U.K. mobile banking specialist Monitise PLC (MONIF.PK +9.1%) pops as Lee Cooperman - presenting...


U.K. mobile banking specialist Monitise PLC (MONIF.PK +9.1%) pops as Lee Cooperman - presenting at SALT in Las Vegas - calls it his top conviction pick: "no financial risk .. no debt ... the blessing of Visa." He owns more than 10% of the company. Other top picks: ESRX, QCOM, C, AIG, MET, and RIG.

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Comments (3)
  • movies555
    , contributor
    Comments (1452) | Send Message
     
    It's a teeny, tiny company. While it has the blessing of Visa, I believe Visa's stake is less than it used to be (dilution recently?) and I think my concern is that larger players in the industry can do this sort of thing better, faster, etc. Lastly, the pink sheet in the US trades pretty horribly.

     

    It's an interesting company, no doubt, but I think Monitise is really more speculative. It may get bought, but if not, I think there's a fair amount of larger competition.

     

    Additionally, Cooperman is a tremendous investor, but in sort of the same industry, I also believe he bought a lot of Verifone (PAY) before that took a tumble.
    9 May 2013, 03:39 PM Reply Like
  • 390008
    , contributor
    Comments (6) | Send Message
     
    movies 555, there is a reason Cooperman has picked it, and no, Visa USA and Visa Europe each own large shares of this stock. Not to mention VEurope recently adding 40 million prospective dollars to Monitise coffers in a quid pro quo agreement. And yes, Monitise is a small company, but it seeks to own just a portion of this promising market. Several global banks, including US banks, already use their compelling services with more added all the time. So I would urge caution dismissing this company as a sound investment. They are already a world player in this marketplace as Cooperman well knows.
    9 May 2013, 10:17 PM Reply Like
  • jhawkinstx
    , contributor
    Comments (78) | Send Message
     
    I have been trying to track down info on Monitise but the only press I have been able to find of any consequence is from FT.com. They have a terrific market & scores of wonderful partners and clients....but they don't appear to treat their common shareholders very well. Dilution after dilution.....with the majority of the capital structure being in prefered protected from dilution......I will have to think twice about this one....Incredible opportunity....Maybe a suckers play for all but the insiders.
    11 May 2013, 05:49 PM Reply Like
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