Mobile Streams (MOS)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

0.22p
   
  • Change Today:
    -0.020p
  • 52 Week High: 0.93p
  • 52 Week Low: 0.100p
  • Currency: UK Pounds
  • Shares Issued: 140.75m
  • Volume: 9,498,420
  • Market Cap: £0.30m
  • RiskGrade: 1,558

Mobile Streams eyes fundraising amid Indonesia partnership win

By Duncan Ferris

Date: Wednesday 30 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Mobile Streams dropped on Wednesday after notifying shareholders of plans to issue further ordinary shares and a new partnership in Indonesia.
The global content retailer will seek shareholder approval by 15 February for the issue of 50,000,000 new ordinary shares in order to raise £0.1m in order to support its Argentinian operations and drive further growth in the Indian market.

Elsewhere, the AIM traded company confirmed that it has signed a partnership agreement with SIM Digital, which has previously acted as a consultant for Mobile Streams with respect to its Indian operations, to facilitate business development in Indonesia.

SIM Digital, which has billing connections with Indonesian mobile telecom operators and B2B agreements with regional gaming and apps companies, will assist the launch of Mobile Streams' HTML5 games service mobilegaming.com to over 250m network subscribers in the country.

Simon Buckingham, chief executive of Mobile Streams, said: "We are enthusiastic about the opportunity that Indonesia presents for our games service and are looking forward to working with SIM Digital to achieve success in the market."

The move represents the first time Mobile Streams has entered a new geography using a partner-model structure, rather than establishing its own local subsidiary, which the company said allows for "greater flexibility and speed-to-market through indirect third-party billing".

Sandeep Ganguly of SIM Digital said: "We have closely monitored Mobile Streams' progress in the Indian market over the past couple of years and truly believe their games service is particularly suitable to the growing games market in Indonesia, a market in which we are highly accomplished."

Mobile Streams' shares were down 11.11% at 0.40p at 1048 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Mobile Streams Market Data

Currency UK Pounds
Share Price 0.22p
Change Today -0.020p
% Change -8.51 %
52 Week High 0.93p
52 Week Low 0.100p
Volume 9,498,420
Shares Issued 140.75m
Market Cap £0.30m
RiskGrade 1,558

Mobile Streams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.12% above the market average58.12% above the market average58.12% above the market average58.12% above the market average58.12% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
94.9% below the market average94.9% below the market average94.9% below the market average94.9% below the market average94.9% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
63.3% below the market average63.3% below the market average63.3% below the market average63.3% below the market average63.3% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

Mobile Streams Dividends

No dividends found

Trades for 20-Sep-2019

Time Volume / Share Price
13:12 117,391 @ 0.23p
12:05 500,000 @ 0.22p
11:58 165,437 @ 0.20p
11:37 74,000 @ 0.21p
11:20 300,000 @ 0.21p

Mobile Streams Key Personnel

CEO Simon David Buckingham
CFO Enrique Benasso

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