Fonix Share Price (FNX)

there's huge potential here if it gets rolled out globally:

https://www.fonix.com/blog/fonix-and-voi-join-forces-to-bring-pay-by-mobile-to-micromobility-users/

"fonix has been successful in its bid to partner with voi to introduce mobile carrier billing. launching in the uk initially, voi will offer mobile payments to their riders to simplify transactions whilst broadening their reach to consumers.

voi is one of the fastest-growing mobility companies in the world. born in sweden, they drive innovation through micromobility solutions (e-scooters and e-bikes), contributing to sustainable transportation and urban development. in 2023, voi had its strongest year to date with a record-high ridership and securing major contracts in cities such as london, vienna, oslo, and m****ille.

they anticipate another year of strong performance in 2024, after making operational changes to enhance efficiency and profitability. they remain focused on delivering stellar service to their riders in over 100 cities across europe. with fonix headquartered in london and the fonix team being users of micromobility, it makes this partnership more personal to the team. ..

pay by mobile offers accessibility, availability and speed creating an effortless user experience when onboarding new riders and is the reason behind why so many people opt to use it. fonix interacts with over 1/3 of the uk population every year and finds that carrier billing can offer up to a 30% uplift in revenues without cannibalisation of other payment methods.

according to juniper research, the global mobility-as-a-service (maas) market is expected to increase from $31.1 billion (end of 2023) to $144.1bn (end of 2028). fonix is glad to be a part of a fast-growing and exciting industry and looks forward to seeing how carrier billing can positively impact the micromobility sector. carrier billing lends itself well to maas subscriptions and pay-as-you-go platforms and could be a vital driver in the adoption of e-mobility solutions.

anthony baladi, commercial director, says:

we are excited to work with voi and provide our carrier billing to bolster their payments infrastructure. the team at voi have been superb throughout the integration and launch of this partnership. they are one of the fastest growing micro mobility companies in the world and we feel that we are perfectly positioned to facilitate their growth through fonix’s leading mobile payment technology.

gustaf soldan, chief product officer at voi, says:

fonix’s pay by mobile solution is a strong addition to the voi experience and furthers our agenda to provide a broad menu of payment methods, enabling broad and equitable access to our service. we have been impressed by the responsiveness and quality of our partnership with fonix so far and are looking forward to further collaborating on a user-centric carrier billing solution."

Agree with your thoughts Rivaldo. Share price should hold up well with the smooth sale..

Clearly there was strong Institutional Investor demand at 225p with 6.7m shares sold, significantly higher than the 4.44m shares floated in yesterday's RNS.

Placing done nice and smoothly, and hardly a surprise given the significant shareholdings of the three major holders - which remain extremely weighty at 33% of the company.

Given the apparent demand it's possible that the share price will stick at the 240p mark or even higher, but whatever the case I suspect it will remain pretty strong.

Especially given the signal given the by the 907,000 share buyback at the same price, with those shares now quickly cancelled.

An hour later and another RNS.

Fonix to take opportunity to buy back 1m shares using surplus cash - to be held in treasury.

Https://uk.advfn.com/p.php?pid=nmona&article=93681279

To "meet institutional demand".

- I guess price will drive down tomorrow...