It is just the beginning of the technological breakthrough. In my opinion, it is still a buy, but don't expect another double in the near future until there are revenues to support the hype. You will have to 'invest' and 'hold', more than likely. I could be wrong (of course), but i am not expecting another big run from here until there are numbers to support it.
For myself, i am looking to sell some in the near future. I bought back when this stock was in the 30's, so i'm currently up more than double, and it is near profit-taking time. I think there's still a bit of short-term appreciation possible here, but i've got a stop-loss order in.
Good luck and cheers!
Sell it then. You are probably in the wrong market. All the "news" comes out on London's AIM exchange, where the stock is primarily listed.
Agreed. I would expect bigger revenues, but also wider losses. They are spending $$ to build infrastructure, so that is to be expected.
You can't put links in posts in this forum. I've posted this info before, but the best place that i have found to get the latest company news is to go the Hareaves-Lansdown website, look up the ticker and click on 'Share News'.
Here is the top of the press release:
Monitise launches Chinese version of its cloud-based Mobile Money platform
Rollout with key regional partners comes as Monitise joins China trade trip with British Prime Minister
Shanghai, China - 3 December 2013 - Monitise plc (LSE: MONI) announces today that it has deployed and launched, with regulatory approval, its globally recognised Mobile Money platform with full access for Chinese speakers. The initial launch in Hong Kong is a key pillar of Monitise's plans to extend its services into mainland China.
'Easy TopUp' offers a simple, secure and convenient real-time mobile service to top up PCCW-HKT pre-paid SIM cards with payment taken direct from their bank account, as opposed to purchasing vouchers from convenience stores.
The green light to launch the service follows the granting of regulatory approval by the Hong Kong Monetary Authority and comes as Monitise joined more than 100 British companies accompanying Prime Minister David Cameron in China on a trade mission to secure new business opportunities.
"I am delighted that Monitise are joining me in the largest British business delegation to go to China this century," Prime Minister David Cameron said.
He added. "This Government's priority is to secure the economic recovery and we are determined to all we can to help British companies to succeed in the global race. I am firmly committed to playing my part which is why I have taken more than 130 business delegates to China, including Monitise. My aim is to open the door for them in this fast-growing market, creating opportunities for them to expand their business."
In my opinion, a reverse split is almost a forgone conclusion. In the long run, it will be good for investors if there are not 1.56 billion shares floating around. Of course, the stock will be impacted when that is announced, and if the stock is in a reasonable range at that point, it will present a good buying opportunity.
I think that you VASTLY overstate the power of an 'article'. There's people that think that opinions expressed on Yahoo Finance boards drive stock prices, but that would also be sadly mistaken.
Big institutional buying (or selling) moves stock prices significantly higher or lower. In the case of this company, the case appears to be pretty cut-and-dried. They are considering a split and an additional offering. Look at other stocks that have done that and look at what happened to the stock when that news became public. You'll find the patterns quite similar.
I also don't know why this is surprising to anyone. Emerging growth companies (by their very nature) need to raise $$ in order to expand. This is all just part of the normal growth curve of an emerging company. An "article" here or there has little or no consequence in that larger picture.
I would like to read this press release, can anybody help me out there? You can't post a link obviously, but maybe you can describe generically?
No. Just "no". Look at the 3-D sector. Down across the board. Some institution thought the 3-D sector was at a peak and sold some or all of their holdings. It's that simple.
I hadn't seen the proposed stock split, so thanks for that info.
I've been looking for an entry point in this stock and am thinking about dipping my toe in with the drop today. This is making me reconsider my timing just a bit.
FYI, a stock split does NOT raise funds on its own. There would have to be an offering of additional shares to raise the $$. A stock split is just an accounting move.
Exactly! GREAT to be signing all these deals, but how is the company monetizing them? THAT is the question. If you are doing all this work and not getting paid, then it's a deal-making problem. But given the nature of the business, they are likely trying to get their fingers in as many pies as they can right now.
I wouldn't be in this stock to make a 'quick buck', this is an 'investment'.
Always better to sell when a stock is going UP, not DOWN. But, best of luck in your future investments!
Five seconds spent watching Cramer is time better spent elsewhere...... IF you are looking for meaningful information.
He's an "entertainer".
Aanooch and pentomic-
You guys (or gals) need to RELAX a little. Stocks go up one day and down the next. There is no rhyme or reason to it often-times. There are BILLIONS of shares of this stock outstanding. The "reasons" could be anything from the debt crisis to some old fogey out there needing to sell his stake to buy his wife a nice house in the Bahamas. To try and read too much into a day's stock movement is a good first step to drive one's self insane! I mean this is in the nicest possible way, just "relax".
Obviously, the overall market is in flux right now until the repub-tards find a way to retreat from their insane hostage situation and not many stocks were up yesterday. If your brains need "a reason", then there's a good one - "macroeconomic uncertainty". Is this a satisfying answer? Markets go up and they go down, and trying to 'figure it out' is a FUTILE exercise. Put yourself at ease, please....
On a related note, i wish that i had seen that the stock was down so far yesterday, because i would have bought some more. Damn!
cheers and best o' luck!
It looks like it is time to go long on this baby and make some serious $$$ (again). (For the third time)
Accumulate all you can under $15 and you will make $$, just check the charts on this baby.
cheers and good luck!
I agree with you on the 'shocked at the moves this guy makes' but in the other direction. The first time i looked at the chart on this one, i thought there was something wrong with the chart. The price has gone from around $10 to over $100/share in less than a year with only two minor corrections! That is an ABSURDLY positive chart! Even if the fundamentals support it, i would be blown away if it didn't correct more in this area. Stocks just don't have a run like this one has had very often, and gee i wish i hadn't missed this one!
But, any sort of technical analysis screams "CORRECTION IS IN ORDER". I think this stock has benefited greatly from being under-the-radar and thinly-traded. Those conditions may not exist for too much longer.....
cheers and good luck!
Monitise enhances BBM Money service with new bill payments and cardless cash withdrawal features
Integrated BB Messenger 'chat' payments service adds new functionalities for all BlackBerry users in Indonesia
Global Mobile Money experts Monitise plc (LSE: MONI.L) today announced that its BlackBerry Messenger peer-to-peer (P2P) payments service, BBM Money, has been enhanced with new capabilities including a wide range of bill payments, cardless cash withdrawals via ATMs and access via wifi. The added features are designed to further increase the convenience of the BBM Money service launched earlier this year through Monitise's joint venture with Astra Graphia Information Technology (PT AGIT Monitise Indonesia) in partnership with Indonesian financial institution PT Bank Permata Tbk (PermataBank) and BlackBerry®.
The bill payment feature will enable BBM Money users to easily and conveniently pay a wide range of bills including utilities, credit cards, post-paid mobile, internet and cable TV. The ability to top-up electricity prepaid accounts will be key for users as state distributor PLN rolls out this model across its customer base - already over 5m Indonesian households are on prepaid terms. New BBM Money users can access the service by downloading the application from BB App World and undertaking a simple registration process, all instantly via their device.
The innovative extension of PermataBank's cardless cash withdrawal service through the bank's 800 plus ATMs provides another option for withdrawing funds from BBM Money. This is in addition to the existing facility to transfer money to any bank account.
The introduction of access via wifi will make the downloading and use of BBM Money less dependent on mobile network data speeds and means it is now available to BB subscribers who do not have a data plan.
In a word: No. In a few more words, "relax, maybe take a walk, it's nice outside".
There IS news today, and i'll post that under its own topic.