Monitise
How To Make Money on Losers, and the Monitise Bid
After the takeover bid was announced yesterday for Monitise (MONI) at 2.9p per share (valuing the business at £70m when it was once worth £1 billion, I thought I would look at my past holdings in this company. Surprisingly my total return over the years according to Sharescope was a positive 8.8% per annum compound in this company’s shares. That may annoy many past holders because it’s quite likely that many people lost their shirts on this stock.
Monitise developed on-line banking ...
Monitise and Scancell AGMs, and the Wonders of the Nominee System
Monitise (MONI) was one of those stocks for speculators in the past. One of those technology shooting stars that got to a ridiculous valuation under former CEO and founder Alastair Lukes. But despite numerous fund raisings it never managed to reach profitability. The business model chosen never turned out to be of value and the market needs also changed. So he has departed, a new management team is in place, and substantial restructurings have been implemented. The company has also revised ...
Monitise crashes to earth
Monitise made an announcement yesterday (22/1/2015) that prompted the share price to crash. It's 14p at the time of writing when it had been over 60p earlier in the year, and had been declining steadily over recent months. Questor in the Daily Telegraph said on the following morning that "A buyer may come out of the woodwork but we recommend taking what you can - Sell". One cannot be blunter than that.
The company announcement indicated that revenue growth will be flat ...
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Digital Marketing by Chillibyte.
Digital Marketing by Chillibyte.