Mobile Streams plc is a provider of media entertainment content to mobile devices. Mobile Streams creates, licenses and delivers quality content to MNOs and consumers in the form of ringtones, graphics, video clips and other products. Mobile Streams generates revenues from downloads of this content by consumers. The Company is active in the UK and Europe, North America, Latin America and the Asia Pacific region. Mobile Streams has developed relationships with both content owners and MNOs which enable it to act as a specialist intermediary, providing an end-to-end service encompassing a broad range of elements from content licensing to content production, account management, and channel management.

http://www.mobilestreams.com/

Mobile Streams an opportunity for those with 'imagination', says chief executive

By Ian Lyall

April 30 2014, 4:19pm
Mobile Streams is essentially a play on the take-off of smartphone and tablet technology in the world’s emerging markets.


The unpredictability of Mobile Streams’ (LON:MOS) main market was underlined graphically when a 20% devaluation of Argentina’s peso prompted the apps and games seller to sound the earnings alarm earlier this year.

To say the market’s reaction was brutal would possibly be an understatement.

But for those with “imagination and appetite”, the sell-off presents an opportunity, according to Mobile Streams (MOS) boss Simon Buckingham.

It has £3mln in the bank and an enterprise value of just £3.5mln, so there doesn’t seem to be a great deal of downside from these levels.

The group is predicted to post a profit of £1.7mln this year, rising to £2.1mln and then £2.6mln.

It suggests the sell-off, which has seen the share price tumble 73% in the year to date, has been overdone.

Okay, the group’s revenues of £54mln last year were 90% derived from Argentina, which isn’t the most stable Latin American nation economically or politically.

However, the general election later this year promises a switch to a more pro-business regime.

And there are significant opportunities to export the model to neighbouring countries in Latin America and indeed across the developed world.

Before we look more closely at these opportunities it is worth taking a minute to explain how Mobile Streams actually makes its money.

In Appitalism it owns the world’s largest app store. However, rather than pay by credit card for games and other downloads, its 4mln customers are billed via their phone companies.

“There isn’t big penetration of credit cards in the region,” says CEO Buckingham. “That is why people have come to us.”

Those relationships with local telcos are essential, although Mobile Streams is essentially a play on the take-off of smartphone and tablet technology in the world’s emerging markets.

Brazil offers the most obvious opportunity to grow the business, although Mexico has trebled its shares of MOS’s revenues to 12% in the last six months.

Partnerships in Africa, China and India point to the huge potential of Appitalism.

“Part of the future potential of Mobile Streams is Brazil, which is five or six times the size of Argentina, along with other markets we operate such as Colombia and Mexico.

“And then we have also been taking a strong look and we like the prospects of other emerging markets in Africa.

“We feel well set up in terms of our future growth prospects; we are in a strong position going forward.”

As well as finding an effective payment mechanism, Mobile Streams has also discovered an effective way of marketing the apps and games it licenses that provides it with the biggest bang for its buck.

“Our advertising engine allows us to monitor marketing returns in real-time; it lets us optimise our marketing expenditure in a very proactive way,” Buckingham explains.

“This really helps us find which of our marketing channels are performing strongly so we can add and balance the return on marketing investment.”

The current sell-off leaves Mobile Streams valued at 17p a share, when a year ago they were changing hands for more than 80p each.

Broker N+1 Singer believes the company has “weathered the storm”, although the share price singularly fails to recognise this.

“MOS has had to face a torrid time at the same point as it was executing its expansion and diversification strategy,” said Johnathan Barrett in a recent note to clients.

“It appears to have weathered the storm and is in better shape should the issue flare up again.

“With underlying growth and investment progressing the business should be able to deliver growth again and ultimately build a stronger group.”

Buckingham is upbeat on prospects, despite January’s slip. “It has presented an opportunity for investors if they have the imagination and the appetite to deal with Argentina and some of the emerging markets we are operating in,” he concludes.

Trading update

RNS


RNS Number : 0378G

Mobile Streams plc

01 May 2014






Mobile Streams plc



Trading Update



Mobile Streams plc (AIM: MOS) (the "Company" or "Mobile Streams") updates its shareholders on its unaudited third quarter (1 January to 31 March 2014 inclusive) trading performance:



- Revenues of £11m, compared to £14.5m in the third quarter of 2012/2013. Revenues fell when denominated in GBP primarily as a result of the devaluation in the Argentine Peso in January 2014. Revenues expressed in Argentine Pesos grew by 12% compared to the same quarter last year.



- Mobile Internet revenues of £10.5m, compared to £13.5m in the third quarter of 2012/2013.



- Active mobile internet subscribers surpassed 4.2 million, compared to 3.1 million at the end of the third quarter of 2012/2013. Active subscribers are defined as consumers who have purchased content from the Company in the past two months.



- Cash of £2.85m at the end of March 2014 with no debt. Around £600,000 was held in Argentina at the end of March 2014. This follows the Company's previously announced policy of moving its cash from Argentina into a portfolio of more stable currencies.



- Trading in line with market expectations.



Commenting, Simon Buckingham CEO of Mobile Streams said: "As previously reported in our January trading statement and Interim Results statement, the 2014 calendar year started with an unexpected sudden devaluation of the Argentine Peso, which disrupted the Company's performance in the third quarter of our financial year.



As a result, the Company lost money at an EBITDA level in January 2014 for the first time in the financial year. However, after successfully renegotiating some of our marketing expenses and increasing some prices in Argentina, EBITDA profitability resumed in February and March, although the Company made a small loss overall in the quarter.



The reduction in profits during the period was caused by a combination of operational and non-operational factors. One factor was adverse foreign exchange currency movements, in particular the weakening of the Argentine Peso against GBP. Additionally, the Company's marketing expenses grew more quickly than revenues.



We look forward to further updating shareholders on trading performance after the end of the current financial year, followed by our full-year audited results".

Mobile Streams' active customer base rises rapidly

By John Harrington

May 01 2014, 9:42am
The 2014 calendar year started with an unexpected sudden devaluation of the Argentinean peso, which disrupted the company's performance
The 2014 calendar year started with an unexpected sudden devaluation of the Argentinean peso, which disrupted the company's performance


Mobile apps and games seller Mobile Streams (LON:MOS) is recovering well from the nasty shock of the Argentinian peso devaluation in January.

The company lost money at the EBITDA (underlying earnings) level in January, which has not happened before in the company’s history, but returned to profitability in February and March.

Unfortunately, the effect of the devaluation in January was so severe it meant the company registered a small loss for what is the third quarter of the company’s financial year.

“The reduction in profits during the period was caused by a combination of operational and non-operational factors. One factor was adverse foreign exchange currency movements, in particular the weakening of the Argentine Peso against GBP. Additionally, the company's marketing expenses grew more quickly than revenues,” revealed Simon Buckingham, the company’s chief executive officer.

In sterling terms, revenue in the first three months of 2014 fell to £11mln from £14.5mln in the corresponding period of last year, but was up 12% in peso terms.

Mobile Internet revenues of £10.5mln, compared to £13.5mln a year earlier.

The number of active mobile Internet subscribers showed a healthy gain, rising from 3.1mln at the end of March 2013 to 4.2mln at the end of March this year.

At the end of the quarter the company had cash of £2.85mln and no debt. Around £600,000 of this cash was held in Argentina; the company has been engaged in a policy of repatriating its cash into a portfolio of more stable currencies.

Shares in the company were certainly mobile after the release of the trading update, streaming higher to 18.69 (+7.6%).

The positive update and movement up on the share price give me the encouragement to take a punt at 22.55p

lets see what it comes to, had a large fall recently and could bounce back a lot

Mobile Streams partners with M10 Africa to broaden footprint

By Philip Whiterow

July 08 2014, 4:39pm
The partnership will target leading mobile operators and channels such as MTN and Etisalat.
The partnership will target leading mobile operators and channels such as MTN and Etisalat.


Mobile apps and games retailer Mobile Streams (LON:MOS) has launched a distribution partnership with M10 Africa across Africa, Asia and the Middle East.

M10 Africa will initially distribute Mobile Streams’ extensive audio catalogue on its music streaming services before including all of the video, apps and games.

The partnership will target leading regional mobile operators and channels such as MTN and Etisalat in what is one of the world’s fastest growing mobile markets and where the number of mobile users is set to top one billion by next year.

Simon Buckingham, Mobile Streams’ chief executive, said: “The African & Middle Eastern market is an important area of expansion for Mobile Streams over the next few years and we are looking forward to working with M10 Africa to help increase our footprint in the region.”

Leycot Benson, M10 Africa’s chief executive, added: “We are very excited to be working with Mobile Streams, a company with extensive experience in mobile content distribution, to service M10 Africa’s increasing customer base across Africa, Middle East and Asian territories.”

Listen: Mobile Streams - Trading statement

Click here to listen

Final Results

http://www.moneyam.com/action/news/showArticle?id=4901664

12/10/15


MOS' profit
StockMarketWire.com
Mobile Streams (MOS) has posted a FY pretax profit of £0.83m, from a profit of £0.15m a year ago. Revenues fell to £29.1m, from £48.6m. It continues to diversify its revenues into new markets beyond Argentina and Latin America, especially India and Nigeria.

"Any further devaluation of the Argentinian peso would have a negative impact on the Company's future performance," the company said in its results statement.

"These diversification plans will require investment during the rest of the year which will be reflected in reduced short term profitability. Cash as at the beginning of October 2015 was at a level of around £1.7m, reflecting investments made in the development and launch of the new markets and services.

"The Company's new Indian subsidiary Mobile Streams India Private Limited is being set up, and the Company has signed direct contracts for mobile internet billing with two of the three largest local Indian mobile operators, reaching approximately 350 million mobile customers.

"Once these contracts have been fully executed and implemented, the Company expects to launch its subscription services in India. In Nigeria, the Company has launched with mobile billing available with one of the four largest local mobile operators.

"The Company has launched some new advertising funded mobile services. These services include its mobile social network http://www.terrenal.com in Latin America. Moreover, Mobile Streams has launched a mobile games store globally at http://www.mobilegaming.com that is entirely ad-supported and free to use for consumers.

"Consumers can play each and any game an unlimited number of times as long as they watch a pre-role ad each time they play a game. Mobile Streams developed a proprietary games wrapper that allows consumers to play games for free in this way. Mobile Streams has signed up several hundred games for the launch of the service."



At 9:19am: (LON:MOS) Mobile Streams PLC share price was +1.13p at 5.88p



Story provided by StockMarketWire.com

Mobile Streams PLC (MOS:LSE) set a new 52-week high during today's trading session when it reached 18.50. Over this period, the share price is up 32.71%.