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If I was I bear with a big position I think I would start closing on this update. Gladstone Capital reduced some on Monday.

Surely companies are looking at Micro with 3 billion revenue to buy them cheaply.

I thought good, adjusted EBITDA 39%, strong cash continuation. Micro is a cash cow. In COVID times other companies would like to have their cash flow.

Last year it was the 20th November, tomorrow the 18th, so who knows.

facesterBrilliant, Rodney and Delboy, lol, brace yourself Rodders.

Good finish in US tonight, 3.68 dollars that’s around 279p with Sterling at 131.5 to the pound.

At the moment in US trading around 277p sterling with pound at 131.5p. Not to bad.

Opul
You certainly find good stories.

No your right, 1000p is my forecast if everything improving, but Coronavirus hit. It was sensible for the company to pull the 58.3p dividend last minute. Just have to wait and how things are progressing with an update. There is a big short position, hopefully mother of all bear squeezes.

Nice to see price up before update, just wonder if any news might of leaked, or are the bears getting worried. Interesting to see if the yanks pile in at 2.30pm.

The guess is Wednesday for update, don’t know what to expect. Bears obviously think disappointing news and a downturn in shareprice. Hopefully half decent update, massive bear squeeze. Either going to 175p or on its way to 500p. Just have to wait.

Well is it Wednesday that’s all the guess work. Let’s hope half decent and a good rally this week. December normally one of the best months on the market with the Santa Rally anyway.
Clemoc it was a top of the range Range Rover, thank you BT.

Just looked in Shortics, they have 16,745,860 shares short 3.84%, under 0.5% bears don’t have to declare, could be 20m short at a guess. Be interesting if update half decent. Fingers crossed.

Clemoc
Did you hear back from IR my guess is Wednesday for update.

That’s my No.1 fan, I shorted BT at 416p and bought a brand new Range Rover with the profit, he wants my opinion if it’s going back up.

Strange at the moment in the US Micro up 6.5% that’s about 261p in Sterling.
Do they know something we don’t.

I would say next Wednesday the 18th, last year Wednesday 20th. We don’t want it on the 20th this year, a Friday, seems companies always seem to release bad news on a Friday, before a weekend.

Bulls are holding off until update, the guess is next Wednesday 18th, they want to know if company can get back on course. If half decent update, perhaps a massive bounce coming days after Wednesday. These were 2500p in the glory days, now 235p. So I think bears may be in control until the 18th.

Also the encouraging thing for me, when Greg Lock joined in February, he purchased 200,000 between himself and his wife at 787.6p that’s around 1.5 million pounds worth. Now Greg Lock is a smart guy, at that price he must of thought good prospects ahead, surely. So at 240p are they good value, bears don’t think so.

It’s more than the 3.84% I reckon, under 0.5% you don’t have to declare, so with other hedge funds under 0.5% around 5.5% short my guess.
The update, posters reckon is next Wednesday the 18th Nov. Hopefully if half decent, we might see the mother of all bear squeezes.