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Things we’re waiting/hoping for this quarter (only 2 months left now):
1 - Expansion via SWIFT
“Central Bank of Malaysia approval for the Group to expand its money transfer business via the Society for Worldwide Interbank Financial Telecommunication ("SWIFT") network.”
2 - FCA Application to expand in UK
“In order for the Group to expand its business in the UK, M-One Tech Limited, the Company's wholly-owned subsidiary in the UK, continues to progress its work in respect of re-submit 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 (together the "FCA Application"). While it was originally the Group's intention to re-submit the FCA Application by September 2022, as most recently announced by the Group on 29 June 2022, the Group now intends to re-submit the revised FCA Application reflecting the FCA's feedback in the fourth quarter of 2022.”
3 - confirmation that SuperApps and TETE merger closes, releasing ÂŁ7.5m in cash to MBO
“Following the completion of the Proposed Disposal, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise”
4 - Any further partnerships the company can develop, similar to SuperApps
“For future growth, the Group will also consider partnerships with parties in complementary businesses to explore new business opportunities.”
If any of these come through, the price will respond incredibly well. If ALL of them come through, wow.
Worth a read..
https://journals.sagepub.com/doi/10.1177/01634437221127805
https://www.cnbc.com/2022/04/06/uber-chases-superapp-by-adding-planes-trains-and-rental-cars.html
They’re all having a go..
Anyone know the chances of this not going through? Obviously an amazing deal but conscious of the what ifs, long way down from here. Thanks very much
I read it as a forgone conclusion, from the acquisition side it reads as 'a definitive agreement' & is being publicly stated that Super Apps will be valued at $1.1bn post merger, yes that's right $1.1bn...
Nothing Guaranteed in this world other than death and taxes. If they do pull it off then we will be multiples of the current sp. I'd say 70% chance of success
Unlike traditional single-purpose banking apps, which have dominated the market over the last ten years, super-apps cover multiple verticals and create a “one-stop-shop” app where users can complete many different tasks. Super-apps combine an array of different services into one app.
In the Far East the two most popular of these apps are Alipay and WeChat. They host over 2 billion users combined. These super-apps do almost everything - from buying a pizza, hailing a taxi, chatting to your friends and even booking a massage. But in the West few companies are coming out to play.
The opportunity is huge, 1 billion commercial transactions occur every day on WeChat Pay. WeChat Pay has 72 million registered businesses. 35% of WeChat users spend more than 4 hours on the app every day, compared to Gen Z users spending 53 minutes per day on Instagram. The average individual has around 80 apps on their phone. That’s a lot of apps – and a lot of app fatigue. It’s not surprising that so few consumers download new apps. The super-app becomes the front door for how consumers interact with and purchase goods and services as they go about their everyday activities.
seems very cheap risk v reward at circa 10/11 million market cap, a bit of consolidation around 10p ish to clear profit takers before next leg up does seem to be a slew of 50k block buys
I think it's more likely to settle around the 7p level - looking very overbought at the moment
Once it consolidates, the next leg up should propel it to the 14p+ level
AIMHO
The consolidation to 7p happened last week :D
Buyers in again. Super Apps to the moon!