Monitise Share Discussion Threads

[dr darkstar] 25/7/2017 12:25

.. the tough task ahead .. too true as they have proven they have no business acumen whatsoever and don't deserve to be employed either at MONI or anywhere else

[speedsgh] 25/7/2017 12:01

Fiserv’s takeover of British fintech pioneer Monitise is on shaky ground after an extraordinary general meeting was postponed to buy the US software company more time to convince shareholders to accept its £70m offer.

The meeting was due to take place on Tuesday but has been put on ice “in light of the feedback” from certain Monitise shareholders. That sets the clock ticking on the takeover with August 24 the final date for the meeting to take place and shareholders needing two weeks notice. Effectively Fiserv has two weeks to reconvene the meeting and to decide whether to stick with existing offer, raise the bid or walk away.

Paul Mumford at Cavendish Asset Management, which owns 112m shares in Monitise, had led the charge against the 2.9p offer after deriding it as “too low” given the stock peaked at 80p. No other offers have emerged for the former tech darling but there has been little sign that agitated retail investors are willing to accept the bid. The American company has given itself two weeks to corral more support from Monitise shareholders but has not yet chosen to sweeten its offer.

Monitise management has continued to recommend the deal having warned of the tough task it faces should Fiserv walk away. The London company has failed to drum up any sales of its FinKit software and could face a fire sale of its assets should the Fiserv bid fail.

Monitise were flat at 2.8p. It declined to comment and Fiserv was not immediately available for comment.

[exbroker] 25/7/2017 11:28

Or it could be MVN buying, they are very aggressive and have little if any price discipline so tends to push prices up. I hope we get a bump or counter as I have a lot of these.

[j777j] 25/7/2017 11:13

Revised offer or third party bid odds increasing.

[mikethebike4] 25/7/2017 11:02

they can't keep the share price down
somethings up !
yes, Eb
mtb4

[k3vmc] 24/7/2017 19:37

Exbroker = PersonalEnsign

The gems a bogie!

[mikethebike4] 24/7/2017 17:04

up nearly 2% at this stage - bodes well !
mtb4

[j777j] 24/7/2017 15:23

Current bid is woefully inadequate.A stitch up by a discredited bod that have no legitimacy.

[mikethebike4] 24/7/2017 15:11

do I detect buyers coming in scenting another bid(s) ?
mtb4

[j777j] 24/7/2017 14:58

Then there are the 100's of millions worth of tax losses carried forward.Get real and.pay a.proper value

[j777j] 24/7/2017 14:42

myvouchercodes worth £70million on its ownTell your paymasters where to shove their pitiful offer.

[j777j] 24/7/2017 14:30

Your yankee paymaster have failed in thir bid.FAILED

[exbroker] 24/7/2017 14:10

J777J you would do well to listen to the words of the clown, I have been involved in more takeovers than you ever will. I doubt you own any shares in Monitise and have just taken the opportunity to cut and paste from the RNS. Try adding some value with thought out comments that show an understanding of the situation rather than random one liners that you have no way of justifying.
In short grow up.

[j777j] 24/7/2017 13:01

FtFiserv's takeover of British fintech pioneer Monitise is on shaky ground after an extraordinary general meeting was postponed to buy the US software company more time to convince shareholders to accept its £70m offer. The meeting was due to take place on Tuesday but has been put on ice "in light of the feedback" from certain Monitise shareholders. That sets the clock ticking on the takeover with August 24 the final date for the meeting to take place and shareholders needing two weeks notice. Effectively Fiserv has two weeks to reconvene the meeting and to decide whether to stick with existing offer, raise the bid or walk away. Paul Mumford at Cavendish Asset Management, which owns 112m shares in Monitise, had led the charge against the 2.9p offer after deriding it as "too low" given the stock peaked at 80p. No other offers have emerged for the former tech darling but there has been little sign that agitated retail investors are willing to accept the bid. The American company has given itself two weeks to corral more support from Monitise shareholders but has not yet chosen to sweeten its offer.

[j777j] 24/7/2017 12:23

Could easily be IBM or Mastercard saying no way jose!!!!!!!!

[mikethebike4] 24/7/2017 12:20

Eb
"In light of feedback received from certain Monitise Shareholders, Fiserv requested that the Board of Monitise seek the permission of the Court to postpone the Court Meeting to allow for further discussions with these shareholders."

yes !!!!

Mtb4

[neilyb675] 24/7/2017 12:11

Revised offer coming imvhpo ✔

[j777j] 24/7/2017 12:07

They clearly dont have enough votes.that means pay more.