Re: RNS - media speculation ummmm... interesting JakNife .......do you have anymore details re main directorconnected partyscontradictions ???SAGE
Re: RNS - media speculation The market should rightly crush the share price. There are massive red flags hanging around the company including:* past history of main director * dubious connected party transactions* industry data that contradicts the company's claimed user base/user numbersThe company has already burnt through masses of cash and now it comes with a begging bowl to raise more!!?!? STRONG SELL
Re: RNS - media speculation ....yes tiptoppunter.....I feel this is a very timely RNS and admission of fund raise plan, AND HOW funds will be used.......all actually very positive in gesture, planning, outlook, and growth potentialSAGE
RNS - media speculation Unsure how the market will react to this proposed strategic placing but good long term wrt acquisition. Just hope that the price will be right.
Myanmar The country has 25m smartphone users. MySquar apparenlty has 7.6m users, so they have managed to get into 30.4% of all smart phones in Myanmar....
Good point ! ....good thinking Easybrent....DYORDOOR (our)SAGE
Background check I have kept a half eye on MySquar, and many of their RNS are fairly impressive. Maybe not the daily revenue number, as its still pretty low.What is more impressive is the number of users they claim to have, +7m or something and how popular their various apps are.Have anyone been able to confirm these number by looking download list for apps in Myanmar etc?
New Product Launch - Mingalar Mingalar (www.mingalarbarmorning.com), whichis designed to be used with both desktop and mobile devices.MySQUARrecognisedthere is a lack of comprehensive local language news sources in Myanmar and has built its own news portal to close this gap. Tiptop
Plenty to chew on here.... 4 July 2017 MySQUAR Limited ("MySQUAR" or the "Company) MySQUAR Achieves Run Rate Operating Breakeven MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is excited to announce that the business has reached a very significant milestone of achieving run rate operating breakeven. The Company continues to make significant progress in achieving its monetisation targets. During the last few days of June 2017, the average daily revenue reached approximately USD 8,500, an increase of 21.4% from an average of USD 7,000 in early June 2017 and an increase of 54.5% from an average of c. USD 5,500 for the whole of May 2017 (the average daily revenue for all of June was c. USD 7,200, a 30.9% increase on May 2017). The majority of current daily revenue continues to be generated from gaming and mobile payment application development services. The growth in average daily revenue exhibited between May and June was principally as a result of growth in gaming revenue and in app premium content. The Company anticipates that going forward in-app premium content purchases will represent an increasing proportion of the Company's revenue. Eric Schaer, CEO of MySQUAR, said: "This is a remarkable finish to the fiscal year end 2017 as the Company's revenue has steadily grown and we have met our target of achieving operating run rate breakeven. We are very pleased that our divisions across games and apps have established a solid reputation from consistently releasing new titles and features that are in the top downloads in Myanmar, and that premium content within our apps is steadily gaining popularity. We look forward to the upcoming fiscal year 2018, during which the Company will continue to enhance its product lines and increase market share while maintaining a focus on achieving monetisation targets." SAGE
Re: leaky leaky numbers reached breakeven which means positive cash flow in this type of business.also a increase per month of 20% means £18k daily run rate by december thats £11k profit oer day.or £4mill per year, PE of 9, a steal on this growing business.
RNS - Breakeven achieved!!! Excellent news board and the success story continues.Good share to be a part of imo.[link] Company continues to make significant progress in achieving its monetisation targets. During the last few days of June 2017, the average daily revenue reached approximately USD 8,500, an increase of 21.4% from an average of USD 7,000 in early June 2017 and an increase of 54.5% from an average of c. USD 5,500 for the whole of May 2017 (the average daily revenue for all of June was c. USD 7,200, a 30.9% increase on May 2017)".Tiptop
Re: Bought in Sorry, must have missed it - when are the results due?
Re: Bought in Also bought in at 4.8 last week. I can see at least 1 full bag by Friday.If we see big jump in revenue don't write off 20+ as chart, fundy and sentiment align
Bought in Early last week and like what I see plus sentiment is great! Already in good profits but holding out for double digits.
Re: leaky leaky numbers I bet that they're not and that in reality the company needs to raise yet more capital with yet another dilutive equity issue. Given MYSQ's track record the odds are significantly on my side!