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Mobile Streams

  • BY: Andrew Hore |
  • POSTED: 20/01/2010 |

Mobile content provider Mobile Streams is trading at around the value of its cash.

There was 1.7m in the bank at the end of 2009. At 4.75p a share, Mobile Streams is valued at 1.72m.

Mobile Streams expects to remain profitable and report revenues of more than 7m for 2009, down from the 2008 level of 8.42m. The profit is before depreciation, amortisation and interest or any one-off costs.

Mobile internet is making up an increasing percentage of revenues. It increased to 15% in fourth quarter of 2009.

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