Micro Focus Share Discussion Threads

[scepticalinvestor] 28/7/2020 13:24

My thoughts exactly, although sacking him is a tad harsh.I think he can only save face by making a large £100k+ share acquisition on the open market. Pity as for me, this does / did have all the signs of a great turnaround but with the CEO selling, it now points to a different, negative outlook.aimho

[stdyeddy] 28/7/2020 13:12

You are missing the point; it is not 'fvck all' if you're the ceo. He has the choice of selling shares at £2.82 or using his cash to pay the tax. And the ceo would rather keep his cash. That is the wrong attitude for £100's worth or a million pound's worth from the leader of this business. He knows that every one of his share transactions is reported. It's a stupid decision. And mcro needs directors who make good decisions, not stupid ones. He needs sacking in my view.

[stdyeddy] 28/7/2020 13:01

The ceo selling shares is a symbolic act. Every director knows this. No director should sell shares in the company they run, unless they are absolutely flat broke because their wife is divorcing them, or they've lost a fortune in some other investment. In other words, a really, really strong reason. Selling £12k's worth when the share price is already depressed means that this particular ceo is not interested in the investment community. And someone running a large listed company who thinks that way, should be running a small unquoted company, and paid a salary to match. And that is the destination that this company is being dragged to, just at the moment. My view is that micro does not need a stupid, careless ceo, and the salary being paid to him would be better spent on a clever, astute, dynamic leader who can make something of the company. The leadership needs to change. That should be obvious from the share price trajectory, the profits, AND this little matter of selling shares at the wrong time.

[hamhamham1] 28/7/2020 12:45

Director buys and sells just accounting processes usually. Maturing discounted shares from yesteryear or sim, e.g. tax covering.

[fuji99] 28/7/2020 11:56

scptica/ozz - Why not comparing ? We are comparing the EFFECT on shares of Sofcat director selling £1.3 million of its company shares and yet kept going up. We are not comparing what the companies are doing.

[sr2day] 28/7/2020 11:29

monty,can you tell Loosemore that these are under £3.Just in case he does not know.let,s see whether he has another £500k to buy some more.these must be dirt cheap to him.

[scepticalinvestor] 28/7/2020 11:00

Touche!!!!

[scepticalinvestor] 28/7/2020 11:00

Lol touché

[ozzmosiz] 28/7/2020 10:56

Thats no way to talk about Softcat

[scepticalinvestor] 28/7/2020 10:25

You can't compare - Softcat is in a different league, no different planet, to MCRO.It's like comparing Amazon and Enron

[ozzmosiz] 28/7/2020 10:19

Fuji indeed. It was a tony amount of shares in the scheme of things, to cover the tax. I see zero issues with that. Ive covered share options tax by selling a few before

[fuji99] 28/7/2020 10:15

If this logic holds, where would be the share price of Sofcat (SCT) when a director sold £1.3 million in shares ? Since then, the share price kept rising to almost new high. Here a handful to cover tax is a drop in the ocean.

[scepticalinvestor] 28/7/2020 10:11

The key point here is that the leader of this firm does not think it is worth holding on for a higher price.If he does not consider shares are of value at this level, why should the market?

[gerardp] 28/7/2020 09:53

Not when there is an imminent profit warning or sending out false signals.

[ozzmosiz] 28/7/2020 09:48

Should directors hold on to shares forever?

[gerardp] 28/7/2020 09:45

Loosemore(spit) sold a massive load of shares @£1750 prior to the collapse - claiming he needed to 'diversify'.

The amount he bought back was a token in comparison.

[ozzmosiz] 28/7/2020 09:38

Jeez anyone would think the guy had sold £100s thousands of shares.

[mustau] 28/7/2020 09:37

I would take more notice if they bought now!

[montyhedge] 28/7/2020 09:36

I would take more notice of directors buying 2 million pounds at 786p.Loosemore has he walked out the door bought 500,000 pounds worth.So a Ceo selling a tiny amount for a tax bill, relax boys.

[mustau] 28/7/2020 09:36

Would have expected directors buying at these prices not selling, certain red flag. Credibility eroding very quickly.

[fuji99] 28/7/2020 09:33

A handful of shares bought or sold won't make any difference. If the likes of CCC and SGE flag up improvements during the lock-down period, I have a feeling MCRO will follow, knowing it has a great technology for corporate business continuity and cloud. I am expecting the sentiments to change very soon.