Interims tomorrow can't wait25 Sep 2017 10:41
I still can't believe this message board is so quiet with Interim Results coming out tomorrow.
These results really could be transformational for the company.
A little recap and reasons for why I am invested here.
From the Final Results issued April 5th 2017 they stated:
“The group said it benefitted as consumers continue to migrate to digital payment channels, while eight of its top ten customers INCREASED their payment transaction value processed.
That led to REVENUES INCREASING by 10% year-on-year to £3.3mln for the 12 months to 31 December 2016.”
The next bit is very telling and gives us great optimism for the interims tomorrow.
"TRANSACTION VOLUMES HAVE CONTINUED TO GROW INTO 2017, WHILE GROSS MARGINS REMAIN STRONG, MI-PAY SAID."
I was very happy on August 3rd to get that 3 year contract with an existing client. I also don't mind one bit that there will be initial reduction in margins either.
This client has increased annual transaction value from €25 million to €100 million in JUST ONE YEAR. Put it this way, this one client is around same as TOTAL ANNUAL TRANSACTION VALUE OF 2016 ALONE.
If our other top 10 clients also follow suit and increase transaction revenues like this new 3 year contract then we are golden.
I can't see the other top clients not increasing volume. They have in the past and I expect they will continue to do so.
What also really excites me is Mi-Pay's self developed card storage vault. This delivered 13% of total revenues in 2016.
They also mentioned that they have seen consumers move to device led and mobile wallet payment solutions.
57% increase in use of mobile wallets and also 87% increase in consumers not wanting to store payment details directly with operators.
£3.5 million in cash and cash equivalents (2015 £3.5 million as well).
Another potential huge revenue stream for us here.
Also we have the South East Asia operations to look forward to too.
Now let's look at a tweet from Mi-Pay from last Friday
https://twitter.com/MiPay/status/911182069077889024
http://www.paymentscardsandmobile.com/asia-pacific-lead-mobile-shopping-usage/
"Mobile shopping growth is growing sharply in Asia Pacific’s emerging markets, outpacing their more developed counterparts, according to the latest Mastercard Mobile Shopping Survey.
Consumer use in the Philippines (53.5 percent) and Malaysia (55.6 percent) top the region with the highest year-on-year growth in mobile shopping, recording increases of 12.6 percent and 10.1 percent respectively."
Looks like our South East Asian side of the business is developing very nicely indeed. Increase of 12.6% this year in mobile shopping in the Philippines. I am sure we will be getting a nice update regarding what's happening from our office in Manilla.
The article linked above also states the increase in mobile shopping "has also fueled a steady increase in di