Member Info for Lee1235

They set a 3 year turnaround plan you idiot. They said that from day 1. Where do these clowns come from? Circus is in town for sure

MarkBell - are you happy with the update?

i did notice that FCF is down from 700 mill but then they said this may happen in Feb 21 report (i checked earlier).

Regardless the RNS has assured me that the recent SP action is just noise for now and i will forget about this for a while.

The update is positive. Big cost savings due, no more exceptional cost for IT and also referring to value creation which I assume means getting rid if non core parts of the business. Don't see why CEO would step down on that. Oh wait you don't read reports. Just look at sp I remember

Pandamonia you need to fire the CEO every time the sp reduces without negative news. It's his fault every single time..apparently

Check the trades you dick. Most are auto trades. Most that will be shorts driving down the price. Fml

Are you talking about share price or business performance?

Revenue reduction slowed
Old problems like the Wapp settlement paid
Selling a shrinking part of the business to pay debt for 400 mill and no impact on margin
Multiple partnerships agreed Inc AWS
Multiple product enhancements delivered. Some tied to point on partnerships

So things are not getting better or do you mean the sp reduced?

Short terms the auto trades are having fun. Longer term I have no doubts this will increase massively

Strathy don't blame me because you bought in then!

Look at how the merger was handled but it looks like that's coming good. Still not sure it will get to 20 quid any time soon

Do you think robots selling to each other is ceo fault? Your a fool. Learn the difference between a business vs share price please.

Other than average results which was expected after the trade update what negative rns have we seen? One for paying down debt by 400 mill with no impact on margin.

Let's see how tomorrow is.

CHR55 - love your advice. I added more based on your advice. The secret to getting rich is doing the opposite of what you say

Sorry to reply to my own post but this guy is a fool

No mention of divi - yes because these are not the results lol. Its a trade update on what they expect to deliver - they give the info on the divi during the year end results - so February

Man - my head hurts from engaging stupid people

Debt is too high? have they defaulted on a payment? No so behave with that nonsense. Debt is too high if you cant pay it down - its down half a billion in 2 years.

Also did you read the RNS where they will reduce debt by 400 Mill by getting rid of a shrinking part of the company? Take away what ever lease reductions plus any other reductions and debt is much better. The last RNS also references further sales etc so i expect will find out more next week hopefully

The market is down. Nothing to do with MCR

Lets see what the strategy meeting gives on the 30th. If that's not good then i will re-ass my opinion. I do think the market expected much more progress on debt / revenue considering the partnerships etc and got ahead of itself. I dont think it was because of the CEO otherwise we may have some shareholder revolt against him remaining in situ D:).

Blubutton thinks shareprice is same thing as business results. Doesn't realise the 2 are not always aligned. I wasn't impressed with the results but think that's more getting my hopes up than poor results. Overall results are ok as long as there is some news from AWS etc at the end of the month

Doh...

Because cash reduced

Agreed. Not so positive for me at least

CHRI55 Clemoc - welcome back, the old idiot is back to MCR

CHRI55 is a fool. His original username was clemoc but he changed that as ppl where ripping him for his stupidity on the MCR board and deramping. He does the same thing on multiple boards, mostly with no substance or fact. Just his worthless opinions based in the fact he things he can get ppl to sell their shares and he also thinks these boards can influence sp.

Pandamonia.. I would imagine that the reason they are selling is to get rid of a shrinking part of the business and based on the statement in the RNS on impairment factor its been like this a while.

I think this is a great plan. I am doing some work with a customer at the min where we are trying to decommission a solution we use for archiving as cloud as changed the market. These old school solutions are outdated and expensive so for me I like what they are doing here.

I doubt they are selling this to appease investors or the SP. We all focus on sp and assume that the work the BOD do always relates to that. Reality is they are doing what's right for the business and if they keep doing that the SP improvement will follow

From the July update I reckon they left some leeway. They kept revenue reduction forecast at minus 7 per cent so anything better than that should be ok.