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Share Price: 16.50
Bid: 16.25
Ask: 16.50
Change: 0.75 (+4.76%)

Monitise, the company behind the Mobile Money service offered by Lloyds, HSBC and Royal Bank of Scotland, has stretched its wings over the past year, entering Africa and India and forging ahead with its American unit. Now it has opened a new frontier in the Far East, signing its first Asian joint venture with First Eastern. Services will be launched in Hong Kong by the end of the year, but it is the potential to move into China and other Asian markets that presents the most promise. Asia has been quick to start using mobile banking services. This is in large part a result of the lack of high street banking infrastructure in emerging markets.

Providing the ability to transfer small amounts of cash between accounts on mobile phones can make a huge difference to people’s lives: in China alone there are 565 million mobile phone users and 65,000 are added every day. The growth opportunity is obvious. Monitise has been a much slower burn than many investors would have expected since it split out of Morse, the IT services company, in 2007. However, it now has two million customers and is set to become a mass market service as smartphone sales continue to grow. With the British business set to hit break-even this year and a growing list of tier one investors, including Visa, First Eastern and UBS, the AIM-listed company looks on sound footing. With £18 million in cash at its disposal, Monitise has plenty of firepower to fund its expansion. The shares trade at ten times projected earnings for 2014, cheap compared with other smartphone-related stocks. With influential backers on board, investors could soon be in the mobile money. STRONG Buy.
http://www.lse.co.uk/SharePrice.asp?shareprice=MONI&share=monitise




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jozef
 jozef      17.04.2010 - 18:46:59 , level: 1, UP   NEW
ocakavam riaden rise : http://www.littleabout.com/news/92327,government-banks-mobile-banking.html