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?

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.

Finished down 25% on the day.

tell us mitzy, how many stocks are you actually short of?
none?

Not this one cynic.

i asked if you were short of ANY stocks

Not any cynic.

easy playing the market that way .... every one a winner

crikey what an awful company - best thing they can do is return remaining cash to share holders and close down on this very dated model which is now copied or / & bettered by those doing this themselves - believe just been hammered in the US down to about 19 cents or so which is circa 12p ish - heyho

lol just realised the remaining cash divided by 2 billion or so shares aint much per share!

Yes ,constant dilution here didn't help either ..They were buying up this and that and issuing new shares every other day last year..

A number of approaches

Might get back to the twenties pronto.

30's would be nicer

Vipera PLC (VIP). Forget Monitise this little AIM stock has a more rounded offering. More at http://tinyurl.com/m82hsxd

Getting stronger and stronger in the level 2 order book. Yes 20s are coming, 30s who knows Balerboy?

.

Get thee behind me!

LOL, been out working for a change and yes cp1 nice to see rise and chart seems to have more to come but this is the where I came in with a chart like above and it dived. fingers crossed.,.

Another good move up this morning and has been moving higher every day since Tuesday.

A good rise yesterday on the Nasdaq also
Cooperman has been adding, though yesterday was a smaller % that lately and naturally at a higher price 17.50p, but has now over 14.3 %
Most likley later will be a further RNS

US - MONIF
----

Received in my in-box today:
"TAKEOVER
The Company has announced that it has commenced a Strategic Review of all options open to the Company to maximise value for Shareholders. The Strategic Review is expected to be all encompassing and will include consideration of a Merger or Sale of the Company or other form of corporate transaction as well as Stock Market listing options. There can be no certainty that a Sale of the Company will take place, nor as to the terms on which any offer may be made.
Further information may follow in due course."

That's how rumours start! :-)