Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
With results pending and due anyday now it will be difficult to get in cheaper IMO now. All indications are profit and that will be the fuse for this baby. O/t had a good reply on wsg and very confident there this year and expect some new deals to be announced very soon in the aviation sector.
Revenue & Profit The revenue growth achieved by MobilityOne during recent times has been quite impressive, for the full year ending December 2010 income rose by 70% year on year to £23.29m (2009: £13.73m), with a net loss of £206k. Continuing the sales growth at the half year stage of 2011 MobilityOne reported that revenue had again jumped up against the comparative period, this time by 47% to £14.4m (H1 2010 £9.8m), with bottom line losses reduced to £61k compared with a £204k loss for the comparative period in 2010. Allenby Capital the house broker in a research note prepared for institutional investors following the interims, estimate that the full year ending 31 December 2011 revenue will come in at £30.60m, showing a pre tax profit of £40k, with current year 2012 revenue estimated at £36.5m producing a pre tax profit of £741k.
Broker Forecast Allenby Capital who act as a nomad and joint broker to MobilityOne, in their recent institutional investor research note forecasted a forward P/E ratio for 2012 of 5.4 for MobilityOne, commenting “considering the track record of growth demonstrated by Mob1, its established position in growth markets and the cautious levels of our forecasts, we believe the company is trading considerably below fair value.” With Allenby Capital forecasting a profit before tax figure of £741k for the current 2012 financial year and with a market capitalisation of around £3m, MobilityOne’s story could be one to follow.
MobilityOne is a rapidly growing, profitable, e-commerce infrastructure provider based in Malaysia. Its proprietary software connects service providers such as banks, telecommunications and transport companies to consumers, enabling prepayment for products including mobile phone top ups, via ATMs, prepayment terminals SMS and the Internet
It only takes a few trades for this to move up. About 70% of the shares aren’t in public hands. Being held tightly. This is just going to grow year on year. Real good growth story on the cards here. Moni?... You are having a laff! lol
Plus… The CEO Dato’ Hussian Rizal bin A. Rahman holds over 30m (32.8%) shares and has options along with another two directors for a further 2m each at 12.5p which expire in July 2012. Now they think this is a bargain at 12.5p. ; ) lol he wants some increase on 12,5p i am sure ; )
I am very excited as well. As Riddler has also mentioned this could be a share of the year and everything points to a significant underevaluation here. Looking at the peers such as MONI it is clear to see how off the mark the sp's are. Either they should be trading at 5.5p or we should be at near 40p or vice versa! Lol I am going to stock up some more here. Shift some duds out of the pf! lol