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Worth noting #MBO revenues are generated almost entirely overseas, so a beneficiary of the pound weakness in the current climate.
P/E ratio is mad low at this cap also, circa 2.8 - something closer to 10 would be fair so x 300% / 400%
where does it say this?
regarding FCA application rejected?
any Rns?
The application was rejected, there was lacking information or something. They are supposed to resubmit sometime now but it hasn't been announced If it's been done
dropped from 20p because of sellers.
4p is a bargain
Not sure if they have to RNS re application, they may have, they may not have. Up to six months is anything from 1 day to six months. So we could be a day away or 10 years away. Cash in bank to MCap highlights the value here. Anything else is a bonus.
1 September 2021
MobilityOne Limited
("MobilityOne", the "Company" or the "Group")
Update on UK electronic money institution application
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, provides the following update to the announcement released by the Company on 15 June 2021. The Company's wholly-owned subsidiary in the UK, M-One Tech Limited, has today submitted an application to the Financial Conduct Authority (the "FCA"), the financial regulatory body in the UK, for authorisation as an electronic money institution to provide e-money services in the UK. This includes the use of e-wallets for payments of purchases or transferring funds to/from other parties within the e-money ecosystem, both of which are areas in which the Group already has operational experience in Malaysia.
12 months ago
FCA application was submitted
10.42
FCA quote up to 6 months for application approval. Do you know when they applied?
FCA License award to operate in the UK will be a game changer.
cash £4.7m
Mcap £4m
has more cash than Mcap
MBO is under the radar company company.
oversold now.
FCA License awaiting, this did 1000% last time on mastercard partnship,
FCA License award to operate in the UK will be a game changer.
cash £4.7m
Mcap £4m
has more cash than Mcap
Likewise, I think we are in for unpleasant surprise.
Anybody have any information? I have a feeling in my bones that something is going on....
Questions in my opinion would be how can stocks be so cut off from fundamentals and how is this extreme level of volatility being justified.. With 10k worth of selling one can bring down an mcap like mbo's by millions
The market is captured by algorithmic machines and mm's desperate for transactions. And nobody is blushing on the authority side nor cares it seems
Indeed, buying into a big pile of question marks and sells, but as seen on Friday can rise as quick as it falls. Honestly all that is required would be the seller to stop and this would rise significantly on normal trading. This now has most of my long shot money in it through possibly too much averaging down.
Also who is selling and why? They must know something you or I dont!
See it has so many question marks all over it!
If you had a look way back when it shot up to 50p on possible growth from swift , fca and take over rumours. At the moment it has question marks over it, could be lucky and this could really take off. However it seems a punt to me, too much on the negative side. It makes tiny margins on transactions, that terrible update, then no updates for months, the seller in the background, an asian company, swift and fca question marks.
What does everyone else think?
Thanks for the reply. Will do a bit more research and if it is as it seems I'll dip my toe in as well :)
No one knows. Vidacos seems to be the seller and they had about 7% of the shares left in June. Other than that there's been delays with both swift and FCA applications. The board is also silent basically all year. So ya it is cheap, it's just unclear what's going on at the moment
Don't think you are missing anything, you have summed it up perfectly. "The Seller" is literally the only thing of any importance here, while they are around this goes nowhere. Seemingly unlimited amount os shares to sell but no holding rns after several months of unrelenting selling. Reckon this is recycled shares borrowed sold then bought(or given) back and repeated. 100% obvious scheme to lower the sp. I am fully expecting a lowball buyout but hey, if your average is under 6p should do okay hence Im still here averaging down.
So, I'm new to this share (i.e., just looking at present) and this looks very cheap? I read through the messages here and there seems to be a seller but other than that the market cap seems to be the same as cash in bank and the company still turns over millions. So, what am I missing?
Big sells are buys from this morning, all loosing money.
Yep, big seller punishing buyers now. This will absolutely not be allowed to rise, seemingly aided and abetted by the BOD. Not enough interest for TW to investigate but it all stinks to high heaven.
orchestrated by one big holder. Can only hope the plot returns a bigger sp eventually. Would exit at breakeven in an instant tbh. Whatever is going on is beyond anyones control other than Mr Big.
Moving up nicely, just dipped my toes in let's hope it continues
The BOD certainly are not helping but the real problem is the constant round figure sells. Been going on for months. The seller will either run out eventually ( hopefully this is the case) or these are the same shares recycled over and over in a deliberate scheme to keep the sp low. Together with BOD deliberate negative tone communication I do wonder if this is setting up a low ball takeover. I would actually be happy with 10p having averaged down considerably over the last few days.