Member Info for Lee1235

Millenium increased their short again yesterday. I cant figure it what they are doing here unless there is some coordinated attack coming soon. All 3 hedges have similar short amounts which I find strange

Should be illegal this **** really. They killed the kids at Wallstreet bets for manipulating the price and these shorts just have robots selling constantly to lower the price. Is **** but then it wont last forever.

Where is Clemoc? Thought he would be ****ing over this

Dear Chris Clemoc

It's called the stock market

Thanks

Ps clemocs iq is 7

How can that be true? It means you recognise items that do not or may not happen on the P&L / Balance Sheet. Once you add something to the balance sheet, it will impact profit when you release the accrual (it will be defined in P&L as a cost). Unless you start to mess about with adding imaginary revenue to match against the "cost" but audits would have a field day with that.

Do you think companies just write off money even if the decision goes their way or starts to **** up the balance sheet to make the impact 0?

They can disclose it in the footnotes in the "income statement" but don't need to include the numbers in the profit / loss or liabilities on the BS.

That's under GAAP and also IFRS. Basically the legal team will give them the info, they will then decide if they need to accrue for it etc

(I spend all day working with accountants and Commercial / Legal in work)

Its not that clear cut.... its based on whether the threat assessment shows the liability is likely to take place. If its less than 50% chance then it doesn't need to be accrued immediately or recognised in the income statement or Balance Sheet. MCR saying their external legal team are saying its not likely and they appeal> so they may not make the full provision straight away. Normally it will be based on legal team plus historic court cases of similar nature. Management then make a judgement which they need to be able to firmly defend against any audit.

If they do appeal this then wont they have a fair amount of time before a final decision is made and then even longer to pay this? That would mean the impact on numbers wouldn't be that bad.

So wont they just accrue a percentage every 6 months so that they dont take the hit at once. if it takes 2 years that's only 25% required every 6 months, 42 mill or so...

Do agree with sentiment though. Just seems there is never good news on its own, always followed up by something ****. They need to show massive improvement in next update plus they need to reduce some debt.

The problem - its always feels like 1 step forwards two steps backwards!

Probably some profit takers plus also i suspect shorts will look to drive it down to close before next Friday

I'm not good at maths but my average is 4.58 after buying more today so I'm not sure I'm down. My app says I'm up but Clemoc says I'm down...so I'm down. Fml the clown

Chris Clemoc just stop investing. Markets have corrections.. it's a good thing you dumb ****. Man why do you bother. Just pains me to see such a fool in the markets.

Clemoc the ****** is back. how i missed his stupidity d:)

Welcome back brother - been a long time.

Chris = Clemoc. Same forums he is posting on that the old dumb man Clemoc was.

Strange ....one disappears and one appears isnt it. Same views, same dumb ****

Read this following the call yesterday which i missed. Fairly positive messages throughout.

"The second half of FY '20 saw a sequential improvement in revenue performance and we've continued this momentum into the first quarter of FY '21"

Hopefully that means the next update will also be a positive message D:)

https://www.fool.com/earnings/call-transcripts/2021/02/09/micro-focus-intl-plc-mfgp-q4-2020-earnings-call-tr/

Plus most the time, companies want to start a new financial year with a clean slate. I manage a P&L / Balance Sheet and last year we cleaned out the closet just before the end of the financial year and in 1 month we took something like a 1000% loss. The reason - so you don't carry it in to the next year as it just keeps "impacting" the performance.

MarkBell - i agree. Most the time, no action is the best action

During the pandemic i could have made a fortune if i didnt sell for small profits or in some cases small loses - NEX / Apple / Tesla / Centrica / Coca Cola + CC HBC / Whitbread / Primarks owner / Greatland gold / Nio / Cisco D:)

I am not selling here. If its drops, it drops. Obviously everyone should make up their own mind but for me i learnt from past mistakes.

is Mcro going to crash today then? haha

DOW is crashing etc

Good old Clemoc

is waiting to buy when they get to 20 quid as thats where the cash is apparently d:)

+ there i was researching chennai superkings and spotkaniakultur

Im in Poland so get some strange results when i search for CSK D:)

This is a concern but then i side with you as i cant see how a CEO would let it happen twice in 1 year instead of doing it in 1 go. I think the main concern is because the BOD mentioned this on the RNS in November - it said impairment and divi is still under review. They did the same in the May update, mention of the impairment and a few months later nearly 1 Bill wrote off.

I work in IT and you got me interested in how goodwill works etc so i have reached out to one of our accountants to see if he can educate me on this haha. If i learn anything worth sharing i will post it here.

Haha yeah - just do a search for goodwill or intangibles to save time... i am opening straight from this site not a document etc so cant see page numbers!

This is the info i found for 2019 in the last report:

Amortisation of intangible assets: 716.5
Other intangible assets: 5,942.3
Goodwill: 6,671.3