At this price MCRO is a sitting duck, it is a technology company with massive cash generation. Just yesterday NASDAQ tech stocks flew like a rocket, hoping that will have an effect on MCRO today. I topped up at 282p, no brainer at this price!!
I can beat you at 66p :) At that sp it was just scaremongering!!
£130m mcap against £150p cash currently held as a result of equity raise and UBB sale. My top-up was a no brainer. There is still scope to top-up if you can get in below 100p!!
RE: Forget results - current state20 Jul 2020 08:45
Mark - news today is better than anticipated and thank god no new negatives were announced. It was reassuring to see we made nearly £100m profit, we will rise from ashes again after this one off event. Also IMO, impairment cost is worst case scenario, we may not end up paying out this either.
We made nearly £100m profit!! and the business is still cash generative with 87% collection ratio. Cash in the bank will more than cover impairment, time to go up again.
Franky, if you think this can't do 110% you clearly haven't followed it for long! 20p is coming and may be more if we can show £20m-£25m profit on Monday.
My calculation points to 21p on Monday. Results should show modest profit after all impairment costs. There is a reason takeover offer came in at that price. In any case, we are going up on Friday.... Yay!!
I fully expect people to load back up during next couple of days. This business is worth way more than current sp and current mcap. Results should tell us that and then re-rate big time to 30p IMO.
RE: Fireworks tomorrow and Friday15 Jul 2020 16:30
We all play the same game, I got in 5.70p and sold for 13.40p. Doesn't mean anything now. I am confident this will go back to 15-20p in near term. I bought back in at 7.35p. 2 days to go.
RE: Fireworks tomorrow and Friday15 Jul 2020 16:24
Also, have a look at NSF today, we will get NSF style recovery here. Either you are in or not, don't be waiting for 6,5,4p - you may miss the boat this close to results.