Mobile Streams (MOS)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

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

Mobile Streams boss halves pay as part of cost-cutting exercise

By Iain Gilbert

Date: Friday 12 Apr 2019

LONDON (ShareCast) - (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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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 0.93
52 Week Low 0.100
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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