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?

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.

Yesterday close 17.75p was the lowest it seems, the bounce is now on, the Indicators are at oversold and it helps on the turning

Nice bounce back today with volume, after a 61.80% Fibonacci retracement and Indicators at oversold and rising

StockMarketWire.com
"Mobile money specialist, Monitise is proposing to raise 32.4m gross by placing new shares shares at 20.75p per share.

Visa International is to subscribe 6.6m and First Eastern Investment Group a further 2.1m. The balance is is to be raised through a fully underwritten placing of 23.6m.

Following completion, Visa's shareholding in Monitise will increase to 14.4 per cent.

The Group says unaudited revenues for the year ended 30 June 2010 are estimated to be approximately 6 million, an increase of 120% from 2.7 million in FY09. Revenues in the second half of FY10 are estimated to be 4.3 million, an increase of 170% from 1.6 million in the second half of FY09. Transactional revenues, in particular, are growing rapidly. "

Good news all around, can only do one thing and that is continue with the trend UP on the CHART

The share price is strong as the bid price is at best of the day, with volume of over 2 Millions.

Just needs a bit more of a push and we are into a BREAKOUT

from the FT.com ( tomorrow's )

Market Report - SMALL CAPS

Monitise rose 8.3 per cent to 22p on news it would raise 32.4m via a placing of new shares at 20p.

Visa was backing the cash call, and its stake in the mobile banking company will rise to 14.4 per cent as a result.

------------------------
Mail Market report 13 July ....

Mobile money specialists Monitise added 1.75p at 22.75p following a placing of 114m shares at 20.75p a share to raise 32.4m. The company has extended its partnership with credit card giant Visa by a further 12 months and plans to use the proceeds of the fundraising to expand its footprint in the Asia Pacific and Indian regions.

Two good size buys at middle price got the shares moving higher again 23 / 23.25p and now close to the top recently