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Mobile Streams

  • BY: Andrew Hore |
  • POSTED: 17/09/2010 |

Rhys Davies has cut his stake in Mobile Streams to less than 3% following the recent share price rise.

He has sold at least 3.5m shares in the past week or so. The share price has risen 79% over the week and 148% over the past month.

The share price of the mobile content supplier rose to 2.9p after it was announced that Davies had bought 12.9% of Mobile Streams in September 2008. Even though he has probably sold the shares for less than the current market price, Davies should have made a good turn on his investment.

At 9.625p a share, Mobile Streams is valued at 3.49m.

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