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Interesting post thank you. What is clear from the trading update is that Covid rather than damage MobilityOne revenue has actually given a positive boost to the bottom line.
Personally what I am most pleased about is while revenue grew by 52%, pretax profit more than tripled to £1.4 million. This is developing into a large, well established and solidly profitable business.

I take your point but the fact remains in 2022 when the gas and the money is flowing this share will be worth a lot more than 1p a share. So the game is to judge the right moment to get on or off the roller coaster.
I previously held a lot of Solo shares but the dilution and issues over funding there made me switch over to Aminex as the free carry guaranteed the profit. We all know what is coming but PIs like to play their games to eek the extra few points out of each share.
The drop from 1.5p to 1p hurt and I am sure some smart operators profited there. I hold because I didn't see so severe a drop coming and I believe I can sell later for a lot more money.
Did someone say dividend?

Truth is the whole market has dropped over this week, I daily monitor a dozen shares and all have dropped this week.
Turning to Mobilityone the current price is crazy. Based on the trading update of the 22nd revenue in 2020 will be around £250 million and profit £2-3 million with £6-7 million already in cash or equivalents against a market cap of £9 million. I think people are currently keeping their hands in their pockets waiting for the market to bottom out and then will start to re-invest. I think MBO is a prime candidate for a quick recovery.
I would like to see the board help with this, news of what we are doing with MoneyGram and Alipay, consider share buy back or dividend schemes. Now the company is making good profit I wouild like to see the shareholders benefit.

Nice summary ShearClass. I think your 2020 revenue forcast look spot on. Cash and cash equivalents are already £5,924,145 (unadited).

Fully agree with Crusty "The real news now is the timescales and implementation of seismics and drilling."
There is going to be a stead drip of good news here, the Operating Committee Meeting then it will be a formal programme and schedule then a date for drilling of the Chikumbi-1 well and the 3D seismic acquisition. All happening in the coming months

Clearly there is an element of that AIM mantra sell on news going on this morning. Cash in on the spike and hope to buy back in as the price drifts down over the coming weeks. This time however I think news will be coming thick and fast with operational boxes being ticked off.
By 2022 I am certain Aminex will be a generating real cash and worth many times the current market cap so the game is to predict the path between the current and future states. I made my decision and bought in 3 months ago and looking forward to the next 15 months holding tight onto a growing asset.

As Leer pointed out yesterday "Their balance sheet is now £2.5million positive, as far as I can see. Increasing turnover, at the very least this company is worth £20-£25million". As the new normal is profits in the £2-3 million area and growing, the next logical step is returning some of that cash to the PIs in the form of a dividend. That would send the share price rocketing fairly soon.

Thu, 22nd Oct 2020 15:32

MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - For the first half of 2020, pretax profit more than triples to GBP1.4 million from GBP423,999 the year before, on revenue that grew by 52% to GBP119.9 million from GBP78.8 million. Revenue growth was driven by strong growth in the group's mobile phone prepaid airtime reload and bill payment business in Malaysia and rise in e-payments as a result of the pandemic.

Looking ahead, MobilityOne remains confident in its outlook for the rest of 2020.

Current stock price: 10.35 pence

Year-to-date change: up sharply from 2.90p

By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.

This RNS is about as good as it gets. Revenue is through the roof, we should see a full year figure of around £250 million or higher. Profit is supurb and should be well over £2 million for the year and I see the cash in bank figure now nearly £6 million already so £7 million by December.
This is a company currently market capped at £12 million, they have half of that in cash and equivalents already!
We have the MoneyGram and Alipay agreements kicking in for H2 and the UK entity in processes of FCA approval. The share price can only go one way on this, growth growth, growth.

Given the AGM is tomorrow a 2020 trading update RNS would be good and it has to appear in the next 7 trading days regardless.

The Company's Annual General Meeting ("AGM") will be held at 10.00 a.m. (Malaysia time) on 22 October 2020 i.e. six days.
So what will the market say if revenue and profit are up? Munchbox is open in shorting this stock, many aren't across AIM. On his assertion that this is a risky stock, certainly someone has been selling quite a bit over the last two weeks which has pushed the price down. Risky, I don't think growing profitable companies are a risky investment. Short term any stock can take a dip (even the Amazons and the Tesla's) but the company is clearly worth multiple of its market cap.

You would think so, I can't see a solitary £280 buy doing that.

Yes, just quoted 0.95 on a dummy sell, above the LSE "mid point". We get nearer the spud every day so pressure will take this up and one Sunny day the cash will start to flow in.

Yes I am slightly intrigued by this as anyone selling must be doing so at a loss unless they bought over six months ago when the price was sub 5p. If your intension was to sell why now? The share price was much higher a couple of weeks ago and I believe will be much higher in future when the updated 2020 trading figures emerge.

Solo will sell their Ruvuma stake, it's only a question of how much they get.

The companies revenue stream is $500 million over the next 20 years and the market cap is £34 million. How much of that has to directed to the shareholders to send the share price much, much higher.

As I pointed out in my previous post three long term shareholders hold over 70% of the Company’s share capital and 50.3% of that is held by the CEO. So, there is in effect a false market for the share price and in turn the market cap. I suspect if you offered our CEO £4.5 million for his controlling interest in the shares based on the current share price he would tell you (most politely I am sure) to “go and do one”. Looking closely at the figures in the Annual Report, I personally am happy the company is worth many multiples of its £9 million AIM market cap.
So where does that leave us as private investors. This company did get a little notoriety recently when the share price spiked to 50p+ for an afternoon when the MoneyGram RNS came out. People saw MoneyGram and bought blindly not understanding the very low free float here. Happily, for longer term players this has been a great investment so if you bought 12 months ago the share price was 2.4p and even in the current dip a 350% growth. I personally bought after the June 2020 RNS and my average is 5p so a very positive experience.
The way revenue continues to grow year on year gives me confidence that the future me will be looking back at 2020 and being bemused by how low the share price was. Obviously please DYOR and the best of luck to all investors.

All the negativity I see here is based on what might happen, bogey man talk. What do we really know: revenue grew last year by 77%; a loss making subsid was sold; profit was made; the company signed deals with MoneyGram and Alipay; financial performance is not adversely affected by COVID-19; consumers worldwide switching to online and mobile including in Malaysia; £4.5 million cash in the bank.
Operating profit grew from £331,640 to £1,356,228 between 2018 and 2019 significantly higher than the growth in revenue. In the bogey man world profit may drop but its hardly as if the company is cash starved and on the evidence profits may increase and increase significantly. The disposal of the loss making Indonesian subsid is crucial here.
This is a well run company and one where the the top three shareholders hold over 70% of the Company’s share capital, 50.3% of the share capital being held by the CEO. So there are only 30 million shares being traded and on a busy day 10-20% of the free float of the company is traded so sharp price movement up and down will happen.
With the level of cash in the bank and the revenue and the operating profit this company has, the market cap and hence the share price has to go up, this company is worth a lot more than £10 million.

People buy, people sell and the share price goes up and down. The fact remains with £4.5 million in the bank, £170 million revenue and profitable this company is worth a lot more than £11 million MC. As I have said before if the half year figures are okay then it will go up, if they are better than okay it will go up a lot. We will have these figures in October so if you want in get in if not bye. Tick tick tick

Couldn't agree more, core remains strong, the company is investing in the growing the international transfer business and in the UK market.
Solid results and good planning at a time when a lot of companies on AIM are really struggling. Safe place to be at the moment.