Microgen Share Discussion Threads

[gleach23] 22/7/2013 10:26

Agree jakedog....I'm back in today @ 139. GLA

[jakedog2] 22/7/2013 10:15

An 'in-line' statement.

Seel off early doors, due to nothing forthcoming with 'strategic update'.... IMHO

Happy to hold. Cash rich... . Personal tgt 170p after strategic review.. which will 'take several months'

Patience will be rewarded

[kjen] 18/7/2013 17:51

I noticed that MCGN is issuing Interim results on Monday 22, and that Schroders reduced holding a tad, but still has 14.9%. Given the last IMS and the strategic review, any predictions from long-term watchers of this company?

[airwalk1971] 15/7/2013 11:29

gleach...........looking like the share price could possibly reach your re-entry point. I'm a tad down on these but I'm holding. Good strong company IMO.

[gleach23] 11/7/2013 21:59

I sold up airwalk but watching like a hawk to re-enter. If it gets to 135 I'll go in quite heavy but not sure it will

[airwalk1971] 11/7/2013 13:46

Very quiet board. I guess silence is golden.

[major clanger] 12/6/2013 16:03

Broker rec change:

Downgraded to neutral (from add) by Westhouse Securities

www.brokerforecasts.com/news/article/articleId/4612443

[checkers2] 07/6/2013 19:53

And here is the relevant extract from ft. Nothing new here just confermation of the view that this is a very low risk play, with reasonable upside potential.

Because I'm battening down the hatches, I've been selling far more shares than I've been buying. But a notable exception was my recent purchase of shares in software supplier Microgen (MCG).

The company had been on my watch list for some time. It is profitable, debt-free and pays dividends. But I held back from purchasing these shares because of the lack of profit growth.

But an interesting development occurred about three weeks ago that prompted a change of heart. The company announced that its relatively small size was inhibiting growth. Many potential customers are large, risk-adverse companies who tend to favour Microgen's larger and more financially secure competitors.
The company is considering several fresh strategic options. Its list includes the possibility of selling one or both of its two main divisions. My immediate reaction was that Microgen had put itself up for sale. Other investors apparently agreed with me because Microgen's shares bounced ahead by 9 per cent on the day.
A second positive omen occurred two weeks later when heavy volume drove shares up by more than 7 per cent on a day when the FTSE 100 lost more than 100 points. Interest in this company is clearly growing.
The graph provided another positive signal. Notice that the shares just burst through an area of resistance that had been in place for almost two years. I believe there is more upside to come despite underlying stock market conditions.

[gleach23] 07/6/2013 19:16

nice headline for MCGN in this Sat's FT courtesy of David Schwartz

[gleach23] 06/6/2013 09:19

janeann....these are the sentiments of Robbie Burns, aka Naked Trader

[janeann] 06/6/2013 09:03

jimmer... agree yor sentiments. that was my take on their recent statement.

[jimmerandloz] 05/6/2013 22:29

Probably related to the most recent NT update:"Older readers may remember I made a good profit (more than £25,000) on Microgen (MCGN) a while back.Time to get back in I think! I bought some at 133.The reason? The company's recent statement where reading between the lines it has put itself up for sale and I reckon a price of 180 might do it. The company makes tons of cash - so much that it keeps returning it to shareholders but it still has mega cash sitting there and it isn't sure what to do with it. Maybe buy other companies, it says. Maybe sell off its divisions, it also says. It's looking at possiblilites right now.But whatever it decides I think it will eventually push the price up but my overriding feeling was it would be happy to quit the market for a nice bid.So my plan is easy: just sit with it. There isn't much downside in my view but plenty of upside. Patience will be required but I was very patient to make loads on it last time. Won't be so much this time but 30% will do me!"

[tech] 05/6/2013 16:31

Lot of buys today

[gleach23] 30/5/2013 10:45

max buy quantity online dropped to just 250 this morning

I would expect to be on the move again soon

[janeann] 29/5/2013 18:27

certainly does, although one does wonder why on no news and having languished for some time prior to the strategic review announcement it then makes this sudden jump.

certainly not complaining!

j

[gleach23] 29/5/2013 17:27

interesting 2breakout - thanks for pointing it out

bodes well for tomorrow

[2breakout] 29/5/2013 16:39

Big trade at 144.5p reported after the close.

[gleach23] 29/5/2013 12:11

or could be a tip I guess, given the small quantities being bought

[gleach23] 29/5/2013 11:51

I think it has to be the recent ims that mentioned the strategic review?

[gleach23] 29/5/2013 11:50

currently the max amount to buy online is 500, the max sell is 999,999

I think there is some demand about!

[janeann] 29/5/2013 11:47

would be nice to know what is driving this rise though ...........

if it had been tipped I would have expected small trades - all seem to be reasonable sizeable in the 5 - 10k range. Time will tell!

[gleach23] 29/5/2013 10:48

nice persistent buying this morning - very little stock available to buy online

couldn't resist a couple of nibbles myself :-)

[janeann] 13/5/2013 22:07

and dont forget its got 26 million in cash - after the special dividend next week

[checkers2] 13/5/2013 20:13

Yes agree country boy, in play now.

The directors here are quite "old school", they play with a straight bat -

and I don't think they would have announced this today if there had been no interest from buyers for the divisions.

Key point in todays announcement:

Microgen is constrained as a result of being a small, independent public company. As a provider of enterprise solutions in a risk-averse market environment, the size of the group can be an inhibitor given the very large enterprise software companies with which MASD typically competes.

As a result, the Board has determined this to be an appropriate time to evaluate the Group's future strategy to maximise the potential of Microgen's market-leading technology and applications and has therefore decided to undertake a strategic review of the Group.

Current market cap doesn't make the company cheap(EV/EBITDA of 7.5 at share price of 1.30)

But it could well be worth well more than the current share price in the right hands.

North of 1.80 would be very good work from the directors.

[countryboy] 13/5/2013 12:17

Looks like it might just put the company in play.