Monitise last chance at these prices

There has been press speculation surrounding Monitise Plc this week. The speculation surrounds a 100 million funding that they are currently apparently seeking, and also a move from the UK AIM market to either the Nasdaq or the main London Exchange. Monitise is a British-American company doing very interesting things to support mobile money. The shares trade at about 32p. One reason is that they leverage their capital aggressively and have added a lot of shares to cover their takeover of a leading and competitive US mobile payments firm.

However they recently issues a trading update and looking at the figures I think the next few months will see the last time they will be at this price. Any move to a larger exchange will bring them on the radar for the large tech mutual funds, who cannot touch them currently on the AIM (you cannot even buy them for an ISA or SIPP). That will automatically bring the shares up as it opens wider markets. Below is their update. Buy now is what I am going to do. (The author is long in Monitise)

Current Trading Update
· Group revenue on track to reach at least $110m in FY2013.
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 Payments and transfers processed by Monitise now over $25bn annually, versus $1bn a year ago.
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 More than 18m customers now registered to Monitise Mobile Money services, compared with 5.5m in December 2011.
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 The group has a pipeline of more than 100 financial institutions via its partners and direct sales teams looking to adopt mobile banking, payments and commerce applications developed by Monitise.
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 Further to the recently announced global alliance with information technology business Cognizant, Monitise is also in talks with a number of major technology businesses interested in partnering with Monitise, reselling the Group's banking, payments and commerce solutions and collaborating on mobile technology innovations.

· An application to move from AIM to the London Stock Exchange's main market for listed securities is under consideration for calendar 2013.