market folly

Leon Cooperman’s hedge fund, Omega Advisors, has disclosed a new position in London listed  Monitise (LON: MONI). Due to trading on January 10th, Omega Advisors now holds 5.65% of  Monitise’s voting rights. 

Following other hedge fund activity in the name, we detailed how Louis Bacon’s Moore Capital recently disclosed a new position in Monitise as well. 

Per Google Finance – “Monitise plc is a United Kingdom-based holding company. The principal  activity of the Company is as a technology company delivering mobile banking, payments and  commerce networks worldwide. The Company’s segments include Live Operations, Investment in  future operations and Investment in technology platform. Live operations include both territory  deployments and development contracts, which consist of Monitise United Kingdom, Monitise  Americas and Global accounts. Investment in future operations segment represents the Company’s  operations which are not live operations covering both pre-sales and start-up period. Investment in  technology platform segment comprises the ongoing development, enhancement and maintenance  costs of the Monitise technology platform.”