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
  5.70 1.45% 400.00 2,082,529 16:35:09
Bid Price Offer Price High Price Low Price Open Price
394.15 394.55 400.55 377.95 398.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 2,588.04 -26.36 300.28 1.3 1,334
Last Trade Time Trade Type Trade Size Trade Price Currency
17:58:39 O 8,836 400.00 GBX

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Date Time Title Posts
30/3/202012:55Micro Focus International6,174
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 394.30p.
Micro Focus International Plc has a 4 week average price of 291p and a 12 week average price of 291p.
The 1 year high share price is 2,174.50p while the 1 year low share price is currently 291p.
There are currently 333,622,753 shares in issue and the average daily traded volume is 3,929,149 shares. The market capitalisation of Micro Focus International Plc is £1,334,491,012.
philms: Enterprise Value is c$5.5 billion at a share price of 350 pence, exchange rate of $1.18:£1 and net debt of $4.2 billion. With FCF of $700 million then EV to FCF multiple is 7.9 times. EV to AEBITDA multiple is 5 times.
fjgooner: To make some easy money, I'm re-shorting this poor stock MCRO. I made a fortune on it earlier this month. All brokers have been massively cutting share price target forecasts this month. A note today from UBS says "Revenue Growth Continues To Thwart Micro Focus". Micro Focus downgraded to ‘neutral’; as UBS predicts ‘long and difficult road ahead’ The bank said it saw “no near-term catalyst” for the share price as the troubled software group continued its restructuring efforts Credit Suisse cut its price target to 630p and put an underperform investment rating on Micro Focus. That seems generous given the recent dire results and this week's downgrades by Moody's and S&P as above. Jefferies International, Barclays Capital and JP Morgan Cazenove have all also slashed their price targets during the last fortnight. Current price around 800p. My next target for MCRO is 500p. Ultimately, 0p is possible in my view. A massive short opportunity.
fjgooner: The dividend may well be supporting the share price, which is great as no-one likes seeing such dramatic price crashes. But it is worth noting from the RNS that there is no need to rush in for this dividend: "the dividend will be paid on 7 May 2020 to shareholders on the register at 14 April 2020." So it may well be worth waiting to see where things settle in some or all of the next 2 months before buying or re-entering here.
orange1: So what our resident clown is saying is this: We have the good guys: Goldmans, MS, Dodge and Cox who all reckon that MF is worth a lot more than the price of the shares today. They have been sitting on their hands today and for the past week as the share price plummets. They are not going to be buying again before the results even though the price after the results will be 1175p, 1200p or 1700p. There are no traders who are prepared to risk buying today at 982p in the hope of selling tomorrow at 1175p, 1200p or 1700p. There are plenty of traders (the bad guys) prepared to sell at 980 - 1000p in the hope of buying back at a lower price. Why wouldn´t they, they are being offered a free lunch. It all makes perfect sense.
dime: Yes Pugugly, I was a little confused by that too as the last RNS re Dodge and Cox increased holding was 23 September 2019. That article is just highlighting that there is a significant stake building quietly going on in the background by Dodge and Cox not that they have recently increased the holding again. In fact The Times article had very little impact at all on the share price yesterday when it was published. The fact is that Dodge and Cox holding has now steadily climbed up to a significant 17.01% so I guess we must all take from that what we will!
fuji99: Kenmitch - I can give you another example of the opposite way: Negativity: Check out the trend of FEVR (FeverTree)- Its share price non-stop drop may be due to possible reduction/saturation in sales and profits (probably known behind the scenes). Regarding MCRO, there two possible anticipated news: 1/Renewed interest in a takeover bid as MCRO itself said it is interested to sell parts or the whole company and 2/ Possibility that the next trading update will show the rot has stopped and will maintain previous guidance with positive improvements. So are expecting 2 positive news that will propel the share price iminently as MCRO has in my opinion, finally reached the bottom.
kenmitch: Fuji. So each time the share price goes up you think it confirms “something positive is going on.” So what does a share price down day tell us please? Don’t most shares have up and down days? Can you share your evidence for concluding that a rising Microfocus share price confirms that “something positive is going on?”
rabbitfoot1: What just happened to Fitbit' shareholders is something to keep in mind: As MCRO's share price keeps hitting new lows the company is rapidly becoming an easier takeover target, and should this happen it would translate into tremendous value destruction for MCRO's shareholders even if the buyer were to pay a premium for the acquisition. Therefore I am too sure why the now defunct news of a takeover by OpenText were greeted so positively by the shareholders, we have nothing to gain from such a takeover.
bigbertie: here is my guess at explanation. after profit warning the shares fell below 1100. during Sept MCRO bought back about 4m shares, but there was also a major buying spree by Dodge & Cox [US mutual Fund] who bought about 6m shares to take their stake to over 17%. My guess is that D&C buying is the cause of the share price rise and that they have stopped buying so the share price fell back to near the 1100 mark. I don't know for sure that D&C have stopped - there could be another RNS any day. But if they have, and if you thought the shares were good value at 1100 a few weeks ago then they are probably still good value now. just my thoughts - good luck
philms: MRThomas Company has announced that Return of Value will be between $4.33 and $4.39 per Ordinary Share and that they will announce US$/£ exchange rate for Return of Value by 7.00 a.m. on 26 April 2019. Let's assume the exchange rate is $1.3046:£1 (current rate) and Return of Value is the mid-point of the range at $4.36 per Ordinary Share. That will be £3.3420 per Ordinary Share ($4.36/$1.3046). For your 10 Ordinary Shares you get 10 * £3.3420 = £33.42 from the Return of Value. The Consolidation Factor is 0.8296 so you would get 10 * 0.8296 = 8.296 New Ordinary Shares, however, no fractional entitlements will be issued so you get 8 New Ordinary Shares. All of the fractional entitlements are aggregated together and sold in the market with the net sale proceeds being distributed to shareholders with fractional entitlements. A Return of Value of $4.36 per share would mean that there were 412,844,037 Ordinary Shares in issue at the B Share Record Date ($1,800m/$4.36) and assuming a share price of £19.4050 on that day then market cap would be £8,011,238,538. The Return of Value would be £1,379,724,772 (412,844,037 * £3.3420) so market cap should decrease by this amount to £6,631,513,766 and the shares in issue will also decrease to 342,495,413 New Ordinary Shares (412,844,037 * 0.8296) due to the Share Consolidation. Based on these numbers the share price for each New Ordinary Share should be £19.3623 (£6,631,513,766/342,495,413). Assuming the fractional entitlements are sold at this share price of £19.3623 then you'd get a cheque for £5.73 (£19.3623*0.296) for your fractional entitlement.
Micro Focus share price data is direct from the London Stock Exchange
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