Monday, February 3, 2014

Possible Opportunity to BUY Monitise

Monitise today announced it has bought the Turkish e-money company Pozitron

The entire issued share capital of Pozitron has been acquired via an all share deal. The initial consideration is to be satisfied by the issue of 35,925,589 new ordinary shares of 1p each in the Company ("Ordinary Shares"), valued at £24m, based on the closing share price of 66.5p on Friday 31 January, 2014,

Because they paid in an all share deal the price of shares may well drop again as they typically do due to the dilution. This may well proved a chance to top up on these shares which will at least double I think during the next 12-18 months.

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