The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
SAP results today demonstrated strong growth in Cloud adoption. Does anyone else think this bodes very well for Micro Focus?
Great to see this go past the £2 barrier. Quite on these BB’s. Some chatter on Twitter. Either way it’s doing it’s thing quietly. Talk of M&A activity in the last results so hopefully some acquisitions to build more scale in this business. Exciting times.
Trading activity has really picked up in recent weeks with a corresponding increase in price. Know king on the door or £2+. Global focus on infrastructure and sustainability serves Alumasc perfectly. Strong exports (outside of the EU) is a big play here.
Has anyone else noticed the large buy towards the close on Friday? By my reckoning that’s circa 0.5% of the company. The share has been very stable over the past couple of weeks when I might have expected a slight pull back. I wonder whether this position was being built. I guess we shall see.
That’s the reason in my opinion why Amazon have taken a stake in the future value of MF.
What’s your opinion on the significance of the warrants? Unusual (but extremely positive) move for a commercial collaboration.
Fantastic news! And taking a stake through those warrants....that says many things. Delighted!
Thanks. I guess there may be a business update at the AGM as well in March.
AKGold - what announcement is due on 12 March? Thx
Very positive indeed. Dividend date I see is more than expected. I’m particularly pleased about the reduction in the pension deficit which has been an overhang for a long time. £2+ will not be long coming!
Results due tomorrow. RetiredBanker what are you expecting? Given the recent trading announcement I’m expecting no surprises. Confirmation on the exact amount of the dividend will be new news. Any guesses on that? Looks to be steady and resilient ship now even with external influences.
From 1.13%
To 1.04%
29 Jan 2021
Good call RetiredBanker. Looks like your patience has paid off. Finally got all businesses making a profit and their shift to sustainable products was a great move. I like the management team so feels like a good long term investment. Back to the £2+ me thinks.
JARV55 - it's a very interesting company. If you look at the dynamics at play, emerging technology, market trend for streaming vs. downloads, market leading position with recently decreased competition in this space, a scaleable operation, a timely and complimentary acquisition, with a business that's bordering on profitability (let's not forget 50% of rev in foreign currency so that will provide new momentum) together with ties with industry music players e.g. Warner Music, then this all makes for the classic dynamics of an attractive investment, which looks to be at a discounted share price. I put that down to liquidity, questions over funding (which appears to be okay) and forced sellers (the conditions for 7Dig I think have changed since those forced sellers commenced their exit). I like the management too- they are measured and patient with the comms and managing expectations. Saves significant gyrations in the share price. I sense that when solid news is delivered (start of which will be the MQA tie ups in September results announcement as flagged by Cole). Anyway a few thoughts an of course all IMHO.
Link to the article....the majors look to be lining up. http://www.stuff.tv/features/everything-you-need-know-about-mqa-future-music-streaming
@uksimon: Hi Res streaming has someone to drive it...a first big customer from @7digital can't be far behind ;-) @mikejbara https://t.co/r0iNqGLxFd
If it's timed like last year then I do believe we're due a trading update any day.
Interesting comments from 7Digital...you'd expect with a significant competitor taken out that this would positively impact 7Dig. It's a shame for the 70 employees of Omniphone. Perhaps some may make there way to 7Dig. http://www.musicbusinessworldwide.com/omnifone-tumbles-into-administration-two-months-after-changing-strategy/
The £500k PA cost savings plus a strong pipeline make this look a very smart buy. Simon Cole was really keen to do this deal and you can see why. Diversifies the client base and accelerates it's growth. Businesses live and die by the quality of their management and I like the way Simon manages his.
Good news. Looks like a very complimentary fit and a good price. Edison point to an acceleration of profit based on this acquisition.