Micro Focus Dividends - MCRO

Micro Focus Dividends - MCRO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Micro Focus International Plc MCRO London Ordinary Share GB00BJ1F4N75 ORD 10P
  Price Change Price Change % Stock Price Last Trade
9.40 3.76% 259.30 13:06:01
Close Price Low Price High Price Open Price Previous Close
251.10 262.80 251.10 249.90
more quote information »
Industry Sector

Micro Focus MCRO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

montyhedge: Let's hope hint of reinstatement of the dividend they cancelled last minute, with the trading update then 350p no problem. That was 58.3c they could easily pay that with the Finals.Looks like companies re introducing dividends.
stormcoming: Then you haven't been paying attention. There's nothing extraordinary here; just standard short manipulation. Transfer of cash from private weak holders to the hedgies. The hedgies sell £30k, £40k etc, pushing the share price down until it triggers stops, creating more selling momentum. Any time it stops, bang in some more sells and then watch it continue sliding. At the end of the day, post-close, the hedgies buy back to close their book. That's why there's so many big buys after the close; seeing them most days. Anyway, next day, repeat. And the next day. Down down down.They're getting away with it because the weak MCRO management team is not keeping their eye on the share price. Business looks like it's gone bust from the share price. If I were a customer of MCRO now, I'd make them wait for as long as possible before paying any invoice, in case they suddenly go broke and stop delivering service. This is the problem with having execs who are inexperienced in fronting a public company, and/or people who are incompetent and lazy. Current CEO needs to start producing some news flow urgently before the shareprice cripples the business. Either that or he should be exited so that someone more suited to running a public company can get a grip on things.
dplewis1: Lol.. FTSE goes up, MCRO goes down.. FTSE goes down, MCRO goes down. Nasdaq goes up, MCRO goes down.. Nasdaq goes down, MCRO goes down. I didn't really pay much attention to the stats module at university but I'm sure I've found a pattern
dr knowledge: Doubly flawed if you have any knowledge of Pareto analysis! Yes, MCRO has lots of "small" customers, but it also has 98 Fortune 100 companies and a wealth of customers in the FTSE 250. It is the former two that generate over 80% (80:20 rule) of MCRO's revenue, not the 1000's of SME's. This might cheer us up, hard to believe it was written in Feb 19, but it does capture the essentials! ;-) hxxps://www.sharesmagazine.co.uk/news/shares/why-unfashionable-tech-firm-micro-focus-is-storming-the-ftse-100-leader-board-today
clunes100: Even post covid we are still around the all time low since 2007, the current price does not make sense the upside has to be worth a punt. Perhaps we should email the press office to get some decent email/RNS out to help stop this share price drift. I notice that several times in the past MCRO have made a bonus dividend in the October/November timeframe, perhaps we'll see a sudden return of the dividend to repay long termers - always hopeful, if not a little frustrated by MCRO's current share price
clunes100: If there are no more major nasty shocks and we get a stream of good news such as profit and cash generation in the results, reinstatement of a prudent dividend whilst demonstrating a sensible paying down of loans, along with contract wins, cost reductions, director's buys, share buybacks and even takeover bids - we should be in for an interesting ride. The Guru article says it all, the fact is that MCRO starts paying a dividend again, many punters will return and even if the share price were not to respond, where do you put your money to get some sort of decent return? This business has customers, long term contracts and generates significant free cash. There are many businesses that have swallowed a bad acquisition and most eventually recover and often stronger after rationalising their business.
clunes100: The non payment of a dividend has made the balance sheet stronger which is surely good news and allowed the repayment of some debt. The cash and long term management of debt facilities combined with cash generation and a low sp, also increases the possibility of a take over - potentially good news. I know MCRO has been seen as dividend/income share but short term the BoD's quick actions post Covid have strengthened the company and made it more resilient to market or virus shocks. In time, I hope the dividend returns but based on a sound balance sheet. What we need is further good news in terms of new contracts, decent sets of figures, along with director buys, buybacks and revival of the dividend which will all help the share price The US Tech stock sell off is a concern although the us price is still 2.75% above the UK price even after a fall yesterday, there could be a negative effect today as we go into the weekend but again that depends on the markets understanding of MCRO's business model which is based on embedded software and long term contracts, hence the decent cash flow. Money coming out of shares usually needs somewhere else to go let's hope that yesterday's RNS encourages it in this direction!
montyhedge: Today's rns best news for nine months. The dividend of 58.33c that was pulled last minute because of coronavirus uncertainty, to me is nailed on next set of figures, could we have a special dividend to make up for the pulled dividend has well.
montyhedge: Interesting if some companies start doing this I see Direct Line, paying a special interim dividend saying a full catch up of the cancelled dividend. Now Micro Focus were paying 53c dividend then of course cancelled because of uncertainty over corona virus. Could we see next set of figures a special catch up dividend.
clunes100: Simplistic view - ham1 Yes the write off is a signal of some contraction but given current pandemic, this is not surprising and you could argue the BoD has been prudent regarding the non payment of the dividend. However, the MCRO business model involves a lot of long term customers with on-going contracts and it appears MCRO are continuing to acquire other businesses. The company is developing 500 new products a year for its customers. So yes these are difficult times but the company is spinning off cash, more than enough to service its debt and pay a dividend and it will continue to do so because of its service contracts, product development and winning or acquiring business.
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P: V: D:20201023 12:21:03