You are here

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 cuts losses as revenues halve, focus turns to India

By Iain Gilbert

Date: Friday 09 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Emerging markets-focused media company Mobile Streams turned in weakened revenues from its Argentinian operations after an "extremely challenging" trading year.
Revenues fell 47% to 3m as a result of "ongoing challenges" in the South American nation - which makes up 76% of Mobile Streams' revenue.

However the AIM-listed firm successfully narrowed its losses 39% in the year ended 30 June to 391,000, as administrative costs were cut 34% to 1.7m, while marketing costs were narrowed 17% to 638,000.

Losses per share improved to 1p from the 2.62p turned in a year earlier.

Chief executive Simon Buckingham, said: "We announced that trading conditions in Argentina were extremely challenging in the year under review as a result of macroeconomic conditions and regulation in the local market for mobile content subscriptions."

"These conditions are continuing but we are confident that our strong relationship with our carrier billing partner, which remains very supportive of our business, will enable us to manage this."

He is now focused on two main objectives: growing the subscriber base in India in order to increase revenue and establish new partnerships with key companies in the market.

Amid fierce competition but growing gaming revenue in the Indian telecom's industry, Mobile Streams has turned its focus towards working with "operators with stable operations" to provide greater opportunity for future returns. "While this has resulted in lower revenues than hoped for at the start of the financial year, recent performance in particular indicates grounds for optimism in 2019."

Looking ahead to the remainder of the current financial year and beyond, Buckingham said the primary objective is to increase revenues, while maintaining positive margin, in India and Argentina.

"The board retains the belief that India remains the largest opportunity for the company to deliver growth in shareholder returns while acknowledging there is scope to look at similar markets in the region to maximise the potential of its services."

At the end of its trading year, Mobile Streams had a cash balance of 1m and no debt.

As of 1000 GMT, Mobile Streams shares had tumbled 21.97% to 0.72p.

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

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Income
Not Available
Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
P/E
Not Available
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

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