Fleet transport management software group Microlise (SAAS) has issued a “H1 FY26 Trading Update” headlined “Direct Customer ARR +12% growth, significant margin recovery vs H2 2025 and strong cash performance; on track to meet FY26 profit expectations”. However a continuing around 40p share price in response compares to above 90p at the start of 2026, so what’s going on?
Most recently on software for fleet operators group Microlise (SAAS), in November with the shares falling to around 100p I noted a profit warning and questioned how much improvement is really likely for the year ahead concluding to still avoid. The shares most recently closed at 58p and what about now the results announcement?
Previously on software for fleet operators group Microlise (SAAS), in January with the shares up to 117p I wrote ‘“ahead of market expectations”, how impressive is that?’, including that even on an adjusted earnings per share basis the rating only looked reasonable and to look out for its conversion to net cash generation. The shares most recently closed at 139.5p but what of today a “FY25 Trading Update”?
Most recently writing on software for fleet operators group Microlise (SAAS), in November with the shares at 107.5p I cautioned on how ‘materially’ will trading forecasts and financial position meet expectations following a cyber security incident. The shares most recently closed well below 100p but what of them currently up to 117p on the back of a trading update?
Microlise Group (SAAS) has issued an update that, following a “cyber security incident”, “the vast majority of customer systems are back online… no customer systems data was compromised” and that it “does not anticipate any material adverse impact to its trading forecasts and financial position for FY24”. What then of a current share price response 2.4% higher to 107.5p?
Microlise Group (SAAS) has issued an “Update on Cyber Security Incident” announcement including that it “is confident that no customer systems data has been compromised” and “remains of the view that this incident will not have a material adverse impact on its forecasts or financial position”. What of a share price response currently up to 113.5p?
Shares in Microlise Group (SAAS) are currently more than 12% down today on no announcement today. However, that’s just because there was an announcement at 5:40pm yesterday (attempted no one watching o’clock?) and that titled “Notice of Cyber Security Incident”. Uh oh!
