iii izzy bear17 Aug 2013 14:48
Taken from the iii discussion board, a posting by izzy bear 23.25pm, last night. I hope izzy doesn't mind, but I thought it was a good post.
I have been looking to see if anyone had any ideas/thoughts regarding the seemingly continual rise in share price.
Taken from iii, izzy bear
Looking at one of Vipera's main competitors "Monitise " their share price has also risen, up by over 50%m and a trading statement last month states, they expect turnover to increase from £36 million to over £70 million, although their strength is in the UK, Vipera is established in the Middle East and Europe,
a few years back the public were nervous about mobile banking technology, but now there is more confidence in Mobile phone security, so that being the case more are using the facility of mobile banking.
Last years revenues for the first six months were £230k (six months) this year £733K, this puts them at around £1.5 plus, million for the year, it could be a lot more.
Next year in my opinion, as more people use mobile banking and payments with their mobiles, revenues could reach in excess of £5 to £7 million, with a share price off over £1,
The reason the price has been stagnant for the past few years, is peoples trust,,,,,Vipera and Monitise had the technology, they also had customers, but how secure was it ?
Well it looks as if it is now very safe.and the future, the market has to be worth over a billion in a few years.
There are only 130 million shares in circulation, with around 82 million owned by 3 directors, which only leaves around 50 million for private investors and institutions,
Good luck to all who have bought in,
.
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