Micro Focus Share Discussion Threads

[scepticalinvestor] 27/8/2020 10:05

TU tomorrow imo.Expectations are dire looking at the share price

[montyhedge] 27/8/2020 07:49

Yes I suppose no news could be good news.Last year on around this date, perhaps they had to give a trading update, seeing revenue forecasts were going to be missed.

[gerardp] 26/8/2020 20:41

Management decided to officially report every six months so no news is good news - unless Murdoch has further bombshells to drop like the internal IT system has been delayed further to 2025 and more costs incurred.

The quarterly reporting should be reinstated to ensure Murdoch is not playing with his fiddle (or bagpipes).

[montyhedge] 26/8/2020 19:47

Don't know only guessing perhaps not, but last year, Thursday 29th August.

[kenmitch] 26/8/2020 19:16

Monty.

Are you sure there will be a trading update? They issued one this time last year as they had no choice; a profits warning. They did not issue a trading update in late August 2018. That year in late August they started what turned out to be very wasteful share buybacks, around £13.50.

No trading update soon would be reassuring insofar as absence of another profits warning would be good news. Even better would be a late August update, but this time because of their need to issue “better than expected” news. Not much chance of that though!

[montyhedge] 26/8/2020 18:10

No, I want to see update, if good of course shares will go up, rather pay 10% more, I really like Micro but want confirmation things turning around, rather unlike the bulls last year on update lost 30% in one day.

[scepticalinvestor] 26/8/2020 17:33

I take it you are not invested here monts?

[montyhedge] 26/8/2020 14:47

I reckon could be a trading update tomorrow, last year trading update was on a Thursday 29th August. If it is let's hope not like last year. shareprice down 30% on it.Bulls good luck.Of course all guess work.

[montyhedge] 26/8/2020 09:06

Wonder if a trading update out tomorrow?

[montyhedge] 25/8/2020 13:18

dplewis1
You could be right all baked in, not rocket science revenue must of been hit due to Coronvirus, companies holding back.
29th August 2019 shares were 1627p trading update comes out, bang, straight to 1054p.
So now at 309p you could argue its all baked in the price now, even if they disappoint.

Like I said its very hard to call this one.

[dplewis1] 25/8/2020 13:09

Well I have a long from 300p with a stop because I think it's baked in already and any positive noises will be well received by the market

[sr2day] 25/8/2020 12:34

the other thing that is difficult to call is when you will shut up.

[montyhedge] 25/8/2020 12:27

We can guess Coronavirus has hit revenue, companies holding back, will we get like 29th Aug last year, they won't meet guidance for the full year, probably about right I would have thought.What we want for bulls is, revenue may be down say 6% can live with that in these coronavirus conditions, but see light at the end of tunnel and perhaps news on a final dividend.It's a very hard one to call.

[sr2day] 25/8/2020 11:56

lewis,i have.just waiting for monty and the update.and if he is right about it collapsing 30% the share price will be around 200p.he could be right this time.

[montyhedge] 25/8/2020 11:55

Salesforce gets into the Dow index today. Superb CEO, if Micro Focus had him Micro Focus would be back to 2500p.Micro Focus perfect fit for Salesforce and they are looking for acquisitions.https://www.investing.com/analysis/salesforcecom-q2-earnings-growth-by-acquisition-in-focus-as-shares-rise-200535066

[dplewis1] 25/8/2020 11:52

Hit the bid at 310 on Spreadex then.. 110 points of profit waiting for you

[sr2day] 25/8/2020 11:38

micro will be 200p before anybody thinks about it.

[montyhedge] 25/8/2020 09:50

Gerardp
Don't want Micro Fous bid for at this low level, it would be like someone buying 20 pounds notes for a pound.

[gerardp] 25/8/2020 09:48

Software giant Aveva buys OSIsoft in $5bn mega-merger - 'transformation deal' according to Aveva CEO. Heard that one before.

At least deals/mergers are back on the menu.

[hamhamham1] 25/8/2020 09:30

That's when he wants to buy back in :)

[dplewis1] 25/8/2020 09:28

So you keep saying..

[montyhedge] 25/8/2020 09:17

Everyone wary going into this trading update, if they give one.Once bitten twice shy after 29th August last year, down 30% on update.

[dr knowledge] 25/8/2020 08:18

It's the US taking the lead at the moment (up 5.8% yesterday), we are playing catch up. Interesting to see how the former will play out today. ;-)