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?

LATEST BROKER VIEWS

Date -- Broker ------ New target -- Recomm.
31 Jul Barclays... 15.00 Equal weight
15 Jul Canaccord... 26.00 Buy

Fools bullish for a change.......

Monitise Plc Jumps 20%! Is It Time To Buy?
By Motley Fool | Tue, 11th August 2015 - 11:52

Mobile money company Monitise (LSE:MONI) has jumped 20% in early trading today, although there's little in the way of news to validate this bounce. However, today's bounce brings to an end weeks of dismal price action, which has seen the company half in value over the space of three months.

But does today's bounce signal a turnaround in Monitise's fortunes?

Time to buy?

I've long been a fan of Monitise, and I believe that the company has a bright future ahead of it. There's plenty of value to be found in the company's partnerships with major European banks and Monitise's joint ventures with IBM, as well as Santander should not be overlooked.

Nevertheless, during the past six months Monitise has been subject to an unprecedented amount of pressure. Two of the company's largest shareholders have started to reduce their holdings while competition in the mobile payments market has increased dramatically with the roll-out of Apple pay across the UK.

These problems have come at a time when Monitise itself is going through a management transition and organisational overhaul.

Indeed, Elizabeth Buse, who took over as Monitise's CEO at the beginning of this year, is slashing Monitise's operational spending and CapEx budget to save costs. The company has already reported a significant reduction in cash flowing out of the business, and should now be able to survive for longer with the resources already available to it. At the end of June, Monitise reported a cash balance of £89m.

Still, Monitise is a company in the early stages of a recovery. It's clear that the group has made a number of errors over the past five years. Regaining the market's trust is now an essential goal for management.

And management's last chance to regain the market's trust will be when Monitise releases its 2015 financial year results, which are scheduled to be published on 9 September 2015.

Last chance saloon

Monitise's future depends on the outlook it issues alongside its results for 2015. Over the past five years, the company has continually disappointed, missing targets and asking shareholders for more cash to fund growth. Nonetheless, Monitise's management has, for the past two years, expressed confidence that the company will be profitable on an earnings before interest, tax, amortization and depreciation basis by 2016.

Monitise's new management team will have been in charge of the company for nearly a year by the beginning of September. So, Elizabeth Buse and her team should have a clear idea of whether or not this EBITDA profitability target is realistic when they put together Monitise's full-year 2015 results.

If management sticks to this outlook, the market might start to trust Monitise again. However, if Monitise rewrites its forecasts yet again, the company could lose the few friends it has left.

moving towards 8p

Interesting point by "Noise "..........

What's driving this?

It's either traders pushing it up, readying for a smashdown tree shake, or perhaps the significance of the October 1st 2015 handover to chip & pin/NFC technology, when US stores will become liable for fraud if they don't upgrade from their primitive magnetic swipe readers. Rumours are there is a backlog of about 4 months as the retailers are scrambling to upgrade... while not ensuring success for Monitise, it certainly lays the basic fundamental building blocks it needs to thrive in a huge market, at an interesting time when Moni are fast recruiting San Francisco IT staff.

I'm still not quite sure how HCE fits into the US picture, it hasn't exploded yet, I think it'll get some market share, but I'm not sure if it will dominate. IBM seem quite convinced however..

Latest Tearsheet

MONI - Latest Tearsheet from hemscott

still on track

Reason for the rise with volume

Did hold well at the end 7.34p UT as the market went further down

volume 50.4M
16:35:02
7.34p
490,277
UT

MONI on the US
MONIF - Monitise (PC)$0.119 +0.014 or 13.3%

--

Since yesterday the shares have become overbought on the Indicator Slow stochastic
Today have move out of range 7.20 to 7.40p since 10am yesterday and falling afterwards
some support now at 6.80p

ON THE US ALSO MOVING LOWER

MONIF - Monitise (PC)
$0.103 -0.0189 -15.9%

but much more than over here

MONI
6.48p -0.86 -11.7%

Monday morning and still on the way down or retracement 5.75p - 0.30p

5.46p ( 5.42 / 5.50p )

Has turn the corner on reaching Fibonacci retracement of 78.6% @ 5.13p (AT)

reaching new highs for the day 5.71p

OMEGA
has gone under 10% on the 18th

Before 224,299,125
after 219,774,125 - 9.99%

MAJOR SHAREHOLDERS

Current to 26 August 2015
Shareholdings % No. of Ordinary Shares*
Omega Advisors, Inc. 10.0 - 219,774,125
Norges Bank 7.7 - 168,500,000
Banco Santander S.A - 4.9 - 108,196,721
Legg Mason, Inc 3.5- 77,957,125
Invesco Limited 3.2 - 70,942,401

Has been moving higher for the last couple days and is doing the same again today now 5.55p +0.21p

MONI 5.70p +7%

Back on the US
MONIF
Monitise (PC) $0.088 +0.0084 +10.6%

British bulls say BUY tonight .............

MONITISE
Last Signal:BUY
Last Pattern:BULLISH ENGULFING
Last Close:5.76 Change:+0.41 Percent change+7.66%

Enhanced Market Outlook
Signal Update Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 5.3500, and our valid average buying price stands now at 5.3571.