Monitise (OTCPK:MONIF) / (L:MONI)Would anyone like to follow/discuss this mobile payment platform stock? Market cap 2B, price $1.35 AM of 3/10. They have partnerships with some large cos. US Bank here, lg. bank in Finland.
Jana Brandao
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Monitise and ESG seem to be competing for similar business in different parts of the world. Both are UK listed AIM companies. MONI seems to be working with VISA. I thought ESG was more interesting, but I’m not sure now.
MONI has Visa Europe and IBM. Sorry don’t know ESG so can’t compare
I have been following and investing in MONIF for 2 years. It was my first foreign investment. Here is what I know. I have researched this industry for a couple of years and have invested in a couple of NFC / Mobile payment stocks. Some this information I previously posted on another SG thread about a Motley Fool teaser. On on March 13, 2014 MF released a”The Death of Cash” teaser to sign up for their newsletter. The teaser talks about the invention of credit cards, mobile payments, NFC, and this mysterious company that is about to explode (sp to double within 30 days). I didn’t sign for the newsletter as it cost $149. But based on the the clues in the teaser, I believe the company that best fits the clues is MONIF. But this is speculation on my part based on partial information – I am not 100% certain. MF implies the stock is listed on Nasdaq, which MONIF is not. However, MONIF has been hinting that they may be joining Nasdaq for the last year or so. They just recently hired Goldman Saks, possibly for this purpose. Since they are 18% owned by VISA International, they seem to have the heft to make the jump to Nasdaq. MONIF currently trades on the OTCmkt in the States and AIM in London. This has limited institutional and conservative retail investors. They will need to do at least a 3:1 reverse stock split to clear the Nasdaq $4 share price threshold. They appear to be the leader in mobile payments internationally, and if Goldman Saks puts a โconviction buyโ on MONIF when or if they jump to the Nasdaq, I could see the real share price doubling. Gardner of Motley Fool is supposedly a big investor in this mystery stock and may have some insight, or insider information, that makes them feel certain about this teaser pick.
The fool teaser is for the chip company, NXP Semi — they’ve been running the same ad for a long time, we covered it here: http://www.stockgumshoe.com/reviews/motley-fool-rule-breakers/the-next-great-payment-revolution-the-motley-fools-nfc-stock-is/
Doesn’t mean MONIF might not be better, don’t know that one — but it’s not the stock the Fool has been teasing.
It also interesting that the MF teaser my brother sent me was stamped with the date “March 13, 2014,” yet if it is the same teaser you mentioned, the information is over 2 years old???! That’s like trying to sell a RZR cellphone today.
Travis, Yes, I am aware of that teaser for NXP Semi. The funny thing is that many of the clues in the Death of Cash teaser don’t really add up to NXP Semi – as the other thread you mentioned discusses. You could say their conclusion is somewhat misleading. After all, what hardware technology company has managed to avoid becoming a commodity? With the exception of Apple, it is hard to think of one. And Apple develops a lot of their own applications. Plus, what would Intel be without Microsoft? It has been the application companies that have cornered any markets. So while I can’t say Motley is talking about MONIF, they’ll be a fool not to have taken notice. (pun intended)
MasterCard is buying minority interest in Monitise (approximately 10%) and announces agreement to use Monitise services. Monitise appears to have the inside position as the international leader in mobile payments. Mobile payment company Square has a $5B market cap, but not nearly the volume. Monitise share price would be at least $2.50 with $5B market cap (including the additional shares for MasterCard).