Monitise Share Discussion Threads

[orm5] 24/4/2017 14:13

Perhaps Dialectic finishing off. Would be good to know they have cleared and who bought

[lefrene] 24/4/2017 14:10

10 million is a sizeable trade, someone made their mind up.

[k3vmc] 23/4/2017 21:17

Stud

"On another site the compliance issue that KV3 places much store by needs to be contracted by September at the latest"

Er, what makes you think that?

[orm5] 23/4/2017 19:00

You will need to click on download, it's then the 5th page in

[investment dave] 23/4/2017 18:02

Are you sure can't see any interview on that link? TIA?

[orm5] 23/4/2017 16:07

Interview wit Monitise CEOhttp://rcnt.eu/q36inhxxp://rcnt.eu/q36in

[stud-muffin] 23/4/2017 10:25

I posted something similar a while back.

This year is crucial for MONI finkit - what depresses me somewhat is the fact that no one even wants to buy the business - even with £300m plus of tax losses.

I assume the high mcap competitors must have an insight into what Moni have of value and it would appear they neither want or need it. On another site the compliance issue that KV3 places much store by needs to be contracted by September at the latest - so for me we need to see contracts in place very soon or I fear Moni (us) have wasted a lot of money on nothing of worth.

Troubling indeed.

[stud-muffin] 23/4/2017 10:17

basicly

LOL.

[mikethebike4] 22/4/2017 11:46

I think all in all us PIs will be very lucky indeed if at the end of the day we get anything back like what we paid originally
It beggars belief that all these employees are beavering away producing a finkit 'tool' which although needed, appears not to be wanted - by anyone - they will be forced to cut their losses at some point and rely on the voucher side
Moni is rapidly missing the boat I am afraid
I don't think I am being overly negative - just realistic about my holding - basicly I have mentally written it off
mtb4

[azaman] 22/4/2017 06:18

I agree with investment Dave; Fund managers' prime responsibility is to do with the growth of the portfolio. If there is a stock in the portfolio that is going to affect the average growth rate of their portfolio in near term, they will definitely sell that stock.

[investment dave] 21/4/2017 19:32

Funds have to get rid of risky stocks and no doubt this is risky however potential upside is massive once they all start piling back in

[ringer12] 21/4/2017 19:24

According to Moni's own website there is now only one major Shareholder i.e. Santander at 4.7%. There used to be several major shareholders above this figure.

Most of the shares now appear to be owned by a motley collection of obscure funds and institutions all no doubt waiting for the big breakout but will it ever happen?

[dr darkstar] 21/4/2017 12:43

All they have to report is the transaction that led to them crossing the 3% threshold. It was quite tiny (16M) but they could of course have continued selling for the last month and would have no obligation to inform the market

[redips2] 21/4/2017 12:22

All the more for the mug PI's to buy millions more in some misguided hope......

[ringer12] 21/4/2017 11:24

So they still have anything from 0 to 2.99%!

Diaelectric Shareholding was 5.4% on 5/1/2017 so must have sold at least 50%.

Question. How many of Moni's Major shareholders have completely sold out of this outfit in the last three years?

[dr darkstar] 21/4/2017 09:57

And the transaction was about a month ago

[k3vmc] 20/4/2017 21:19

Itcm1, never invest in any company that you don't understand. Basic rule of thumb. I have done it myself in the past and I has never turned out well.

[ltcm1] 20/4/2017 20:34

It does seem a little ironic to me a company called Monitise have an accumulated loss of £651 million on their balance sheet as at 30 June 2016. Wouldn't it be a help if they opted for a name change??? Did someone jinx the whole thing with the name???

Is the Monitise model a reverse engineered business plan??? In the old days people would give you an order, you would make something for them and they would pay you for it. So with the Monitise way you make a banking machine first and then visit customers asking if they would kindly pay for it???

I can't help wondering if Monitise is a bunch of very bright young people who are great at coding but don't have too much business sense. The best business they have was invented by a chef as a side project and seems to be the only one where people pay you in a traditional manner.

The thing is however good this FINkit is what banking CEO is going to take an axe to his IT floor??? "Yeah he outsourced and the whole system collapsed in two weeks. Very sad business, almost as bad as that crystal methodist fellow at the Co op".

I can't say the website reassures. On the front page a guy is sat there like he's just done his crunch. On another page is a computer bod stood with hundreds of post it notes on a wall. SEVEN people are just stood doing nothing looking at this geezer. Just look at the body language.It looks mad!

hxxps://www.monitise.com/uk/process

They are either brilliant or quite mad in the way BLUR were, BLUR are down to a £6m market cap now. I am not saying Monitise are like that but is a company as young and small as this really going to get big deals with banks???

FINkit might be fantastic but banks are very conservative by nature so it does look a very hard sell even for IBM itself.

[luxaeterna1] 20/4/2017 13:32

Fintech APIs make great sense if you think about it. Take the USA for example, 7000 (!) banks, mostly with bespoke in-house software to do simple tasks.

Imagine the costs of maintaining several hundred bespoke software packages on multiple global servers in a legacy muddled architecture created by the takeover of 20 smaller banks - then imagine replacing that software with a few lines of code calling up a cloud API to transfer international FX currencies within a mobile app at 10p per click.

What sounds simpler and cheaper to you?

Banking costs: 30% software/IT, 30-40% branch real estate cost.

[k3vmc] 18/4/2017 19:36

Dave, it will get even more boring for you then.

They will give NOTHING away, unless legally required to. I have broached this subject many times. I think it is a mistake, but it makes management's life easier, which is obviously more important to them.

I am going nowhere, just because I am bored with them.

[anotherardbeg] 18/4/2017 09:10

Agree with lefrene in that I suspect the IT managers have scared the bosses who don't understand anyway that outsourcing is too risky. Can anyone explain in simple terms or provide a link the banks legal obligations on fintech going forward. Tia.Maybe once the bosses figure they can get rid of thousands of highly paid IT peeps the penny will drop.