Microgen Share Discussion Threads

[valhamos] 05/4/2019 14:45

New thread following change of name and new stock code APTD

[shauney2] 25/3/2019 14:47

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.

[gleach23] 11/3/2019 13:56

Noticed that shauney - it's been on my watchlist for a trade up to results and this looks like a clear breakout - can really motor when it gets up a head of steam

[shauney2] 11/3/2019 13:09

A bit of life here before the results at the end of this month.

[gleach23] 27/8/2018 10:37

Picked up from SPE thread -

[malcontent] 24/7/2018 18:23

lovely candle today
looks like 380 support has held

Bullish

strong hold for me

[firtashia] 24/7/2018 11:26

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.

[miti 1000] 24/7/2018 09:42

Nothing to do with that. There's been a huge seller who has been walking this down aggressively for a month now . We probably need to see some very big trades to clear him out. At least , its hopefully showing signs of turning today.

[zipstuck] 24/7/2018 09:13

I think it might be due to the lack of clarity on FY and timing of contracts which may fall into this year or next. Was a bit woolly,

[alotto] 24/7/2018 08:47

I don't understand the fall of the share price with the positive update from yesterday.

[zipstuck] 23/7/2018 09:30

Conservative statement with bags of potential through big 4 partners and opportunity for wider insurance market,

[wjccghcc] 23/7/2018 07:55

Agreed. Happy to buy back some I sold in the 450s. H1 was always going to be the lull between the telecoms implementations finishing and the insurance implementations beginning to take off.

Their accounting has always been conservative as Valhamos's point shows and they've always expensed all R&D rather than capitalising it like other software companies.

Really, they should spin off/sell the financial systems part. Give a PE of 12 to Financial systems (70mm) and a PE of 30 to Aptitude (230mm) and you get a value of 510p, and that's just from doubling the H1 Operating profits with a 20% tax rate so a conservative valuation for Aptitude.

[valhamos] 23/7/2018 07:44

Growth was never going to be as great as last year, so good results.

42% growth (25% organic) in On-going Recurring Revenue Base is the stand out number in Aptitude and bodes well for future revenue.

It is good that there is a precise explanation of the increase in trade receivables to anticipate anyone questioning the accounting/debtor management.

Also the policy restatement (note 19) in the light of the implementation IFRS 15 & 16 is an interesting read - giving detail on what was said in the Annual Report and confirming that MCGN's previous revenue recognition policy was more or less spot on.

[its the oxman] 23/7/2018 07:43

Slow climb back to 500p ?

[tudes100] 23/7/2018 06:57

adjusted eps suggests around 20p for FY vs 18p forecast imo

[miti 1000] 15/6/2018 10:35

Blackrock now taken a stake in microgen. That is very good news imo.

[shauney2] 13/6/2018 11:33

You called it right Exb.Some steady buying in the last week.
Interims next month.

[exbroker] 31/5/2018 20:14

And index buyers coming to a share price near you soon!!

[malcontent] 31/5/2018 09:34

increasing profits
increasing dividend
quiet board


just the way I like it

[exbroker] 29/5/2018 19:46

Good news looks like we are going into the small cap index announcement tomorrow after the close!

[shauney2] 19/4/2018 14:57

Some steady buying the last 2 days.AGM next Monday.Possibly a trading update which would be nice.

[valhamos] 07/3/2018 21:59

Doesn't seem to be any sign of the growth in Aptitude slowing down.

[shauney2] 07/3/2018 09:17

Strong results,EPS of 17.1p is a beat.

Revenue up 46% to £62.6m 37% excluding the benefit of recent acquisitions. Adjusted Operating Profit up 43% to £13.6m. Total Dividend 6.25p an increase of 25%. Cash £19.1m.

[shauney2] 13/2/2018 16:48

Very good news.I should think there will be many more contracts going forward re IFRS.
Lots more recurring revenue for Aptitude.