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Looks like we have finally got to a point where knowone wants to sell at this price instead of it being shorted for the last month. Nice to see
Not too shoddy eh tom
Mi-Pay named in Europe’s top 50 financial tech companies http://startups.co.uk/37-uk-firms-named-in-europes-top-50-financial-tech-companies/
Last time Code 1 RNS was logged was 25th July with News coming through on 3rd August. I believe the news will land to us by end of the week or early next week. Next Target 24.2p
Mobile wallets are way forward as people don't trust their financial details with retailers and this way they can still use easy mobile payments... The future
* mobile wallets not mild wallets
Is one-click payment the missing ecommerce puzzle piece? https://twitter.com/MiPay/status/894483725282451456 Mi-Pay have been tweeting a great deal about QR payments and mild wallets. Really looking forward to this trading update. Mi-Pay's self developed card storage vault delivered 13% of total revenues in 2016. Hopefully see a nice increase in the trading update with this part of the business as well.
Thanks for that guys. I have seen it before but was always puzzled. Very grateful to you both as well as Toms hare previously. This is a v civilised and informative forum - long may it continue!
Phirpo It's not thick at all... some believe traders have secret codes through low trades 1 = RNS on way 100= mms need shares Etc Personally I believe they would text each other or lift the phone if they had insider information :-)
There are believers who think that MMs talk in codes . I don't really believe in these theories but repeated coincidence cannot be ignored We will soon find out ,won't we ? Metal
I hate to sound thick but what's a 'code 1'?
I tend to view these with scepticism but code or no code we are due an update and the company should be closing in on maiden profit. Nice to see us into the 20s before update, as others have said mcap is nonesense considering the clients and technology
Code 1 logged again this morning . 24p by Friday .. IMHO it has got to be about trading update and more ££££ Metal
I'm fine with doubt. Let the doubters doubt let the believers believe. The same sentence in the RNS had me scratching my head for all of two minutes. Happy to hold and buy more. Feeling very positive about mpay.
Tom, The casting of doubt is the usuals trying to get in at lower sp. You are correct in saying this is way undervalued even before update. Only going one way
What's more, our current market cap doesn't even truly reflect what it should be from the 2016 accounts. Other companies in Fin Tech can have their market cap up to 22 times revenue. Also they are loss making. Our revenue in the 2016 accounts is £3.3 million. With a current market cap of £7.5 million we are just over double our revenue. This really is a joke. We haven't even rerated to what we should be from 2016 results. Roll on the trading update.
I have seen talk on another message board casting doubt regarding this part of the last RNS... "There will be an initial reduction in revenues and margin as both parties focus on the delivery of new solutions and new commercial terms take effect" They are saying that revenues for 2017 will therefore be down on 2016. What they fail to remember is that this new contract is from the top client of 2016. It is JUST ONE CLIENT. We still also have 9 of the other top 10 clients and also the payment wallet side of the business. I was very happy on Thursday to get that 3 year contract with an existing client. I also don't mind one bit that there will be initial reduction in margins either. This client has increased annual transaction value from €25 million to €100 million in JUST ONE YEAR. If our other top 10 clients also follow suit and increase transaction revenues like this new 3 year contract then we are golden. Who cares if margins go down as it will mean total annual transactions values will increase considerably. I can't see the other top clients not increasing volume. They have in the past and I expect they will continue to do so. DYOR
The herd will come soon enough when they catch on mobile payments are the next big breakthrough
18.1998 and the two 18.10 trades just now are all buys. Look like sells as the ask is so high. Market makers will truly be screwed here when we get good volume.
Update could be very exciting when it comes ... Look at ENTU with more than double the shares in issue how fast it moved today...
And as we discuss this topic Mi-Pay just Tweeted this link http://www.pymnts.com/visa/2017/why-businesses-are-surprisingly-already-ready-for-the-cashless-future-today/amp/
Haha Marty 4212. Great minds think alike. I was just typing this up and saw your post. The contract news yesterday is very exciting indeed. Let's see how the other top 10 clients have increased their transaction values as well. What also really excites me is Mi-Pay's self developed card storage vault. This delivered 13% of total revenues in 2016. They also mentioned that they have seen consumers move to device led and mobile wallet payment solutions. What's great for us here is that our experience in data protection and cyber security will really come in to play. 57% increase in use of mobile wallets and also 87% increase in consumers not wanting to store payment details directly with operators. These payment wallets are huge business. Here in China it has really taken off in the last 2-3 years. Another potential huge revenue stream for us here.
China lead the way with 790 billion dollars in mobile payments in 2016 but the rest of the work is now catching up http://www.mckinsey.com/~/media/McKinsey/Global%20Themes/China/Chinas%20digital%20economy%20A%20leading%20global%20force/Chinas-Digital-Economy-Discussion-paper.ashx Huge market and MPAY have some first class clients
Yes £3.5 million in cash and cash equivalents (2015 £3.5 million as well). £2.4 million of this is related to the operation of managing client payments. Also this year we have £200k research and development cash tax credits available as well.
3.5 million at Christmas past?