Micro Focus Share Discussion Threads

[scepticalinvestor] 09/2/2021 12:04

lookong very good.been a great day for shares I hold - takeover offer for Equiniti and great results for MCRO!

[smurfy2001] 09/2/2021 12:04

I'm up 63% on my 318p buy. Very pleased. Reckon an easy 200% here.

[purchaseatthetop] 09/2/2021 12:02

this has now got 540p written all over it before US opens. IMO only.

[montyhedge] 09/2/2021 11:52

You know how quick this moves could see 600p+ next few days in my opinion.To me strong cash generation in a covid year, superb.

[phillis] 09/2/2021 11:51

still a business in decline but throwing of cash - which I will gratefully accept

[montyhedge] 09/2/2021 11:50

Micro should be a lot higher tomorrow with press coverage.Bears beware lol

[dr knowledge] 09/2/2021 11:43

More good coverage here........ ;-)

[dr knowledge] 09/2/2021 11:41

From the above, this is the absolute critical take-away from today's RNS........"Looking ahead, he added: "The majority of our revenues are contracted and recurring in nature, and management is targeting initiatives to increase this mix. The resilience this high level of recurring revenue affords can be seen in the company’s ability to generate cash and manage costs as required"

It was the fall in that all important "recurring" revenue that spooked the market last year along with the fear that the decline would continue. By all accounts it looks as if MCRO have plugged the hole & are well on track to reversing it. It's that critical recurring revenue that makes this a divi paying cash-cow and safe harbour for growth funds. Next few weeks we should see a lot of them return along with upwardly revised broker targets. ;-)

[montyhedge] 09/2/2021 11:31

Strong cash generation.https://www.sharecast.com/news/news-and-announcements/micro-focus-reinstates-dividend-on-strong-cash-generation--7807913.html

[purchaseatthetop] 09/2/2021 11:28

Gladstone already have down to 0.93% from 2.41% a couple of months ago but they made lots of money on the drop.

Sylebra at 0.8% are interesting. They opened in early Jan 21 when the price was around 420p. So, they are 90p out of the money on nearly 2.7m shares. They are small (only $3.8b under management) with a CEO who looks like he should be delivering newspapers. They certainly will be closing as they will want to limit the loss a.s.a.p.

[montyhedge] 09/2/2021 11:11

Surely these shorting hedges will start closing their positions.https://shorttracker.co.uk/company/GB00BJ1F4N75/

[darkcloudcover] 09/2/2021 11:07

It's up between 4 and 6%.....

[markbelluk] 09/2/2021 11:04

3.71%

The yield is great from a USA perspective

[watfordhornet] 09/2/2021 11:01

What is the US pre market position suggesting?

[purchaseatthetop] 09/2/2021 10:40

welcome bigbigdave...I recognise you from ITX. Good call to buy MCRO. Way further to go over the next 3 years.

[r9505571] 09/2/2021 10:35

Simply Wall St has fair value at £9.58

[darkcloudcover] 09/2/2021 10:27

The US pre-market says it all. They like the update!

[bigbigdave] 09/2/2021 10:25

Bought in here this morning, looks like a cracking turnaround situation.

[markbelluk] 09/2/2021 10:12

Good point thanks Sinzu

[sinzu] 09/2/2021 10:10

The key point for me here is the risk-adjusted return has improved substantially now and for that reason alone, broker upgrades will follow these results. I am certain of that. It was the primary reason for the fair valuation being held back until now.

[montyhedge] 09/2/2021 09:57

Greg Locke director bought 1.5 million pounds worth at 783p. When he joined last year. They will be back to the price he paid. Superb results.

[rochdae] 09/2/2021 09:56

Chart turning up nicely ..

Way, way undervalued given cash generation. Some tech companies are valued many times more than mcro and not making a penny.

[ttny2004] 09/2/2021 09:54

With US Opening which coincides with investor call at 130pm (830am US east coast) will be real time to judge any share price momentum after a fairly neutral reaction share price wise so far. Also in coming days be interesting after call to see broker forecast upgrades as well which should boost share price if forthcoming.

[scepticalinvestor] 09/2/2021 09:52

It won't be the first to. Have been several circling not too long ago.