Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Monitise plc (MONI) has announced that a strategic review has concluded “that the best way of maximising long-term value for all stakeholders is to continue transforming and streamlining the business as an independent company”. With the shares having reacted a current more than 16.5% lower, to 15p, the following reviews…
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Comments
alcira16247
Steve
This is yet another example were investors owe the ShareProphets team a big vote of thanks.
Its only some 8/9 months ago that Monitise was riding high as a Aim darling with huge fanatical LSE Bulletin Board support.
Tom Winnifrith was viciously attacked by these same folk after publishing a particularly bearish article, questioning the companies future prospects. It was then, I, along with other potential investors considering dipping our toes into the Monitise success story stopped and paused.
Thank God, we did!