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Ha tell me about it. I still believe this will shoot back up, it’s whether or not it will be this decade or the next ;-) In all seriousness we just need to clear the seller and get some updates on new/promised initiatives and it will go up
When will somebody please poke this share with a sharp stick and wake it up? Waiting for some action is like watching grass grow.
Total of two shares trades today for combined total of a mighty £3. Both exactly on the bid and ask which is strangely pleasing.
Big buys of 400 shares worth a tidy £28 though.........
Really must learn to keep my mouth shut. Seller has inexhaustible supply apparently.
It is interesting that the price has been rising steadily despite a 500k sell. Now that is cleared this stock should do much better I think?
It was 5p only a few days ago. Something about to occur hopefully. Just need the block seller to stay away this time. Or they may be finished?
The company is resubmitting its FCA Application to provide e-money services in the UK. This is how they make their money in Malaysia so given the UK economy is 4 times bigger I wonder what the opportunity here is?
It is ridiculous that Mobilityone has such a poor market cap especially when compared to the vast majority of other companies on here. The 2021 show pre-tax profit of £2 million and reduced borrowings by over a million. So, clearing £3 million a year and £4.67 million in the bank the company is “worth” only £6 million?
Added to the above, the Group expects to commence the issue of MasterCard prepaid cards in the 3rd quarter of 2022 i.e. now. Hopefully the Central Bank of Malaysia will also soon give its decision for the Group to expand its money transfer business via the Society for Worldwide Interbank Financial Telecommunication ("SWIFT") network.
Finally, the Company's wholly-owned subsidiary in the UK, plan to re-submit the FCA Application by September 2022 to provide e-money services in the UK. As this is with additional information based on the FCA's feedback I view this as a very positive step.
I know the market is down across the board but it is slightly crazy how undervalued this company currently is. Given there are only 106 million shares in issue I would like to see either a share buy back or dividend scheme as that would massively improve the share price for very little money. We will soon be in a situation where our market cap is less that the cash in the bank!
Into the 5s. Lost for words.
I wish I could share your optimistic opinion Init.
Obviously the share price looks completely wrong but at the moment we just have to sit and suffer. This can move quickly and knowing my luck it would spike the minute I sell so I’m continuing to hold!
Don't even know what they are trying to achieve with it, they just buy them all back in a couple of weeks time. Easy to see, look back through the buys/sells history.
I’m actually very relieved following the update. After all the continued selling I was worried something was fundamentally wrong but actually the core business is thriving. Yes some new lines of business are delayed but hopefully will still happen and even if they don’t MBO continues to be profitable. A little patience required but I’ll continue to hold.
Here we go again, 70k block sell first thing. 100% certain this is nothing to do with ordinary trading. Pure manipulation, to what end I guess only a very few know. Only positive for me is despite all the sells it is nudging up a little over last few weeks. My hope is its being done so there is a rapid rise on granting of permission to provide services in UK.
Is this new?
Had a little play and not impressed by the number of links that failed. Let's hope they run the business better than the website
monetech.co.uk
Imo and fwiw, I think the blocks are too uniform to be PI's moving on dips. No expert, but it could be viewed as an attempt to start movement in an otherwise stagnant share price. There's very little info from MBO to stimulate investors.
Assuming all the blocks are the same seller.
I think the selling probably started before the significant holder started to sell and I think they may have been out a while and the latest sales are just PI’s trading.
Either way, we shouldn’t have to speculate as it’s clear someone should have declared. I do agree this could still be explosive on news, but given some have bought in so cheaply it’s only natural 8p buyers taking profit at say 10p, 10p buyers selling some at 12.5p etc so if the seller is done (as I think) there will still be blocks sold into a recovering share price.
Cant be bothered to do it, but I reckon if you tracked back several months and added all the block sells up they would not be far off half the issued shares of the company. I simply do not believe the seller has the shares to sell. When this eventually finishes the price is going to react dramatically.
Seller has seemingly unlimited supply of shares, been going on for months. Where are the shares coming from, why no TR1s? Bordering on dishonest now. No reply from the company regarding these shenanigans.
Xtraordinary how a couple of drips rose the market value by 1 mil.. Like it's been the excuse and not the reason
Finally some movement in the right direction, even if its baby steps for now...
They just won't do that Toffeeman123, imo they have no interest in the swings of the SP and then trying to correct them with news.
Although there are no guarantees you can however build up a decent picture of where this is probably going with the bits of news you can cobble together. An Mcap of £10m is insane for a company with all the below going on imo:-
Latest revenue increased by 9.0% to £130.7 million for 1/2 year 2021, profit after tax of £1.01 million. Cash and cash equivalents at 30 June 2021 of £4.52 as a result of reduction of bank borrowings to £2.06 million at 30 June 2021 and the Group remains positive on its business outlook for the remainder of 2021, taking into consideration the performance of the Group's existing core business.
The current office owned by M1 Malaysia, at Megan Avenue II in Kuala Lumpur, Malaysia, has a total floor size of 2,800 square feet and is, accordingly, insufficient for catering the growing staff needs of M1 Malaysia and its subsidiaries (together the "M1 Group").
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. The decision from the FCA in respect of the submitted application is expected to be received in the 2nd quarter of 2022 and, if approved, the Group will be able to expand its business activities into the UK.
What's going on is a single party in manipulating the sp downwards to the disadvantage of every other shareholder. I actually think an urgent statement is required from the company.