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?

mmmm bad day!!! d o w n she goes!

18.75p mid. Now looking for good consolidation of the sp at around 20p.

Business Financial Newswire
"Mobile money specialist Monitise reported a 57% growth in revenue to 1.7m from 1.1m for the six months to December 31.

Annualised run rate revenue was 5m, a 66% increase on the June figure, and the company said it expected this trend to continue in the second half.

Registered customers totalled 1.75m, more than 1m up on June and growing by 150,000 a month.

Monitise said it was seeing an improved mix of revenue, with transactional fees reflecting almost 50% of H1 turnover.

The company made an pre-exceptional operating loss of 6.9m, up from the previous 6.0m, which it said reflected increased investment following the acquisition of the remaining 50% of UK mobile banking network Monilink plus continued investment in geographical expansion and product development.

Excluding the impact of the Monilink acquisition, the operating loss remained flat at 6.0m.

Monitise ended the half with a cash balance of 9.5m. It received up to 15.8m additional funding post-period in subscriptions from new and existing investors "

Business Financial Newswire
"Monitise started at Evolution with buy rating, 22p price target."

HC
whats their "what if i am wrong" target? do they have one?
just wondering.
regards
jkd

16p, then 14, then 12p, I'm guessing. 14p looks to have good support though.
Broker get it wrong!!!!! Shame on you! ;o)

HC
looks good,( not really) but only if you bought below say12? may or may not be a hold at this current level although price does look vulnerable to pull back. those thinking of buying or adding might find better value is still to come.those thinking of selling all or part at profit might find same, just my opinion. as always please dyor.
regards
jkd

sudden upward surge this afternoon, news coming?

significant buying activity towards the close.

good volume again today sp moving up steadily.

Business Financial Newswire
"Mobile payments business, Monitise says that revenue growth is in line with expectations.

The Company adds that it has now acquired more than 2m customers for its live services in the UK and USA and that adoption of its smartphone apps continues to be strong and to have a positive effect on average revenue per user.

A new contract to provide mobile banking services to RBS has also been signed and work is well underway to establish the Mobile Money network with the Carphone Warehouse.

Territorial expansion is progressing in India and Monitise says that it expects to make an announcement regarding Asia Pacific shortly. "

nice buying towards the close 25p on the cards.

Hmmmm.... That would be nice! Selftrade still holding it's 26p target.

sooner or later somebody will take them over ioho.

Huge number of options exercised today by directors, together with an equally large number of options granted, hence the number of shares traded today (approx 27.8m so far)

directors sales to pay tax on options they have retained most of the shares awarded and agreed not to sell any further shares for 2 years, which suggests to us they are pretty confident which way the sp will go... onwards and upwards!

Business Financial Newswire
"Mobile money networks and technology group Monitise has signed a 50/50 joint venture agreement with Hong Kong-based shareholder First Eastern to develop services in the Asia Pacific region.

The group has secured additional funding of 5.6m, with First Eastern increasing its stake.

The agreement follows heads of terms announced on December 17.

Monitise says First Eastern has extensive reach from its Hong Kong base into China and throughout Asia. The JV 'will build on the substantial potential from First Eastern's wealth of contacts and outstanding track record of investing in and helping grow world-class businesses'.

CEO Alastair Lukies, said, 'First Eastern is a superb partner for us. The joint venture enables us to develop these new markets with real confidence, giving us both fast entry and sustainability.

'At the same time First Eastern's experience will add enormously to Monitise as we seek to lead the world in mobile banking and payments capabilities.'

First Eastern and UBS Asset Management (UK) will respectively subscribe for 2.5m and 0.3m shares in Monitise at 13p per share.

First Eastern will also exercise its warrant to subscribe for a further 2.5m of shares at 15p. UBS will subscribe for a further 0.3m at 15p.

The total cash inflow from these transactions will be 5.6m, bringing Monitise's total cash position to 18.3m.

First Eastern companies will increase their holding from 7.7% to 13.9% and UBS from 8.5% to 8.6%. "

steady buying today following RNS confirming VISA's 13.6% shareholding.

Apparently EK is long MONI. Let's hope he doesn't jinx it!

moving up nicely today.