Reprinted discussion from the London South East board:
" 1. Whether FINkit is a cost effective alternative to internal development? Other 3rd parties?
No. We are told that it is 5-10 times faster to develop, using FINKit, but we do not know the cost, therefor cannot judge if it is cost-effective or not.
2. Is it cost effective when considering IBM "Bluemax" share? Partner's share?
FINKit is a development platform. IBM gets nothing. Partners get nothing.
3. Whether FINkit performs as advertised; response time? At scale? Under all conditions?
FINKit is a development platform. Response time is a metric of an operational system. Response times of systems developed under FINKit are no greater or lesser than systems developed without using FINKit.
4. Are we continuing to invest in FINkit while we wait for contracts OR is the product stagnating?
Yes, we continue to develop FINKit. The Welsh Assembly helped out with the cost of that.
5. Do we know our real relationship with IBM?
No. IBM and MONI jointly market FINKit, but that is all we know.
6. Do we know how the various Content sites are progressing? How often are the sites updating their Op Metrics?
Content revenue and ebitda both increased by £2.9m in the last half year report. Don't know how often they update, but suspect that it is ad hoc.
Does anyone think the share price will rise until we know the above?
I think it will go up, but don't care much. It will go up at the next report, IMO. Ebitda will be positive again, costs will be lower and content will be up by another £1m. Just my view.
" Does leadership have a communication plan (stakeholder expectations management plan) that augments their product delivery & sales plans? Twice / year will not cut it!"
Leadership has no intention of updating the market to help the share price to rise. That is what got MONI into trouble in the first place."
If you want to follow any news on this company I would recommend following them on TWTR, since management has a problem sharing. There actually seems to be quite a bit going on behind the scenes, maybe that's intentional?
Maybe we'll get something out of IFGS 2017 London today! Hey management, how about a flippin Press Release once in a blue moon!!!!!!!!!!!!!
Facebook — Facebook's WhatsApp unit is considering entering the digital payment services market in India, in what would be its first such move globally. I mean seriously, what do we have to do to gain some traction and get back on track with major players. The lack of communication from management is really starting to tick me off. Get with the program and start creating some shareholder value, we've suffered long enough!
Making a bank-fintech partnership actually happen | BankNXT
What steps can fintech companies take in order to minimise the risks associated with collaborating with banks, including compliance? Story by Anna Bennett.
IS IT TIME TO BUY ????
I'm wondering if we fit into this IBM,CRM matchup.
MONITISE HALF YEAR REPORT- Very Encouraging LONDON (Alliance News) - Monitise PLC on Thursday said it remained loss-making in the first half of its current financial ADVERTISEMENT
year, but said the transformation that started a year ago delivered profitable earnings.
The financial services technology firm posted results that showed a considerable improvement from the previous financial year when it reported a pretax loss of GBP210.5 million in the first half, followed by another loss of GBP32.6 million in the second.
In the six months to December 31, Monitise said it still made a pretax loss, but a much narrower one of GBP7.5 million, despite revenue declining to GBP28.2 million. In the previous financial year, revenue in the first half was GBP33.4 million before rising in the second half to GBP34.2 million.
Monitise said earnings before interest, tax, depreciation and amortisation in the first half was USD300,000. In the first half of the previous financial year, Monitise posted a huge loss of USD20.2 million, before returning to profit in the second half with Ebitda of USD600,000.
"Transformation initiated a year ago delivers Ebitda profitability for the second consecutive six month period, with a significant reduction in reported loss," said Monitise.
Exceptional charges were lower in the first half at USD10 million, and Monitise continued to reduce its headcount, with 420 staff at the end of 2016 compared to 627 members of staff a year earlier.
Looking forward, Monitise said revenue for the full year is still expected to be lower than the last year, but said it will benefit from cost savings. Full year spending this year will be lower than the last, and cash outflows from onerous contracts will fall to GBP1 million in the second half from GBP6.7 million in the first.
"Given this reduction and the stabilisation of the group, we are confident that we have sufficient funding in place to execute on our plans. We will continue to evaluate all the group's assets to make sure they remain relevant to our strategy and add to our value," said Monitise.
Monitise shares were up 1.5% at 2.66 pence per share on Thursday.
By Joshua Warner; email@example.com; @JoshAlliance
Copyright 2017 Alliance News Limited. All Rights Reserved.
MONITISE SERVICE VIA APPLE: Turkey’s largest bank Isbank and its tech partner Monitise have launched a money transfer service via Apple’s iMessage – a first in the republic.
Using Isbank’s new mobile banking app, IsCep, users are now able to request and send money through iMessage. As Banking Technology reported in January, IsCep also allows “for the first time” banking and stock exchange transactions through one application with real-time data.
Before the first money request or transfer through iMessage, IsCep users are prompted once to define the banking account to be used for transactions. Money transfers can be a maximum of TRY 300 ($81) per transaction.
The Iscep app supports English and is also available for all foreign Isbank customers in Turkey.
UK-based Monitise made inroads into Turkey three years ago with the acquisition of an Istanbul-based mobile money software vendor, Pozitron.
This is Isbank
The bank was established in 1924, a year after the founding of the Republic of Turkey.
Earlier this month, Isbank launched a new P2P money transfer service, called “social account”, available for the “first time” in the country.
Isbank’s European operations span Germany, France, Switzerland, Bulgaria and the Netherlands. It has become the first bank in Germany focused on retail and corporate banking to opt for Avaloq Banking Suite.
Anemic volume lately. Looks like dead money until earnings and guidance on February 23.
Wondering if this is a good time to increase shares (hell, $1k gets me 28k shares.)?
I also received an alert for $MONIF from http://monstatrader.com/?s=MONIF , any ideas? Jones' law: the man who can smile when things go wrong has thought of someone he can blame it on. Investing day trading.
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Master Card's Masterpass advertisements now being broadcast on the radio. Masterpass is powered by Monitise,,, very positive
Trading Update Due: 21-Jan-16 07:00 RNS Trading Update Results and Trading Reports 22-Jan-15 07:00 RNS Trading Update & Initiation of Strategic Review Company Announcement - General 16-Jan-14 09:00 RNS Notice of Results Advance Notice of Results 07-Jan-13 09:00 RNS Notification of Interim Results Date Company Announcement - General
ANYBODY HAVE ANY INFO ON THIS COMPANY
Good riddance 2016... Here's to a profitable 2017 with many FINKIT contracts. Good luck to all long time patient longs