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NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

Monitise – “Trading Update” = Trading Warning (natch)…

2017-07-27 03:40:41

Currently attempting to push a 2.9p per share offer from S&P 500 financial services technology company Fiserv through, Monitise (MONI) has followed the recent lead of InterQuest (ITQ) in delivering a downbeat trading update…

NEWSFLOW ARTICLE

Monitise – from 80p in 2014 and “well placed” at approaching 6p in 2015 to a recommended offer… at 2.9p!

2017-06-13 08:40:56

Having previously attracted some adverse comment for bearishness on Monitise (MONI) – including at 50p+, I note the shares currently trade approaching 22% higher today, at 2.80p, on the back of a recommended cash offer for the company…

NEWSFLOW ARTICLE

Monitise – reckons half-year results demonstrate transformation programme working. Hmmm…

2017-02-23 09:40:56

A half-year results announcement from cash guzzler (Oops sorry, “digital technology group specialising in financial services”), Monitise (MONI) emphasises “our transformation programme is nearing completion, and continued half on half EBITDA profitability demonstrates that it is working”. Hmmm, EBITDA is though of course bullshit earnings, so what’s the real story?...

NEWSFLOW ARTICLE

Monitise – FY results, claims “positive” client response, but then admits contracts taking longer to conclude than anticipated! …

2016-09-08 03:28:23

Monitise (MONI) has announced results for its year ended 30th June 2016 emphasising “substantial improvement” in second half operating figures and “FINKit®, our new business unit which enables banks and financial services organisations to transform their digital services, launched during the year generating initial revenues in the second half of FY 2016, and received a positive response from current and potential clients and partners”. Sounds good…

ARTICLE

Monitise – MONI, MONI, MONI, another “Trading Update” that’s not funny for shareholders

2016-07-21 03:10:19

Long-time specialist in draining shareholder money (sorry, “specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions”), Monitise (MONI) commences the first two bullet points of a trading update with “in line with previous guidance”, though the last includes that it “expects FY 2017 revenue to be lower than FY 2016 as a result of the continuing transition for the business”. Uh oh…

NEWSFLOW ARTICLE

Monitise – content business disposal off due to strong performance and prospects & to minimise uncertainty. Really?

2016-05-31 04:05:10

With its shares rising fast from sub 2p at the start of March, Monitise (MONI), noting the movement, updated that it was “in very early stage discussions regarding a possible disposal of the Content business”. Now, these discussions have “ceased” - with the shares currently sliding back below 3p in response…

NEWSFLOW ARTICLE

Monitise – interim results, the numbers don’t look good!

2016-02-12 04:55:25

Monitise plc (MONI) has announced results for its half year ended 31st December 2015. The numbers don’t look good!…

NEWSFLOW ARTICLE

Monitise trading update, EBITDA (bullshit earnings) now positive… or not?

2016-01-21 08:25:37

Monitise plc (MONI) has announced a half-year trading update – the second bullet point of which is “Existing businesses generating positive EBITDA going forward”. Hmmm. As per Charlie Munger, EBITDA is ‘bullshit earnings’ but at least this now seems to be “positive” here I suppose… or is it?...

NEWSFLOW NEWSFLOW ARTICLE

Performance Update: 2015 UK Investor Show bear calls & investor short positions

2015-10-27 01:18:05

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced. As noted HERE, we're monitoring progress of those also having been identified as shorts by significant investment companies...

ARTICLE

Monitise plc – “Telefónica cloud platform agreement” not as positive as it may sound…

2015-10-23 01:21:46

“Monitise (MONI) and Telefónica cloud platform agreement” Great news! What? The agreement supersedes an existing contract between the companies, is only “to explore” potential projects based on the Monitise cloud platform and “the company's guidance for FY 2016 remains unchanged as a result of this announcement”. And it gets worse?...

NEWSFLOW NEWSFLOW ARTICLE

Monitise plc – follows share price and results disappointment with… cut-price share option awards!?!

2015-10-08 04:36:50

With its shares having crashed from 80p in early 2014 to 2.68p at the start of this month and having announced a self-declared “disappointing” financial performance last month, Monitise plc (MONI) has this month responded by… ‘awarding’ options “to directors and employees of the company in respect of the Monitise Performance Share Plan”!?! …

ARTICLE

Table of shorted AIM shares - 02/10/2015

2015-10-07 01:49:45

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

ARTICLE

Table of shorted AIM shares - 11/09/2015

2015-09-17 00:07:09

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

ARTICLE

Monitise – full-year results review, bearish stance further vindicated…what a dog

2015-09-09 04:57:35

Monitise plc (MONI) has announced results for its year ended 30th June 2015 – with it noting a “disappointing” financial performance and announcing another change in leadership. Having long warned (see, for example, HERE), what’s the outlook now with the shares further down currently to below 4p?

NEWSFLOW ARTICLE

Performance Update: 2015 UK Investor Show bear calls & investor short positions

2015-08-25 00:12:58

At the 18th April 2015 UK Investor Show, the top shorts of bears Evil Knievil, Lucian Miers, Matt Earl and Kevin Ashton were announced. As noted HERE, we're monitoring progress of those also having been identified as shorts by significant investment companies...

ARTICLE

Monetise and Concha to fill the void left by Afren and Gate Ventures as prime shorts

2015-08-02 01:26:40

I note that Afren (AFR) shareholders have finally been put out of their misery today as the company is put into administration. It had been apparent for some time that the shares were worth either an absolute top of 1p, the proposed restructuring price, or zero if the deal fell through. This did not stop punters paying 2p shortly before the shares were suspended. As bears in Afren we owe these people a big and heartfelt thank you.

ARTICLE

The State knows how to pick winners - George Osborne and Monitise caption contest

2015-07-30 05:54:00

I have been a mega bear on Monitise (MONI) and with the shares now sub 5p feel rather vindicated. I still would not touch the shares with a baregepole.

ARTICLE

Zak Mir's Bear Call Of The Day: Monitise: Rise Of Sub 5p Destination Despite Oversold RSI

2015-07-13 00:57:50

It would appear that from a fundamental perspective at Monitise there is almost an endless analysis that one could offer as to both the positives we used to be overwhelmed by, and the way that the star of the payments company appears to have gone into decline

ARTICLE

Monitise plc – what is the impact of Visa Europe looking set to walk?

2015-07-10 05:54:35

Having this week announced that Visa Europe Ltd has notified that it will reduce its shareholding over time while continuing to work with the company throughout the duration of their current commercial agreement, though will only “assess on an ongoing basis opportunities to work together in future” (see HERE), what is the impact on forecasts for Monitise plc (MONI)?

ARTICLE ARTICLE

Table of shorted AIM shares - 03/07/2015

2015-07-08 07:30:35

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

ARTICLE

Monitise plc – bearishness further vindicated as Visa Europe now also set to walk

2015-07-08 04:14:18

Last September Visa Inc. announced a lessening involvement with Monitise plc (MONI) – prompting us to ask if the US-based company can go it alone who will be next? (see HERE). Today Monitise has announced that Visa Europe Ltd has now also notified it that it will reduce its shareholding over time while continuing to work with the company throughout the duration of its current commercial agreement…

NEWSFLOW NEWSFLOW NEWSFLOW ARTICLE

Zak Mir's Great Request Show: ARM Holdings, ITM Power, Monitise.

2015-05-29 01:15:42

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at ARM Holdings, ITM Power, Monitise.

ARTICLE ARTICLE

Zak Mir's Bear Stock Of The Day: Monitise: Grim Technicals Suggest Sub 5p Destination

2015-05-18 01:44:41

From a technical and fundamental perspective it is apparent that Monitise (MONI) has gone from being hero, to something close to zero in terms of both market perception and share price. The temptation is of course to think that after such a slap there could be a rehabilitation of sorts on the horizon.

ARTICLE

The 2nd Shorting Idea of the Great Kevin Ashton from UK Investor show – sell Monitise at 13.75p

2015-04-19 07:22:19

At the last minute free speech denying broker Charles Stanley, (Nomad to POS companies such as Tungsten and Coms) forced the world’s top tech analyst Kevin Ashton not to speak at UK Investor. Luckily I have his notes sent to me earlier in the week and so here is why I think Monitise (MONI) is such a stonking sell. 

ARTICLE

Q1 2015 Performance Update: shorted AIM shares

2015-04-16 00:57:49

From the weekly table published on this website, the following updates how the shorted AIM shares have performed (green indicates the shares were not in the last weekly table of the quarter HERE, with the noted 'closing share price' then that of the publication date of the first weekly table in which the shares no longer appeared)...

ARTICLE

Monitise plc – update as forecasts reintroduced & directors buy shares

2015-04-07 06:00:53

I previously commented that its recently concluded strategic review suggested that Monitise plc (MONI) was not worth what the board seemed to consider it to be – see HERE. The following updates after some director share buying and the reintroduction of some forecasts…

NEWSFLOW ARTICLE

Monitise ‘Strategic Review’ confirms it’s not worth what the board thinks & founding co-CEO walks the plank

2015-03-25 05:18:35

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…

NEWSFLOW ARTICLE

Monitise plc – review following research update on interims and capital markets day

2015-02-25 08:25:52

Interim financials last week from Monitise plc (MONI) were far from impressive – though the company emphasising that this “reflects a period of transition, with the group moving away from large upfront licence revenue or engaging in new large scale development and integration led projects, but not yet benefiting from the release of the new platform and associated subscription revenue”. The following reviews a research update post the interim results and a following ‘Capital Markets Day’…

ARTICLE

Monitise plc – interims results, ‘moni’ being lost hand over fist

2015-02-20 06:00:25

Monitise plc (MONI) has announced results for a six months ended 31st December 2014 it describes as “a period of transition, with the group moving away from large upfront licence revenue or engaging in new large scale development and integration led projects, but not yet benefiting from the release of the new platform and associated subscription revenue”. With it also noting “the announcement of our Strategic Review has led to many constructive discussions with market-leading players interested in our business and the role we play in the industry”, the following updates…

NEWSFLOW ARTICLE

Bulletin Board Moron of the week (9) Competition in honour of LSE.co.uk

2015-01-25 04:23:36

Mr Rhys Griffiths of law firm Field Fisher would have to be a prime contender for this award. He reckons that I have invented a time machine and also made up a quote for me to support his mad thesis. Sadly he did not post his ramblings on a Bulletin Board but sent them in a joke lawyer’s letter to me on behalf of the asylum known as LSE.co.uk so he is ineligible. But in honour of the buffoons who paid him £500 an hour to produce such piffle the competition is back.

ARTICLE

Monitise plc - "Trading Update" & "Strategic Review", aka 'Revenue Warning' & 'Up For Sale'

2015-01-23 03:01:14

Again suggesting the potential value of short position data such as HERE, shares in Monitise plc (MONI) currently trade at 13.375p - having reached 80p less than a year ago. This is on the back of an announcement of revenue for the first half of its year to 30th June 2015 of £42.4 million (H1 2014: £46.5 million), that “FY 2015 revenue is expected to be between £90-100m (FY 2014: £95.1m) compared with previous guidance of at least 25% growth” and that the company is commencing a review of its options “in light of recent share-price weakness, shareholder feedback and industry developments”. The following reviews…

NEWSFLOW ARTICLE

Exclusive: Lucian Miers goes short Monitise at 21p

2015-01-15 09:24:15

I can reveal that infamous bear raider Lucian Miers has gone short of Monitise (MONI) even though its shares are now languishing at multi year lows of 21p.

ARTICLE

The AIM shares shorted as at the start of 2015...

2015-01-07 02:12:15

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the AIM shares shorted at the start of 2015...

ARTICLE

Table of changes in net short positions - week to 12/12/2014

2014-12-22 05:05:38

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details changes to net short positions in the last week (red if short increased, green if reduced)...

NEWSFLOW ARTICLE

Monitise – what does recent partnership news & funding actually mean?

2014-12-09 00:55:57

Having fallen from a year high of 80p to a low of 26p in October, shares in mobile money technology company Monitise plc (MONI) have only recovered to a current 30.75p despite recent announcements of discussions to expand its commercial relationships with Santander, Telefónica and MasterCard, “a deepening collaboration with IBM” and an agreement with Virgin Money “to help develop elements of the bank's future digital banking services”. The following reviews.

NEWSFLOW ARTICLE NEWSFLOW ARTICLE

The AIM shares investors are short of - 20/11/2014

2014-11-25 01:02:50

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the AIM shares investors are short of (linked to recent ShareProphets coverage of them).

ARTICLE

Table of most shorted shares in London - 11/11/2014

2014-11-13 05:06:24

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the most shorted shares (by total net short position %) and if this total position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE.

ARTICLE

Video of Tom Winnifrith presentation - why Monitise is worth 10p a share

2014-10-30 08:48:36

The final presentation on Monday night at the ShareProphets seminar was by myself on Monitise (MONI) as I explained why the shares were worth only 10p. With hindsight I think I might have been a bit generous but the thrust of my thesis is pretty clear cut.

ARTICLE ARTICLE

Short positions table to check as markets continue to fall

2014-10-10 16:53:41

The FCA publishes a spreadsheet of short positions required to be disclosed to it and the following details those investment firms that as of 9th October had disclosed short positions in two or more of the stocks that have been covered bearishly on this website (with the % net short position of the 'position holder' and position date linked to our latest article on the company). The table also includes the other net short positions the 'position holder' discloses and investors may want to double check if they are on the other side of the trade to these seemingly shrewd investors (see the share price performances of the linked companies). Companies in bold feature in the table more than once.

ARTICLE

Monitise plc – do director buys and research update convince?

2014-09-26 16:00:25

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.

ARTICLE

How Bulletin Board Morons Deny Disaster – case study Monitise

2014-09-21 10:40:46

Thursday’s news that Visa was dumping Monitise (MONI) was quite clearly a disaster. It must have come as a total shock to Monitise otherwise the director who dumped 1.5 million shares at 44p on Monday (good call mate, BTW) would be heading for prison. And it is a body blow as I explain HERE.

ARTICLE

Inspired share trader of the week – Lee Cameron, Commercial Director of Monitise.

2014-09-20 20:54:14

Lee Cameron of Monitise you are a frigging genius at this share trading game – when are you going to launch a course on how to do it? Forget working for Monitise as it is a busted flush, stick to this share trading, you are THE MAN

ARTICLE

Monitise plc – responds to Visa getting set to walk as shares slump

2014-09-19 01:00:53

Having earlier this week remained bearish on mobile money technology platforms and services company Monitise (MONI), the shares have further crashed on the back of an announcement from current 5.5% shareholder and strategic partner Visa Inc. that it is “considering its options with regard to its Monitise stake… and has engaged J.P. Morgan Securities Plc to assist” and “intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources”. With Monitise having responded to Visa’s announcement am I changing tune? Er...

ARTICLE

Monitise - Visa is walking, shares crash, and another win for the Sheriff

2014-09-18 08:49:55

Okay its time for the Bulletin Board Morons to apologise to me YET AGAIN – today’s victory is Monitise (MONI), shares in which have crashed to 31p as Visa has said that it wants out. My 10p target price stands.

ARTICLE

Monitise – full-year results: losses up, shares again down

2014-09-17 10:40:20

Mobile money technology platforms and services company Monitise (MONI) has announced results for its year ended 30th June 2014 and a “confident outlook”. Is this though still discounted in a share price which has fallen from 80p earlier this year to a current 43.5p?

ARTICLE

Monitise a sell down to 10p, Twitter Moron of the Week and no It WILL NOT be different this time

2014-08-29 07:28:13

Monitise (MONI) has announced another big name collaboration which has the Bulletin Board and twitter morons all excited. Natch there are no financials. Monitise only admits then when it says – as it does every few months – “uh, oh, another small delay in the move to profitability but do not worry revenues are going up.” My twitter moron of the week Share Tipster (@2years2go) reckons that concepts like cashflow, DCF etc are all so old hat and that I just do not get the new paradigm. Where to start.

ARTICLE

Monitise plc – further alliance with IBM, but have the fundamentals changed?

2014-08-28 07:13:51

Having fallen to 40.5p earlier this month, shares in ‘mobile money’ technology company Monitise plc (MONI) traded more than 14% higher yesterday, at 48.25p. This follows the announcement of a further extension of its relationship with IBM. In the following I review the announcement and share price move.

ARTICLE

Monitise: Weedy non-news, Edison puffer after profits warning: Red Flag Placing Ahoy – Sell – target 20p

2014-07-30 13:23:55

Early this month Monitise (MONI) served up a dismal profits warning. Delays in revenues were – in true Rob Terry fashion – viewed as being for good reasons but once again this company failed to hit targets.  Now we see a weedy non-announcement and an Edison puffery research note all of which are Red Flags. Whatever Monitise says it is running out of cash and a placing is inevitable.

ARTICLE

Monitise plc – forecasts down, share price to fall again?

2014-07-15 11:50:35

Shares in mobile banking, payment and commerce company Monitise plc (MONI) were hit earlier this month by a trading statement – as analysed HERE. Heck, let's not beat about the bush: trading statement equalled revenue warning. Forget about profits, they are years away (at best). With lower forecasts now in place and the shares having recovered a bit to a current 46p, should you buy?... No!

ARTICLE

Monitise - trading statement vindicates earlier bearishness, where now?

2014-07-08 11:20:47

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.

ARTICLE

Monitise – even researcher for hire Edison slashes forecasts as it worries about costs of sales

2014-02-26 11:37:07

The headline on Edison’s note on Monitise (MONI) out today is bullish “FY 2014 Growth on Track” but then Edison is paid to write this note. Prostitutes do not tell their clients that they had bad breath and a small dick. Read the text and massive cuts to forecasts for the real story. Sorry Monitise but size (of your cashburn) and tumbling forecasts, does matter.

ARTICLE

Bulletin Board Moron of the Week: Michael “It Will be Different this time” on Monitise

2014-02-21 07:45:49

My bear piece yesterday on Bulletin Board darling Monitise was always going to generate a stack of abuse from “the believers.” I knew it, I expected it and I was not disappointed. Among those commenting was this week’s Bulletin Board Moron of the week, Michael, who posted in the comments section on the original piece. The Moron writes… 

ARTICLE

Monitise – Surely the valuation is a total joke?

2014-02-20 12:49:01

I realise that AIM Listed mobile banking technology group Monitise (MONI) is a Bulletin Board darling and so penning this piece will generate heaps of abuse for me (plus ca change). I am prepared to accept that this is a fine company but surely a £1.15 billion valuation at 70p is quite simply insane?


ARTICLE

Monitise Chasing 100p While Old 63p High Is Support

2014-01-09 11:27:54

Early in 2013, the Closet Chartist read an article where a U.S. hedge fund manager suggested that if he wanted to win an investment competition Monitise (MONI) would be the stock he would choose.


ARTICLE

Monitise – shares could tank if market sentiment changes

2014-01-07 16:35:52

In his ‘macro calls for 2014’ (see HERE) Tom Winnifrith noted that the US markets look to be stunningly overvalued and that a Wall Street correction would, in the UK, see FTSE-350 stocks (liquid and overvalued) plus some of the tech plays on exorbitant forward PEs caned the most heavily. What are some of the tech stocks that look to fit such a profile? Paid-for researcher Edison has recently updated on AIM-listed Monitise plc (MONI). I am not paid by Monitise and so reach a rather different conclusion to the writers-for-hire.

ARTICLE

Buy Monitise: Above 32p Targets Towards 45p

2013-04-15 01:50:48

It may be argued that for fans of mobile banking technology group Monitise (MONI), the key bullish event in the recent past was getting a placing out of the way at the beginning of December. This delivered a predictable dip for the stock just below 30p, with the rebound taking the form of a bear trap event.

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