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This company's days are firmly numbered.... debt nearly four times market capitalssation and revenue in terminal decline for years.... margin going down.... EBITDA and profit down for years. Fair value of shares is 20 pence.
No bounce here at all, anyone would have thought this is a high value tech stock with a high forward PE, its been hammered like that.
I was disappointed and surprised by the update this morning: Surprised that a tech stock would not be able to beat the comparable previous period despite Covid and the world being in a much better place and disappointed that revenue was not better.
There are some tentative green shoots in the update but the whole global economic and political situation is seeing more and more clouds - so even if Micro is turning around (so veeeeeery slowly) will the good news still be heard in the future and rewarded appropriately?
Of course they seem confident, it keeps them in a job. Worst managed tech stock on the blue planet.
I’m stuck in this horror story or take an enormous hit. I have more shares than the CFO. That should be another hint.
Pay them in shares and the micro fiasco will change tomorrow.
Not over reacting like it did here this morning???, dropped 14% and now buyers returning
GLA LTH
Well, they both seem fairly confident that were heading in the right direction, 2023 still the year for Growth to start coming to the fore,
GLA LTH Well ive been here these last few years, i might as well stick it out till then for better times ahead,
It will go over £5.00 when US markets open
I have seen it in my noodles
Fallen asleep yet?
Livestream starting now,
GLA LTH Armchair ready and coffee/biscuits on side
Not sure companies like Amazon are a fair comparison.
About time the directors purchased a few. Apart from Greg Lock not much interest
Time to start the Tune in to the conference Guys,
GLA LTH Hopefully the CEO and CFO will calm some nervous investors ????
Anyone worrying about Debt, should take a look at the DEBT on the books of some of our peers, who are valued Much Much higher than us,
Snowflake , Amazon, ETC all have Huge Debt on the books, the question is it serviceable ????,
GLA LTH Our CFO seems to think it is
Averaging 308p now... I wasn't expecting it to drop unde 300p....there seems to be a very large seller as SP keeps dropping sharply agter gradual recovery...... Still looks decent I vestments to me from this point considering its a share without any hot money... Reduction in debt was a positive and I expect revenue drop to stop going forward mainly bcoz every good or bad things come to an end after a time... Also AWS deal should add something tangible to revenue... As long as we can service debt and pay divided tit should hold 300p....GLAJ
@woodelf: No takeover will take place - with the current level of debt and the middling performance no one will be interested
MB UK,
To zero,to be precise,apologies for my error.
This has got takeover written all over it
Sure but i don't think the recession will impact IT spend.
I work in IT. Customers are heavily investing in security / Cloud migrations / automation etc. These things will happen more so in a recession as these are normally in place to reduce IT spend
>They should without doubt cut the Dividend
LOL Er they have?
There is a real possibility of a recession in the UK which is being priced in by the market currently.
MF has been hopium for several years now,poorly managed and the market is not buying it.They should without doubt cut the Dividend,it would at least show an awareness of the real world.
A test of £2 is on the cards here,it may well be time to add if that level is tested and holds and with a US tech rebound and the outlook for inflation/interest rate improving.No rush to add/buy .
Best of luck.
>Revenue drop is 6%.
I dont forget that includes "MCRO says HY performance is marginally behind original revenue plans in part due to suspension of its operations in Russia"
YET
Says FY22 expectations for revenue, costs or cash remain unchanged
Nurifool - how is it going for bankruptcy??
They are generating cash, paying down debt by what 600 mill in a year. Based on today FCF should be around 400 Mill for the year. H22 is normally stronger than H1 also so could be more. Also the AWS service started in June so that will start flowing through H2 onwards.
Its oversold for sure.
Revenue drop is 6%. The 11% is based on the fact the Dollar is now stronger than the Pound than it was for the last 2 years.
You dumb man. Stick to playing with your self.
Overall market is down today which is not helping here and pulls so down.
In longer run this is great entry point. If I had more spare cash I would be in.
I agree this is now way oversold now, time to buy in or top up (not short nuri you missed the boat again)..the yield is actually increasing due to weak £
i dont see it like that, sure its a large debt, but its been pushed back a few years, its not unusual for Footsie Companies to hold this kind of debt on its books, if i dint trust the management and there plans over the next 2-3 years, then that might be different, i still have faith that the new deals with AWS will make this a game changer for Micro, ?, nut lets us see end of 2022/3
GLA LTH THE 6/7% YIELD helps on this journey
Opulentia - you must be mad buying another £10k... great to have loads of money to chuck it down the drain. mcro is on a course of bankruptcy IMO... valued qt $1 billion and owes shorr of $4 billion and still paying a dividend.... terrible terrible company with brutal management.