Monitise Share Discussion Threads

[richaims] 04/2/2010 10:40

addict - Out of interest, are you prepared to say what price you managed to buy at please. rich.

[richaims] 04/2/2010 10:39

mm - thank you. rich.

[monkeymonkey] 04/2/2010 09:53

now for a t20, t10 i would say from monday onwards

[richaims] 04/2/2010 09:22

When is most T20 buying in the run up to the 16/02/10 Interims likely to take place?

[addict] 04/2/2010 09:03

More buying this morning after yesterday's buys.Managed to top up this morning so up to full quota...for now!

[someuwin] 04/2/2010 08:52

PRESS RELEASE FOR IMMEDIATE USE

MONITISE SHORTLISTED FOR PRESTIGIOUS GLOBAL MOBILE MONEY AWARD

Monitise, the leader in global mobile banking and payments, has beaten off fierce competition to be short listed for the Best Mobile Money Service at the 2010 GSMA Global Mobile Awards.

The winners of the mobile industry's leading annual awards will be announced at a ceremony during the Mobile World Congress in Barcelona on 16th February 2010.

Well over 1.3 million bank customers in the UK and in the USA are already using Monitise's services to check their account balance, set up and receive text alerts, transfer money and pay bills on their mobile phones in seconds.

Alastair Lukies, chief executive officer of Monitise said: "We are delighted to be recognised for excellence and innovation in mobile banking and payments worldwide by the industry's leading awards body.

"Undoubtedly the mobile banking revolution is here and now and Monitise is taking the lead globally with its proven Mobile Money Manager platform. Managing money can only get easier for people."

Rob Conway, chief executive officer and member of the board of the GSMA, offered his congratulations to all nominees for the Global Mobile Awards 2010: "Competition for these awards is fierce, with more than 500 entries - including many of an exceptional standard - and a highly discerning independent judging panel to impress; to be shortlisted is quite an achievement."

Monitise is currently working with international partners, including over 200 financial institutions, to roll out its Mobile Money Manager platform in developed and emerging markets in the UK, USA, Asia Pacific, India and the Middle East and Africa.

The platform, which earned the award nomination, supplies all the functions needed to enable banks, mobile operators, payment companies and merchants to provide their customers with bank grade secure, mass market mobile financial management services.

Ends

[robson1974] 04/2/2010 08:32

As there are a lot of newbies around and with results imminent I thought I would reprise my post from October 23rd


Monitise plc

Presentation @ LSE Growing Companies Investor Seminar 22nd October 2009

1. VISA relationship - completion of the deal involved substantial due diligence with Lukies making 17 (seventeen) trips to Visa's HQ in San Francisco. The process also involved 44 separate workshops with various VISA departments (Security, Marketing, IT etc)

This in one fell swoop answered the many inevitable questions about validation of Monitise's position in the industry. It's fair to say VISA did the due diligence so we don't have to.

2. The Business model - how they get paid
The Banks pay Monitise on a per customer per month basis. Typical rates are 25-60p per customer per month. So on 1m customers and taking the middle of the range as an average you'd expect revenues of say £450,000 per month or £5.4m per annum.

Indeed the average annual broker forecast for revenue next year is @£7.7m and @ £15m the year after.

3. The Business opportunity
There are 4 billion 'unbanked' people in the world. That is people who do not have access to banking facilities (branches, atm's etc). Of those people 2/3rds (two-thirds) do have a mobile phone and thus magically with the right software and backend systems...

4. Worldwide platform - Build once, Use anywhere
The basic IT platform built for the UK/US is applicable all over the world because they all use the same underlying architecture for their banking systems. So there is limited extra development work to internationalise the system.

5. Potential VISA relationship benefits coming soon?
It looks like a major UK bank may be switching its credit card supplier from Mastercard to Visa. If they do they would send their 'millions' of customers out new cards with 'VISA' on rather than 'Mastercard'. As part of that switch those people who receive the cards will be 'invited' to acknowledge receipt of their new card by 'texting' the Bank to let them know. The Bank will then use that number to send the cardholder updates on their balance etc (wonder whose system they would use ;-) )

6. Competition
A lot of companies have developed 'front end' apps which they take to mobile phone manufacturers or operators or even to Banks but then the Banks or manufacturers have to take these front end apps and tie them into their back end systems. The real competitive advantage Monitise have is that they have built up from the more complex and capital intensive back end systems integration part of the system and sorted the Banks problems for them to the tune of having spent £60m so far.

7. Valuation (just a bit of fun)
Well assume they have 50m customers in 2015 (they have a graph in their presentation showing customer growth numbers which I have extrapolated) and then assume 40p per customer per month. That is £240m in revenue p.a. @ 60% gross margin implies gross profit of £144m with Operating Costs of £15-20m? And say 25% tax you'd be looking @ annual post-tax profits of £100m or EPS of about 24p a share. Put that on 20x and you'd have a share price prospectively of 480p

As I said just a bit of fun, would not take it too seriously. Although the share price only needs to double every year or so for that 480p target to be reached.

Here is the presentation :-

[monkeymonkey] 03/2/2010 19:00

was close to buying some today, but td would'nt let me, could'nt get a price so gave up,but still good buying so might be up tomorrow, lets wait and see

[cockerell] 03/2/2010 17:50

The last three trades are interesting.

Though I've officially given up trying to relate the trading volume and to the actual share price.

[danny111] 03/2/2010 16:19

Mobile Marketing Association forecasts surge in mobile bankingDate: February 03 2010 Mobile services
The Mobile Marketing Association (MMA) has predicted that the uptake of mobile banking services is set to grow over the coming year.

As part of its study into the mobile marketing behaviours and opinions of consumers in the US, the MMA's official research partner Luth found that 17 per cent of adults currently use the service.

And the organisation went on to predict that growing interest in the technology will see 22 per cent of adults take advantage of banking via the their handsets within the next 12 months.

Furthermore, it discovered that the most common form of this type of banking comes via mobile internet usage, with 11 per cent of respondents using this platform.

"Mobile banking is a major opportunity both today and over the long term," said the MMA's vice president of market intelligence Peter Johnson.

Analysts at CGAP forecast last year that mobile banking services in the developing world could be worth as much as $5 billion (£3.1 billion) by 2012.

How can mobile marketing target mobile banking users?

[monkeymonkey] 03/2/2010 15:31

what you,ll have your glasses on lol, no i think well before that, i take it its news where talking about, yes just read your post again news and plenty of it with a bit of luck roll on results day

[abbey8] 03/2/2010 15:21

MM, sorry i did not have my glasses on, but it will happen in the next 6 weeks.

[cockerell] 03/2/2010 15:03

very obliging of you kemor!

[monkeymonkey] 03/2/2010 14:51

abbey take your time now its not going to happen that quick, now i,am a bad speller but i think you just got a bit excited lol

[abbey8] 03/2/2010 14:46

MM all good here,i am sure some kind of news coming soon,so much happening.

[cockerell] 03/2/2010 14:22

all buys but no movement - ready to tick up or are we likely to see a delayed sale reported?

go on someone buy a couple of 100k and force it up - cheers

[danny111] 03/2/2010 14:09

Wow, some good debate and information, makes the BB worth reading again. Thanks all...

[addict] 03/2/2010 13:32

Tried to buy online-was offered only 11000 shares.

[richaims] 03/2/2010 13:24

Strong buying activity so far today.

[monkeymonkey] 03/2/2010 13:24

addict you could be right all buys at the moment

[addict] 03/2/2010 13:21

Tick up sooooon...

[monkeymonkey] 03/2/2010 13:18

yes had a good couple of days, no not bought back in yet but i still do hold, just going back to the last results we had a great run up in the share price, and the day of the results very little news came out to what we where all expecting, but this time i think it might be different a quite run up to results day then bingo, its just a feeling but i think we'll get a lot more news this time, but once again i could be wrong, but hope not

[richaims] 03/2/2010 13:07

mm

Are you feeling alright?

I assume you have bought back in!

richaims

[monkeymonkey] 03/2/2010 13:01

i would agree with you ric as they have been working together now for a while and are a major shareholder, it will all come together soon best of luck