Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
They are just saying that as they have better systems now it will take less time to produce the interim results and they can publish them so quickly after the end of the period concerned there is no need for a trading statement.
The reporting cycle referred to is the internal processes they go through to produce the figures and get them audited.
It is undoubtedly intended as a sign to the markets that the company has sorted out its IT issues. New FD is making his mark and showing he is someone to be reckoned with. As an accountant who has worked on external reporting for listed businesses I suspect he would have met a lot of resistance to doing this.
"no one thinks he isn't worth it" Former shareholders in Igas(myself included ) may have a different perspective. What did for IGAS was deal making at the peak of the price cycle and corporate governance question marks. Sound familiar?
Stay diversified and you can afford to wait for the recovery. This has never been and never will be a high growth business. It has a history of acquiring mostly mid to late life cycle software products and squeezing profit out of them. The city doesn't expect it to be knocking the bedroom lights out.
We all knew what was going to happen today, it happens every results day, there's probably some element of a self fulfilling expectation.
In a years time Rodney.....
I agree about the CFO section being much more positive and confidently written. I think Murdoch just covers his backside by not being too positive.
They must be liking the look of those draft results!
I'd really like to know what the performance targets are for these options. It may give a clue to what is seen as testing but doable re operating profit and share price.
Today's drop is just a repeat of the weird illogical cr*p we have suffered for the last year. I'm just leaving the shares alone now, there is absolutely no way I would sell something so undervalued. No more exceptional costs related to integration is a big plus to me.
Murdoch is turning the company around in detail slowly but surely.
He has stabilised the mess after the persons that caused it jumped ship. He is very careful not to overpromise which is probably wise given the lack of trust in the city after Loosemores BS was exposed for the clueless waffle it was.
Patience.
Somethings definately up as regards the 30th. Something they want to announce but can't yet.
Its not really anything unexpected at this stage. I really don't like this constant currency obsession. It distorts figures depending on how it is done. Not at all sure the h1 cc trading statement revenue can be easily compared with the full year one without knowing how it is worked out.
So some non exec who sat on the remuneration committee got himself promoted to an executive role in another company which would need his full time attention and so quits. This makes the company 5% less valuable? Sigh.
If I want to sell my shares all someone will pay me for them is the current share price. That is their value to me or anyone else right now and reflects the current sentiment of buyers and sellers. That may change in the future, I hope it does but I have learnt to have a brutal attitude to investments, you have to base decisions on the truth not on what you would like things to be.
But hey feel free to take the blue pill if that's your bag.
I am not confusing anything just seeing things as simply as they really are. The value of anything is what someone will pay you for it which is the share price. I personally think mf is seriously undervalued but that's an opinion not a fact. Enterprise value is a device for comparing the size of companies with different debt structures. All very interesting but doesn't help a PI.
But if you want to buy a company you simply have to buy all the shares don't you? Whatever you get charged for them is the company's value.
Really, who knew? I thought the market value was the no of shares in issue multiplied by the share price.
Never too sure about automatic stop losses especially in highly volatile shares. You can simply end up crystallising paper losses. Far better to properly research your investments and make rational decisions. If you stay diversified there is no pressure to panic sell.
As the saying goes, markets don't react, they overreact.
If they managed to refinance last year at pretty good rates in the midst of all the mayhem they are certainly not going to have a problem in 2024. License fee revenue, the key metric grew but the company's business has always been managing mid to late life cycle low or even negative growth products and squeezing profit out of them with economies of scale.
Given that the orginal damages awarded by a court were $172m this is further good news. No further hindrance to selling the products involved or royalties to be paid.
Presumably this will make the share price fall as per normal?
The last thing the company needs is a show pony CEO.
Yes licensing revenue is they key and it turned around dramatically, not that it did the share price any good. Plenty of near bankrupt companies in the FTSE go flying up at the first wiff of any good news. The contrast with MF is surreal now.