MKB – Moko Social Media Limited

Moko Social Media Limited (ASX:MKB) is a business operating in the mobile apps space which generates revenue from customers in the USA. Moko is planning to dual-list on the NASDAQ in April to expand further. I believe the company is undertaking an investor road show this week in Sydney and Melbourne which should generate some new interest. We took a buy on this on Thursday after it bounced off the longer term trend line.

11 February
Sold 1/3 at 24 cents (+2.5 cents or +11.6%) to reduce risk and lower average of remaining 2/3rds. Hold rest now for target area.

25 February

Sells remaining 2/3 at 23 cents. Cost after 1/3 sell from 11 February = 20.65 cents. So, +2.35 cents or +11.3% on what was the remainder of capital in the trade. Gave it every chance.

This article is published by Dean Mico.

Disclosure: The Edge Fund has taken a trading position in Moko Social Media.

The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person, nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein.

Book Your Free Appointment
Simply fill in and submit the appointment booking form and Dean will be in contact with you shortly!