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Member Info for mrJimV

Premium Member

Member Since: Sat, 8th Aug 2009

Number of Share Chat Posts (all time): 8,651
Number of Share Chat Posts (last 30 days): 171

Last Posted: Today 18:48

Post Distribution over the last 30 days

Today 18:48

Edinburgh-based Bowleven's cash gives it clout to live with low oil prices

THE chief executive of Bowleven, Kevin Hart, has said the company has been offered a range of acquisition opportunities since completing a $250m (£168m) stake sale in Africa but will focus on its existing assets for now.

Today 17:56

Monitise has moved quickly to end the Strategic Review announced in January, the management deciding to continue as an independent company. Despite receiving several expressions of interest, the Board considered that none of them fully valued the long term potential of Monitise’s unique position and such a move would be disruptive.

The Review appears to have sharpened the focus of the management team and prompted some clear thinking and decision making. Cost cutting, including shifting professional services resources to IBM and the greater use of Istanbul as a R&D hub will continue, with sharper focus on core product development. The management team is also taking a hard look at non-core businesses and geographical expansion plans. Visionary founder Alastair Lukies is stepping down from the Board to work as a Strategic Adviser and letting his ex-VISA and delivery-focused joint-CEO Elizabeth Buse take sole charge.

In April, Monitise launches Bank and Pay capabilities on the new Monitise Central Platform which will be important in terms of scalability and functionality. The peak of development spending is now past (with higher than expected costs in meeting Telefonica’s requirements). Management have re-affirmed their target of EBITDA profitability in FY2016, repeating that they have sufficient cash to see them through to breakeven. The medium term goal of 200m users and £2.50 ARPU is also in view, but as discussed in our Monitise Strategy Update, the timing of this relies on its partners (principally Telefonica and Santander) launching services into new regions and tranches of their customer base.

Markets and management have been distracted by the Strategic Review and its early end is welcome. It will have been a useful exercise if Monitise emerges as a more tightly run operation that has pinpoint focus on achieving its goals and delivering shareholder value.
Today 10:20

boyasaka , well done for making a few quid but becareful it doesnt go up first thing Monday morning then the big sell off as you say you have already had a rise of 25%, the wise ones are not to greedy and take profit also they spread the risk on other investments , BLVN will give a suprise soon enough ,
Sat 19:45

This is a month old but what with sharehead`s post on the ceo is woth reading this article.


The shares of ambitious mobile money firm Monitise have fallen heavily from a high of 80p just over a year ago. Even after an 11% jump on half-year results yesterday, the price is still only 25p.

The Board said last month that it believes the company has "an exciting future as an independent business", but that it is also willing to listen to takeover offers, "in light of recent share-price weakness, shareholder feedback and industry developments".

Monitise is loss-making -- £57m in the first half -- but has gross cash of £129m, and management is targeting EBITDA profitability (earnings before interest, tax, depreciation and amortisation) in 2016.

If Monitise has recently piqued your interest, and you think it all sounds good, be aware that the company has repeatedly pushed back the date it will become profitable (and switched its target from cash-flow positive to easier-to-achieve EBITDA positive in the process). The original target for cash flow break-even was 2011.

For potentially high-growth companies in new industries, investors rely on management's ability to realistically appraise the business's prospects and set targets accordingly. If you're looking to invest in Monitise today, don't neglect to factor management's track record into your risk-reward assessment.
Sat 16:47

worth keeping an eye on Reuters , 17 new ii`s with 34 have increased their holdings .

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