I dismissed this company as froth when I first looked at it. Since then the sp has doubled and continues to steadily rise. I looked again and when I saw the countries and contracts this firm is in---I was impressed and bought some to tuck away. anyone else bought in or interested?

StockMarketWire.com
Monitise has entered into an agreement to acquire Clairmail Inc, a US provider of mobile banking and payments solutions.

The deal further enhances Monitise's position in the fast expanding mobile money market. Clairmail is growing rapidly with revenues in 2011 up by 90% year on year.

The Acquisition consideration will be satisfied entirely by the issue of up to 312,787,144 new Ordinary Shares representing approximately 26.5% of the fully diluted share capital of the enlarged Company1, post completion, and values Clairmail at approximately US$1732m (£109m), based on Monitise's share price of 35.0 p as of the close of trading on March 23, 2012.

The deal is conditional upon US regulatory and shareholder approvals. It is expected that the Acquisition will be completed before the end of the financial year 2012.

I quite like Monitise and their prospects but it would have been nicer to see that acquisition at least partly funded by debt rather than shares.

Interesting dollar/pound exchange rate in that story!

From The Times at the w/e:
One of the country’s fastest-growing technology companies is to go overseas in search of a new listing because of what it says is the failure of British investors to appreciate high-growth, high-risk shares.

Monitise is weighing up its next move after outgrowing the Alternative Investment Market. The £300 million mobile payments software business has yet to decide where it will list its shares, but the bruising experience of dealing with the City over the past decade has pushed it towards markets with more appetite for risk.
Its founder Alastair Lukies said:
“It’s about short-term profitability full stop. Even though we’ve created a half-a-billion dollar business they will not invest in us unless we pay a dividend.”

Joint Venture completes Jakarta Data Centre installation
Services to span mobile banking, payments and commerce for banked and unbanked customers

Jakarta, 11 April 2012 - Monitise Asia Pacific announced today that its joint venture with a subsidiary of PT Astra Graphia Tbk, was ready for business. The joint venture - PT AGIT Monitise Indonesia - has successfully completed its installation in a Jakarta-based data centre to support the full spectrum of mobile banking, payments and commerce.

The platform will allow banks, mobile operators, retailers and other service providers to connect via a fully interoperable and secure network so they can deliver mobile services to both banked and unbanked customers. AGIT is providing both data centre services and local management support for the venture.

PT AGIT Monitise Indonesia is a joint venture between Monitise Asia Pacific and Astra Graphia Information Technology (AGIT). Monitise Asia Pacific is itself a 50/50 joint venture between Monitise plc (LSE: MONI) and the First Eastern Investment Group.

April 12, 2012

Mobile app puts HSBC customers in control of their money
HSBC UK has launched its Fast Balance app which gives the bank's retail customers instant access to their account balance and recent transactions direct from their smartphone. Fast Balance is available on iPhone and will soon be launched for Android and Blackberry phones.

Users can easily and securely access up to 10 accounts via their smartphone, check their balances and review the six most recent transactions on screen. They can also top up airtime for up to five mobile phones.

Fast Balance has been developed by Monitise with HSBC as part of a new three-year deal with the technology and services company to develop and support them.

Popped in to keep you company HARRY , bought a few of these today :)

Terrific potential, but be careful as the CEO is not happy with the amount of institutional investment and is threatening to de-list from AIM and go elsewhere. Am out at the moment, mainly because I think this summer could be a bit grim on the investment front, so am targeting divi payers and will have another review of my options in august.

Hi HARRY ,they may list on Nasdaq ,my broker said there wont be a problem selling them if they do ,i only bought a few to tuck away for the year.. I think you may be right about the summer ,i'll be looking for bargains if we have a pullback.

Harry this one reminds us of BLNX lots of deals but little positive impact on the bottom line.

Thought this was an interesting little article on mobile money:

Economist - The Bank Of SMS

A big drop on the back of no news!???

Any interested party in buying stock, now should be a good opportunity 30.50p.

Buyers are returning since the earlier drop this morning

STANDARD CHARTERED BANK

HAS REDUCE their stake to 2.61%

selling 3.50M shares on the Market lately, no wonder the share price went down.

Nice bounce today up to 32.25p offer

two large trades after hours most likely the overhang being cleared as the
share price starting this morning over the closing price yesterday 30.25p

Still a big risk of this company delisting from the LSE, so not sure that it is a good investment, except for a short term trade.

TAKE NOTICE

Delisting or dual listing on the Nasdaq, would be the best thing for the company share price

I had TELEWEST ( Virgin now ) on the past, and as soon as they went to the USA listing the share shoot UP and got better

Not if it delists, because you would then hold NYSE stock in $, assuming you didn't sell before the delist date. Dual listing would be fine, but that is not what the CEO is considering atm. LSE/institutional investment is p*ssing him off big time.

Whats wrong with holding in $ HARRY ,i've done it before its no problem.

Nothing wrong with it, but makes life a little more complicated with currency conversion, charges and ease of trading. I am sure many private investors would not want stock in $, though I know MONI are much more interested in the big investors.

32.25 / 32.75P +2.25P

A few very large trades just now
Has moved the volume to 47M

one delayed trade of 3.5M at 35p