STREAM GROUP mobile content provider -> WHITE WATER PROFITS

Well it's about time for a decent rise. Even though I bought this as a long-term buy, it is now looking very well placed for some large short-term gains as well. We have confirmation that full year results are in-line with expectations, even though previously (in the interims), we were told that this was not the case, So it looks like the performance is even better than anticipated. This confirmation went almost unnoticed, with just a small rise in the share price. For sure, the MCHEX aquisition has been dragging the overall performance down, but this should start to come on line soon anyway. If we strip out the MCHEX aquisition, then the underlying fundamentals look extremely attractive.

With the trading statement due in mid-January, (and we already know that this is looking good), and the on-line banking due for launch soon, as well the current cheap price, this stock is well overdue for a re-rating, and 60-70p by the end of January doesn't look unreasonable to me.