Member Info for Lee1235

Clemoc debt reduced you dumb ****.

Where do they find people like you. Growing means increasing DOH

Cant see anything on short tracker but could be too early

They did say on the call that they should give more updates in H2... here is some info:

On AWS specifically, they formally launched the money services offering last month, with our technology, a core element of the solution.

We've been working together to grow the pipeline, have begun services engagements with customers, to evaluate the solution, and expect subscription revenues to begin to ramp in FY 23 as planned. Through this combination, we are building a suite of high-quality solutions with blue-chip partners and expect to see more announcements in H2. Finally, two important customer examples. Firstly, Santander, where technology is at the heart of digitizing the core banking applications, and Allianz going live in their latest step to becoming a cloud only company.

So you don't think thing like the AWS service that started in June will help? On the investor call they even dropped a couple of names of customers moving to that already.

I'm ****ed with the sp but then the market is a mess. It will recover in time. They made 190 mill fcf and bought debricked in the same period for 20 odd mill. For the year that could be 400 mill cash. Isn't that nearly half the market cap, during a horrible period for most companies.

Sell up Strathy. Becoming a bore on here now.

Check the markets ffs. All that covid bounce has gone now

Ahhh peaky is Chris Clemoc. It all makes sense now. This ****** is back with his 4th different name

Strathy you need to look at constant currency instead. 11% is due to shift in exchange rates so makes it look worse than it is. Over the last few year the dollar was weaker than the pound but that's turned around lately.

Also the point on debt...

Net Debt increased last year because cash reduced slightly. Debt itself did not increase.

Debt here is getting much better. If you exclude leases (always was an operating cost in the past) it now at 3,5 Billion which is good progress.

Sure but i don't think the recession will impact IT spend.

I work in IT. Customers are heavily investing in security / Cloud migrations / automation etc. These things will happen more so in a recession as these are normally in place to reduce IT spend

Nurifool - how is it going for bankruptcy??

They are generating cash, paying down debt by what 600 mill in a year. Based on today FCF should be around 400 Mill for the year. H22 is normally stronger than H1 also so could be more. Also the AWS service started in June so that will start flowing through H2 onwards.

Its oversold for sure.

Revenue drop is 6%. The 11% is based on the fact the Dollar is now stronger than the Pound than it was for the last 2 years.

You dumb man. Stick to playing with your self.

After the rns today I think it's time for CEO to go. No trade update for the entire first half of the year! How can the BOD think that's acceptable. Nothing at all!

It's more like a deep stab in the heart. The house prices are cheaper but still my mortgage is about 200k gbp so I'm selling my kidney and a leg, maybe an arm later on

Good luck mate! I can't afford it. I'm living in poland and the mortgage interest rate is going to 10 per cent so mine is going on the mortgage!

Mine just come through. Forgot to be fair and didn't realise that's why sp dropped 1st thing

Probably right there! For me I keep saying I don't see the risk. If a company has no product or service that's in demand then yeah but in it big data / security or operations then all companies will keep investing forever.

It's funny how they associate the debt with bankruptcy risk though. I'm pretty sure MCR could spin off vertica and list it which would generate funds or even selling it which would clear the debt in 1 go. For me it's stupid to mention a risk when the sum of parts is much greater than the current market cap

It's a great time to buy shares at the minute. These opportunities don't come round often.

I would say investing in any cyber security is a good call because of this war. Half my meetings in the last week have been due to this and Customers looking at how they can prepare for any new threats etc so I expect companies to invest massively in this space. MCR should be well positioned going forwards.

Strathy...the sale of a division which generates what 100 mill and is declining 11 per cent per year. Without that the saas sales were a very slight increase which shows good progress! Can you say this isn't good business for MCR? For me it's it's great thing and shows the BOD will bin dead weight.

Nurifool is a fool and that that. He come sout when the stock declines...there is a risk of ww3 so is anyone surprised that the sp fell? Seriously my portfolio is ****ed atm but that's just how this works day to day.

Nurifool is back yayyyy

Didn't debt reduce 10 per cent in jan alone or were you too busy playing with kids to read that

Well those share awards says they are conditional so that means the CEO needs to be hitting the objectives agreed by the board.

And about global stocks well MCR problems started in 2018 and that wasn't with the current CEO was it. The chairman ****ed it up at the time with the HP CEO and it's been a problem since. If the plan is on track amd it gets back to 0 or to growth next year then I would say the CEO turned it around. If not or even if debt doesn't reduce further this year then yeah i would support the firing for sure. May is key to see direction here.

But the company is in the middle of a 3 year turn around plan that's on track and has been communicated as such since the plan was announced. Debt has reduced and the revenue reduction dropped from 10 per cent to 5 per cent over the last year. Actually we currency upside it was only 2 or 3 per cent decline. Also selling Archive to Smarsh means SAAS sales are growing or least not declining as that dragged the numbers down. And debt reduced what 375 mill or so in 1 go.

If you haven't read any of this then why you investing in shares? Serious question because you don't seem to understand or at least read the reports.

Most company SP is down this year. Look at the mess of the world at the minute.