Monitise Share Discussion Threads

[luxaeterna1] 14/6/2017 10:39

The finkit fintechs so far are European based, are they not? That may change over time.

The state of US banking is very different to the UK. There are 7000 various US banks split over geographies, whereas the top 6 UK banks probably have 90% market share. Many US banks don't have chip and pin nor contactless (changing slowly, granted).

Citibank are all aboard the API train, difficult to say what the others are planning. At this point I'm tempted to say in 20 years time we'll be using Google/iBank/Samsungbank with a legacy of the bigger banks who can afford decent technology and have a good branding. As money trends to digital, those with the best digital resources/security will move to the top, suggesting hardware/software manufacturers will dominate.

[lefrene] 14/6/2017 10:03

It's a very cheap deal for Fiserve, but then Fiserve actually knows how to run a business whereas Mr Lukies did not. Fiserve make very good margins on their business, which suggests that this is indeed a good market if you don't set out by paying your customers to use your product!! I agree luxaeterna, Moni is financially too weak for the Banks to want to do business with it. Another great British idea taken over by America, it would seem likely that the USA will get most of the new world of fintech digital money. Will UK consumer banks just become irrelevant?

[luxaeterna1] 14/6/2017 09:54

If true, the tragedy that the technology might be great, but customers won't buy the tech based on reputation and balance sheet (a big reputation concern for banks, whether companies will exist in 5 years time), but indications that banks will pay for it when rolled into a bigger IBM/Fiserv company. Clearly Fiserv wouldn't buy it unless they thought it would be worth at multiples of this price in the long term. A sad day for UK technology.

Next up: Dow buys Nanoco for 40p a share...lol.

[amt] 14/6/2017 04:49

Well what a terrible investment this has been. Hundreds of millions of shareholders money wasted. I recall this was regarded as one of the Britains great future tech companies at one time. They followed David Cameron on trade missions. The next ARM as a World leader. That leaves just Bango to possibly fill that role in the future. I cannot think of any others, IQE ?

[the truth hurts a lot] 13/6/2017 22:30

My friend Leeson was buying Moni at 75p and afr at 150p. I am sad for him.

[tb20] 13/6/2017 20:33

If anybody wanted to look at what is wrong with the AIMs market ...take a look at the history of Monitise .... pump dump and directors ripping off the shareholders

[garth] 13/6/2017 19:29

"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."

How many investors were still in this at these levels for "certainty of (cash) value"?

Surely the vast majority are only anywhere near this for the potentially very substantial (if unlikely) gains to be achieved if they finally make it through to traction.

If I had wanted lower risk/reward I would have put the punt money in supermarket shares!

Oh for directors with balls, a spine and integrity.

G.

[declan2] 13/6/2017 17:34

what a disgrace

[eipgam] 13/6/2017 17:03

Might be worth waiting a few days.... you won't get any less than now. Unless they withdraw the bid

[mikethebike4] 13/6/2017 17:01

Looking back IBM got all the expertise they wanted for nothing
mtb4

[strange1] 13/6/2017 16:45

Wake up everyone.........the reason they are recommending such a low offer and the reason this has such a low level of institutional investment is because the business is dying. There is no future to the business and it will slowly/ or quickly run out of cash. The reason there has been no investor news is that there is no news!Forget what this business could have become.....it simply didn't happen, so my advice is accept and move on and forget about investing in businesses which promise future cash flow. AIM isn't the problem........not researching the fundamentals and the management team is.I got sucked into this and hopefully have learnt from the experience!

[mikethebike4] 13/6/2017 16:05

Wonder if any other interested party is also picking up shares ?
mtb4

[mikethebike4] 13/6/2017 16:03

I wonder where the Court & General meetings will take place ?
mtb4

[mikethebike4] 13/6/2017 16:01

Fiserv picking up cheap shares ?
Let's hope they do not get anywhere near the 75% they need to push it through
mtb4

[celeritas] 13/6/2017 15:28

10% of stock gone through today, no doubt making sure of the outcome.

[bigman786] 13/6/2017 14:57

So for us PI's, that's good news as they may not get the 75% vote.

[mikethebike4] 13/6/2017 14:50

bm
according to J7's list only 34.54% are held by institutions
mtb4

[bigman786] 13/6/2017 14:41

Because if that's the case, nothing to stop another Co making a bid ?

[bigman786] 13/6/2017 14:26

Ami correct in saying this needs 75% approval from all shareholders, of which the majority of shares appear to be held by personal investors?

[investment dave] 13/6/2017 14:20

Average about 2.6p on just under 17m shares. This was an expected million profit trade for I am extremely disappointed however just have to move on. Life is to short and there are other opportunities

[nsk1] 13/6/2017 14:13

ID what's your average, mines £0.0295 so I'm in break even territory but very disappointed at this offer. 5-7p I would be a happy chap

[investment dave] 13/6/2017 13:33

Offloaded 11m today and keeping just under 6

[investment dave] 13/6/2017 13:32

Disappointed but still a pretty good profit. Expected much more.

[estienne] 13/6/2017 13:22

Any chance of a rival bid?

[celeritas] 13/6/2017 12:58

Agree lef, tax losses are worth much more, never mind cash in the bank. Either Cameron thinks its going no-where and hes wanting to save face or he's gone to the dark side with Fiserv