Member Info for K3VMC

PE "With MONI trading squarely on its 52-week low, rest assured your "news" has nothing to do with this company." You assurances are worthless. You can't even get the date of the previous report to th nearest 6 months - and that is with the date stated on the RNS.

PE Facts. Cash will be less than £27m, for sure, but the cost base across the group has REDUCED BY £30m between FY2016 H2 and FY2017 H1. That is more than TWICE the reduction from £42m to £7m over the same period. Turnaround. :-))

VH FY2017 H1 report. Cash used in operations £4.7m. Cash at bank £27m. Reduced overheads. Reduced provisions. MVC revenue up 50% to £7.0m. MVC ebitda up 300% to £3.2m. MVC revenue up 146% in France, Germany, USA and Australia. Out of cash this year? For any lie to be successful, there has to be something believable in it, however small.

And for the avoidance of doubt, the FY2017 H1 report was published on February 23rd, 2017, NOT a year ago as PE would fool us into believing. Next update coming oh so quickly. :-))

PE "If you do that you are left only with K3's redundant copy-and-pasting of year-old fluff from MONI's crack IR team. Godspeed." Yet another bit of "truthspeak". I quote from the FY2017 H1 report. Facts like two successive half years of record MVC revenue growth, two successive half tears of ebitda positive, £27m in the bank, £54m revenues, slashed overheads and provisions are far more interesting the genuine investors than the shorters' perennial, "Bust by Christmas" inanity. We have heard it all before. You have to buy back at some point and I trust that genuine investors will make that a painful experience for the greedy tail-end Charlies. :-))

Wal, I'm still trying to contact you on Twitter.

maddog38 As usual - all gong and no dinner. You are happy to post spurious allegations. Every time you post nonsense on here I will ask you for proof. When I post that MVC ebitda went from £0.9m to £3.2m in successive half years, I can quote the interim statement. When I quote £27m in cash and no bank debt, I can quote the interim statement. When I quote £54m in revenue, I can quote the interim statement. When I quote positive ebitda in successive half years, I can quote the interim statement When you make spurious statements, you say "The truth is out there". This is not X-File. This is real life. Please stick to verifiable facts, or provide opinions based on verifiable facts. Leave the fake news to President Trump.

We just need to watch out foe traders trying to increase liquidity. That can make the book look worse than it is.

"The Group ended the half with cash balances of £27.3m as at 31 December 2016 compared to £42.1m at 30 June 2016, and no bank debt. The main areas of cash usage in the period were the restructuring of the business and the settlement of onerous contracts of £6.8m, capital expenditure of £2.7m and cash from operations of £4.7m. The settlement of the majority of the onerous contracts leaves the business in a stronger position enabling a focus on operations. The remaining onerous contract and restructuring provisions of £3.7m will be spread over a number of years with the anticipation that £1m will be paid in the second half of the financial year."

"k3 wrong again moni has £1 million debt sorry to tell you" Really!!!!! Prove it. :-))

Was £4.7m last half year, AFTER which MONI had £27m in the bank with NO debt. Since then: Six months of full cost cutting effects. Reduced provisions for onerous contracts from £6.7m to £1m. Increasing MVC revenue. We may actually be cash generating for FY17 H2, depending on how much MVC has grown, but even if the operating cash level was UNCHANGED, we have enough cash to take us through to 2020!! The notion that cash burn is unsustainable is NONSENSE. Just read the last update and look at the figures!

So they object to the fingers!!! How trite. GLA

So they object to the fingers!!! How trite. GLA

£27m cash at the last count and NO DEBT. Just a few weeks until we can silence these nonsense posts! GLA

Don't worry about cash burn. The outflow of capital was a mere £4.7m in FY17 H1, PLUS FY17 H2 will have the benefit of a full six months of cost reduction, PLUS an increased revenue for MVC. "FY17 capital spending will be materially lower than FY16, and cash outflows relating to onerous contracts will fall from £6.7m in H1 FY17 to approximately £1m in H2 FY17. Given this reduction and the stabilisation of the Group, we are confident that we have sufficient funding in place to execute on our plans. We will continue to evaluate all the Group's assets to make sure they remain relevant to our strategy and add to our value."

We have had enough distraction from the business. It's a very basic tactic, but it worked again. We should watch for them starting that and resist joining in. From the last update: "FY17 capital spending will be materially lower than FY16, and cash outflows relating to onerous contracts will fall from £6.7m in H1 FY17 to approximately £1m in H2 FY17. Given this reduction and the stabilisation of the Group, we are confident that we have sufficient funding in place to execute on our plans. We will continue to evaluate all the Group's assets to make sure they remain relevant to our strategy and add to our value." Pending finkit sales, the star asset is MVC. Beetham pointed out that the 50%+ increase in revenue, from £4.7m (H2 2016) to £7.0m (H1 2017) dropped straight through to ebitda, which shot up from £0.9m to £3.2m over the same period. With that rate of increase, and with revenues up 146% on average in France, USA, Germany and Australia, we should expect this cash machine to do even better in the next update. No wonder that the sp shot up to nearly 4p on the rumour that it would be sold! £27m in the bank at the last update, expenses and provisions slashed and award winning software still being produced. I cannot wait for the next update!! Investors still have hecklers urging them to sell, as we have seen them do in other stocks, but this is NOT 1984, this is 2017. For every "truthspeak" that is broadcast, we have google. Simply look at the trading statements for the real truth. Look for increased ebitda in the next statement and for guidance on future profitability. Leave it to the accountants, NOT the charlatans.

The board has shown remarkable tolerance to the antics of you and your buddy, so ease up on the faux indignation. You are quick enough to dole out abuse, but obviously you can't take it in return. Quelle fromage!! As we say in Peckham.

Wall, would you please follow me on twitter?

Can you please follow me on twitter?

Digital Tech Hub http://www.monitise.com/what-we-think/2017/06/02/wales-from-coal-mining-to-digital-tech-hub/