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I will make my decision over the next week.
TheTruth - just having a look over your past questions on MOS and not sure if anyone responded but I'll give you my take...
Placing for expansion to other countries
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"We need an answer on this because the CEO said no placing a while back but that was before Mos has started expanding into other countries so has anyone heard Mark say no placing definitely this year while still expanding and yes I am being serious not deramping"
Company has no debt, is well funded and has low cash burn. The company based on the below RNS notifications have around £3 million in cash with £1 million invested for acquisition of KrunchData and CLN into Quanta. Therefore leaving £2 million in cash which will be used for rolling out into additional territories. This does not take into account any revenue that the company is currently accruing through their business operations. Management team are also paid in company shares which should give investors confidence that MOS are not a lifestyle company for the directors but they are aligned with the interests of shareholders for the long term.
15 March 2021 - (Funds) https://www.lse.co.uk/rns/MOS/half-year-report-sij9z1zk6zn5a4i.html
· £1.1m of cash and cash equivalents as at 31 December 2020 (£0.2m as at 31 December 2019), with no non-current debt.
Post-period end update
· £0.9m of cash and cash equivalents as at 12 March 2021, with no debt
22 March 2021 - (Funds) https://www.lse.co.uk/rns/MOS/placing-broker-option-and-tvr-hybbmv8phb8ijlu.html
- Over-subscribed placing of £2.0 million gross at 0.25p per share
- £0.2m Broker Option for up to 80,000,000 Ordinary Shares at 0.25p per share
25th March 2021 - (Expenditure) https://www.lse.co.uk/rns/MOS/acquisition-of-49-of-krunchdata-limited-ekan6z4qlijybyz.html
- 49% interest in KrunchData Limited - £500,000 cash
15th Sep 2021 - (Expenditure) https://www.lse.co.uk/rns/MOS/update-on-partnership-with-and-funding-to-quanta-gt6ap1qt418gqkr.html
£500,000 in total loaned to Quanta Media Group through CLN which MOS could turn into shares in Quanta if they later list on the market.
At the end of the day if this was going to 1p this year
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"Would Myles have sold? Because I can tell you no way avct will do 3 bags so like I keep saying very strange."
Based on the below RNS notifications - we can see that Myles had upped his holding in the last placing and held 100 million shares. He then issued a holdings RNS one month later and confirmed on Twitter he had sold out of MOS to reposition his portfolio. From upping his holding to then selling out one month later as a TR1 holder shows that he didn't have enough conviction in MOS and saw better opportunities elsewhere (most likely AVCT which had dropped massively from 290p to around a 100p).
31 March 2021 - https://www.lse.co.uk/rns/MOS/holdings-in-company-b61gwrb8ng7zfw6.html
- Holdings RNS - 100,000,000 shares holding by Myles
- Share price on 31st March was 0.25
27 April 2021 - https://www.lse.co.uk/rns/MOS/holdings-in-company-55kqkl5ylho9wz3.html
- Holdings RNS - Myles confirmed on Twitter he had sold out of MOS to reposition his investment portfolio into other higher conviction holdings
- Share price on 27th April was 0.25
Myles seems to be a well researched investor (and sometimes trader) - but he doesn't get every call right and I don't think anybody does. I'll give you an example of ARB which he had invested in quite early at 7.5p. Based on his Twitter posts - you can see he's done quite well from trading ARB with 2 x ~50% trades as detailed below. However, sometimes the best thing to do is to have a strong hold and remain invested into a company if the fundamentals are strong and the management team are putting the interests of shareholders first by building a company for the long term.
If he had taken this approach with ARB then he would be significantly up despite ARB dipping significantly off it's highs of 339p. ARB is currently trading at 166.12p and if he had remained invested at 7.5p then he would still be 2200% up despite the big drop from the highs.
Let's assume Myles had bought 500K shares at 7.5p for £37,500 -> it would be worth £830K today with profit of £793K. Whereas we compare with his 2 trades instead with a total profit of £34,500...
- 1st trade (7.5p -> 11.1p = 48% gain) - £18,000 profit assuming 500K shares
- 2nd trade - (31.3p -> 47.8p = 53% gain) - £16,500 profit assuming 100K shares
2nd Dec 2020 - (7.5p -> 11.1p = 48% gain) https://twitter.com/MylesMcNulty/status/1334131863473053696?s=20
"PF a tad stretched again, so have closed two profitable ST trades in #AFC (from ~25p) and #ARB (~7.5p)..."
29th Dec 2021 - https://twitter.com/MylesMcNulty/status/1343927077305806849?s=20
"Have re-opened trades in two former holdings this AM, namely #DDDD and #ARB..."
4th Jan 2021 - (31.3p -> 47.8p = 53% gain) https://twitter.com/MylesMcNulty/status/1346116319670894597?s=20
"Closed out the ST trade in #ARB at ~47.8p av., from 31.3p av. (entry last week) for a 52.7% ga