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(Icon) Mmode - Cash Rich Mobile Content Provider

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Publish date: Wed, 22 Jul 2015, 09:46 AM
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M-Mode Bhd (MMB) Snapshot

Open
0.42
  
Previous Close
0.42
Day High
0.42
  
Day Low
0.41
52 Week High
07/24/14 - 0.82
  
52 Week Low
06/16/15 - 0.39
Market Cap
66.7M
  
Average Volume 10 Days
181.6K
EPS TTM
0.05
  
Shares Outstanding
162.7M
EX-Date
06/1/15
  
P/E TM
9.1x
Dividend
0.01
  
Dividend Yield
2.44%
Current Stock Chart for M-MODE BHD (MMB)
 
 
 
 
 

 

 

 

 

 

 

 

M-Mode Berhad is principally involved in provision of mobile content and data application services in Malaysia. The company offers digital content such as music, entertainment, lifestyle, sports, education, applications, etc. 

 

Over the past 12 months, the group reported aggregate net profit of RM7.34 mil. Based on existing market cap of RM66.7 mil, historical PER is 9.1 times. 

 

Quarter Result:

F.Y. Quarter Revenue ('000) Profit before Tax ('000) Profit Attb. to SH ('000) EPS (Cent) DPS (Cent) NAPS
2015-12-31 2015-03-31 20,204 2,174 1,952 1.20 - 0.4181
2014-12-31 2014-12-31 21,187 846 546 0.34 0.50 0.4062
2014-12-31 2014-09-30 18,406 2,021 1,740 1.07 - 0.4079
2014-12-31 2014-06-30 24,154 3,469 3,103 1.91 - 0.4022

 

The group has very strong balance sheets. With 163 mil shares, loans of RM1.8 mil and cash of RM44.9 mil, net cash per share is 26 sen. 

 

 

The group has strong operating cash flow and minimal capex requirement. That is why cash position built up over the years.

 

 

 

 

 

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Discussions
3 people like this. Showing 3 of 3 comments

sephiroth

where got cash rich new media co, oredi so long cash rich, round 1 bot 0.46/0.475/0.49 sold 0.69 but went up to 0.80 pulak
round 2 hantam kaw kaw 0.3933, c how lah

2015-07-23 15:25

Icon8888

New media refers to new type of media, instead of traditional media

2015-07-23 15:32

value88

In FY14, Mmode's revenue was higher compared to FY13 but the net profit was dragged down by the higher cost of sales and operating expenses, and hence it's share price.
The recent Q2 FY15 result showed significant reduction in cost of sales and operating expenses. Thus, if Mmode management can sustain the improvement in cost/expenses, FY15 net profit is going to recover even if the revenue stays flat.
In past few quarterly reports, the management stressed that they wanted to reduce the cost of sales and operating expenses, seems like the efforts are starting to bear fruit now.
If net profit recovers, I expect the share price would follow.

2015-08-30 23:17

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