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Monitise plc – do director buys and research update convince?

By Steve Moore | Friday 26 September 2014


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.


Since my previous comment on mobile money technology platforms and services company Monitise (MONI) - which followed an announcement from Visa that it is “considering its options with regard to its Monitise stake” and “intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources”, researcher Edison has updated and there has been some boardroom share buying. The following updates with the shares, having recovered to above 35p, currently slipping back towards 30p.


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