Review of Two AIM Stocks: Mobile Streams Plc & Catenae Innovation Plc

Review of Two AIM Stocks: Mobile Streams Plc & Catenae Innovation Plc

Mobile Streams Plc

Mobile Streams Plc (LON: MOS) is a UK-based mobile content company. It introduced its very first customer mobile internet services with Ringtones.com. The company was founded in 1999 and generally operates globally through subsidiaries in Latin America, North America, Asia Pacific and Europe. The company formed a strategic partnership with Krunch.ai in 2019 for real-time information. The company has various partners such as Cool games, JoyBits, Yipeee, Zariba Games etc.

MOS - News Updates

On 23rd December 2019, the company announced due to lack of preparation from the previous management the auditing was taking more time than expected and therefore audited results for the year will not be presented by 31st December 2019.

On 20th December 2019, the company announced to change its registered office address to 125 Wood Street, London, EC2V 7AW with immediate effect.

On 06th December 2019, the company released the information that Simon Buckingham resigned from the post of Director and CEO. However, he will remain as an employee of the company and work in the role of non-board VP Business Operations. Additionally, Mark Epstein, who was Chief Operating Officer, was appointed as CEO duties until further notice.

On 03rd December 2019, the company announced that Simon Buckingham, ex-CEO (Now) disposed 44.6 million shares at £0.0015 per share.

 

MOS - Trading Updates

On 15th July 2019, the company announced a trading update for the year ended 30th June 2019 before the announcement of its results.

The company's unaudited sale from continuing operations decreased to £1.3 million as at June 2019 as compared to £3.1 million as at June 2018. The company's cash and cash equivalents decreased to £0.13 million as at 30th June 2019 as compared to £1.0 million as at 30th June 2018, with no debt. The company's earnings before interest, tax and amortisation & Depreciation decreased to a loss of £1.0 million as at 30th June 2019 as compared to a loss of £1.2 million as at 30th June 2018.

The company announced that the trading was lower in India by an alliance of mobile telecoms operators. The Vodafone-Idea merger generated low revenue during the year of 2019. Additionally, the partnership with Airtel India has been terminated, which was announced on 29th March. However, the company is planning to expand its market share in India.

As per the company information, the sale of Argentina recorded low revenue in the fourth quarter due to weakening of the Argentine Peso and due to limited funds available for working capital purposes.

On 12th April 2019, the company announced that due to cost-reducing exercise, the company's CEO and both Non-Executive Directors agreed for a deferral of half respective salary. Additionally, the monthly operating expenses in Argentina from May 2019 reduced by 72% as compared to December 2018. The company expects a decrease in global operating expenses of approximately 62%.

MOS - Share Price Performance

While writing the report on 27th December 2019, at 11:20 AM GMT, MOS share price was trading at GBX 0.1414 per share on the London Stock Exchange, a rise of 5.73% or GBX 0.009 per share, as compared to the GBX 0.150 per share which was previous day closing price.

The 52-week highest share price was GBX 0.833 on 07th January 2019, whereas the 52-week lowest share price was GBX 0.0535 on 04th September 2019. Today's share price was down by 83.03 per cent from the 52-week highest price, whereas it was up by 164.3 per cent from the 52-week lowest price.

The market capitalisation of the company was GBP 585.74k at the time writing. The share outstanding of the MOS was reported at 390.49 million, and the free float was reported at 372.85 million.

The beta of the MOS share was 4.70 at the time of writing which is more volatile against the benchmark market index's movement.

 

Catenae Innovation Plc

Catenae Innovation Plc (LON: CTEA) which was earlier named as Milestone Group Plc, it is a digital technology and media company. The company has four products which are Onsite DLT, Onside, OnGuard and Sequestrum. OnSite DLT is a flexible and adaptable mobile inspection, management, and informing solution that focuses on a large range of segments. OnSide is a unified management device created explicitly for sporting companies. OnGuard is a management solution formed for unification with and specifically for man-guarding companies. Sequestrum streamlines the contact to the blockchain which enables it to be used for ‘Real World’ Solutions.

CTEA - News Updates

On 23rd December 2019, the company released the information regarding issuing share capital which comprised of 32.2 million shares of 0.2 pence nominal value and 32.2 million deferred Shares.

On 20th December 2019, the company announced the entry of 118.8 million new shares to be declared for trading on Alternative Investment Market.

On 19th December 2019, the company announced that for "OnSide",  it renewed its contract with Southend United Community and Educational Trust

CTEA - Trading Updates

On 20th December 2019, the company announced that the trading updates was below management expectation which was notified on 11th September 2019 and showed the weak financial position of the company. The company further said that they are planning to raise new equity finance.

 

CTEA – Financial Highlights

The company announced its half-yearly report for the six months ended 31st March 2019.

The company’s revenue increased to £68,857 in H1 FY2019 as compared to £10,372 of H1 FY2018, a change of 563.8 per cent. The company’s gross profit also increased with the same value to £68,857 in H1 FY2019 as compared to £10,372 of H1 FY2018 because there was no cost of sale recorded in both the half year periods for FY2019 and FY2018.

The loss from operations decreased to £503,277 in H1 FY2019 as compared to a loss of  £552,079 in H1 FY2018, a change of -8.83 per cents. The loss before taxation decreased to £503,233 in H1 FY2019 as compared to a loss of £552,068 in H1 FY2018, a change of -8.84 per cent. The total comprehensive loss for the year also decreased to £503,233 in H1 FY2019 as compared to a loss of £552,068 in H1 FY2018

The company’s basic and diluted loss per share decreased to a loss of 0.04 Pence in H1 FY2019 as compared to a loss of 0.05 pence in H1 FY2018.

The company continued to handle the balance sheet with reduction of net liabilities to £399,980 as compared to £891,929 of a full year as at 30th September 2018.

CTEA - Share Price Performance

While writing the report on 27th December 2019, at 09:09 AM GMT, CTEA share price was trading at GBX 1.33 per share on the London stock exchange, a rise of 9,751.85% or GBX 1.32 per share, as compared to the GBX 0.135 per share which was previous day closing price.

On 15th February 2019, the company’s 52-week highest share price was GBX 11.0 per share, whereas, on 03rd December 2019, the company’s 52-week lowest share price was GBX 0.94 per share. Today’s share price was down by 87.9 per cent from the 52-week’s highest price, whereas it was up by 41.5 per cent from the 52-week lowest price.

The market capitalisation of the company was GBP 435.19k at the time writing. The share outstanding of the CTEA was reported at 32.24 million, and the free float was reported at 17.30 million.

The beta of the CTEA share was 0.75 at the time of writing which is less volatile against the benchmark market index's movement.

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