Member Info for Mattjos

Free float is absolute maximum of 37m shares so last week's reported 30m trading volume was 81% of that free float being churned.

At an average of 12p price for the week, that's £3.6m worth ... nice business for the five M&M's

If you read the details of the TETE deal, it is ultimately the intention of MBO to sell it's shares in Bradbury & quite possible there is then a cash Distribution to MBO shareholders at the time & this the mechanism by which the major shareholders see a tangible return on their equity.

Well done for getting quick reply from Allenby .... Suggest you ask them why, since serving as Nomad & Broker since IPO, Allenby have never once issued any coverage, analysis, opinion or Broker note on MBO .. not one in all those years but they regularly cover every single other stock in their stable

Well done miningforgold .... I did my research here as soon as the deal was first RNS'd.

Been a long, long wait but glad to see that I am not the only one that can determine just what an extraordinary opportunity this is.

Assuming MBO's ecosystem is able to handle the ANGKASA volumes, I very strongly suspect that MBO itself will quickly come under the spotlight of some far bigger Fintech entities.

Two excellent posts. Well done chaps. Some folk understand what's going on here.

Once we break 10p and move further ahead, this thread will start to loose the muppet brigade posters as the shares become too expensive for them & they'll be mainly all gone by the time we break 25p - still cheap of course but too rich for many who have plagued this thread of late.

Another of the "Reddit" muppets, proclaiming second-sight, filtered here today. Where have these morons suddenly come from?

Why are people here engaging with these spanners? Filter them out. An 'investment' for them is measured in hours at most. They are detritus & to be ignored. DYOR

The TETE 'news' has been out in the public domain since 20th January & the word content of the MBO RNS this pm is pretty much a cut'n'paste of the prior ones on this subject bar the dates.

Realised today there is a user Filter option in LSE .... thread here now a lot more sensible

Now 6 Market Makers on the order book. It went from 4 to 5 in early January. All evidence of rising market interest in the shares & should help tighten up the spread

Posted elsewhere and sharing here:

"<b><i>While development using SWIFT network is still underway</i>, new collaborations with bKash (i.e, the biggest mobile financial services provider in Bangladesh) <i>and Mastercard Send, which is expected to go live in the next few months</i>, will enhance the Group's product offerings, enabling faster and more secure cross-border transactions. Additionally, the Group has initiated incoming remittance services to Somalia, tapping into underserved markets and broadening its global reach. These initiatives are expected to drive revenue growth.</b>

Who knows exactly when they'll be more news while the TETE deal paperwork keeps moving forward on the NASDAQ. The company is entirely unpredictable by anyone as to when they release news & the Broker is absent any sort of guidance/commentary/analysis but if my reading of the rather convoluted sentence above from the 26th September Half Year report is correct, it looks like we should reasonably expect some update with regards development using the SWIFT network and Mastercard Send - both significant events with global entities.

Obviously we've now had the preliminary update with regards bKash Go-Live by the 15th Feb .... if they have sense they will RNS the confirmation to re-iterate rather than let it go as an assumption but RNS do cost money so maybe not.

That's a pretty sensational pipeline of strategic business partnerships from a company with £200m+ Revs yet only valued at £7m.

Either it continues to get traded upwards on a staircase revaluation or it simply goes up 10-15x off two or three news items remains to be seen but i struggle to believe it will stay this lowly valued for too much longer this year.

I'd rather see the former and that it sticks this year with £40-50m Mkt Cap becoming the new Mkt Cap floor

whether we like it or not, digital money is the way the world is going. mbo have developed an eco-system / a tech platform, whatever you choose to categorise it as & it is clearly capable of running some big numbers through it. it is targeting & growing adoption in a section of the growing populous that we have very little experience or understanding of (here in a western developed economy) but that does not in any way mean it is not valid.

if this company and its it architecture was running & serving a similar demographic here in the west with these sort of metrics running though it, it would have a valuation many, many, many multiples beyond that which we see today ... but i believe it will ultimately achieve a higher valuation just where it is right now. in many ways, the current customer base is more switched on to this than we are, but we cannot yet see it from here.

once that penny finally drops, i do expect a very pronounced revaluation of the company .. we're at a very very interesting inflection point in that 'understanding' process & this company currently valued at under £11m - it's pretty ******ed when you really think about it.

In all the years that Allenby Capital has been the company NOMAD and Broker (18.5 years since the July 2007 IPO) they have not once issued any research, coverage or given any price targets for MBO that I have been able to find anywhere.

Nick Athanas first appeared as the Allenby contact for MBO in October 2009 & still is to this day .... I have tried to engage with him on several occasions ... specifically after the 2021 'Speeding Ticket' RNS & other share price movements in subsequent years ... To be frank, I concluded that neither he or Allenby actually have the slightest idea as to the value of the business & do nothing other than absolute regulatory bare minimum for their fee.

Please come and post on ADVFN .. this thread has descended to a traders chimps tea-party. I've got a specific thread set up there and can ban/filter the chimps so the true facts and message gets seen.

Thus far, no new Holdings statement despite the huge trader-chimp flipping in the shares but surely wont be long as there will be at least one sizeable background buyer - new Market Maker on the book signals increased background interest & as we already see, much narrower daily spread.

Most corporates not back at their desks until next week as Three Kings Day mid-week means many tag on an extra holiday week.

Next week should be interesting

Added few more at 8.5p

We now have 5 Market Makers on the Order book which will hopefully help tighten the spread

No problem miningforgold .... I've been a very lone voice in support of MBO on the ADVFN threads for a long long time. Hopefully sharing your posts there will help some others understand what's actually going on .. hats off to you for your research on the TETE filings.

Miningforgold .. hope you do not mind my posting some of yuour research elsewhere ... you have encapsulated the info so well that I could think of no better way to try and share than to cut'n'paste your comments

Free float is tight than that .. I've held over 1m shares for several years. Never sold any. Added a few more over last few sessions & no intention to even try and trade any.

Have long believed the company technology is hugely valuable and the CEO a true entrepreneur with significant and international connections.

Assuming this TETE deal finally goes ahead, and it has been inching forward n the background, the resulting revaluation will truly shock those lacking the necessary familiarity.

Someone seemed to have left a partially filled sell order on the order book for 540 shares at 1.8p .. it had been there all day and that is what was causing the auctions to be extended intra-day as that 1.8p price was so far outside the reference price at the time the auction started and so the auction was extended in an effort to find a UT that was closer to the market price.

Anyway, I picked them up in the Closing Auction .. 3.5p was the lowest price i was able to enter on a Limit during trading time , hence the seller got 3.5p for his 540 shares rather than his indicated 1.8p. Hopefully now the order book is cleaned up for next week.