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Sorry didn't realise my post at 9.41 didn't show everything.... The article linked above also states the increase in mobile shopping "has also fueled a steady increase in digital wallet adoption" and "The region’s consumers are also embracing QR code payments." Mi-Pay has been tweeting a great deal about digital wallets and also QE code payments on the rise. The clues are out there and I strongly believe we will see great interims tomorrow and hopefully a trading update as well.
:)
Well played. The contract extension in August 2017 is similar to tots transaction value of 2016 put together. Yes our margins will be slightly lower on this once contract update but I'd take that any day. I am sure the other top 10 clients will increase their transaction volume as well. We also have the lucrative e-wallet side of the business as well. His will be particularly big in South East Asia. Why would Mi-Pay be tweeting all the time regarding qr-payments on the up and South East Asia growing too.
Well timed mate, I think we could breach 20p today at this point
This morning as bought below 17p. Should smash through 20p tomorrow. It just needed Volume.
You know yourself, its incredibly hard to buy here at the best of times
I think they ran an analyst presentation last time but we see in good hands here and this Fintech is really ready to make a big move in Europe with cashless payments and also mobile wallet storage etc.
With such a tiny MC, small freefloat and great fundamentals in place the sky is almost the limit on this one
So much upside with this company. They are market leaders in what they do. Also plenty of cash in the bank as well.
Now 20% up, must be a big delayed buy ;)
Not many in freefloat, this has all the hallmarks of a multibagger
tomshare, I think they will be transformational alright, why would they run an analyst presentation immediately afterwards?
She's a smouldering lads ;)
I still can't believe this message board is so quiet with Interim Results coming out tomorrow. These results really could be transformational for the company. A little recap and reasons for why I am invested here. From the Final Results issued April 5th 2017 they stated: “The group said it benefitted as consumers continue to migrate to digital payment channels, while eight of its top ten customers INCREASED their payment transaction value processed. That led to REVENUES INCREASING by 10% year-on-year to £3.3mln for the 12 months to 31 December 2016.” The next bit is very telling and gives us great optimism for the interims tomorrow. "TRANSACTION VOLUMES HAVE CONTINUED TO GROW INTO 2017, WHILE GROSS MARGINS REMAIN STRONG, MI-PAY SAID." I was very happy on August 3rd 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. Put it this way, this one client is around same as TOTAL ANNUAL TRANSACTION VALUE OF 2016 ALONE. If our other top 10 clients also follow suit and increase transaction revenues like this new 3 year contract then we are golden. 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. 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. 57% increase in use of mobile wallets and also 87% increase in consumers not wanting to store payment details directly with operators. £3.5 million in cash and cash equivalents (2015 £3.5 million as well). Another potential huge revenue stream for us here. Also we have the South East Asia operations to look forward to too. Now let's look at a tweet from Mi-Pay from last Friday https://twitter.com/MiPay/status/911182069077889024 http://www.paymentscardsandmobile.com/asia-pacific-lead-mobile-shopping-usage/ "Mobile shopping growth is growing sharply in Asia Pacific’s emerging markets, outpacing their more developed counterparts, according to the latest Mastercard Mobile Shopping Survey. Consumer use in the Philippines (53.5 percent) and Malaysia (55.6 percent) top the region with the highest year-on-year growth in mobile shopping, recording increases of 12.6 percent and 10.1 percent respectively." Looks like our South East Asian side of the business is developing very nicely indeed. Increase of 12.6% this year in mobile shopping in the Philippines. I am sure we will be getting a nice update regarding what's happening from our office in Manilla. The article linked above also states the increase in mobile shopping "has also fueled a steady increase in di
Tomorrow.! Expecting Good News Here.! GLA :)
Look forward to chatting after Tuesday Tom. Hopefully after good news. Fingers crossed.
Hi Phirpo. Yes I agree and I also believe many people don't know about this share and a lot of the lurkers don't even understand the business and how much we can actually make from different transactions. From the RNS regarding the new contract you can see from the chat on twitter (by the way I despise twitter but I often go on to check sentiment etc) you can see from what a lot of people were saying that they don't understand this company at all. Some of the calculations were just completely wrong. Next week should be very interesting indeed.
I genuinely wonder if many people know about this share? With hopefully big news to come in such a niche market, one would think that there would be so much more activity!?
I wouldnt disagree, but that's simply because of the paucity of RNS's in recent months, do lets hope the numbers talk volumes for MPAY's value next Tuesday when they come out. Until then it's a hard one to call.GLA
It looks looks others aren't so excited - hence the paucity of buys. GLA
The years results. Should liven it up
Yet another thrilling day. Struggling to contain my excitement:-)
Hints :)
They have given plenty of hint to good results so im hoping for good results
Glad I had my final top-up at 16.6. Hopefully rising from now. GLA