Mobile Streams Share Discussion Threads

[carbon man] 08/2/2018 23:24

Just a suggestion, say 8/2/18 2018, there you are that was painless.

[kirk 6] 08/2/2018 20:40

How do you time stamp it

[theron1] 08/2/2018 20:18

Let's time stamp this and see where we stand in six months?

[cryptotrade] 08/2/2018 19:30

This company is useless.

The hype has been and gone.

Their currency issues were known but bulls ignored this. Since then they've done less revenue with no prospect of any major growth.

They tried, which is great, but I suspect their days are numbered as a listed entity, unless they announce some tosh saying we are building or using blockchain for payments to save on costs, fees etc.

The end.

[kendonagasaki] 08/2/2018 19:19

An opportunity for MR Buckingham to award himself an anual 10% pay rise no doubt?

[theron1] 08/2/2018 16:55

This price is probably an opportunity. The volatility on the AIM market is often completely divorced from the value of the business in the short-term. But that statement won't be proven correct until we see some of the fruits of the initiatives described above.

[kirk 6] 08/2/2018 16:09

Are you positive about this stock now

[theron1] 08/2/2018 14:51

A little bit of colour:

I wouldn't blame it all on management though there have been mistakes. The decision to pivot toward India was a good one and getting the billing connections with the best partners there a real accomplishment. The benefits of this are all in the future.

MOS experienced a learning curve with their partner, Airtel (300m subs), who unusually allows customers to sign up to their content portal "Airtel Live" with zero prepaid balance and tries to bill them within 60 days. MOS wasn't seeing conversion to paying subs but was still paying the ad networks. This cost them (and us) money. They have made the following key change: They now only pay the ad network when the sub starts paying. This is the key reason why marketing spend can now be curtailed: MOS now only pays after the sub pays. They are not losing money on these subs anymore. Airtel Live has only been going six months and is showcasing MOS on the portal. Free advertising for MOS. There is a lot of traffic. To improve loyalty and experience MOS is signing up these subs, putting the app on their device and working with Airtel to convert them into paying subs. It's different than Argentina and they are adapting.

Conversion: MOS has also now identified conversion rates by channel. Google adwords conversion to paying subs is ~2.5x better than via 3rd party ad networks. MOS is now in the process of optimising this cost of acquisition by channel. Google costs more and there is less negotiation leeway, but the longer you advertise the cheaper it gets. MOS is also working with the carriers to introduce optimal price points. Keep in mind MOS can try to bill a sub 12x within 60 days. They are now seeing substantial conversion of the Airtel zero balance subs to paying status. They won't disclose this conversion rate but it seems to be in the 100s of thousands (out of ~820k). The way it worked in Argentina is as volumes increased, revenue shares improved. They are just starting to hit some of these triggers in India. Also, India revenue shares are higher (50-70% of retail revenue) vs 25-40% in Argentina. Against that, price points are lower.

MOS will be launching the 5th carrier hopefully this quarter. This partnership actually has the best economics (70% revenue share).

Argentina has been stable (at a low level) for several months which is positive. They've signed the 2018 contract with Movistar.

Costs: administrative costs have come down double digits %. The employee count peaked at 50 and is now 10, just the key marketing and technical people remain (marketing team, 2 senior technicians, account managers in India). There were one-time severance costs in the figures for the payroll cuts. They've renegotiated supplier bills, consolidated hosting and servers. The new chairman costs £30k less and there are now regular operational reviews.

The focus is on getting to cash flow breakeven in India, so only growing subscribers that are profitable. Clearly, they will need upwards of 1m+ subs to get the business to where it was in Argentina. In India there are things outside of management control such as carrier consolidation, the GST (VAT) tax, country-wide digital initiatives etc. But MOS is a real business with real partners in India, people on the ground there. They are obviously focused on getting costs down, getting to cash flow breakeven and getting India right after intense teething issues. Any progress on conversion in coming months should see the share price bounce back.

Hope that helps

[kirk 6] 08/2/2018 09:12

Time to buy now

[carbon man] 08/2/2018 09:11

Turnover returns today

[mister md] 04/2/2018 19:16

the CEO more than most

[carbon man] 04/2/2018 19:16

Complete over reaction to latest RNS

[hippo] 03/2/2018 04:39

What probably influenced me more was the guy who posted about the second and third waves lol.......where did it all go wrong :-)

[hippo] 03/2/2018 04:32

Smithie, yes I was lucky to exit a large position here in good profit. Not quite as good as SB though, but then I did not have the benefit of insider information, or controlling the newsflow. My exit was around the 40p mark, but well short of the peak at the time.You were a bear here, some months before me, did some of what you wrote influence me, perhaps, but for me the fact SB dumped all he could on the market not once but twice was key and when SB was contacted about how subscriber numbers were really calculated he would not respond. All done by SB at a time against positive newsflow that was not true, at the time of his last sale, he would have known the numbers were in substantial decline, but the market were not told.Gut instinct told me to sell a day before a trading statement was released, that made the above reality and the share price dived.In my view SB has always massaged the numbers here, but as I said yesterday, trying to harp on about 1m subscribers in India, when 800k of them have not purchased in 60 days and have a zero balance account is simply ridiculous.How many of the approx 200k+ left, are counted more than once, and what was the marketing spend against revenue, the subscribers are costing more in marketing than they are generating.Now they are running out of cash again, marketing spend will be cut by 80%, expect a cash call shortly......to keep the dog fed.

[smithie6] 02/2/2018 22:34

Hippo

you sold 200k I think I recall, about 35p or ??

no pat on the back for my posts, your sell decision wasnt influenced by my sell posts ??

[smithie6] 02/2/2018 22:32

MOS is phps a useful reminder to all us active investors that stop losses can be so useful

a shareholder would then have sold at above say 40-50p on the way down from 70-80p

and be very thankful ..looking at price now of 2p

[smithie6] 02/2/2018 22:20

ref. post 20590 by Pauly Pilot

---

at the moment it looks like another case of

Smithie6 1. - PaulyPilot 0

😉



(sure. this always has a chance of bouncing back
but imho the history so far shows imo that the MD cant be trusted

for me its investable for that reason

and the business model doesnt work, just on a slippery slope downwards

180,000 'subscribers' in India, which I have pointed out over years includes anyone that has topped their phone credit using MOS

looking at the income per 'subscriber, 180,000 is nothing.

(note that you could phps put a blank page on a new web domain and get thousands of page hits over time. big numbers often means nothing.
this co. dont generate cash. punto)

like so many dirs on AIM, sadly ( they want your money !! to put in their pockets via sky high wages, & bonuses)

[hippo] 02/2/2018 17:38

I doubt a case of if going bust, but when.It is an abysmal update and the worst play on numbers yet, even by SB's standards. Subscribers are not growing, they are simply churning over, as marketing spend dries up so are the numbers.From £50m revenues to £1m is a few short years......huge cash burn, all drying up now....

[test4500] 02/2/2018 15:20

-Traffic numbers massively higher since last year
-Customer renewal base* in India exceeded 750,000 subscribers

but:
- Customer renewal base is the active paying subscriber base plus the renewal base of zero-rate customers, whereby customers who have zero balances in their pre-pay mobile account

- 180,000 active paying subscribers

ok so how many are 'zero-rate customers' and HOW did they get there? why if the bulk of the 750K counted if they are not buying anything........

business model is not selling apps/games ...but prize draws ...that's why no one pays....and spending 80% less on marketing not going to help much is it?????



Kirk " I will be adding millions over the next few months" - it won't be hard ....and maybe not even cost you much you scammer

[montyhedge] 02/2/2018 14:31

Fat lady about to sing.

[kirk 6] 02/2/2018 14:04

Barnes get in now mate could be a good opportunity???

[kirk 6] 02/2/2018 14:02

Not at all has so many winners last year to accumulate massive account balances. Yes down here as my average is 2.3p however I will be adding millions over the next few months Traffic numbers massively higher since last year and the new board appointment will hopefully turn this aroundThis could well be massive

[mister md] 02/2/2018 13:58

kirk gone quiet - frantically ringer broker to buy all remaining stock ?