Previously writing on Mi-Pay Group (MPAY) as the shares fell below 8p in August, I noted current half uncertainty and financial concerns and retained the stance of when I previously wrote on it, as the shares slid below 15p just under two years ago; avoid. Now intra-day, 3pm, “Proposed disposal and cancellation”. Uh oh…
Self-styled “leading provider of outsourced digital transformation and mobile payment solutions” Mi-Pay Group (MPAY) has updated including “trading for the first half of 2019 was broadly in line with management's expectations… two major contracts were renewed with clients representing 43% of the 2018 revenue during the period and strong operational metrics were delivered”… The shares are currently approaching 20% lower, below 8p. Hmmm…
Describing itself as “a leading provider of digital transformation and mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators”, Mi-Pay (MPAY) “is pleased to present its unaudited interim results for the six months ended 30 June 2017”. The shares have responded to, er, sub 15p - approaching 20% lower!...
