Member Info for You_Having_a_Laugh

Its a good idea to offer some return, reduce float and retire some stale bulls.

Downside is it can encourage no need to drive up sp in the interim as offer could be previous average of "x" days plus some %.

Sooner the better.

There can come a point where innovation puts clearwater between MMX and others. That will change the list of potential suitors, expand it or even reduce it.

Making it attractive to multiple acquirers will optimise price, forcing a sale won't.

Increasing attractiveness (a multi-faceted approach depending on who they want to attract) will benefit shareholders most and I think that has been ongoing but slowly.

How many potential suitors?
How to attract more than one simultaneously?

Christopher Mills strikes again.

I think we'll see decent perkiness into results, famous last words.
Sales volumes were a joke, only noticeable by their price.

People positioning for news on APF at the event in a couple of months plus the FSP.

APF news alone will be a catalyst for a re-rate.

I would agree it's a way forward, perhaps the most likley, but not the only.
We dont know what other innovation they might have up their sleeve.
A break-up might release more value or in time floating off sections when/if of an appropriate size or some innovation could be seperated out.

Sale/break-up is probably quickest way to release value. Depends how long people want to wait.

Always worth knowing when something is a speculation vs an investment.

Investors who find themselves in a speculation get burnt.
Speculators who find themselves in an investment get bored.

Anyone buying after around mid 2009 (approx) has gone nowhere since.
The opportunity cost to LTHs is very high, even compared to a basic FTSE tracker that is lower risk.

This is a pure speculation as a holding and for a decent sized LTH I don't see any divi really compensating. It's a buy now imho but not to fall in love with.

Set 20-25% stop-loss and bail when hit and look again afterwards if still inclined, better than wasting time.

I do think it a buy now though, as looks bombed out, and I hold.

Really, do you think a piffling divi will give much capital appreciation to compensate a long term holder? I don't.

Buy now if you want a return imho.

Strange Friday EOD, have to wonder if news due early next week given the rush.
STRONG BUY.

Learn to understand what you read TR.

Buybacks are sharing the spoils, read up on shareholder yield.
If I was running the show it would be consolidated to < 100M too.

It's a sitting duck to be acquired & I think that's the plan as cash on the books can only help.

7% of the market plus the innovation of which we may well not have seen all, yet.

Straight to the point at the top.

Profitable - Fast Growing - Innovative.

Begining to think he works for someone wanting the price down.
Encouraging people to move on.

A write down on some of the £115M goodwill could scare some into selling but my take is this is cheap anyway and the big sell-off earlier this year was massively over done. It allowed for the good will being written off imho.

Howard, forward look.

Results are largely prior to operational review and a reason for the review and the recent substantial managerial changes.

Keep looking back if you want but the market is a forward looking discounting machine. It's cheap here.

Results are due to previous GTM, not the new approach to market outside UK & Netherlands..

A)
"The Board expects to see an increase in both the number of new name and upsell deals, along with the associated TCV, as benefits of moving toward a consistent go to market strategy for the Group's US, French and German teams are realised."

B) Debt down and will go under 2x EBITDA. "We are encouraged by the Group's performance and especially the level of cash generation in the second half of the year. This has reduced net debt substantially and we expect this level of cash flow performance to continue as the Group delivers on the benefits identified during the operational review."

C)
More acquirer interest post announcing FSP so these approaches are in addition and a chance the results will be pulled forward from Oct 31st to accomdate formal offer.

D) Results do not account for thefull benefits of the changes made after the strategy review, GTM, management and employment changes.

Dumber!

I've missed a few good entry points waiting for lower prices elsewhere too.