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

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.

The graph says that "sea" should rise again in the next couple of days!

Lopped the top today and took profits. A profits only a profit when you have trousered it.

cheers GF.

Still in with half my original holding from the CFDS chap on CityWire this evening.......................

This leads me on to a trading play for Stream Group (SEA), previously tipped by Citywire at 39.8p in November last year. The 45 million company is primarily a mobile applications and content provider. In the last year Stream has transformed itself from being mainly a provider of white label services for third parties, to that of selling content direct to the consumer via its websites www.go82020.com and www.thecircle.com, where you can download games, ringtones, video streaming and horoscopes among other things.

The company recently issued impressive preliminary results for 2004, which showed profit before tax up 73% to 1.9 million, earnings per share up 24% to 2.45p, mobile revenues up 61% to 7.4 million and a proposed maiden dividend of 0.7p. The company holds 5.4 million cash at the year-end. This puts the company on a p/e of 31, which at first glance appears expensive, but taken in the context of a rapidly growing market, may look fairly priced.

Stream has made its first acquisition with a strategic move into mobile banking, in which it predicts will play a very significant part of the mobile marketplace over the coming years. The company is also working with Ladbrokes on mobile betting applications in which it hopes to launch games by the second quarter of this year. Stream already has a bookmaker's permit and in the chairman's statement, he mentions that gambling 'will be a leading revenue source for the mobile industry in the future'.

The stock is supported by a number of shrewd fund managers including Giles Hargreave of Marlborough Fund Managers and Patrick Evershed of New Star Asset Management, among others. The stock is rising strongly after breaking out from its resistance of 48p. We see no reason why traders should not back this stock to go further and therefore long positions should be contemplated at current levels, with 70p providing reasonable interim support.

cheers GF.

Great news GF

Should be good news Paul.

cheers GF.

I'm just starting to get a bit bored with these GF. What's your take for the immediate future.

MS

This mickey..................

UK smallcap opening - TV Commerce up on Stream Group contract award
AFX


LONDON (AFX) - TV Commerce Holdings edged up 0.50 to 7.25 pence after the company disclosed it has awarded a contract to Stream Group, 1/4 firmer at 75-1/2, to provide premium rate telephony services for Your Destiny TV, TV Commerce's psychic TV channel.

Excess calls which are derived from the channel will be answered by Stream's Psychic Circle Readers, and revenues generated will be divided between Stream and TV Commerce.


cheers GF.

That was quick GF. Well what do I know. I think I better stay in don't you.

MS

Nice to sea this one resume its upward march.

Yup going nicely.

cheers GF.

GF

Is this one just starting to get a bit stale?

MS

Yup I think you are right Mickey. Ive got two tranches left I might sell one. Will say though that its getting tougher the whole market over. Theres no longer the value there that existed 2 months ago.

Might be a case now of rolling from momentum stock to real value plays. I think the next few days are crucial especially when the budget is out of the way.

cheers GF.

Any idea's on 'Real Value Plays'.

MS

Im doing a lot of research at the moment Mickey. Theres a lot of dross about.

cheers GF.

Strange to see the sp falling when we are expecting good news in the near future?

With 35m - 40m votes weekly on American Idol, there should be quite a few people chating on streams service...i think this tie up with American Idol could be much bigger than people think...IMHO