Monitise PLC (MONIF)

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Psstt Tiger Global Is Short Quindell And Monitise
by Tabinda HussainNovember 20, 2014

http://www.valuewalk.com/2014/11/tiger-global-short-quindell-plc/

Tiger Global shorting Monitise through Blau GmbH

Tiger Global has managed to short other European companies using shell identities while grabbing big chunks of profits. Blinkx Plc (LON:BLNX) (OTCMKTS:BLNKF) came under attack from shortsellers earlier this year after a Harvard professor criticized the company’s business model. Blinkx has since suffered a decline of nearly 90%, making Tiger Global even richer. Blau GmbH/Tiger Global was short Blinkx, Home Retail Group Plc (LON:HOME) (OTCMKTS:HMRTY), Thomas Cook Group plc (LON:TCG), TUI Travel PLC (LON:TT) (OTCMKTS:TTVLF) in U.K. Currently Tiger Global is shorting Monitise Plc (LON:MONI) (OTCMKTS:MONIF) through Blau GmbH, and shares are down over 56% year to date.

With its bet against Monitise, Tiger Global is pitted against Lee Cooperman who has firmly stuck to the long side of the mobile banking company. Cooperman was willing to boost his stake to over 16.5% just as Visa Inc (NYSE:V) was assessing options to divest of its 5% holding in Monitise.

The practice of hiding identity is not too prevalent among other Tiger cubs who routinely disclose synchronized positions. Coatue Management is shorting Monitise and Quindell, as we have reported previously. Lone Pine Capital has over half a billion dollar short portfolio in Europe according to regulatory filings.