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?

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

on the move up and ready for the BREAKOUT, volume has been high lately, that is needed for the breakout.

Cut & paste boy with his boring f****** charts and dribble

Could MONI benefit from this news today........

PayPoint welcomes NLC's provisional decision

PayPoint welcomes the provisional decision to reject Camelot's
proposal to offer Ancillary Activities

PayPoint plc ("PayPoint") welcomes the National Lottery Commission's
announcement this morning of its provisional decision to reject Camelot's plan
to offer ancillary activities, including mobile top ups, bill payments and other
services, through its terminals.

Dominic Taylor, Chief Executive of PayPoint, said: "This is a victory for local
shops, including sub- post offices, whose earnings and footfall would be
undermined by this proposal. Today's decision should protect vulnerable people
from the increased temptation to gamble.

"It would be entirely wrong if Camelot were to be allowed to exploit its
monopoly position, and we are pleased that the National Lottery Commission has
accepted the compelling arguments that the proposal would have distorted
competition in the bill payments sector."

On the update IC says BUY today ( I foun it a bit late on the day, but better late than .......... )

INVESTORS CHRONICLE

Share Tips Updates
Falkland Oil & gas - Buy

Monitise - Buy

"Further to the announcement on 13 July 2010 concerning an equity fundraising, Monitise plc is pleased to announce that, at the General Meeting of the Company which took place earlier today, the resolutions put to shareholders, including those put forward to effect the fundraising of 32.4 million (gross), were duly passed.

The fundraising remains conditional upon admission of the new ordinary shares to trading on AIM. It is expected that admission and dealings in the new ordinary shares will occur at 8.00 a.m. on Friday 30 July 2010.

The Company will announce its preliminary results for the year ended 30 June 2010 on Wednesday 25 August 2010."

Next week could be interesting after loosing all the early gains last Friday, I can see a CUP an HANDLE developing on the chart with larger volume than usual as is moving higher forming the handle before the BREAKOUT.

No breakout on the graph, but holding steady around the 21p level & constant rumours that a predator will/should be interested as mobile payment systems become the norm.

StockMarketWire.com
Monitise cut to sell from hold at Canaccord, target price 19p

MONITISE LAUNCHES ADVANCED CONTACTLESS PAYMENTS TECHNOLOGY FOR SMARTPHONES

"Monitise today announced a partnership with DeviceFidelity to launch the world's most advanced mobile payments technology that will allow mobile phone users to conduct Visa payWave transactions.

The new service uses Monitise's Mobile Money Manager technology platform , to which over 250 financial institutions are signed up globally, and will allow smartphone users to pay retailers simply by 'swiping' their handset over a pay point."