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?

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

One suspects that MONI managers forgot that they are "standing on the shoulders of giants" - and the recent back-steps are the giants' way of preventing MONI getting too powerful.
MONI changed pricing, which may be good long-term, but it may have prompted the other suppliers to look at their positions too.
I think IBM is attempting a catch-up ( ever since they dropped the PC brick!!! 30years ago!!) - Timely+welcome for MONI for sure, but companies should never allow themselves to become too dependent (on anyone), whether that's sales, distribution, or production. "Doing everything" may be expensive ( as bright Accountants will show), but it ensures survivability and allows you to keep closer to the people.
I suspected MONI sp was too high, I just don't fathom any "barrier to entry" and they are dependent on all the existing infrastructure as well. ... so will wait and see, etc. 27p today, well off highs May"14= 70p and no dividend.
EDIT ( 5Dec2014)- Good news re Virgin Money - this is what is needed IMHO - long-run contracts, let's hope MONI makes as much out of the Deal as the customer.

New partnership with Turkey's Ziraat Bank sees Monitise's best-in-class design capabilities take centre stage

November 12, 2014: Monitise (LSE: MONI) today announces a new partnership with Ziraat Bank, one of Turkey's most well-established financial institutions, and the launch of the bank's new mobile service on iOS and Android. Monitise has designed the new apps which are set to transform the way consumers can engage with one of Turkey's largest and most historic banks.

To help customers to better manage their finances on the go, Ziraat Mobile's features include fast money transfer, a customisable homepage and simple transaction flows. Pages within the app were created using flat design trends, making content easier to view and manage.

Users can customise their dashboard to include chosen widgets and shortcuts and a welcome screen includes an ATM finder, real-time market data, calculation tools and offers from the bank.

Customer analysis highlighted speed and ease-of-use as key attributes for the design. In response, the menu structure enables users to complete transactions from a single screen and they can be completed in just three easy steps.

Ziraat Bank selected Monitise's team in Turkey - which has been designing award-winning mobile technology since 2005 - to deliver the user interface for the app. In taking a consumer-centric, 'human first' design approach, Monitise has introduced a new level of visual simplicity and an intuitive mobile experience for Ziraat Bank, to help drive deeper relationships with customers.

Since launching in 1863, Ziraat Bank has provided uninterrupted and market-leading services to its customers in the corporate, commercial, agricultural and retail banking sectors. Ziraat, which has a vision to be 'more than a bank', has more than 1,600 and 5,500 branches and ATMS respectively.

Fatih İşbecer, CEO of Monitise MEA, said, "It is now crucial for banks to differentiate their products with cutting-edge user experiences in order to stay competitive. As the channel which puts Ziraat Bank literally in the hands of consumers, developing a service which puts the needs of the customer first was key. With Ziraat Mobile we have showcased our years of innovation and design experience to create an experience which is both intuitive and simple, yet beautiful."

Peter Radcliffe, President International at Monitise, added: "There's a big opportunity to be had by offering next-generation mobile banking services which are designed with the needs of the consumer at the heart of them, in Turkey, the Middle East and globally. We're delighted to be working with such an iconic and historic bank within Turkey to offer a mobile service which does justice to the strong heritage of its brand in the connected age."

LONDON - Monitise plc announces it is in discussions to expand its commercial relationships with the Santander Group, the Telefónica Group and MasterCard Inc. (together, the "Strategic Partners"), to support the development and accelerated rollout of its global platform capabilities. Alongside this, IBM has agreed to deploy its cognitive computing engine, Watson, in support of Monitise's new technology platform. Monitise reiterates its current financial year and longer-term guidance as detailed below.

Monitise also announces an agreed £49.2 million in aggregate investment by the Strategic Partners. Pursuant to a binding subscription agreement, the Strategic Partners have agreed to subscribe, subject to Admission, for a total of 161,327,150 new ordinary shares of one pence each (the "New Shares") at 30.5 pence per share, the closing price per share on 26 November 2014. The New Shares represent 8.2% of the existing issued ordinary share capital and will be issued by the Company pursuant to existing authorities granted to the Directors.

In connection with their subscription, Telefónica and Santander will have the right, acting jointly, to nominate a single Non-Executive Director to be appointed by the Monitise Board.

The investment proceeds will be used for business development activities and further acceleration of investment in the Group's technology and working capital - ultimately increasing momentum for the on-boarding of partners and end-user adoption.

The commercial collaborations being discussed with the Strategic Partners include (subject to final agreement):
· Santander: An accelerated pipeline of opportunities leveraging Santander's expertise and scale together with Monitise's technology to build new Mobile Money capabilities for Santander, the largest Eurozone bank by market capitalisation.

· Telefónica: Developing new products and services, leveraging Telefónica's expertise and Monitise's capabilities. Telefónica, one of the largest mobile network operators in the world, has recently finalised an agreement to further such cooperation with two country roll-outs in Latin-America during 2015, including Brazil.

· MasterCard: Working on joint development and deployment of new digital payments services. These include cross-border mobile remittance capabilities, mobile transfer solutions and cloud-based payments services for businesses globally such as financial institutions, merchants, digital service providers and public sector organisations. These services will be available as configurable components of the Monitise platform in future.

In addition, Monitise is delighted to announce a deepening collaboration with IBM:
· IBM: the Group's alliance and resourcing partner, delivering cloud-based mobile commerce solutions to businesses globally, intends to contribute additional technology services and resources to augment the Monitise platform - this will include the deployment of Watson, IBM's cognitive computing and machine-learning technology.

The strengthening of Monitise's relationships with Santander, Telefónica, MasterCard and IBMwill serve to accelerate the take-up and roll-out of Monitise-enabled products and services. Monitise and each of Santander, Telefónica, MasterCard and IBM are looking to enter into binding agreements to reflect the expansion of these commercial relationships.

Monitise reiterates its guidance for this financial year of: at least 25% revenue growth year-on-year; continued investment in the Group's global infrastructure with FY 2015 capex estimated at £35-45m; its expectation to be EBITDA profitable in FY 2016; its longer-term guidance for FY 2018 of 200m registered users at £2.50 average revenue per user; an EBITDA margin of at least 30%; and a sustainable gross margin above 70%.

You beat me to it harry, just bought in.,.

Analyst Philip Carse - Discusses Monitise's new strategic partnerships

Click here