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Pin to quick picksMobile Streams Share News (MOS)

Share Price Information for Mobile Streams (MOS)

London Stock Exchange
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Share Price: 0.0425
Bid: 0.04
Ask: 0.045
Change: -0.0025 (-5.56%)
Spread: 0.005 (12.50%)
Open: 0.045
High: 0.045
Low: 0.0425
Prev. Close: 0.045
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Mobile Streams boss halves pay as part of cost-cutting exercise

Fri, 12th Apr 2019 08:37

(Sharecast News) - Mobile content delivery outfit Mobile Streams has undertaken a "comprehensive cost-cutting exercise" and is looking at all options as its cash pile dwindles. Chief executive Simon Buckingham said: "Given the falling revenue, it was necessary to take decisive cost reduction actions. This has allowed the company to preserve and protect its remaining cash balances."The company is looking at all potential business development opportunities and other asset optimisation strategies."The cost-cutting has included a significant reduction in headcount and rationalisation of its main operating centre in Argentina as well as reducing operating expenditure in the UK, US and India.Mobile Streams' rationalisation and cost-cutting exercise has resulted in a £290,000 drop in redundancy costs and severance payments, primarily due to the long service of many employees and the severance terms of its Argentinean arm.Following payment of its severance obligations, the AIM-listed firm's cash balance stood at £219,000.Monthly operating expenses in Argentina will fall 72% year-on-year from May onwards, leading to a reduction in global operating expenses of around 62%.As part of the cost-cutting exercise, Mobile Streams' chief executive and non-executive directors volunteered a partial salary deferral of 50%.As of 0835 BST, Mobile Streams shares had climbed 6.36% to 0.18p.
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29 Mar 2018 05:04

RPT-UPDATE 1-India slashes potash subsidy by 10 pct, could hurt imports

By Rajendra Jadhav MUMBAI, March 28 (Reuters) - The Indian cabinet on Wednesday slashed subsidies for potash-based fertiliser by more than 10 percent for the next year

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28 Mar 2018 19:43

UPDATE 1-India slashes potash subsidy by 10 pct, could hurt imports

By Rajendra Jadhav MUMBAI, March 28 (Reuters) - The Indian cabinet on Wednesday slashed subsidies for potash-based fertiliser by more than 10 percent for the next year

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28 Mar 2018 16:46

HSBC Lowers Stake in Mobile Streams To 5.9% From 7.0% (ALLISS)

LONDON (Alliance News) - Mobile gaming site Mobile Streams PLC said Wednesday HSBC Holdings PLC reduced its stake in the company to 5.9% after a transaction on took its stake

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28 Mar 2018 16:03

India lowers 2018/19 subsidy for potash fertiliser by 10 pct

MUMBAI, March 28 (Reuters) - Indian cabinet on Wednesday slashed subsidies for potash-based fertiliser by more than 10 percent for the next fiscal year beginning April 1, as a

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27 Mar 2018 13:20

Mobile Streams Interim Revenue Drops, To Fall Further In Second Half

LONDON (Alliance News) - Mobile Streams PLC said on Tuesday its interim loss narrowed though revenue dropped, and added it expects second-half revenue to be lower than that in

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21 Mar 2018 10:40

UPDATE 1-Phosagro reports fall in Q4 profit, targets higher output

* EBITDA down 5 pct, revenue up 14 percent * Says optimistic on fertiliser prices (Adds CEO comment, outlook, details, share price) MOSCOW, March 21 (Reuters) -

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12 Mar 2018 11:00

RPT-FOCUS-Corn as cash: Brazil's bartering farmers raise risks for Canada's Nutrien

(Repeats with no changes to text) By Rod Nickel and Ana Mano WINNIPEG, Manitoba/SAO PAULO, March 12 (Reuters) - Taking a page from its aggressive growth in

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12 Mar 2018 05:00

FOCUS-Corn as cash: Brazil's bartering farmers raise risks for Canada's Nutrien

By Rod Nickel and Ana Mano WINNIPEG, Manitoba/SAO PAULO, March 12 (Reuters) - Taking a page from its aggressive growth strategy in the United Ltd

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26 Jan 2017 10:13

Mobile Streams First Half Trading In Line As India Subscribers Rise

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7 Dec 2016 16:09

UK Shareholder Meetings Calendar - Next 7 Days

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2 Dec 2016 10:15

Mobile Streams raises £2.2m to finance marketing in India

(ShareCast News) - Technology company Mobile Streams has raised £2.2m on an equity placing to finance marketing ambitions in India. Simon Buckingham, chief executive, said: "As a mobile technology company, it seems only fitting that 43% of subscribers on PrimaryBid did so via mobile devices.The capi

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2 Dec 2016 09:27

Mobile Streams Raises More Than Expected In Oversubscribed Placing (ALLISS)

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10 Nov 2016 10:52

Mobile Streams' shares dive as it swings to FY pre-tax loss

(ShareCast News) - Emerging markets-focused media company Mobile Streams has reversed to a full-year pre-tax loss of £0.74m, from the prior year's profit of £0.83m, causing its shares to plunge by nearly a third. This result was led by a plunge in revenues by the AIM-quoted company to £12.8m, from £

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10 Nov 2016 09:39

Mobile Streams Swings To Loss As Argentina Woes Slam Revenue

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6 Sep 2016 11:53

Mobile Streams gains popularity in India

(ShareCast News) - Mobile streams, a mobile content retailer, announced that its Indian subsidiary has reached over 50,000 active subscribers. Active subscribers are those customers who have made a purchase from the company in the past 60 days. Chief Executive Simon Buckingham, said: "This is a sig

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