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https://monetech.co.uk/# It looks as though the new subsidiary is looking to take on staff. Very promising

I agree. The company remains very undervalued with another 35% increase in turnover and profits climbing from a loss of 1.4m to a profit of 1.2m. Yet it is still barely valued at 5m. The big problem has always been the lack of interest and so, liquidity. This is because of the company's failure to provide updates. We know that they win lots of contracts, working with many clients including banks, supermarkets, and schools etc. If the UK subsidiary can gain just a couple of contracts, the profile and mcap of MBO will rise to something approaching fair value.

I am amazed to see so many other companies declaring a loss year after year and placings every couple of years. Yet the mcap much higher than MBO. MBO has never needed a placing, has huge growth each year, and turns a profit.

Highlights:
· Unaudited revenue increased 35.0% to £169.4 million (2018: £125.5 million) contributed by strong growth in the Group's mobile phone prepaid airtime reload and bill payment business in Malaysia via mainly mobile and internet channels;

· Gross profit of £10.7 million (2018: £7.4 million);

· Profit after tax of £1.18 million (2018: loss after tax of £1.36 million);

· Cash and cash equivalents as at 31 December 2019 of £4.42 million (31 December 2018: £4.18 million);

Results for the period up to December 31, 2019, will be out at the end of this month. I hope they continue on the same trajectory of the previous 12 months, and see no reason why not.
At the end of December 2018, they showed a loss of £1.36m. However, at the end of June 2019, having disposed of the loss-making business in Bangladesh, they were able to report a profit of £0.42m. Turnover continued to increase in high double digits and cash was up to £4.99m (30 June 2018: £3.21m.
All being well profits in excess of £2m will be announced in a few weeks and further increases in cash. Yet, the company is only valued today at £3m.
MBO has never diluted its shares and has just a small number of shares in free float. If I am correct with £2m profits, then just a p/e of 5 would triple the value of the company.

Hi seav1ew. I also have been here a good while and am happy to wait. The company has grown over the years it has lots of good news (year after year) but is not at all concerned about promoting it, like other companies. Nevertheless, I am pretty confident that the June results will come good. It does not seem unrealistic to see a profit of 2m. That would be something with the company only valued at 4m today.

http://www.dailyexpress.com.my/news/146366/labuan-sea-transport-services-go-cashless-feb-1/

I am sure they have lots of contracts like this, but just do not bother to promote it.

That is what I also thought when I saw that they were included in the report http://www.digitaljournal.com/pr/4560154

Most recent results. Turnover for six months up 37% to 79m and in profit. Money in the bank, and there has never been a share placing. Valuation still only 4m

https://www.globalbankingandfinance.com/global-banking-finance-awards-2019-award-winners/

Nice to see them winning award for most Innovative E-Payment solution provider https://awards.internationalfinance.com/award-winners/winners-of-technology-awards-2019/

Thank you for posting this draft. This is good news. Now it is back in profit the company is very undervalued. As they keep building up these partnerships both income and profits are sure to increase. Hopefully, they stay away from international capital intensive adventures such as Bangladesh. If so, I think we can be very optimistic about the next set of results

I am sure their payables will be covered. This is a company that has never gone to the market and diluted shares. Take a look at the history.

I was excited about all they were doing in Bangladesh. However, I think the market was just too competitive. Now they have cut their losses they can focus on their home turf, where they continue to grow. Hopefully, this is the last of their international adventures.

It has been a long few years for me. I feel that they always seem to be looking for new opportunities (Such as Bangladesh). They keep growing turnover and are prudent with cash. All they need to do is show a small profit, and the share price will turn. Having said that, I have felt this way before results each year.

We should get the result this week for the period to the end of Dec 2018. Previous 6 months results showed a 56% increase in turnover and 3.2m in cash. This is the same as today's valuation of the company. Unfortunately still no interest here but I for one am looking forward to the results. Good luck to all here.

Thank you draft. It seems our little band are all still here. As are the reasons that we all bought into this.

This firm have burned through millions over the last couple of years. They are now down to a few months of cash (at present burn rate) and have now advised of dilution through a placing. Yet, the price rises?

Perhaps Tap n Pay Bangladesh a moving faster than we thought.

The press release https://techworldbd24.com/index.php/techworld/514 is the service agreement means Sonali Bank customers will recieve bank services through Tap n Pay.

Sonali Bank Ltd is the largest state owner commercial bank in Bangladesh. 18,000 employees and 1200 branches.

This deal will be a real boost for Tap n Pay

Sure. We have every reason to be happy as they continue to build value. If it was a bigger company the price would shoot up. However, there is just not enough interest here. However, I am happy that this company is worth a lot more than 4m, and will be holding on

Excellent increase in turnover to smash through 100m per year, but a loss to fund the ongoing expansion of bangladesh. They continue in the right direction but do not seem there being much impact on share price.