Mobile Streams (MOS)

Sector:

Telecom Operators

Index:

FTSE AIM All-Share

0.041p
   
  • Change Today:
      0.004p
  • 52 Week High: 0.15
  • 52 Week Low: 0.040
  • Currency: UK Pounds
  • Shares Issued: 6,362m
  • Volume: 6,094,158
  • Market Cap: £2.60m
  • RiskGrade: 431

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Mobile Streams acquires remaining 51pc of KrunchData

By Josh White

Date: Friday 18 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Content and data company Mobile Streams has exercised its option to acquire the remaining 51% of KrunchData, it announced on Friday, on the terms it announced in March last year.
The AIM-traded firm said the £0.77m consideration would consist of £0.27m cash, and 166,666,666 shares issued at 0.3p each, being the closing price on Thursday.

On 25 March 2021, the company announced the acquisition of 49% of Krunch for £0.74m, comprising £0.5m cash and 90,384,615 shares issued at 0.26p each.

At the time, it agreed an option to acquire the remaining 51% at any time within two years for £0.77m.

As it said at that time, the rationale for the 2021 transaction was to acquire the full rights to the expertise, systems, software and intellectual property provided under licence by Krunch; to terminate the revenue share agreement under which 50% of Streams Data revenues were due to be paid to Krunch from January 2022, and to eliminate the risk of Krunch being able to terminate the agreement at 90 days' notice.

For the year ended 31 December, Krunch generated revenues of £0.4m, and recorded a net loss of £85k.

"The board is pleased to announce this transaction to acquire full ownership and control of KrunchData," said Bob Moore, non-executive chairman of Mobile Streams.

"KrunchData has provided the expertise, systems, software and IP which has enabled the company to grow its Streams Data platform which supports the growth of our data insight, intelligence and visualisation services and marketing optimisation tools, as well as the growing content revenues from esports and gaming.

"Further announcements will be made as the company continues to implement its plans for growth in the coming months."

At 1414 GMT, shares in Mobile Streams were down 1.34% at 0.3p.

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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 0.041p
Change Today 0.004p
% Change -9.26 %
52 Week High 0.15
52 Week Low 0.040
Volume 6,094,158
Shares Issued 6,362m
Market Cap £2.60m
RiskGrade 431

Mobile Streams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.43% below the market average31.43% below the market average31.43% below the market average31.43% below the market average31.43% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
91.54% below the market average91.54% below the market average91.54% below the market average91.54% below the market average91.54% 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
54.33% above the market average54.33% above the market average54.33% above the market average54.33% above the market average54.33% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

Mobile Streams Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:56 222 @ 0.045p
09:37 160,471 @ 0.040p
09:01 697,674 @ 0.043p
08:01 5,235,791 @ 0.041p

Mobile Streams Key Personnel

CEO Mark Alexander Epstein
Finance Director Rama Uthayanan

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