http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Mon, 27 Feb 2017 04:30:14 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/170214mos7717w/ Tue, 14 Feb 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170214mos7717w/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/170209mos5167w/ Thu, 09 Feb 2017 14:53:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170209mos5167w/ <![CDATA[RNS press release - Trading Statement ]]> http://www.proactiveinvestors.co.uk/companies/rns/170126mos1238v/ Thu, 26 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170126mos1238v/ <![CDATA[RNS press release - Director Resignation ]]> http://www.proactiveinvestors.co.uk/companies/rns/170120mos6697u/ Fri, 20 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170120mos6697u/ <![CDATA[RNS press release - Grant of options and PDMR Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/170103mos1268t/ Tue, 03 Jan 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170103mos1268t/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.co.uk/companies/rns/161230mos9739s/ Fri, 30 Dec 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161230mos9739s/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/161222mos6073s/ Thu, 22 Dec 2016 10:38:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161222mos6073s/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/161221mos5333s/ Wed, 21 Dec 2016 16:48:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161221mos5333s/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/161221mos5324s/ Wed, 21 Dec 2016 16:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161221mos5324s/ <![CDATA[RNS press release - PDMR Dealing ]]> http://www.proactiveinvestors.co.uk/companies/rns/161220mos3720s/ Tue, 20 Dec 2016 11:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161220mos3720s/ <![CDATA[RNS press release - Result of general meeting ]]> http://www.proactiveinvestors.co.uk/companies/rns/161219mos2542s/ Mon, 19 Dec 2016 12:48:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161219mos2542s/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/161214mos8596r/ Wed, 14 Dec 2016 13:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161214mos8596r/ <![CDATA[RNS press release - Successful fundraising of ?2.2m ]]> http://www.proactiveinvestors.co.uk/companies/rns/161202mos7644q/ Fri, 02 Dec 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161202mos7644q/ <![CDATA[RNS press release - Offer for Subscription via PrimaryBid ]]> http://www.proactiveinvestors.co.uk/companies/rns/161201mos6293q/ Thu, 01 Dec 2016 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161201mos6293q/ <![CDATA[RNS press release - Proposed Accelerated Bookbuild ]]> http://www.proactiveinvestors.co.uk/companies/rns/161201mos6292q/ Thu, 01 Dec 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161201mos6292q/ <![CDATA[RNS press release - Notice of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/161118mos6273p/ Fri, 18 Nov 2016 17:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161118mos6273p/ <![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/161110mos7976o/ Thu, 10 Nov 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161110mos7976o/ <![CDATA[RNS press release - Notice of Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/161031mos8064n/ Mon, 31 Oct 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161031mos8064n/ <![CDATA[News - Mobile Streams shares triple as India business booms ]]> http://www.proactiveinvestors.co.uk/companies/news/158571/mobile-streams-shares-triple-as-india-business-booms-158571.html It's not Formula One but shares in Mobile Streams Plc (LON:MOS) took pole in London and more than tripled in value as it made serious in-roads into the Indian market.

Shares in the  app and content provider for mobile phones  surged over 231% to 13.25p having closed yesterday at 4p.

Its Indian subsidiary has exceeded the milestone of reaching 50,000 active subscribers, or those customers that have bought from the firm in the last 60 days.

Moreover, Mobile expects to add billing connectivity to the next three largest network operators in India before the end of 2016, which has the potential to increase the addressable audience from the current around 600mln mobile users to around 900 million such users.

Chief executive Simon Buckingham said: "Whilst we are still in the investment phase and there is still some way to go before our operations in India will be breakeven on a cash basis, we are now at a point where we have a good understanding of our key metrics such as subscriber acquisition costs and lifetime subscriber values.

"We will continue to update shareholders with our progress as and when we reach further milestones as we have done previously with other markets such as Latin America."

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Tue, 06 Sep 2016 13:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/158571/mobile-streams-shares-triple-as-india-business-booms-158571.html
<![CDATA[RNS press release - Trading Statement ]]> http://www.proactiveinvestors.co.uk/companies/rns/160906mos9984i/ Tue, 06 Sep 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160906mos9984i/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/160725mos0566f/ Mon, 25 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160725mos0566f/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/160628mos5164c/ Tue, 28 Jun 2016 13:25:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160628mos5164c/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/160519mos7716y/ Thu, 19 May 2016 14:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160519mos7716y/ <![CDATA[News - Mobile Streams cautions ahead of full year results ]]> http://www.proactiveinvestors.co.uk/companies/news/126165/mobile-streams-cautions-ahead-of-full-year-results-126165.html Mobile Streams Plc (LON:MOS) has told investors it now expects revenues for the year, to June 30, will be lower than previously expected, and its operating loss is anticipated to be materially higher.

The company said the shortfall was the result of investment in new products such as ad-funded services and in scaling new geographies such as India, as well as ongoing challenges in its core market of Argentina.

Full year results are due to be released in late September or early October.

In March, Mobile Streams chief executive Simon Buckingham revealed the mobile phone app company had launched in India with billing connectivity for the three largest local mobile phone operators.

It was described as a potential audience of 600mln local mobile phone users with discussions under way for access to more mobile billing connections. Mobile Streams offered daily, weekly and monthly subscriptions at various price points.

Revenues for the half year to December were £8mln (£18.5mln) while net losses rose slightly to £321,000 (£302,000).

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Thu, 19 May 2016 10:25:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/126165/mobile-streams-cautions-ahead-of-full-year-results-126165.html
<![CDATA[News - Mobile Streams PLC makes progress in India ]]> http://www.proactiveinvestors.co.uk/companies/news/124178/mobile-streams-plc-makes-progress-in-india-124178.html Mobile Streams Plc (LON:MOS) remains excited about its prospects in India as it switches away from Argentina.

Simon Buckingham, chief executive, said the focus had been on stabilising the Latin America operations but it has launched now in India with billing connectivity for the three largest local mobile phone operators.

This is a potential audience of 600mln local mobile phone users with discussions under way for access to more mobile billing connections.

Mobile Streams offers daily, weekly and monthly subscriptions at various price points. 

Elsewhere, the ad-funded MobileGaming.com service has been expanded into Mexico and is scheduled to launch in Colombia and Brazil shortly. The service is already running in India, Argentina and the US.

As already flagged, revenues in the half year to December were £8mln (£18.5mln) while net losses rose slightly to £321,000 (£302,000). Cash currently is £1.4mln.

Mobile added the Argentine peso devalued by around 20% during December 2015, caused by the release of currency restrictions, meaning that currency can now flow freely in and out of Argentina.

For the remainder of the year, the revenues in sterling will be reduced by about 20% due to the peso devaluation effect, it added. 

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Wed, 30 Mar 2016 07:32:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/124178/mobile-streams-plc-makes-progress-in-india-124178.html
<![CDATA[RNS press release - Half Yearly Report ]]> http://www.proactiveinvestors.co.uk/companies/rns/160330mos4571t/ Wed, 30 Mar 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160330mos4571t/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/160316mos3327s/ Wed, 16 Mar 2016 15:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160316mos3327s/ <![CDATA[News - Mobile Streams happy with progress away from Argentina ]]> http://www.proactiveinvestors.co.uk/companies/news/121634/mobile-streams-happy-with-progress-away-from-argentina-121634.html -- adds share price --

Mobile Streams (LON:MOS) shares climbed as it confirmed its  move away from Argentina was gathering momentum.

Annual revenues were again affected by the slide in the value of the Argentine peso.

The new government relaxed currency controls soon after coming to power last year.

As a result, revenues at the app store specialist dropped to £8.1mln (£18.5mln) in 2015, with a small underlying loss now expected for the year compared to a profit of £313,000.

The company had cash of £1.5mln at the year-end with no debt but will write down its Argentine assets by £700,000.

India has been the main target for the group’s expansion and after a billing connectivity agreement recently, it now has access to 600mln mobile phone users.

Mobile Streams’s ad-funded MobileGaming.com service is now also live in the UK and Australia after being launched initially in Argentina, India and the US and is due to come on stream in Mexico shortly. Expansion plans in Nigeria are now on hold, however.

Technical enhancements introduced recently include a download manager for areas with patchy cellular coverage, aversion for older Android devices and adding an installable app version of the service.   

Simon Buckingham, chief executive, said Argentina remained by a challenge but he was excited by progress elsewhere and especially in India with both its ad-funded games and subscription services.

Shares rose by 38% to 7.27p, though they had almost doubled shortly after the update was issued.

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Fri, 22 Jan 2016 08:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/121634/mobile-streams-happy-with-progress-away-from-argentina-121634.html
<![CDATA[RNS press release - Trading Statement ]]> http://www.proactiveinvestors.co.uk/companies/rns/160122mos6541m/ Fri, 22 Jan 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160122mos6541m/ <![CDATA[News - Mobile Streams reveals the effect of Argentina's currency devaluation ]]> http://www.proactiveinvestors.co.uk/companies/news/121054/mobile-streams-reveals-the-effect-of-argentina-s-currency-devaluation-121054.html Mobile Streams (LON:MOS) has warned the devaluation of the Argentine peso will have a marked impact on revenue and profit.

President Mauricio Macri, who took office last month, has lifted controls imposed by his leftist predecessor to allow the country’s exchange rate to be determined by the market.

The peso has now fallen by around a quarter since the reforms were enacted on December 16.

For businesses such as Mobile Streams that operate in the country but report in sterling, the revaluation is a problem. Balancing this out slightly, costs (incurred in pesos) will be much lower.

Mobile Streams estimates the currency hit to revenues last month was £300,000.

The impact to net asset value will be a negative £800,000, while underlying earnings (EBITDA) will be reduced by £800,000 for the six months ended December 31.

The company, a specialist in mobile media for emerging markets, is currently sitting on cash of around £1.5mln.

In earlier statements, Mobile Streams has said its core market in Argentina is “changing rapidly”.

Customers are moving away from the traditional model of subscribing for basic content via their mobile operator to advertising-funded models to obtain free content and buying premium subscriptions to access more content. 

As a result, it expects revenues for July to December to be half those of those in the same period a year earlier.

“If this run rate continues and with the added impact of devaluation we would expect Argentinian revenues for the current financial year (ending June 2016) to be much lower than those reported for the previous year,” said chief executive Simon Buckingham. 

“However the negative impact on profits will be less as much of our operating cost is incurred in pesos.”

The company said it will issue its usual half-year trading statement later this month and will update shareholders on its new ad-funded products as well as its push into markets such as India.

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Thu, 07 Jan 2016 07:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/121054/mobile-streams-reveals-the-effect-of-argentina-s-currency-devaluation-121054.html
<![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/160107mos0787l/ Thu, 07 Jan 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/160107mos0787l/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/151117mos9869f/ Tue, 17 Nov 2015 10:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151117mos9869f/ <![CDATA[News - Mobile Streams highlights diversification progress ]]> http://www.proactiveinvestors.co.uk/companies/news/119261/mobile-streams-highlights-diversification-progress-119261.html Mobile content firm Mobile Streams (LON:MOS) this morning told investors that its ad-funded games services are now live in the United States, Argentina, India and Nigeria.

In a statement, ahead of today’s AGM, the company highlighted that its diversification strategy continues to see progress.

As well as the roll-out of ad-funded gaming, the group has also launched subscription services in Nigeria, where it has signed up one of four primary mobile network operators. And it anticipates launching with another in the coming weeks.

In India, the company’s subsidiary has signed direct contracts with two of the country’s three largest mobile operators. One has so far gone live and the second is due to follow in the near future.

Mobile Streams, which traditionally generates most of its revenue from Argentina, repeated previously announced guidance that changing market trends in the country are likely to impact revenue for the first half of the current financial year.

It highlighted that at the same time as its diversification efforts it also continues to implement cost reduction measures, in order to maintain earnings (EBITDA) at around breakeven for the financial year.

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Tue, 17 Nov 2015 07:25:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/119261/mobile-streams-highlights-diversification-progress-119261.html
<![CDATA[RNS press release - AGM Statement ]]> http://www.proactiveinvestors.co.uk/companies/rns/151117mos9134f/ Tue, 17 Nov 2015 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151117mos9134f/ <![CDATA[News - Mobile Streams revenues weaken in Argentina ]]> http://www.proactiveinvestors.co.uk/companies/news/117257/mobile-streams-revenues-weaken-in-argentina-117257.html Tough trading conditions in Argentina mean Mobile Streams' (LON:MOS) interim revenues will be half those of a year ago.

Visibility on trading in the second half for the media entertainment company was also not clear, the smartphone app specialist said, with costs being cut to maintain annual underlying profits [EBITDA] around break-even. 

Some progress is being made developing a paid subscriber base in Argentina, with more than 40% now paying for premium subscriptions that carry around double the margin of standard subscription products.

Around 90% of all new subscription acquisitions in Argentina are also premium subscribers.

Mobile Streams added it will update on how it is doing in other markets at its AGM next week.

Shares dipped 15% to 14.1p.

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Mon, 09 Nov 2015 14:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/117257/mobile-streams-revenues-weaken-in-argentina-117257.html
<![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/151109mos0565f/ Mon, 09 Nov 2015 13:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151109mos0565f/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/151103mos4110e/ Tue, 03 Nov 2015 14:07:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/151103mos4110e/ <![CDATA[RNS press release - Final Results - Replacement ]]> http://www.proactiveinvestors.co.uk/companies/rns/151014mos1705c/ Wed, 14 Oct 2015 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/151014mos1705c/ <![CDATA[News - Mobile Streams soars ahead of India launch ]]> http://www.proactiveinvestors.co.uk/companies/news/116110/mobile-streams-soars-ahead-of-india-launch-116110.html Mobile Streams (LON:MOS) doubled in value this morning after the group revealed its diversification strategy was progressing well.

The company is about to launch in India and, in the past financial year, it managed to turn a profit despite a large drop in revenue.

Investors appear to have latched onto what could be a positive recovery story, which in trading terms may be more compelling as the shares are tightly held.

The AIM share, which has a free float of only about 35%, gained 5.62p or 118% this morning to trade at 10.38p.

Simon Buckingham, Mobile Streams chief executive (founder and largest shareholder with 27.97%), said the company is now well placed, amid an ongoing diversification into India and Nigeria.

The software group had previously relied on Argentina, and it had been affected by the devaluation of the Argentinean Peso – the impact of which reflects Mobile Stream’s fall from around 70p in January 2014 – but more recently it has looked to expand into two key markets outside of Latin America, such as India and Nigeria.

In India, the company is in the process of setting up a new subsidiary and deals have already been agreed with two of the country’s three largest local mobile operators (which have about 350mln mobile customers).

Mobile Streams says once final contracts are in place it expects to launch subscription services.

Meanwhile, in Nigeria it has launched mobile billing with one of the country’s four largest local mobile operators.

Across the business the company has also launched new advertising funded mobile services, including its mobile-based social network and an entirely ad-supported mobile games store - which allows customers to play in return for viewing adverts.

Mobile Streams today said the necessary diversification efforts require investment through the second half of the year, and it cautioned that this will have a short-term impact upon profitability.

Nevertheless, the financial results released today show a certain robustness during what appears to have been a testing time.

In the twelve months, to June 30, Mobile Streams had revenues of £29.1mln and earnings (EBITDA) of £1.1mln compared with £48.6mln and £0.7mln respectively in the preceding year.

And it reported a net profit of £0.19mln for 2015, versus a £0.5mln loss for 2014.

Closer inspection of the figures reveal the benefit of positive adjustments to prior tax provisions in Argentina and Europe, as well as a near £7mln reduction in marketing and admin expenses.

The company ended the financial year with £2.9mln of cash, and had no debt.

Broker N+1 Singer in a note described the financial results as “better than expected”.

Buckingham, in the statement, said: "We feel that the company is now well placed from a product and market perspective to embrace and extend its longstanding expertise in mobile internet services.

“We are therefore confident about the company's future prospects."

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Mon, 12 Oct 2015 12:19:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/116110/mobile-streams-soars-ahead-of-india-launch-116110.html
<![CDATA[News - Mobile Streams “well placed” ahead of India launch ]]> http://www.proactiveinvestors.co.uk/companies/news/116098/mobile-streams-well-placed-ahead-of-india-launch-116098.html Mobile Streams (LON:MOS) boss Simon Buckingham says the company is now well placed, amid an ongoing diversification into India and Nigeria.

The mobile software group, which has been affected by the devaluation of the Argentinean Peso, has looked to expand in these two key markets outside of Latin America.

This necessary diversification requires investment through the second half of the year, the company said, and this is expected to have a short-term impact upon profitability.

It also warned that further devaluation of the Peso would also impact negatively on future performance.

Financial results for the year to June 30, released today, show revenues of £29.1mln and earnings (EBITDA) of £1.1mln compared with £48.6mln and £0.7mln respectively in the preceding year.

The company, however, reported a net profit of £0.19mln for the 2015 financial year, versus a £0.5mln loss for 2014.

Mobile Streams ended the financial year with £2.9mln of cash, and had no debt.

Buckingham, founder and chief executive, in the statement said: "We feel that the company is now well placed from a product and market perspective to embrace and extend its longstanding expertise in mobile internet services.

“We are therefore confident about the company's future prospects."

In India, the company is in the process of setting up a new subsidiary and deals have already been agreed with two of the country’s three largest local mobile operators (which have about 350mln mobile customers).

Mobile Streams says once final contracts are in place it expects to launch subscription services.

Meanwhile, in Nigeria it has launched mobile billing with one of the country’s four largest local mobile operators.

Across the business the company has also launched new advertising funded mobile services, including its mobile-based social network and an entirely ad-supported mobile games store - which allows customers to play in return for viewing adverts.

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Mon, 12 Oct 2015 09:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/116098/mobile-streams-well-placed-ahead-of-india-launch-116098.html
<![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/151012mos8874b/ Mon, 12 Oct 2015 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/151012mos8874b/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/150901mos6453x/ Tue, 01 Sep 2015 08:44:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/150901mos6453x/ <![CDATA[News - Mobile Streams shares fall as it updates on 2016 expectations ]]> http://www.proactiveinvestors.co.uk/companies/news/110292/mobile-streams-shares-fall-as-it-updates-on-2016-expectations-110292.html Smartphone app specialist Mobile Streams (LON:MOS) saw shares lose 20% as it updated on expectations for the year to end June, 2016.

Due to investment in new products such and new geographies such as India and Nigeria, as well as ongoing challenges in the core market of Argentina, the AIM firm said it expected revenues to be materially lower than current market expectations and EBITDA (underlying earnings) to be around breakeven.

It added it would update guidance in due course and expects to release its 2015 full year results in early October.

The AGM is planned for November 3 in London.

In an update last month, the firm said for 2015 year, EBITDA had been in line with market expectations, while revenues were around £29 million, down from ££48.6mln in 2014.

Mobile Streams ended the 2015 year free of debt with £2.9mln in cash, down from £3.2mln at the end of June 2014.

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Wed, 26 Aug 2015 08:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/110292/mobile-streams-shares-fall-as-it-updates-on-2016-expectations-110292.html
<![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/150826mos0803x/ Wed, 26 Aug 2015 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/150826mos0803x/ <![CDATA[Media files - Mobile Streams boss excited by Indian growth opportunities ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/3968/mobile-streams-boss-excited-by-indian-growth-opportunities-3968.html Tue, 21 Jul 2015 16:23:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3968/mobile-streams-boss-excited-by-indian-growth-opportunities-3968.html <![CDATA[News - Mobile Streams' results to be in line ]]> http://www.proactiveinvestors.co.uk/companies/news/109180/mobile-streams-results-to-be-in-line-109180.html Mobile media company Mobile Streams (LON:MOS) expects to announce a full-year result in line with market expectations, despite a tough year for its Argentinian operations.

The company has already alerted the market to expect a sizeable decline in revenues, so the projected fall to a figure around £29mln in the year to the end of June from £48.6mln the year before should not come as a surprise.

“Our core business based in Argentina has been challenging and in transition since the currency devaluation there in January 2014,” noted Simon Buckingham, chief executive officer of Mobile Streams.

Mobile Streams ended the year free of debt with £2.9mln in cash, down from £3.2mln at the end of June 2014.

“We continue to diligently work to launch our mobile Internet services in our principle target emerging markets of Brazil, India and Nigeria. These markets have been selected based on their size and market potential. We have been investing in developing our services in these markets for the past several months. We have already launched in Brazil and are working to launch in India and Nigeria,” revealed Buckingham.

The company boss went on to say the company updated its mobile content product portfolio in the financial year just ended, launching new premium products such as browser-based games and high definition video streaming.

Buckingham said the premium products are higher margin and score more highly on the customer satisfaction scale than the company’s standard products.

Mobile Streams is also looking to broaden its sources of revenue by launching new advertising-supported services in the games and social networking markets.

“These ad-supported services are free for consumers to use, and are monetised by advertising. By offering both premium and ad-supported services, we can address more emerging market consumers,” Buckingham said.

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Tue, 21 Jul 2015 07:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/109180/mobile-streams-results-to-be-in-line-109180.html
<![CDATA[RNS press release - Full Year Trading Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/150721mos4878t/ Tue, 21 Jul 2015 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/150721mos4878t/ <![CDATA[News - Mobile Streams shares soar, company doesn’t know why ]]> http://www.proactiveinvestors.co.uk/companies/news/108116/mobile-streams-shares-soar-company-doesnt-know-why-108116.html Mobile Streams (LON:MOS) told investors it knew of no reason why its shares surged sharply higher on Wednesday.

Trading at 7.5p the technology and ecommerce share was 33.3% higher for the day, though earlier the price had reached as high as 10p.

Mobile Streams, which among other ventures sells smartphone apps in emerging markets, has this year pushed into new territories such as India and Brazil.

Last month the group said earnings for its full year to June 30 were on track to meet expectations, and said it revenue was expected to come in at around £30mln.

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Wed, 17 Jun 2015 14:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/108116/mobile-streams-shares-soar-company-doesnt-know-why-108116.html
<![CDATA[RNS press release - Statement re Share Price Movement ]]> http://www.proactiveinvestors.co.uk/companies/rns/150617mos4579q/ Wed, 17 Jun 2015 13:14:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/150617mos4579q/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/150519mos6250n/ Tue, 19 May 2015 10:59:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/150519mos6250n/