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Monitise PLC (MONIF)

- OTCPK - Current
  • Wed, Jul. 8, 11:30 AM
    • Another hit for Monitise (OTCPK:MONIF), down 23.3% in U.S. trading as Visa Europe says it will sell its 5.3% stake "over time."
    • The companies will keep working together on projects under a three-year pact they formed that ends next March. Visa Inc. (the American provider) already sold its stake in Monitise.
    • Monitise shares fell to their lowest level in six years in London trading. The stock declined again on Monday as it issued yet another sales warning.
    • Previously: Monitise trading down as it issues fourth revenue warning in a year (Jul. 06 2015)
  • Mon, Jul. 6, 1:49 PM
    • Monitise (OTCPK:MONIF) is down 7.5% in over-the-counter trading as it issues yet another revenue warning, its fourth since last year.
    • Revenues for 2015 are now expected at £88M-£90M. That's vs. consensus expectations of £91.4M.
    • At the beginning of 2015, the company expected revenue closer to £120M, and in March reduced its outlook to £90M-£100M.
    • The company still says it's on target for profitability by 2016. It revealed earlier this year that it's rejected several takeover offers.
    • Last week it formed a £20M joint venture with Santander to invest in financial-technology companies.
    • Shares closed down 2.9% in London, to 9.95 pence. They're down more than 80% over the past year as the company has struggled with a transformed business model, moving away from upfront licensing toward subscription income from a mobile money platform.
  • Nov. 27, 2014, 1:27 PM
    • Monitise (OTCPK:MONIF) gets a £49.2M investment from strategic partners Telefonica (NYSE:TEF), Santander (NYSE:SAN) and Mastercard (NYSE:MA).
    • They will buy 161M ordinary shares at 30.5p/share (Nov. 26's close), representing 8.2% of the existing issued ordinary share capital.
    • Monitise also says it's in discussions to expand its commercial relationships with above partners "to support the development and accelerated rollout of its global platform capabilities."
    • IBM has agreed to deploy Watson in support of Monitise’s new technology platform.
    • Monitise also reiterates current year and longer-term guidance.
    • Short interest is ~11% of float.
    • Monitise was best performer on FTSE AIM 100 index today.
    • Source: press release
  • Dec. 19, 2013, 2:21 PM
    • SandRidge Energy (SD +2.6%) spikes after Leon Cooperman lists it as one of his five favorite stocks, citing the company's "fundamentally improving trend" the market has been slow to recognize; he thinks SD has the potential to double to ~$10.
    • The hedge fund manager also likes Sprint (S +3.3%) based on the prospect of a potential consolidation with T-Mobile, the U.K.'s Monitise (MONIF +7.8%) as a play on mobile banking, a re-made SunEdison (SUNE +4.8%) which is spinning off its money-losing semiconductor business, and Brazilian healthcare provider Qualicorp (QUAIF).
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Company Description
Monitise is the largest Mobile Money specialist in the world. We have a single-minded and realistic vision: to make money totally mobile across the globe.<br /><br />Were already working with over 300 of the worlds leading businesses and financial institutions across global territories to make... More
Sector: Services