MOB, the stock for 2005

Chart Breakout near than you think :o)

LONDON (AFX) - UK mobile phone content developer MonsterMob Group PLC made its first foray into the Russian market after agreeing to buy local player
Mobicon for as much as 27 mln usd.
MonsterMob, which sells cellphone games and ring tones, said the takeover
would give give it a foothold in the world's third-largest mobile phone market,
which boasts some 100 mln users.
Mobicon owns and operates a number of brands in Russia, and MonsterMob
reckons it is the country's largest mobile content player by market share.
"We remain committed to obtaining leading market positions in emerging
markets where enormous potential exists and are actively pursuing a number of
further opportunities," said chief executive Martin Higginson in a statement.
The UK market for ringtones and games has reached saturation point, and
MonsterMob has made a number of acquisitions in less mature markets over the
past year, culminating in August's takeover of Chinese content group ATOP
Century Ltd for around 100 mln usd.
The final purchase price will be 3.5 times Mobicon's EBITDA for the 24
months to Dec 31 2007, which MonsterMob expects to be in the region of 27 mln
usd.
In the 10 months to Oct 31 2005, Mobicon recorded un-audited earnings before
interest, taxation, depreciation and amortisation of 2.6 mln usd on revenues of
15.0 mln.
Some 15 mln usd will be paid upfront in equal portions of cash, shares and
loan notes, with the remainder to be paid in new Monstermob stock between
September 2007 and March 2009.