Monitise Share Discussion Threads

[strange1] 16/6/2017 12:09

This is only worth what somebody is willing to pay and that's why this has been hanging around the 2.5p mark for months. Its all very well saying its too cheap but valuing a co that is cash negative is always going to be a challenge and It might appear low because it is still sucking cash operationally, is still subject to earn out and onerous agreements and the reality is this might take years to get to the scale where it is generating. Nobody seems to understand the revenue model or the market opportunity so my guess is its probably a bit of a shambles.It's horribly ironic that Monitise's failure was it's inability to monetise!

[tb20] 16/6/2017 10:06

The board have made millions out of their lies whilst PIs have lost .only for them to sell out to the Americans .No doubt the board have got a very good deal .... for themselves . This is all what is wrong with the AIMs market . All they have done is legal....just

[stocky] 16/6/2017 09:38

Tb20, I just bought a small stake based on the potential of Finkit. Whilst on the road, I have been doing a little research and saw an article:-https://www.currencycloud.com/press-release/currencycloud-monitise-finkit-partnership-qa/It seems like some big players are buying into/supporting Finkit. I'm 25% up but I can imagine that there are many long term holders that have been effectively robbed. And what part has the board played in this robbery?

[mikethebike4] 16/6/2017 09:19

At least CAM have seen what a rip-off this 'deal' is !
How about you iD sending a note of support based on your stake
mtb4

[tb20] 16/6/2017 09:10

Stocky ... good idea ....pity it wasn't done 2years ago

[stocky] 16/6/2017 09:00

Seems low to me too! If the offer is rejected, maybe the next step is to arrange an extra-ordinary AGM to oust the board?

[dr darkstar] 15/6/2017 23:44

And the offer values it, that is Finkit, negative!!!! Just how much did it cost to develop??

[dk37] 15/6/2017 23:30

From The Daily Mail Online

Fallen digital star Monitise in takeover dispute

The biggest shareholder at fallen tech star Monitise has hit out at a planned £70 million takeover by US business Fiserv
The biggest shareholder at fallen tech star Monitise has hit out at a planned £70 million takeover by US business Fiserv
The biggest shareholder at fallen tech star Monitise has hit out at a planned £70 million takeover by US business Fiserv.

Cavendish Asset Management owns 4.8 per cent of the company – and fund manager Paul Mumford has warned that the suitor’s offer was too low.

If he can rally enough support it could throw the takeover into doubt.

Monitise pioneered payments using a mobile phone, and was worth £2 billion back in 2014.

But the stock dived after Google and Apple swooped into the market and the share price has crashed 96 per cent.

Bosses at the firm have backed the offer of 2.9p per share from finance tech firm Fiserv, a Wisconsin-based company.

But Mumford said Monitise’s long decline masked a successful business worth much more than £70 million, saying: ‘Its Finkit offering [a new IT platform it has developed] is solid and has real potential.’

[investment dave] 15/6/2017 18:57

Impressive Stephen!! So you have now sold some fair play and good luck

[dr darkstar] 15/6/2017 18:15

K3 .. I trust that info is from a good and trusted source?

[k3vmc] 15/6/2017 17:35

Cavendish Asset Management has given Canaccord a few days to pillage the PIs, but now says it will vote against the deal. Could have said that 20 mins after the deal was announced, but better late than never.

2.9p was NEVER going to be allowed. PIs may always get shafted, but IIs not if they can help it.

Next II to say no??????

[orm5] 15/6/2017 13:23

If the current acquisition completed than you would be cashed out @ 2.9p

[lefrene] 15/6/2017 13:22

You have to wonder what deal Cameron has been offered by Fiserve? Keeps his job on fat salary and fatter bonuses, gets to see his baby grow, forgets about the £100+ million blown away at the expense of others? That's my guess, with Fiserve money the potential clients will have confidence that the business won't stumble. Bit ironic that Fiserve essentially gets it all for free, what with the tax losses and Moni's remaining cash, and a content business that can be sold off for a few 10's of millions. I wonder how long Cameron will last as an employee of Finserve?

[alessxito] 15/6/2017 13:15

What if acquisition goes through can I keep my shares or they will cashed out?

[mikethebike4] 15/6/2017 12:32

id
Why did you sell 10m shares at below offer price ?
mtb4

[orm5] 15/6/2017 11:53

Volume is actually very low considering the number of shares in issue

[dr darkstar] 15/6/2017 11:39

No point at all in selling ....

[orm5] 15/6/2017 10:02

Will be hanging on too. Might as well as waited long enough. See ODDO have added another 1%. Guess they can make a minimum 3.5% return if buying around 2.8p and the sale goes through at 2.9p

[k3vmc] 15/6/2017 07:48

Yes, it is a rate of return trade, but Canaccord is busy trying to buy the vote. If they can't buy enough votes, fiserv may have to up the ante. I'm hanging on to see if I can get 3p plus.

[exbroker] 14/6/2017 19:33

ODDO are a big arb house so its just a rate of return trade.

[orm5] 14/6/2017 18:26

ODDO Meriten Asset Management have bought nearly 3.8% from 0% before announcement. Wonder if more will be buying hoping for speculation of another bidder

[stocky] 14/6/2017 16:09

Shocking! We didn't want the hugs from Europe, so we are now getting raped by the States?

[kemche] 14/6/2017 14:21

J777J - 08 Jul 2014 - 14:01:31 - 6480 of 21416 2014 onwards: Monitise-mobile banking technology - MONI
Probably gets taken over now.

70/80 p

[orm5] 14/6/2017 11:17

There was mention somewhere that moni had been working with Fiserve to sell / promote Finkit. Perhaps Fiserve has some customers lined up? If so they are getting moni and Finkit on the cheap

[celeritas] 14/6/2017 10:49

Might have just been a trust issue regarding Monitise. I guess Fiserv have a level of confidence in them for banks to sign up.
Tell me what job Lukies does now, is he not back on the farm yet.