12-Bagger Monitise Plc (MONI) Continues to Snowball

LONDON – Monitise Plc (LON:MONI) this morning released its half-time interim results, delivering positive news that saw the share price edge up in early trade to reach 34.75 pence — making the company a 12-bagger in just five years.
The largest mobile money specialist in the world reported a 63% increase in revenues (22% on an organic basis) for the six-month period to 31 December 2012, up to £27.8m compared to H1 2012. Gross margins increased to 72% against 64% at the half-way stage of the 2012 fiscal year, and 69% in the second half. Full-year revenue is on track to reach at least 70 million pounds, underpinned by “order book and strong sales pipeline.”
The number of registered customers has increased to 20 million, a surge from six million just one year ago. As a result, the company is now processing two billion transactions, a four-fold increase on last year’s figures. User-generated revenue is up 164% (70% organically), rising on a reported basis to 51% of total revenues from 31% in H1 FY 2012 and 37% in H2 FY 2012.
Chairman Duncan McIntyre commented:

This has been yet another successful period in the Monitise journey. We were delighted with the strong investment community interest and support shown for our business with the capital raise carried out in December 2012. The proceeds from this are being used to rapidly scale our business as we enhance our global Mobile Money leadership position, laying deeper foundations for future growth.

Research in Motion Ltd. (BBRY)Monitise management also announced that it is to launch a BlackBerry Messenger service in Indonesia, alongside Research In Motion Ltd (NASDAQ:BBRY) and Permatabank, one of the country’s top 10 financial institutions.

Additionally, it has entered into a strategic partnership with Venda, the world’s largest on-demand eCommerce provider. The partnership will fast-track retailer adoption of Monitise’s Instant Mobile Checkout by seamlessly integrating with Venda’s commerce platform.

With the shares as low as 2.89 pence in 2009, they have now 12-bagged their way to the current price — canny investors who bought in five years ago, then, will be sitting on some very healthy gains.

The article 12-Bagger Monitise Continues to Snowball originally appeared on Fool.com and is written by Sam Robson.

Sam does not own shares in Monitise.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!