Maybe the time has finally come.I have a very good feeling about...

Maybe the time has finally come.

I have a very good feeling about all this.

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TIM BOREHAM THE AUSTRALIAN FEBRUARY 22, 2014 12:00AM

Motopia (MOT) 0.1c

YOUR columnist is putting vital appendages on the line here with a spec buy call on a tech play that’s trading at the minimum allowable level for an ASX stock.

We don’t profess to be full bottle on this one, but there’s a je ne sais quoi about Motopia’s business model.

Motopia houses CU2 Global, which has the global rights to systems that migrate Microsoft Access data to Microsoft’s SQL (cloud) servers.

While other products achieve this result, CU2 claims 95 per cent automated conversion compared with the more typical 5-20 per cent.

Motopia says that a “reasonably complex” Access database can take five to six months to convert manually. But this timeline can be compressed to as little as two to three weeks’ work.

Motopia cites a typical conversion that would take 5000 manual hours to convert at a cost of $825,000. With 2SQL, the job can be done in roughly 170 hours at a cost of $685,000.

In other words, a no-brainer. But so was the Y2K bug, which saw blue chips spending billions for results no better than Kazakhstani companies that spent nothing.

Motopia claims its “silver bullet” technology will deliver $2m revenue within a year and at least $6m by year two.

It’s an intriguing one, especially as other tech specs have flown from a couple of cents to quasi respectable levels.

Given there’s little downside - apart from doing your dough altogether - Motopia is a spec buy.

http://www.theaustralian.com.au/business/wealth/seymour-steps-out-of-the-shade/story-e6frgac6-1226834090499