Member Info for Lee1235

A takeover for MCR wouldn't be based on current SP. Normally if more than 30 per cent of shares / voting rights change hands the minimum price would be the highest trade price in the previous 12 months. Thats not considering any incentive to sell, ie normally a premium on the current SP that may take it over that. Its 5.80 or so in the last year

yourhavinganidiot - i mean laugh. Your such a tool. Read the statements which talk about the company remaining highly cash generative. Just making **** up. There was 140 Mill of issues going back to 2018 /2019 which impacted cash in the first 6 months. WAP court case is done and the risk here was greater as the court amount was 174 mill plus then any cost MCR had. That was settled for 74 mill or so, a big risk gone. Items such as the new IT system (cost is reducing vs 2020) and then two backdated tax issues from the EU / USA which are one offs.

The market is a mess today - its part and pracel of investing and its not nice but the market recovers. Your not smart like you pretend. Just a nob and i dont think anyone here wants your opinion any more. Go lose your virginity with a dog

Matt yes it may not happen but MCR is a recovery play so there is risk involved. But there is risk in all stocks so its a risk I accept when I invest. I'm not trading, I have 28 years before I need the money so what happens in the next 2 years means nothing. I also work in IT for 16 years hence why I am confident here

But your basing things on things that haven't happened yet. Just your thoughts on what MIGHT happen.

Look at the facts - results like Markbell say - nearly 10% licence increase.

It was 4% revenue drop and they said its because of previous periods! Check that again.

They are in a 3 year turn around plan - did you miss the part where they said that maybe?

last time i reply as you is stupidddd

Thats fine to disagree D:. I just think when you consider the impact of the exceptional items that i mentioned, its not as bad as it looks on the surface. Profit was down because of this. Its over 100 Mill impact in the 6 month period.

The WAP case is out now, so hopefully there will be less exceptional items over the full year which should then flow into a reduced debt %. It was mentioned as a risk in the results anyway.

Do you not think that at least?

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