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Now the day traders have left and folks can digest the rns properly I think this will rerate in the run up to Christmas, defo no brainer at this price.
Your joking, the whole market now is day traders, as soon as something spikes they all pile back in again.
The moral of the story is sell a big spike but do not sell after a big spike down, wait for it to recover. Some people clearly bought too high and some sold too low.
Very difficult to gauge this one with so many tiny trades actually moving the sp, like five quid trades, loads of them. One minute its flying next its tanking. For months it was sells dominating so hope everyone is enjoying the last couple of days. GL.
So, I read this as OneShop will be in charge of payment collection and credit lending for ANGKASA.
“Super Apps and MYISCO Sdn Bhd (“MYISCO”), a wholly owned subsidiary of MyAngkasa Digital Services Sdn Bhd (“MDS”), a Malaysian private limited company led by Angkatan Koperasi Kebangsaan Malaysia (“ANGKASA”), entered into a collaboration agreement, which shall become effective upon closing of the Business Combination, allowing OneShop Retail, as the authorized bill payment collection and credit lending agency of ANGKASA, to operate its payment collection system through ANGKASA’s authorized dealers for the collection and remission of any payment of bills via cash payment, credit card, debit card or cheque. ANGKASA currently facilitates the monthly salary disbursements of its members under its salary deduction scheme.”
“Based upon the Company’s anticipated collaboration with MYISCO and other potential collaborations, the combined company projects revenue of approximately $348 Million for the financial year ending December 31, 2023.”
————
ANGKASA are huge…
https://themalaysianreserve.com/2022/05/23/angkasas-cooperation-with-iffco-to-unlock-more-msia-india-biz-opportunities/amp/
“As of June 2021, ANGKASA has 14,657 cooperatives nationwide with an individual membership of about 7.04 million people, total share capital/ fees of RM16.3 billion and total assets of RM152.1 billion. The revenue of the cooperative movement recorded RM41.5 billion as at 31 December 2020, as reported by the Malaysian Cooperative Commission.”
There’s so much more to come from this. MBO will be getting GBP11.1m just for the license to use the IP.
This isn’t exclusive, just a licence to use it. More than the current MC for the licence.
I would be surprised if MBO aren’t trying to duplicate such deals with other businesses.
“MobilityOne currently has ownership of the intellectual property that OneShop Retail uses in its operations and, in connection with the closing of the Business Combination, MobilityOne will grant OneShop Retail a long term license for use of such intellectual property. MobilityOne’s technology platform is flexible, scalable and has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services.”
Astonishing is the word…
https://twitter.com/candlesticks18/status/1585350483404722176?s=46&t=hY2Zvlfe_m75VVoD8aDiDw
Let’s not look at Alipay or Wechat, they are the cream at the top of Super Apps. But a similar - leading South Asia Super App “Grab”.
“Grab is Southeast Asia's leading superapp. It provides everyday services like Deliveries, Mobility, Financial Services, and More.”
“In 2021, the net revenue of Southeast Asian technology company Grab Holdings Inc. amounted to around 675 million U.S. dollars”
Who knows where this could go. 40% of transaction revs MBO, non exclusive as someone mentioned. Huge low risk growth potential.
I was wondering what was driving this, the pump and dump squad have arrived lead by smacker !
Still at least long term suffering shareholders will get a exit chance now. At 4p awful but 12p is a lot better.
Still it remains a extremely low margin business but good for trading
Grow up dave. I’ve been buying bits since the super apps rns. It’s a great deal at the cap.
Yes if you completely ignore the new partnership
Pretty sure dave was pumpin this at these prices early this year, so yeah his long suffering followers can breathe easy now lol
40% up
Fyi smacker I was buying this in 2020 for 3.25-3.5p, for months I was alone, not one person would touch it. The one day it spiked from 5p to 55p and I sold all the way up from 12p to 40p. I love MBO it certainly transformed my finances that day and I'm glad it's recovering for all the long termers. Still makes me laugh your mate claiming baggers when he sold out for a £50 profit. Anybody pally with him including you I could not possibly trust, you are day traders and will sell out on the quiet.
You’ve been on advfn board on this since last year dave. You can’t kid a kidder
I’m not “pally” with tops at all. He’s simply someone who tweets stuff and occasionally I’m in the same share. Not that often but occasionally.. dear me.
Anyway, put that behind us. I’m me, not tops. Byegones etc
This has great growth potential so it’s a decent hold now
He still looks to be trading 2 x 25000 buying in and selling out none stop 1 second apart. Much easier to buy and hold and make real profits.
My god, you’re obsessed. Who cares unless you’re trading it yourself. Just hold it’s undervalued
https://blog.kms-solutions.asia/what-is-super-app-and-why-it-is-taking-over
Super apps with digital wallets also make it easier for the users to stay in the super app ecosystem, reducing their dependence on cash and credit cards.
Owing to enhanced brand reputation and influence, Super Apps may gain greater financial and payment leverage over traditional authorities like banks.
https://www.openbankingexcellence.org/blog/the-rise-of-super-apps/
Just looking at the SPAC deal.
TETE acquire all shares of Super Apps, equal to $1.1bn.
This is split into 2 -
$235m paid at Closing
$865m paid based on earn-outs over the next full 12-months
The overall target is to generate $87m each quarter to get 21.625m shares. If they over-earn, the quantity goes up as a ratio of (Achieved/Target) x 21.625m shares.
This target that MBO have to hit is approx $30m/quarter, so there is an incentive for all parties to achieve that revenue target.
It really does have the capacity to be huge
Nice posts lately Candlestick, keep going
nice buys
Really interesting to see the impact that Vidacos selling has had -
They held 21m on 30 Aug 21, they sold those down to just 7m by 3rd June 22.
Their sells accounted for 39% of ALL volume over that period. If we assume that 39% ratio continued since 3rd June, they will have sold out of all of their holdings on 19th October - the day we got the JV news.
Their impact on the sp is well known, but to put some clear numbers out there -
Share price on 31/8/21 = 19p
Share price on 3/6/22 = 9.5p
Share price on 18/10/22 = 4p
The fact that they will be out provides a clear route for a massive re-rate; any news and increased sentiment should really drive it skywards.