Micro Focus Share Discussion Threads

[umitw] 29/8/2019 08:30

4-6 % drop in Revenue doesn't equate to 30% plus drop in share price IMO.

[bonio10000] 29/8/2019 08:30

Good to see they have been buying back shares at far higher prices and destroying share holder value.

Jeez.

Idiots - could have just voted a dividend ffs.

[firtashia] 29/8/2019 08:29

The timing of Loosemore's sale of £12m of shares a month ago at £17 was rather fortuitous. Let's see if he refrains from adding at this new level in the interests of diversification.

[pottsypotts] 29/8/2019 08:29

So they revise down 2% and are on a low P/E ratio so why the 30% drop? Punishing market ? Had them on my watch list and luckily ( for a change haven't bought in yet )

[umitw] 29/8/2019 08:21

Wow didnt expect 28% drop

[umitw] 29/8/2019 07:55

Sorry, should read not a good news so far!

[umitw] 29/8/2019 07:37

It a good news so far!

[umitw] 16/8/2019 09:33

Still no trading on LSE...!

[tickboo] 13/8/2019 14:36

Depressing drop here, was doing to well the Friday before last.

[redips2] 19/7/2019 14:22

Now on my radar... but gaps still to close.

[woodhawk] 17/7/2019 15:02

I hadn't noticed the news that the share buy-back program had started today!

[rickyy] 17/7/2019 11:52

yes indeed, time for a top up.

[umitw] 17/7/2019 11:22

I think I will buy some more at this price.

[phillis] 17/7/2019 10:41

annual divi headed for 180c
Cash aplenty for buybacks
Underpriced at current levels

[woodhawk] 16/7/2019 17:47

In any event, they were sold at prices rather higher than at present. I make it an average of circa £17.83 that they thought worth paying for a consideration in excess of almost £11.6M. So, I'm quite happy to buy for about £1 per share less than that ;-)

[umitw] 16/7/2019 17:23

I think people sold thinking 11. million shares would be on the market for sale. In fact it was transferred to Fidelity private clients. Hopefully it should ok now.

[woodhawk] 16/7/2019 15:53

Nice to see a little blip up... at last. Bottom in?

[ilovefrogs] 15/7/2019 18:05

Mixed meassage this one for me - Always worrying to see a key director selling shares. That said, I completely understand his reasons, and if believed do not reflect a deteriorationn in the company's prospect, but I suspect his sale is a big reason why the stock has fallen so far. I personally thought the results were fine, particularly the free cash flow generation which will bring the debt down quickly, and allow further dividends and special dividends. On this basis, I am a strong buyer at these levels, just as I was below £3 in 2011, and £9.50 in March last year.

[umitw] 15/7/2019 11:13

Well, he is 60, so fair enough. He may want to invest in other investment styles, property abroad etc.

[orange1] 15/7/2019 11:08

The shares he sold on 10 July might well have gone to FMR whose holding reached 17.3m shares on that date.

[orange1] 15/7/2019 11:02

That Kevin Loosemore statement in full:

“Following the publication of our interims, I have taken the opportunity to sell some of my shares in the company.

“Until now, all of my assets have been held in Micro Focus shares. Having recently turned 60, it is time for me to diversify a little, although around half my personal wealth remains in the stock.

“As executive chairman, I remain committed to the business as we continue to execute our established business model. Micro Focus has tremendous opportunity to prosper and to increase value and I will continue to work to deliver that.”

[andyalan10] 15/7/2019 10:10

Can very much see why the market doesn't like Kevin Loosemore's share sales

hxxps://www.investegate.co.uk/micro-focus-int-plc--mcro-/rns/notification-of-transaction-by-pdmr/201907150700064565F/

To sell with the share price at a 6 week low, and then sell twice as many again the following day when you've moved the price down by 5% says far to much about his view of the short term outlook.

Also "to diversify my personal wealth" sounds a bit feeble, didn't a 15% capital return a few weeks ago do quite a lot of that.

Holder, was considering topping up, will wait a while now I think.

[umitw] 15/7/2019 09:37

Another 5 % down today.!

[ali47fish] 12/7/2019 07:33

fmr increases their holding to above 5pc

[shaker44] 11/7/2019 17:07

Yeah only because any new message comes up in my email. But you are right. I will unfollow now. Best of luck to all who sail in her...