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Strathy. I was one of those who thought MCRO an excellent buy at £10+, after it had fallen from £25+. The group seems to have successfully addressed many of the issues which surrounded the fall from £25+ to sub £10, yet the SP languishes where it is. Clearly the group has not yet restored confidence, but there does still seem to be a big value gap. I 'm prepared to hold / build and wait.
It’s been an excellent buying opportunity according to everyone since £5.50 and £4.50 and £3.50 ... there may be a pattern forming?
My rose tinted spectacles are now clear. Other seem to have deepened. Perhaps I’m bitter?? funny how paper losses can do that or £40k in two days certainly can do that to you. Some can only see the positives however, I can now only see the charts and it’s slide from Ftse 100 darling to heading for the 350.
Excellent 8c divi that it can’t really afford or 6.5p in old money. That is worth around £5k to me. You should see me dancing round the kitchen celebrating. I’m not a shorter and don’t agree with it however, this must have been the best short in the history of shorts. Lost as much as RBS now but took 4 years to do so. Rbs at least had the savvy to clear the board. RBS is now only 22p after share split, stick a zero on etc and in the guise of NatWest. This dog is the same. Massive implosion, huge director salaries and pensions. 10 million the ceo got in his first year.
Share priced halved. I thought that the worst behind us. Nope. Is it behind us now??
At the moment everything slightly negative is being used to push the shares down and short sell.
I think the results were good. They’ve reduced debt by half a billion and are still paying dividends to investors. I’ve topped up. It’s an excellent buying opportunity.
MarkBell
This is what I thought so can only conclude that the significant whacking it took was fear and sentiment based similar to what is occurring on the Nasdaq in general.
It seems markets are not even able to look 6 months ahead currently
I've used this to average down ti 330 and happy to receivecthe dividends at that level.
>Revenue missed by 11% previous I think was 5.
In real terms its 7% (6.8% stated) = H1 of $1300m (Vs $1400m 2021)
You only get 11% if you factor in currency fluctuations and digital safe revenue (now sold) - which is comparing apples to oranges in my book. The key is the yoy Revenue target remains unchanged
Strathy you need to look at constant currency instead. 11% is due to shift in exchange rates so makes it look worse than it is. Over the last few year the dollar was weaker than the pound but that's turned around lately.
Also the point on debt...
Net Debt increased last year because cash reduced slightly. Debt itself did not increase.
Debt here is getting much better. If you exclude leases (always was an operating cost in the past) it now at 3,5 Billion which is good progress.
Revenue missed by 11% previous I think was 5.
Not quite slowing attrition.
Sorry, I am a sadly a mid term holder of this share. The only reason the debt has come down in the past year is a £375 Mln sale of part of the group. Must have associated costs of 75 as the debt reduced by 300? Mmmm. Clearly, the revenue will also disappear. However, it was a good deal.
You won’t be able to love a cruise with this company but may cost you a couple of holidays.
The debt and the ceo are mill stones around the neck.
I hope they sell something substantial to at least halve what is outstanding. Cannot believe they gave the shareholders a huge divi when saas was sold rather than paying down the debt. Over 2bln sale.
Last year there was a modest increase in debt level.
Their words. Modest was 100 mln.
Anyone not in this directors cash cow.... should avoid. If you need a little push. how can a company increase the compensation of the ceo when the company is losing money?? Beyond madness.
$2.3 per annum and he gets part bonuses! Wowww
Like rewarding a child for not breaking one of the six toys they were playing with.
JG Thats the point. This is a slight half year decline. They have not missed the year target
Forecast Revenue for the year is $2675m (Vs $2900m 2021) so a H1 of $1300m (Vs $1400m) given H2 is generally weighted heavier is still on target ..which is why RNS states
"Says FY22 expectations for revenue, costs or cash remain unchanged"
We know that revenue was forecast to fall this year anyway, does anyone know by how much they exceeded the forecast reduction?
And does anyone think that it was more the licence reductions that caused this large fall?
Bet it don't bounce a 3rd... Good luck with your charts tho...
Whilst I share your pain the chart is saying we have bounced off 280c (twice)
@opulentia, my friend. Is it time for the old grumpy ex-employee to say "I told you so!" It's been 2 years since you wait for the stock to go above 500 and it only goes down
This dog continues to go walkies. Only another £6k down for breakfast. Perfect.
Stephen must be so proud!!! Pri.....
Oh molly….so this was a fib?…. “ I’m in for long term and hope this will pay the mortgage off in 5 years”.
My gut feeling tells me that it will not reach 200 or indeed go below 200.
However on a bad day in the market this could be pushed down to the 270 level…
No rush to reenter Micro but also to say it will go bankrupt is overblown.
Oh molly! You couldn’t find a better share than MCRO to pay off your mortgage in 5 years? I don’t know what debt MCRO is carrying but I think it is enormous - unfortunately for you.
Don’t understand why people are annoyed with Nuri and peaky? They have stated their respective cases in the past and let’s be honest they have proved to be correct. I hope their current stance proves incorrect and the disaster that is micro gets boosted from something, though god knows what. I have serious reservations about the aws deal. I state this as no news from Micro is always bad news when they can be bothered to release any. I don’t buy it that there is no revenue from aws platform in these terrible numbers. Sadly, my average is in the high 4s having averaged down thinking it’s a no brainer. Pity the only no brainers are the ones who like me averaged down.
I would have liked a stronger statement concerning the dividend. Lowering it only strengthens the short positions. I’d have preferred for them to state we are not paying an interim dividend and will pay down some of the debt with the proceeds and will decide on final dividend when announcing the next set of numbers.
Dividends with micro only offers major capital erosion. It drops the value of the divi the day it goes ex and drops again the day it’s paid. I have received £15k in the past year from dividends but have lost 30 because of them. I’m triple that with the capital losses due to share price.
I can’t be bothered even ranting now.
I hope the next RNS we get confirms the appointment of a new head. We absolutely need change.
I'm shorting this, will probably close at 200p, maybe lower. Good luck though...
@ Nuri
Wherevdid you come from all of the sudden?
I won’t take your advice. I haven’t sold at 400 nor 350 why would I sell @ sub 300?
H1 has slipped but the in the future sp will recover imo. Just have to wait a bit longer…
@ pesky - Wishful thinking …
Revenue slipped a bit but in the current market condition with war in Ukraine, inflation and other market factors the company is not far from the others. The revenue from AWS are yet to come so future will tell…
GL All
peaky have you sold out,if so, then pls move on
Divi needs to be cancelled to preserve the little cash they have.. GLA
I agree, the future doesn't look great here... But I'd be tempted with a punt when under 200p arrives. Constant rampers here have done a great job of luring in new investors. Plenty of pain to come unfortunately... GLA
Sell quickly is my advice to anyone holding