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.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!