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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.
Surely removing none key areas which are reducing in size is a good thing. SP action here since the latest RNS shows that. I do find it strange that no buys lately but sure we will know what's happening soon enough
Read the RNS i full guys. This part of the business is shrinking. 11 percent revenue reduction this year for the archive business and it also was a big part of the impairment charge last year. This is very good business. Reduce shirking parts of the business, repay debt and it also helps reduce the revenue reduction for next year.
I would also imagine discussions been ongoing since way before july...these decisions don't take days
It's a very good move. More so when revenue for this area reduced by 11 per cent this year according to the RNS! That's a good move to help stop the revenue reduction problem going forwards
No clue tbf. I just see robot's selling to robots and assume that's someone having fun. Majority of trades seem to be automatic
Depends what you mean by top line. Revenue declines are not a problem until it impacts profit / cash