Micro Focus Share Discussion Threads

[montyhedge] 09/7/2020 15:57

Low for the year, I think they touch 299.95p back in March. The shorting hedges have the champagne corks popping.

[ozzmosiz] 09/7/2020 15:56

This time last year these were £20

[sr2day] 09/7/2020 15:47

290p looks inevitable.

[montyhedge] 09/7/2020 15:42

Declan2
Good luck I'm just seeing if I can get them at 325p.

[sr2day] 09/7/2020 15:41

one down a few more will follow.this is financial osmosis.

[declan2] 09/7/2020 15:39

Just took a 20k position here, more to come.
Gla

[montyhedge] 09/7/2020 15:20

Wow traders dream, with these kind of movements.

[martinfrench] 09/7/2020 15:12

current assets include debt ?

[ozzmosiz] 09/7/2020 15:08

Stopped out. First loss in a while.

[dr knowledge] 09/7/2020 13:27

Monty - if you believe in the story (even Credit Suisse have this down as a recovery play) then chill for a while. Once the shorters leave (and they will - plenty of others to feed on) or we get a sniff of good news or takeover (they will come - even if in rumour only)and anything approaching normal market conditions, then today's share price will start to look like the bargain of a lifetime. ;-)

[montyhedge] 09/7/2020 13:16

Interesting post on another board.

Micro hasn't seem this share price since 2006 so here's how the financials compare.

2006
Revenue:$143m
Gross profit $131.5m
Operating profit reduced by 44.4% to $22.7m
EBITDA reduced by 42.9% to $24.5m
Cash $55.9m
Current assets $154m

v

2019
Revenue: $3.3 billion
Gross profit $515.9 m Exceptional costs ($294.2)
Operating profit $221.7m Exceptional ($255.8)
Adjusted $1.362 billion
Cash $576.2m
Current assets $14.3 billion

Now I don't know if the poster is correct, but puts thing into perspective if his correct.

[montyhedge] 09/7/2020 12:16

Analyst on CNBC just said, tech and cloud are booming, the sector to be in, lol they forgot to tell Micro Focus that.

[sr2day] 09/7/2020 12:15

only 2 companies with short over 0.5%.Gladstone 1.92% and Sylebra 0.7%.Gladstone increased by 0.25% on results day which is about 836,000 shares.so about 8million shares in total shorted.

[montyhedge] 09/7/2020 09:02

Looks like Gladstone Capital increased their short on the day of the figures, no wonder down 20% on that day, shorting hedgies had a right result.https://shorttracker.co.uk/company/GB00BJ1F4N75/

[reddevils1] 09/7/2020 08:59

Take a look at the annual report

CFO owns zero shares

CEO has got his entire stake through share option schemes.

Given the massive shareholder value destruction they won't be getting anything from the option schemes for a while.

The CFO has to build up a stake equivalent to 2x his salary. This isn't going to come from option schemes. He will have to buy them. Why isn't he buying now at this bargain price? Oh yes, its because he gets to see the numbers and can see the revenues disappear each month as customers balk at being ripped off and change out their software to another provider.

The only director that bought recently was the new chairman who appears to have called it completely wrong. The only good news is that he will be very upset and will no doubt be looking to replace the CEO and CFO........Unless they start to buy some shares and show some confidence and belief in the business.

[montyhedge] 09/7/2020 07:26

I suppose it was encouraging Credit Suisse who were the most bearish on Micro, upgraded yesterday.

[ozzmosiz] 08/7/2020 23:08

He knows they have, he is making up stuff now

[watfordhornet] 08/7/2020 21:04

Has the CEO not already?

[reddevils1] 08/7/2020 19:53

I had the unpleasant experience of dealing with this company when one of our systems providers was bought by them. They jacked the price up and I spoke to the CEO and he wouldn’t give an inch. Their model was buy a business and then rip of its customers with price rises. We replaced their software as fast as we could. Looks like others did the same. Don’t touch until CEO and CFO put hands in pockets and buy some shares......

[gabsterx] 08/7/2020 19:24

"You do realise we are in the middle of the biggest pandemic of our generation"

Agreed, seems the only sector benefiting from the pandemic tailwinds is tech. If only hocus pocus Micro Focus was in this sector they could have benefited as well, oh wait...

[montyhedge] 08/7/2020 18:11

Credit Suisse raises to neutral from underperform. Said hope of growth.

[montyhedge] 08/7/2020 15:48

The two hedges increasing their bets, now that greedy, lol, they made 8m pounds yesterday if they had closed.https://shorttracker.co.uk/company/GB00BJ1F4N75/

[montyhedge] 08/7/2020 15:44

Hi just back from golf, not to bad at least a bounce.

[phillis] 08/7/2020 10:33

Try buying CCC
Business is holding up v well despite " the biggest pandemic of our generation"

[ozzmosiz] 08/7/2020 10:18

You do realise we are in the middle of the biggest pandemic of our generation