Micro Focus Share Discussion Threads

[sr2day] 05/10/2020 13:33

if the hedge funds reconsider and decide to close before the update then we should see 300p very quickly.

[dr knowledge] 05/10/2020 13:17

NED buys can be quite telling (they have far less skin in the game as their full-time counterparts). What pleases me however is the impact a relatively small buy had on the share price on Friday - a day where no excuse other than the news was needed to hit any stock hard. I wonder now will we see some more institutional buys before the interims, now that a couple of those closest to the action have shown their hand. That would really make life difficult for the hedgies. ;-)

[sr2day] 05/10/2020 12:47

monty,you are barking at the wrong tree.i am not like you,all mouth no action.

[montyhedge] 05/10/2020 12:44

He be buying at 350p.

[sr2day] 05/10/2020 12:21

alex,i will wait until update as i mentioned earlier. if there are other directors buying this week then i will reconsider.

[alex4141] 05/10/2020 11:42

@sr2day - are you planning to wait a bit more or do the second tranche after further confidence has been demonstrated by BOD?

[enormouswillie] 05/10/2020 11:35

I wouldn't feel sorry for them, they can close out between here and 5.00 GBP and probably up to 10.00 GBP and they will still have made a lot of money...

[montyhedge] 05/10/2020 11:28

So directors been buying 250,000 grands worth the other day, another director buys the adrs. Trading update first or second week November, if a hint of positive news,then a run would up in the shareprice, early Xmas present for shareholders.
Bears are short roughly 14m plus shares. Good luck getting those back if Micro Focus have a run.

[phillis] 05/10/2020 09:26

The directors of companies traded on the LSE cannot trade during the two months preceding a preliminary, final or interim earnings announcement and one month prior to a quarterly earnings announcement. Outside the trading ban periods, directors still require clearance to trade from the board's chairman. In contrast, there are no such restrictions in the US system which favours frequent disclosure to remove possible insider advantages rather than trading bans during price-sensitive times.

[flagon] 05/10/2020 09:25

Took a starter position here this morning ... will look to add. Positive tea leaves in II top ups, director buys & RCF revision re 3/9 RNS. GLA.

[enormouswillie] 05/10/2020 09:00

A non executive director has bought on Friday, shares to the value of $145,324.60 USD - that is really positive and very encouraging news

[montyhedge] 05/10/2020 08:39

Yes no one rings a bell when the turning point, but ding a ling, lol.

[alex4141] 05/10/2020 08:35

👍👍👍 this may be the turning point.

[montyhedge] 05/10/2020 08:28

Another director buys, they know the company better than the bears.

[lamorgan] 03/10/2020 01:24

What a difference six weeks makes! Downward path confirmed. But very strange for the shorters to be so quiet today (Friday) on the day when DTrump falls ill. Look at the volume - down a million. So the hedgefunsters are together committing maybe as much as £1m to play against this each day, plus the hangers-ons here getting in on the act. Perhaps they didn't want to risk getting caught off-side during the day and having to stay exposed over the weekend. Something apart from Covid in the air possibly. I see the chairman bought heavily again this week. Presumably that's been taken as a shot across the bows. (Not that it's worked before.) I hear it'll be four or five weeks before we get some kind of update. Maybe some big moves coming.

[clemoc] 02/10/2020 18:45

I'm soaking up and basking in todays optimism so thank you.
I'm raising my glass of single malt to it, and have a great weekend.

[enormouswillie] 02/10/2020 17:45

Haha...cool

Time to relax indeed, I wish all on here a nice weekend too

[alex4141] 02/10/2020 16:54

Don’t underestimate it @Doc - ended up with staggering +0.083% (not +0.08%). Fantastic weekend everybody.

[montyhedge] 02/10/2020 16:44

The tide has turned, the low been hit, onwards and upwards to the trading update 5 weeks time.

[scepticalinvestor] 02/10/2020 16:38

yeehaa!!good weekend all!

[dr knowledge] 02/10/2020 16:37

And it did!0.08% gain - champagne and trebles all round!!! ;-)

[dr knowledge] 02/10/2020 16:26

The irony would be inescapable if we ended up blue on a day when near all of the FTSE is red.

[montyhedge] 02/10/2020 16:22

No one rings a bell when the low in, but ding a ling.