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Sometimes we find things instinctively revolting, perhaps with good reason?it's not something that should be ignored.
Western civilization created the modern world, we didn't do it by eating rats and bats.
Well that certainly puts some perspective on things.
As the statement days most business is recurring renewal of licenses for already installed software.
I think its utterly sensible. Companies need to survive the next six months and this gives confidence it will.
The share price would have fallen by the dividend anyway.
The statement says that so far the business is unaffected so far and their forecasts are unchanged. It's a digital business selling software licenses to
Companies that are going to survive this are very cheap now. Sadly the markets have no herd immunity to panic and there will be opportunities for the brave.
Either something is known about the company or theres some significant unloading of positions. I think (hope) it's the latter.
Given the co has long term contracts I struggle to see why it's been so comprehensively clobbered.
The markets have lost the plot. To be brutal it is the elderly retired who are going to die. Retailers have most to fear not b2b software providers. The economy will recover in a year or two.
Micro Focus operates in US predominately, a vast insular market that that it accesses digitally.
The integration work will finish and at least the company is honest about its problems and is not the slightest bit dishonest. Personally I expect a takeover from a particular company at some point.
My favourite investment.holding up well so far. Sadly others are not.
The thing about really good liars is they believe their own lies
Good move to delay refinancing. Company operates entirely digitally, may help who knows?
As they say diversification is the only free lunch you will ever be given by the financial markets.
Heres a thought. If the contracts for the extra debt ween't authorised properly within the company, is it actually enforceable?
People acting without authority , what is the consequence.
Hard to believe it wont happen now.
Parts are worth more than the whole.
It's not utterly daft to think that the technological communication generally will replace physical travel to a far greater extent than it has. Think climate change emergency digital generation taking control etc.
Just because the discounters deliberately put their stuff in look a like packaging does not mean it the same quality or even made in the same factory as any taste test would reveal only too clearly. I know a lot of people think the look a like packaging means it is the same product but it really isn't, it's just a con for the gullible. I notice brands are starting to litigate about it now.
The discounters sell mostly ****e. It isn't anything remotely comparable to m&s in what they offer as is evidenced by today's food figures. Not a shareholder but you are very wrong.
People esp young but also a lot of older Peops dont buy clothes from m&s because the styling is often a bit naff. It is increasingly beyond belief that they haven't managed to ever fix this.
The skinny clothes fiasco is a new low but if they ever got things right the clothing could really take off.
In the 70s and 80s m&s had a reputation as being pretty sharp. They invented the market for pre prepared sandwiches and ready grated cheese etc. Everyone said they were mad.
It is being reported that the reason for the poor menswear performance was that they filled a load of floor space with skinny fit shirts and trousers that their middle aged customers don't want. Speaking as a customer I can verify this was true and obviously a major and annoying blunder.
As a potential investor it sums up why I don't trust the management to turn around clothing as it's an extreme example of the witlessness that has bedevilled the clothing side of things for years.
The annoying thing is it wouldn't probably take much more than having a good retailer with an eye for detail to change things but it never happens.
That's why I'm staying out for now.
This is probably worth a gamble on. You have to assume that all that money being spent on integration is going to pay off at some point.
I expect company will be sold in bits anyway even if it doesn't.
Concern has to be that the poor trading performance is accelerating possibly a victim of management focus on continuous restructuring and integration. They sell software licenses so revenue shortfalls go straight to bottom.
If they sort out the integration there is a real opportunity for the brave but it's not a gamble I'd take yet.
Speaking as a mercifully small holder in Woodfords suspended fund I think Woodford loved the thought he had a special relationship with the management of some companies and just wasn't critical enough of their business cases.
I live in hope that his luck changes but theres no sign of it.
I think most people invested in his fund thinking it was a boring safe place . Ha ha.