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Pin to quick picksMobile Streams Share News (MOS)

Share Price Information for Mobile Streams (MOS)

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Share Price: 0.0375
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Mobile Streams issues profit warning, shares plunge

Wed, 29th Jan 2014 08:50

Shares in Mobile Streams plunged on Wednesday after the group issued a profit warning on the back of a decline in the value of the Argentine peso. The share price lost over a third of its value after the group, which provides technology and services for the publication of content, warned the currency devaluation meant it was no longer expected to meet market expectations for the year ending June 30th 2014. The company said revenue for the six months ended December 31st climbed to around £27m from £23.7m in the comparative period a year earlier, up 14% in sterling and 28% in pesos. Over 95% of earnings were derived from the Mobile Internet segment with the sale of content directly to consumers. The increased revenue was insufficient to offset both higher marketing expenditures and adverse currency movements, and as such the group anticipates a reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) for the full-year. Chief Executive Officer Simon Buckingham said: "The performance of Mobile Streams once again continued to improve with growth in revenues and cash. This was driven primarily by solid growth of around 50% in the company's Mobile Internet active subscriber base in the Latin America region, which surpassed 4m."However, due to the recent devaluation of the Argentine Peso subsequent to the end of the reporting period, the company does not currently expect that it will meet market expectations for the full year ending June 30th 2014. Once the currency situation has stabilised, the company will provide further guidance to the market."The company pointed to a more than doubling of net cash at the period end to £4.6m (December 31st 2012: £2m), of which 20% was located outside of Argentina. The group said that it continued to look at the "most effective" way of moving cash out of the country to mitigate the effect of the strict rules imposed on companies in Argentina two years ago. The rules were made to give it greater control over the foreign exchange market and as such increased the difficulty of repatriation of funds from Argentina to related companies. The share price plunged 34.77% to 41.75p by 09:25 Wednesday. NR
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12 Dec 2023 10:01

Mobile Streams expands into Mexico as buys stake in Capital Media

(Alliance News) - Mobile Streams PLC on Tuesday said it will be expanding its publishing, betting and media ownership operations in Mexico through the acquisition of Capital Media Sports SA.

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13 Jul 2023 16:55

IN BRIEF: Mobile Streams thinks Bitso link offers powerful combination

Mobile Streams PLC - London-based mobile content provider - Highlights comments made by commercial partner, Bitso. On June 7, the company said it had signed an exclusive commercial partnership with Bitso, a crypto financial services company based in Latin America. Under the one-year partnership, Mobile Streams will offer Bitso the opportunity to promote all Mobile Stream non-fungible token products from its licences and create joint NFT collections.

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13 Jul 2023 09:58

Mobile Streams enters partnership with Bitso

(Sharecast News) - Mobile Streams announced an exclusive business partnership with Bitso - a Latin American financial services company - on Thursday.

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20 Jun 2023 12:19

IN BRIEF: Mobile Streams signs Mexican artist to sporting art division

Mobile Streams - London-based mobile content provider - Says it has launched a "sporting Art" division, signing Mexican artist Cesar Menchaca. Adds that under the deal it can produce versions of selected art from the Menchaca studio which link to his real art pieces. Says it will pay royalties to the studio, as well as a revenue share for Menchaca NFT's sold.

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7 Jun 2023 16:57

LONDON MARKET CLOSE: Stocks dip after surprise hike by Bank of Canada

(Alliance News) - Stocks in London closed on a cautious note on Wednesday after a surprise rate hike from the Bank of Canada revived fears that interest rates around the world will stay higher for longer.

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7 Jun 2023 15:19

Mobile Streams signs exclusive commercial partnership with Bitso

(Alliance News) - Mobile Streams PLC on Wednesday said it has signed an exclusive commercial partnership with Bitso.

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30 May 2023 18:41

IN BRIEF: Mobile Streams extends NFT contract with La Liga's Cadiz

Mobile Streams PLC - London-based mobile content provider - Signs upgraded and extended contract with La Liga football club Cadiz, further to the agreement announced in January, relating to the exclusive provision of NFT products. This subsequent agreement, at no additional cost to the company, extends the 5-year contract length by 6 months noting that no NFTs or related products have been launched to date.

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27 Mar 2023 16:49

IN BRIEF: Mobile Streams half year loss widens on administrative costs

Mobile Streams PLC - London-based mobile content provider - Reports revenue of GBP1.1 million in the six months ended December 31, up from GBP281,000 year-on-year. Notes that all revenue is from continuing operations, and mainly from the strategic partnership and contract with International Gaming Systems. However pretax loss widens to GBP1.2 million from GBP640,000. Administrative expenses rise to GBP1.6 million from GBP690,000.

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1 Mar 2023 15:21

TRADING UPDATES: Accrol deal with Unilever; Harland & Wolff optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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24 Jan 2023 15:46

UK shareholder meetings calendar - next 7 days

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Infrastructure India PLCAGM
Lowland Investment Co PLCAGM
Majedie Investments PLCAGM
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Auction Technology Group PLCAGM
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Henderson European Focus Trust PLCAGM
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Henderson Far East Income LtdAGM
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NB Global Monthly Income Fund LtdEGM re proposed managed wind-down
On The Beach Group PLCAGM
Pathfinder Minerals PLCGM re capital raise
Serica Energy PLCGM re consideration shares approval
Treatt PLCAGM
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Contango Holdings PLCAGM
Hollywood Bowl Group PLCAGM
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Webis Holdings PLCAGM
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Mobile Streams PLCAGM
Residential Secure Income PLCAGM (TBC)
Star Phoenix Group LtdGM re removal and appointment of auditor
Team PLCAGM
Yamana Gold IncSGM re transaction with Agnico Eagle Mines Ltd and Pan American Silver Corp
Zamaz PLCAGM
  
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11 Jan 2023 12:35

Mobile Streams wins NFT contract with La Liga football club Cadiz CF

(Alliance News) - Mobile Streams PLC on Wednesday said it has signed a five year contract to be the exclusive provider of non-fungible tokens for La Liga football club Cadiz Club de Futbol.

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30 Dec 2022 13:32

LONDON MARKET CLOSE: FTSE 100 ends lower but holds ground in 2022

(Alliance News) - Stock prices in London finished the year on a lacklustre note on Friday, but the FTSE 100 was standing strong in comparison to similar stock measures elsewhere.

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30 Dec 2022 12:29

Mobile Streams loss widens due to non-recurring charges, bad debt

(Alliance News) - Mobile Streams PLC on Friday said annual loss widened despite revenue multiplying, due to non-recurring charges including bad debt.

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23 Dec 2022 13:36

Mobile Streams expecting to publish accounts by year-end

(Sharecast News) - Mobile content and data intelligence specialist Mobile Streams updated the market on the progress of the audit, and the expected date of its audited results, for the year ended 30 June on Friday.

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23 Dec 2022 10:46

Mobile Streams shares drop on delayed results; expects by December 30

(Alliance News) - Mobile Streams PLC on Friday said the audit of its results for the year to June 30 is "taking longer than anticipated".

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