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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Monstermob - Mobile phone entertainment provider hits jackpot with Dixons deal

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MOB
Over the month we met with Martin Higginson and Lee Dudack, managingdirector and finance director of Monstermob, a UK based provider of entertainment services, such as ringtones and games, for mobile phones. Some investors might perceive this as being a slightly grubby business but Monstermob has enjoyed a strong debut on AIM, since last November's float at 135p, reflecting the announcement of a stream of good news, such as forecast busting results, the formation of an important alliance with Dixons and a fantastically cheap acquisition. Following the latter, broker, Teather & Greenwood sharply upgraded its forecast and now expects earnings this year to virtually double from 5.7p in 2003 to 11.1p, before rising again to 1 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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