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

By Steve Moore | Tuesday 15 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.


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!


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