Summer? No, you've got me there. Hang on, wasn't that something we used to get in the 70's?
FTSE 250: mid June
I expect we'll know by mid June if MONI is joining the FTSE 250. Surely such a move would boost the SP. Best to sit and wait until the summer (if we get one).
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.
RE: Will Moni ever pop?
What is your definition of ' popping ' ......50 p / 75p ....? ALL AIM stocks are speculative and are subject to massive ' non transparent workings by Shorters . Market Makers etc .So best bets are quality of management and as you say proof of increasing sales . On that basis I believe MONI is a better prospect than most stocks but could be 2 years before real value realised .
Will Moni ever pop?
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 Stock Market over reacts.
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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