Edison Investment Research - Monitise PLC (MONIF) Update: Visa Inc assessing stake

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Edison Investment Research

Update: Visa Inc assessing stake

Visa Inc has announced it may reduce its 5.5% stake in the company and intends to reduce its reliance on external developers once the current contract with Monitise has run its course by mid-2016. Monitise has reiterated both its near-term and longer-term guidance, implying it had not been expecting a material contribution from Visa Inc after FY16. While the potential future loss of Visa Inc as a customer highlights the risk of customers taking development in-house, recent new customer signings, the shift to a subscription model and the IBM relationship provide some comfort that FY18 targets are still achievable.

22/09/2014 5 EN

Underlying

Monitise PLC

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GB00B1YMRB82 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Visa Inc assessing stake

Ford Equity International Rating and Forecast Report

Update: Termination of coverage

Update: Business resized; fully focused on cloud platform

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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