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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.
Amazed this is still below 15p.
Don't think many have cottoned on yet
Bearing in mind we retain 40% ownership of our "non-core" 100% ownership of OneShop Retail this is the bit of Global News Wire communication that particularly excites IMO:-
" With operations based in Malaysia, Super Apps will have a geographic advantage for expanding into the ASEAN market
Super Apps will partner with MobilityOne Sdn. Bhd., a fintech technology company in the payment systems market in Malaysia. Together with OneShop Retail, the combined company is positioned to be a leading payments systems provider in the ASEAN market "
Across all nations of ASEAN, there is a population of over 622 million people. The region has one of the largest economies in the world, and it is believed that by 2050, it will have the 4th-largest economy in the world. It also has one of the world's largest labor forces, falling only behind India and China. The entire region stretches across over 1.7 million square miles.
Is OneShop Retail the huge shopping center in 1 Utama, Malaysia - I was there only a few weeks ago!
Small world....
Exactly that - MBO have the tech & scalability whilst Super Apps have the capital. The deal in itself is worth c19P (cash 11p & retained 40% of disposal 8P) to MBO whilst adding £40m rev next year with little expenditure. Surprised to see that there hasn't been a huge re-rate as i see MBO knocking on the £100m+ mcap in the short-term.
So basically, the money comes from TETE who IPO'd earlier this year and have $117m odd to acquire companies in the technology and telecommunications sector in Malaysia. We have the technology they want............and assuming it all goes through we'll have double or more of our market cap in cash in the bank.
and where could this lead to for future expansion deals with Tete.....and others......and could we be bought out???!
Worst case scenario is deal doesn't happen but our profile will be noticed and another deal will come along...all in early 2023!
WOW! Exciting or what?
I was guilty of selling out at 5.75p the other day.......and not taking the time to realise that was not the thing to do.....so I've had to give back £2k of my profit to rebuy in dearer today!
1Shop is a subsid of MBO. Super Apps are paying MBO once they merge with TETE; they appear to be using 1Shop as a means to gain access to MBO’s IP.
“1Shop, which is incorporated in Malaysia and is a wholly-owned subsidiary of M1 Malaysia is currently focused on retail sales of consumer products. In the financial year ended 31 December 2021, 1Shop reported revenues of RM13,007 (equivalent to c. GBP2,449) and generated a loss before tax of RM6,024 (equivalent to c. GBP1,134).“
There’s a good article in this link:
https://www.globenewswire.com/news-release/2022/10/19/2537503/0/en/Super-Apps-Holdings-to-Become-a-Public-Company-Through-Merger-with-Technology-Telecommunication-Acquisition-Corporation.html
“ 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.”
Sorry but if they have annual revenues of £2.5k, essentially nothing, how are they giving MBO around £12m and why? Whats in it for them and why on earth would mbo get that money paid to them... and from where?! Thanks for your help
Just looking at this one, wanted to check a few things:
MBO has a Mcap of under £8m, with cash of £4.72m (end Jun 22)
- They will receive (subject to disposal merger between Super Apps and TETE, expected this year) £7.53m within 14 days of the merger, with a further £3.76m within 6 months. This will give cash of over £12m, rising to almost £16m after the 6 months
- They are getting shares worth £3.76m if they can move OneShop from a business generating revenue of £2.5k/annum up to the giddy heights of £105.4m (but this revenue is expected to be driven by Super Apps, with no material impact on MBOs normal ops). They will then sell the shares.
- They also retain 40% of the revenue generated as they’re selling a 60% stake. So that’s at least another $40m to add to the $113m they made in H1 2022.
- Super Apps’ merger with TETE will create a listed company worth $1.1B.
MBO has a Mcap of under £8m
If this goes ahead, it feels transformational and a likely takeover target for the new TETE company.
Davie. My sentiment exactly. I posted on Evg board yesterday conveying the same feeling on stock price movements.
I am Not a day trader & Yesterdays news sounds good in a financial way for the company. MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, is pleased to announce that MobilityOne Sdn Bhd ("M1 Malaysia"), the Group's wholly-owned operating subsidiary in Malaysia, has today entered into a series of conditional agreements with Super Apps Holdings Sdn Bhd ("SuperApps") in order to establish a new joint venture to expand the Group's e-products and services business initially inMalaysia.Highlights·Share Sale Agreement ("SSA") entered into between M1 Malaysia and Super Apps for the disposal by M1Malaysia of a 60% shareholding in the Group's wholly-owned non-core subsidiary OneShop Retail SdnBhd ("1Shop") to Super Apps (together the "Proposed Disposal");·Joint-Venture cum Shareholders Agreement ("JVA") entered into between M1 Malaysia, Super Apps and1Shop (together the "Proposed Joint Venture");·The Proposed Disposal and Proposed Joint Venture are inter-conditional;·The Proposed Disposal is subject to the completion of a merger exercise between Technology &Telecommunication Acquisition Corporation ("TETE") and Super Apps (together the "MergerExercise");·Following the completion of the Proposed Disposal, the Group is expected to receive cash proceeds ofRM40.0 million (c. £7.53 million) and RM20.0 million (c. £3.76 million) within 14 days and 180 daysrespectively of completion of the Merger Exercise; and·The Merger Exercise between TETE and Super Apps is expected to complete by 31 December 2022.Dato' Hussain A Rahman, CEO of MobilityOne, commented:"While there can be no guarantee that theProposed Disposal and Proposed Joint Venture can be completed, noting that both events are conditional on thecompletion of the Merger Exercise, which is out of the Group's control, the entry into the series of conditionalagreements today is expected to positively contribute to the future growth prospects of the Group. As outlined inthe Group's half-yearly report published at the end of September, the Group is cautious on the outlook for the
I am Not a day trader & Yesterdays news sounds good in a financial way for the company. Following the completion of the Proposed Disposal, the Group is expected to receive cash proceeds ofRM40.0 million (c. £7.53 million) and RM20.0 million (c. £3.76 million) within 14 days and 180 days respectively of completion of the Merger Exercise; and· The Merger Exercise between TETE and Super Apps is expected to complete by 31 December 2022.
Patience has its advantages but so does luck. I was averaged down to about 6p over several hard months and would have bailed at 7p yesterday for 15% without a doubt. Fortunately(?) I was driving to Newcastle to see the Toffees get beat yet again so sold the lot first thing for around 9p over 5 trades. Rise was a bit too quick to sustain. Back in at 6p if it gets there, looking like 7p could be the base now though.
Share price crashing back down, hopefully nobody got spiked
See what I mean. mm's open up higher, people pile in briefly and then the traders all pile out in total panic. 7dig yesterday chased to 0.55p+ now they are piling out at 0.32p. Nobody is investing all kamikaze day traders in blind panic
You must be joking I lost a fortune shorting a few years back I'd never try and short a penny stock near all time lows even after a brief spike it's just not worth the risk.
davey50
You are clearly shorting and burning at the minute.
This has many legs. Just read the RNS and see how much money they have.
Another big blue day here following yesterday's RNS.
Yeah getting a suspended and bust scenario is not nice. I've had about 10 of them in all my years. (Ferranti, MRS, Bagr etc etc) and got quite a few suspended stocks that seem to have no intentions of coming back even when promised.
I'm not deramping MBO I'm just saying 99% pile into the flyer and pile out, I could give you unlimited examples but EVG is a good one, excellent news price spiked from 3 to 7 all the usual suspects pushing it and now it's drifting slowly back to where it started. You'd be mad to at not least play safe and slice heavily and see by say next Tuesday if you can buy themback much cheaper because trust me all the traders will move on they always do.
He isn't derampimg.
unlucky uNkwnTrader
If any of you remember my buy on Friday was printed as a SELL.
The market makers were clearly dropping the share price deliberately. Share price still disconnected. Doesn't add up and a lot more to come here.
EarlofAim was very bullish on this and well done to him. He still holds and that's why he's here because more buyers will come tomorrow and this will go again.
davey50 give it a rest. This is hard to deramp.
Davey trust me if he isn't feeling sick then many of us who are, today has been I'd say for me probably the worst ever.
So be it.
The story of many trading lives, holding forever, giving up, it goes lower than it ever has you sell, it then is on the radar and what you always dreamed would happen happens whilst you observe, again.
The market is cruel.
Plus it's no point self gloating at a stock doing 100%+ if you are not in it to rake in the profits. Of course you want people to think oh look he tipped a 100% winner so I'll buy his next ramp. The people on twitter who boasts about the biggest winners trade for the smallest gains. It's just share propaganda.
As for MBO it will be opened higher pre market by Wins, get chased briefly then everybody will sell out as they are terrified of holding a stock more than 1 day, moving to the next ramp
The problem is you tell porkies and you pump and dump stocks and do not hold anything more than a few hours. I do not know why you try and defend yourself. You turn up on a stock out of nowhere, post the most outrageous ramps like saying a £14 mil stock is going to be worth £1 billion soon, then a few hours later when it goes quiet a clump of sales online max show up and you vanish and never return. I'm old school trader of 30 years I can hold stock years and years where as you and 99% on stocks now cannot hold more than 2 days. Hence why nothing is holding it's gains when they spike. You might fool one or two on here but I know you will be sick after what happened today. Happened to me recently, held a stock 6 months, sold it and then the mm's spiked it 200% always the way