Analyst Research Report Snapshot

Title:

MOBILE EMBRACE - EMBRACING THE WORLD

Price:

$10.00

Provider:

Edison Investment Research

Date:

25 Feb 2014

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MBE.AX

Available for Immediate Download
Summary:

Following on from November’s US launch of Convey, its m-payments business, with a test and learn phase on the Sprint mobile carrier network, Mobile Embrace is in implementation with a US connectivity partner for broad mobile carrier reach. In December, a partnership with SingTel was launched, with the potential to be rolled out from Singapore to other SingTel markets, such as Indonesia, Thailand and the Philippines. H114 results showed revenues ahead 65% and EBITDA moving strongly ahead, the group having moved into profit in FY13. Mobile Embrace is valued at 5.8x trailing 12-month sales, in line with the average of global growth-phase mobile tech stocks, but has quality partnerships that should drive premium revenue growth.

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