Anyone know off the top of their heads whether MONI provide the platform for the RBS/NatWest mobile money app? I know they do the Co-op app, which works well and is due to roll out some increased functionality, but RBS/ NatWest are having problems again. A tech firm will only be allowed a couple of cock-ups before a bank dumps them, and RBS/NatWest must be getting pretty impatient with theirs by now. Is there an opoortunity or a rsik to MONI here? Any thoughts/views/intelligence appreciated.
Moni will never ''pop'' but VISA will be forced to buy it eventually so here is hoping to a 20% premium paid to the prevailing share price. 60p my target. I am a long term holder been here for 3 years +. There is competition around the corner in this space thats better connected to the banks. Monitise needs to up its game and get payment capabilities sorted with a beacon of light being the US market. Ali Lukies will sell its just a matter of when.
Moni is a pure speculative stock. The market cap reflects a view that it will build strong future revenues based on the use of mobile financial services they provide. Currently expenses exceed revenue. Yes contracts are coming in, but they are also spending considerable more to support their platform development.
Moni's share price will only 'pop' when the fundamentals of strong sales to new clients onto their platform (and the renewing of existing contracts). Mobile financial technology is a very competitive business. Revenues are not matching investment and the industry will constrict at some point. Monitise has an advantage as Visa has appeared to hitch part of the mobile strategy to it- and whose deep pockets can support expenses (as multiple investments have shown). Moni will not go down, but 'will it pop'? is the question.
The reasons for the general fall, QE in America and drop in production in China can have little correlation to the moni price which depends upon specific news of advance, contracts wins in new Markets and organic growth with current users, the growth in mobile phone usage and yes new market developments.
For example what is happening with the Bank of China HK development.
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