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?

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

--

There is a GAP to be fill up to 6p, when is another thing

Monitise and Telefónica sign cloud platform agreement
LONDON - Monitise plc (LSE: MONI) announces that Telefónica Digital ("Telefónica"), part of one of the largest telecommunications companies in the world in terms of market capitalisation and number of customers, has entered into an agreement to explore potential projects based on the Monitise cloud platform. The new framework agreement supersedes the previous contract between Monitise and Telefónica, which was announced on 1 July 2013. This development is consistent with the Company's transition to become a cloud business and the Company's guidance for FY 2016 remains unchanged as a result of this announcement.

Monitise's new cloud platform, which launched earlier this year, is at the core of its strategy to help clients deliver innovative digital services to their customers. The platform provides software-as-a-service products as well as 'build your own' platform-as-a-service capabilities.

Doing nothing for some time apart from going side ways, but since yesterday has started to give some signs of live and today has reached 3.13p after closing at 3p yesterday

Not worth trading any more this ,you'll end up getting caught holding the baby . That's if you havn't already .

Has another move Forward today and now in profits also on the second lot ( still open position )
some say " i got caught with my trousers down".
but I am managing a small profit from time to time, I am not greedy
The chart has a good uptrend for the last 4 days

I am out at the end of the day of both holdings

1st lot - Bought 10 Sep at 2.61p sold on the order book 3.24p

2nd lot - bought 3.10p sold ( close position on T+7 ) at 3.208p

Well done mentor ,i actually believe you , it's just a couple of trades .

Just when traditional Banks are losing revenue ( ditching cheques ) they are not seen as providing what consumers want....see the huge rise in Apple-Pay ( -and who do you think is creaming the profits on those paperless transactions? ).
Traditional Banks can tell us ( TV ads) how good they are, but the reality is the young have seen them falter BIG-TIME and might as well use another "simpler" method for shopping transactions. Barclays still has their thingamy - but I wonder if the UK-Banks don't need to run together on this? It would present an Electronic image and the convenience, without giving Apple/US/Anywhere all your financial details.
Indeed I'm surprised UK Gov hasn't stepped-in as this could fix the tax-leak from personal eBay trades and Az, Starbk, et Al that salt their profits legally elsewhere.
We cracked the Enigma Code in WW2 - so it shouldn't be too difficult to create a smokescreen-to-details that will continue well into 21c - even allowing for the power of the "Cloud" in computing power.
MONI - waste of space . . . sp fallen 90% ! What a load of . . . .

StockMarketWire.com
Monitise's directors have confidence that the company will achieve EBITDA breakeven in H2 of FY 2016. It said H1 revenue is seen at about GBP33m, with revenue in H2 anticipated to be broadly similar.

Monitise is projecting H2 to be EBITDA positive following (an) H1 EBITDA loss of approximately GBP20m," the company said.

Jefferies International today reaffirms its hold investment rating on Monitise PLC (LON:MONI) and cut its price target to 5p (from 15p).

StockMarketWire.com
Monitise has substantially widened H1 pretax loss to GBP210.5m, from a loss of GBP58.4m. This included GBP179.98m of depreciation, amortisation and impairments, versus GBP12.9m a year earlier.

CEO Lee Cameron said:
"Having taken the tough decisions and defined a clear path to take the business forward, Monitise is not just a leaner business; it is stronger and healthier.

"We are proud of our market leading technology assets, world class digital experts across our businesses, a strong history and heritage of being trusted to deliver bank grade services to highly regulated organisations and an enviable client list who remain supportive of our strategy.

"We have faced many challenges during the last six months, and have further work to do to restore investor confidence in our business, but we are adequately funded and I am confident we will be EBITDA positive in the second half of FY16.

"Investment in FINkit will be proportionate to the timing and scale of contracts signed and we will continue to evaluate all assets in order to preserve and maximise value for all stakeholders.

"Our mission is to become the global toolkit that enables smarter and faster innovation for our clients where security, compliance and performance are mandatory."

Up 40% today! No idea why!

Statement re share price movement

Would be nice to see this above my average of 13p.......

Monitise announces appointment of Gavin James as Chief Operating Officer

Monitise is pleased to announce the appointment of Gavin James as Chief Operating Officer (COO). As COO, Gavin will also assume responsibilities for the finance function and the role of CFO.

Gavin is a Chartered Accountant who has significant previous Board experience having held CFO, COO and CEO positions at both listed and private companies including Vertex Group, iSoft plc, Morse plc, Menvier Swain Group plc.

Gavin has been supporting Monitise for the past five months in the role of advisor and latterly in a finance function capacity. Whilst Gavin will devote sufficient time to the role of COO, he will continue to undertake work for Vertex Group where he is currently Chief Executive and will be appointed to the Monitise Board before 30 June 2016. A further announcement will be made in due course once Gavin's appointment to the Board has taken effect.

Lee Cameron, Monitise plc Chief Executive, said: "I am delighted that Gavin is formally joining Monitise as Chief Operating Officer. Gavin has supported the Company over the past five months and brings a wealth of experience to the role. His continued support and oversight of all operational and financial matters ensures that my time is focused on business development opportunities and execution of our strategy."

Let's hope he kicks the other Execs into line.

- Although that is v.unlikely as his 5-months previously ( with MONI ), haven't been bathed in glory . . . and this is a Part-Time appointment.
Does anyone think this Co is on the path to Rescue? . . . or is MONI holding-on so the Execs get a "Bonus" when it folds . . . . Grr.
Look at the EXEC Share purchases - it's about 75% down...Nasty.
Eliz Burse has a severe monetary-loss, too . . . I think she should have never joined . . .
With Powerful Banks.... mobile Apps and "Apple Pay" - what chance is there for MONI that keeps getting it wrong?
EDIT-(24May2016)-Sp remains v.sad so Mkt doesn't regard this Apptmt as sea-change. It's like appointing yr handyman to chief gardener, when the lawn is riddled with mole-hills and the borders are swept away by floods every winter. Either you raise the land, lower the river, build dam/defences . . . OR . . . Move!
EDIT(13July2016).Mrs T.May takes over as PM . . . that's the only good news to report.
EDIT ( Dec 2016) - new postings as the New-year is nigh.