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MCGN Microgen

367.50
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Microgen LSE:MCGN London Ordinary Share GB00BVVHWX30 ORD 6 3/7P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 367.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
365.00 370.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 367.50 GBX

Microgen (MCGN) Latest News

Real-Time news about Microgen (London Stock Exchange): 0 recent articles

Microgen (MCGN) Discussions and Chat

Microgen Forums and Chat

Date Time Title Posts
05/4/201915:45microgen1,041
10/11/200517:32MICROGEN - a MICRO-GEM?207
08/7/200319:10Microgen - its electriccccccccccccccc30
18/12/200215:06Oversold>>>>> ahead of interims24
27/6/200217:22Any Views on Microgen ?11

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Microgen (MCGN) Most Recent Trades

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Microgen (MCGN) Top Chat Posts

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Posted at 25/3/2019 14:47 by shauney2
Good results. Revenue up 12%,profit up 9%,EPS up 8%,divi for the year up 6%, net cash up to 17m.

All overshadowed by plans to demerge Financial Systems from Aptitude and float it on AIM and MCGN to change its name to Aptitude.
Posted at 24/7/2018 12:26 by firtashia
Here's my theory, FWIW. MCGN's growth was forecast to temper in FY19 compared to FY18, however MCGN has recently had a habit of beating forecasts. The seller was probably waiting to see if an "ahead of expectations" TS would be issued in early July, like last year. When no such TS was issued, the seller concluded that growth was "in line" and that MCGN was on too a high valuation with respect to its FY19 growth rate, hence began selling. It's one possible theory because its what I thought myself at the time, and if I can think this up then I'm sure loads of others would have had the same idea. I didn't sell out though, probably wish I had done in order to try and trade it, but I'm still confident in the long term success of the business.
Posted at 31/5/2018 21:14 by exbroker
And index buyers coming to a share price near you soon!!
Posted at 12/2/2018 19:28 by valhamos
Good early win for the new IFRS 17 product
Posted at 18/1/2018 08:14 by janeann
yes looks pretty decent to me. Somewhat subdued reaction in the share price tho!
Posted at 27/11/2017 08:24 by shauney2
Not sure where that trade came from but its given the price a kick up.
Posted at 31/8/2017 16:57 by shauney2
Businesswire
Aug. 31, 2017, 04:00 AM

Aptitude Software (Microgen plc) Acquires RevStream, Pioneering Enterprise Revenue Lifecycle Management Company, to Form the Global Market Leader in Revenue Recognition and Management



Aptitude Software (Microgen plc), the fastest-rising financial software specialist, today announced the acquisition of RevStream, the market innovator in revenue accounting and management.

Aptitude will add RevStream, the cloud-based, enterprise-grade ASC 606 and IFRS 15 revenue recognition solution to its portfolio of record-to-report specialist finance applications. The acquisition provides CFO’s with a partner that can address their many strategies and ambitions in an era when back-office ERP systems don’t support changing business models and the aspirations of financial executives.

Over the last fifteen years, the monumental shift to new high-volume business models and forceful changes to accounting rules have impeded CFO’s who want to go beyond the traditional accounting role and deliver rapid, forward-looking information and insight into their businesses.

Recent research reports show that CFO’s in all industries are affected. For example, the FSN Future of Finance Function Survey (2016 & 2017) found that 52% of finance teams spend too much time on manual transaction processing and 70% of organizations are yet to make headway in gaining ownership and control of all the data they need for effective business partnering.

Accounting for a high-volume of complex products makes delivering financial transparency a weighty burden on finance teams who work nights and weekends to just deliver statutory reporting to stakeholders such as regulators, CEO’s and investors.

Added to finance’s workload are new forceful accounting requirements brought on by the Enron scandal and 2008 financial crisis that have changed how companies must account for revenue, financial products and leases.

In the case of revenue recognition, public companies must adopt new revenue recognition policies by 1 January 2018 – a change that has been described by one former CFO as the biggest change to accounting in over twenty years. Private companies must adopt these same accounting policies by the beginning of 2019.

Unfortunately, with only months to go, only 13% of companies are more than 75% complete in the implementation of the new standard, as per a July 2017 survey from PWC. This means that over the next five years, In lieu of solutions such as those offered by Aptitude Software and RevStream, companies will face:

Hugely increased manual workloads to deliver statutory reporting to regulators, investors and management
Costly audits and potential litigation for companies that can’t provide evidence of compliance
Reduced investment for those that can’t show comparability of earnings to new industry standards

Since 2015 financial software specialist Aptitude Software has taken a leadership role in enabling telecommunications operators to address IFRS 15 and ASC 606 revenue recognition requirements. The company’s customer roster includes three of the four largest North American telco’s amongst numerous other leading global operators. When including RevStream, the combined company accounts for almost $1 trillion in revenue.

The acquisition of RevStream extends Aptitude’s leadership in revenue recognition and adds to its North American presence (where 50% of Aptitude’s existing H1 2017 revenues derive). Importantly, the move gives Aptitude reach into technology, media and other sectors beyond its traditional footprint in financial services, insurance and telecoms.

The RevStream acquisition extends Aptitude winning product portfolio which includes solutions spanning compliance (i.e. IFRS 9, 15, 16 and 17), operational accounting, enterprise revenue lifecycle management, financial data integration and financial calculations. The portfolio provides CFO’s with a clear path to enhance financial control, automation and insight.

"Aptitude’s success has traditional come from our ability to help CFO’s rapidly process a very high volume of complex, business event-driven transactions and calculations” says Tom Crawford, Aptitude CEO. "With RevStream, we can offer a broader operational finance cloud platform for revenue management to mid- and large-sized companies at a time when new solutions are so desperately needed.”

About Aptitude Software

Aptitude Software delivers specialist financial applications to equip Chief Financial Officers (and the finance function) to fulfill their strategies and ambitions.

Our software helps finance to supercharge control, reporting and analysis processes. What's the secret sauce? Well, we're finance experts who develop finance-centric solutions to control and automate complex accounting processes. This enables our customers to free time from traditional accounting roles and inject rich data & insights into their businesses.

We deliver critical finance functionality to many of the world's biggest, most competitive companies.

Aptitude Software is a Microgen plc company (LSE: MCGN).
Posted at 31/8/2017 09:42 by djbilywiz
Yes, very good news. MCGN has been a great investment for me and the growth looks set to continue.
Posted at 15/5/2017 08:24 by shauney2
From Citywire

Citywire AAA-rated small-cap veteran Dan Nickols has ramped up a recent run of purchases in wealth management and accounting software specialist Microgen (MCGN.L) as its shares continue to climb.

Nickols increased his holding in the business from 3.8 million to just over five million shares, a stake worth £16.8 million at a share price of 334p, which has risen threefold since early last year.

Most of the shares are held in his £1.1 billion Old Mutual UK Smaller Companies fund with the remainder held in his colleague Nick Williamson’s £188 million Smaller Companies Focus funds.

In 2016 results Microgen chair Ivan Martin hailed ‘record numbers’ of new contracts signed in the year, driving revenue 35% higher to £43 million, and its operating margin 30% higher at 15%.

While consistently rating the business a buy, analysts at Investec have struggled to keep pace with the rally, which has already outstripped a late April price target of 330p.
Posted at 27/3/2017 09:12 by shauney2
From citywire

Old Mutual manager Nick Williamson has upped his stake in wealth management and accounting software specialist Microgen (MCGN) as its share have spiked to a post tech-bubble high.

Williamson increased his investment from below a disclosable level to 5.5% of the business worth just under £9 million at a share price of 268p, the highest since April 2001.

The shares are held in the £173 million Old Mutual UK Smaller Companies Focus fund.

Microgen has shot up 16% this month alone, capping an 82% climb over the last 12 months. The latest leg up followed 2016 results showing revenue 35% higher at £43 million and profit 26% higher at £9.5 million. The company upped its full-year dividend 19% to 5p per share.

The rally has taken it to within a sliver of Investec’s recently-confirmed 270p target price however, on a price multiple of 27 times last year’s earnings.
Microgen share price data is direct from the London Stock Exchange

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