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It would be nice to actually know what is going on here..
I have recently contacted the company with regard to shareholder notifications of significant holdings. Without a doubt in my mind a single seller who should be informing the market. Nice buying over last couple of days being dampened by yet more 25k 50k block sells. Someone is breaking the rules on significant holder transparency.
I suspect many have stayed on the sidelines here knowing that any buys have been sold into by a clearly significant holder that hasn't declared as they have been selling. This has been going on for several months and the share price has collapsed as a result. IF the seller is done then relatively small buying volume will see a bounce and if this is accompanied with good news then all bets are off as to high it could go (there has obviously been some big spikes in the recent past on RNS's that just hint of future growth)
who knows why.
We are now in Q2, so some news from FCA could be due soon
Can’t argue with any of that BPat but it would be nice to get some updates to clarify the current position on how things are progressing. I still have faith here but a little action every now and then would keep the spirits up!
Looks to have found support around 7-8p recently.
Catalysts for investor interest and share price appreciation:
- MBO received a license from MasterCard Asia/Pacific Pte Ltd ("MasterCard") for the Group to issue MasterCard prepaid cards in Malaysia which will complement the Group's existing e-wallet and will be part of the Group's end-to-end payment ecosystem. The arrangements with MasterCard were expected to commence in the Q4 2021 after receiving relevant approvals from the Central Bank of Malaysia.
- The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") has permitted the Group to join its network. With the SWIFT's platform, the Group is expected to be able to expand its business to larger amount of money transfers for business to business (B2B) in addition to the Group's existing arrangement with MoneyGram which caters mainly for the smaller amount of money transfers, typically for consumer to consumer (C2C). The arrangements with SWIFT are expected to commence in H1 2022 after receiving relevant approvals from the Central Bank of Malaysia.
- the Company's wholly-owned subsidiary in the UK, M-One Tech Limited, submitted an application to 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 transfer funds to/from other parties within the e-money ecosystem and will enable the expansion of its business activities into the UK. The decision from the FCA is expected Q2 2022.
News due anytime soon- @nd Quarter 2022. If they get it, its massive.
"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."
Very surprised buying hasn't picked up yet.
Only one trade so far today...... something is needed to get this moving
They say no news is good news! Could really do with an update soon to let us know where we stand and how things are going. Still deciding whether to invest further at these prices once ISA allowances kick in again in April.
Really starting to get my goat. Why no TR1, obviously the same seller letting blocks go on a daily basis.
Overall a positive message and like you say it helps clear the seller. Hopefully once there gone MBO release more news and the shareprice can climb without a seller holding it back.
This is a very quite board!
Hoping that the sell here has almost cleared, and with the news of more space required for expanding workforce I hope this will start to move up strongly very soon...
I think this is a good value buy to hold, I bought originally at between 3- 4p and sold 71,000 shares at 44p ish a while back and have watched it steadily drop ever since, bought back in at 10 recently so fingers crossed, see this as good value, definitely not ramping though!
Good point. There's been a couple of occasions that I thought I should top skin but then bottled it worried that I'd not get back in at a good price.
However a good / skim price like great from here and would Feng Shui (!) my spread.
Here's to more than a penny.
I’m the same but keep telling myself be patient and it will be worth the wait. You never know with MBO though a surprise RNS and it can go through the roof very quickly although must remember to sell some this time!
I'm just kicking the tumbleweed waiting on news .
GLA
Not sure you would see II investors here unless the main holder was prepared to reduce their holding from the current 50%. That said if business continues to increase in 2022 I can see the SP being multiples of the current price. One to accumulate and tuck away
If they paid a dividend, it would bring II money in. MBO can pay one if they want.
I hope the seller is done but not sure they are just yet. Be glad to see the back of them and hopefully this moves back up. Nothing has changed as far as I’m aware. It’s a profitable business which wants to continue to grow!
Now, seller depressing this SP but looks like they might be done now? Gla
Large buy order going through?
Let’s hope we can get back up to where we were before!
She's going to blow
https://walletinvestor.com/lse-stock-forecast/mbo-stock-prediction
74p in 5 years