Monitise PLC (MONIF)

[stayfocused]

I think it has a chance if the exponential increase in customers/revenue that the company believes is going to happen over the next 2-3 years occurs. Leon Cooperman (Omega Advisors) has 221m shares in this along with Visa Europe, Mastercard, Norges Bank and Santander but the problem is that the company is buying everything with shares and so forward looking profit is being slowly eroded away. At some stage they may do a buy back but I aint holding my breath.

In short this won't be an overnight 'To da moon' more like a slow and steady crawl to higher highs but Leon Cooperman remains upbeat after stating that 2014 wasn't the time to buy MONIF at the beginning of the year.

But to be fair that is still a 250% profit from these levels, not bad for 2-3 years. JMO