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Haha but Blackrock buying trump any reasons to sell in my book :P I gave up holding this last month anyway oops

The signs were there even before the consolidation that this was beginning to trade in bubble territory. The market had been pricing in growth through acquisitions, impressive company building growth at that and it seems prices have jumped ahead of true value. Hence today's reaction to news that from here the company will look to streamline operations and reduce overheads to improve margins and turn a profit. Their projected revenue earlier in the year is reduced after slower trading recently but still forecast to rise on 2014 results and cash at bank (31/12/14) of £4.2m (2013: £1.8m) will aid cashflow purposes now that there are no further acquisitions looming. The excitement is fizzling out though so it's a wait and see until results suggest otherwise

Interims due later this month, seems to have been forgotten since peaking in May but expect this will garner interest post results

Analysis and breakdown of accounts http://shareminator.blogspot.co.uk/2015/07/mobilityone-looks-set-for-further-growth.html

MobilityOne Returns To Profitability In 2014 As Revenue Rises LONDON (Alliance News) - MobilityOne Ltd Tuesday said it swung to a small pretax profit in 2014 ... Alliance News 30 June, 2015 | 5:25PM LONDON (Alliance News) - MobilityOne Ltd Tuesday said it swung to a small pretax profit in 2014 after revenue rose and costs fell. The electronic payment and transaction provider reported a GBP239,999 pretax profit in 2014, swinging from a GBP1.7 million loss in 2013, as revenue rose to GBP53.0 million from GBP51.6 million and administration expenses remained steady at GBP3.0 million, but other operating expenses dropped to GBP286,908 from GBP1.9 million. MobilityOne said the revenue growth came from the mobile phone prepaid airtime reload and bill payment business via the group's existing banking channels such as mobile banking, internet banking and ATMs, and payment terminal base in Malaysia. Operations in the Philippines continued to report losses with a small revenue contribution through the provision of an e-payment solution that allows a licensed betting company in the Philippines to collect bets using the MobilityOne's mobile payment terminals. Similarly to previous year, international remittance services, for which the group had only six outlets in Malaysia, did not perform as expected and continued to incur losses. The group has recently discontinued its outlet-based international remittance services, it said. "The movement back into profitability for the group in 2014 is encouraging for the board of MobilityOne and provides confidence for the group's future prospects. The directors are optimistic on the performance of the group for 2015," said Chairman Abu Bakar bin Mohd Taib. MobilityOne shares closed down 12% to 2.87 pence per share on Tuesday. By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance http://www.morningstar.co.uk/uk/news/AN_1435681509268691800/mobilityone-returns-to-profitability-in-2014-as-revenue-rises.aspx

It never ceases to amaze me how events and market sentiment is twisted. For weeks there has been a negative agenda orchestrated before and coinciding with the ringgits depreciation. Now it appears this trade has run its course... http://www.straitstimes.com/business/economy/malaysia-escapes-fitch-downgrade-on-improvement-in-finances

Afternoon jolly, good to see someone else noticed haha yes the trend is more or less confirmed now. Operating profit more or less what I was hoping for, the write down of £160k for equipment in a non-recurring item but something I overlooked and Indonesian impairment & operating losses behind us it should be a good year. Didn't see there being an increase in borrowings however overall net cash position is higher. Better still if you add cash + trade receivables and subtract from the borrowings MBO are around £500k better off. The exchange rate is impacting profitability but should reverse once the Dollar turns lower.. maybe a few weeks after the Grexit. Good luck with your entry ;)

The Directors have prepared cashflow forecasts for companies within the Group. These cashflow forecasts show the Group expects an increase in revenue and will have sufficient headroom over available banking facilities. The Group has obtained banking facilities sufficient to facilitate the growth forecast in future periods. In addition, the controlling shareholder has also undertaken to provide support to enable the group to meet its debts as and when they fall due. News today of the markets failure to interpret Malaysia's economic outlook, perhaps an overreaction to the unfolding Euro crisis. Ringgit looks due a correction once this settles http://www.thestar.com.my/Business/Business-News/2015/07/01/KLCI-rallies-ringgit-strengthens-after-Fitch/?style=biz

Revenue up to £53 million despite the disposal of assets earlier in 2014 Trade & receivables masking company profitability up by £1,228,100 during the year to £2,323,251 whilst payables barely changed suggesting a significant sum of cash is due to the company in the coming year Cash position increased £288,262 over the 12 months to £1,608,255 Loans and borrowings increased by a total £1,000,079 to £2,977,944 of which approximately £330k will have been for the purchase of property in Kuala Lumpur and the rest "for working capital purposes" The Group has recently discontinued its outlet-based international remittance services which was loss-making during throughout 2014 "More than 1,000 new agent banking points introduced by one of the Group's banking partner recently in Malaysia is expected to continue to grow and contribute positively to the performance of the Group in 2015."

Released last night after hours Headline operating profit for the year of £420,825 up from £41,137 at the interim period http://www.investegate.co.uk/mobilityone-limited--mbo-/rns/final-results/201506301708197348R/

I had to double take when I read that Josh! Just checking the figures I don't think they are likely to repeat interim pre-tax profit in the second half, still it looks very encouraging their outlook "Encouragingly, even excluding the positive impact on initial recognition of NCGM, we would still be announcing record half year results with profit before all tax excluding this gain up 50% to £75.1m"

Looks planned a while back if you ask me. They announced the appointment of Martin back in May as a non-exec director which would have been a decision taken by the Board of Directors weeks earlier and then followed discussions of his appointment. He has been a part of BVM for 18 years and is no doubt ready to try something different. "In addition, I am delighted to announce that following the AGM today, Ian Martin will be appointed as a non-executive director of the Company. Ian has significant experience both as an executive and non-executive director both in public and private companies including being previously chairman and CEO of Avesco and being instrumental in its growth between 2002 and 2012. The board is very much looking forward to working with Ian and benefitting from his experience." https://www.youtube.com/watch?v=oLIZZM3SXqo

Mac19 - I forget to add, the research note was via Edison. Looking at their three previous notes, they have lowered their forecasts on two occasions, understandable given the poor update in January. The figures for 2017 like you say will include milestone payments $250m and $500m but to put this in perspective, they are forecasting £90m revenue this year, £99m in 2016 jumping to £141m in 2017. That it looks nice is hopefully a reflection of sound business credentials and not confounded optimism to entice us all to buy more... will see if I find anything else on this

Oh i hope LSE don't buckle to ADVFN's advances.. on a side note how are they worth £24m based on last set of trading results? Using previous annual and interim figures, the trend still looks like slow growth, challenging sales environment, losses continue and the growing liabilities masking the shrinking asset position - look at those outstanding trade / payables

Western media sources lacking analysis on the Malaysian economy and strength of its currency so this is an interesting perspective. http://www.mier.org.my/outlook/

Forecasting £21.6m profit before tax this year up from £17.5m last year. This is set to rise to £24.3m in 2016 and incredibly they are suggesting it will touch £59.1m in 2017 Currently trading on a P/E of 17 perhaps factoring in some of this expected growth.

Poor set of results, weak balance sheet , burning cash. Scrap heap

Expect SPDI and many other European property portfolios to take a pummeling in the coming weeks. Acquiring 3 properties in Greece during 2014, and in early March 2015 the GED warehouse acquisition (Greece) will prove awful decisions soon enough, the value of these assets will be vastly reduced once the country leaves the Euro. New currency peg will mean the current rental yields are unaffordable. At May 2015 Greek properties accounted for 18% of net operating income... And the wider fallout in the weeks ahead GLA

http://dailyreckoning.com/china-plans-to-launch-renminbi-gold-fix-by-end-of-2015/

Malaysian Ringgit under pressure may result in economic growth and stock market gains during the year ahead http://dailyreckoning.com/to-die-and-let-live/