Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Mobile money technology platforms and services company Monitise (MONI) has announced results for its year ended 30th June 2014 and a “confident outlook”. Is this though still discounted in a share price which has fallen from 80p earlier this year to a current 43.5p?
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Comments
Bobby Chariot
Hi Steve
Been in an out of MONI a few times for small sums, I do like the firm and the space it operates in however fully agree with your assessment and would look to sell/short MONI until the company can prove its profitability. There are rumours that someone ala VISA or IBM could just buy Monitise out but they are just rumours.
Also unnerving is the fact that the company keeps talking about going for a main listing, they have been on about it for a while but nothing concrete has been agreed. With the shorters still not closing out their positions it would be best IMO to wait until the company can deliver on its plan before going long again.