reasons to take a poistion1 Dec 2019 11:43
390m shares in issue, market cap at today’s close £585k, 341m shares traded last 3 sessions, almost all shares traded on the buy side between the .15-.21 level, very few were bought at .15 so majority between 0.16-0.2, placing shares at 0.115 pretty much the only people selling here as they are the only ones selling at a profit. Ultimately unless the company sincerely **** it up within a couple of weeks, think it trades to .25p plus without news which is still only £975k MC
The underlying proposition is to use large database of customer data held by MOS, within the restrictions imposed by data protection laws and the relevant commercial agreements with carriers and end customers, to provide profiling, credit and demographic insights which can be monetised. Because of the nature of the countries and customer base, MOS serves customers in countries with low retail access to bank accounts, credit cards etc. This means that credit information on individuals and groups (eg by locality) is sparse, and as a result can be considerably more valuable than in some more developed markets.
Parallel with this the legacy business will probably be trimmed down further and capital deployed in the the specific areas which the new board believe can be profitable.
53.5m (14%) shares with management + another 30m (7.5%) tied up with svs securities that cannot be traded. So effectively 306m shares available on market.
thanks to watermelon / smudgedan and Dave from twitter for the above