Peer Group Euronet Worldwide (NASDAQ: EEFT) who alongside their other e-pay solutions, facilitates the movement of payments around the world, have ranked on two consecutive years with the Forbes magazine's list of 25 Fastest-Growing Technology Companies. Euronet during 2010 processed around 1.7 billion transactions and posted annual revenues of more than $1 billion. In recent times Euronet Wroldwide has been acquiring businesses to increase market share and world coverage, however, they recently failed with a $12 million offer following a bidding war with Tobikiri to buy e-Pay Asia (ASX:EPY), who operate in South East Asia as a competitor to MobilityOne providing mobile credit recharge services. [4] Another London listed company in this space is Monitise (LON:MONI) who have mobile banking and payments operations in the UK, US, India and Africa, and an order book that stood at £78m at the 2011 annual reporting stage. Monitise has 5.5m users worldwide and has a partnership with Visa Inc, with a share price of around 28p and with 807m shares in issue Monitise has a market capitalisation of around £225m. For the year ended 30 June 2011 Monitise pulled in £14m in revenue, which was an increase of 133% when compared to 2010. [5] 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. [6]
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. [2]
A significant proportion of the MobilityOne business is concerned with mobile pre-pay top-ups, which is a market growing at an annual rate of 10% with around 80% of the Malaysian mobile users on pre-pay deals amounting to c. £200m worth of monthly top-ups. MobilityOne through its subsidiaries operate in Malaysia, Indonesia and in Cambodia, offering a payment eco-system which includes e-solutions such as bill payments and mobile top-ups. The current network MobilityOne have consists of more than 2,000 retail points and 8 banking partners, which currently have a combined coverage of more than 10 million account holders. The end customer uses the services offered by MobilityOne via a range of locations including, petrol marts, mini marts, convenience stores, food and beverage chains, cybercafés and via various banking facilities like the internet banking portal and ATMs nationwide. The core Malaysian business was further strengthened recently when the company announced two new deals, the first with Bank Muamalat Malaysia to provide airtime reloads via its banking channels across its 56 branches, and secondly with Felda Trading Sdn Bhd, whose holding company is one of the world’s largest plantation operators employing around 50,000 workers, to provide airtime reload and money transfer services throughout its 200 stores. With the majority of Felda’s workforce being migrant workers, this agreement was seen as a strategic success by MobilityOne, with the migrant workers being a key demographic of potential users for the international remittance service and also the prepaid airtime reloads.
Mobilityone (LON:MBO) is an AIM listed solution provider for electronic transactions and payments in the South East Asia region who in essence provides the technology used between service providers and their end consumers. The solutions offered enable businesses to operate a multi channel transaction approach encompassing methods including, mobile phones, ATMs, mobile banking, data capture terminals, the internet and banking channels such as the internet banking portal. At the June HY11 stage, MobilityOne announced an impressive 47.6% sales growth to £14.4m, which was a welcome growth off the back of a 70.9% growth in revenue to £23.9m for FY10 when compared to FY09. With the December end of year trading update historically issued during February, the FY11 performance is the next piece of news expected from MobilityOne, who could well be a small cap story to monitor over the next few years in terms of top and bottom line growth performance. [1]
http://www.allenbycapital.com/research/mobilityone290911.pdf
i took some more!
09.02.12 PIVOT ENTERTAINMENT GROUP PLC ("Pivot Entertainment" or "the Group") Director's Dealing Pivot Entertainment Group plc (AIM: PVT), the transatlantic media and entertainment company, was notified that on 9th February 2012, Jeremy Barbera, CEO of the Company, purchased a total of 50,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares") at a price of 19.4p per share. Prior to the transaction, Jeremy Barbera was interested in 9,350,000 ordinary shares. Following this purchase his total holding is now 9,400,000 representing 14.25% of the issued share capital of the Company. Brilliant opportunity
Ammy - you could be right. Looks like someone needed their money quick and sold out in chunks. Provides a chance under 20p to grab some.
Buying opportunity could be coming here to top up.
Buy price is rising now. 21.15p being paid now. A few more and we will be ticking up
my holding ain't too shabby here pal! ; )
Afternoon…. I have added a few more here today as well. Why not… lol
I don't like disclosing how much i have mate but plenty of upside here to come. Wonder if anymore of the buys today were directors? What we do know is that we have had a ringing endorsement in the last few days with their buys. ; )
Well done all. Very good finish. Lot more to come next week.
Looking good for next week now. Someone(S) loading here.