Mmode - Cash Rich Mobile Content Provider

Author: Icon8888   |   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%

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.