What do these all have in common. Interesting looking at the long term chart on the above they are nearly all identical. All appear to have been the victim of some sort of short attack in different ways. It appears to me that any AIM share that has a sharp rise is open to attack. Someone is making a lot of money out of these situations. Sharecarpets always jump on the bandwagon when it comes to making noises when shares are on the slide. Moral of these stories appears to be that if you are in any AIM share that has a meteoric rise then you should not hold them for too long.
U.K. mobile network operator (MNO) O2 has decided to shutter its year and a half old mobile wallet venture the O2 Wallet. The app had initially launched as the MNO’s answer to the Google Wallet and similar offerings from domestic competition such as Barclays. According to Marketing Week, O2 said that closing down the O2 Wallet was due to “a number of developments in the financial services sector and also within [parent company] Telefónica.” O2 is also looking to focus more of its attention on Weve, the joint venture between itself, Vodafone and EE that focuses on mobile advertising, payments and mobile loyalty programs. At the moment Weve is developing a mobile loyalty app that is aimed at giving users single access to all of their various loyalty programs. Also in the past 18 months, Telefónica has forged a mobile payments partnership with Monitise on a global scale. Because of this Monitise has taken the lead in developing mobile payments for the operator. Yankee Group Analyst Jordan McKee comments “O2’s exit from the mobile wallet space is analogous to VeriFone’s exit from the micro-merchant mobile point-of-sale (mPoS) arena. Both organizations pointed to inherent problems with the respective markets they were playing in, but by no means made plans to cut their ties with mobile payments entirely. As VeriFone has done with mPoS, we expect O2 to revise its current strategy and focus on more lucrative opportunities. O2’s involvement with Weve will undoubtedly be an integral component of its m-payments strategy moving forward. We anticipate Telefónica’s involvement with Monitise to also have profound implications for the next iteration of O2’s offering. What is certain is that O2 is not bowing out, but instead casting its sail in a different direction.” http://maps.yankeegroup.com/ygapp/content/173dadfc5d274dba9f6fcdf1948c4b28/51/DAILYINSIGHT/0
Consistent with what the company calls its normal investment practices, Visa is exploring options that will allow it to sell its stake in UK-based mobile banking technology provider Monitise. According to Mobile Payments Today, Visa initially took a 14.4% percent stake in Monitise in 2009, but over time that figure as dropped to its current mark of 5.5%. Visa traditionally offers up initial investments in companies to get them off the ground and over time reduces both its influence and financial stake. “Consistent with Visa’s increased investment in our in-house capabilities, and the substantial growth in Monitise, Visa is considering its options with regard to its Monitise stake,” Visa Executive Vice President of Corporate Strategy Bill Sheedy said in a statement. Under their current agreement, however, Monitise will continue to provide Visa with mobile development services through 2016. 451 Research Senior Analyst Jordan McKee comments “Visa’s interest in selling its Monitise stake should be viewed in the context of Visa’s investment strategy and less so in the context of Monitise’s performance and future outlook. Monitise has a solid leadership team, including ex-Visa exec Elizabeth Buse serving as Co-CEO, and a 350-plus strong roster of financial institution clients. The vendor continues to see promising growth, with upwards of 30 million end-users and processing $88bn in transactions in the last fiscal year. Moreover, the outlook for mobile banking services is promising. 451 Research’s 2014 US Consumer Survey, June, shows that 45% of mobile device owners have used m-banking in the past three months, with an additional 44% interested in doing so.” http://maps.yankeegroup.com/ygapp/content/1a03862a67fa42a0917ec2874e62b69f/51/DAILYINSIGHT/0
Visa completed their MONI work
There are more questions than answers on Visa. Why didn't they sell their shares on the open market, then tell the world? They lost 20% of the stake. Then what about Visa Europe. Did Visa US bother to notify Visa Europe? We knew Visa wasn't going to buy MONI as soon as the Master Card stake was announced. Did Visa get angry that IBM won the cloud deal? Did Visa's appointed Director on the MONI board retire or quit over the IBM deal? Did the co-CEO leave Visa because of the potential of MONI or did Visa say they are exiting MONI and you no longer have a job? Or maybe it's exactly what VISA said. The cost of ramping Apple is taking all our people resources and costing way too much. The work at MONI has completed, thanks but we are out of here.
Riddler I have not been in Moni for a long time, bought back in the recent drop so all is good, thanks for your concern. Looking at your posting history you have a habit of appearing like a bad smell when a companies share price drops, you never offer any meaningful insight. Back to your APC sheep for you my shepherd friend, they need you more than the Moni board does.
fact he earns what he does ( bonus.salary.options) should be of more concern to you than me ;-) Cameron has acted very dubiously
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