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We should have the final audited 2020 figures out in the next week or two but I am more interested in the Half Year report for 2021. I am interested in TO, profit and what the plans are for international expansion. I would also be nice to see the great partnerships the company has starting to bear fruit.

There was discussion on this board regarding the valuation of companies in various sectors but even within the fintech world strange valuations happen.
A friend invested in GST and asked what I thought. It seems a perfectly good company investing in financial technology and interestingly and planning to file an application with the FCA for an API licence to connect to established payment gateways and commence a remittance business in the UK”. Good idea.
GTS very slick presentation and pushing their technology especially blockchain. Their TO (31/3/21) is £2.83 million (down from £4.5 million due to Covid?) and a loss of £0.49 million. Boring old Mobility one has a TO (31/12/20) of £246.7 million and a profit of £1.61 million and no problem with Covid at all. Yet the market capitalisation of both these companies today is the same at £21 million.
So why am I invested in MBO? Do I think that applying for a license in the UK with the FCA is a good idea - yes, is it good to have a raft of significant financial partnerships already in place – yes, is it good to have a stable software platform tried and tested in the market – yes, is it good to roll that platform out in other countries and business sectors – yes.
The MBO marketing department may be run by Rip Van Winkle but there is a solid and substantial base and I believe great ambition and growth there and I value that more than glossy presentation.
Happy weekend all.

I think things are becoming clearer with Mobilityone. The direction is clearly fully towards growth from the partnerships and where the investment is going. The critical partnership for me is SWIFT as it opens up the highly profitable corporate market and fits well with the international expansion of the company. That international expansion includes neighbouring economies in their home region and as we have know for a while the UK market.
This company has grown massively over the last 3-4 years, the latest audited figures will be confirmed later this month. I see the future growth potential as outstriping the recent past and a serious player in the fintech sector emerging.

I can only assume some lethergy due to it being the holiday season I can see no other reason. We are a month away from the getting the 2021 H1 figures and if they show continued growth then the value and the share price has to respond. We know that the partnerships they put in place last year and this year are targeting greatly increased profit. There is already annual profit around £2 million and richer pickings are there for the company to acceess.

Less of the 2020 results for me, Mobilityone is a very straight forward company so I expect the official 2020 figures will be the same as the un-audited ones we already have. What will be more interesting are the H1 2021 figures which will appear within a couple of weeks of the 2020 figures.

The partnerships with MoneyGram, Alipay, Mastercard and most importantly SWIFT will all boost profitability from 2021 on. This company has 40%+ growth in revenue and double that in profit over the last couple of years. So, if we see continued growth in H1 2021 this share is only going one way.

Considering it's the holiday season and there was a £97.50k sale late of Friday, MBO is holding up well. Very positive platform for when we get the next RNS drops.

Hi Nacho, its not just energy. A few people have mentioned Wise, a fintech just like us. Great revenue and £30 million profits so 15 times ours but their market cap is £9,548 million or over 300 times ours.
As someone put on their board "a market cap that is around 30% of Lloyds and a profit of one third of 1%".

Around 1% of the free float in MBO traded today, always a share that does well on the busier day.

Thank you Tiger and Mattjos. Mobilityone are apparently hiring accountants and developers in ****stan which is a bigger market than Malaysia and very interesting news. Especially when coupled with the SWIFT partnership news which allows MBO to compete directly with the banking big boys. It will allow them to tap into the larger scale corporate finance market, better revenue, better profit.

The really nice thing is all this potential growth is being funded by the cash cow phone contract business in Malaysia. Let's not all get ahead of ourselves but 2022 is looking to be a very good year in my view.

It is amusing to me to see how investors value certain companies and sectors on AIM over others. I have invested in the energy sector for a while and all the companies there are valued by where they will be in 3-5 years’ time it seems. Take a company like ITM, good products and partnerships, targeting massive growth, reported an operating loss of £29.4 million and revenue of £3.29 million, Clearly heavily in an investment stage and the current market cap is an eyewatering £2,361 million.

By comparison companies like Mobilityone seem to be valued by where they were 12-18 months ago. I got invested in June 2020 when the market cap was around £4 million and yet the company was showing revenue and profit of £1.18 million on revenue of £169.4 million, clearly wrong. Revenue grew in the following year by 45% and profit by 109% and now the market cap stands at a still inadequate £27 million. Revenue over the last four years have grown 30-50% per year and profit even faster, a trend I expect to continue or increase thanks to the partnerships and licences they have acquired. We at least do not have to wait long for the next glimpse into the future, the trading update in September will tell us more.

Where is MBO going to be in 3-5 years’ time I wonder.

Interesting analysis Flowergarden, it looks positive for the coming months.

On Flowergardens point about low volumes. Just over 1/2 million shares were traded today which is approximately 1/60th of the total free float for this share. That is a fairly significant transfer of available shares and let's hope for more to come.

On Flowergardens point about low volumes. Just over 1/2 million shares were traded today which is approximately 1/60th of the total free float for this share. That is a fairly significant transfer of available shares and let's hope for more to come.

I couldn't agree more with your statement Tiger, someone is hoovering up shares now the price has dropped.

The Summer is traditionally a quiet trading time though it was this time last year they annouced the MoneyGram and Alipay deals. Let's hope the directors put a similar rabbit out of the hat to full the period until the H1 results are out.

Its a profitable company with money in the bank. The new partnerships and licenses should increase both revenue and profit, what's not to like?

Pre tax profit up 109%, revenue growth is the key.

If you check back 12 months ago you will find exactly the same thing happened regarding auditing. It was put back three months and then they confirmed the results detailed in June 2020. I know from professional experience auditors will take every single minute you give them and still want more time.
There is nothing hidden here and this is a very good set of results. What we have seen today is people taking profit pure and simple and nothing wrong with that. Just some of us believe there is still more profit to be had.

Passer made the comment "It's a small margin business." which is absolutely spot on. In that context the way for a company to do well is increase revenue and keep a lid on costs and double tick on both counts with these results.
The company is very open in its intensions, they are going after the business market in Malaysia for both revenue and increase profit. The SWIFT news is massive in this regard.
The delay on the UK front is disappointing but it is the one hit due to Covid and no doubt the fact that travel restrictions are still in place.
A 45.6% increase in revenue and an after tax profit of £1.61 million (2019 profit after tax was £0.76 million excluding the one-off gain). Profit before tax increased 109% year on year!

This is a fintech company making profit on the wafer thin margins of phone contracts. This has been the case for many years so shouldn't be a surprise to anyone especially an investor.
They are bringing that efficiency to money-changing and remittance agent services. They have a license from the central bank and partner agreements with Moneygram, Alipay, Mastercard and SWIFT. All moves to boost revenue in higher profit areas.