Member Info for Camkite

My bad, they are reported differently... $ £

£2m ???

What for ????

They had to pay £2m in expenses ??????

"raised £6.25 million (approximately US$8.25 million before expenses) "

Right time, right market, right big brother... Something pretty substantial could land anytime.

Have a good weekend.

Depends Jolly ?

I mean one could say the company is in a far healthier position now than it ever has been and the reseller of the Wyld technology might pull some moves ?

I do get your stance tho and the reasoning behind it.

Have a good weekend guys.

As long as margins come down with any drop in revs we are sitting pretty despite what the lying shorter has to say.

Have a good weekend guys.

I fancy them starting to close early week..

“ undertaken to conform, simplify and increase efficiency across the business;

· Severance costs of $21.7m in relation to ongoing headcount reductions ”

If it’s down 12% and in the previous year they paid a 56c dividend from a £2 entry I’ll take that any day of the week.

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

It’s actually reassuring that they are bothering clearly they know they’re up s** t creek otherwise they would just let it do it’s thing, much like we’re going to.

Let’s also take into account that some of that write down (made at the end of lockdown1, was forward looking)

“ which has led to an increase in the pre-tax discount rate and expected disruption to new sales activity and timing pressure on renewals. “

“ expected disruption to new sales activity”

So they have over compensated what may not have even happened !!

Let’s also note that the net debt to adjusted EBITDA is 3.4 NOT 15 !!

Tenobas - you’re on the wrong side fella, get buying!

You’re really not the brightest shorter on the top of the bridge are you??

“ The Group recorded a goodwill impairment charge of $922.2m in the period (30 April 2019: $nil) attributable to the increased economic uncertainty as a result of COVID-19, which has led to an increase in the pre-tax discount rate and expected disruption to new sales activity and timing pressure on renewals.

· As a result, the Group generated a statutory operating loss from continuing operations of $906.7m (30 April 2019: Operating profit of $32.6m).”

Tenobas. 2019 interim results (after returning huge dividend to shareholders:

(Revenue performance in line with guidance and full year guidance maintained at minus 4% to minus 6% on a constant currency ("CCY") basis.

· SUSE separation and disposal delivered in line with timetable resulting in a $1,727.2m profit on disposal and $1,800.0m returned to shareholders.

· Adjusted EBITDA margin1 increased 2.8ppt to 40.0% on a CCY basis.

· Transformation programmes remain on target for completion in 2020.

· Strong cash performance, with Adjusted Cash Conversion1 of 115.1% (30 April 2018: 96.1%) and free cash flow1 of $429.9m in the six months ended 30 April 2019 (30 April 2018: $213.7m).

· Adjusted Net Debt1 of $3,807.5m at 30 April 2019, 2.7 times Adjusted EBITDA, after including the $1,800.0m return to shareholders in May 2019.

· Adjusted Diluted Earnings per Share growth from continuing operations of 8.4%.

· Interim dividend of 58.33 cents per share (six months ended 30 April 2018: 58.33 cents).

· Profit for the period of $1,397.1m (30 April 2018: $619.7m).)

& it’s shrunk 12% yoy ??

You think this is a short ????

You really are clutching at straws arn’t you lol.

Provided everyone in the company doesn’t retire at once it’s accounted for.

Net debt isn’t 6600 (but I’m guessing you already know this)

“For a company with revenues declining by 10% y o y this is an impossible hurdle to jump.”

They’re not declining 12% “yoy” esp when you take the currency conversion rates into account nor is the debt unserviceable with no maturity until 2024 & £1.1b in cash.

Stop spreading mistruths!

Chisel - for reference the update last November gave the SP a 100 point increase, from far higher up & in that rns they reiterated what the market already knew.

Higher than 7.5 all buys........

Seems someone is more than happy to load up at these levels.

Sorry - exact figures:

The Operating loss for the six months ended 30 April 2020 was $906.7m, after a goodwill impairment charge of $922.2m.

They would have made a £16m profit.

Then take into account the YOY currency of which, for the period end 2018:

*The net impact for the Group results using CCY was a decrease of the 2019 comparable revenue of $18.5m and a decrease of $9.1m Adjusted EBITDA.*

....

Clemoc - he who dares, he who dares.

Jhfh - defo, market mechanics are more important than fundamentals, something many “investors” fail to get to grips with for a considerable time, they invest in value but fail to understand the dynamics of something like for eg, the company being shorted.

There are companies that trade below NAV & companies that trade >25 times NAV yet the company trading at >25 times NAV could prove to be the more prudent move / investment.

I can’t see how anyone could read those interim results and come to the conclusion that this is a company going under, struggling perhaps but priced in most certainly

with the exceedingly high one time costs, redundancy payouts and other expenses (which has reduced the staff wage Bill), the implementation of new all in one platform (to the tune of £75m) and the imo over excessive write down Of £922m against a operating profit of £911m ??

What planet are they living on ?

Tbh with you I don’t mind if it comes later...

This is clearly (imo) starting to turnaround, if it can move up pre news, news releases & then Shorters close starting from a higher level.

They are clearly offside here... wake up and smell the coffee guys.

Over 7.7p are buys imo

I just managed to buy chunks around this price.