Member Info for Scoobydoo321

Anyone know when the listing happens? Cheers

I'm sure Matt would have been using this time very resourcefully e.g. sorting out the off take agreements, financing plus other administrative stuff whilst waiting for the ML. Given skin in the game, I dont think that he wants to hang around.

Totally agree Martyn - there is absolutely no reason to sell - H1 is 6 months away and from now until then - it is most likely that positive news will be released rather than negative....fuelling SP continual rises.

MCL is a no brainer investment.

- FY 20 now out of the way
- Recent TU exceeded expectations  
 - Divies – circa 10% normalised  + 2p while u wait for it to recover meanwhile.
 - ex-PFG investors also investing their money over to MCL ?  
 - Brokers target prices reinforces attractiveness  
 - Peers - Uncertainty over Amigo  and IPF relatively fully priced  
 - MCL is now in dominant market position no.1  in HCC
 - End of lockdown factor  / collection in person can resume
 - Online platform doing well – and gaining traction  
 - Directors including CFO buy ins give confidence  
 - Costs savings from closure of offices / more efficient collection channels  
 - Macro picture – is perfect environment for MCL to thrive  for their client demographics
- Inflation wise - MCL can easily pass on higher interest rate costs to clients  
 - Lastly, to ensure they LT business, I would expect Paul Smith to stitch up compliance, credit limits, debt collection procedures - all the areas which screwed up PFG.

I think a number of PIs were confused regarding their services, i.e. "we hunt them (phishing / fake sites) and we take them down.

Just to give a little clarification on this, based on a recent interview, the CEO has alluded to providing essentially two primary services.
Service A - "We hunt them down" but no take down.
or
Service B - "We hunt them down + "we taken them down".

Obviously Service B is provided with additional fees.

So how is Service B "we take them down" provided?
The CEO did not provide a lengthy explanation but essentially I assume BRSD are outsourced and appointed by the client with the right to act on behalf of the client, to notify websites (e.g. Facebook, ebay, social media sites etc) of phishing / scam / fake sites illegally using their clients' name, and request for such sites to be taken down.

So why does clients take up Service B?
The question shoud be why not....if you are the cyber security dept of a listed company utilising a specialist in the form of BRSD to identify, you might as well get them to "take down" as well. Saves you the agro and accountability of getting your own staff (or lawyers (even more expensive!) to police/inform social media sites etc.

Prima facie, BRSD has an excellent business model and they appear to be aggressively grabbing market share having only set up the US office (main market) last year. Margins must be massive. Once client signs up, provided a high level of service is maintained, the customer is likely to be very very sticky which implies annual renewal. Budget for anti-phishing / fake sites got to be pretty up there as priority. So biz wise, I think they are spot on in terms of business.

W.r.t SP action, that's got to be the Mr Hyde here and it has to be the RTO guys drip drip drip.....

Overall, as a shareholder, given the evidence of what I have seen, I am very happy to be a mini- part business owner in their company ignoring the ST selling which appears to be completely dismissive of the underlying business. Medium to long term wise, it's the underlying business that counts and right now it's all hands on deck to significantly push up that ARR.

SP is catching up for lost time ......compelled to top up.

Never knew that posting of financial accounts can get everyone so excited :)

Let's genuinely hope that the constipation has finally been cleared now and it can move upwards -
Nothing but good news - held back by a persistent seller (s?) that has absolutely nothing to do with fundamentals of this business.
About time this SP rockets to reflect significantly undervalued business.

PAT = £38mn - superb given Covid
I do not have access to earnings pre-2014 but this is the best showing by the company in 6 years of info I have.

SP Action - previously with PAT at these levels in 2017-18 - SP ranged from 700p - 860p (no. of shares outstanding is the same) - so SP performance this year - rather subdued.

Divies - frugal indeed.

Bonus - surprisingly no dour finals words from lady chairman this time round.

Well done to the team. P.S any chance of increasing your divies pal?

Only 1 comment from Piler all week - no wonder the SP is down!

Come on Piler - keep the morale going mate!

Current asking price remains a bargain compared to nav.

I reckon cash burn will be high - it's got to be realistically if you are using the creme of the creme Silicon Valley media agency. However, if this agency is doing the biz and brining in prospects - let's hope that translates to substantially growing rev that will offset the cash burn.

Cash burn for a high growth company in tech sector can only be expected particularly when they are now in the phase of seizing the market when competitors are sleeping.

PREDICTION - WHY I THINK IT IS A GOOD TU IN MAY 2021
I am going to put my head on the line. Seen similar SP weakness in other stocks that after releasing TU - rocketed up.

- TV time (more than a 12 tv stations) = prospects = new sign ups and High pipeline

- Free risk assessment online tool - lowers defensive wall of prospects to enquire

- Google ads – quite regular

- Increase sales staff in 2020

- TU Feb 2021 – stated "strong start to 2021..."

- We had a really successful marketing campaign - very unproportionate to our size says ceo in recent interview

- Silicon valley appointment - getting them more leads - "Really happy working with the SV agency" = infers the agency has got a lot of media exposure for us

- Extended contract with crypto firm – rns

- New products launch - impersonation detection – tech strengthens their product range to attract cyber security teams of prospective companies

- BRSD - bang on trend – online phishing / fraud / online ransom etc

- In reent interview, "We had a really good start in 2021 and this is continuing," said ceo

- SP is at rock bottom due to RTO shareholders - most likely (and NOT likely due to actual business performance).

- TU Feb 21 - says - we will be explaining our "growth strategy" to expand ARR. Does not sound like a company in contraction / in financial trouble.

Therefore, IMO, their forthcoming TU will reflect on increased no. of clients, improved ARR, stronger pipeline, aggressive growth strategy (they appear to be no.1 in their field).

@Hivedoff - I had same issue with STX,
Thought I had the shares.
Only to find I was allocated x%
Shares could have been bought on open market at 33p at the time of placement.
Buy the time my share determination was finalized - SP was lower 40's.
So - for popular stocks - IMO - I personally will overly rely on placements to determine my shareholding and use open market to buy if the stock is robust.

You got to be onto something if Li Ka Shing, one of the richest men in the world's VC arm is heavily investing into this area -
https://www.forbes.com/sites/chloesorvino/2021/03/25/billionaire-li-ka-shings-horizons-ventures-backs-vegan-ingredient-startup/?sh=e7da93662fe6

@munch - come on munch - who do u take us for?
Based on what you are saying -
KDNC will crash to 18p
GRL will reverse its gains from yesterday.
etc etc

The market is not going to crash any time soon.
It's all about correction to potential inflation.
Is it transitory or permanent? I'll leave it to the Fed.

Meanwhile, the relative fast SP rise in MKA is in line with so many other commodity stocks. FXPO, ATM, RBW (before getting shafted by the Barundi gov) etc. So MKA's rise is not an anamoly. In fact, it has been the norm.

At current SP level, MKA is dirt cheap still.

Admit it pal, you put your chips on red, you got red, you took the money off the table when you could have left to double. Now you seek for a nice re-entry. The BB strikes me as consisting of rather amicable chaps and ladies so far. Don't preach your message of fear and dread here pal. Save it. RBW's waiting for you pal.

@oogle - nothing wrong with iweb pal - only time they screwed me up was on vaccine day - nov 9th - then again - they weren't the only online platform that crashed on that day.

there's no rest
for leaky lex

Here's hoping for the next Haile mine!