Micro Focus Share Discussion Threads

[bennya] 29/9/2020 23:32

Big bounce tomorrow, or is that wishful thinking?

[jingleton] 29/9/2020 22:10

I agree. A trader's toy at the moment. When the reversal comes though, it could be sudden. On my watchlist.

[dr knowledge] 29/9/2020 16:59

Sceptical - the volumes traded simply don't account to anything resembling a self-off - with so many shares on loan and precious few buyers this is relatively easy to manipulate. Only thing that will force them to close is either more news (especially on revenue), and/or serious fund investment.

[montyhedge] 29/9/2020 16:45

Agree, encouraging Gregg Locke spent around 250,000 grand buying shares. At least some faith from a director.

[scepticalinvestor] 29/9/2020 16:44

well if it is due to short interest as you say, it should bounce tomorrow.

[dr knowledge] 29/9/2020 16:42

Just to correct you - there is no sell-off, this is short selling market manipulation (by my reckoning c15m+ shares out on loan to the sellers at the moment). ;-)

[scepticalinvestor] 29/9/2020 16:30

yes - I can see this hitting 230s this week at this ratehuge sell offstill holding as 300p is likely prior to the interims as per sr's comment

[sr2day] 29/9/2020 16:16

on many occasions i have said that this will go down to 200p.it looks like it might well achieve that.i bought a tranche at 262 after the previous rns regarding the extension of revolving credit facility and statement regarding cash flows.so will not rush for the second tranche.if the november update is positive then we should regain 300p swiftly otherwise will not be surprised if it goes below 200p to 170p.

[playnicely] 29/9/2020 16:13

It doesn't take a genius to say that this is going to keep going down, because that's been the fundamental direction for months now, but it does look very odd - last RNS says that MCRO is paying down debt and generating cash despite the covid crisis, and a board director today reveals that he's bought £250,000 worth. Interim announcement in 5 weeks. Should be interesting. There does come a point where it can't go down anymore, and I'm guessing that it won't be 0p.

Hats off to the hedgies who are managing to push this down every morning without any resistance from the company though. I wonder what price it would take for the board to actually put out an announcement. Don't they realise that any customer looking at the share price would have no confidence in the company? Why would you give a contract to a company that won't be here next year? That's the message from the share price. Are the board directors so disconnected from the share performance that they think it doesn't matter to anyone? Obviously Greg Lock is paying attention, but what are they doing about it?

[mustau] 29/9/2020 15:43

Have to agree SI,

...or under.

[scepticalinvestor] 29/9/2020 15:37

230s here we come...

[scepticalinvestor] 29/9/2020 15:35

or not lol

[clunes100] 29/9/2020 12:40

Nice recovery on today's RNS, a couple more directors following suit would be another step in the right direction.

That is two positive RNS in a row, a couple more and we'll be flying and hopefully the November update will be the icing on the cake or was that the smell of shorters burning?

[montyhedge] 29/9/2020 12:02

Now who do you want to think is going to be right, directors who work everyday and know the company inside out, or bears short of 3.84% probably more because you don't have to declare under 0.5%. Be interesting to see if bears increase bets or start slowly closing positions.
In the old days director spending around 250,00 pounds buying stock shares would be up.

[gerardp] 29/9/2020 11:56

Hopefully, he has got the timing right this time. Anyway, nice to see some confidence.

I'm waiting for the shorts to reduce before topping up.

[montyhedge] 29/9/2020 11:52

Increase holding of course by 96000, I'm reckon bit of tax arranging. He paid 786p somewhere around 1.5 million pounds worth of shares.

[ozzmosiz] 29/9/2020 10:43

Strange movement considering...Vol. Sold 129,975Sold Value £326.50kVol. Bought 388,024Bought Value £974.72k

[clemoc] 28/9/2020 18:35

Wonder if shorters are running out of shares to sell, could be reason for kick up today??

[ozzmosiz] 28/9/2020 18:08

Shut up about the damned dividend. It ain't happening and that is no bad thing.

[montyhedge] 28/9/2020 17:52

Seen the reply you have from Micro Focus, first/second week of November then.Any hint of a dividend even a token one, shares will be 500p by Xmas.

[montyhedge] 28/9/2020 15:32

I suppose so, lol. 1700p those were the days.

[gerardp] 28/9/2020 15:03

Loosemoore knows the future prospects hence the reason why he sold £11.6 million worth of shares at £17+ !