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?

Finland's OP-Pohjola Group enters mPOS agreement with Monitise
New three-year mPOS partnership is first of its kind by a Finnish bank

OP-Pohjola Group, Finland's leading banking group, has signed a three-year deal with global Mobile Money specialists Monitise (LSE: MONI) to provide multi-language mobile Point of Sale (mPOS) services for its small business and merchant customers. OP-Pohjola Group is set to be the first Finnish bank to offer an mPOS service.

OP-Pohjola Group comprises around 200 member cooperative banks, OP-Pohjola Group Central Cooperative and its subsidiaries and closely-related companies. As a group, it is the largest bank in Finland.

The new service to be launched by OP-Pohjola Group and Monitise will enable the bank's small business and merchant customers to take card payments and view recent transactions via mobile. OP-Pohjola Group merchant customers will also be able to generate digital tax credit receipts to reclaim up to half of the value of qualifying invoices as part of a government-backed scheme in Finland*.

The service will be available initially across iOS and Android platforms, and in Finnish, Swedish and English languages.

Monitise acquires Turkey's Pozitron

Monitise plc (LSE: MONI.L) ("Monitise", the "Company" or the "Group") announces the acquisition of Pozitron Yazilim A.S., a privately-owned mobile technology company based in Turkey, delivering mobile banking, payments and commerce solutions to businesses in its home market, the Middle East and internationally.

"This acquisition of Pozitron further reinforces our leading position as a global technology enabler at the heart of the Mobile Money ecosystem," said Monitise Group Chief Executive Alastair Lukies. "It comes at a time when we are seeing increasing demand for interoperable Mobile Money services as payments become more digital by the day, not only in Turkey, Europe and the Middle East but also around the world."

The entire issued share capital of Pozitron has been acquired via an all share deal. The initial consideration is to be satisfied by the issue of 35,925,589 new ordinary shares of 1p each in the Company ("Ordinary Shares"), valued at £24m, based on the closing share price of 66.5p on Friday 31 January, 2014, with an earn-out consideration of up to £36m payable, in Ordinary Shares or cash at Monitise's discretion, on the achievement of aggressive performance-related targets over three years. Pozitron, like Monitise, is achieving high revenue growth rates. The Pozitron business, with around 130 employees, is profitable, debt free and has a £2m cash balance on acquisition.

Istanbul-based Pozitron, a leading business in Turkey's Mobile Money space, powers next generation Mobile Money solutions for more than 30 leading enterprises across banking, telecoms, retail and pharmaceuticals, including Turkish Airlines, eBay, ING, TEB, which is part of BNP Paribas,GlaxoSmithKline and Hepsiburada.com, Turkey's equivalent to Amazon. Financial services partners in its home market include Türkiye İş Bankası, the largest bank in Turkey, Yapı Kredi, the fourth-largest private bank in Turkey and BKM, the country's national payments switch. In the Middle East, Pozitron's customers include ANB, one of the largest 15 banks in the Middle East, and QIB, the largest Islamic bank in Qatar.

The Pozitron business, which has been led by Chief Executive and Turkish entrepreneur Fatih İşbecer, will report into Peter Radcliffe, President, International, Monitise.

İşbecer founded the business in 2000, initially as a software development company before evolving it to a mobile-first technology business in 2005. Pozitron, which won the Global Business Plan Contest organised by Harvard Business School in 2008 for an integrated mobile banking product, is a Deloitte Top 10 fastest growing business in Turkey and a Deloitte Technology Fast500 EMEA winner in 2011, 2012 and 2013.

Canaccord up's price target for Monitise...........................


03 Feb 14 Monitise PLC Canaccord Genuity Buy 66.75 70.00 80.00 Reiterates

half year results on 19th feb.

Barclays Capital Overweight 66.88 66.75 75.00 75.00 Reiterates

good steady sp rise up 5%

Surely lower highs, lower lows now?

So are you selling?

Sold some QPP today and sitting waiting for MONI to settle. Don't currently hold.
As I posted a while back, I have actively traded this stock as I found it a little frustrating that big institutional investors were heavily invested, yet the sp did little for quite a while. I remember the guy in charge threatening to delist here and to move over to the NY stock exchange as he was getting frustrated that investors here weren't taking his company seriously.
Markets are looking a little bit jittery at the moment (Moni's beta is 1.21), so am happy to sit on cash for a week or so. Sub 65p here would interest me!

Unlike QPP & COMS, I don't own these - SB only.

I think we were at 65.5p the other day HARRY .

Oh damn! Now you tell me! ;o)
Was actually fully invested, but am now solvent again, so hunting for opportunities.

last IMS suggests turnover will be up 50%, Visa is a major shareholder and their recent results were pretty good.

LONDON - Monitise (LSE: MONI) today announced it was named winner of an IBM Choice Award for High-Performing New Business Partner.
Announced at the IBM PartnerWorld Leadership Conference in Las Vegas, Nevada, United States, IBM's Choice Awards recognise a select number of IBM Business Partners who exhibit IBM values in all client interactions and achieve common business goals and mutually significant business impact. The Choice Awards, selected by IBM leadership in each geography, are given to Business Partners across a range of categories, recognising their working relationships with clients and demonstrated skills in selling IBM solutions.

"The IBM Choice Awards recognise Business Partners in each geographic region for their outstanding performance and commitment to upholding IBM values in all client interactions," said Dave Kay, VP Global Business Partners,IBM Europe. "Each year, we look forward to distinguishing these IBM Business Partners for delivering client value across our business and around the world."

Commenting on the accolade, Monitise's Chief Information Officer Mike Keyworth said: "Our partnership with IBM plays a key role in the extension of our cloud-based mobile banking, payments and commerce services as we scale to meet increasing demand from financial institutions. Together with IBM we are working to connect our customers with other relevant ecosystem members and deliver innovations which help businesses unlock the full potential of mobile by driving deeper levels of engagement."

Keyworth added: "As a global leader in its field and a company which epitomises what the connected world is all about, IBM is a natural ally for our business as we grow our international footprint. We're therefore extremely honoured to be recognised with this award as part of our journey at the centre of the Mobile Money ecosystem."

Easy down in the morning
Easy up on the afternoon

Very helpful widow twanky.

Interim Results

Financial Highlights

· H1 FY 2014 revenue £46.5m, up 67% on H1 FY 2013.

· Gross margin increased to 73% from 72% in H1 FY 2013, with user generated margin particularly strong, owing to a number of product licence deals following recent customer wins and renewals.

· EBITDA (1) loss of £10.2m (H1 FY 2013 loss: £14.7m).

· Adjusted loss after tax (2) of £16.4m (H1 FY 2013 loss: £21.0m) and adjusted loss per share of 1.0p (H1 FY 2013 loss: 1.8p). Statutory loss after tax of £22.0m (H1 FY 2013 loss: £30.3m) with loss per share of 1.4p (H1 FY 2013 loss: 2.6p).

· Group net cash of £66.2m as at 31 December 2013. Free cash outflow (3)of £20.3m compared to £21.6m in H1 FY 2013.


more..

Seems the market wasn't overly impressed with the figures. I wonder if they were expecting a greater narrowing of the loss towards profitability? Down c7% so far.

Canaccord Genuity Buy 67.88 80.00 80.00 Reiterates

Barclays Capital Overweight 66.75 68.00 75.00 75.00 Reiterates