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?

12 month high.

That's better!

Better again! Shares mag has a buy recommendation with a target price of 60p. Kiss of death?! ;o)

Lloyds and Monitise small business mobile solution

Lloyds Bank Commercial Banking agrees partnership with Monitise mPOS to develop mobile payment solutions and future mobile banking services

Lloyds Bank Commercial Banking has partnered with Monitise (LSE: MONI) to develop a suite of mobile card acceptance solutions for micro-merchants, start-ups and small business owners.

The partnership will offer a suite of mobile payments products from Autumn 2013. With the number of UK private businesses increasing for the 12th consecutive year, reaching 4.8m at the start of 2012*, the Mobile Point of Sale(mPOS) solution will offer a fast and secure way for them to take payments. In addition this partnership provides the basis to offer additional mobile banking services and business solutions in the future.

Monitise announces partnership with Telefónica

Monitise plc (LSE: MONI) is delighted to announce it has become the preferred Mobile Money technology partner for Telefónica Digital to develop and manage new and existing mobile payment and commerce services for its customers.

The two companies have entered a five-year agreement involving substantial minimum revenues to Monitise. The initial focus of the partnership will be in the UK.

The total minimum revenues are not dissimilar to those recently announced in the Group's new partnership with Visa Europe, Europe's largest payments processor, and underpin Monitise's revenue expectations for the 2013 financial year and future growth expectations.

Note from house broker Canaccord:
What’s new?
Monitise has announced an agreement with Telefonica Digital to develop and manage mobile payment and commerce services. The contract extends over five years and involves minimum revenues within range of the recently announced partnership with Visa Europe ($60m (€45m) over three years). The majority of the revenues from the contract will be user generated fees. Transaction fees on future mobile money services are incremental. Under the agreement, Monitise becomes Telefonica Digital’s preferred partner in mobile payments and commerce platforms. The initial focus of the partnership will be the UK but as preferred partner the expectation is that Monitise will be working with Telefonica Digital across other territories.
The contract expands our view of Monitise and its addressable market. Monitise has become not just an enabler of mobile money for banks but now also for mobile network operators (MNOs). The contract is Monitise’s first major alliance outside the traditional financial institutions. We see it leading to opportunities with other companies in the mobile ecosystem. Today’s ground-breaking agreement opens a new market for Monitise.

We believe adding a MNO partner may significantly improve the success of mobile money services supported by Monitise. In our view, success in mobile money requires active collaboration between the three major ecosystems that drive mobile money – financial, mobile and retail. The addition of a major MNO to Monitise’s platform allows it to provide highly collaborative mobile money services actively supported by both MNOs and financial institutions. We believe Monitise is now in a unique position, spanning multiple ecosystems.

We view Telefonica as an ideal MNO with which to collaborate: it is the world’s third-largest mobile operator with 241m mobile subscribers and 316m total subscribers with particular strength in Latin America. Equally important, we believe Telefonica is one of the most dynamic and innovative MNOs in the mobile money market.
Valuation
The contract strongly underpins FY13 results and our expectations for growth in FY14. We estimate the agreement is one of Monitise’s largest annual revenue generators, with opportunities to increase in value over time. We reiterate our BUY recommendation and DCF-based target price of 50p.
Share performance catalyst
We expect Monitise to report strong full year results in August.

StockMarketWire.com
Monitise said Movida, its mobile payments joint venture with Visa, has won a deal with ICICI Bank, India's largest private sector bank.

The deal is to utilise Movida's mobile payments service for the Bank's customers.

The service will enable ICICI Bank payment card holders to pay bills, recharge prepaid airtime and buy cinema tickets from their mobile phone, anywhere, anytime.

It will be possible to access Movida either through a menu-based USSD mobile technology, or an Interactive Voice Response (IVR) in multiple languages. These options make the service easy to use and are widely available from any type of mobile phone, including basic models.

Trading Update

Highlights

· Full-year 2013 revenue of at least £70m, compared to £36m in FY 2012, representing another year of substantial growth across the Monitise Group.

· Gross margins for the year above 70% with H2 particularly strong owing to a number of significant licence deals (FY 2012: 66%).

· Net cash at year-end of £85.6m.

· Over 23 million registered users to the Monitise platform.

· Further growth in live transactions with 2.4bn transactions on an annualised basis.

· Payments and transfers initiated via Monitise technology now worth $40bn on an annualised basis.

· Monitise partners and clients in the US include Visa Inc., FIS, American Savings Bank, Webster Bank, BMO Bank of Montreal, Fifth Third Bank, PNC, US Bank, Frost Bank, UMB, First Citizens, Alerus Financial, Veridian and Desert Schools Federal Credit Union.

Monitise and IBM mobile commerce partnership

Armonk, N.Y. and London, UK - 4 September 2013: IBM (NYSE: IBM) and Monitise (LSE: MONI) today announced an agreement that boosts Visa Europe's ability to provide its member banks with new mobile banking, payment and commerce services in the cloud for its customers. IBM will help Monitise extend and scale the adoption of these services with Visa Europe and develop additional services to bring to the mobile marketplace.

By supporting Monitise solutions with IBM's Smarter Commerce initiative, member banks from Visa Europe can accelerate the deployment of a broad range of mobile services on all types of devices. These mobile services enable its customers to more easily manage their money, make transactions and connect with relevant retailers from their mobile device.

Visa predicts that by 2020, more than half of its transactions will be carried out on a mobile device. Today there are 466 million Visa accounts in Europe accounting for one in every 6.75 euros spent daily. With these new enhanced mobile services provided by Monitise and IBM, Visa Europe will enable its 3,000+ member banks across 36 countries to increase their share of these transactions and accelerate the scale of their mobile offerings to meet evolving customer banking needs.


more...

Goldman Sachs Conviction Buy 45.88 46.00 60.00 100.00 Reiterates

In Auction +14.7%.

A decent rise at last. Hmm, that's what my wife said last night, she must be psychic! :o)

Prliminary Results

Financial Highlights

· Full-year revenue more than doubled for the fourth year in succession, rising to £72.8m from £36.1m, an increase of 102%. Revenue growth was 50% on an organic basis(1).

· Gross margin increased to 76% from 66% in FY 2012, with user generated margin particularly strong, owing to a number of significant product licence deals.

· Group EBITDA(2) loss of £19.3m for the year (FY 2012: £10.4m), which takes into account the acquisition of Clairmail Inc., Mobile Money Network and eMerit Solutions, continued investment in scaling Monitise's platform technology and Group service delivery capabilities as services were launched across three continents.

· Adjusted3 loss for the year was £32.8m (FY 2012: £18.2m) and adjusted loss per share was 2.4p (FY 2012: 2.4p). Statutory Loss before tax in the year was £51.1m (FY 2012: £16.9m), with loss per share at 3.8p per share (FY 2012: 2.1p).

· Group net cash of £85.6m at 30 June 2013.

Canaccord Genuity Buy 50.50 53.75 50.00 70.00 Reiterates

Nice work if you can get it!

Directors' Dealings, Option Exercises and Grants

Not bad at all! I've sent in my CV!

Another stab @54p.

Watch: Monitise (MONI) - Preliminary results
Speakers
Alastair Lukies, CEO &
Brad Petzer, CFO

CLICK HERE

Canaccord note:
"Monitise’s strong FY13 EBITDA performance puts it on a strong trajectory towards breakeven at the end of FY14. EBITDA jumped from -£14.7m in H1 FY13 to -£4.6m in H2 FY13. This half-on-half trend makes our FY14 -£2.2m EBITDA forecast appear conservative. However, we are aware of the effect of strong licence revenues in H2 FY13, seasonality and related investments. We remain confident in our forecast. We expect Monitise to see further momentum in licence sales. FY13 user generated revenue was boosted by £13.7m of licence sales due to the Visa Europe and Telefonica deals. Monitise continues to see more licence deals being signed in FY14. We expect Monitise to sustain this revenue line.
We believe interest in mobile money is accelerating again. Compared to a year ago, Monitise’s deal flow has broadened considerably by industry (banks, telcos, technology companies), product (mPOS, mbanking, mcommerce, mpayments, P2P, prepaid), geographies (North America, UK, Europe, Asia) and partners (systems integrators, technology companies, card issuers). We upgrade our DCF-based target price to 70p (previously 50p).
We are positive on the Grapple acquisition. We believe Grapple’s focus on design and user interface is a good complement to Monitise’s focus on infrastructure. Grapple has a blue chip client base that should offer cross-selling opportunities over the long term. Moreover, we believe Grapple’s services will be well received by Monitise’s large customer base."