Member Info for Camkite

Good man.

Re here, Doubt it tbh (ofc is possible) ... has only traded at less than 14p for around 4 weeks (October ) & volume was relatively low so I can’t see many sellers down at those levels & pretty sure most buying are in for a turnaround / investment not a 40% pump ?

ALT has managed to weather the storm without any dilution, increased gross profit 250%, debt free, £2.5m cash in the bank, £2.5m of sales secured post period end, operating profit* of £0.5m (2018: loss £0.9m), an increase of £1.4 million, operating cash inflow before changes in working capital of £0.7m (2018: £1.2m outflow) an increase of £1.9m

It was trading over 50p less than a year ago & over £1 less than 2 years ago... the ups side and reasons for holding clearly outweigh any reasons for selling.

But hey wtfdik

Mark how / where do you / can you find out the success rates of candlestick formations ?? Anything relevant you’ve got could you possibly email it over to the address I contacted you from last week?

Hadn’t noticed that on the weekly... looks like we should close over Septembers low also... imo looks bang on a cup & handle (daily) which would give us a pre news (breakout) target of £2.9X - bang on resistance... pretty convinced we breakout Monday / Tuesday without news.

Majorboy - why would there be ??

Just taking a look here

Notice magmanus ramping to himself

A clear Avoid @ all costs technical indicator.

Bobsto - Yes you’re probably right. However it’ll only take the shorters to realise they’re heavily offside & that'll soon change.

Going by yesterday’s 2 posters, they’re clearly starting to take notice.

Yes in layman’s terms that’s what I was getting at... To add to that:

“ The Operating (loss)/profit includes the impact of certain items that management believes do not directly reflect our underlying performance. These include exceptional items, share based compensation, amortisation of purchased intangibles and depreciation of property, plant and equipment.”

Jolly - FWIW after looking at the most recent results of MCRO in more detail, convinced its a bargain mate & with a 3-7% short to close....

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

"System and IT infrastructure costs of $71.5m, which principally reflect the IT design, build and migration onto a single IT platform" - speculate to accumulate.

"Integration costs of $31.4m across a wide range of projects undertaken to conform, simplify and increase efficiency across the business" - as above

"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" ….

"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."

" expected disruption "

"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. "

The devil is in the detail.

Operating (loss)/profit to Adjusted EBITDA
The Operating loss for the six months ended 30 April 2020 was $906.7m, after a goodwill impairment charge of $922.2m, compared to an Operating profit of $32.6m in the six months ended 30 April 2019.

The Operating (loss)/profit includes the impact of certain items that management believes do not directly reflect our underlying performance. These include exceptional items, share based compensation, amortisation of purchased intangibles and depreciation of property, plant and equipment.

The currency movement for the US Dollar against Euro, GBP, CAD, AUD and INR was a strengthening of 2.9%, 1.1%, 0.9%, 7.3% and 2.8% respectively; and a weakening against JPY of 2.3% when looking at the average exchange rates in the six months to 30 April 2020 compared to those in the six months to 30 April 2019.

In order to provide CCY comparatives, the Group has restated the revenue and Adjusted EBITDA for the six months ended 30 April 2019 at the same average exchange rates as those used in the reported results for the six months ended 30 April 2020. In the six months ended 30 April 2019, the currency impact has reduced the 2019 comparable revenue and costs by 1.1% and 0.9% respectively.

*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 takes all sorts mate, I’m guessing the interns left these ones in the bottom draw and the boss has just realised, posting from the pub !? Lol.

Might open slightly down tomorrow, not a bad time to start closing.

Us verses them ?? @ £2.50 = seems somewhat oversold, I fancy our chances!!

Days ago I said

“I wonder how long it’ll be before the shorters turn up”

Here we have 2... one of whom is pretending to own £35k’s worth of stock, he paid over £13 for and it’s now worth £6k.. while confessing...

“I’ll take any amount for my shares if it drops below £2, I’m gone”

Bloody genius’s.

The other, calls this “the best short in London” ... well at least this ones at least half honest, he’s admitted he’s shorting, good teamwork going on here & given his previous call of OCDO at £3.03 as a short, in 2016, before going on a huge run to £25 is now at £22 and has assets at a fraction of that value....

Not sure how the city would view something that’s gone down from £25 to £2 as the best short in London.

Either that, or your graphs upside down.

No loan maturity till 2024.

You guys must be sweating to be on a double post mission... just stuck you both down in the book of “forum, hedgy market manipulators with clear motives”

How many is it you have to close ??

25m or 50m ??

tenobas - keep them open... I don't think anyone here really cares.

tenobas coming from someone who was calling Ocado a short / sell in 2016 at £3.03 ? litrally before it went on a bull run to £25 ??

You muppet. lol.

Good day sir. how are you?

Couple of years out, a severely turbulent 3/4 years it has been... that's enough of my sob story, lol.

Back full time trading... all's good. You been winning?

:D

Common 4D make my week.

Well we got some sellers.

Doesn’t look like they are getting let back in any cheaper.

Very nice mate solid bounce, shorts really must start taking notice soon.

Looks like a cup and handle on the daily... I reckon we break out to the upside - Monday / Tuesday.

All together now...……

SQUEEZE.....

18.4p for £2.5k & 18.8p for £5k

Considerable lack of sellers given most people who bought near the bottom did so for the long term...

Reckon we will see high 30's in the not to distant future, worth sitting tight.