Tuesday, September 17, 2013

Why I Like M-Mode

M-Mode Berhad (M-Mode) is a Malaysia-based investment holding company. Through its subsidiaries, M-Mode is engaged in the provision of mobile contents and data application services with platform connected to mobile network operators in Malaysia and China. As of December 31, 2009, M-Mode's subsidiaries were M-Mode Mobile Sdn. Bhd., Mobile Multimedia Sdn. Bhd., Dalian M-Mode Dreamfun Technology Ltd., Cede Communications Sdn. Bhd., M-Mode Media Sdn. Bhd., M-Mode Systems Sdn. Bhd. and Beijing M-Mode Digital Technology Co., Ltd. On June 4, 2009 and August 14, 2009, M-Mode acquired the remaining issued and paid-up capital of M-Mode Media Sdn. Bhd. and disposed its 50% equity interest in PT M-Mode Indo, respectively.


Last DoneChangeChange (%)
MMODE0.535(0.025)4.67%
  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 1Y
1. Apr29. Apr27. May24. Jun22. Jul19. Aug16. Sep0.30.350.40.450.5May '13Jul '13Sep '13Jul 19, 2013 18:45MMODE: 0.40Quotes delayed by 15 mins
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Quarter Result:
F.Y.QuarterRevenue ('000)Profit before Tax ('000)Profit ('000)Profit Attb. to SH ('000)EPS (Cent)DPS (Cent)NAPS
2013-12-312013-06-3018,2494,2524,2524,2522.61-0.3565View Source
2013-12-312013-03-3114,9562,9782,9782,9781.83-0.3304View Source
2012-12-312012-12-3114,8682,9562,9562,9561.82-0.3230View Source
2012-12-312012-09-3015,0473,5443,5443,5442.18-0.3048View Source
2012-12-312012-06-3015,2663,3853,3853,3852.08-0.2880

Its quite simple really, undervalued, overlooked, good business platform.

WHY

- Consistenly good results. Cash flow positive.
- Undemanding valuations
- Gearing less than 8%
- Just made the Forbes List of Best 200 Under One Billion
- Cash pile of more than RM36m
- Rumours of corporate exercises to unlock value in the company