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Clemoc debt reduced you dumb ****.
Where do they find people like you. Growing means increasing DOH
200p before or after next update??
I reckon before the way this keeps paying dividends, and ignoring the eye watering and growing debt... GLA
Cant see anything on short tracker but could be too early
Well if it is its a quick in and out!
Today 2 large buys at 11.11 for £2.4m so total purchase of £4.8m.
Few days ago same £ sell for 2 transactions. I hope its not shorts…
Anyone able to check?
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
Do you think other industries will have bright future?
Aviation, fuel cost up up up, no staff, paying compensation for cancellations etc…
We are not further away… with the current pessimism in the market
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
It's not too much debt on current trends, hence the dividend payment. It's a software business with low capex requirement so more operating cashflow finds it's way to being free cashflow, sometimes even when profit is negative due to a high non-cash amortisation charge from acquisitions. Cashflows manage debt, not profit. Software businesses generate more cash than others so can carry more debt. With another $300m of cost cuts in the pipeline, it looks set to keep churning out $400m+ of free cash even on slightly declining revenue. Forecasts are to keep paying the dividend and reduce debt. (The interim dividend in Sterling will actually be higher if exchange rates hold a few weeks.) Even though revenue forecasts have just been revised down slightly to marginal declines in 2023 and 2024 (possibly as much due to the strong $ as anything), debt is still predicted to fall over $1bn in 3 years, and these are with updated forecasts that will have taken higher interest rate forecasts into account (which have actually backed off a little in the last few days as commodities indices have fallen significantly (10%) from highs two weeks ago). The dividend outlook remains subject to exchange rate movements but is generally stable, and will rise after 2024 if debt reduction forecasts are hit.
Revisions so far have seen little free cashflow, dividend and debt outlook change since March yet the shares are down 25%. It's an overreaction driven by shorters chasing further tech sector collapse victims but MCRO has little exposure to the privacy law changes, and linked ad revenue headwinds, that have hit Apple, Google, Instagram and the like. MCRO is now tempting to yield hunters - a turnaround stock yielding 7%+ while you wait for recovery and a likely much higher dividend later. Okay, one or two stocks of this type might sour but a portfolio of such stocks generally turns out very fruitful in time. Yield investors play the odds, too, and they look quite good here at this price. It will be drawing new buyers in.
And not forgetting the $545m net debt reduction in H1 was after they spent $28m cash on the Debricked acquisition and $48m on acquiring intangible assets (as well as the $65m on the dividend). If they were in trouble, all of these could have been dropped to add a further $141m to debt reduction. Presumably, they feel they are comfortable for cash generation head room and did not need to.
At holding it with £3 average.. Ability to pay dividend means it is likely to be bottom.... I am expecting revenue to stabilise from next quarter and perhaps start increasing from next year based on AWS deal... I am as comfortable as I can be holding it...lets see how long I can hold it.. Must have bought and sold it atleast 15 times in in last 2 yrs... Still remember £3k dividend.. Thays the highest div I have ever earned??
Is 303 new resistance level?
as u keep advising people to sell countless times
so peaky, pleaase confirm if i sell now, and the sp goes up to 4.00,you will make up the difference
and if u do not honour your words,i can hold lse accountable for your actions
Ahhh peaky is Chris Clemoc. It all makes sense now. This ****** is back with his 4th different name
Maybe average down again at 200p??
As decided to sell my other holding to buy this... It seems US tech market is once again raising its head... I should have listened to my heart and stuck to us market... Tech shares listed there give much better returns... Don't want to be harsh but to me it looks very stupid to invest I. UK listed tech shares... There is not real life/potential.... I know some may not agree with me in it... Its bit like someone on Lse board suggested me it's not a very good idea to buy shares when u can deal in CfDs... At first I found it useless suggestion.. But over the year after some exposure and much discipline I now feel gentleman gave me good advice. For last 4-5 yrs I am dealing only in CfDs and I see no point in buying real shares just in hope of 3-4% dividend... Similar for last 1 Yr I m trading in US market and I have reached to a point where I just see pointless investing in London listed shares...