Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Seeing some big numbers of visitors on similar web again. Consistantly over 200k visitors per day over the last week with a third of those being from the Indian market and a very low bounce rate of 30%. Last time I saw those figures they were throwing money at advertising so they must be doing something right... although this doesn’t tell us how many of these are paying subscribers.
SB will try and keep t(his) cash cow going as long as possible. Why MOS needed a subscription for £100k is beyond me considering the money they have in the bank but I suppose another £100k to prop up the wages of SB for a few more months must make him a happy man.
Well that’ll cover SB wages for the next quarter he must be very relieved! Looking at web figures they are up to c50k visitors per day at a bounce rate of 34% from the Indian market. They really need to focus on turning into active subscribers but it doesn’t seem to be working at the moment.
SB and the other directors paid themselves a combined £368k last financial year. It was £329k the year before. MOS is obviously a company that pays for failure (not the only one - it seems to be the trend these days) and my only conclusion can be is that this is indeed a lifestyle vehicle. No information on where they are going and what the strategy is just that this year will continue the last three years in an ever increasing downward trend. But yet the directors remuneration is in an upward trend?
It’s a real shame indeed - I was really disappointed with the cash flow figures especially as the signs were there that the market conditions were tougher then expected. A big gamer changer is needed and I think this is the reason why Jonathan Bill has been brought in as he has contacts and has a history of getting funding. I think this will be in the form of a partnership with someone or it will be a large investor coming in that will bring something to the party. If you look at what he has done with creditmate where Paytm has come in and taken a stake that is a great partnership that adds a significant amount of value. It’s a hold for me but on the (probably naive) expectation that something spectacular has to happen to get this company back on track.
Quindell - you are spot on there. To go from £2.3m cash in July 17 to 1.4m cash in six months is horrendous and I am staggered with the level of cash that has been spent. With them dropping marketing down to 20% of previous values tells me they have gone for it without understanding full the risks. Note the statement from Simon on the latest non-executive director: "I am delighted that Jonathan has joined the Mobile Streams board. His expertise from living and working in India is the perfect match for us. He understands our products and markets and is a successful entrepreneur, investor and fundraiser." I commented on this at the time - note the word “fundraiser” in there...
I am expecting a trading update in January as per usual so I am assuming that it will be early next week. Website numbers consistently above the 200k mark now so hitting a good level of consistency. Hopefully this will be reflected in active subscriber numbers but know that they are focusing on cash flow positivity rather then shear weight of numbers at the moment so expecting an update on this. Argentinian peso droppedagainst the pound a bit in January so not expecting any huge changes in position there other then that they are in a stable position now. All in all don’t think we should be expecting any huge news but should be positive towards progress in the Indian market.
I expect the next update towards the end of January will confirm that they are close to cash flow positive. Once this has been achieved they will then look to grow their subscriber base further. Not sure where 10p comes from - no science behind that but if they can show that they are in a position to sustainably grow then it’ll be a huge positive step forward for me. I am pretty upbeat with their latest board appointment as I think it shows real positive intent. Although Simons endorsement said that Johnathan Bill is a “successful entrepreneur, investor and fundraiser”... my question would be are they going to be looking to raise further investment and in what form would this be?
It only take a few sell (500k or so) to go down because there are so little in free issue. AGM is on 22nd December so would expect to see an update following that. I am really positive about this one. Revenue in India vs numbers I am seeing on similarweb says to me this will come good next year with good news flow. India revenues vs similar web numbers: Jan16-Jun16: 500k web visitors / £21k revenue Jul16-Dec16: 2.5m web visitors / £113k revenue Jan17-Jun17: 6.7m web visitors / £285k revenue Jul17-Dec17: 20m visitors to date If the above trend continues I would expect MOS to be pulling over £750k revenue for this half year putting them at £1.5m per year and increasing and when you look at us having a market cap of slight more than that I think that we are going to look seriously undervalued. This is just based on my research and trying to look forward on the trends and numbers so dyor but I for one think next year will be interesting.
The revenue is an interesting one as it is easy to work out per half year what the increase has been in India since they started reporting revenue: Jan 16 - Jun 16: �21k Jul 16 - Dec 16: �113k Jan 17 - Jul 17: �285k If you then relate this to website visitor figures that I have been keeping a record of from similarweb: Jan 17 - Jun 17: 6.6m visitors Jul 17 - Dec 17: 17m visitors to date (current trajectory suggests reaching a figure of 20m plus) Based on the numbers above I would therefore expect revenues for half year Jul - Dec 17 to be over the �750k mark. As the final year update states revenues are steadily increasing and I think we will be seeing a consistently positive newsflow next year.
Well similarweb reported just 62k visitors on Thursday 9th November so I think the hype is over with that website. It’s been declining since 22nd October from a high of over 400k. Make of that what you like but I don’t think we can be pumping the high figure anymore we need to be waiting for the final year results and an update on where we are.
Septembers figures averaged 100k visitors as there was a spike towards the end of the month. I think it is down to who they promote themselves with as there is a significant difference from now and October in terms of the ‘referrals’ bracket on similarweb. I wish I had kept a record of it. Apps may well tell us more if he hasn’t sold up and moved on.
Traffic has stayed at the 100k per day level since the start of November with no spikes up or down. I wouldn’t read too much into the China stat, in September it said there were 40% visitors to the site from Yemen and then that all changed to India over night. The numbers are basically back to September levels which would give monthly users of around 3m.
And how do you see this going with final results due any day?
I am wondering Amtech - are you a disgruntled ex-employee?
Hence the need to get an Indian non exec person on the board
I don’t see how visitor numbers can not have an effect the revenue especially since around 70% of these are from the Indian market. August 0.8m September 3.0m October 8.6m The November figures haven’t started well but we will see - I want to see consistency and MOS find a level that gives a steady income.
No news that I am aware of. Similar web has shown a decline of website visitors that seem to have stabilised to around the 100k per day mark from the end of October / beginning of November.They mayve playing around with marketing strategies to see what works I just don’t know but it seems strange that the numbers have dropped off again. In October it was around a third of the way through the month that we started to see a huge jump in numbers so I am hoping that this is a trend and we will see a similar pattern. Who knows... Don’t be under any illusion that the final results will be great here and you will be ok - this is a long term hold with strategies obviously changing in the background all the time.
I actually like to see the negative side - otherwise you can have blinkered thinking. We are all speculating on something they may not mean anything so I am just stating facts as I see them on here. The numbers dropped again on 1st November to 169k so I am hoping to see another upward movement soon to indicate a monthly trend. Time will tell chaps - I want to see some good stats over a 60 day period and the company reporting an uptake of subs before a real judgement can be made.
What I am interested in is the tail off of visitors to the mobile gaming website over the last 8-9 days and whether this is a trend. If figures start to pick up over the first 7-10 days of November then it would suggest so but maybe they have settled at the 200k individual visitors per day figure for a while. Interesting times - priced to fail at the moment.