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, 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.

Monitise reveals new record for mobile banking adoption
StockMarketWire.com
Monitise has revealed a new record for the adoption ob mobile banking by Desert Schools Federal Credit Union.

Monitise - a leading technology and services company that delivers mobile banking, payments and commerce networks worldwide - said DSFCU reached 30% mobile banking adoption in 90 days.

Monitise says this is a new record in rapid adoption.

DSFCU also reported that early adopters of its mobile banking solution were two times more profitable than traditional banking members, and were averaging 46 interactions a month with the mobile banking application.

At 1:06pm: (LON:MONI) Marconi Corporation share price was +0.63p at 39.63p


Story provided by StockMarketWire.com

Trading Update
Monitise plc (LSE: MONI) will hold its Annual General Meeting in London at 10.00 am today. At the meeting, Chairman of Monitise, Duncan McIntyre, will provide the following update on trading:

"Trading at Monitise remains strong and is in line with expectations. We saw continued momentum in the business during the first quarter, including our Memorandum of Understanding with Bank of China (Hong Kong) and our recently announced global alliance agreement with Cognizant. We are delighted with the integration of Clairmail and our Monitise Americas business continues to perform well. Today, over 17 million registered customers globally have access to services delivered by our Monitise Enterprise Platform."