Monitise Share Discussion Threads

[redips2] 13/6/2017 12:56

.... probably the only worthwhile offer that they will ever get in a million years.... think yourselves lucky, take the loot and move on .

[celeritas] 13/6/2017 12:56

Anyone think IBM might counter with a little more or is the writing on the wall.

[lefrene] 13/6/2017 12:50

What has been offered to LC by Fiserve? As you point out Celeritas, one or the other of those LC statements has to be a lie.

I should think the tax losses form part of the assets of the business, and if bought with borrowed money using Moni cash in Bank as a lever, then Fiserve get Moni without paying out a penny from their own resources.

[celeritas] 13/6/2017 12:39

Recognising the growth challenges we continue to face, we believe that Fiserv's all-cash offer provides shareholders with certainty of value at a level in excess of the risk adjusted prospects of the Monitise Group on a standalone basis,” said Lee Cameron, Monitise’s chief executive.

[celeritas] 13/6/2017 12:38

Hmmm, I don't think the word soars suits.

Notice the statement from Cameron, looks like he cant make it work.

[celeritas] 13/6/2017 12:34

Fiserv will also be buying years of tax losses to offset profits, I wonder if they can utillise them.

[lefrene] 13/6/2017 12:22

Fiserve is what Moni pretended to be in the making, but thanks to spectacular business ineptitude, AL was too incompetent to deliver. Hence Ms Buse parachuted in, who no doubt once appraised of the full breadth and depth of the incompetence and onerous contracts, decided to leg it. I suppose the lesson is only to invest in US companies where regulations are much tighter, and nasty penalties await rogue directors. Fiserve will get many years of expertise/patents and a business on the brink of profits, and will probably be able to lever Moni cash in hand to pay for it! A proven tech effectively for free. One can only hope that some other big hitter might run the slide rule over Moni, and decide it's worth a bit more than the Fiserve offer.

What doesn't make sense is that LC has struggled with this to see out the onerous contracts and to deliver FINkit and improve the content business. Why throw the towel in now when it seems that Moni is close to being in profit?

[neilyb675] 13/6/2017 12:17

Poor offer. 5p should be minimum offer imvhpo ✔

[tb20] 13/6/2017 12:05

AL took us all for a ride while he made his millions. Would love to see him in a pub one Friday night to discuss my losses!

[ringer12] 13/6/2017 11:36

Just a few random musings on my love in experience with MOni.

£70,000,000 for a company that was once worth over £1,000.000.000 and never made a profit in eleven years or more!

Self styled World leader in mobile payments etc!

What happened to all the collaboration with IBM,Visa,Mastercard,Santander etc.that
never seemed to get mentioned in their reports,anyone of these could have bought the company with their petty cash bit obviously didn't think it was worth even that.

Now taken over by a company that hardly anyone has ever heard of.

When they put themselves up for sale a while back there was supposed to be a lot interested parties but no acceptable offers,no wonder!

In retrospect is it any wonder Mrs Buse left for personal reasons!

I must admit that even I was taken in with the hype of great thing in the future
and speculated on on a few hundred shares at around 3P only to find that an uplift
of 23% in the share price still leaves me at a loss!

Ah well ,as they say you win some and you lose some and dyor springs to mind!

I wonder if Lukies is lurking somewhere in the background laughing his head off.

[redips2] 13/6/2017 11:34

.... if anyone has the slightest interest .

[mikethebike4] 13/6/2017 11:32

well I am voting no
mtb4

[j777j] 13/6/2017 11:12

Probably because like the rest of Aim, most of these co's are run by seedy greedy crooks.

[phillis] 13/6/2017 10:43

rp
there are many successful AIM companies

Next time try investing in a business that makes profit and has a sensible market position and business model

[isaready] 13/6/2017 10:02

with all the complaining, what are you moaning for?

The company was yesterdays opportunity.
Visa was involved, but then, as we can see now services came out.

Moni probably through they'd become all out payment service in the shops, like a PSP provider. The thing is, they stopped thinking about the market they were in and forgot to watch the changes happening beneath them. PSPs are not like they once were and Mastercard, Visa buying them up suggested the threat from the likes of paypal etc was coming.

Money became a BIG horse unable to change quickly. The end result is, they will become no doubt and integral part of the banking network/service for someone.

Contracts will come in, sure, but the opportunity was gone, 14p, 30p was never going to happen again. They simply did not gain any more traction.

[nsk1] 13/6/2017 09:57

This stinks, no doubt if the sale goes through then the contracts will start rolling in.

[marmar80] 13/6/2017 09:55

How do you know it is Santander?

[dr darkstar] 13/6/2017 09:50

Thanks JJ .. that's only one third of the holdings though ...

[j777j] 13/6/2017 09:49

Santander are on a buying spree right now.

Currently own 4.6% bought much higher.

Maybe a candidate for a counter bid.

[wattene] 13/6/2017 09:48

Well it is definitely a NO vote from me. What do you make of the 70m shares traded today?

edit: duplicated volume

[lefrene] 13/6/2017 09:48

I can only wonder what the managers have been offered to push this through? Will the up coming figures be cooked to encourage the others?