Friday, March 2, 2012

Monitise PLC MONI

Monitise is a small company on the AIM market in the UK. They specialize in mobile banking and have secured some very good customers. They provide the software to link mobile to legacy bank systems. The shares trade at around 38p.

What the Market is Missing
This is a very small company under the radar for most analysts so is not well covered. The software is in the right place at the right time, mobile payments are about to take off big time and they have the glue. Visa is a shareholder. The company just stared to deliver profits after several years developing and testing

My View
These are high risk shares but I believe they may top 100p in 2 years.

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