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?

Analyst Lowers PT On Monitise Plc 83%, Says Its Still A Buy
Posted By: Rupert Hargreaves
Posted date: September 10, 2015 10:22:21
Analysts can sometimes be "fun".

Monitise Plc, the mobile money company, backed by Omega Adviser's Leon Cooperman, has had a tough year. Year to date the company's share price has slumped 88% as it has failed to meet any of its key targets.

But yet, despite the company's endless stream of disappointing figures, analysts at BTIG still rate the company a 'buy'. In fact, until yesterday BTIG had a 12-month price target of 52p on Monitise's shares. Although, after yesterday's dismal trading update, analysts have now reduced their 12-month price target to 9p -- 221.4% above the current price, but still have a buy rating....

Monitise: Trading below cash
Mark Palmer and Giuliano Bologna are the analysts here, and their rather optimistic forecasts are based on the fact that Monitise is currently trading below the value of the cash on its balance sheet.

"Monitise (MONI LN) yesterday added to the string of disappointing earnings announcements it began last year, by announcing the departure of CEO Elizabeth Buse after just 15 months with the company, and had its share price sawed in half as a result. While a case could be made for simply writing off the stock after what has been a terrible call on our part, we believe that with MONI's market cap of £61.6mm exceeded by its reported net cash position of £88.2mm, the share price reflects an excessive degree of pessimism about the firm's prospects and value."

"As such, we are reiterating our Buy recommendation on MONI while reducing our price target to 9p (from 52p) based on 10X FY18E EBITDA of £21.89mm discounted back at 15%. We believe the shares represent an inexpensive option on the potential turnaround of a company that has begun to see the benefits of the strategy that Buse put in place, particularly with regard to reductions in operating expenses and capital expenditures that should facilitate the achievement of EBITDA profitability in 2H16"

Monitise: Not profitable
However, while Monitise's cash balance currently exceeds its market cap, it's unlikely that this will be the case for long. Management expects Monitise's cash balance to decline throughout 2016 but expects it to remain above £45 million. At the same time, no revenue growth is expected during 2016 and the company is hoping to achieve EBITDA profitability through cost reductions alone.

mentor good luck if your trading this for the bounce ,

(Monitise's cash balance currently exceeds its market cap)

Maybe but they are burning through cash and making no profit. I did used to trade this myself but stopped a few months back before i got caught with my trousers down.

Finishing on the up on the US

MONIF Monitise $0.047 +$0.0045 +10.6%

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jimmy b

A stock on a downtrend, you do not suppose to hold, but trade on the bounces and some times one must try not to be too greedy.

An epic fortnight for results and updates from AIM, in which Monitise is also featured. See more at http://tinyurl.com/ovjm7se

On the up as all the Indicators are now falling into place price 2.88p +0.18p

a very strong order book all day with large order place on the bid side, some have been executed, when they were around the bid price but plenty left behind

order book DEPTH 77 v 36, much stronger earlier 91 v 28

still there waiting
5M @ 2.75p
5M @ 2.72p
2M @ 2.70
1M @ 2.65
5M @ 2.62p

and many more lower

The bounce back continues reaching 3p a couple times now

Had an intraday 50% retrace now ready to go better from here @ 3.01p
Slow Stochastic reached low at the same time

high 3.15p
low 2.87p

not a good finish here UT 2.94p +0.04p after reaching 3.15p on the morning

but MONIF on the US finished much better

$0.046 +$0.0033 or +7.7%

After a few days of consolidation below 3p, today share price is a bit stronger and what it seems is helping on the rise is the MACD is getting bullish as convergence is happening where MACD is ready to cross up the line

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sign of green shoots
http://www.monitise.com/sites/default/files/documents/progressive_equity_research_-_full_year_results.pdf

Can't see how you make anything here at the moment , i used to trade this when it was in the 60's and 30's ,it would move a few pence either way .

jimmy b

You will be negative now ( if as you said ) " i got caught with my trousers down".

you do not need 1p or pennies, but 0.50p movement is already 20%, the spread is small and being an order book stock .........
did you know "one can buy on the selling price (bid ) and sell at the buying price ( offer ) "

I try not to be greedy at the moment, till breaks 3.15p now, if positive news for a change comes along

Not negative mentor and as it's an aim stock i used to buy large amounts for tiny movements as there was no stamp duty ,it's just i couldn't see the move here .
I shall look a bit more closely .

perhaps try GLEN Jimmy as that's tax free but beware it may end up bust like that huge electronic company of the dotcom days with a similar ticker to MONI...

any large size buy and 3p should be there today

There is just a few trades on the offer side, the lowest for some time before the 3p orders, any good size buys and 3p would be there today instead of next week

there is 7 small trades before reaching 100k @ 3p Market Maker

getting closer to that point, only 124K left on the offer side before 3p

so anyone for a top up now is the time, everything in place for the bounce >>>>>4/5p
that is my view naturally, looking at the chart also

Monitise Marches On - September 21st, 2015

To say it has been a bad year for British payments tech player Monitise is something of an understatement.

But can the situation be turned around? That remains an open question.

Among experts, the given reason for Monitise’s recent woes is that switching business models mid-stream is a hard thing to do — and an even harder thing is to keep investors along for the ride.

In its original instantiation, Monitise offered various services for individual banks and FIs, giving it obvious appeal to firms looking to get up to speed rapidly on mobile banking. But bespoke services didn’t look like the future to Monitise — and so for the last year or so, the firm has instead been pushing its cloud platform.

Accessed by subscription, as opposed to individually licensed products, Monitise’s move to service has not been smooth.

“[The] transformation of the business, while absolutely necessary, has been slower and more challenging than expected and has significantly impacted our financial performance,” noted Chairman Peter Ayliffe.

The main thrust of the British firm’s difficulties has been luring large issuers.

“Monitise clearly offers a bank-grade solution, but it’s about persuading banks that that’s a good long-term solution,” said Milan Radia, an analyst at Jefferies.

Slow adoption has only been part of the problem. Major shareholder Visa Europe has begun selling off its stake in the company, following a similar move by Visa Inc. last year. A move that at least one analyst attributed to Monitise’s decision to play the card network field.

“Visa’s response was, as I interpret it, ‘we’ve put a lot of our know-how and resources into this relationship, you are our guys, you shouldn’t be working with MasterCard.’ The implication is that that development, integration and revenue came down more sharply than had been anticipated,” Radia said, according to the Financial Times.

And since it never rains, it pours, September kicked off with the announcement that ex Visa executive and Monitise CEO Elizabeth Buse is leaving her role at the firm after only a six-month tenure. The official reason given was “personal reasons.”

That news was accompanied by the revelation of a pre-tax loss of £227 million (~$350 million) for the year to June 30 — a near tripling of last year’s losses.

We’d say things could be better, but we hate being accusing of stating the obvious.

However, it’s not quite all doom and disaster. Monitise has also shored up some new partnerships with Spanish bank Santander, telecoms group Telefónica and MasterCard, which have all taken large shares in the firm.

The firm is also working in concert with IBM to build and implement its mobile platform and moving forward with a series of cost-cut

Is tomorrow going to follow the last 2 days UP?
Most likely

Friday Director buying a million shares we were up over 6 % and U.S up 10 %

Director dealing and option exercise

LONDON - Monitise plc (LSE: MONI) announces that it was notified on 2 October 2015 that on the same day 1,000,000 ordinary shares of 1p each in the Company ("Ordinary Shares") were purchased by Lee Cameron, Chief Executive Officer of Monitise, at a price of 2.783p per Ordinary Share.

TOP up @ 3.10p
breaking up from the recent flat movement, there is volume on the rise

missed the start of the breakout, and there was drops of 38.2% at 3.17p twice and then another one, but I waited for 50% intraday retracement @ 3.08p

Back on the US are doing well from $0.0463 to $0.503 adding to yesterday's rise

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