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Prices & Quotes - UK Markets - Mobile Streams (MOS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 0.24p
Change Today:
-0.010p
Market Cap:
5.53m
Sector:
Mobile Telecommunications

Mobile Streams boosted by Argentine mobile wallet launch

By Duncan Ferris

Date: Friday 31 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Mobile content retailer Mobile Streams saw its shares jump on Friday after the company launched a new digital wallet for its services in Argentina.
The firm said that the secure payment system has been developed by one of the continent's most prolific online retailers and will allow for the diversification of payment options for its 3.0m subscribers in Argentina.

Customers will be able to pay for products using their mobile device, providing means for the AIM-traded company to generate extra revenue.

Simon Buckingham, chief executive of Mobile Streams said: "We are delighted to partner launch the new digital wallet on mobilegaming.com. While Argentina is a challenging market at this moment it remains an attractive market with growing smartphone ownership. We believe that the launch of the digital wallet on our stores is an important step in growing our subscriber base and increasing revenue."

According to research from Worldpay, Argentina's eCommerce market is expected to more than double over the next five years, making it one of the world's fastest growing markets.

Meanwhile, mCommerce in the country is estimated to be worth $6.5bn by 2021.

Mobile Streams' shares were up 7.32% at 1.10p at 1047 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Mobile Streams Market Data

Currency UK Pounds
Price 0.24p
Change Today -0.010p
52 Week High 0.44p
52 Week Low 0.20p
Volume 15,758,392
Shares Issued 2,354.55m
Market Cap 5.53m

Performance Indicators

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Mobile Streams Dividends

No dividends found

Trades for 30-Jul-2021

Time Volume / Share Price
16:28 3,333,300 @ 0.24p
14:38 900 @ 0.23p
14:01 336,813 @ 0.23p
13:32 343,507 @ 0.24p
12:31 650,000 @ 0.24p

Mobile Streams Key Personnel

CEO Mark Alexander Epstein
Finance Director Rama Uthayanan