Member Info for strathy

Quin, I’d like a CEO to halt declining sales, boost market confidence and ideally reduce the debt.
He has done none of this.
More importantly, I’d like the board to be rewarded when improving share holder value. Not the company buying 12 million shares to give away to the execs regardless of performance. I may be well off the mark here but how can you get a 1/4 of a million worth of shares. When during your tenure you have oversaw a 75% decline in the market cap.
I believe whole heartedly in rewarding excellence.
Whilst this is not his doing sometimes you have to draw a line and move on. Again, the cfo would, in my opinion be better for us.
I will be here for the long haul and already have been. I believe it will turn around. Think it will be closer to 2025 though.

Last week news however, need to offload!! How can we offer free shares to a seriously underperforming boss? We should be taking splunk’s lead and offing our ceo due to poor continued showing.
I’d be way more comfortable with the new cfo at the wheel. I believe the recent rally (prior to the usual slide) was solely down to his statements and thoughts when discussing the results.
He at least offered a little guidance which everyone likes.

Thanks yoda

No guidance whatsoever and it’s guidance that charts the path of a share, unless it was 2 year further losses and flat line with 1-2% thereafter.
This statement was in play prior to the aws partnership. There is no mention again about revenue stream from this, maybe there is none?
Dividend nice but would rather have not and pay down some debt. Capital erosion dwarfs dividend.
Perhaps Lee should be out new CEO. Everyone is dumb, stupid or worse when questioning anything but how good micro is. At least he speaks the company up which is way more than “Steven”. He is totally hopeless. Down £40k today. My biggest single day hit ever.

My god... ground hog day. Tried to exit but 10% disappeared before it would execute. Stuck in here till the next rubbish Update. When I saw board changes I thought we had been given a reprieve but sadly, it wasn’t the ceo who was leaving. He knows he can milk this for another couple of million before he is rumbled.

Crass lack of rampers today.
God forbid you don’t agree with them or you will be next.
I love rampers but we always need a balance between optimism and pessimism. After all, this is only a chat room. Tbf if you can separate the nonsense sometimes, very occasionally you can get the odd nugget.
It is common practise to “take a loan” to pay off another loan. It’s all about terms.
Think of it like a fixed rate mortgage. A 2 year deal may be 3 % above base rate however, a 5 year may be 4.5%. Deals expire and unless it’s rolled over with another the payment is due in full. In most cases this would result in a default.
I haven’t bothered checking previous to current terms. Though, the loss of 25 points in a day and a half doesn’t inspire.
Good broker report, bounce
Poor report, some air comes out.
Not expecting any surprises from 8th feb news that isn’t already out there.
Or this maybe just like every other chunky rise in the last 3 year and it drifts back and we know the company has had more drifts during this period than the fast and furious franchise.

I hope it’s as simple as better elsewhere and not something more sinister. Investment groups reducing a holding when approaching year lows is very disconcerting. They would have been fully appraised of the plan going forward and with way more than our scraps of information. You have to think the plan has altered substantially for them to pull the plug on an investment made only recently in investment terms.
Tomorrow’s open will be very interesting and probably not in a good way.
I’ve been in here for over 2 years and will be in here probably until 2024 now.

That’s almost a negative statement Lee.
Is your ship turning, like Micro’s.
Board at fault for all this, they have had more than enough time.

Just seriously ****ed Lee.
I can afford it but doesn’t mean I like it,
Incidentally, nothing I’ve wrote is wrong.
Thanks for the advise

There was indeed 400 sales probably more by the end of the event. Aws customers.
A bit like GM selling 100 SUV’s at $100k. Brilliant, that’s $10 million. Partnership with us.. we provide the window wipers. Micro share of the prize $2000.

I have no doubt (currently) that the company will be ok. Otherwise I’d be taking a not unsubstantial hit now rather than nothing later.
Let me offer an alternative to market cap.
Debt is 800 % of FCF. Last year the ratio of the same was 600%. Thankfully, the recent sale has been earmarked to reduce debt which will help.
Even I feel I’m talking down this company constantly and I do not wish to do so. I believe the fundamentals are there but wrong people in place.
No one in the city has confidence in the board but we are where we are and no doubt the powers that be can increase their share holdings when free options become available to them. They just need to get three time the amount initially offered and they won’t notice the difference.

Dividend would be nice and a conformation of applying one would help the price however, if I recall correctly this goes to a vote in March as to whether or not we have one. Debt to mkt cap could well be 4x by then.
Had £10k in dividends since the reinstatement but capital cost of £80 odds...
If I could turn back time!!! I’d be Cher

The company has told us previously we will return to modest growth in 2024. Considering the 100s of million decrease in revenue we have experienced during the “3 year turnaround” I’d be confident Simple Simon could do this, let alone Super Steven. Moodys aren’t wrong. It is a negative outlook unless your looking at 5 years down the road. This will start with a 2 shortly.
The only reason I’m still here is nursing too large a paper loss to deal. I live in hope someone buys the group or I’d sell and buy back in the 2s but knowing how lucky I’ve been with this company I’d sell and an offer would materialise.
This will continue to drift with no positive news. The board are the most negative perhaps in the 250 and IMO their drab delivery of outlook almost encourages shorting to happen.
Sorry to be so pessimistic but fancied a Christmas rant.
Perhaps the close period for directors to buy shares is over and we will see some hands in pockets.... excuse the sarcasm, they preach but don’t practise..

You cannot believe that.
There’s more chance of your namesake having off springs in London zoo.
Maybe, they thought it will go way down with us at the helm and we can get in at a third of the price?
In my experience people do not give money away. Therefor the directors previously thought the entry was good and the “plan” would work. These lot don’t. Dead money till 2024 (mine included).
Director deals give confidence to us mere mortals .

Directors can only buy via Pre agreed schemes?
Eh....
Close periods are the times when shares cannot be bought by an informed employee.
Last director trade that cost money was October 2020.
I’ve stated before close periods vary in length depending on how reporting has gone. After any news is offered to the market it’s open season.
Perhaps, and maybe just perhaps they are bright enough to allow us cash erosion and save theirs until this starts with a 2. Which until very recently I thought was never going to happen.

Oh this is funny!
Or it would be if I wasn’t down so much.
We are a listed company and the market cap is based on the current price. Nothing more.
Everything else is your opinion and though we all really believe this has been way oversold we are here now. Valuations, Fcf etc..would only be relevant for sale purposes. (We can all hope)

Just because I don’t like seeing my money evaporate. I now have to follow your business model. I’ve been here since the ceo started to write cheques his brain couldn’t cash! We all pay the price,
Including you, as you say ffs!
How anyone can defend such a implosion of the price is beyond me.

Actually Lee,
Yes it is. Why, because the market says so.
What we have been since Friday and before is “ over valued”
What the company has told us is your money is dead for the whole of 2022 and all of the following year.
Then we see a small 1 -2 % growth.
Markets love dead money!
Can’t wait!!!

This has been in free fall from the day the ceo took over. £19 down to £10 on his first day.
Whilst I don’t blame him for that. We need a 200 % lift to get us to where it was on his second day.
Clearly his and the board salaries are not performance related.

Still no director buys at another year low price.
Rubbish.

Better qualify the last statement. Not ageist whatsoever. We are “dated”