Micro Focus Share Discussion Threads

[sogoesit] 09/6/2017 08:53

That too, monty.
Do we have a date for the "ex-payout" yet?
Could come as early as July.

[montyhedge] 09/6/2017 08:41

SogoesitI would be amazed if the hedges who are short don't close before the special payout and before figures couple of weeks time. They could be caught out bigtime.

[montyhedge] 09/6/2017 08:25

Of course forget they earn in dollars so paying the debt in dollars not problem.

[montyhedge] 09/6/2017 07:10

Could be right, but don't forget Micro Focus massive debt is in dollars.

[sogoesit] 09/6/2017 06:58

Sterling drop could give us lift-off today.

[montyhedge] 06/6/2017 09:41

I think they are thinking figures next month, figures may disappoint.Have they paid to much, can they turn it around. Revenue down 11% at HP. So I can see why they are short. Just have to wait and see. Personally I think the reason shareprice holding on a high p.e is the juicy dividend promised.But hedgies know when paid, chance of a bigger fall than is paid out.Interesting couple of months coming. Good luck Bulls and Bears.

[sogoesit] 06/6/2017 08:53

Reported shorts increasing as the price rises.
Wonder who's going to suffer?

[kuss1] 04/6/2017 22:49

An amazing to think operating profit was $147 million just 20 months ago, so an increase of 800% in short order... Must be the fastest growing company in the UK..

[kuss1] 04/6/2017 12:49

Fantastic cash generation here. I agree with the previous post, operating profit of more than $1 billion looks likely. Rough pe of around 7. Margins looking great. Quite easily double from here...

[montyhedge] 04/6/2017 12:17

P.e 42 on Advfn is that high for a ex growth stock, relying on cutting costs to increase profit?

[phillis] 02/6/2017 12:57

more blather from MontyBlather

[montyhedge] 01/6/2017 09:04

Kainos Group is a software company with growth six consecutive years. Micro relying on cost cuts to improve margins, revenue was down 11%

[sogoesit] 01/6/2017 08:48

Ex-Growth? Are you crazy, man?
This has never been a "growth" stock, ever. At least not since I've been in it... going on 12 years now.
I can understand now why you feel deceived. But, at least you've got a better price to sell-out at.

[montyhedge] 01/6/2017 08:35

Agree, but you can only cut costs so far, when revenue falling what about the future? Have they gone ex growth.

[sogoesit] 01/6/2017 08:16

You're right silverfern, they've expanded margins to 26%+ already.
The existing business is in the 40%+ area, if I recall, so they're inline with what they expect to do with the new business.

EDIT: Underlying EBITDA margin in existing business attained 46%+ at last half-year.

[montyhedge] 01/6/2017 08:06

Revenue down 11% . Not a great growth business,Just trying to cut costs to make it work.

[silverfern] 01/6/2017 07:32

AM I reading this right- with margins increasing HPE could be making around $700-750m profit per annum? PRetty much what was declared at the time of acquisition. Micro would add $400-450m to that - so bottom line of around $1.2m per annum. Looks good value if so.

[montyhedge] 30/5/2017 13:05

Your reckon, is that why revenue is falling?

[andrewbaker] 30/5/2017 11:29

COBAL has been around since the 1950s and stories of its death have been exaggerated ever since: there are so many programmes that use and rely on COBOL, and although one day it will be superceded, that day has yet to come. In the meantime, Micro Focus will earn well from keeping its programmes updated, and also be moving into other areas; plus it's a takeover target, always. The recent price drop, caused by ill informed analysis by someone not yet old enough to grow a proper beard, is a buying opportunity.

[montyhedge] 29/5/2017 15:22

Of course,

[sogoesit] 25/5/2017 08:36

But are you a seller?

[montyhedge] 24/5/2017 17:23

I see Third Point is Dan Loeb's company, they are very smart. I'm not betting against those boys.

[montyhedge] 23/5/2017 15:29

Latest short positions Micro.

[montyhedge] 23/5/2017 13:52

I thought the Credit Swiss note the other day was quite scathing.Shorting hedges seem to be coming in I don't know if there is a arbitrage deal to be done, now they seen the terms. Buy HP short Micro perhaps.Any thoughts I think 2150p on the cards.