Micro Focus Share Discussion Threads

[montyhedge] 01/10/2020 11:32

lonrho
Yes 5 weeks to go before trading update.

[sr2day] 01/10/2020 11:29

i believe we are way oversold and may get a bounce before update in november but i cannot see the share price past 275p until update.

[lonrho] 01/10/2020 11:20

problem is October is by far their biggest trading month of the year, on which the outcome for the year will largely depend. They are unlikely therefore to say anything before November.

[gerardp] 01/10/2020 11:18

2020 forecast is $1Billion EBITA ($552 interim) even with reduced revenue. Hopefully, the issues with the internal sales systems are close to being resolved and effort to get the debt down to 2.7 x EBITA is clearly underway. However, the turnaround program still has 2+ years to run.

[enormouswillie] 01/10/2020 11:06

The company need to put out a trading statement and/or a statement in relation to the share price NOW!!!

[enormouswillie] 01/10/2020 10:50

Added....and I will keep adding

[scepticalinvestor] 01/10/2020 10:31

Yes, Looking at the rsi / volume over the last month has made me decide to buy / add this am at 241pIt is either going to rocket or go bust - I anticipate the former.Gla

[montyhedge] 01/10/2020 10:14

Surely at 242p it's a bear trap, brave to go short at this price. Enticing new bears in everyday.

[corrientes] 01/10/2020 10:09

A few months ago, I had a quick dip in and out with a tiny profit, when it was about 500p. I recollect sr2day then saying it was inevitable that the price would hit 200p, and only then would he consider re entering. I've watched the share price ever since.

Although it's approaching that level now, this inexorable decline, without any major interest from outside sources is most strange to say the least. It's a bit like a disaster movie in slow motion with a hypnotised audience.

[orange1] 01/10/2020 09:43

>stormcoming

Imagine the share price was going up every day. What would you say then?

Would you say this?:

There's nothing extraordinary here; just standard long manipulation. Transfer of cash from private weak holders to the hedgies. The hedgies buy £30k, £40k etc, pushing the share price up until it triggers buying from others. Any time it stops, bang in some more buys and then watch it continue rising. At the end of the day, post-close, the hedgies sell to close their book. That's why there's so many big sells after the close; seeing them most days. Anyway, next day, repeat. And the next day. Up up up.

If not, why not?

[hotaimstocks] 01/10/2020 09:35

240p will need to hold or we could see 225p next week.

[alex4141] 01/10/2020 09:07

Another @Boris - the prophet of doom:-). Micro Chairman has just bought yet another 83.5k shares worth of £250K. DYOR.

[b0risj0hns0n] 01/10/2020 08:58

Management not showing any support at all - their confidence is gone. This needs a cleanout of the board - maybe it will happen when it falls another 50% (which it will after the next set of results)

[alex4141] 01/10/2020 08:09

For your comparison: data/software consultancy company “Palantir” floated yesterday and is currently valued at $15.8bn in stock market debut The company is highly unprofitable with 50% of its revenue coming from highly risky government contracts. Its current revenue is about 1/3 of micro. Micro (with all its debt) looks ridiculously mispriced compared to it.

[jamesto2] 01/10/2020 07:51

MAYBE TOP UP AT 150p to average down lol

[jackson83] 01/10/2020 07:47

can't see this going lower than 200p this month.... huge debt is a RED FLAG .

[stormcoming] 01/10/2020 04:42

Then you haven't been paying attention. There's nothing extraordinary here; just standard short manipulation. Transfer of cash from private weak holders to the hedgies. .They're getting away with it because the weak MCRO management team is not keeping their eye on the share price. Business looks like it's gone bust from the share price. If I were a customer of MCRO now, I'd make them wait for as long as possible before paying any invoice, in case they suddenly go broke and stop delivering service. This is the problem with having execs who are inexperienced in fronting a public company, and/or people who are incompetent and lazy. Current CEO needs to start producing some news flow urgently before the shareprice cripples the business. Either that or he should be exited so that someone more suited to running a public company can get a grip on things.

[enormouswillie] 30/9/2020 21:35

Quite extraordinary - rarely seen anything quite like this in 20 years of trading

[dplewis1] 30/9/2020 16:44

Nice big closing auction print. Please please let that be an insti buyer with an over the day VWAP order with the balance in the auction

[scepticalinvestor] 30/9/2020 16:35

couldn't have put it better myself lol

[dplewis1] 30/9/2020 16:30

Lol.. FTSE goes up, MCRO goes down.. FTSE goes down, MCRO goes down. Nasdaq goes up, MCRO goes down.. Nasdaq goes down, MCRO goes down. I didn't really pay much attention to the stats module at university but I'm sure I've found a pattern

[scepticalinvestor] 30/9/2020 16:27

every stock in my pf is up except this dogmight be time to join in with the shorters as a hedge...

[scepticalinvestor] 30/9/2020 16:19

and another down day - really useless, incompetent BOD

[scepticalinvestor] 30/9/2020 09:14

Another idiot to filter...

[jamesto2] 30/9/2020 05:17

I'm thinking this will drop to around 200p within a month ... huge debts RED FLAG ... looks overvalued at todays price