Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Well owning shares in Micro F is certainly not boring. One thing puzzles me though. I assume this litigation was inherited from HPE and we know HPE failed to deliver the promised working IT systems on acquisition, so why isn't compensation being sought from them?
Every BB needs a loony who refuses to admit they are wrong despite the ever mounting factual evidence.
Excellent entertainment and very funny. Keep posting Chriss.
More like "to infinity and beyond!"
Warrants to invest in shares are something that would have been signed off at board level in Amazon which means it is far from an ordinary business deal and it is obviously some kind of strategic move.
My thoughts exactly. Amazon have a real incentive to put business to Micro Focus in one of the fastest growing businesses on the planet. Amazon must believe that the value MF shares is going to end up considerably higher than the current SP for them to bother taking a stake. The mind boggles at exactly how much the business generated by AWS could be worth.
There are companies on the ftse that are quite literally running out of money and will need share issues or loans just to survive which are treated far more leniently by the market at present.
I'm in it for the dividend stream thats coming long term so I'll hold come what may but it is
Disappointing.
I imagine the results will be what the market expects ie simply confirm that the company is stable and generating cash and will survive.
Perhaps him resigning is market sensitive information and they have a duty to release it before it becomes common knowledge who knows? They are going to have to find candidates and tell headhunters and arrange interviews etc but tbh that's a guess
My reading is the market was spooked by the CFO handing in his notice so close to the results even though there appears nothing sinister about it. Makes people nervous given recent history.
There is probably little likelihood of his share options paying out no matter how successful he is so he can probably easily get a better package elsewhere. As Loosemore showed people at that level are very self serving .
I think Barclays put out a neutral view on Micro F maybe that has weighed a bit. Not sure why anyone would take much notice as their views on the company previously have been miles adrift although that again may be a reason for their caution.
Tempted to invest myself but what's holding me back is that I just don't get why the price is still falling. UK based Mortgage bank whose collateral has been rising in value, covid losses will materialise obvs but you'd think that was baked into the price by now, not especially going to affected by Brexit, so why is the price continuing to fall?
Companies can issue trading updates any time they wish. A disorderly market developed in micro focus shares which might have been avoided if some attempt had been made at communication. Even when they did communicate it was without warning which was rather irritating. If institutions were given better information than ordinary shareholders as you seem to think then the directors would be prosecuted.
Nonsense the BOD can communicate with its shareholders any time they want for any reason they want so long as what they say is true.
The lack of communication from the board over the last year is very poor. They just sat and watched fear and speculation drive down the share price for no real reason whatsoever as we now know. Must do better Stephen! Its no use just doing a good job you've got to tel
Yeah well done to the negotiators. It must have been really tough getting the EU to agree to a deal that guarantees access to the UK for their massive trade surplus whilst giving them a free hand to attack our financial services industry with every dirty trick they can think of.
At least micro F is immune to it and will sell its software to wherever in the world its customers choose to locate themselves.
So he's basically having a conversation with himself?
weird.
I'd be amazed if the EU didn't sign a deal as its hugely in their favour . As it excludes financial services they will have free reign to use any dirty tricks they can think of to get EU related business moved from the City of London whilst guaranteeing an export market for their huge export surplus in goods. The UK won't be able to retaliate to defend its financial services industry.
Our government will dress it up as some sort of triumph but it is nothing of the sort. Why on earth they didn't insist on FS being included is beyond belief and just reinforces the view that our politicians simply have no idea of the consequences of their actions.
No I read the right column in the first results after the acquisition which disclosed the sales split of the acquired business for the reporting period before any interference from MF management had taken place, it was 55m or more importantly 8% of the total. Perhaps you weren't as crucial to HP software as you thought you were? We're all legends in our own minds.
So 3000 highly paid consultants generated 55m of revenue ie 18k each? Even if as you say they created follow on revenue from licenses given that they would have billed their time out for work done they weren't exactly over employed. I think most companies would suspect pruning might be needed.
There was a reason HP were desperate to get rid of the business .