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  • opportunist_2 opportunist_2 Apr 27, 2014 3:49 PM Flag

    This Is What Apple Will Build When It Finally Collects 1 Billion Credit Card Numbers

    "Put another way, if there was a standalone mobile e-commerce business already doing $4.6 billion in revenues per quarter and growing at 11% a year, people would be clamoring for an IPO. Its CEO would be hailed as a genius.

    Rather, Apple appears to be quietly building out an infrastructure to expand this business further, and it could put Apple at the front of e-commerce and mobile payments."
    Business Insider

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    • Monitise [MONI.UK] is a London company that provides a platform for payments on mobile devices. It trades in London and over the counter in the U.S. [MONIF]. I see this as at least a five-bagger. There is probably no larger business than the mobile-payments industry. This company has a market cap of about $1.2 billion, and could well be one of the most important disrupters in the mobile-payments industry. Visa [V] and Visa Europe own about 13% of it. Monitise just did a private offering in the U.K. at 68 pence [$1.14] a share. The stock is down a little to about 66 pence. MasterCard [[MA] has also taken a stake in it. Leon Cooperman, who runs the hedge-fund firm Omega Advisors, has increased his stake to 12% and is the largest shareholder. Monitise, which isn't making money, owing to heavy investment in future growth, has 28 million subscribers. It plans is to have 100 million by 2016, and 200 million by 2018, and it expects fees to go up.

      Interview with Doug Kass in this weeks Barron's

 
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