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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