Monitise PLC (MONIF)

[stayfocused]

This management couldn't organize a gangbang in a brothel. I'm expecting that the pps will rise fuelled by anticipation of a buyout and we can finally make some money here!

Monitise 1st Half Loss Widens, Reiterates Fiscal Year Guidance -- Update
Date : 02/17/2015 @ 6:15AM
Source : Dow Jones News
Stock : Monitise (PC) (MONIF)
Quote : 0.38 0.068 (21.79%) @ 1:57PM

" LONDON--Mobile device banking and payments technology group Monitise PLC (MONI.LN) Tuesday reiterated full-year revenue expectations and said it remains in discussions with interested parties after effectively putting itself up for sale last month.

The company, which helps customers such as Spanish bank Santander to facilitate mobile payments and banking, reported a pretax loss of 58.4 million pounds ($89.3 million) for the six months ended Dec. 31, up from a GBP23.3 million loss the previous year, on revenue down to GBP42.4 million from GBP46.5 million.

Full-year revenue is still expected to be between GBP90 million and GBP100 million, in line with previously reduced guidance, the company said.

"The announcement of our Strategic Review has led to many constructive discussions with market-leading players interested in our business and the role we play in the industry," said chairman Peter Ayliffe.

Monitise said last month that it would launch a strategic review to consider options including the company being bought. The announcement came after a tough year for the company, which included lowering its revenue growth expectations and payments card company Visa Inc (V) cutting its stake in the firm.

http://ih.advfn.com/p.php?pid=nmona&article=65514924