Member Info for Tex2374

Sellers have moved away now. I expect we will move over 3p this week and re-estrablish support based on a just a small amount of demand...

.... now where is that drilling RNS?

I just have a feeling..... :-)

"This change is driven by cost efficiencies in aligning its financial year end to that of ValOre Metals Corp ('ValOre'), in which Jangada has a current 17.68 per cent. interest in and representation on the ValOre board, as well as that of Jangada's Brazilian subsidiaries."

....still not seeing the cost saving driver here, unless we use the same auditors and accounting firms?

definitely more to this than meets the eye.

Interesting development. Seems Jan has more interest in Valore than I thought. No point in making this change if you are planning on selling your stake.

Potential merger?

To be honest I am still not clear on the drivers for the change.

Tex

Strong finish to the day.

Seems as though we are moving up to challenge 30p again. |Would be great to break 30p and establish support before the next piece of news hits.
Tex

Agree 100% Thebhoys and I have said several times that the most positive effect on the current share price would be a change in leadership. Credibility is out the window and the company needs someone to lead a new strategy making the company more relevant to current market trends around SaaS, PaaS, PPU and which is not simply improve execution and finally move to a single platform (three years too late). Interesting to note that at the spin merger Murdock was moved from CEO to COO so I assume he was closely involved in implementing the new single platform for the company to operate on! Clearly an initial point of failure which has generally continued since he took the CEO position.

Let’s hope the trading update in November (assuming they give a post year end update) gives an indication of a reduced decline from the 11.3% interims.

LOL. Looks like he has posted on 180 BBs today!

Hmmm think I will stay away from that Facebook group thanks.

The company is actually reliant on customers continuing to pay the yearly support fees. New license sales are less than a third of the business. Maintenance is about 65%. Consulting is minimal, as is its SaaS business.

As for price, I assume there have been some crazy offers tabled. At the current price I can’t see offers being much north of £5, the debt mountain is the issue. Given the breadth of solutions (mainframe to predictive analytics) this isn’t a company which easily fits into (or complements) most software vendors portfolio. Probably Broadcom would be up for it and may have been sniffing around.

However, parts of it could be valuable to sell of separately e.g. the security business or infrastructure software business.

In the absence of strategy or comms from the BoD, I like the share buyback idea posted yesterday.

https://seekingalpha.com/article/4376411-macro-problems-micro-focus?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mfgp-macro-problems-at-micro-focus&utm_campaign=rta-stock-article&utm_content=link-0

As usual, great content and views DCAT.
Roll on Q1 2021! It's just a waiting game now.....
Tex

Welcome to sub £2.50... crazy.

Come on BoD communicate something!

Yes, you are right. They don’t speculate (probably now a bad thing)

However, we do seem to have a much better development picture now through the presentation.

Hey DCAT, when I saw the news yesterday my first thoughts were what updates have they made and why do them now?

With all due respect for the BoD these guys don't like to actively communicate to the market or shareholders, unless they really need to, so I assume that this is updated because more news is going to be released in the next weeks.

Since they released an updated presentation on the 24th September stating drilling was 'expected' to start in sept, I assume that will be the first bit of news to hit (not big I know but news flow is good and it's a tick in the box).

I am hoping for confirmation of trial mining license application and also a comment on 3rd party discussions.

Interesting that they are leaning towards the dry onsite processing as a preference. I liked slide 15 which articulates plan A & B. Also interesting to note that they specifically add a comment about the background picture being a dry processing plant on an iron mine (75km to west of Pitombeiras Project). a lot of detail there, maybe that was just to show it was being done in close proximity to our site.

How's the head?
Tex

Interesting presentation update.

Hopefully news today or early next week confirming the next phase drilling has started.

The issue is the accelerated revenue decline. $1bn top line reduction in three years! 11.3% decline on the interims and if the company don’t pull something out the bag in the second half and get the decline below 10% we will be seeing low £2. The fact they refused to give any future market guidance concerns me.

Time for a change and a new leadership team actively communicating with the market and articulating a clear strategy for the company.

Agreed, I think this is still off the radar for many and also the nature of the company can be a bit confusing given their interests and diversity...

that said, positive news flow will soon change things.

This will 'pop' soon and move north at pace. the charts are looking pretty good IMO. Lots of room here from a mcap perspective and lots of news in the short term pipeline...

Good to see strong buying into the little tree shake earlier. Just need to break 30p and establish a level of support there.

Tex

Lots of delayed decent big buys. the cats out the bag.
Could be a leaky ship.....