Lee Cooperman's Omega Advisors Discloses Monitise Stake
From market folly
January 17, 2013 - 8:00am
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...Continue reading this article »