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Mobile Tornado – results blown off course by deployment delays

By Steve Moore | Friday 3 January 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


September-announced half-year results from “provider of instant communication mobile applications to the enterprise market” Mobile Tornado (MBT) included Chairman Jeremy Fenn emphasising “we have competed against major players in the PTT space in highly complex tenders, and won… I have no doubt that the significantly enhanced credibility we have gained has put us in a strong position as we engage with similar organisations… In Israel, we have a strong pipeline of new deals which we are confident will be developed further as the IDEN shutdown approaches at the end of the current calendar year”. Now “Full Year Trading Update”

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