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?

BBM Money Launches On Android and iOS

Visa to Undertake Assessment of Stake in Monitise

market clearly didn't like something this company did, or didn't as the cse may be

Visa Inc. to assess investment stake in Monitise

Visa only has a 5.5% stake anyway. They have been reducing for quite a while.

Yes it does seem extreme - still made a bit of a mess in one of my accounts though!

I don't think it is the % visa reduction in moni that is the worry - it is the fact visa and likely others are developing their own in house capability which means moni will lose business probably across the board - would expect more red

coming back maybe this is why?

Operational Highlights

· Continued growth in business amid transformational year

o Transition announced toward product-led, subscription-based business.

o Strengthened partnerships, new business wins and launches.

§ A new milestone in the Group's Telefónica partnership with the launch of Yaap Shopping, a European mobile commerce collaboration deployed commercially between financial institutions and telecom operators. Monitise is the technology partner working behind the service. More than 200 businesses are already participating in the scheme. Yaap is a joint venture in Spain involving Telefónica, Santander and CaixaBank.

§ Partnership with IBM expanded into a multi-year global alliance to deliver cloud-based Mobile Money Solutions, building on a joint go-to-market pipeline, and a resourcing agreement that forms part of Monitise's path to profitability in FY 2016.

§ First Chinese-language cloud-based Mobile Money platform was rolled out to PCCW customers in Hong Kong, with Bank of China (Hong Kong) as its launch bank.

§ BlackBerry Messenger Money services enhanced in Indonesia with bill payments functionality developed by Monitise.

glad i didn't allow myself to get suckered into this one :-)

good stuff - it was ok for a trade if out early enough around 34p

south again right now - there must have been a queue for the exit

Peter Ayliffe, Chairman, bought 270,270 shares in the company on the 18th September 2014 at a price of 27.75p. The Director now holds 520,270 shares.

I TOLD YOU SO SAYS THE SHERIFF OF AIM.

he he he.......... pmsl

what a wally he looks.

lol

http://uk.reuters.com/article/2014/09/18/us-visa-monitise-stakesale-idUKKBN0HD0TC20140918

"With tech giants Google Inc and Apple Inc launching free mobile payment systems, the role of traditional mobile payment companies are under question.

"If I were Visa, I would ask: What is Monitise bringing to the table in a world of Apple and Google? The answer is a blank sheet of paper," said Thomas Noyes, a financial technology investor and former head of channels at Citigroup's Global Consumer Group.

Visa has hired J.P. Morgan Securities for considering options for the Monitise investment.

Berenberg analyst Ali Khwaja told Reuters that the discontinuation of the contract would mean an about 10 percent reduction in Monitise's revenue.

"This is a big question mark on the management's credibility (to deliver numbers). It also raises questions about Visa Europe's stake and raises doubts about whether Visa Europe will continue to work with Monitise," Khwaja said."

oooooops - this isn't cricket!:

The Times 19th September 2014:

Monitise denies share sale deceit: The deputy Chief Executive of Monitise, the mobile payments technology company, cashed in more than £6 million worth of stock only three days before a heavyweight backer cut ties with it and sent its shares into freefall.

https://uk.finance.yahoo.com/news/why-d-still-sell-monitise-112236974.html

This probably accounts for yesteray's rise - IBM opens 'cloud computing' data center in RTP

.

UBS note today ...'Buy' target price 80p.

Articles in both Shares Mag and IC this week, which couldn't be more different.
IC barely makes a mention of the troubles with Visa and concludes that "MONI is growing fast, signing up high-profile partners, expanding internationally and making canny acquisitions. Teething pains from it's new strategy have hit the shares recently, but they remain well up on our long-standing buy tip. Now's not the time to back out. BUY".
SM (Steven Frazer) highlight the proposed selling of the stake by VISA and suggest that RBS and VISA Europe may also be looking at their holdings. Possible interest by IBM may be a saving grace, but SM say: "MONI has a lot of bridges to rebuild and we agree with the wider negative sentiment for now" (Panmure Gordon - Two revenue warnings and now this, we can only see downward pressure on the share price".

interesting thanks harry - maybe sub 25 not far off then