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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Monitise | LSE:MONI | London | Ordinary Share | GB00B1YMRB82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.09 | 3.08 | 3.09 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
LONDON-- U.K. mobile payments technology company Monitise PLC (MONI.LN) Thursday announced a strategic review as it issued the latest in a string of revenue warnings.
The company, which is part owned by the payment card company Visa Inc. (V), said it now expects of 90 million pounds ($136.2 million) to GBP100 million for the current financial year, down from its previous prediction of 25% growth from revenue of GBP95.1 million for the year ended June 30, 2014.
"The board believes that the Company has an exciting future as an independent business, however it recognises that there may be other businesses which could leverage Monitise's capabilities for digital commerce enablement to significantly accelerate the growth of the business and take maximum advantage of the growth opportunities in the market Thursday," the company said.
"The Strategic Review is expected to be all encompassing and will include consideration of corporate transactions and stock market listing options," it added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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