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Thanks for that, looks promising.
Def a long term hold for me now.
They did say on the call that they should give more updates in H2... here is some info:
On AWS specifically, they formally launched the money services offering last month, with our technology, a core element of the solution.
We've been working together to grow the pipeline, have begun services engagements with customers, to evaluate the solution, and expect subscription revenues to begin to ramp in FY 23 as planned. Through this combination, we are building a suite of high-quality solutions with blue-chip partners and expect to see more announcements in H2. Finally, two important customer examples. Firstly, Santander, where technology is at the heart of digitizing the core banking applications, and Allianz going live in their latest step to becoming a cloud only company.
Does anyone have any idea or has there been an indication at all as to how much revenue AWS will provide?
Also given the overall objective to reverse revenue decline by FY23 remains on track, could it be the decreases in Licence and maintenance revenue that's spooked the markets?
So you don't think thing like the AWS service that started in June will help? On the investor call they even dropped a couple of names of customers moving to that already.
I'm ****ed with the sp but then the market is a mess. It will recover in time. They made 190 mill fcf and bought debricked in the same period for 20 odd mill. For the year that could be 400 mill cash. Isn't that nearly half the market cap, during a horrible period for most companies.
Can’t wait to sell up here... poor showing all round and people .. Lee etc still believe in this. Wow...
Truth hurts I’m told.
In general boards are for the investors who obviously want the company to succeed. Think I will stay around to balance the rampers.
I think you’ll find the pandemic bounce isn’t gone. Pre pandemic the average multiple was seven. Currently 10. More to drop for some.
We didn’t get the bounce like every other. That’s the point..
go back and find some exchange crap.... company in decline and at some point sales will stabilise. The can gets kicked further down the profitability road.
All rubbish. Once I’m only -20k I’m off. But that is way higher than the current price.
Sell up Strathy. Becoming a bore on here now.
Check the markets ffs. All that covid bounce has gone now
It's been a dire day all round sparked by the US sell off last night.
The way things are, and the 6 figures I'm down accross my portfolio, I'm writing this year off again.
I know exactly what you mean Strathy, tanks 5% when the Nas is down, never bounces when the Nas is 2% up, its the same with another one of mine NTW, what a nightmare share that's been too.
Micro looking like a safer investment. Now there is a statement.
Lost 90% of its value and its a safer investment.
Too many coconuts in the bounty me thinks!
This is a dog! Board hopeless. Don’t come back with the markets are down blah blah, everyone got the pandemic tech bounce but we didn’t even get the dead cat variety.... oil price ect should be bordering on irrelevant to micro. 90 % work from home. That’s probably part of the problem. Who really works from home “properly”. Certainly not the micro sales team.
Wouldn’t even be best in breed at cruffs. It’s a dog but not a pretty one!
Stephen, for God’s sake. GO
Its been my view that reducing the debt level is paramount.Scraping the dividend and accelerate the debt paydown would initially be a negative but would be rewarded in due course.The market sees the dividend as unsustainable in current market conditions.There are lots of shares that have higher and more sustainable Dividends than MCRO.
This is and has been a poorly managed business with jam tomorrow ad infinitum,long overdue for management to get of their complacency stool and proactively address the balance sheet.
Best of luck to all,its a great trading share but a buy and hold ? No,not for me.
MCRO started looking a safer investment with so much see saw movement is stock market... Looks like we are in for a long uncertain time for stock market where perhaps no one really k ows what is going to happen in future.. MCRO seems stable business should do relative well in uncertain times as business is proven and generates cash and dividend rather than burning cash.... GLAH