reason this didn’t go and stay higher, it knocked $75b off their tech stocks today. Appetite will be back next week.
I have no idea and am running from a simple google search, so this is a % of the 0.1% that Ali charge?
"The Group will generate revenue from this Agreement through a percentage of the service fee to be charged to the merchants based on the amount of each successful Alipay transaction and after deducting Alipay's share of the service fee"
https://www.shine.cn/biz/tech/1902219908/
"Alipay users will be required to pay a service fee of 0.1 percent on credit card payments above 2,000 yuan (US$294) each month, according to a statement from Alipay today."
so a $1,000 transaction = $1 fee to Alipay and MBO will get a cut on the transactions that use MBOs service.
so if MBO make 20% that would be $0.20 on a $1000 transaction?
roll on next week
ramp coming on
munchbox54
hope you make some money
that what we are here for.
all the best
I like to see a positive approach, but I credit Munch for realism and playing the game as he sees it. I don’t think he is knocking (deramping) the business at all, just observing the ebb and flow - taking advantage of both.
While diplomacy might not be a strong point - his money, his choice.
Thanks mojo. Appreciate the comment. :))
we are here to make money
well done .
sp is volatile.
bank your profites
Well done Munchbox. Good call from the top.
I don’t want to get in to bin t c h y arguments with I d iots here but why am I getting name called?
All I said was I’ve opened a short.
It’s in profit now and I will
Close it at 10p.
This will fall further next week. Let’s gooooooooo
well done sir
pay day it friday
push the sell button
My short showing a profit.
Still
Open.
Good luck guys.
no yanks
b/s
if you want to ramp then ramp
If this news wasn’t Released on the same day thAt trump Threw tictoc under the bus this would be higher.
12.1p to sell now crazy
sell off time
it friday
The spread is crazy :D
Chart indicators still showing down unfortunately.
Yikes 13.1p to sell
Do proper research before you invest in any company, draw your own conclusions and use common sense. Good luck .
Circa 14p is the support for now. Let's see where it goes from here.