$FISV buying out $MONIF for $90Million USD

https://www.fiserv.com/index.aspx


$MONIF

$MONIF: NEWS........ 70Million Buyout offer from FiServ


BRIEF-Fiserv Inc makes cash offer for Monitise Plc
Monitise Plc:

* Fiserv inc - offer for monitise plc

* Fiserv- ?have reached agreement on terms of a recommended cash offer to be made by Fiserv for entire issued and to be issued ordinary share capital of Monitise?

* Fiserv- ?intended that acquisition will be implemented by way of a court-sanctioned scheme of arrangement under part 26 of companies act?

* Fiserv Inc - ?under terms of acquisition, each Monitise shareholder will be entitled to receive: 2.9 pence in cash per monitise share???

* Fiserv- ?offer price values entire issued and to be issued ordinary share capital of monitise at approximately £70 million?

* Fiserv- ?Monitise directors, who have been so advised by Canaccord Genuity as to financial terms of acquisition, consider terms of acquisition to be fair and reasonable?

* Fiserv Inc - ?acquisition is expected to complete in Q3 of calendar year 2017? Source text for Eikon: Further company coverage:

Hey Monitise, what's the story? I'm down about 98% on my investment in your company. What is going on over there?

I agree WEDANCE! What the hell is going on over there in London?
Put out something Monitise!

An update from Monitise would be nice. Something for the shareholders to keep the hope alive!

What on earth is happening with this company? Update your shareholders!

Someone heard you. Up 31% so far TODAY!!!

What is going on with Monitise these days? Things have been quiet. A lot of shareholders with a lot of money invested. They should update their shareholders!

MONIF bullish 0.03203

Looks good for a run soon

Looks like a Gapper this Morning!

Monitise 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."

Good grief, CNBC Europe reporting CFO resigns and rev warnings coming, how did these idiots ever manage to f*k this up? Utter incompetency, but at least I didn't lose as much as Leon Coopeman and Omega. Very sad what's happened here! RIP

They won't correct it because it's already correct.

what happens when they correct it to 15p from $15 ?

$15 price target reaffirmed by analysts at Barclays. Just announced. http://www.octafinance.com/monitise-plc-adr-otcmonif-stock-rating-reaffirmed-by-analysts-at-barclays-capital-the-15-00-target-indicates-35194-12-potential/

DIRECTOR DEALINGS: Monitise CEO Lee Cameron Buys 1 Million Shares
Fri, 2nd Oct 2015 14:18


LONDON (Alliance News) - Monitise PLC Friday said Chief Executive Lee Cameron bought 1 million shares in the company at 2.783 pence each.

Cameron also exercised options over 300,000 shares at an exercise price of 1p each.

Following this, Cameron holds 1.6 million shares representing 0.07% of the company's issued share capital.

Shares in Monitise were trading up 4.1% at 2.79 pence Friday afternoon.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

Analyst Lowers PT On Monitise Plc 83%, Says Its Still A Buy

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"

http://www.valuewalk.com/2015/09/monitise-plc-btig/

Norges cuts to 6%

from 168,500,000 to 132,250,224 (6%). thats about 36m shares sold but on which days i don't know.

Numbers of MONIF: upside potential to .08 -.09 cents:

Revenue: 138 million
Revenue per share: .07 cents
Total cash 198 million$
Debt: 1 million
Total cash per share: .09 cents
Book value : 29 cents

At 04 cents, new investors will obviously carry a big discount

Im in for a quick rebound play.

No debt. Safe play.

analyst will report and no doubt reduced targets.
also expecting Visa and Omega to get under 3% and their hopefully final filings. Then you start to get into end-of-year tax loss selling. Buse brought in directors, so they also may depart.
So to answer your question, lots more bad news coming.

Think its bottomed? Or is there more blood to be let?

CEO quits. PPS down -36.66% in London 3.68p or $0.06

Monitise announces 2015 results, board changes and progress on transition to cloud



LONDON - Monitise plc (LSE: MONI) ("Monitise", the "Company" or the "Group") announces its audited preliminary results for the year ended 30 June 2015.



FY 2015 Financial Summary



· FY 2015 revenue declined 6% to £89.7m (FY 2014: £95.1m).



· Group EBITDA(1) loss was £41.8m, at the lower end of the Company's guidance range of a £40-50m loss (FY 2014: £31.4m loss). H2 FY 2015 EBITDA loss of £11.0m was materially smaller than H1 FY 2015 loss of £30.8m.



· Operating costs were £88.3m (FY 2014: £93.1m(2)), with materially improving underlying cost disciplines reflected in a 32% half-on-half reduction to £35.8m in H2 FY 2015 from £52.5m in H1 FY 2015. Excluding the effect of non-recurring accrual reversals in H2 FY 2015, the half-on-half reduction was 18%.



· Adjusted(3) loss after tax for the year was £55.3m (FY 2014: £43.7m) and adjusted(3) loss per share was 2.7p (FY 2014: 2.6p).



· Goodwill, capitalised development costs and other intangible and fixed assets impairments of £94.3m were recognised where technologies or geographies are no longer core to strategy or where the carrying values of technologies are not supported in the short term by market readiness.



· With the changing shape of the business and focus on the cloud, an onerous contract provision of £30.3m was recognised in respect of a small number of contracts as an exceptional expense.



· The above factors, together with share-based payment charges of £28.0m (FY 2014: £9.8m) largely in relation to acquisitions, led to a statutory loss after tax in the year of £223.6m (FY 2014: £60.1m), equating to a loss per share of 10.8p (FY 2014: 3.6p).



· Cash capex was at the upper end of the Company's guidance range at £45.0m (FY 2014: £26.1m), reflecting investment in the productisation and development of Monitise technology platforms. H2 FY 2015 capex was £19.1m, compared to a peak of £25.9m in H1 FY 2015.



· Gross cash of £88.8m as at 30 June 2015 provides balance sheet strength to see Monitise through to break-even and beyond.



(1) EBITDA is defined as operating loss before exceptional items, depreciation, amortisation, impairments and share-based payment charges.

(2) Prior year cost of sales, gross profit and operating costs have been restated due to a reclassification of certain service delivery costs from operating costs to cost of sales. There was no impact to EBITDA from this adjustment.

(3) Adjustments comprise share-based payments, exceptional items, impairments and acquisition related amortisation. A reconciliation is provided in note 9.



Board Changes



· Elizabeth Buse to step down as CEO and from the Board, effective 9 September 2015, due to her desire for personal reasons to return to the United States. Deputy CEO and Chief Commercial Officer Lee Cameron appointed CEO, effective 9 September 2015.

· Elizabeth will remain with the business until the end of October to ensure an orderly transition and handover of responsibilities.



Strategy Update



· Monitise provides specialised technology and associated services that help clients, particularly financial institutions, deliver innovative digital experiences to their customers.



· The Company is transitioning to become a cloud business to meet the evolving needs of the industries and clients it serves. As previously communicated, going forward the company will focus on Europe, the Middle East and North America.



· Monitise's new cloud platform is at the core of its strategy. The platform provides 'ready-made' products (Software as a Service/SaaS) as well as a 'build your own' (Platform as a Service/PaaS) capability, with bank-grade security and compliance for financial institutions and beyond.



· This is complemented by a dedicated on-premise platform that supports businesses that want to leverage Monitise products behind their firewall, together with the digital agency based in London, Istanbul and San Francisco, and the London-based content business.



· Existing customised solutions will continue to be supported, but Monitise will not be entering into any new arrangements of this type. The Company's sales efforts with these clients are focussed on the cloud platform.



Operational Update



· During the period, Monitise welcomed deeper partnerships with Santander, Telefónica and MasterCard with the three companies investing in the business. The Group's multi-faceted relationship with IBM also developed further through the year.



· Monitise's cloud platform launched in April 2015. It is a private cloud running on IBM's Bluemix scalable infrastructure. It provides API-based delivery of Monitise SaaS products, as well as through the Company's new PaaS offering, giving financial institutions a secure environment where they or other fintech developers can develop and operate their own applications.









Outlook



· Revenue growth not expected in FY 2016.

· Operating costs expected to continue declining in FY 2016 through a combination of headcount rationalisation, lower IT costs, the exit of non-core geographies and further property rationalisation.

· Expectation of EBITDA profitability in H2 FY 2016, and still targeting EBITDA profitability for full year.

· Cash position expected to be in excess of £45m throughout FY 2016.



Monitise Chairman Peter Ayliffe said:



"Monitise has made substantial progress during the year in moving the business to the cloud. We are well aware that our transformation of the business, while absolutely necessary, has been slower and more challenging than expected and has significantly impacted our financial performance, which we recognise has been disappointing and led to us having to revise some of the financial targets we had set for the year.



We have improved our cost disciplines and the fundamental drivers underlying our business remain strong. The Board and leadership team continue to take the necessary tough decisions and we are confident that Monitise is well placed to deliver value for shareholders as we serve our clients and partners.



The Board is pleased to announce the appointment of Lee Cameron as CEO. Lee has been on the Monitise Board since 2008, held a number of senior executive roles within the Company, is well respected by clients and has led the evolution of Monitise's PaaS offering. I would like to thank Elizabeth Buse for capably taking on the role of sole CEO earlier this year and setting in place many important changes that have helped to reposition the business for the future."



Monitise Chief Executive Elizabeth Buse said:



"Since becoming sole CEO of Monitise, I have focussed on the transition of our business towards the cloud model, while reducing costs and increasing flexibility and discipline. Our move to become a cloud business reflects our drive to adapt to the evolving needs of the industries and clients we serve. A consequence of reshaping Monitise for growth and profitability is that we have had to recognise significant non-cash impairments and exceptional one-off costs.



I have been delighted with client reaction to our cloud platform and, given Monitise's healthy cash balance and the tough decisions we continue to take, I am confident that Monitise is now better positioned for profitability and future growth.



Against this backdrop, I recently informed the Board of my desire, for personal reasons, to return to the United States. Consequently, the Board has appointed Deputy CEO, Lee Cameron, to take over as CEO with immediate effect. Lee has worked alongside me as we have been repositioning Monitise for the future, is well respected by clients, and is the right person to lead the business going forward."



Commenting on his CEO appointment, Lee Cameron said:



"At the heart of Monitise are excellent people and technologies. It is vital that we build on these strengths as we become a cloud company. My immediate priority will be to continue to execute the strategy we have put in place and to ensure that we both serve our clients and create value for our shareholders. We have the assets, clients and skills to succeed and I am determined that we build from here and that Monitise delivers on its potential."



An analyst presentation will be held on Wednesday 9 September 2015 at 9.00am BST at the London Stock Exchange, London, EC4M 7LS. A live webcast of the presentation will be available to view online via investor relations on www.monitise.com. A replay facility will be accessible via www.monitise.com/investor_relations within 24 hours of the results presentation.

Monitise Group ?@MonitiseGroup 2h2 hours ago

.@santanderUK & @monitisecreate are winners. SmartBank takes Silver in the App of the Year category @BestinBizAwards http://tinyurl.com/nt24dj7


SmartBank
By Santander UK plc
https://itunes.apple.com/us/app/smartbank/id910913782?mt=8
Description

SmartBank is Santander’s student mobile banking app. Created in partnership with
Santander Universities, it gives you simple, useful breakdowns of where every penny goes, so it’s easy to keep track of your money and make it last.

view more for this developer
https://itunes.apple.com/us/artist/santander-uk-plc/id482973527

Personal Banking
By Santander UK plc
Description

Wherever life takes you, stay in control of your accounts with Mobile Banking on your iPhone or iPad. Manage your current accounts, savings and credit cards securely and easily anywhere you can connect to the internet. Designed solely for personal banking customers, simply log in with your existing Online Banking details and you’re away
https://itunes.apple.com/us/app/personal-banking/id482973524?mt=8


Business Banking
By Santander UK plc
Description

Santander UK business banking customer? Do your banking wherever and whenever with the new Business Banking app from Santander (English language only).
It’s simple and easy to use and with many features including balance alerts, bill payments and landscape mode. Managing your Santander business and retail accounts on the move has never been easier.
https://itunes.apple.com/us/app/business-banking/id739852606?mt=8

up another 8 to 10% in London on continued no news.
7.3p is 0.11

Omega partners had been filing once a week for their 1% reduction and they are due today for that pattern.

close to break even for me now, after a 20% move up today.

up huge in the UK on no news. as of now 6.8p is equal to $.11

wow, my last 100,000 shares are in the black.

Go monif . Let's see the $$$

Omega advisers selling stock
7/31/15 before 250,290,469 after 238,640,468 10.85%

Motley Fool article

Should Investors Sell Monitise Plc As It Slides To A New 6-Year Low?
By Rupert Hargreaves - Thursday, 30 July, 2015

http://www.fool.co.uk/investing/2015/07/30/should-investors-sell-monitise-plc-as-it-slides-to-a-new-6-year-low/

2015 is shaping up to be a year Monitise‘s (LSE: MONI) shareholders would rather forget.

Over the past six months, the company’s shares have declined by a staggering 81%… and over the last 12 months, Monitise’s shares have slumped by 89%.

These declines are enough to test even the most experienced investor. Unfortunately, during the past seven days the sell-off has only intensified.
Giving up?

It’s not 100% clear why the sell-off of Monitise has intensified in recent days. However, July has been an extremely testing month for the company’s shareholders.

During the past 30 days Monitise has issued yet another profit warning, and Visa Europe, a long time supporter of the company, has announced that it is planning to sell its stake. Moreover, hedge fund Omega Advisors has been aggressively selling its Monitise stake this month, and Apple Pay has been rolled out across the UK.

Still, it’s difficult to pin the declines on just one factor.

Selling by Omega Advisors, a majority shareholder, could be blamed. The fund sold around 35 million shares between 7 July and 22 July, but no trades have since been reported. Monitise’s shares have lost around a third of their value since Omega stopped selling.

The value of disclosed short positions doesn’t offer any clues, either. According to figures, the value of Monitise’s shares out on loan to short sellers stands at one of its lowest levels in 12 months.

And as there’s not much concrete evidence to establish why Monitise’s shares are declining, it could be the case that investors have just lost patience with the company after the deluge of bad news.
Time to sell

So, is it time to join the crowd and sell Monitise?

Well, the recent declines are troubling but there’s no substantial evidence from which to draw a conclusion. The company is working hard to turn things around and still has several lucrative partnerships with Santander as well as IBM. As I’ve covered before, these two partnerships could be valuable for Monitise. Also, there’s a chance that Santander could make an offer for the company.

Santander announced at the beginning of this month that it was committing £10m to a 50:50 financial technology joint-venture with Monitise. The deal will see Monitise will benefit from a multi-million pound upfront licence fee, with further ongoing revenues expected to be generated by the initiative. This is in addition to the company’s 50% share of the business and opportunity to work with one of the Eurozone’s largest banks.

What’s more, Monitise has a strong, cash-rich balance sheet, although it’s unclear how quickly the company will use up its existing cash reserves.

Nevertheless, for the time being Monitise remains a work in progress, and the next few trading updates will be key. Overall, while recent declines are concerning, it’s not time to panic. Monitise still has cash, customers and continues to work with some of the world’s largest companies.
Your own research

As usual, I strongly recommend that you do your own research before making any trading decision. Monitise may not fit your own personal risk profile. And to help you assess the company, our top analysts have put together this new report from The Motley Fool.

The report guides you through the seven key steps all successful investors follow and explains how spending just 20 minutes a month could help you create a portfolio that could bring you closer to financial freedom for life.

Click here to check out the report -- it's completely free and comes with no further obligation.

Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK owns shares of Monitise. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

no news to account for today's sell off. oddly, it was only the 4th highest volume day this month, for MONI.L

Will look to see if there is a filing Wednesday.

with Omega advisers selling stock, the PPS can't get a foothold
Each week this month they have reported a lower percentage



7/22/15 before 265,995,468 after 263,495,468 11.98% down 15,030,000 from the prior filing or 2,500,000 in this
7/14/15 before 286,125,468 after 278,525,468 12.85% down 13,054,968 from the prior filing or 7,600,000
7/7/15 before 302,150,168 after 299,180,436 13.80% down 2.969.732

running total -38,654,700

Really surprised we are still at these levels. RSI has now been cruising in the 20s for weeks. Very oversold

Santander UK launches KiTTi - the virtual ‘cash kitty’
Virtual ‘cash kitty’ created in partnership with Kalixa Payments Group and Monitise

22 Jul 2015

· A first of its kind for UK consumers

· Available on iOS and Android to anyone aged 18+ with a debit card from any UK bank



Santander UK today announces the launch of group money management app KiTTi- the first virtual ‘cash kitty’ of its kind. The app allows up to 100 friends to create collective pots of money, monitor and manage transactions, and pay using the KiTTi prepaid contactless MasterCard. Customers of any UK bank can download the app, quickly and easily set up a KiTTi, invite their friends and start sharing money.



KiTTi was developed by Santander in partnership with end-to-end payment technology services provider Kalixa Payments Group, and global mobile technology business, Monitise.



KiTTi is accessed exclusively through a smartphone app, available on both iOS and Android and users do not need to be an existing Santander customer. The service is available to anyone over 18 with a UK debit card and works in the following way:

· Download the app from either the Apple or Android app stores

· One person registers as an owner to set up a KiTTi and is sent a KiTTi prepaid contactless MasterCard

· Each KiTTi can be given a name, target value and payment milestone(s)

· The owner invites friends to join the KiTTi via the app (text message is sent to their smartphone)

· The owner and friends pay into KiTTi by entering their debit card details, which they need to do only once, through the app’s secure payment process

· A small fee of 35p is applied whenever a payment is made into the KiTTi

· Using the KiTTi prepaid card, money can be taken out or used to pay for anything the group wants – in the UK and overseas

· Multiple KiTTis are managed through one app and one KiTTi card, making it easier to manage than cash – KiTTI owner and friends see money going in and coming out

· A single KiTTi has a maximum balance of £4,000



Kalixa’s integrated platform handles all KiTTi payment functionality including the mobile wallet (funds transfers and management, gateway and acquiring services, transaction processing and card tokenization), the prepaid contactless card (account provisioning, card issuance and transaction processing) and operational services (customer services including contact centre, as well as risk and anti-money laundering systems).



The app was designed and developed with Monitise Create, the design and innovation studio which is part of mobile technology company Monitise. KiTTi is the latest initiative to come from strategic partners Santander and Monitise, which have previously collaborated on SmartBank – Santander’s banking app designed for students.



“We’ve all been through the hassle at the end of a fantastic meal with friends when it comes to splitting the bill. You get a pile of notes, coins and cards in the middle of the table and then have to divvy up the change. And you know at least one of your friends is secretly annoyed because they feel they’ve paid more than they should,” says Sam Nixon, Head of KiTTi at Santander. “The idea behind Santander’s KiTTi app, which is completely unique in the UK, is to make it much easier for groups of people to pay for virtually anything, and with just one single KiTTi prepaid card. It’s really that simple. It’s easy to set up, invite friends to join, pay money in and take money out. Perfect for the WhatsApp generation.”



“The emergence of the shared economy where individuals pool resources, information and even consumption is an undeniable trend. Traditional cash based systems that are inconvenient and onerous for consumers are being replaced by simple, inclusive and sustainable services made possible by mobile. KiTTi is at the crest of this wave,” said Jonathan Bennett, Chief Commercial Officer at Kalixa Payments Group. “Advanced services require advanced technology. Kalixa’s platform has enabled Santander to bring the service to market quickly, with the latest functionality, fully integrated, without the complexity of working with a plethora of different providers across the ‘value’ chain.”



“KiTTi is a fresh and revolutionary service which represents a major step forward in social banking and payments,” said Alistair Crane, Chief Sales Officer at Monitise. “Santander is putting its customers first by embarking on innovative mobile launches which have the consumer’s needs, lifestyle and preferences at the heart of them. Through our partnership with Santander we are progressing a number of home-screen, ‘human-first’ innovations which will ultimately transform the way consumers interact with their money.”

Nice best of luck. We should pop soon

How Will The Launch Of Apple Pay In The UK Affect Monitise Plc, Paypoint plc And Optimal Payments Plc?
Photo: Monitise. Fair Use.
By Rupert Hargreaves - Thursday, 16 July, 2015

http://www.fool.co.uk/investing/2015/07/16/how-will-the-launch-of-apple-pay-in-the-uk-affect-monitise-plc-paypoint-plc-and-optimal-payments-plc/

Apple Pay finally launched in the UK this week after a successful roll-out across the United States.

Apple Pay is designed to shake up the mobile payments market and, as Apple’s iPhone has a 20% share of the global smartphone market, there’s a real chance that the company could soon dominate the mobile payments world.

Apple’s mobile payment system uses a near-field communications, which allows you to link payment cards to your iPhone, iPad or Apple Watch and pay for items in stores.

It’s clear that Apple Pay could be A threat to competitors like Monitise (LSE: MONI), Paypoint (LSE: PAY) and Optimal Payments (LSE: OPAY). Apple already has the infrastructure in place to connect customers with banks and other payment networks. Indeed, within weeks of launching in the US, Apple Pay had grabbed a 2% share of the US mobile payments market, that’s around $1bn worth of transactions per annum.
Working with developers

Optimal Payments has tried to capitalise on the success of Apple Pay by launching its own iOS software development kit for Apple’s payment system. The software allows allowing developers, merchants and partners to add Apple Pay In-App Purchase as an accepted payment option on Optimal’s own payment system. If everything goes to plan, Optimal’s decision to incorporate Apple into its own network should help it piggyback off Apple Pay’s growth.

Monitise is also looking to piggyback off Apple Pay’s growth. The company plans to help its key bank clients and Apple co-operate. In a statement released this week, Monitise shed some light on the issue:

“As Apple Pay opens its APIs we can enable our banking clients’ payment scheme and private label cards into the Apple Wallet just as we support them in all of their mobile banking needs today using our secure API-based cloud platform. Via the app design and build services we offer from our Monitise Create division, we can help retailers with in-app purchases.“
Lack of options

Paypoint is looking on Apple Pay’s lack of payment options. Specifically, Paypoint is the UK’s leading payment collection network used mostly for the cash payment of bills and services. The company bridges the gap between cash and non-cash payments, which means that the company is in a unique position. As Dan Salmons, managing director at PayPoint Mobile and Online, has put it, the success of mobile payments relies on maintaining an element of choice for the consumer.

Apple Pay may offer a sleek, seamless way to pay, but for those without a smartphone or bank account that’s compatible with the service, other cashless payment options remain the better choice.
The bottom line

Overall, Apple Pay is broadly good news for Optimal, Paypoint and Monitise. It’s widely believed that service will increase the take-up of mobile payment solutions among consumers, which is great news for the industry in general.

Monitise and Optimal are looking to benefit from this growth by integrating their systems with Apple Pay. On the other hand, Paypoint has its own niche in the market, which is unlikely to be impacted by Apple’s new service.
Huge opportunity

Monitise, Optimal and Paypoint all have tremendous potential, but our analysts here at The Motley Fool believe that they've discovered one of the market's hidden gems.

The company in question has the potential to increase sales by 300% to 500% over the next few years. This is one of the most impressive growth stocks around. What's more, few have realised its potential.

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This is something you do not want to miss!

Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK owns shares of Monitise and Apple. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

I'm with you $55857, at avg .111715

$58,000 buy at .1147

Bounce opp round 2 here

In for another bounce play

Monitise Shares Dive as Visa Europe Plans Stake Sale
By Dow Jones Business News, July 08, 2015, 04:07:00 AM ED

Read more: http://www.nasdaq.com/article/monitise-shares-dive-as-visa-europe-plans-stake-sale-20150708-00077#ixzz3fIHKa2R5
LONDON--Shares in Monitise PLC (MONI.LN) slumped after the U.K. mobile banking technology company said payment cards company Visa Europe plans to reduce its 5.3% stake in the firm, the latest blow for the former darling of the U.K. technology scene.

Visa Europe "will reduce its shareholding over time while continuing to work with the company throughout the duration of its current commercial agreement," Monitise said.

The agreement, which involves Monitise helping Visa Europe develop payments and shopping services for mobile devices, runs until March 31.

Visa Europe's decision mirrors a similar one taken last year by Visa Inc. (
V
), a separate U.S.-based entity, which prompted a sharp fall in Monitise's share price.

The company has also downgraded its revenue expectations several times and is now well short of the valuation above 1 billion pounds ($1.56 billion) it sat at last year.

Mobile-banking software maker Monitise warns on full-year revenue
Mon, 6th Jul 2015 07:50

July 6 (Reuters) - British mobile-banking software maker Monitise Plc said it expected revenue for the year ended June to be lower than the previous year.

The company, which recently formed a joint venture with Spanish bank Santander to invest in financial technology, said it expected revenue to be 88 million pounds to 90 million pounds ($137 million to $140 million) for the year ended June 30.

Analysts are expecting full-year revenue of 91.63 million pounds, according to Thomson Reuters I/B/E/S. Monitise posted revenue of 95.1 million pounds in the previous year.

The company warned in January that revenue would not be as high as expected and its losses would be greater than analysts had expected, blaming changes in its business model. ($1 = 0.6418 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Gopakumar Warrier)

Monitise plc Trading update
06 Jul 2015

CEO strategy update



FY 2015 revenue expected to be between £88-90m



H2 EBITDA(1) loss expected to show material improvement on H1



FY 2016 EBITDA(1) profitability target reiterated; grosscash of £88.6m provides balance sheet strength to break-even and beyond



LONDON – 6 July 2015 - Monitise plc (LSE: MONI, "Monitise" or the "Company") announces an unaudited trading update for its financial year ended 30 June 2015.



Financial update



· Full-year 2015 revenue is expected to be between £88-90m.



· As guided on 25 March 2015, Monitise expects H2 2015 operating and capital expenses to be materially lower than H1, with a further improvement in FY 2016. Accordingly, we expect an improved position in H2 EBITDA(1) loss compared to H1.



· Monitise reiterates its FY 2016 EBITDA(1) profitability target.



· Gross cash at 30 June 2015 of £88.6m shows a material reduction in H2 cash outflows over H1 and provides balance sheet strength to see Monitise through to break-even and beyond.



(1) EBITDA is defined as operating loss before exceptional items, depreciation, amortisation, impairments and share-based payments charge.



Strategy update



Under CEO Elizabeth Buse, who was appointed as sole CEO of the Company in March 2015, Monitise continues to drive towards EBITDA profitability in FY 2016 and profitable growth thereafter. While our review of the business remains ongoing, and good progress is being made with projects to optimise costs and improve profitability, it has become increasingly clear that there are two distinct types of business within Monitise that have different characteristics and need to be managed accordingly:



· Standardised platforms – The new business leveraging standardised deployments of cloud-based API and on-premise products and platforms. This business is expected to be the key driver of our future growth and profitability and is supported by our digital agency and content teams. It has faster deployment times, lower up-front costs and can be more easily adopted by customers. Client support for this model is evidenced in our Santander fintech joint venture as announced on 1 July 2015 and a major regional US financial institution recently contracting to access the new cloud-based platform.



· Customised platforms – This business line supports many of Monitise’s existing clients with customised platforms, mainly in Europe. Monitise will work with its clients and partners to improve and optimise the financial performance of this business line, including enabling existing clients to benefit from the new cloud-based platform for their own innovation roadmaps.



A further update will be provided with Monitise’s 2015 financial year results, which are scheduled to be published on 9 September 2015.



Monitise CEO Elizabeth Buse said: “We have delivered a solid revenue performance in what has been a difficult year. Across the business, our cost disciplines have improved, we are taking the necessary tough decisions and our path to profitability is on track. Central to our growth plans is our new API-based platform launched in April, we have been delighted with its technical capability and the reception it has re

ebay buying xoom

Jefferies Group lowered shares of Monitise Plc (LON:MONI) to a hold rating in a research report released on Wednesday morning. Jefferies Group currently has GBX 15 ($0.24) price objective on the mobile payments company’s stock, down from their previous price objective of GBX 36 ($0.57).

http://www.wkrb13.com/markets/648109/monitise-plc-cut-to-hold-at-jefferies-group-moni/

From Jefferies by way of the Yahoo board...

"Jefferies comment that the CEO (Buse) is fixated on the EBITDA breakeven projection is very telling. That is what corporate organization managers are able to do. Reorganize, combine, eliminate jobs; lower costs; all controllable stuff by the boss. Who is selling anything? It appears no one with growth being the problem and the opportunity in a new market. No message because of no results"

We'd prefer to believe that EB & team are focused on transformation activities first ... growth will follow:

- Geographic prioritization (exit Asia Pacific, India)
- Product transformation (focus investment on target platforms & functionality for early adopters)
- Organization globalization (who does what where vs. everyone does everything)
- Board simplification (eliminate conflicts by removing Visa Europe, Al)

We can't sell product that does not yet exist. Wait for deployment announcements for...

- Yaap Digital (Santander, Telefonica, Caixa)
- Virgin Money
- unnamed BPO
- MoneyPass
- unnamed Top 10 US FI
- Societe Generale

Functionality required for the above will be very attractive to fast-followers. Growth will soon be important as cost cutting is not a long term strategy

http://www.lse.co.uk/ShareChat.asp?ShareTicker=MONI

It was upgraded, not downgraded

Downgrade could push this below .16 support level today. Could be a good time to jump in for a nice little swing trade. Keeping an eye on it tomorrow.

bad timing

Issue of deferred consideration



LONDON - 29 May 2015 - Monitise plc (LSE: MONI, "Monitise" or the "Company"), announces the following update regarding the payment of deferred consideration relating to the acquisition of Monitise Yazilim A.S. (formerly Pozitron Yazilim A.S.), announced on 3 February 2014.

Deferred consideration comprising 7,998,496 new ordinary shares of 1p each ("New Ordinary Shares") was issued on 28 May 2015 pursuant to the terms of the acquisition. This represents £1.0m based on the closing share price of 13.0p on 28 May 2015. This payment is the first of two potential deferred consideration payments related to 2014 deferred consideration. The remaining payments for future years, if triggered, would fall due in the period to and including January 2017, with the total earn-out consideration dependent on performance against earn-out targets.

The New Ordinary Shares represent an increase of approximately 0.4% in the number of Monitise shares in issue and will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"), and it is expected that Admission will become effective on 2 June 2015. Following Admission Monitise will have 2,163,564,604 Ordinary Shares in issue.

Those .15s ended up being sweeeeet