There is a very good article covering MKB on page 30 in today's Herald Sun. It recommends the company as a speculative buy from current levels. I liked this part of the article which really explains the model clearly:
"The idea is to combine some of the social aspects of Facebook with the practical aspects of college life, ranging from timetables to sporting and cultural events. From the college point of view, having an individually tailored application that can reach its entire student population instantly is a dream come true.It means they can change venues at a moment’s notice,communicate with students in real time and ensure that only appropriate messages are communicated.The plus for Moko is that it owns the platform and can profit by placing appropriate advertising on the mobile pages. So a pizza shop that wants to offer a two-for-one deal on a slow night could advertise the deal specifically for the local college population."
MKB Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held