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can't buy a bean at 10p
Buyers in again. Super Apps to the moon!
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.”
took 13k more at 9.4 will add more if it dips more doubt it will hit 7p as that was last week but not surprised some are taking profits if in at 4/5p
The consolidation to 7p happened last week :D
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
yep a very quiet end of the day only 106 million shares in issue a market cap of 10 million with a cash injection in a few weeks equivalent of . I will continue to accumulate
Whats going on!!!
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
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.
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
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...
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
https://www.cnbc.com/2022/04/06/uber-chases-superapp-by-adding-planes-trains-and-rental-cars.html
They’re all having a go..
Worth a read..
https://journals.sagepub.com/doi/10.1177/01634437221127805
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 £7.5m 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.
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.”
consolidating a bit now around 10.5p to sell nice to see some large buys this morning, and at one point 12p was paid. company is now worth a lot more than current price/market cap shame those missed the 4/5p price of a few weeks ago
Rns is quite good.
11p of cash only conditional to the merge happening + 3,76p worth of shares subject to meeting revenue target.
Core business unaffected and it growths MBO revenue bc MBO still holds 40% of OneShop expected to have 100m+ revenue 20223 , with primary client ANGKASA which is a based company of Malaysa.
Balance sheet with plenty of cash.
MasterCard, SWIFT still in play which can add more revenue to this.
Short term the business may suffer, becouse it is a low margin business and inflation is not good for this type of business. Hope they pivot to better margin business with their software + all the network it have.
Each time one reads the RNS it sounds better & better.
Quite outstanding
Going radio rental ( mental) again..Brilliant ;-)
9.44 paid wtf
I don't understand why guys like to pay 120% premium when they could have bought when I gave heads up.
no worries keep ignoring by posts or at least research before Sp rises.
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.
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.