Micro Focus Share Discussion Threads

[woodhawk] 10/7/2019 12:57

Yes, me too. Circa 5% divi to collect as well while I wait for full recovery.

[shaker44] 10/7/2019 12:52

Seems smart to me. Results were broadly ok I thought

[woodhawk] 10/7/2019 12:27

I've had a nibble this morning. Looks well oversold already short-term but I'd be tempted in for more if there's another plunge to below 1800p.

...had some more at 1813p and will average down if moves much below 1800p later.

[shaker44] 10/7/2019 12:18

Great trade Woodhawk.gonna buy back?!

[woodhawk] 10/7/2019 11:31

Well it looks as though 1800p *might* offer some resistance. share price is already 15% cheaper than I sold at 4 trading days ago!

[umitw] 10/7/2019 10:33

Moody upgrades outlook to positive , but share price dives another 7-8 % ! I dread to think what would happen if the moody said outlook is negative! -:)

[woodhawk] 09/7/2019 08:49

Low volume? Too early to tell - larger trades will be delayed, as usual.

Looks like it was a good call to get out at 2165p the other day. Nearly 10% cheaper now.

[umitw] 09/7/2019 08:34

Low volume!

[togglebrush] 09/7/2019 07:40

News feed at ADVFN is currently down RNS IS OUT
'
Key highlights:
•ɨ00;Revenue performance in line with guidance and full year guidance maintained at minus 4% to minus 6% on a constant currency ("CCY") basis.

•ɨ00;SUSE separation and disposal delivered in line with timetable resulting in a $1,727.2m profit on disposal and $1,800.0m returned to shareholders.

•ɨ00;Adjusted EBITDA margin1 increased 2.8ppt to 40.0% on a CCY basis.

•ɨ00;Transformation programmes remain on target for completion in 2020.

•ɨ00;Strong cash performance, with Adjusted Cash Conversion1 of 115.1% (30 April 2018: 96.1%) and free cash flow1 of $429.9m in the six months ended 30 April 2019 (30 April 2018: $213.7m).

•ɨ00;Adjusted Net Debt1 of $3,807.5m at 30 April 2019, 2.7 times Adjusted EBITDA, after including the $1,800.0m return to shareholders in May 2019.

•ɨ00;Adjusted Diluted Earnings per Share growth from continuing operations of 8.4%.

•ɨ00;Interim dividend of 58.33 cents per share (six months ended 30 April 2018: 58.33 cents).

•ɨ00;Profit for the period of $1,397.1m (30 April 2018: $619.7m).

[umitw] 09/7/2019 07:24

Sounds good to me!

[woodhawk] 05/7/2019 14:52

Not particularly, just had a very good run to date and not pushing my luck. Lots of other prospects currently. Good luck to holders.

[umitw] 05/7/2019 14:39

Are you expecting bad results?

[woodhawk] 05/7/2019 14:36

Yes, results next Tuesday. I took profits yesterday - looks like a good move in retrospect! If you're still holding, I guess you have rather less than 20% profit as of this afternoon. I'll take my chances after the results. A lot of profit possibly to be taken here, imo.

[mrthomas] 04/7/2019 16:17

Are the results for the half year out next Tuesday and if so does anyone have any idea if there will be a capital repayment again later on this year

I'm thinking of selling the shares that I bought before the capital redemption as I seem to have made just over 20% on them

[flatoutfred] 14/6/2019 09:48

But will there also be a dividend ?

[highlands] 29/5/2019 18:22

Looks like the sector is down. I have another one that's in the same sector and closed by around the same percentage down.

[shaker44] 29/5/2019 15:03

I am not a holder yet but have noticed that Micro often features in the Top Riser list only to be followed very shortly by featuring in the Top Faller list.
An unusual pattern, but maybe a good shre to trade?? Currently 4.7% down in today's session.
Any thoughts?

[mrthomas] 28/5/2019 15:47

I bought some new shares after I received the capital repayment and bought the met 1785 I think that in future if they do this again which they've done in the past few times I will actually sell before the capital redemption and then buy back in when the price is lower of course it depends on circumstances the value at the time but I think that's the best way have to say I'm not keen on this capital repayment scheme I'm sure if lost a lot of fun manages etc it works from a tax point of view eccetera

[umitw] 26/5/2019 17:38

Thank you for your explanation, However, this is what I had in My account. I am in profit now, but the platform I'm with they have no idea. They thought it was a divi payment.! ;-)

[philms] 25/5/2019 17:28

umitw

I don't know how many Existing Ordinary Shares you had or what they cost you to buy but that doesn't sound right.

Let's assume you had 1000 Existing Ordinary Shares and that they cost you £15,000.

You would get 1000 B Shares that were redeemed for 335.859391 pence each and following application of the Consolidation Factor (0.8296) you would have 829 New Ordinary Shares and 0.6 of a Fractional Entitlement. The Redemption of the B Shares is treated as a Capital Disposal for UK investors and the original base cost of the Existing Ordinary Shares is allocated between the B Shares and the New Ordinary Shares in proportion to their relative value on 30 April 2019, the first day of trading of the New Ordinary Shares

The B shares are worth 335.859391 pence each and the New Ordinary Shares are valued on the closing MMQ on 30 April of 1937.8 pence.

Value of B shares 1000x£3.35859391 = £3,358.59 and the Value of the New Ordinary Shares is 829x£19.378=£16,064.36 and the aggregate value on 30 April would be £19,422.95.

Assuming your 1000 Existing Ordinary Shares cost £15,000.

This cost gets allocated to the B shares (3,358.59/19,422.95)x£15,000=£2,593.78

And the New Ordinary Shares would be (16,064.36/19,422.95)x£15,000=£12,406.22

If not held in an ISA or SIPP, for UK tax payers the B Share Scheme is a Capital Disposal so based on these numbers

Proceeds. £3,358.59
Base cost. (£2,593.78)

Capital gain. £764.81

[umitw] 21/5/2019 12:43

I don't seem to have made any profit from the sale of my shares. They took enough shares to sell and deposit the money to my account. Only now the share price has risen so I'm in profit.How does this work out? -:)

[sogoesit] 21/5/2019 10:34

Ok, thanks Philms...
Makes sense.
I was wondering why my accountants thought I was correct (since the're useless)!
Lol.

[philms] 19/5/2019 21:29

Section 104 applies to holdings of the same class of share. The New Ordinary Shares and the B Shares are different classes of shares so 104 doesn't apply. You allocate the capital gains base cost of your existing ordinary shares (those listed before 30 April) between the New Ordinary Shares listed on 30 April and the B shares issued on 29 April. The redemption of the B shares is a disposal of those shares and will give rise to a capital gain or capital loss.

[sogoesit] 19/5/2019 01:50

I have never declared returns of value as income.
("Never" meaning applied to several stocks over the last decade or so).
The RoV gets rolled-up (consolidation reduces number of shares and the return ("income") reduces the base cost of acquisition) in a Section 104 holding.
Come any disposal the Section 104 calculation applies for CGT.
My accountant agrees.

This is what applies, as quoted from Post 5202:
". the issue of the B Shares to Shareholders and the Share Capital Consolidation should in practice each be treated as a reorganisation of the Company’s share capital. Shareholders in receipt of B Shares and New Ordinary Shares arising from the B Share Scheme should not be treated as making a disposal of their holding of Existing Ordinary Shares and no liability to CGT should arise, in each case by reason of the issue of the B Shares to Shareholders or the Share Capital Consolidation. Instead, the Shareholder’s resultant holding of B Shares and New Ordinary Shares should, for CGT purposes, be treated as the same asset and as having been acquired at the same time, and for the same consideration, as the Shareholder’s holding of Existing Ordinary Shares;
• upon a subsequent disposal (or deemed disposal) of all or part of the Shareholder’s B Shares or New Ordinary Shares, a Shareholder’s aggregate CGT base cost in such Shareholder’s holding of Existing Ordinary Shares should be apportioned between the B Shares and the New Ordinary Shares by reference to their respective values on the first day on which the New Ordinary Shares are listed;"