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Monitise - trading statement vindicates earlier bearishness, where now?

By Steve Moore | Tuesday 8 July 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.


With its shares at 72p in January I warned HERE that although Monitise (MONI) has a number of significant partners, there remains clear execution risk and a competitive environment and that a lack of tangible support for the valuation would likely see the shares hit particularly hard in the event of any upcoming decline in market sentiment. The following updates with the shares currently at 42p following a dismal trading statement today.


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