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Re: alllen post# 488

Monday, 04/21/2014 7:58:31 AM

Monday, April 21, 2014 7:58:31 AM

Post# of 1112
I'm the same, I've done a little DD also but for me it depends on your time horizon, I think if you want an overnight success this isn't going to do it for you but if you have a 1-2 year outlook then I think you'll do very well. All the bad news is already in the price IMO and so long as the 2nd half losses aren't way out of kilter from expectations, then any dip should be minimal. The one over-riding positive for me is that Omega Advisors (aka Leon Cooperman) as of April 2nd 2014 had 200m shares (which is an approximate 30% increase from their initial holding of 152m in Feb '13). Visa, and very soon to be Mastercard, also have/will have an investment in MONIF which bodes well for long term re-occurring revenues as they are huge clients for Monitise. Finally, although they've lowered revenue forcasts for 2014 they are still forcast to increase 40% which in anyone's book is stellar. I think it's a buy but that's JMO.

http://www.monitise.com/investor_relations/major_shareholders

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