Micro Focus Share Discussion Threads

[flatoutfred] 02/3/2017 09:50

How can it be $1.68 with circa 230,000,000 ordinary shares in circulation. Can't seem to find out how many preferential or other shares there are.

[sogoesit] 01/3/2017 15:34

Flatoutfred:
In the reverse take-over of HPE Software MCRO are promising a payout to "existing" shareholders of $400 million dollars as a bonus payment prior to completion of the deal.

Here is the quote from the RNS of 8 September 2016:
"Prior to Completion and subject to Micro Focus shareholder approval, Micro Focus intends to undertake a return of value to its existing shareholders of c. US$400 million (the "ROV") equivalent to US$1.68 per Micro Focus share based on the fully diluted share capital of Micro Focus as at 6 September 2016."

Cheers!

[montyhedge] 01/3/2017 15:14

OZ have increased their short to 0.62%.

[montyhedge] 01/3/2017 09:50

I see there is a hedge fund short of Micro 0.59% OZ Management LP.It's in the Shortracker list. Wow that's some bet.

[flatoutfred] 01/3/2017 08:57

Sorry for my ignorance So Goes It but can you explain the " my part of the $400m due "

Cheers, Freddy.

[montyhedge] 28/2/2017 10:04

My new target 2035p, only because HP software revenue was down 8%.

[montyhedge] 27/2/2017 16:08

I think Wizard still own 6m shares wonder if they keep them when the deal completed or sell before?Any thoughts chaps.

[montyhedge] 24/2/2017 14:19

Its a bullentin board, post are views, yanks will they sell at 2.30pm.

Of course you have the shares, but with rose tinted specs.

[silverfern] 24/2/2017 13:25

MOnty as you post more on here than anyone why don't you understand the rationale for investing in MCRO? I don't post often because I have little to offer and other people don't enjoy prattle. I'd prefer not to advise but I suggest you sell your shares in MCRO - it seems to take up too much of your life - and get out more.

[phillis] 24/2/2017 11:31

Dont even own HP business yet
Laughable response to an on guidance trading statement

[montyhedge] 24/2/2017 10:33

Revenue down 8%, to me that's not a growing business. P.e 36 you can't afford any hiccups otherwise the shareprice gets hammered.

[phillis] 24/2/2017 10:31

Yes strange

Looks like the whole strategic rationale for the HP deal has passed Monty by
and he such a keen observer too .....

[orange1] 24/2/2017 09:13

You've been missing something all your life.

[montyhedge] 24/2/2017 09:02

Don't shoot the messenger, it's HP directors, revenue down 8% that's a lot,

[montyhedge] 24/2/2017 08:49

Revenue, down 8% perhaps we should pull out of HP deal.

[montyhedge] 24/2/2017 08:44

Disappointing news, I feel.

[montyhedge] 24/2/2017 08:43

Wow, not good news, what are we buying.

[silverfern] 24/2/2017 08:26

only PIs trading on the news - tiny buys/sells amounts. No funds- tHey are staying put. I have around 3k of these.

[phillis] 23/2/2017 13:37

Up a bit today

[montyhedge] 17/2/2017 14:41

But you do find that, I agree once a company enters the FTSE100 the easy money as been made. They seem to take quite a time for further breakout. Micro really as done nothing since entering Footsie. Ok high p.e at the moment so may take time.But it is drifting and shares don't drift up.

[sogoesit] 17/2/2017 12:00

Andy Brough's opinion is his own and for the clients of the funds he manages and he may have loads of reasons to talk his strategy on selling on entry to the FT100.
If I wanted to follow his advice I would be investing in his funds but I don't. In fact I don't invest in structures that charge me fees in order to earn big salaries for themselves.

True, Andy Brough appears to outperform other Fund Managers in his space (for now) but then again over 80% of fund managers, and their funds, UNDERPERFORM the market. How does anyone who wants to invest through managed funds manage that risk (of underperformance)?

The next thing folks will be telling me is to buy ETFs and be a passive investor, which the pundits do... but that's not my strategy and probably not that of most of us on a PI bulletin board ;-)

[orange1] 17/2/2017 08:59

He may be one of the best fund managers around but there are plenty of shrewder investors out there like the ones who could clearly see at the point that MicroFocus was about to enter into the FTSE 100 that:

US big boy come in and bid.
Safe haven dollar earner.
Tracker funds will have to BUY.
£25 nailed on, another 5 years £75, if not taken over. This is a cash cow.

[montyhedge] 17/2/2017 07:59

He does have a point and he is one of the best fund managers around, ok he sold Micro Focus when they went into the FTSE100. Because the easy money been made before entry he reckons.The have done nothing since entry, so perhaps he's right.