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?

Nibbled some at 21.25p

Order book back looking healthy.

MoneyPass® partners with Monitise to offer mobile card services

http://www.moneyam.com/action/news/showArticle?id=4959457

January 16, 2015: Monitise plc (LSE: MONI) will report interim results for its unaudited fiscal half year ended 31 December 2014, on Tuesday 17 February 2015.

Monitise will host a presentation followed by a Capital Markets Day for institutional investors in central London on the morning of the 17 February 2015.

Monitise will also host a Capital Markets Day in Manhattan, New York City on the afternoon of Tuesday 24 February 2015.

more than nibbled more at 18.5p

the order book looks strong in the turn.

it's oversold.

Auction now at 20p

managed to buy some at 18.46p as the order book was very strong and still now 102 v 64

this morning capitulation on reaching 16.75p has encourage buying or closing short positions

very strong book now for long players. Bounce underway.

very large volume earlier on as the two sides on the order book where equal strong at 18.25 v 18.50p but eventualy bid got stronger and finaly now is going great guns

The Indicators where on a very sorrow low

StockMarketWire.com
Monitise said FY 2015 revenue is expected to be between £90-100m, from £95.1m in the prior year and compared with previous guidance of at least 25% growth.

"Driven by the effects of our business transition, including lower one-off licence revenue, guidance is based on committed revenues and those that Monitise has high confidence in booking within the financial period," the company said.

As announced in March 2014, Monitise is undertaking a transition in its business to a product-based recurring revenue model. This transition continues in 2015.

The support for this transition from clients and partners is reflected in the major partnership announcements in H1 FY 2015.

GUIDANCE
· As part of the re-shaping of our business, Monitise expects its FY 2016 total cost base to be materially lower than current consensus (which is approx. £180m/$272m) reflecting a number of initiatives commenced during the period, including the transition of UK professional services employees to IBM, and streamlining benefits of the shift to being a product-based business. As a result, while the FY 2015 EBITDA loss is expected to be £40-50m/$60-76m (the "FY 2015 Profit Forecast"), Monitise reiterates its expectation to be EBITDA profitable in FY 2016 (the "FY 2016 Profit Forecast").

· Capex guidance reiterated at £35-45m/$53-68m in FY 2015.

· Monitise reiterates guidance of 200m users and £2.50 ARPU by end FY 2018, based on the scale of the market opportunity and partnerships in place.

· Monitise also reiterates guidance of more than 30% EBITDA margins by end FY 2018, underpinned by high operational leverage in the business.

HIGHLIGHTS:
· Strengthened relationships with Santander, Telefónica, MasterCard and IBM, supporting the Company's transition to its new business model. These partnerships bring hundreds of millions of consumers globally to our addressable market.

· A new seven-year digital banking strategic partnership was entered into with Virgin Money.

· New partnerships and product launches including: A five-year contract win with a leading Business Process Outsourcing provider entered into in December to launch Mobile Money Services; Apple Touch ID fingerprint services being integrated for İ�xbank, Turkey's largest private bank for its digital banking app.

· Client app launch highlights included the iOS mobile app created for Doddle, the new 'click and collect' parcel service, and SmartBank, Santander's new mobile banking app designed for students.

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Invesco > 1%

Get thee behind me Satan!

Lol.

I bought into this crap at 35p when i thought the chart was on the up..... is the above a short position or take over bid skinny?

Have a read from the link in my post - I think its a purchase/increase, but for that type of RNS, its particularly confusing!

Thats why i asked, was also confused and being a bit thick thought it easier to ask, cheers. ;)

Down 20% today.

We really needed to know that mitz..........

UBS note today:
"Trading update shows lower sales in FY2015 but reacting on costs.
Monitise has announced a trading update for H1 FY2015 with three key takeaways: 1) H1 sales of £42.4m is lower than UBSe of £53.5m and as a consequence, Monitise is lower its sales guidance for FY2015 from +25% to flat y-o-y at the mid-point (£90- 100m vs. UBSe £121m). Monitise is also guiding for an EBITDA loss of £40-50m in FY15, lower than consensus (£-33m) but consistent with UBSe (£-43m). 2) Monitise is announcing that it expects the cost base to be materially lower than consensus assumes in FY16 as a result of efficiencies from the business model transition and the employee transfer to IBM. Given this, despite the lower revenue trajectory, Monitise still expects to be EBITDA profitable in FY16. 3) Given the recent weakness in the shares, Monitise is announcing that it is initiating a strategic review that will include a “formal sale process” although so far no offer has been announced.
There has been some traction with customers in the period. While the lower revenue trajectory is disappointing (guide implies flat sales y-o-y in FY2015 at the mid-point), we are encouraged by the traction with customers given announcements with Santander, Telefonica, Mastercard and Virgin Money in the period. Clearly, regaining confidence with investors will prove challenging but with the focus on EBITDA profitability evident from management, changes to consensus EBITDA may be more limited beyond FY15E. Cash of £129m compares with UBSe £139m.
Formal sales process initiated – we continue to see strategic value in product. As mentioned, Monitise is announcing that it is commencing a review of its business that will incorporate a “formal sale process”. We continue to see strategic value in the assets of the business given the importance of mobile banking to banks which is a clearly growing channel of engagement for them and their customers.
Valuation: 75p price target (DCF-based, WACC 9%, g 2%) Clearly today there are a number of factors to consider and we expect the capital markets day will be key to providing better confidence in the revenue trajectory in the business. We still see strategic value with the business trading on 3x trailing EV/Sales.