An investment note from Naked Trader.

I bought a few of a new issue called MoPowered (MPOW) at 97. Bit risky these new issues and buying the idea of this one rather than any money they really made yet.

Probably one of those that will either be worth double or half this year. I like the idea behind MoPowered, ensuring commercial websites are compatible and work well with mobiles.

Given more and more spending is done on mobiles it surely seems like one that could succeed. However it is definitely risky so small stakes only for me for now. Or until there are firm profits coming through.

On Monday this week it said it had added 27 new clients in a couple of months, more than expected. If it keeps winning clients and can turn that into profit streams shares could have a good year. However of course one negative statement would send it tumbling, it is a risky one.

Another tech wreck.

From 100p to 5p within a year.

StockMarketWire.com
Losses at MoPowered Group increased in the year ended 31 December 2014.

The company, which enables its clients, retail merchants, to benefit from the growth opportunities arising from the increasing levels of mobile commerce activity now that a significant proportion of internet traffic is driven through smartphone devices, made an operating loss of £5.5m (2013 loss: £3.6m).

Revenue was £1.1m (2013: £1.0m) and the loss after tax for the year was £5.2m (2013 loss: £3.6m).

The company gained 54 new clients in the period and in October placed 70m ordinary shares at 5p each to raise £3.5m (before expenses).

A cost reduction programme has been implemented.

Top performer well done all connections.

Hmmmmm......I'm not a holder and never have been, but 'well done' might be a bit hollow if holders have been in for a while. I can't see anyone buying in recently as the news gets worse every RNS, but maybe I'm wrong!