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?

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.

StockMarketWire.com
Monitise said its Content business is performing strongly and, together with the its expected growth prospects, has concluded that greater value can be delivered by retaining it within the group.

The company, which in March said it was in early talks regarding a possible disposal of the Content business, was keen to minimise any ongoing uncertainty over the unit given its strong performance.

Monitise said it would continue to regularly evaluate all assets within the Monitise group to ensure that long-term shareholder value is maximised.

Trading Update
London - 21 July 2016 - Monitise plc (LSE: MONI, "Monitise" or the "Company") the financial services digital technology company announces an unaudited trading update for its financial year ended 30 June 2016.

Financial summary and outlook

- In line with previous guidance, H2 FY 2016 revenue was similar to H1 FY 2016 (£33.4m)

- In line with previous guidance, H2 FY 2016 EBITDA(1) was positive, compared to a loss of £20.2m in H1 FY 2016, driven by material reduction in total costs

- Cash outflows were materially lower in H2 FY 2016. June 2016 gross cash balance of £42m compared to £53m at December 2015, a reduction of £11m, compared to £35m reduction in H1 FY 2016 and £40m reduction in H2 FY 2015

- FINKit® generated its first revenues from clients paying Monitise professional service fees for technical and operational trials

- Monitise expects FY 2017 revenue to be lower than FY 2016 as a result of the continuing transition for the business as it begins the move from Monitise Enterprise Platform and Monitise Vantage Platform contracts to FINKit® driven revenues

Monitise CEO Lee Cameron said:
"We took some tough decisions early in the financial year, and saw the benefits in the second half in the form of our first EBITDA(1) profitable half-year and a material reduction in cash outflows, as outlined in our February 2016 guidance.

FINKit® remains the main driver of long-term growth at Monitise and whilst contracts are taking longer to conclude than anticipated, I am encouraged by the response of our potential customers who continue to evaluate FINKit®."

StockMarketWire.com
Monitise has widened its FY pretax loss to £243.1m, from £227.4m. Revenue was £67.6m, from £89.7m. It said the results confirmed a substantial improvement in H2 operating figures.

"We have made substantial progress in making Monitise a more stable and simpler business which is well positioned to achieve profitability," said CEO Lee Cameron in a statement.

"At the EBITDA level we recorded a small profit in the second half of the year," he added. EBITDA was a loss of £19.6m, this comprising a loss of £20.2m in H1 and a profit of £0.6m in H2.

"Our restructuring has halved operating costs in the second half of the year and reduced headcount by 41% compared to a year ago while maintaining our high client service levels and launching our FINKit digital banking and financial services product."

BREAKOUT

3.20p +0.50p (+18.52%)

Has today move higher with large volume after breaking resistance point lasting a very long time

Monitise, the financial services digital technology company, today announces the launch of the FINKit Partner Programme with founding partners Mastercard, BehavioSec, Currencycloud, Envestnet | Yodlee, Experian, fastacash, FICO, HID, iGeolise, LivePerson, MYPINPAD, Syniverse, and WorldFirst. For the first time, Mastercard and the FINKit founding partners have agreed to make their capabilities and services available together on the bank-grade, cloud-based FINKit platform, in order to accelerate industry-wide collaboration and the co-creation and launch of exciting new digital customer propositions in banking and payments.

FINKit is a financial services sector-specific cloud-based platform and toolkit that frees banks from the constraints of their existing systems and enables them to continuously deliver innovation into production and into consumers’ hands.

In a rapidly-expanding and increasingly disrupted market, collaboration is essential. FINKit sets the standard, enabling this collaboration while at the same time ensuring bank-grade security, performance, and compliance.

Mastercard is the first global payments technology company to join the FINKit Partner Programme. Explaining its involvement, Mark Barnett, President, Mastercard UK & Ireland, said: “FINKit is a fantastic platform for banks and partners to come together in a live production environment to deliver innovative services securely, reliably, and quickly. We are committed to working with Monitise to enable banks to deliver broad-ranging services such as tokenisation, payment security, location-based services, Masterpass digital wallet solutions, and more. Collaborations of this kind are critical for banks to get the most out of technology and deliver world-class customer service.”

The new and fast-growing FinTech companies joining the FINKit Partner Programme benefit from increased exposure to large potential customers that might otherwise have been inaccessible to them. They also benefit from Monitise’s decade of experience navigating the complex structural, technical, and regulatory environment of financial services. They can develop new products in the knowledge that the banks and financial services companies involved in FINKit are committed to putting innovation in customers’ hands.

Nick Cheetham, Managing Director, Monitise FINKit, says: “We are delighted to welcome Mastercard as one of the founding partners of FINKit. It’s a real vote of confidence in the value of FINKit. It’s vital to simplify collaboration between banks and the wider industry and to get innovative new products and services into customers’ hands delivering benefits quickly, rather than letting them stagnate in banks’ ‘innovation theatres’.

“Early response from current and potential retail banking clients suggests we have a founding group that will enable significant progress to be made in digital service delivery.”

https://www.finextra.com/pressarticle/67082/monitise-rounds-up-partners-for-new-finkit-platform

for those who may have held this share for a long time - bad luck

We like to look forward Mr C, rather than back!!!
As is written "Past performance is not necessarily a guide to future performance". We can only hope!