Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • Bitcoin GBP

    56,239.04
    +1,411.18 (+2.57%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,379.46
    -20.06 (-0.12%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

BUZZ-Monitise Plc: retreats further from 1-month high

** Monitise Plc (LSE: MONI.L - news) down for second straight day and falls as much as 10.2 pct after UBS TP cut spurs more weakness after stock hit a 1-month high earlier this week

** UBS (LSE: 0QNR.L - news) cuts TP to 65 pence from 75 pence, cuts EPS forecasts significantly near-term but longer-term assumptions unchanged

** Broker says co will reach its target of 200 mln users in 2020 rather than 2018

** Says Monitise can achieve 2016 EBITDA profitability on a significantly lower cost base

** UBS sticking with "buy" rating, cites company's strong customer base & potential benefits from mobile banking

ADVERTISEMENT

** Co said on Tuesday that it was in constructive discussions after putting itself up for sale last month

** Jefferies named Fiserv Inc (NasdaqGS: FISV - news) , FIS Global, Temenos Group (LSE: 0QOA.L - news) , Tata Consultancy Services Ltd, IBM (NYSE: IBM - news) , MasterCard and Visa Inc (Xetra: A0NC7B - news) as potential suitors (Reuters Messaging: noor.hussain.thomsonreuters.com@reuters.net)