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I am heavily biased here, but I think the longer until we get the trading update the better it is for us shareholders. If things were flatlining or transaction values decreasing from 2016 I think they would have buried that news last week with the Contract Extension news. They even stated earlier in the year that transaction values in 2017 continue to grow as do margins. I think the news last week was a little taster for bigger things to come.

Sorry meant to write final results for year 2016.

Mi-Pay perfectly positioned to take full advantage of developments in online payments industry. From Final Results Mi-Pay 2017. "We connected with Amazon Payments, being the first to deliver their payments solution to the operator community and delivering 'in-app' top ups to a number of our clients during the year." http://uk.businessinsider.com/amazon-has-big-plans-to-disrupt-the-payments-industry-2017-7?r=US&IR=T Also from Goldman Sachs: "We see $28 trillion in online spending growing to $51 trillion over 10 years, driving $200 billion in new payments fee revenue"

A little recap.... 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 imminent trading update: "TRANSACTION VOLUMES HAVE CONTINUED TO GROW INTO 2017, WHILE GROSS MARGINS REMAIN STRONG, MI-PAY SAID."

* I will certainly

A lot of people also just buy when they see a rise and hence waiting for news people get bored, sell up and chase a rainbow somewhere else. We saw that on Thursday too. I counted 4 sells over Thur/Fri. These were all from buys on Thursday and all sold at a loss. Sure way of losing money on AIM. Patience is needed and I will. Sdrtisnly be accumulating at these levels.

Hi Phirpo it's also because Mi-Pay is relatively unknown. Also a lot of people don't understand how undervalued we really are. Once people cotton on we will see and increase in volume. The spread will decrease and with few shares in public hands will see this rise very nicely. With a market cap of only 2 x revenue really is a joke when some of our competitors are up to 22 x revenue. Our time will come though.

Mi-Pay named in Europe’s top 50 financial tech companies http://startups.co.uk/37-uk-firms-named-in-europes-top-50-financial-tech-companies/

* mobile wallets not mild wallets

Is one-click payment the missing ecommerce puzzle piece? https://twitter.com/MiPay/status/894483725282451456 Mi-Pay have been tweeting a great deal about QR payments and mild wallets. Really looking forward to this trading update. Mi-Pay's self developed card storage vault delivered 13% of total revenues in 2016. Hopefully see a nice increase in the trading update with this part of the business as well.

What's more, our current market cap doesn't even truly reflect what it should be from the 2016 accounts. Other companies in Fin Tech can have their market cap up to 22 times revenue. Also they are loss making. Our revenue in the 2016 accounts is £3.3 million. With a current market cap of £7.5 million we are just over double our revenue. This really is a joke. We haven't even rerated to what we should be from 2016 results. Roll on the trading update.

I have seen talk on another message board casting doubt regarding this part of the last RNS... "There will be an initial reduction in revenues and margin as both parties focus on the delivery of new solutions and new commercial terms take effect" They are saying that revenues for 2017 will therefore be down on 2016. What they fail to remember is that this new contract is from the top client of 2016. It is JUST ONE CLIENT. We still also have 9 of the other top 10 clients and also the payment wallet side of the business. I was very happy on Thursday 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. If our other top 10 clients also follow suit and increase transaction revenues like this new 3 year contract then we are golden. Who cares if margins go down as it will mean total annual transactions values will increase considerably. 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. DYOR

18.1998 and the two 18.10 trades just now are all buys. Look like sells as the ask is so high. Market makers will truly be screwed here when we get good volume.

And as we discuss this topic Mi-Pay just Tweeted this link http://www.pymnts.com/visa/2017/why-businesses-are-surprisingly-already-ready-for-the-cashless-future-today/amp/

Haha Marty 4212. Great minds think alike. I was just typing this up and saw your post. The contract news yesterday is very exciting indeed. Let's see how the other top 10 clients have increased their transaction values as well. 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. What's great for us here is that our experience in data protection and cyber security will really come in to play. 57% increase in use of mobile wallets and also 87% increase in consumers not wanting to store payment details directly with operators. These payment wallets are huge business. Here in China it has really taken off in the last 2-3 years. Another potential huge revenue stream for us here.

Yes £3.5 million in cash and cash equivalents (2015 £3.5 million as well). £2.4 million of this is related to the operation of managing client payments. Also this year we have £200k research and development cash tax credits available as well.

Yes totally agree Marty4212. Also a very healthy cash balance too.

Yes it sure is mate. Also only 4 trades made this rise 4% with one of those buys very small.

Yes please. And we know how much this can move with any real volume.

Yes hold and top up is my way of thinking. More funds coming my way next Friday and will be buying more for sure. I think the imminent trading update will hold a few surprises too. My thinking is that we will see the other top 10 clients also increasing their amount of transactions with Mi-Pay too. Look through M-Pay's twitter account. The clues are there. Once the market cottons on to this, we will then have lift off.