Micro Focus Share Discussion Threads

[sr2day] 29/7/2020 15:33

i thought you were invested already.250p next stop either way.i thought you were a follower of monty.the no1 trader.

[dr knowledge] 29/7/2020 15:24

sr2day - just for clarity (& so that I can time my trades right) - will the £2 you predicted couple of weeks ago happen before the Nasdaq is corrected (assuming it is actually broken of course)and will the £2.50 you predicted last week happen before, after or somewhere inbetween someone fixing the Nasdaq?? All tips appreciated. ;-)

[sr2day] 29/7/2020 14:34

maybe when monty and you shut up.

[ozzmosiz] 29/7/2020 13:42

This will have its day and recover, just as BUR is

[sr2day] 29/7/2020 13:34

not until they start making a profit and the Nasdaq has corrected and this will be at least another 10% off.

[montyhedge] 29/7/2020 13:04

Looks like a low, around this 280p level. In theory should move higher, if the bears have dried up shorting. The three hedge funds short of 12m shares have not increased bet for a week or so, encouraging. Can we go higher boys.

[sr2day] 29/7/2020 09:19

tech stocks are due a correction in the US.double top on the Nasdaq.beware of bulltrap today.

[action] 29/7/2020 09:13

So they are still negative on stock but not increased their risk profile.

[montyhedge] 29/7/2020 08:46

At least the three bears, have not increased their short bets.Been the same for weeks now.https://shorttracker.co.uk/company/GB00BJ1F4N75/

[dr knowledge] 28/7/2020 22:38

Lolol! :-)

[gerardp] 28/7/2020 18:23

Micro Focus should not be paying inflated salaries/bonuses of £7.7m (2018) & £1.6m (2019) to Murdoch who still requires mentoring.

Btw Loosemore managed to walk away with salary/bonuses of £29m in 2018.

[montyhedge] 28/7/2020 16:27

Fair play to Locke his spent 1.5 million pounds on shares at 786p.

[boozey] 28/7/2020 16:00

Gerard, Lock was Chairman of Computacentre where he oversaw a successful period of share price progression, and then moved to Microfocus. My contacts advised me that Lock was a mentor for Murdoch in the early days of his career. He was therefore seen as a likely pillar of support for an inexperienced CEO. I would agree however it was not really a forward-looking appointment. The smartest man to be appointed in recent times is Robert Youngjohns and hopefully he is giving some serious decent advice to the Board.

[billwave] 28/7/2020 15:51

Well given the positive effect selling a few shares has had on the share price perhaps he should sell a few more? :-) Currently way undervalued, from here this should have only one way to go whether the bears like it or not.

[montyhedge] 28/7/2020 15:44

Even the bears know this is cheap.

[gerardp] 28/7/2020 15:31

Agree. Murdoch probably cannot believe his luck riding the gravy train. Hopefully, the institutions will force him out. Also, what was the logic in appointing Greg Lock (72)?

[boozey] 28/7/2020 15:10

Whatever the rights and wrongs of Murdoch's actions today it was not what customers or shareholders expect of a credible CEO because of the message it contains. If he makes this kind of schoolboy error it puts into question his day to day decision-making in his executive role.

Murdoch clearly threw every bit of bad news possible into the last set of results hoping to survive the fallout and then see through the recovery process.

But the problem is, notwithstanding today's developments, I am far from convinced he is the right man for the turnaround job and he indeed seems incapable of arresting the current decline. He is not a seasoned CEO. He has made a personal fortune out of Microfocus. I feel the company needs a nimble, fresh CEO with drive and energy to drive the company forward in a progressive way to new heights and who is not weighed down by the size of his wallet. All IMO

[sr2day] 28/7/2020 14:39

also i believe the dow is due a correction.

[sr2day] 28/7/2020 14:39

fair enough,your money.rather be pessimist at the moment.

[ozzmosiz] 28/7/2020 14:32

I'll stick with Causeway and their recent 5% purchase than you pessemists

[sr2day] 28/7/2020 14:25

osmosis, heard of freedom of expression.and he is right too imo.once 278 is broken and the oversold situation is unwind we will see 250p in no time.

[ozzmosiz] 28/7/2020 13:42

A free ride. Be nuts not to take that up.Other directors in at £3 and £7+ have not sold any

[lonrho] 28/7/2020 13:25

well it would have been worse if he had sold them all at least he kept some albeit at nil cost.