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?

Jefferies note:
"Our view remains that there is substantial strategic value in the Monitise core technology platforms, its relationships with banking networks (Vocalink in particular) and the extensive, in many cases tier 1, customer relationships. Greater management depth & focus are evident. The ongoing strategic review could throw up favourable outcomes. Despite the recent upheaval, the profile of returns is likely skewed to the upside. We remain at Buy.

Monitise's 1H15 results and our significant estimate downgrades confirm the disappointments of the profit warning announced on 22 January. Development & Integration (D&I) revenue and margin shortfalls are partly due to difficulties with large and complex "industrial scale" contracts, e.g. for the Yaap JV between CaixaBank, Santander and Telefonica. Reduced work for Visa Inc. is another factor. Despite estimate reductions, Subscription revenue will be the key growth driver going forward.

Following discussions with Monitise mgmt, our sense is that much of the pain of transitioning from upfront licences & associated integration projects to a user-based, recurring model may have already been inflicted. Monitise no longer intends to take on substantial D&I contracts.

The first phase of the next-generation MCP platform, built by IBM, is due to be launched in April, earlier than expected. The initial release will centre on mobile banking & payments ("Bank & Pay") functionality. The eCommerce ("Buy") piece will follow in a few months. The emphasis is firmly on acceleration of end-user on-boarding. Today, a large multi-region banking deployment has been announced, signed we believe via IBM. Although modular, integrated architecture will be helpful, we are nonetheless adopting a more conservative stance on additions, expecting 150m end-users by end-FY18 compared with Monitise's unchanged 200m target.

The cost base has been reconfigured, partly as a function of the outsourcing arrangement with IBM. Based on FY15E revenue guidance of £90-100m (JEFe: £91m) and an EBITDA loss of £40-50m (JEFe: £49m), the implied total cost base will be £140m (vs. £127m in FY14A). Expansion plans have been curtailed with further efficiency initiatives planned. The fully-funded objective of EBITDA breakeven in FY16E is, in our view, entirely feasible.

Valuation/Risks
Monitise trades on a cal. 15E EV/Sales of 2.8x. With £128m in cash & positive structural drivers intact, we retain our Buy rating with an updated 36p DCF-based PT (was 45p). Key risk: market volatility."

Monitise moving in right direction

You could buy these not 2 weeks back around 13.5p !

There was a big dumper around that price as well.

mentor - I'm not assured that Banks really know how to protect customers interests . . . witness the recent Crisis where they were found out. Just what was Northern Rock thinking about offering Mortgages at such stupid rates? The result of this Bank-Activity worldwide has been to Shred the interest-rates for the long-term saver.

MONI - I get the same self-serving weasel-words that they know all about encryption - yet the leaders in the World ( in USA ) have been hacked, while having someone that "might" ( only that) help them, chained-up in Max security ( I don't know this - tis but a thought).

The fact is that any encryption is only a system - and that means someone knows a way round it . . . If it's the Company, then the Execs should be imprisoned but if it's hackers, then you and we - had better watch out.

If Banks/Companies/National Security want to improve their systems, they should put up a fat chunk of gold to be stolen ( not actual gold, it can't pass down the fibres ).... Each year the winner can be announced to encourage others . . . . along with those that were "near" etc.
Hopefully as the years go by, the winners will be missing and those "near" will be few in number . . . by which time the Security Systems should be far more robust.
But then we enjoy downloading Apps and these are a serious risk, with the possibility of malware . . . so tablets and phones should have protected areas ( = chips) to make transactions secure . . . . hardware is difficult to replicate esp if it contains some physical device that software cannot replicate . . . but we are nearing AI - so we'd better be prepared to have smaller deposits in Bank accounts, so even when emptied, you don't reach poverty.

Samsung announced today they are buying the US mobile payment company LoopPay.

I guess an offer for MONI isn't far away.

I don't see the connection - just because Wal.Mart buys Safeway - does that mean Lidl is about to go too?
Then, look at the Kicking Tesco got in the States - Ooops!
Then recently look at the kicking TSCO gave themselves....

MONI
If you look at this Co's self-promotion you'd think they were at the epicentre of World Banking - but the reality is the sp has halved recently as the Co failed to deliver - anything, except some more guff.

EDIT (27Feb2015)- More "Good" news, but the Market has heard it before . . . . what MONI needs is turnover to prove the systems work . . . . I'm not convinced software alone is sufficient for great earnings - the Co lacks infrastructure which is why they can only operate as a partner - in much the same way a cleaner might be employed by a Bank ( maybe too harsh...?). Computers are getting very fast and software alone may not be the answer to safe transfer of money, yet still Banks think this is OK, hence MONI can find some partner deals . . . . but I want to see revenues based on transactions - and that's something the Banks will not want released to anyone - therefore MONI's new strategy is basically flawed ( the link charging per transaction ).

Contract Wins

LONDON - Monitise plc (LSE: MONI.L) ("Monitise") announces two major multi-year contract wins with multi-million dollar aggregate value:

I. with a top 10 US financial institution. This represents an extension and expansion of an existing relationship.

II. with a global partner to deploy Monitise's digital banking capabilities in multiple countries for a major European financial institution. The Letter of Intent announced on 17 February was in relation to this deal.

StockMarketWire.com
Barclays Capital cuts Monitise to equal weight from overweight, target cut from 75p to 25p.

Bo**locks....... thats what happens when I put a little bit in.... oh well, long wait..... like the rest of mine.,.

Keep an Eye

on reaching 17.50p intraday yesterday ther was a fibonacci 61.8% retracement, a point were most shares will bounce back
high of 25.50p and low of 12.75p
note - "· Gross cash at 31 December 2014 of £129m/$195m provides balance sheet strength to see Monitise through to cash flow breakeven and beyond."

"Monitise breaks free of Excel limitations with cloud HR strategy"

http://diginomica.com/2015/03/23/monitise-breaks-free-of-excel-limitations-with-cloud-hr-strategy/

intraday MONIF on the US

US - MONIF
----

StockMarketWire.com
Monitise has concluded its strategic review and concluded the best way of maximising long-term value for all stakeholders is to continue transforming and streamlining the business as an independent company.

In addition, Monitise reiterates its FY 2016 EBITDA profitability target. Accordingly, the Formal Sale Process previously announced on 22 January 2015 has now ceased, and the Company is no longer in an "Offer Period" (as defined in the UK Takeover Code).

As part of the Strategic Review initiated on 22 January 2015, the Board, supported by Moelis & Company as independent financial adviser, thoroughly explored all options open to the Company.

In considering options for the business under the Strategic Review, the Board was cognisant of the value on a standalone basis of Monitise's partnerships with strategic investors, channel partners and clients such as Santander, MasterCard, IBM, Visa Europe, and RBS among others.

The Board received a number of expressions of interest from various parties. However, the Board concluded that none of these indicative and non-binding proposals fully recognised the longer-term value of Monitise.

The expressions of interest were also structured in such a way that there was considerable uncertainty over their ultimate deliverability. The Board was also mindful that the Strategic Review should conclude within an acceptable timeframe; such that it did not interfere unduly with ongoing business opportunities, client services and discussions with partners and clients.

Board changes:
· Co-CEO Elizabeth Buse becomes sole CEO of Monitise.

· Founder and co-CEO Alastair Lukies steps down from the Board with immediate effect and remains available to the business and key partners as Founder and Strategic Adviser to Elizabeth Buse.

· Stephen Shurrock, CEO of Consumer at Telefónica within the Commercial & Digital Unit, is appointed Non-Executive Director representing strategic shareholders Telefónica and Santander.

Standalone strategy and on-going business transformation:
· Monitise's focus will be on sales in Europe, the Middle East and North America. Additional market opportunities will be pursued where they directly support partner needs.

· Cost optimisation projects already announced, including the transition of UK professional services employees to IBM, and streamlining benefits from the shift to being a product-led business such as a narrowing of development focus to core products, to be supplemented by new initiatives, including centralising its R&D from a hub in Istanbul.

· Action underway to improve profitability of under-performing businesses and exit non-core business areas.

· Initial Monitise Central Platform Bank and Pay capabilities launching in April with additional functionality to follow driven by customer demand.

· Transition to recurring-revenue driven business underway, building on strong client and partner relationships, internal expertise, and solid balance sheet, as outlined most recently at the 17 February 2015 Capital Markets Day.

Barclays note:
"Monitise is no longer in an offer period and has decided the best way to maximise value is to remain an independent company. There were expressions of interest, but these did not “fully recognise the longer-term value of Monitise” and were uncertain in timing. Two other points of significance in the statement: Firstly, Alistair Lukies is stepping down from the co-CEO role and will become a strategic advisor to the business, while Elizabeth Buse steps up to sole CEO. Secondly, while they are retaining the target of 200m users and £2.50 ARPU, they no longer see 2018 as an appropriate timeframe and so the target is effectively removed. FY15 guidance for £90-100m in revenue and a loss of £40-50m in EBITDA stands, as does the breakeven target in FY16. Monitise is still retaining 30% EBITDA margin guidance by the end of FY18 too, suggesting ongoing cost control versus a lower revenue.

In our UK Tech note from early March, Taking a fresh look, we moved below management guidance on both the 2018 targets and also in not forecasting a positive EBITDA in FY16. According to the company, analyst consensus of those who have updated since the 1H15 results is for 140m users (Barclays: 118.5m) at the end of FY18. We forecast an EBITDA loss of £4.6m in FY16. We therefore see our forecasts as already appropriately set given today’s update. Our 25p price target is based on 3x CY16 EV/Sales."

UBS note:
"Monitise announced three key pieces of incremental news flow, namely: 1) Despite receiving "a number of expressions of interest from various parties" these were deemed not to recognise the longer term value of the business and as such Monitise has concluded its Strategic Review. 2) Co-CEO Alastair Lukies is stepping down from the Board and Elizabeth Buse will become sole CEO 3) While maintaining its target for 200m users/£2.50 ARPU, Monitise is now not committing to the timing (was FY18). In addition, the company reiterated its FY15/16 guidance. While some would see the lack of a bidder as a negative, on balance we believe Monitise has the strength and direction to stand-alone and it is critical that the company moves forward now in executing against plan. We have seen other UK tech companies push on alone successfully (eg Laird trades 351p vs 200p offer in '11 driven by new management).

We don't believe the financial markets were expecting 200m users/£2.50 in FY18 (UBSe 144m/£2.1) and reaching the company's EBITDA break-even target for FY16 (UBSe £- 1m) is still well within reach given the cost savings the business has achieved. In addition, given the contracts already signed the company feels it can reach c.110m users but clearly the timing of this is out of Monitise's control so it is understandable that the company has withdrawn the timing.

Our DCF-based price target of 65p remains (WACC 12%, g 2%) unchanged. While we recognise the higher risk nature of the investment, the potential rewards for execution from here are also evident. If Monitise were able to reach its 200m/£2.50 target we see fair value scenario upside to 106p. We would Buy on potential post strategic review weakness."

This stock has halved since the AGM ( DYOR ), so I'm wondering if this Strategic Review was a smokescreen for something worse...
sp about 15p.
Any thoughts...?

Bast*rd!!

a better day for MONI ( 13.50 v 13.75p )
stronger order book and large trades ( buys ) are taking place - 710K - ( 250K - 244K a few of those )

something of a bounce back on the chart also
note - the 3 days chart has signs of 15.50p short term

Has been spiking since as the large trades are showing on the ticker

volume of 14.3M already as price move up to 14p

I used to trade this mentor ,tempted again but it's a bit scary now .

it can be with all the shorters stories and company not growing at the rate anticipated, but has been marked down so much that by norm ( even if is cat bounce ) a move up to 15.50p should be posible short term