Member Info for JohnLewis79

Ideagen expands in South East Asia upgrading into a new purpose built premisis in Kuala Lumpur. Full announcement on Co home site.

Microfocus pulled out of a 9 day losing run on Friday but still ended sub 1000 and trades on a measly 6x forward earnings. The $8.8bn deal with HP has thrown up many integration problems and the implementation of a new IT system is causing chaos not least in cash collection! Staff leaving is another blow to the Co, no software Co can afford to have trained staff walking out the door. Whatever bank on more money being spent on righting the wrongs. Short term the sp might be about right - bulls of the stock see £20 a share. If i had spare i'd be putting it elsewhere remembering the 90's when Mfocus issued a nos of profit warnings. From memory i bought on one of them.

For starters we didnt close at 117 Lse seem incapable of putting the correct sp up. How about 115? Given the rock'a rolla slump on Nsdq (-174) that wasnt too bad -even the t350 added a few points as Mfocus led the rebound. Sage was clipped a few points (644-5). Asia & London called lower at open first thing Mon as Trumps China barrage gets priced in should matters escalate into a global trade war. One would think sensible heads will rethink matters but Trumpton does policy on the hoof and via Twitter, so any bloody outcome is possible. Trouble is will there ever be a period of calm while Billy the Kid is in charge?

I'm waiting for 110 sub...on the cards if the Street tanks again..which today looks unlikely but the afternoon crowd usually have diff ideas...and can crater the nos in a flash....as ever watch and wait. I ain't buying the barrow boys small shake out one bit.

T350 down again...no surprise there given whats going on in the wider world. Currently 32% down ytd. Tech bellwether stocks out of favour, Microfocus fell near 7% (912) and Sage off 13 to 649p. Techs have been the structural leader of this 9 year long bull market so expect them to be singled out first when mrkts get the 'fits'. So far so good for Idea.

T350 bounces off lows still c.2% down against a depressive mrkt running ahead of a tanking Dow called 200 lower...nervous holders will be out of Idea short term hoping to catch 110...as ever I sit back glass of beer in hand puffing a near Havana....knowing full well the future is bright.

Some chunky late reported sells (i assume) c.1.229m at 117 didn't dent the sp. The t350 fell again but well off 1200 lows closing at 1219. Microfocus another down day but again bargain hunters were active in the low 900-20 levels..pushing up to close at 972 that's a c.1020p fall on wk so far...ouch!.

Div paid on 18th..Lots more vol this morning...could be Msoft investors cutting losses and joining us - or might herald other moves...ie an acquisition?

Next news scheduled at the pre close up date (F/yr) wk/c 14th May (wk 20).

Disappointed pis in Microfocus could switch to us in the run up to our results. Upside to Mfocus in sp terms, given lower revs will be hard going short term for sure. Trade deals in Idea atm suggest little switching.

Microfocus after a bright start ended down on the day (991) helped by broker downgrades one particularly silly one of 90p -- Deutche holding to 780. Didn't help the T350 which fell again now down 30% ytd. Techs like all sectors await Fed & BOE moves.

Inching up ever so slowly on nothing vols and jobbers feeling pis trades. Yea..pis are controlling the flow of trades and prices atm. Most AIM stocks travel down the flow of traders moves -- the iis taking a back seat when it comes to disclosing their positions...maybe good or bad for them I don't know...but in my limited experience they will dump at the first opportunity if they can find a buyer. Happy days who needs flaky iis on the register?

Somebody just paid £12 to buy 4 shares....blimey must be expecting a 20 bagger unless I'm missing some special shakehand gang code --- that looks hopelessly optimistic...but good luck!

After Msoft fall fom grace the Sage group is now Britain's largest tech co valued at £7.2bn v Msoft £4.4bn. Idea rattles around in their petty cash drawers.

M/focus bounced off a 780 low to close at 1011 a fall on the day of 46%. Very much doubt that was warranted but great for believers taking advantage of Mr Markets generosity. I had some of these years ago sub 100 (from memory) sold out for a decent profit but up massively since - near a 10 bagger. Buy'n hold paid off in spades on that occasion. HP integration worries one of the underlying problems but still prefer Idea at this stage of their growth cycle despite the 'high' P/e which is only high if comparing to others not strictly comparable. Software businesses are rarely in direct competition to one another they may overlap for sure so a high p/e for one may be fully justified for another the opposite. A more reliable comparison if you like is the per share earnings power of a company v others along with durable strengths and top class management making a good return on tangible assets. So far Idea have performed well on all counts. At sometime in the future Idea will have a poor year thats the law of averages but should have a strong enough balance sheet to cope with the odd misfire.

An UP close always acceptable as the wider T350 had a shocker falling 18% and now down 29% ytd. No doubt due in part to Facebook woes on Nsdq where they fell 7%. The story will headline most business sections mrkt news and page one's as well.

Microfocus update disappoints but 800p disappoints!!!!!?

Gambling Commission expected to recommend a £30 spin limit on the one armed bandits. GVC will be very pleased if that proves correct. Govt machine duty revenues trump any other considerations....nothing new there! Likely GVC won't have to close hundreds of estate shops so saving jobs and livelihoods...that's a plus.

Pal of mine jumped in at low 30's for a nice quick turn. Whether the sp has legs or is just a penny ante trading chip we shall see. Toyed with the idea to buy back in but decided to wait and see what further (if any) impairments there may be. Another hindrance was why had there not been an offer for Spo given there were 4 bidders? We're the nos that bad? If this has been staged managed by the board to effect an MBO I wouldn't be surprised at all. The question of a US listing still remains as surely SPO is now a US co in all but name? All these side issues make it difficult to see any earnings increases given the current gambling restrictions in the US which look to being relaxed but you never know. I couldn't do a dcf one year out let alone 5 given recent revelations. That alone makes SPO uninvestable. Goodness knows how much the US exchequer loses in illegal gambling but I'm sure a more State regulated regime will prevail which should be good for SPO, William Hill etc ...

British Bulls detect a bullish pattern and switch from a hold recommend to a Buy (following those chunky buys late Fri?). Must admit seen it many times before when out of the ordinary trades presage zilch.....we shall see.