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 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!

we in this corner are very thankful that we avoided a sucker's share for a change

Not sure where to set a target price, but maybe 4p...then 6p to start with.
There is a rumour that MONI will run out of funds sometime in 2017, so fund raising presumably on the cards.

Monitise by Name - but certainly not by Nature - IMHO, they have destroyed their reputation and investors' funds in equal measure... a brief foray with credit-card Cos, just demonstrated they cannot be a "New Technology" on their own . . . which means they are only as good as whatever software they invent...and this means anyone else can do the same . . .
I don't see any "First-Mover" benefits - and more certainly little prospect of a Dividend for Long-Term investors....having already joined the 90% club.

If the begging-bowl is being polished now, I'd expect [MONI], to set a price about 1p as they approach "critical" . . . . not 4p .....although HARRYCAT was posting when the sp had risen, for some reason....perhaps the Trump-effect?....Dunno.

I suspect, but cannot know that the new-wave of services-working-on-line ( I'm coining SWOL ), means that big-boys like Amazon will have enough clout to create their own Bank, offering folks a little over the Bank-rate, it will encourage folks to buy and settle immediately they "Click" - the deposits will enable AZ to fund their expansion/stock-holding very cheaply . . . without the faff enjoyed by Big-Four Banks . . . who no-longer "know the customers they lend to" . . .
UK-based Folks might be willing to "invest" in AZ as Banker, if their deposits are more-or-less Risk-free up to £75,000 ( is it?)..... since this removes another link in the payment-loop and AZ would be liable for any breaches of accounts.

I believe the UK is pretty poor at investing in its own core-businesses, partly because Government knows too little about Industry - and because they are on a 4-year Term which messes up control. Thank goodness our local police aren't "political" ( or Government) appointments, otherwise the crooks would get a 4-year Get-out-of-jail card...Ho-Ho.

That we allow critical industries to be "Taken-over" ( LSE/ Steel/ Water /Electronics/ . . .), rather shows that Politicians somehow believe that foreigners will fix any woes of the business . . . and that it will suddenly move into huge profit.
EDIT (20Dec2016)- I read that Lloyds Bank [LLOY ] has just bought a Card-transaction Co ( jersey-based?) for £££ots with the expectation it will show a return of 17% in the first year . . . wow! if MONI could ride that wave of excitement - OR maybe another UK-Bank will splash out their money, even accepting a slightly lesser Return, as MONI-shareholders have come to accept.
Anyone feel lucky?

Notification of Interim Results Date
Monitise (LSE: MONI) will report Interim Results for the half year ended 31 December 2016 on Thursday 23 February 2017.

London - 23 February 2017 - Monitise plc (LSE: MONI) ("Monitise" or the "Company"), the digital technology group specialising in financial services, announces its unaudited interim results for the six months ended 31 December 2016.

Highlights
· Transformation initiated a year ago delivers EBITDA profitability for the second consecutive six month period, with a significant reduction in reported loss

· 50% revenue growth from the Content business unit

· Relaunch of Create as Big Radical, led by industry heavyweight

· New president of Americas business unit appointed to drive business development

· Continuing strong interest from financial institutions in FINkit® platform

· FINkit partnership programme launched

· FINkit agreements under active discussion

Monitise's Chief Executive, Lee Cameron said - 'Our transformation programme is nearing completion, and continued half on half EBITDA profitability demonstrates that it is working. Having successfully stabilised and simplified the Group, the challenge now is to grow our revenue. To help us achieve that we have recently appointed new senior management to two of our business units, and we remain fully committed to, and optimistic about, the potential of our FINkit platform.

'Deadlines in 2017/18 for the implementation of regulatory initiatives that focus on increasing competition and opening up banking in both Europe and the UK are now imminent. These continue to ensure that delivering on digital transformation remains top of the retail banks' agendas.

'Mandates from both the UK's Competition and Markets Authority and the European Commission's Payments Services Directive (PSD2) are driving demand from retail banks for the type of faster technology change enabled by FINkit. We believe that the market for our products and services is increasingly moving in our direction, and I remain positive about the future of our business.

'FINkit solves the challenge banks face when seeking to accelerate the delivery of compliant digital services to their customers. We will continue to focus our efforts on serving the needs of our existing and prospective financial services clients, whilst exploring other opportunities with interested parties who also see the value in what we have built. Calendar year 2017 will be a pivotal year for Monitise.'

Outlook
As previously stated, Group revenue is expected to decline in the financial year to 30 June 2017, but the year will benefit from the full year impact of cost-savings already achieved in the interim results to 31 December 2016.

FINkit represents a real opportunity for Monitise to establish long-term sustainable growth, and we will continue to invest in developing that part of our business throughout the current financial year.

FY17 capital spending will be materially lower than FY16, and cash outflows relating to onerous contracts will fall from £6.7m in H1 FY17 to approximately £1m in H2 FY17. Given this reduction and the stabilisation of the Group, we are confident that we have sufficient funding in place to execute on our plans. We will continue to evaluate all the Group's assets to make sure they remain relevant to our strategy and add to our value.

CASH OFFER for MONITISE PLC by FISERV UK LIMITED
an indirect wholly-owned subsidiary of Fiserv, Inc.
Summary

● The Boards of Fiserv, Inc. ("Fiserv") and Monitise plc ("Monitise") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Fiserv UK Limited ("Bidco") (an indirect wholly-owned subsidiary of Fiserv) for the entire issued and to be issued ordinary share capital of Monitise (the "Acquisition"). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act.

● Under the terms of the Acquisition, each Monitise Shareholder will be entitled to receive: 2.9 pence in cash per Monitise Share (the "Offer Price")

● The Offer Price values the entire issued and to be issued ordinary share capital of Monitise at approximately £70 million and represents a premium of approximately:

- 26.1 per cent. to the Closing Price of 2.30 pence per Monitise Share on 12 June 2017 (being the last Business Day prior to this announcement);

- 24.2 per cent. to the volume weighted average Closing Price of 2.34 pence per Monitise Share for the three month period to 12 June 2017 (being the last Business Day prior to this announcement); and

- 53.5 per cent. on a cash adjusted basis as at 12 June 2017 (being the last Business Day prior to this announcement), adjusted for reported 31 December 2016 cash balances of £27.3m.

● The Monitise Directors, who have been so advised by Canaccord Genuity as to the financial terms of the Acquisition, consider the terms of the Acquisition to be fair and reasonable. In providing its advice, Canaccord Genuity has taken into account the commercial assessments of the Monitise Directors. Accordingly, the Monitise Directors intend unanimously to recommend that Monitise Shareholders vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting as the Monitise Directors have irrevocably undertaken to do in respect of their own beneficial holdings of 3,584,326 Monitise Shares (representing, in aggregate, approximately 0.15 per cent. of the Monitise Shares in issue on 12 June 2017 (being the last Business Day prior to this Announcement)). Full details of the irrevocable undertakings received by Fiserv and Bidco are set out in Appendix III to this Announcement.

● Fiserv is a leading global provider of financial services technology, helping over 12,000 clients worldwide achieve best-in-class results by driving quality and innovation in payments, digital banking, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is publicly traded on the NASDAQ Global Select Market and part of the S&P 500 Index. Fiserv has been named among the FORTUNE Magazine World's Most Admired Companies® for four consecutive years, ranking first in its category for innovation in 2016 and 2017. Fiserv is headquartered in the United States and has approximately 23,000 employees in over 100 cities around the world.