Member Info for Laura2022

CEO Alan Calder owns 27% and 42p was the fund raise from 2022

Alan Calder, Chief Executive Officer, said:

 

"Our revenues, including recurring and contracted revenues, all grew strongly. Despite inflationary pressures on our operating costs, we continue to achieve improvement in gross margin.

 

"In addition to the two certainties of life - death and taxation - there is now a third: cyber attack, be it of corporates or individuals. The jump in cyber-crime insurance premiums is testament to the growth of cyber criminals' capabilities and scale. Despite the current challenging economic environment, for finance teams and boards to short-sightedly throttle back on cyber security investments is tantamount to an act of self-harm. It is not a question of if but when all organisations are attacked by cyber criminals, and so the services GRCI provides are of critical importance.

 

"We continued to invest heavily in our higher-margin and faster-growing SaaS and e-commerce businesses, both in people and systems, which we expect to underpin our profitable growth in H2 and the following financial years. We continue to trade in line with market expectations."

 

Cyber security sector seems the topical sector unfortunately

The large trade from yesterday explains the 50% drop yesterday on no apparent volume

I think this could recover well

Closing cash at the end of June 2023 £9.8m (June 2022 £17.7m)

· Restructuring plans to substantially reduce the monthly net cash burn completed by the end of May 2023, incurring restructuring costs of £311k

Hard to buy ?

Seems harsh given annual recurring revenues are £6mln and net assets are high

They also have a £0.5mln facility

Nigel Wray and directors own 50% at 42p placing

"As we have previously stated, our strategy is to grow organically and by acquisition. In the current financial market conditions, our primary focus is on organic growth and, in particular, in positioning our Cyber Comply platform at the heart of our service offering.

 

"With our recurring revenue activities continuing to perform strongly and the good momentum in Q4 continued into the start of the new financial year, we are looking forward with increasing confidence.

 

"Trading to the end of April 2023 is in line with our expectations

Ria

Looks a good buy here at 1.25p with seller out

Can't buy even at 6p ??

Is anyone else's HL down ?

I cannot buy MBO PYC or ITS

You could be right Sienna

My £1500 was executed above the ask price

Many thanks both you

With £5mln cash at the last results and potentially £11mln coming plus a joint venture with a large USA partner this could be worth an investment

I have chosen negotiated trade on HL for £1500

Not sure what this means ?

3 August 2023

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Update on Proposed Joint Venture with Super Apps

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes that a draft proxy statement has been filed by Tete Technologies Inc, a wholly owned subsidiary of Technology & Telecommunication Acquisition Corporation ("TETE"), on 2 August 2023 (the "TETE Proxy Filing") which is available for viewing on the United States Securities and Exchange Commission's website ("SEC").

 

The TETE Proxy Filing has been filed in draft with the SEC. The purpose of the TETE Proxy Filing is to provide TETE shareholders with information on the proposals ahead of seeking approval from TETE shareholders for the Merger Exercise itself. An extraordinary general meeting will be convened in due course for this purpose by TETE once the TETE Proxy Filing is in complete form and approved by the SEC.

Thanks but that has already risen alot

I will research MBO

Has the rise got something to do with the RNS a few weeks ago about the disposal going through ?

Is it worth investing here, I don't know anything about this company

Proposed Disposal and subject to the completion of the Merger Exercise, the Group is expected to receive cash proceeds of RM40.0 million (c. GBP7.53 million) and RM20.0 million (c. GBP3.76 million)

Amd all buys showing as sells

Anyone else not able to buy at the moment (I'm with HL)

That is a lot of money splashing around then for PYC !

Thankyou both

In simple terms Ralph is this a different/bigger type of contract/drug programme

All of the 0.95p trades at the end were buys as one was a purchase from myself

Are 0.96p and shown as sells

If someone could prevent the GM and maybe offer a cash injection or purchase assets and stop this lot getting away with 100pence IPO to this