Well ive just done one of my normal stock pick items but some how lost it by bringing the Money am board up twice, drat I hate it when you lose a lote of timely work.

Stream Group looks very promising. Historical P/E of around 25 forward P/e of circa 11 on forecasts. Has an high Beta. Excelent work force in the fore front of 3G. Fidelity as also a stake in the company.

Management could be set to announce a contract or a tie up with a big gaming/gambling company very soon.

Highlights of last results to 30/6/2004

Highlights

Profit before tax up 94% to 0.91m (2003: 0.47m).

Gross margin up 24% to 3.1m (2003: 2.5m).

Significant growth of mobile data services -
exceeding 50% of Group turnover as of today.

Launch of higher margin direct channel model
generating a subscriber base of 300,000.

Outlook for full year to exceed market
expectations.

Full results item on next thread.

DYOR.

cheers GF

Stream Group to pay maiden 0.7 pence div as annual profit surges
AFX


LONDON (AFX) - Stream Group PLC announced the first payment of a dividend alongside annual results, which recorded a 73 pct leap in profits.

Pretax profit climbed to 1.9 mln stg from 1.1 mln last year, giving earnings of 2.45 pence a share, up from 1.98 pence.

The company, which provides consumer information, entertainment content, and applications via mobile and fixed line telephony, will pay a maiden dividend of 0.7 pence a share.

'The directors are delighted with the way Stream is developing. We are confident about our future which will be a blend of strong organic growth and key strategic acquisitions,' said chairman Gordon Robson in a statement.

newsdesk@afxnews.com

ab

Good results and great prospects. Mobile banking and mobile gambling by phone should keep these rising through the year,another little nugget from Goldfinger.
cheers MP

Excelent results, but elewhwere the market is dire.

cheers GF.

Greedy me was expecting a bigger increase with results like these. Your right GF elsewhere is dire.

MS

Just one of those things Mickey, it certainly lowers the P/E now and they become more attractive to buy.

cheers GF.

One glimmer of hope in a down market, just ticked up a point

Dont sell off, the markets getting a shock taste of reality. There will be a bounce in the US.

cheers GF.

It's white outside and red on the screen. Looks like the whole market is suffering.

MS

It is MS. Just out from Killik brokers...............

Sentiment in the near term appears to have turned with active profit taking in the second liners after a terrific run to the start of the year. How far things will come back is the obvious key question but so far, it does not appear as if too much stock is coming out and this feels more like a healthy correction rather than something more significant.

cheers GF.

Streaming on up, one of the few positives around.

cheers GF.

Your right there goldfinger - can you put your "Midas touch" onto another stock?

Moving up nicely this morning.

chers GF.

still looking good...

Been rather good every day since the results.

cheers GF.

Looks very good but is it too late to join the party. What kind of target price is realistic.

B2B

the graph looks very bullish, so buy it on any dips!!

Its very tempting but so too are MOB and MMG. Lots to think about over the weekend.

Cheers

Looks like I sold SEA too early :-(

Well done to those still in.

capa

Referring to info about American idol from results "Stream has been selected, to operate the SMS 'chat' service for the forthcoming series of American Idol. American Idol is the highest rated non-sports show on American television."
Yes i did watch american idol over the weekend, and was amazed to hear that over 40million people phoned in to vote for the first live vote of the series!! If only a fraction of these people decide to use the chat service provided by stream, then the cash should start rolling in. IMHO

Very interesting news that Paul and should be one heck of a revenue stream.

cheers GF.