Orchard Gate
27 Jan 2016
Re: I love it when it comes together 1.78p bid.Oh dear - down 75% since Sir Clown "loaded up". Good job it was only a fantasy trade or he'd be out there in the rain selling the Big Issue.
Orchard Gate
26 Jan 2016
Re: Orchard Gate whose the fool son? Nasty? Who said that? Just wrong, not willing to admit it and a liar. Apart from that, splendid chap.Suggest you disappear back into the swamp.
The Super Hero
26 Jan 2016
Re: Orchard Gate whose the fool son? Get your kicks somewhere else Orchard. You freak! Sir Singh isn't nasty. You are.
relaxtwotribes
26 Jan 2016
Re: For me the current emphasis on EBITDA is that it represents the cash generating capacity of the company and that is important because as any fule kno a company without cash is bust.So where is MONI? Cash balances will fall below the expected £45m minimum due to contract timing delays and EBITDA is projected to be positive in H2 FY 2016, but we all know that those projections will be missed.Let me speculate that timing delays reduce cash by £5m and EBITDA continues in loss by another £10m before turning positive. All of which suggests a minimum cash balance of £30m and that MONI will not go bust.However, none of this allows a proper forecast of what the market cap should be because it is still too opaque on the matter of net profit beyond 2016. Will turnover increase and will further cost reductions be made? So, at the moment, MONI looks like a business with £66m annual turnover and no shareholder returns to be made. Today's market cap is £45m which looks way over the top and I would not be buying until (a) EBITDA is reported as being positive (b) cash balances remain healthy (c) net profits of say, £2m, are well in sight and (d) the p/e ratio is below 20 and falling.Disclosure - I hold no shares, having sold out in July 2014.
Orchard Gate
25 Jan 2016
Re: Orchard Gate whose the fool son? I think we can answer that one: having claimed to have "loaded up at 6.7p" and to have bought 3,000,000 shares (obviously total fantasy as this clown doesn't even know they are shares and calls them "units" as if it was a unit trust) and with the bid now at 1.93p, I'd say the 70% share price drop means there can be only one winner of the Monitise Bulletin Board Fool competition.Step forward a very worthy winner ... Sir 'I only do fantasy trades' Singed.What a dork.
Orchard Gate
24 Jan 2016
Re: I love it when it comes together Look at Ripleys posts and you can see why some think he might is some way be connected to Jimmy Savile.
Ripley94
23 Jan 2016
Re: I love it when it comes together Look at the writing style of orchard Thursday 10.05.You can see why some are suggesting he is TW.Or connected in some way.
Scooby Doo It
21 Jan 2016
Re: I love it when it comes together You just joined the other loonies in the iggy bin, if you planned 80p to to 2p it had better have been a short. This is no longer a mobile money company, it is an app development company.You need to re-base.33m revenue with 53m costs, that's not much of a plan
The Super Hero
21 Jan 2016
The jam tomorrow saga continues They've been saying they will be profitable for years. EBITDA is a nonsense. Projections by directors can be followed by deeply discounted placings which I'm sue there will be one in 6 months or so when something else unexpected happens - like their competitors taking most of their business.
Orchard Gate
21 Jan 2016
The views of one commentator:Monitise plc (MONI) has announced a half-year trading update – the second bullet point of which is “Existing businesses generating positive EBITDA going forward”. Hmmm. As per Charlie Munger, EBITDA is ‘bullshit earnings’ but at least this now seems to be “positive” here I suppose… or is it?...A later bullet point notes “H1 FY 2016 EBITDA loss of approximately £20m” and that the company is only “projecting” the second half of its year to be EBITDA positive, with total first half costs of £53 million “projected” to reduce by approximately £3 million per month in the second half.I suggest ‘projecting’ is rather different to the fait accompli-sounding “Existing businesses generating positive EBITDA going forward” and the situation is added to by CEO Lee Cameron concluding the announcement by talking of “board confidence that Monitise will achieve EBITDA breakeven in H2 FY 2016”. So what is it? EBITDA positive, projected EBITDA positive or EBITDA breakeven!?!As the noted words from Charlie Munger suggest, in a way it doesn’t matter - when a company talks of earnings solely in terms of EBITDA it is a safe bet that it is burning cash. Here we have that cash balances are now expected to fall below previous guidance of a £45 million minimum, blamed on “timing of cashflows for onerous contracts and restructuring” (also expected to see a non-cash impairment charge in relation to non-‘Cloud’ assets of £160 million-£170 million).The company notes “increasing interest for our cloud capability”, but also “targeted investment in developing our new cloud-based offering, FINkit”, though that it still “is sufficiently well funded to meet its future plans”.Interim results scheduled for 12th February will hopefully provide more insight but currently there looks little reason to change the bargepole stance here which has proven wise.
Orchard Gate
21 Jan 2016
Re: I love it when it comes together I answered that question 2 days ago. I think there is a reasonable chance it will go under. I've said for quite some time it cannot survive as an independent entity.
nk1999
21 Jan 2016
Re: I love it when it comes together OG,No doubt the MONI has fallen quite a lot over the last few years, and you and other doubters have been proved right.Would you agree that things are stabilising now for MONI, and bottom is now in sight? Or do you think MONI is going to Zero?nk
Orchard Gate
21 Jan 2016
Re: I love it when it comes together Yes, you have been totally vindicated Sir Singed and I've been proved so very wrong and as you say I'll need more luck next time. After I suggested people sell when the shares were at 58p it's humiliating for me to see they have today zoomed up almost two tenths of one penny and that they're worth a massive 2.25p, so only down 96%. Embarrassing.Whereas you, you wise old bird "loaded up" at 7p and then bought more, and claimed to own - what was it - £250,000 worth - so must be feeling very clever indeed having lost only 67% of your fictitious 'investment'. I've encountered some posters on this site who are not very bright - in fact, some who are so stupid one wonders how they manage to log on - but you have managed to give them all a run for their money in the twit of the year competition.
Sir Singh
21 Jan 2016
I love it when it comes together Thank you to the few that stood by me during the last 6 months. Yes it was a big gamble but worth taking in my opinion and holding on too. It's not been easy but this is the pivotal point break even H2 2016. Excellent trading update. To all the haters I love you too better luck next time. Now just FLX to come good by Summer.
Orchard Gate
19 Jan 2016
Re: 0.00? Yes. I've said so for well over a year and the share price action isn't arguing with that view.
