Micro Focus Share Discussion Threads

[montyhedge] 14/8/2020 14:23

They say profit warnings come in three's, we had one pre-coronavirus, then one on Coronavirus and dividend pulled, is this the third coming. Just have to wait and see boys,

[montyhedge] 14/8/2020 13:50

Last year on the trading update 29th August shares were trading at 1606p then down to 1059p in a couple of days.
Surely at 305p now, they won't go to 185p will they?

[montyhedge] 14/8/2020 08:47

Last time trading update on the 29th August last year, shares fell 30% in one day is it going to be the same, not long to find out.

[hamhamham1] 14/8/2020 08:22

Hmmm. Desperate people, paying thousands to cross the Channel, what's new?

[montyhedge] 13/8/2020 10:46

All very quiet, awaiting a trading update, my guess around 28th August, then all hell will break loose, up or down, hopefully up, lol.

[montyhedge] 11/8/2020 14:42

I see a trade of over 1.7m at 317p early today just before a run up, hope that's a buy.That's chunky.

[dr knowledge] 11/8/2020 14:29

Yes, I am keeping a very, very close eye on the short positions but at least their feeding frenzy seems to have stopped early July.

[montyhedge] 11/8/2020 12:30

Under 0.5% don't have to report position, but if say 2% they have to report of course, if they reduced position it would show.

[enormouswillie] 11/8/2020 12:29

This has got £10 written all over it!

[clunes100] 11/8/2020 12:18

Monty - how accurate is the reporting of short positions and I note that they do not track below 0.5 and two of the short holdings are mighty close to that.

Could it be that the shorts have already closed? It has simply not been reported?

[montyhedge] 11/8/2020 11:54

Dr knowledge
Would be good if these hedgies who are short around 12m shares between them started to close positions. They have not increased short position since 14th July.

[orange1] 11/8/2020 11:07

Dr knowledge to monty : Aug '20 - 10:16 - 7698 of 7699

Quiet here. No idea where you get the 350 from ....


Lol!

He's a demented bingo caller. He doesn't get his figures from anywhere. He just calls them out randomly. He's got a side line in dates. Currently he is calling out random dates for the next trading update. It's what he does.

And when he's not doing that he tells you if it's a risk on or a risk off day. Also totally useless.

[montyhedge] 11/8/2020 10:37

Trading channel looks like 400p to 500p to get us there need a half decent trading update, my calculation around 28th August should be an update, may be wrong on that though.Of course any mention of reinstate of the cancelled 58c dividend for the future, they would fly. It's quite rightly been shunned by income investors for now.

[dr knowledge] 11/8/2020 10:16

Quiet here. No idea where you get the 350 from but 315 was the bottom point of the downward channel so the hold & bounce from there augurs well. Ditto RSI has reversed & there are quite a few big gaps to fill before we hit the upper level of the downard channel (which we are still in) So as you say, even a whiff of good news could see marked movement. Also 5 days of consecutive rises - must say I'm surprised at that but if you look at the performance of the US Tech 100 (been trading it near every day), little surprise that this is being US led. My only worry is that the Tech 100 is due a correction, BUT as MCRO has been largely ignored by the tech lovers to date, if/when it happens they might just transfer some of their profits our way. ;-)

[montyhedge] 11/8/2020 08:55

In my opinion trading range should be around 350p, until news or trading update, all it needs to push on to 450p is one positive rns.Short hedgies have not increased bets and still short of 12m shares since 14th July, I suppose that bodes well.

[clunes100] 10/8/2020 18:53

Gap seems to have increased between the UK and US prices for MCRO, at 328p in the US that bodes well for us tomorrow, let's hope the steady climb continues.

[montyhedge] 10/8/2020 13:49

My guess is a trading update around the 28th August, now even slightly positive update would be good, because Micro been hit hard by bears and shunned by the income investors, we could see back to 450p quite quickly, you know fast Micro moves up and down.

[clunes100] 10/8/2020 08:44

Even if or when there is a second round of Corona, I don't think we will see the same lows on MCRO, the Board were quick to hit the market with a 1bn write down and stop the dividend to strengthen the balance sheet. Tech stocks should do better than most and many seem to forget that this is a profitable business with effectively a very large forward order book with contracts and embedded software.

This share has fallen a long way from its highs and I firmly believe we are seeing a recovery, easy as we go until a solid update or good news along with a revised dividend policy.

[ozzmosiz] 10/8/2020 08:40

Got a way to go yet. It was over £4 last month

[stdyeddy] 10/8/2020 08:09

Beginning to look like a genuine reversal here. Will it last?

[hamhamham1] 07/8/2020 16:01

I said if 2nd round of corona happens, then this will hit 2 quid. If it did, it would, if it doesn't, it won't.

[montyhedge] 07/8/2020 15:41

Trading update usually around 28th August. Let's hope some good news, shareprice will tell us before, shareprice talks, up or down, always someone knows more than us.

[dr knowledge] 07/8/2020 15:23

You must have had a few pints when along with Sr2 you predicted this was heading for new lows (£2 for Sr2) couple of days back. ;-)