||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Macro 4 (London Stock Exchange): 0 recent articles
|bostonborn: When are the next set of results due, last year they were about this time of year? They ought to be positive if the share price movement is any thing to go by. Any comments welcome.|
|adriand: I agree about the deferred revenue being prudent. I will disagree about the positive NAV for MAO. (correctyion - see later post)
Share price has held up well today so good for MAO and its investors.|
|gzr: Up 20% now, someone has just bought 8000 @65p, 5p above the offer! I averaged down this morning, the statement is not as bad as the recent decline in share price had suggested. Generating cash, £20m recurring revenues, new contracts and debt is being reduced. If things pick up, the shares could bounce very strongly. Any thoughts, anyone?|
|jungle bunny: Why continuous buying but the share price keeps going down????|
|cocker: oversold since the profit warning & will still make a profit for the year.Has cash on the sidelines,pays decent divi & techinvest loves them.Would'nt surprise me to see them marked up on monday coz of techinvest tip sheet out over the weekend.a big 100,000 sell now out of the way the share price may act positive to all of those recent buys over the last 10 days or so.|
|selftaught: Starting new thread to bring events up to date. Following statement Jan 2002, share price has fallen to a very attractive level in my opinion. It also appears to be attracting attention of other value players: See Citywire article 25/01/2002
Aberforth takes Macro view
The value loving Aberforth Smaller Companies investment trust has increased its stake in IT veteran Macro 4 following yesterday’s profits warning by the firm.
The Aberforth fund (ASL) has taken its holding in Macro 4 to 710,000 shares or 3.4%.
The mainframe and document management software company (MAO) lost almost 40% of its value yesterday after it told investors that when it puts out interim results next month it will report a fall in revenue of 12% to £19.4 million in the six months to the end of 2001 plunging it £1.5 million into the red.
Many of the company’s problems have come from the US where it made nearly half its sales last year.
The conditions are still uncertain but the company at least moved back into profit in its second quarter. Management is slashing costs by 10% in an effort to remain in the black.
At today’s 152.5p – well below the 436p year high set at the start of 2001 – the group is valued at £32 million, which compares with cash reserves of £4.4 million and turnover of £47 million last year.
The company is maintaining its interim dividend and the shares will yield 4% for the full year if the final dividend is also held.
If the company can return to its past form then the shares look cheap - but it might take some time.
Macro 4 share price data is direct from the London Stock Exchange