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
Mobile banking group Monitise said full-year revenues are expected to be about $53m (£34m), nearly two and a half times the $22m (£14m) last year.

This will be the third successive year that revenue has more than doubled compared to the previous year.

Profitability in live operations continues to show very strong year-on-year growth.

Gross margins for the year are expected to be in the region of 66%, compared with 62% last year, and on track to hit more than 70% by the second half of 2012/13.

Demand for the Monitise Enterprise Platform is at an all-time high and investment in the platform and its global reach continues in line with market demand.

Total Monitise registered customers are approaching 16m, three and a half times the level seen at the time of Monitise's full-year results in September 2011. The group is attracting well over half a million new registered customers per month.

The acquisition of Clairmail at the end of June further enhances Monitise's position as the global leader in the fast expanding Mobile Money market.

The order book of the combined Group at the end of June 2012, comprised of more than $170m committed minimum orders, plus a further $250m of additional revenues expected from existing contractual arrangements, making more than $420m (£270m) in total.

Around $75m (£48m) of this order cover is expected to flow through to revenues in 2012/13.

Total Group revenues in 2012/13 are expected to be in the region of $110m (£70m).

The Group remains on track for EBITDA break-even by December 2013.

Monitise now provides Mobile Money services to over 300 financial institutions and partners, including a third of the top 50 financial institutions and of these eight of the top 13 in North America.

Combined business handles over a billion transactions per annum, as well as payments and transfers worth $15bn on a current weekly annualised basis.

For 2011/12 it is expected that a move to equity accounting (2) will result in a $3m (£2m) increase in reported full-year revenues to approximately $56m (£36m).

StockMarketWire.com
Monitise, the technology and services company delivering mobile banking, payments and commerce networks worldwide, says it has invested significantly in its Monitise Enterprise Platform and technology over the past few years and has completed four major customer launches during June and July.

The company has a strong pipeline of future deployments. At the end of the 2011/2012 financial year, Monitise had £20m gross cash and £10m of debt from the acquisition of Clairmail. Monitise has repaid approximately half of the debt post year end.

The company has brought forward EBITDA breakeven guidance by a full quarter to September 2013.

It has been approached by a number of global technology companies interested in partnering and reselling Monitise's capabilities.

Monitise has announced its intention to undertake a proposed placing of ordinary shares to raise gross proceeds of up to £24m.

Discussions will take place with major shareholders regarding the opportunity of taking part in the proposed placing on a non pre-emptive basis. Depending on demand the strategic investors may be scaled back.

Once completed, will ensure that the Group maintains a strong balance sheet, and provides headroom for other investment opportunities.

Alastair Lukies, Group CEO, Monitise plc, said: "The Mobile Money industry is gaining more attention, investment and profile than ever before. At Monitise we believe that our bank and payment industry centric approach is delivering sustainable shareholder value and creates an infrastructure that will be used for generations. We are excited by the opportunities ahead of us and focused on delivering profitability earlier than anticipated." Duncan McIntyre, Chairman, Monitise plc, commented: "In June 2012 we completed our acquisition of Clairmail and then also launched four major customer releases which help to underpin our future growth and market leading position. The integration of Clairmail is progressing well and is further accelerating our strong growth in the US market.

"We are in a unique position in this exciting industry and ensuring that we have a suitable capital base is vital if we are to deliver on the substantial potential of the business. We are delighted that our major partners are fully supportive of our strategy."

StockMarketWire.com
Monitise, the technology and services company delivering mobile banking, payments and commerce networks worldwide, is raising up to £24m through the issue of up to 81m new shares.

It has announced that it has entered into a subscription agreement with Visa Europe and separately, a subscription agreement with Visa International, a subsidiary.

Visa Europe has agreed to subscribe for 45,250,000 shares and Visa International has agreed to subscribe for 7,640,000 shares, in each case at a price of 28.25p per share.

It is now intended that up to 28,110,000 shares will be issued to certain institutional investors by way of a placing at a price of 28.25p per share.

The new shares are being admitted to trading on AIM and this is expected to occur next Wednesday.

Seymour Pierce repeats 'buy' recommendation on Monitise after Visa Europa raises stake
Seymour Pierce currently has a 60p per share target price on Monitise - nearly double today's closing price of 30.5p

http://www.proactiveinvestors.co.uk/companies/news/47315/seymour-pierce-repeats-buy-recommendation-on-monitise-after-visa-europa-raises-stake-47315.html

Harry - what is you current view on these?

81m shares to be issued next wed at 28.25p and also CEO was so disappointed with AIM investment in MONI that he has threatened to switch to NYSE. Can't see any point in investing before next wed. Also don't forget that there are other companies offering the same product/service, though VISA are supporting this one. I would say that A. Lukies is very proactive and firmly believes that his product is the market leader, but.......early days for this technology and some of them are going to fall by the wayside.
I'm not in atm and sp firmly in down trend, but always on my watchlist and often have a punt at around 26p. Not happy holding long term at present.

Ok thanks Harry.

.

Completion of Placing

Pursuant to the announcement released on 24 August 2012, Monitise plc (LSE: MONI.L, "Monitise" or the "Company"), the technology and services company delivering mobile banking, payments and commerce networks worldwide, is pleased to announce that it has successfully placed 28,110,000 shares at a price of 28.25 pence with certain institutional investors. Further details of the Placing are set out in the announcement released on 24 August 2012. Application has been made for the Placing Shares to be admitted to trading on AIM and it is expected that admission will take place at 8.00 a.m. on 31 August 2012.

Any idea/links which companies are offering the same product/service ?

Most of them seem to be american, but some UK banks seem to be going it alone, such as Barclays 'Pingit', except that on the list in the link below, Clairmail is now Monitise. Also, don't forget PayPal which is owned by E-Bay.

http://www.jazdcommunications.com/commtech/leaf/Mobility/Mobile-Banking.htm

HARRYCAT

Thanks

Preliminary Results

REVENUE MORE THAN DOUBLES FOR THIRD YEAR IN A ROW

CONSOLIDATED LEADERSHIP POSITION FOLLOWING ACQUISITION IN US

REVENUE GUIDANCE FOR 2012/2013 £70M ($110M) (1) MINIMUM

ORDER BOOK UNDERSCORES CONTINUED MOMENTUM IN GLOBAL BUSINESS

REGISTERED CUSTOMERS PASS 17M, COMPARED WITH 4.5M A YEAR AGO

Financial Highlights (2)

· Full-year revenues more than doubled for the third year in succession, up to £36.1m from £15.3m, an increase of 136%.

· Gross margins increased to 66% from 62% in 2010/2011, with margin improvement in both development revenues and user generated revenues.

· Profitability in Live Operations (3) continues to build, with EBITDA of £10.6m, up from £3.9m in 2010/2011.

· Group EBITDA(4) loss of £10.4m for the year, an improvement of £1.5m on the previous year and in line with expectations.

· Group operating loss(5) of £13.7m (2010/2011: £12.8m), reflecting higher depreciation and amortisation resulting from peak investment made in scaling the capability of both the Monitise Enterprise Platform and in service delivery over the past two years.

· Group gross cash at 30 June 2012 was £19.6m, with £9.7m of Clairmail inherited debt. Monitise repaid approximately half of the debt post year end.

· Post year end equity raise in August 2012 of £22.4m net ensures that the Group maintains a strong balance sheet.

Bank of China and Monitise Partnership

London, 04 September 2012 - Bank of China (Hong Kong) Limited ("BOCHK") and Monitise Asia Pacific's Hong Kong Business have jointly signed a Memorandum of Understanding, forming a partnership to explore new ways for people to make payments on their mobile phones.

Continuing good figures and another step forward in expanding the list of partners, yet the sp still trades within a set range. Frustrating for all, including the CEO.

Harry perhaps their operating loss of £13.7m has spooked the market.

This might be worth a listen - MONITISE STRATEGY DIRECTOR, RICHARD JOHNSON webcast

MONITISE STRATEGY DIRECTOR, RICHARD JOHNSON, WILL PRESENT:

What we call the mobile wallet wars & who the players are in the battlefield

Why putting a smartphone app on the front of Internet Banking isn’t enough

How banks can defend & extend their role in banking, payments and commerce

Our approach to winning in just 5 simple steps

The webcast link above is from the Times supplement of last Tuesday.

The supplement was put together by Raconteur well worth a look.

Monitise and Cognizant Form Mobile Money Alliance

TEANECK, N.J., and LONDON, UK, October 4th, 2012-Cognizant (NASDAQ: CTSH) and Monitise (LSE: MONI) today announced a global alliance that will help financial institutions embrace the mobile channel of interaction, and develop effective and innovative mobile banking, payments, and commerce solutions.

Combining Cognizant's extensive financial services and mobility expertise with Monitise's leading mobile money platform, the alliance will help global financial institutions speedily respond to the mobile money opportunity that is gathering significant momentum. By leveraging an interoperable platform instead of solutions from disparate products and mobile operating systems, financial institutions will be able to lower the total cost of ownership, and drive newer revenue streams through enhanced mobile adoption.

Wait till 2pm for the yanks to run with this good news.
A serious alliance for both Moni and Cognizant.