Share Name Share Symbol Market Type Share ISIN Share Description
Micro Focus International Plc LSE:MCRO London Ordinary Share GB00BJ1F4N75 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  11.00 3.81% 299.80 1,241,241 16:35:07
Bid Price Offer Price High Price Low Price Open Price
297.80 298.10 303.60 288.60 288.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2,119.39 -3,784.34 -67.08 1,006
Last Trade Time Trade Type Trade Size Trade Price Currency
17:42:43 O 6,366 297.936 GBX

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Date Time Title Posts
25/6/202218:55Micro Focus International12,520
31/12/202012:39Micro Focus Question-
05/11/201914:38Micro Focus (MCRO) One in Focus 1
10/8/201214:41Over valued?4

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Micro Focus Daily Update: Micro Focus International Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker MCRO. The last closing price for Micro Focus was 288.80p.
Micro Focus International Plc has a 4 week average price of 280.40p and a 12 week average price of 280.40p.
The 1 year high share price is 554.40p while the 1 year low share price is currently 280.40p.
There are currently 335,688,298 shares in issue and the average daily traded volume is 1,665,466 shares. The market capitalisation of Micro Focus International Plc is £1,006,393,517.40.
drk1: @aleman "Cashflows manage debt, not profit". Spot on, it's never the debt that sinks the ship, it's debt serviceability (i.e. risk of default). As things stand, zero risk of MCRO defaulting. Good summary! ;-)
aleman: It's not too much debt on current trends, hence the dividend payment. It's a software business with low capex requirement so more operating cashflow finds it's way to being free cashflow, sometimes even when profit is negative due to a high non-cash amortisation charge from acquisitions. Cashflows manage debt, not profit. Software businesses generate more cash than others so can carry more debt. With another $300m of cost cuts in the pipeline, it looks set to keep churning out $400m+ of free cash even on slightly declining revenue. Forecasts are to keep paying the dividend and reduce debt. (The interim dividend in Sterling will actually be higher if exchange rates hold a few weeks.) Even though revenue forecasts have just been revised down slightly to marginal declines in 2023 and 2024 (possibly as much due to the strong $ as anything), debt is still predicted to fall over $1bn in 3 years, and these are with updated forecasts that will have taken higher interest rate forecasts into account (which have actually backed off a little in the last few days as commodities indices have fallen significantly (10%) from highs two weeks ago). The dividend outlook remains subject to exchange rate movements but is generally stable, and will rise after 2024 if debt reduction forecasts are hit. Revisions so far have seen little free cashflow, dividend and debt outlook change since March yet the shares are down 25%. It's an overreaction driven by shorters chasing further tech sector collapse victims but MCRO has little exposure to the privacy law changes, and linked ad revenue headwinds, that have hit Apple, Google, Instagram and the like. MCRO is now tempting to yield hunters - a turnaround stock yielding 7%+ while you wait for recovery and a likely much higher dividend later. Okay, one or two stocks of this type might sour but a portfolio of such stocks generally turns out very fruitful in time. Yield investors play the odds, too, and they look quite good here at this price. It will be drawing new buyers in.
timmy11: Vertica and Vcinity Bring Faster Access to Intelligent Insights On-Premises and in the Clouds 06/06/2022 3:00pm PR Newswire (US) Micro Focus (LSE:MCRO) Intraday Stock Chart Monday 6 June 2022 Click Here for more Micro Focus Charts. Enterprises get real-time access to distributed data, no matter where it is SANTA CLARA, Calif., June 6, 2022 /PRNewswire/ -- Vertica, a Micro Focus (LSE: MCRO) (NYSE: MFGP) line of business, today announced an integration with Vcinity to deliver faster processing of intelligent insights, whether on premises or in the cloud, without moving the data. Vcinity's patented data access technology enables Vertica's advanced analytics and in-database machine learning platform to operate on geographically dispersed data across hybrid cloud environments as if Vertica clusters and its data were co-located. This approach delivers local-like performance regardless of distance or latency and enables data-heavy applications to access data in real time, where and when it is
timmy11: Micro Focus Announces New SaaS Capabilities for Network Operations Management (NOM) 06/06/2022 2:00pm PR Newswire (US) Micro Focus (LSE:MCRO) Intraday Stock Chart Monday 6 June 2022 Click Here for more Micro Focus Charts. Latest NOM release features enhancements to troubleshooting, reporting and dashboards SANTA CLARA, Calif., June 6, 2022 /PRNewswire/ -- Micro Focus (LSE: MCRO) (NYSE: MFGP) today announced the availability of the latest version of its comprehensive Network Operations Management (NOM) solution for enterprises, managed service providers (MSPs) and government agencies. Micro Focus NOM 2022.05 has several new features and capabilities, including an offering that provides powerful troubleshooting, dashboards and reporting capabilities of the OPTIC Data Lake with the ease of a software-as-a-service (SaaS) based delivery.
aleman: There's been nothing but doom and gloom this week yet the share price is actually up a bit. That's promising.
philms: Did anyone else spot the announcement late on Friday 11 February(15:52) of the Deferred Bonus Share Grants for Year ended 31 October 2021 made to CEO and CFO on 9 February? Unhelpfully. the share price of the grant was not disclosed, but using the closing mid-market price on 8 February of 407.5p the CEO's grant of 59,942 is worth £244,263 which is one-third of his overall bonus, so total for the year would be £732,791. His maximum bonus potential is 150% of his £850,000 salary (£1,275,000) so bonus payout is 57% of maximum. Bonus metrics (based on Remuneration Report) are Adjusted EBITDA(60% weighting), revenue (20% weighting) and individual KPOs(20%). So 80% financial and 20% on Personal Key Performance Objectives (KPOs). In the Year Ended 31 October 2020 total CEO bonus was £283,000 which was 22.2% of maximum (Financial paid out 4.2% and KPOs paid out 18%). KPOs for the CEO for Y/E 31 Oct 2020 with 10% weighting to each were:- 1) React to prevailing circumstances and build a plan to allow the Company to deal with the employee, customer and environmental disruption caused by the COVID-19 crisis, while preserving the ambitions outlined in February 2020 when announcing the result of the Strategic & Operational Review. 2) Build a leadership team capable of delivering our ambition of a company with stable revenues, capable of delivering AEBITDA in the mid-forties percent and free cash flow between of at least $700 million per annum. To support this objective, demonstrate an effective succession planning process supported by Company-wide talent identification Both sound like part of a CEO's job description so not surprisingly each paid out at 9% of the possible 10% to give the 18% payout on KPOs. Interestingly, the Company's ambition of sustainable free cash flow of at least $700m per annum was revised in the November 2021 Strategy update to at least $500m, a reduction of 28.6%. Now that the Company's ambition has changed, I wonder if any of the FY20 bonus will be reclaimed?
lowtrader: Simply Wall Street on MCRO today: The consensus outlook for 2022 has been updated. 2022 expected loss increased from -US$0.75 to -US$1.54 per share. Revenue forecast unchanged at US$2.70b. Software industry in the United Kingdom expected to see average net income decline 6.7% next year. Consensus price target down from UK£6.75 to UK£5.78. Share price rose 3.6% to UK£4.22 over the past week.
drk1: Appreciate I'll be in the minority here, but if 20 years of investing has taught me anything it would be - 1. Flogging a dead horse can prove very costly & 2. Impatience can also prove very costly. IMO despite the dreadful share price response (currently priced to fail) MCRO is nowhere near dead-horse status and if anything, today's statement affirms this as we are now on course to exit fiscal year 2023 with a flat or better year-on-year revenue trajectory. We've also completed the move to a single platform which tees us up for substantial savings in operating costs. Turnaround of a beast the size of MCRO is never going to happen overnight, ditto, the markets in which we operate means there are no "off-shelf" products and many of the contacts that will transform MCRO's fortunes (such as AWS) take months to materilaise. Where I share board concensus is in respect of MCRO's delivery of news which to date has been appaling, too little and immensely badly timed. This needs to improve with immediate effect. That all said, if someone can convince me that this is a dead-horse, I may review my position, but with support at 345 and the ever increasing liklihood of PE interest here now all the hard work has been done, I may well add more should 345 hold.
billwave: @planit2 - all fair but my point had been that you had just picked the figure of £6 out of fresh air which all things considered was a little unfair. A share price of £6 pound is barely over 20% of the company valuation while it appeared to be performing well before the dire HP acquisition. £8 would be a mere %30 of it's former valuation and given that the HP integration is now all but complete I think the worst is behind us. MCRO is not new to running it's business on high debt, and the figure is hardly in the closet. It's still a high cash generating business that feels it's finances are well enough in order to reinstate dividend payments equating to 4-5% at these prices. The tie ups with AWS and snowflake should only improve its cash position and ability to pay down debt if that is what they choose to do. This is a proven company and business that made a bad choice for an acquisition and has paid dearly for it but as recent statements have shown it is now well on the road to a successful recovery ahead of original forecasts. Current brokers targets are so far apart they clearly have no idea where this is going and at best are throwing out a mid figure to limit just how far wrong they could be seen to be. I believe that the recent tie ups with Amazon and snowflake would have required a great deal of due diligence on their behalf before committing to MCRO and with reputations to uphold and skin in the game I feel their commitment shows more about where this company is heading than a lazy broker forecast could ever do. My own thoughts are that the further we get down the road toward results that will incorporate the improved earnings the more the share price will climb toward a much fairer value. I believe a fair value currently to be nearer £8-£10 which is still only %30-%35 of its former value, easily achievable. MCRO has to be the most undervalued company currently in the FTSE250, with the passage of time confidence will begin to return. I'm not sure what bad news could now emerge but in the absence of any news I think there will be a long slow steady recovery toward fairer value. I'm long and holding for the 5% dividend plus the very real likelihood of a multi bagging share price DYOR
planit2: @bill Further bad news would push the share price down very quickly as I said. There is no way good news would push it back up to 2400p as investors have memories and the last 18 months will weigh heavy for years to come. I just plucked 600p out of the air as you suggest. I am sure it is worth more than 400p but if there is no news over the next 2 months, what do you think will happen to the price? In fact, the question we should try to answer is When and what will the next news be? Last year we had a credit update which doesn't apply now, and a trading update in November. This year we might get information on new contracts but the trading update in November will be key. If it doesn't show an improvement the share price will fall again. Share price went from 300p 4th Aug 2020 to 210p on the 3rd Nov on no bad news. 300p was not overvalued.
Micro Focus share price data is direct from the London Stock Exchange
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