Ong Kang Wei
Dividend growth investing, growth at reasonable price, long-term horizon

Monitise: This High Growth Mobile Company With 40% Upside Makes My 2014 Pick

Note: All financial figures for Monitise Plc was reported in Pounds (GBP). I will express all important figures in both GBP and USD. Please note that the exchange rate I used was £1=US$1.64- the exchange rate when this article was published.

Monitise PLC (OTCPK:MONIF), the brainchild of entrepreneurs Alastair Lukies and Steve Atkinson, was founded in 2003. It aimed to create a platform that allowed people to exchange money (Mobile Money) anywhere, anytime, using their mobile phones. Since then, Monitise has grown from a simple aspiration to a company worth over £1B, and now, it is favorably positioned to benefit from the rise of mobile phones and the emerging markets. In this article, I detail the factors that...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details