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Read the full thing twat instead of picking small parts that suit your narrative
The Group has set out a clear goal of revenue stability as we exit FY23. In delivering this objective, the Group is seeking to moderate the rate of decline gradually in each financial year. This stability comes primarily from two key drivers. Firstly, a consistent improvement in execution across the business, supported by the end-to-end transformation of our Go-to-Market function and capturing incremental efficiencies enabled through the Stack C program. (So this is existing services such as licence increase of 10 ****ing per cent)
Secondly, the capturing of opportunities within growing markets which over time will deliver a mix effect to stabilise and ultimately grow the top line. (AWS etc)
I think you are a numpty. I dont think you read the results and just make **** up.
Licence sales increased by nearly 10 per cent. When licences expire in 12 / 24 months etc that will start flowing to maintenance revenue when people renew support instead of buying new licences. If they keep up the licence sales then its back to growth on schedule. This is without any AWS impact which is likely to be seen next year.
Maintenance caused the main revenue decrease - this has been affected by the poor sales performance over the last 2 years. If licence sales drop then in future years maintenance will drop as a result.
No idea why you spend time talking about a company you dont like. I find it so strange that you waste your time like this. Its simple - go invest elsewhere clown
Do you actually think that debt magically become a problem since the results in October?
Why is that? all the smart people on this threads cant explain why debt all of a sudden become a problem after the results. The volume went down. Ok percentage went up but thats mainly because of the impact of the WAP provision / Backdated tax items. How would the numbers look without these backdated issues?
The main thing to look at in these results is the actual debt value.
Why didn't you sell out last year like you said you would? Greed?
Why is a manipulated share price a sign that the Ceo is doing a bad job? He won't be fired because the share price goes down. His role is based on business outcomes.
Results where exactly what has been communicated since May. Ahead of expectations and 10 per cent sales increase for licences. Maintenance down because for 2 years the licence sales where down.
You need patience with a recovery stock. Don't forget how bad MCR performed after the merger and the market needs to see real evidence of the turnaround. If people deep read the reports you can see the evidence....but most people read the headlines, revenue still reducing, operating loss and AWS not kicking in yet etc
I posted about this last week. the deals to move over to cloud, ie the AWS deal can take a year to go through a bid, more so if its a competitive bid so new MCR customers. I suspect that's what is happening now.
Ok good luck Mark. I will keep an eye and top up myself.
Agreed. I'm not selling anything. Nothing changed in a negative way and the licence revenue increase gives me more confidence here. Aws kicks in next year and we are all good.
I reckon without some catalyst we can touch the November lows again!
I'm not concerned mind. Only items in the report that are painful are the legacy exceptional items which should be 1 offs. Revenue, cash etc where announced in the trade update. There was an RNS for the Wap case. Licence revenue increased. Maintenance down, because of the decline in licence sales since 2019. Debt didn't come down enough but then the debt isn't a new topic so no surprises.
I don't understand why such a drop but then all sells look to be robots!
Yes Chris. Security is a massive growth area and this will continue. In theory Micro should get a piece of this but let's see D).
Licence revenue did increase by nearly 10 per cent so that's a very positive sign.
Yep I think I read that forum also and it's annoying as hell.
Not sure what people where expecting. Normally in IT if a company wants to 'digitilise' ie move to cloud, a customer issues a Request For Information which turns into an Request for Price. These can be competitive bids that take from 3 months to 12 months to complete. Then when this is agreed there is a contract signature and from there project delivery. Ie the AWS deal will take time to show results.
I know the industry...I am working on a none competitive bid for moving services to Azure for an existing customer, started the RFI in April and we expect contract signature to complete in December. .
Why be scared of a market crash. It happens ffs and if scared of that then don't invest. Simple
No one cares Clemoc
Pandamonia..people are stupid these days so they don't read the reports or understand debt lifecycle and debt management
I didn't see anything of concern going forwards.
One offs impacting cash. They must have been aware of this hence the 3 year turn around as that will be baked into their numbers already
I think this is just manipulation. If you look most sells are robot sells. I don't care too much about the drop. Results where known. No real surprises. 3 year turn around plan is on track. Licence sales are up and that will transfer to maintenance sales in a few years once the licences expire.
Debt reduced but every one is cut up on the fact the percentage vs revenue / profit increased. The overall number is down and that's what matters.
I assume they want to see evidence of the turn around and the last update didn't give them enough. City doesn't allow know what the results will look like
the market is having a crisis at the minute. I just wish i had spare cash to buy more shares but not good timing d:)
No date yet. Based on previous years we expect an update sometime this month
I doubt that. Think your just de ramping here. Gladstone increase their short slightly and probably been selling the borrowed shares.
Why do people just make it up on here