AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
_06_20_2025_02_57_35_613912.jpg)
Mobecom Limited (ASX:MBM) offers consumer engagement technology which provide solutions related to technology for the businesses. The Companyâs airBux, is a digital currency platform which offers liquidity for loyalty. MBMâs other product is Paid by coins, a safe payment solution for the customers. The company also provide B2B solutions based on its airBux technology which offers an end-to-end consumer engagement technology requirements which consists of back-end and front-end technology.
The company, on 19 March 2019, updated that it has signed an agreement with Liquor City to implement a number of its customer engagement technology solutions across Liquor Cityâs 280 retail outlets and to implement an e-Commerce platform. The Company anticipates that this new agreement will contribute to the companyâs contracted recurring revenues in South Africa CY 2019 by circa 12%. The deal also presents a further revenue earning opportunity for the company, based on orders placed by Liquor City consumers, through the e-Commerce platform and future mobile ordering apps.
With this new agreement with Liquor City in South Africa now in place, the management continues to grow the companyâs recurring contracted revenue, that compliments the now growing direct to consumer revenue from ordering and purchasing through Paid by Coins and airBux. The management is pleased to have successfully continued to complete, and deliver agreements that validate the development of Mobecomâs digital solutions. The successful deployment of the companyâs technology for other clients in South Africa including Vodacom and Spur has been seamless, and the management is confident of winning new businesses after the success of this new agreement. Collectively, these clients provide the opportunity for the company to generate substantial new revenues within the next eighteen months. The management expects a significant boost to recurring contracted revenues, and strong potential to generate significant recurring fees, based on increasing transaction volumes and a growing subscriber base.
Liquor City is a privately owned retailer and liquor franchisor, headquartered in Johannesburg, with 150 owned and over 200 franchise outlets. The company is a well-established and recognised brand in South Africa that has been in operation for the past 20 years. In its early days, it specialised in providing imported brands that were not readily available at competitive outlets. With an attitude of the accountable liquor trade, the company continues to expand throughout the South African region. This was initially a family business. However, in 2008, the company decided to expand into the franchising/licensing pitch.
Recently, the company released its half-yearly financial report and notified about its upcoming general meeting.
On the price-performance front, the stock has posted the YTD return of -12%. The company also has posted returns of -8.33% over the past three months. By the end of the trading session(as on 19 March 2019), the stock of the company stood at a price of A$0.10, down 9.091% from the previous close, with a market capitalisation of ~A$ 24.48 Mn. The stock opened the day at A$ 0.100 and has been trading at the same levels throughout the trading session, with an average daily volume of ~ 14,000. It had a 52-week high price of A$0.280 and a 52- weeks low price of A$0.095, with an average volume of 147,007 approximately.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
