Member Info for cielo102

Hello Shareminator. Thank you for posting the summary. I am really looking forward to the results this week. I expect them to tell us that they have a number of small contracts like that below from their new emoney service in Malaysia. We will also learn about the revenue that Tap n Pay in Bangladesh has been generating since the beginning of 2018. Hopefully we will see our patience pay off soon. Good luck to all here.

To be clear. They raised 32m in May 2017. The results to End of Dec 2017 showed a loss of 19M and cash was down to 26m. On the plus side they hope to reach profit by the end of this year.

It is nice to see that they are continuing to take lots of people on https://www.indeed.com.my/jobs?q=mobilityone&l=

The initial set up work in Bangladesh was in the results to end of Dec 2017. I am hoping that the September results are going to be really good. I am sure turnover will pass 100m. Not bad for a company with a market cap. of 4m

Sherminator, I agree. Like everyone else, I would loved to have a seen a huge rise in the share price. However, what is really important is that the business is going great. A 36% rise in sales and this is without anything from Bangladesh. The only contribution from Bangladesh has been the start up costs of what is today a significan business. So, if they ha not got into Bangladesh I am sure we would be looking at very healthy profits for these company results,

Nevertheless, they are in Bangladesh, with 800,000 registered users. This is going to make a big contribution to this small company.

In June last year they received approval for their email business from the Malaysian government. In typical MBO style, there was no fanfare or promotion, but clearly the services are now being rolled out, making further contributions to the next set of results.

I wish they promoted themselves more. However, I remain a big fan. They have been on AIM since 2006 and never asked form money diluting shares. 85m revenue, 3.4m cash, and a valuation of only 5m.

They will fly past 100m revenue in the results to June 30 (Results to come out in September) and I see no reason for anything bug a healthy profit.

Stay patient. I will be buying more if they do drop. I already have a lot.

I am not sure what will happen on Monday. I agree, most companies will jump. However, I will be holding regardless. In the September, they are sure to pass 100m turnover, with the new contributions from Bangladesh and E Money in Malaysia. These will be the results till the end of June. This is certainly not a company that promotes themselves to shareholder. However, they are expanding quickly in a variety of areas.

Looking good. Revenue up 36%. Loss of 0.7m due to purchase of 55% of tap n pay in Bangladesh. Revenue from Bangladesh coming online since beginning of 2018. Emoney service being rolled out in Malaysia

This was a big drop on no news

I am very hopeful that MBO will bring out strong results at the end of the month, and continue on the positive trajectory of the last few years.. They have taken on a fair few people in recent months. This is just one job site today https://www.indeed.com.my/jobs?q=mobilityone&l=Kuala+Lumpur

A nice foothold into a new market http://www.theborneopost.com/2018/06/04/tawau-municipal-council-launches-electronic-payment-service/

Wow. 822k customers in 12 months. The number one player in Bangladesh has 30m customers and began in 2011. It is privately held and recently sold stock reportedly valuing the company at $640m. https://bdnews24.com/business/2018/04/27/deal-with-ant-financial-shows-confidence-in-bangladesh-economy-bkash-ceo Bkash has been criticised on the grounds of security of financial transactions, whist Tap n Pay boast of having the best security around Perhaps this is what is pushing their growth. If we give Tap n Pay 3% of the valuation of Bkash, that would be USD $19m or 14m sterling. So, 14m just for MBO Bangladesh operations. Today the whole company, including its main Malaysia concern (With 70m turnover) has a value of just 5m.

Yes. Thank you. It is really positive to see that they have the confidence to be looking at expanding to other countries already.

For better or worse. There are very few shares available. Most are with the directors. So big movements up or down. However, if you believe in the prospects of the company, this should not be a problem

The company turns over 70m per year, is in profit (Albeit small), has never diluted its shares and has cash in the bank. They have a growing and profitable business in their home country of Malaysia, but what is very interesting is the mobile financial service business in Bangladesh. The company is poor at giving out information. However, I understand that the bangladesh business is growing quickly (In a competitive market). With a valuation of only 5m, I think they could well be candidates on someones take over list. Results coming in early June

That is good news as most of sales are in Malaysia. Results out in a few weeks. They should maintain the positive momentum of the last few years. Also, we will get news of how Tap n Pay is progressing in bangladesh.

Does the RNS not suggest that at the present rate of losses they run out of money in less than 5 months and so the director is propping them up with 1.5m

Yes, it is completely crazy that KOOVS can be valued not at 22m and MBO 4m. The results are out in about 6 weeks. If MBO just stay on the track of the last few years I am sure this will be reflected with a good rise.

Strange that the last 10 transactions all sells (Granted, small amount) but price has not moved. This normally drops and rises on each transaction. Perhaps no news now till June Results.

Hi Chilting. Despite what we think, here are people buying here with a lot more money than me. So what do I know

I am not invested here but have been interested in the company story over the past year. I have been impressed by how the valuation kept rising without, for me, any justification. They seem to just spend everything on marketing (50% of revenue) and talk about increasing brand awareness. However, this is not the same as sales. Of course brand awareness increases with a high marketing spend.

It is good to get positive news. Actually looking all the RNS from the company is positive. It is just that we do not hear enough from them. I am holding and happy to wait for the interims.