Good find. I only just found it this morning myself. A top up on Tuesday met thinks. Explains the volumes 2 weeks ago.
Moni $250 million cash + zero debt
Guys you may have overlooked this ARTICLE but this is very very important I might be 69 but not completely stupid Monitise has zero DEB T or am i reading this incorrectly if we have $250 million cash + zero debt then WOW A WEE WA what a position to be in hello anyone out there are you hearing me cash in the bank and zero DEBT!!!!!! Posted at 7:13 a.m. EST on Monday, April 14, 2014 Monitise's MONI.L/ (MONIF) shares continues to weaken in London trading this morning. I have spoken to a large and knowledgeable holder who had a constructive conversation with Monitise's CEO on Saturday. I have learned that a meaningful shareholder of Monitise (owned through a private equity fund), who had previously sold his business to Monitise (for stock), might have been the seller over the past week. It is important to recognize that the company now has approximately $250 million in cash assets and zero debt. The cash hoard is $125 million more than Monitise needs to execute its new strategy of moving from about 30 million subscribers to 200 million subscribers in the next three to four years. Whether or not Monitise can successfully execute the strategy will determine the success of Monitise as an investment. The successful implementation of that strategy will be a huge business and stock market winner. My belief is that the company will succeed, and our job as an analyst is to monitor its progress in the time ahead. Hopefully, the recent weakness is a gift to new investors -- at least that is the way I am playing the drop in Monitise's shares. Bottom line: When I review the company's earnings prospects, business strategy and addressable market opportunities, I continue to view Monitise as a potential 3x-5x play over the next two to four years (with limited downside exposure). At the time of publication, Kass was long MONI.L and MONIF.
Have a good for Easter everyone
We open again at 8am Tuesday - have a good Easter
Lower Lows/Higher Highs
Great close on good volume in UK. Moni just sitting on it's yesterdays high in US at $1.03, low of $1.01. Not a lot of volume. US markets closed Friday, is UK closed too?
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