Ripley94
04 Feb 2020
Over reaction? MCRO… XXXX That must be up there with my worst buys a drop of 22% the morning after . Never buy in the red Sami said a few months back !!! 770p todays close.
Tenobas
04 Feb 2020
MF Problems The cash flow has come down to about $500m. The investment is indeed about $300m The debt is virtually unchanged at $4.8 bn. So the situation is marginally worse than it was before which was hopeless.
Ripley94
03 Feb 2020
Over reaction? MCRO… XXXX Topped up ( D ) @ 995p Seems a long time since George ( S ) liked it back in July 2019 @ twice the price !!! looks like the return of capital in may 2019 was @ 500p . ( A tenth of my buy today in volume ) paid out at that price. It has been hovering around this price since the end of August 2019 .
Tenobas
13 Nov 2019
Range bound The share price has entered a very narrow trading band. IMO this is because the following wind of tech tracker funds getting bigger balanced by long term holders not believing in improved prospects for this company who are selling into this.
Tenobas
01 Nov 2019
The magic 1000 support point? How often does a support point coincide with a round number?
cashpharma
30 Aug 2019
Over reaction? I’m starting to get interested, at least the company is being honest about its failings but a better explanation of what’s gone wrong and how they can fix it is needed. They sell software licenses mostly in US I think. I wasn’t aware of a recession in the US just yet. They just to be a lean effective machine hoovering up modest acquisitions now what are they?
Ripley94
29 Aug 2019
Over reaction? MCRO… XXXX Good job i am not taking broker advise 35% fall here today can buy @ 1050.
Tenobas
29 Aug 2019
MF Problems 1+.92 +.922 + .923 … +.92**15 = 9.2 So total cash flow over 15 years will be 5,5bn.
Ripley94
31 Jul 2019
Over reaction? MCRO… XXXX Return of capital mid may it dropped to 1746 then. big fall to july 2019 bottom 1657 , pulled back a little since… ( G 1950 … 2180 ) 1650 !!! Today 1735.
Ripley94
15 May 2019
Over reaction? MCRO… XXXXX Return of capital yesterday ( S ) and consolation have less now. Mark as a sell ?.
Tenobas
14 Feb 2019
MF Problems A business model like this relies on deriving a profit from a declining revenue stream. All software products age in the sense that they become slower/less reliable and they are also superseded by new products. I think that it is a problem that it is not possible to stop investing in these products. Some investment will stem the decline in revenue but lots will not be worth it. Similarly it becomes necessary to buy out the competition in order to protect the revenue. Sums of $300m p.a. are entirely possible. Another problem is that it is difficult to predict the revenue decline from just a few years worth of sales figures – In individual cases problems build up and the final denouement whilst inevitable will only be years later. To try and get some idea of the life of these revenue streams one could look at the share price of IBM over the last 20 years. IMO this shows that the effects on revenues can be delayed many years. It also suggests that revenue life time approaches 20 years which for MFI would suggest that say 10 years remain. I suspect that IBM products are of a higher quality than the bits and pieces MFI have put together. One has to ignore the comprehensive income statement and look at the cash flow which is currently about $600m. IMO this is insufficient to pay off $6500m of net debt plus $7000m of market cap. Unless you believe in the long term development potential of MFI products this is a basket case but the final problem is that the very business model precludes the development of truly innovative products.
Ripley94
09 Sep 2018
Over reaction? MCRO… XXXXX In hindsight would of been profitable to top up when i last posted March 19th 912p then 1286p now i make that 40% bounce back. David simply tells me market always overreacts. ( Maybe not so wise with shares your not in or know )
Katonga
13 Apr 2018
Elliot Management Stake Anyone have any details yet ?'
cashpharma
22 Mar 2018
Re: Broker targets I'm with team Deutsche Bank on this one.
richard599
21 Mar 2018
Re: Director buys "Steer clear for 6 months ...."which time it could be heading back to the FTSE250.R.
