MOMO picks up momentum with mobile phones results just out

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8th Mar '17 by lightningtiger

3 comments 4710 reads

MOMO has just released Q4 results :-
Revenues up 524% to $246.1M
Net income up from $6.1M to $83.6M
Active monthly users up from 69.8M to 81.1M
Figures from Thomson Reuters
Mobile games have increased by 45%
At least this is undervalued compared with SNAP which is overvalued according to Vector Vest. Good to check the charts with Stockopedia.

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About the Author

Lightningtiger

Premium Member

700 club gold member. Anniversary yesterday 1/10/2013. Recently returned from New York with a wish to see Wall Street for myself as a bit of a satisfying accomplishment. I first got interested in investments when I was a financial advisor for 14 years. I learned a lot & went to quite a few investment seminars. The one I remember particularly was with Fidelity. They visited the companies that they invested in and held them for a long duration in their portfolios. The other thing was with different currencies that they could buy a particular stock with and of course sell it if it was favourable with another currency. This was potentially more risky of course. It was not long before I realised that all the money from the insurance premiums had to be invested and who was doing it. We used to sell investment bonds where 5% was allowed to be taken tax free once a year on the anniversary of the policy which could run for 20 years.There was a choice of Managed, Property, or Equity to invest into. It was at this point of time that the Property fund went up 40% in less than a year. A simple comparison with the Managed and Equity funds showed the difference. I was soon taking a keen interest in unit trusts and shares, looking for things that were going up and the highest that they had been and bought them. I bought a software package with Up-data which enabled me to be much more efficient, putting stop losses in. Drummed into my head was cut your losses and sell when a stock breached the stop loss and let the profits run. Another stepping stone was to buy myself a Rolls Royce silver shadow that was chestnut brown in colour. The reasons were threefold. 1. That I could afford it. 2. The two managers for the insurance company that I was working for were called Douglas & Rolls. 3. I was still single. As well as doing the insurance business I joined an investment club in Basingstoke and became their chairman. We closed it this year sadly because of ill health with some of the members. Now I have a portfolio that I am able to take out (if & when I want to some cash) just like the insurance bonds but much more flexible. I enjoy the technology stocks and have taken profits several times from Arm Holdings which is the only share that I have held for many years now. Having just got this Stockopedia yesterday (first saw it at an investment seminar in London earlier this year) when I noticed Dart Group (DTG) so that is now in my portfolio too. I suppose you could say I am an analyst & a chartist. It was good to see my portfolio already has Globo, , Blinks, Clingen ,Dart, Wanddisco, opay,Easyjet ,LLoyds Arm Telicom Plus(which has doubled and a bit more but then started to drop so I have just sold almost half and re invested the proceeds into ASOS.) In conclusion I hold about 20 shares, and have just INCREASED my holdings in Globo about two weeks ago, and noticed someone has reduced their holding with Globo to 3%.I hope they are not still holding the poor pawnbroker shares (guess who) -40% in one day followed by further catastrophic drop. A good case for a stoploss . Join the 700 club and put some money to work I say. more »

3 comments

lightningtiger

8th Mar '17

The potential for this share is huge. Every second the internet has approximately 6,000 tweets and more than 40,000 Google queries as well as more than 2 million emails are sent. Figures from the 700 club magazine.

MOMO has a stock momentum 99 & rank of 45

Up today 12.5% @ $33.75

lightningtiger

10th Apr '17

An update today cutting new highs to $37.95 at the time of writing, that's up another $3 or 8.7%. StockRank now 66 Momentum 99, Growth 97.

From the new charts you can see it has gone from about $20 in Jan 2017.

lightningtiger

17th May '17

A further update today 17/5/17 with an average volume of trades standing at $5.74BN yesterday saw an increase number of trades hitting $11.3 BN. Share price now $43.82 at another all time high.

Stocopedia Rank 63,Momentum still 99, Growth 97.
Classified as Adventures Large cap High Flyer..
According to the figures of Vector Vest, it's still undervalued and a staggering sales growth of 524%.
It would be interesting to see any other High Flyer from Stockopedia with a sales growth that high.
Meanwhile the 50 day MA is still showing excellent support levels.

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MOMO picks up momentum with mobile phones results just out

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About the Author

Lightningtiger

3 comments

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