Monitise Share Discussion Threads

[bigman786] 24/2/2017 07:43

Got all excited then ...

[anotherardbeg] 23/2/2017 19:45

Plasybryn agree with most of what you say. Banksters have been concentrating on staying out of jail whilst paying the fines for their fraud. Hard to see they will change their ways in the near future. Still hanging in here no option for me.

[mikethebike4] 23/2/2017 17:02

I'm beginning to wonder if life will be long enough for me to see moni at 6p - to show a profit !
mtb4

[j777j] 23/2/2017 16:38

@broken record.Life is short get out more.

[mikethebike4] 23/2/2017 16:34

'FINkit commercialisation on track - huh, what track is that ?
'sales are under “active discussion" - let's hope they are and not just in moni offices
mtb4

[plasybryn] 23/2/2017 15:43

I think the Banks are too frightened.
Their legacy systems go back to the 70's with thousands of bolt ons.
Imagine trying to migrate away and the risks involved.
It is not that they don't want too, it is more a matter of what happens if it all goes wrong & data is lost etc.
Perhaps they need a parallel system initially.
Or will one of the small upstarts go the App. route first & force the big boys to take action?

[investment dave] 23/2/2017 15:42

Visible benefits from restructuring
In our view, Monitise’s H1 17 results demonstrate the benefits of management’s ongoing transformation programme. EBITDA profitability was sustained, and accompanied by cash outflow more than halving vs H1 16A. With gross cash at £27.3m, the group’s financial position remains strong. Initial FINkit sales are under “active discussion” and ongoing regulatory initiatives (CMA, PSD2) give further grounds for optimism in the outlook.
 Visible benefits from restructuring: Monitise reported a second consecutive six-month period of positive EBITDA. A 33% reduction in headcount versus H1 16A was a key driver of a 56% YoY decline in opex. Cash outflow before financing more than halved to £14.2m. Underlying performance was notably stronger, with outflows impacted by a £6.8m settlement charge from onerous contracts and £1.5m from a non-recurring reduction in deferred income during the period.
 Cash position remains solid: Monitise closed the period with a gross cash balance of £27.3m (£26.2m net), representing 44% of the current market capitalisation. With our expectation of improved margins, lower capex and significantly reduced onerous contract charges in FY 17E, our model suggests that the H1 17A cash position will be sufficient to fund the company through to cash flow breakeven.
 Further restructuring opportunities: Four of Monitise’s six business units have been successfully restructured over the past eighteen months. The other units, Big Radical (formerly Create) and the North American business, have both seen new management teams appointed. With these units generating 29% of total turnover (H1 17A), there is further scope for group financials to benefit from restructuring.
 FINkit commercialisation on track: FINkit is Monitise’s cloud-based development platform and toolkit designed specifically for banks and financial services clients. Initial sales are under “active discussion”. The EU’s Payment Services Directive (PSD2) and CMA’s Open Banking Initiative are stimulating regulatory-driven interest in the FINkit platform.
We leave key forecasts unchanged following the results. Nevertheless, we see a number of encouraging signs for the business. The ongoing restructuring programme is bearing fruit, with the business now on a more stable financial footing. FINkit remains the key opportunity and challenge for the group, with sales experiencing longer lead-times than we originally anticipated. The robust H1 performance has essentially bought Monitise more time to achieve FINkit sales.

[banglemoose] 23/2/2017 15:39

I think the banks are playing them to assess what threats fintechs bring.

[redips2] 23/2/2017 15:36

They probably secretly know that MONI is a lost cause hence no sign-ups .

[celeritas] 23/2/2017 15:28

Still waiting for the Jam.
A FinKit deal is desperately needed, I wonder if the banks are playing hardball knowing Moni get more desperate as the cash dwindles.

[mikethebike4] 23/2/2017 15:06

lot of buying and the share price goes down ?
mtb4

[dr darkstar] 23/2/2017 14:00

Peanuts volume and no market reaction to speak of; going nowhere ( or at last not up) until the lack lustre management actually make a sale

[j777j] 23/2/2017 12:44

The myvouchercodes business alone could be worth north of £50 million.

Not a bad little earner.

I see the shares multiplying by year end.

[wageslave] 23/2/2017 12:39

Let's hope you are right. Come to think of it, would be really good if you could actually see a demo of how Fintec actually works. Would make this investment a lot more transparent. Anyone got a link to a demo/video?

[gustafssonj] 23/2/2017 12:17

Patience is often a virtue. It sounds like a contract deal is imminent.

[wageslave] 23/2/2017 11:41

Great it did not collapse - as it usually does. But not out of woods yet.

[mr_blonde] 23/2/2017 11:35

Reading between the lines it sounds like they are on the brink of making a deal with at least one bank.

This will rocket once that happens.

[redips2] 23/2/2017 11:31

Remember that emperor and those cloths!

[investment dave] 23/2/2017 11:24

Nsk we know that though? When a contract is announced it will be separate to the trading updates and could hit anytime. Expecting this to go straight to 10p when the first contract is signed.

[mikethebike4] 23/2/2017 10:47

J7
I am not a sharemoaner just a very disappointed shareholder who will only hang onto his shares because he has very little (relatively) to lose by doing so.

I was hoping that these results would portray a company with a good saleable product (Finkit) which was going to (in the medium term) get it out of the poor position it is in.

With no Finkit contract sales it appears that we are going to have to rely on Voucher sales !
MTB4

[prokartace] 23/2/2017 10:47

Thats the quietist reaction to a set of results I have ever seen with this company!

[dodge city] 23/2/2017 10:19

I can't see banks buying off some mickey mouse company that could go bust anytime soon, even if the product is good.

[j777j] 23/2/2017 10:11

First it was the remoaners now we have sharemoaners.Yawn.