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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: 0.0425
Bid: 0.04
Ask: 0.045
Change: -0.0025 (-5.56%)
Spread: 0.005 (12.50%)
Open: 0.045
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Low: 0.0425
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TRADING UPDATES: Amigo heads to vote; UniVision court date pushed back

Tue, 15th Mar 2022 17:18

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

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Amigo Holdings PLC- guarantor loans provider - Says high court grants order that schemes of arrangement can proceed to a creditor vote. "The road ahead is not easy, but we are on the right track and today's court decision is another step forward," says Chief Executive Gary Jennison. Creditors' meeting to be held in May and, if they vote for the scheme, the court sanction hearing is expected to be held later that month. Scheme is being proposed to settle claims following probes from UK regulators into mis-sold loans and the way that Amigo dealt with customer complaints. Jennison says "significant hurdles remain". Adds: "We are pleased that the court has agreed that the schemes can proceed to a creditor vote. The financial offer has been significantly improved and we will be doing everything we can to encourage creditor participation."

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Digital 9 Infrastructure PLC - London-based digital infrastructure investor - Signs new GBP300 million revolving credit facility with an international syndicate of four banks including the Royal Bank of Scotland International Ltd, DNB Ltd, Royal Bank of Canada and Banco Santander. "Triple Point Investment Management LLP, the group's investment manager, continues to identify attractive investment opportunities for the company's portfolio. The new RCF will provide the group with additional committed capital, to help finance the acquisition of further investments from its near-term pipeline. The investment manager remains focused on converting its pipeline of about GBP2 billion of potential assets," company says.

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Aptitude Software Group PLC - London-based finance transformation and automation software - Decides to further increase investment in product strategy in 2022 and 2023, though warns this is expected to "dampen short term profitability". "The board believes this accelerated strategic investment will create longer term sustainable value for the group and our shareholders," it says. Expects improving margins from 2024 and beyond. This comes alongside annual results for 2021, in which total revenue rises 3% to GBP59.3 million but pretax profit falls to GBP6.2 million from GBP8.1 million in 2020.

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Mobile Streams PLC - mobile content provider - Raises GBP1.2 million in placing priced at 0.30p per share. Funds to support company's growth and to create a new joint venture partnership with Gfinity PLC for Mobilegaming.com. "The company is working to agree the terms of the joint venture and expects to announce the conclusion of the agreement shortly," it says. Gfinity shares rise 6.2%.

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Smart Metering Systems PLC - Glasgow-based provider of end-to-end services in utility connections, smart metering and energy management - Pretax profit in 2021 slumps to GBP8.3 million from GBP195.0 million in 2020, which was attributed to a hefty gain from its I&C meter portfolio disposal the year prior. Revenue improves to GBP108.5 million from GBP103.0 million. Annual dividend upped to 27.5 pence from 25.0p. Chief Executive Tim Mortlock says: "Our contracted smart meter order pipeline remains solid and now more favourably weighted to larger, well-financed independent energy suppliers, and supported by the extension to our exclusivity agreement with Shell Energy Retail. We expect our installation rate to progressively increase throughout the coming year."

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UniVision Engineering Ltd - Hong Kong-based firm which installs closed circuit television surveillance systems - Court hearing for winding up petition adjourned until April 19, 2022. Hearing regards GBP565,280 alleged debt owed by company to sub-contractor T&P Solutions Ltd, formerly known as T&P Construction Co. Previously says: "The company intends to defend and oppose the petition. The company has separately been advised that it has a cross claim against T&P, inter alia, for breach of contract and non-performance and it intends to claim damages for the same."

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ValiRx PLC - cancer and women's health treatment developer - Says it is assessing options to acquire capabilities and infrastructure to create a "more efficient and effective" translational drug development service. Says revenue generated from providing pre-clinical development services would enable continued investment in advanced testing and analysis technology and support the progression of ValiRx in-house pipeline projects.

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Tlou Energy Ltd - power company focused on sub-Saharan Africa - Says contract for the construction of the transmission line to connect the Lesedi power project to Botswana's electricity grid has been signed. Botswana-based Zismo Engineering Pty Ltd has been engaged to construct the line, and expects to mobilise plant and equipment on site in the coming weeks.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Mar 2024 20:43

CORRECT: Mobile Streams loss narrows to GBP289,000

(Correcting that Mobile Streams narrowed its loss.)

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25 Mar 2024 17:28

EARNINGS: Botswana Diamonds weathers "turbulent times" in first half

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

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20 Mar 2024 16:18

EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake

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

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19 Feb 2024 18:57

TRADING UPDATES: Coro seals sale terms, Powerhouse makes good progress

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

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5 Feb 2024 11:33

IN BRIEF: Mobile Streams partners sign terms ahead of Mexican launch

Mobile Streams - London-based mobile content provider - Says commercial terms have been signed between WA Technology Group Ltd and Estadio ahead of the launch of its Mexican online casino and sports betting business. Does not provide precise details of the commercial terms agreement. In early January, Mobile Streams said it intended for WA Technology, a London-based online betting solutions specialist, to become the platform provider for its Mexican betting business. In January, the company completed the acquisition of print and digital operations of Estadio, a major Mexican sports media publication formerly owned by Capital News SA. The two companies are working "closely together", says Mobile Streams, and the company expects to launch its Mexican betting platform in the second quarter of 2024.

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

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

Read more
12 Jan 2024 10:51

IN BRIEF: Mobile Streams raises GBP115,000 for Mexican expansion

Mobile Streams PLC - London-based mobile content provider - Raises GBP114,756 through a retail and subscription offer. The gross proceeds stem from the issue of 116.0 million offer shares and 75.3 million subscription shares. The offer price of 0.06 pence represents a 14% premium to Mobile Streams' closing mid-market price on Monday of around 0.05 pence. Application for the new shares to be admitted to trading on AIM has been made, and these are expected to become effective on January 15.

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10 Jan 2024 12:30

Mobile Streams confirms What Technology partnership for Mexican arm

(Alliance News) - Mobile Streams PLC on Wednesday confirmed that it intends for WA Technology Group Ltd, or What Technology, to become the platform provider for its betting business that is being launched in Mexico with its partners.

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9 Jan 2024 11:15

Mobile Streams launches placing and retail offer to fund Mexico growth

(Alliance News) - Mobile Streams PLC shares rose on Tuesday after it announced a placing and retail offer intended to raise up to GBP300,000.

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27 Dec 2023 14:25

London close: Stocks maintain gains amid post-Christmas rally

(Sharecast News) - London's stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.

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27 Dec 2023 11:20

London midday: Stocks ride global wave of post-Christmas optimism

(Sharecast News) - London's equity markets were still above the waterline at lunchtime on Wednesday, following a late Santa rally on Wall Street overnight.

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27 Dec 2023 10:39

AIM WINNERS & LOSERS: Horizonte Minerals secures funds for Araguaia

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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27 Dec 2023 10:27

IN BRIEF: Mobile Streams shares down 10% as annual loss widens

Mobile Streams PLC - London-based mobile content provider - Pretax loss widens to GBP3.8 million in the financial year that ended June 30 from GBP2.5 million the year before, as administrative expenses grew 10% to GBP2.2 million from GBP2.0 million, and selling and marketing costs multiply to GBP876,000 from GBP264,000. Mobile Streams also takes goodwill impairments of GBP360,000 and impairments of intangibles of GBP348,000. Revenue, however, jumps 80% to GBP1.8 million from GBP1.0 million a year prior. Attributes this growth to its strategic partnership contract with International Gaming Systems, first signed in 2022, which has now been completed.

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27 Dec 2023 08:18

Mobile Streams shares tumble as FY profits decrease 'substantially'

(Sharecast News) - Data intelligence group Mobile Streams revealed on Wednesday that gross profits had "decreased substantially" in the year ended 30 June as gross profit margins nosedived.

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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.

Read more

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