I realise that AIM Listed mobile banking technology group Monitise (MONI) is a Bulletin Board darling and so penning this piece will generate heaps of abuse for me (plus ca change). I am prepared to accept that this is a fine company but surely a £1.15 billion valuation at 70p is quite simply insane?
A hat tip to the great Paul Scott for flagging this up. His initial comments have prompted further thinking on my part. As such, following its interims yesterday I offer up a few red flags which make me thing this is a screaming short.
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