Member Info for MarkBellUK

472.1

476.6

fyi no volume yet

One sell of 14,291 @ 453 which is pulling it to -7.87% can flip in a sec

7.87% down in auction

Could be a unique opportunity to top up. Shorts wont like the dividend and the bad is firmly in the past so they must be looking to close soon

Bhoys Im not surprised there are still write downs. We know that FY 2019 $6,671.3m was shown as goodwill to be written down. We also know for H1 they recorded circa $900 as impairment. BUT Im surprised they wrote down so much in H2

I think the logic from MCRO is to get this off the books as quick as possible. I think you can carry the tax credit on a loss, but if it were me and would have wrote it off in proportional chunks over a 6 year tax period and made the market aware of the tax benefits and 6 year plan. its not a game changer just different director styles

Aha - ADVFN - you can use it to offset tax by creating a loss with no impact whatsoever on cash

Value the way I get my head around it now (which maybe wrong!) is once the impairment charge is recorded, it must be written down as goodwill

FY 2019 6,671.3 was recorded now FY 2020 3,835.4

The bottom line is the market has known for some time about the overpayment for HPE and MCRO is now quickly addressing that by writing it down in large chunks

BUT as it doesnt affect cash generation why not write it all down - looking at it now trying to work out what it offsets

Welcome

Cash generation is very good, cash conversion improved, so looks like they are taking this opportunity to write off a large chunk of impairment but able to reinstate dividend

Looks like solid progress with declines in line

Any thoughts..all very rushed

Impairment · The Group recorded an exceptional charge related to goodwill impairment of $2,799m in the period driven by changes in the Group's trading performance and overall environment when compared to the original projections produced at the time of the HPE Software acquisition. This impairment charge does not impact the Group's cash generation in the period which has remained strong.

· Given the Group's continued strong cash performance, the Board has elected to reinstate the dividend and recommend a final dividend of 15.5 cents per share (FY19: nil).

Gladstone Capital Management LLP 0.93% -0.11% 5 Feb 2021

Great find Papucel thanks

Let's not forget there are still quite a few borrowed shares to return as well

#SweatyShorts

Something I have learnt is that a large part of investing and trading is personal character. For example I am much better at holding a 5 figure loss than a 5 figure profit. So now am I aware of my weakness I try to adapt when the circumstance happens (also FOMO weakness which I seem to be getting better at!)

Ask yourself why anyone would be hanging around if they have sold, telling others to sell

In my experience its
A) You are short
B) You are making it all up

Value Im in a similar position, but I think I will hold it all. Nothing ventured nothing gained and patience pays off

For me I remember "When I look back at my past mistakes 8/10 would have been avoided BY DOING NOTHING"......which mainly was SELLING

"Another unlikely beneficiary of the GameStop trading frenzy has emerged: the British pharma giant Glaxo Smith Kline. Glaxo, run by Dame Emma Walmsley, has a 5 per cent stake in US company Vir Biotechnology, having struck a deal last April to collaborate on treatments and vaccines for Covid-19.....
The firm was swept up in the GameStop hysteria as Reddit traders targeted heavily shorted stocks for quick gains. S3, the financial data firm, even highlighted Vir as a possible winner from the GameStop saga. It’s good to see the “evil” hedge funds being squeezed out — while the underdog that is Big Pharma cashes in."

Maybe the posts on Reddit are working then!

PFC & MCRO next then ;)

I also genuinely think a retrace to the 800 region is not that far away

Jonny as good as the macd is you need to use it in combination with other indicator's...have a look at candlestick patterns, the awesome indicator, rsi, CCI , stochastic etc

I recommend this book...
Profiting from Technical Analysis and Candlestick Indicators - Thomsett