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  • BY: Andrew Hore |
  • POSTED: 24/11/2014 |

Mobile commerce transactions software provider MoPowered Group is still finding client wins hard to come by and revenues will be lower than expected.

The share price fell 1.75p to 5.5p new all time low. MoPowered is valued at 4.89m. MoPowered raised 3.64m, or 2.9m net of expenses, at 100p a share when it joined AIM a year ago and in September it raised 3.5m at 5p a share.

MoPowered has won 17 new clients in the second half but this will not be enough to produce the forecast second half revenues of 1.6m. Further cost savings are required.

Richard Gordon has been appointed as finance director.

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