Member Info for Camkite

I've always been led to believe it was a transfer of trades between mm's

OH !

So auction closed at £2.90 and this value of shares (from multiple holders) were fulfilled at this level ?

"Should we receive any distributions from the Company as a result of the Liquidation, we will notify you at that time. Please note, however, that there can be no certainty that such a distribution will be made."

Just gotta keep fingers crossed then eh.

Its a UT trade mate which is undercrossing, its a transfer of shares between market makers as opposed to a buy or sell within the market.

Yes mate exactly, long enough for that not to be the reason or any concern at todays date, the share price has been depressed, much of which has been down to the shorters (who now need to close).

Think everyone with any negative view should read over the RNS's of the last 16 months with a fresh perspective... as I said before the SP seems to have tainted everyone's opinion of the story here, as, the updates, results and reason for removing the Divi really have never been so diabolical.

Not once has the company stated it is in trouble... not once has the company questioned its ability to either pay the debt back or re negotiate.

In that time has reduce over heads, updated its offerings, increased margins, paid a dividend, referred its debt maturity & reduced its debt.

Matt you surely have to admit this has been oversold even without an update ?

I also don't think the debt is the problem now the company has been refinanced and no maturity on it until 2024.. that's over 2 years away.. I think the reason most investors ran for the hills is that they jacked the dividend in and from what is imo plain as day to see, they will reinstate it.

Yes but as BTC are mined it becomes harder to mine them...

Dire business model & wouldn't be surprised if the bod were filtering off a few BTC along the way.....

AIMO i'll leave it there.

Eventually left with very few BTC and some old computers...

Not all that really is it.

Candid 100% agree with this take... They re invest the money on new miners / computers that will in not so long become defunct...

If you ask me it is a pretty diabolical business model... they would be better off holding the 2000 / 4000 BTC and waiting for them to go up in value.

**of todays session.

Agree JHFH its a self fulfilling prophecy this one... the higher we go the more buys we will see.

USA defo wants to go higher... half of Fridaysa volume traded over there in the first 30 minutes of Fridays session... guess shorters might be starting to close.

looks like usa wants this higher... uk holding it down wanting some consolidation.

Shorters haven't even started closing yet.

Opened @ £2.70

All looking good for a very decent week.

Aye up...

Time to start scaling in.

antelope - you mwntion a large holder sitting on the fence... I'm not aware of any large holder 3% + ??

The sorts opened in September, as of today, they will be down on....

Buying in today you're looking at around a 16% yield on the dividend and a 200% upside (relatively short term).

Wakey wakey shorters.

Exactly mate. All signs are pointing to the positive.

Bottoms in... time to squeeze the b**tards out and take them to the cleaners!

Even if we don't get an update.... this will be £4 soon and we will get a divi next year.

Sitting pretty.

Monty in June you were saying this should be valued at £10...

What's changed since then? other than shorters making money?

Fundamentals of this company are SOUND, absolutely nothing wrong with it, or its prospects, with solid forward thinking highly experienced management.

What kind of update do you think management could release that would possibly cause 30% distruction in SP ?

Trading at cash ?

The dividend being suspended was a precautionary measure, which was a prudent move... nailed on to be reinstated, imo... they suspended a dividend at the height of uncertainty "Just in case" not because the company was going under.

Seems people have become bias here because of the direction of the SP and not the fundamentals.

"As a minimum we believe it appropriate to be prepared for a level of disruption to our new sales activity even though the majority of our revenues are contractual and recurring in nature. As a result, we think it is right to approach the next twelve months with a reduced risk appetite and heightened sense of caution.


The Board will consider paying a second interim dividend in respect of the year ended 31 October 2019 (in lieu of the final dividend) once there is some visibility on the effects of the COVID-19 on the Company's business.


This decision not to pay a final dividend in no way alters the Board's view that the group remains appropriately capitalised, with robust profits underpinned by recurring strong cash flows. Micro Focus has cash on hand of in excess of $600 million at 29 February 2020. However, in the current extraordinary climate the board believes it is prudent to use every tool at its disposal to maximise the group's resilience in the face of exogenous shocks and to minimise any real or perceived financial risks arising from the current crisis."