MNW - Mint Payments

[piggybank]

Surprised to find no thread already started on this forum given the publicity this stock has had on other forums...

Up 30%+ today - A 6 bagger since 20th August - good luck to those who got in early......

 

[pavilion103]

Re: MNW - Mint Wireless Limited

Continues to move. High of 37.5 cents this morning.

I had it at 10c, sold at 18c after the trading halt.

Wished I hadn't! Will consider it if there is another good reentry opportunity!

 

[pavilion103]

Reached 40.5c this morning.

 

[VSntchr]

Re: MNW - Mint Wireless

Reached 40.5c this morning.

Try another 10% now

Tipping comp is exciting this month and lookout SKC! IM COMING FOR YOU!!!!

I thought I was late coming in at 17c..!
Too bad I only picked it in the comp and didn't throw a cent at it!

 

[prawn_86]

Re: MNW - Mint Wireless

What do these guys actually do? What is their profit/cash flow?

Be wary of a pump and dump if it is in the top post sections of other forums...

 

[McLovin]

Re: MNW - Mint Wireless

What do these guys actually do? What is their profit/cash flow?

Be wary of a pump and dump if it is in the top post sections of other forums...

There biggest source of revenue was a $578k (yes thousand not million) R&D grant...Revenue from actually selling stuff was $375k...And they've got a ~$150m (yes million not thousand) market cap.

I'm sure over on the other forum people are wetting their pants and extrapolating to the moon the contract they have with MYOB. I note that the announcements were very thin on detail.

There's a lot of blue sky in this.

 

[VSntchr]

Re: MNW - Mint Wireless

There biggest source of revenue was a $578k (yes thousand not million) R&D grant...Revenue from actually selling stuff was $375k...And they've got a ~$150m (yes million not thousand) market cap.

I'm sure over on the other forum people are wetting their pants and extrapolating to the moon the contract they have with MYOB. I note that the announcements were very thin on detail.

There's a lot of blue sky in this.

It's all about the future though guys
Agree that its priced like a website in 2001, but Im hoping it keeps going so I can take the crown this month!

It has a market cap bigger than AHZ now..which has just as exciting (if not more exciting) future prospects...plus it is actually making sales already...
I'd be very careful investing in anything in the mobile/wireless/digital space at the moment...it's resembling '01 thats for sure!

 

[skc]

Re: MNW - Mint Wireless

I'd be very careful investing in anything in the mobile/wireless/digital space at the moment...it's resembling '01 thats for sure!

Agree. Quite a few of these running very hard. MNW, MBE, NNW, TUP and MWR. MBE and MWR are actually profit making with decent growth, but the run makes them very hard to buy.

 

[Country Lad]

Re: MNW - Mint Wireless

.............. but the run makes them very hard to buy.

Yep and day after day I kick myself.

 

[pavilion103]

Being a shorter term trader, if the setup is there I simply take it. When my exit is triggered I'm out. I've found it's easy to miss out on a lot of profit by thinking that it's going up too much!

Risk management first of course!

 

[milsnips]

Re: MNW - Mint Wireless

Any thoughts on this one? I've noticed the last few announcements of change in holdings ( purchases) by a company which seems to be a mobile phone distributor, don't know how they fit into there picture.

 

[DJG]

Re: MNW - Mint Wireless

The following may be of interest from the RBA website:

The Way We Pay: Now and in the Future
The Changing Way We Pay: Trends in Consumer Payments

And the complete paper (quite long) that goes with it here​.

 

[robusta]

Re: MNW - Mint Wireless

These guys seem to be growing nicely.
http://www.asx.com.au/asxpdf/20140716/pdf/42qv8vz10d8n56.pdf

 

[McCoy Pauley]

Re: MNW - Mint Wireless

They need to in order to survive the imminent crashing down of the 600lb gorillas from overseas. Paypal and Google are the players that could squash MNW if they turned their minds to it but (to mix my metaphors) if MNW can be as nimble as the proverbial mouse, they can dodge the elephant.

 

[Guardian2014]

Re: MNW - Mint Wireless

Any more thoughts on MNW??
IS it near the bottom or will it keep crashing?

 

[nmit5903]

Re: MNW - Mint Wireless

Priced to disappoint in the absence of any guidance. Canaccord and Ords issued some research pointing to $11.5m in revenue and $1.5m EBITDA for 2014/15, based on 37,000 subscribers and with a price target of 44-45 cents.

Paradice bought in hard and pushed it to 44c before changing their mind and pulling out just as quickly (see announcement yesterday that no longer a significant shareholder although presumably still hold enough stock to push it down further).

Signs point to a return to sub 10 cents in the absence of some proper guidance from the Board. Crunch time will be the Sept qtrly cash report. If they cant show a significant ramp up in revenues to accompany the ramp up in costs, anyones guess where it will end up. If they meet forecast and can show the hoped for ramp up in subscribers, just as likely to see it at a $ based on analyst reports issued to date.

 

[skc]

Re: MNW - Mint Wireless

Agree. Quite a few of these running very hard. MNW, MBE, NNW, TUP and MWR. MBE and MWR are actually profit making with decent growth, but the run makes them very hard to buy.

1 year on, the 12-month returns on these names have been pretty mixed.

MNW -78.8%
MBE -4%
NNW -22%
TUP +93%
MWR -27%

 

[VSntchr]

Re: MNW - Mint Wireless

1 year on, the 12-month returns on these names have been pretty mixed.

MNW -78.8%
MBE -4%
NNW -22%
TUP +93%
MWR -27%

I read the MNW ann this morning and also had a look at the recent SP performance...couldn't believe how fast this one has come back down to earth.

The ann. had some interesting comments about the share price performance, my thinking was that they should be focusing on the business, not worrying about the way speculators are moving the share price...but I guess when your stock goes from 40c+ down to sub 10c you've got a lot of disgruntled punters emailing the directors. The CEO getting the boot is indicative of the pressure they must be under at the moment

 

[skc]

Re: MNW - Mint Wireless

I read the MNW ann this morning and also had a look at the recent SP performance...couldn't believe how fast this one has come back down to earth.

The ann. had some interesting comments about the share price performance, my thinking was that they should be focusing on the business, not worrying about the way speculators are moving the share price...but I guess when your stock goes from 40c+ down to sub 10c you've got a lot of disgruntled punters emailing the directors. The CEO getting the boot is indicative of the pressure they must be under at the moment

Yes... I read the announcement but didn't fully understand the business development side of things on whether it was negative or positive. But the fact that they put the good news first, and the bad news (i.e. CEO departure) later indicated to me that they were clutching for any bit of positives.

Anyhow, with copmanies like MNW, you never know wehther you are buying the next paypal or the next Dot.Bust. A difficult game.

 

[nmit5903]

Re: MNW - Mint Wireless

Far from it.

The CEO was new and not adding value. Better to cut early and with Alex Theo back at the helm on a day to day basis, things will start to happen.

Another client signed up yesterday - AUSCABS and I dare say there will be a flurry of new clients as they gain traction.

Dobrani obviously like it having raised their stake to 10.5% at up to 15c per share.

I continue to hold and have great confidence in the Theo's and team to start generating income and get to breakeven quite quickly. Whether that occurs this year remains to be seen but Rome was not built in a day.

The Board seems to now have the message re transparency and continuous disclosure which will rebuild shareholder confidence.