Member Info for Camkite

I agree with you.

The problem with Sisto insisting on dilution after news releases is the market will eventually lose all confidence in the market and value enhancing news and, instantly as it is released it gets sold into... this over the long term has really problematic effect on the company as they will struggle to get any placings away & it can enter intro some death spiral sell off..

As we are seeing here almost instantly after the recent placing... why would anyone want to fund the company through a placing if 2 days later its 0.5p less to sell ??

They really should have thought this through imo, hence why i sent them that question the other day for them to answer at the shareholder call... but alas 2 days later they get a heavily discounted placing through, discounted even more than the last when we are told "Company is in an exciting stage"

If its that exciting wtf are you giving it away so cheap... The market clearly isn't as stupid as the BOD are, hence why now you can almost buy at the placing price.

A shame that they have 0 knowledge of who the market works and how destructive these "instant placings" will be to the long term value of the company.

Out of interest... does anyone here know what their remuneration packages are?

Pre market opens an hour before oficial... Google finance is showing 19 pips up, Fridays close at $3.42

NYSE£ (Futures) are up which boads well and fridays afternoon also boads well... also good to note the large insti short open is USA based so if they close, likely it will be on the nyse.

aye ?

NYSE doesn't open till 2:30 gmt.

Antelope do they have enough combined shares to try and get them kicked off the company or at the very least put the ****s up them ?

GAPS FILLED.

6p drop to 3p onto 7/8p ? Based on ?

If loads of people (ie the market) believes it’s going higher, it goes higher.

Has this been forward sold ?

£20 a share ??

You’ll do more harm than good banding absolute boll0cks like that about.

£35b market cap ??

Lol.

£9

Also doesn’t seem out of the question.

Shorters - what do you think ??

& a $ 0.58c divi by feb ?

Interesting to note mate, I guess many pi’s would also follow the money / shorts.

Going to be a good week.

Tbh Monty I really don’t think the update even matters. This is foooking cheap & I fully expect it to start moving heavily in the opposite direction to the last 2 years.

“ 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.”

Dude @markbell was on about doubling those numbers the otherday...

“ In my experience using a Euroclear account (which gives month end in arrears ALL short positions) you can roughly double the short tracker number. So we are looking at closer to 7.5% imho.”

No idea why, far out of my expertise but trust he knows his stuff.

“***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.”

Blimey, he didn’t last long.

Long live the queen.

And politics.

Gl guys.

56c divi is a 20% dividend from these levels.

Also. Another point to note, most business is conducted in dollars.... which, post brexit, will have a very very positive impact on the £ conversion on the books with the exchange rate very likely dropping dramatically.

Sitting very pretty imo mate, unless you’re one of those short.

Oh and let’s also remember... as someone else quite rightly pointed out:

The world has and is shifting to a more online, work from home, remote workforce, no reason to believe revenues will continue to drop & mgmt haven’t been tapping into new avenues...

Wonder if they will hint @ reinstating the 50c dividend on the trading update?

March 2020, the board decided to “suspend” the FY19 final dividend as uncertainty increased regarding the scale and potential impact of COVID-19 on the global economy and hence on the Group. Subsequently this FY19 final dividend totalling $190m was cancelled in order to conserve cash, of which approximately $143.0m was used to reduce gross debt as part of the refinancing in May 2020.

The Group generated a statutory operating loss from continuing operations of $906.7m...

In the six months ended 30 April 2020, exceptional costs reported in the Operating (loss)/profit increased from $161.4m to $1,048.4m.

1048.4 - 906.7 = $141.17m

The costs incurred in the period primarily include:



· System and IT infrastructure costs of $71.5m, which principally reflect the IT design, build and migration onto a single IT platform;

· Integration costs of $31.4m across a wide range of projects undertaken to conform, simplify and increase efficiency across the business;

· Severance costs of $21.7m in relation to ongoing headcount reductions as the Group continues to remove duplication and simplify the continuing operations as a result of the acquisition of HPE Software; and

· Property costs of $1.6m as the Group continues the process of simplifying the real estate footprint.

· A goodwill impairment charge of $922.2m was made in the period (note 11). This impairment charge is attributable to the increased economic uncertainty as a result of COVID-19, which has led to increased discount rates and expected disruption to new sales activity and timing pressure on renewals.

As set out within the Chief Executive Officer's statement, the IT System development has been re-phased such that the legacy Micro Focus business is expected to transition to the new IT environment from November 2020 and the Legacy HPE Software business following in early 2021. The COVID-19 pandemic has meant that the delivery of a Single IT platform on a global scale has been delayed in part by restrictions caused by the virus, particularly due to operational and travel restrictions in relation to our integration partners and our staff working on the project.

...

There is imo absolutely diddly FA wrong with this company other than some prudent moves which have been perceived badly by an unkindly market.

Devalued assets / order book / goodwill gesture based on “possible” covid issues...

The company is profitable, paid a 56c dividend on the previous year & sales / orders were down 12% for this period, minus goodwill (some of which was expansion/growth/slimlining one off none reoccurring costs - including £75m updating software which has launched recently) would have made £18m profit.

Not to mention, and the cherry there are some sizeable shorts that need closing! Have a thorough read of the interims.

Shorters, you can have some of mine @ £6.

Patience sir.

Jakethedog ?

about time we had a heated debate over some shares, been a while. Lol