MBI - Mobi Limited

[Parag0n]

Pretty forward looking announcement from the company, just signed a JV deal with Crazy Johns.


MOBI LTD SIGNS EXCLUSIVE AGREEMENT WITH CRAZY JOHN’S
• MOBI LTD SIGNS EXCLUSIVE AGREEMENT WITH CRAZY JOHN’S
• JOINT VENTURE TO BE CREATED TO SELL MOBIDATA MOBILE
PRODUCTS IN AUSTRALIA, NZ AND EUROPE
• STRONG REVENUE AND PROFIT MODEL
The Board of Mobi Ltd is pleased to announce that it’s wholly owned subsidiary
MobiData Group has signed an exclusive agreement to form a joint venture company
with Crazy John’s to supply mobile applications and solutions (“NewCo”).
John Ilhan, CEO and Founder of Crazy John’s said “We are very pleased to be
partnering in this exciting project with Mobi. We believe the MobiData applications are
industry leading. But just as important as the applications is the MobiData platform to
deliver, manage and charge these applications. This platform which MobiData has
developed is world class and will enable Crazy John’s to deliver great value mobile
phone applications quickly and efficiently to our customers.”
Under the terms of the agreement, MobiData will control 30% of the new venture (70%
to Crazy John’s). MobiData will have an exclusive 3 year deal with NewCo to supply
mobile applications and content, as well as its Mobile Services Hub management
platform to the venture.
Upon expiry of the three year agreement, Crazy John’s will have the option to extend
this exclusivity for a further three years, and the rights to acquire the assets of
MobiData subject to shareholder and regulatory approval. Exclusivity will apply only to
Europe, Australia and New Zealand.
Crazy John’s will be responsible for all sales and marketing, with MobiData providing
all technology integration, customisation and new product development, as well as its
existing product portfolio. MobiData will retain all its intellectual property and will have
the exclusive rights to sell any and all new products to other markets internationally.
Mobi Limited ABN 98 009 805 298
114-118 Miller Street, West Melbourne VIC 3003
t: 03 9320 6035 f: (03) 9320 6001
The Board of Mobi Ltd are excited about forming this new joint venture with Australia’s
leading independent mobile retailer. Both partners have a number of new and
innovative ideas for developing the “hot” mobile data space in the Australasian and
European market place which they believe will deliver substantial cash flows and
profits.
Fabio Pannuti, Executive Chairman of Mobi Ltd said “This joint venture with an
industry leader such as Mr Ilhan and his business is highly significant. We are not
only delighted but also honoured to have been afforded the opportunity to partner with
Crzy John’s, a proven player in the telco space.”

 

[Sweet Synergy]

Technical chart looking very nice ... breaking a channel on huge volume. Have shown weekly chart for perspective. Today is the highest vol day ever for this share. This has already retraced down to its gap in the last half hour, so my guess is it will continue to move up from here, due to the break from such a long consolidation and the momentum push behind it.

Todays news is promising ... so is the company as a whole ... as they also sell mobile service into the expanding Indian market (fastest growing market in the world I think) . I'm really a tech trader but I think worth a read up if you're into fundamentals.

Cheers

 

[UPKA]

great find guys, looks like another EGO to me, i know nothing about the company tho, but the chart certainly looks good to me!

 

[moses]

And here is the EGO chart together with the MBI chart for comparison. If the comparison proves correct, then MBI is currently on the first teeny sign of a rise on the EGO chart, which would make this stock extremely attractive indeed!

So, 4c or 5c is our first conjectural price point, making this stock a potential 5 bagger from today.

What think ye? Can anyone improve on this somewhat wishful prediction?

 

[UPKA]

And here is the EGO chart together with the MBI chart for comparison. If the comparison proves correct, then MBI is currently on the first teeny sign of a rise on the EGO chart, which would make this stock extremely attractive indeed!
So, 4c or 5c is our first conjectural price point, making this stock a potential 5 bagger from today.
What think ye? Can anyone improve on this somewhat wishful prediction?

Hi moses, its hard to set a price on this sort of stock, without some sort of valuation done. I had a very conservative value of 2c on EGO when it was still trading below 1c, and the market decided to push it all the way up to 6c. the reason of the sharp rises in SP not because its still undervalued at 6c, bt the lack of sellers. As soon as the sellers come back in, it got knocked down to where we r today. And most importantly, EGO was expecting a drill result from Canning Basin, I dunno if MBI is expecting any price sensitive annoucements in the short term.

 

[Pommiegranite]

Hi moses, its hard to set a price on this sort of stock, without some sort of valuation done. I had a very conservative value of 2c on EGO when it was still trading below 1c, and the market decided to push it all the way up to 6c. the reason of the sharp rises in SP not because its still undervalued at 6c, bt the lack of sellers. As soon as the sellers come back in, it got knocked down to where we r today. And most importantly, EGO was expecting a drill result from Canning Basin, I dunno if MBI is expecting any price sensitive annoucements in the short term.

You don't get any more price sensitive than the one announced today!!!

A 30% interest JV with Crazy Johns.

The real kicker is that CJs provides a 3 year sales contract with NewCo with option to extend!!!

What I wan't to know is how much this contract with NewCo is worth?

 

[doctorj]

What think ye?

I think that's a pretty blatent ramp at worst or very average analysis at best.

What does EGO have to do with a MBI aside from the fact they're both small and at one point were similar in price?

 

[Sweet Synergy]

I think that's a pretty average ramp.

What does EGO have to do with a MBI aside from the fact they're both small and at one point were similar in price?

Price is similar but the important similarities are -
They both travelled in a tight channel sideways for considerable time.
Both broke their channels with MASSIVE volume.

 

[moses]

I think that's a pretty blatent ramp at worst or very average analysis at best.

Errr..Doc, my comments were an illustrated expansion of UPKA's post. I then described my remarks as "conjectural" and "wishful" and asked what people thought, because maybe we were comparing apples with oranges. Definitely below average analysis, but hardly written in the tone of a "blatant ramp"!

 

[explod]

Errr..Doc, my comments were an illustrated expansion of UPKA's post. I then described my remarks as "conjectural" and "wishful" and asked what people thought, because maybe we were comparing apples with oranges. Definitely below average analysis, but hardly written in the tone of a "blatant ramp"!

Putting aside the technicals for a moment, if we consider the announcement today against the two companies and their potential markets this could well take off and for me is worth a small punt.

Remember.......... I have been wrong before.

 

[Pommiegranite]

Here is a link to the product suite which will be provided by the new company: http://www.mobipowered.com/

Any guesses as to how CrazyJohn's will sell these to the public?

i.e will it be installed and priced into every phone which they sell?

or would it be an add on option? possibly a free 3 month trial etc?

I looked on the website but couldn't find any pricing? CJs sell a lot of phones...so we really need to find out what the markup is for each product

 

[UPKA]

Here is a link to the product suite which will be provided by the new company: http://www.mobipowered.com/

Any guesses as to how CrazyJohn's will sell these to the public?

i.e will it be installed and priced into every phone which they sell?

or would it be an add on option? possibly a free 3 month trial etc?

I looked on the website but couldn't find any pricing? CJs sell a lot of phones...so we really need to find out what the markup is for each product

I'm guessing CJ will install the software on all phones, and charging a service fee for each use, like the contents on 3 and optus Zoo etc. the JV with CJ is important, but Mobi's development in India is even more interesting. they joint up with one of India biggest mobile providers, and mobile ownership rate there is increasing at a great pace. whats good about this sort of company is that they normally have very low development cost, so their profit margin will be high. but its a market where competitors can enter easaily as well...

 

[Pommiegranite]

I'm guessing CJ will install the software on all phones, and charging a service fee for each use, like the contents on 3 and optus Zoo etc. the JV with CJ is important, but Mobi's development in India is even more interesting. they joint up with one of India biggest mobile providers, and mobile ownership rate there is increasing at a great pace. whats good about this sort of company is that they normally have very low development cost, so their profit margin will be high. but its a market where competitors can enter easaily as well...

Instant messaging requires data transfer...so I'm wondering whether there will be any revenue through the carrier?

As for India, they are expecting $100K+ a month. Very good for cashflow in that it can fund current operations....but hardly buckets of cash for stock value improvement

 

[UPKA]

Instant messaging requires data transfer...so I'm wondering whether there will be any revenue through the carrier?

As for India, they are expecting $100K+ a month. Very good for cashflow in that it can fund current operations....but hardly buckets of cash for stock value improvement

well its still the very early stages for the company, personally i dont think there is much in the fundermentals, at the moment i'll purely base my judgements on the technical side of things. its the most traded stock on ASX today, lets see what tomorrow will bring us.

 

[Pommiegranite]

well its still the very early stages for the company, personally i dont think there is much in the fundermentals, at the moment i'll purely base my judgements on the technical side of things. its the most traded stock on ASX today, lets see what tomorrow will bring us.

Woah there...this is not a new company..they've been around since before the dotcom bubble!! Infact there SP has been at over $10 in the past!!

From a fundamental perspective:

The recent announcement that CJ is developing its own mobile network (http://tinyurl.com/2qflkq), is the real reason that this deal was struck. I wouldn't mind knowing how much the JV company will be earning in data transfer commision. CJs sell a hell of a lot of phones


From a techincal perspective:

What I like about the chart is that $0.006c seems to be a base...so downside risk is minimized. Until we see hard numbers on the contract and how CJ will be ditributing them, we won't see a major rerating, as the revenue side is an unknown.

However, having said that lets hope we can get some traders onboard to get things moving!!!

All in all, I'm very happy to be onboard at this early stage.


All the best for tomorrow.

 

[UPKA]

Woah there...this is not a new company..they've been around since before the dotcom bubble!! Infact there SP has been at over $10 in the past!!

When i mean early, i meant the Mobile platform they designed. yes the platform is ready now, but i think it'll be a while before the public starts to take on the new functions i think.

 

[viccam]

Well, very interesting read, great homework. I hope that tomorrow brings better things.
I got on @ 0.006, and couldn't believe the action today.
Must admit I didn't think that the ann was that spectacular, only because there wasn't any value put against the deal.
Potential income from the JV may be the next ann.....

 

[Pommiegranite]

Well, very interesting read, great homework. I hope that tomorrow brings better things.
I got on @ 0.006, and couldn't believe the action today.
Must admit I didn't think that the ann was that spectacular, only because there wasn't any value put against the deal.
Potential income from the JV may be the next ann.....

We still need the new JV company particulars also i.e what direction they will be taking etc etc. Hopefully the company will have another announcement for us before the end of this week.

 

[Parag0n]

I really like the fundamentals of this company, it's not a one horse races with plenty of operations in Indias mobile phone market as well as back in Australia.

To make things better they have over half a million subscribers to an online chat service which they own, so a cheap easy way to get advertising out for them. According to an earlier report, it could even be more subscribers now.

It will be very interesting to find out just how much this deal is worth to MBI, this stock needs to be re-rated and it may happen now as in a couple of weeks according to the General meeting news release from MBI they are doing a 25:1 share consolidation.

 

[Parag0n]

Did some searching and found a few articles about MBI and the recent company announcements, looks pretty good.

http://www.itwire.com/content/view/14212/127/

http://www.insideretailing.com.au/articles-page.aspx?articleType=ArticleView&articleId=1234