Micro Focus Share Discussion Threads

[mattyd] 07/9/2017 17:39

nice rise here today! shame the late surge here has now retraced in the US. still have 3.5 hours left over there

[montyhedge] 07/9/2017 16:32

Capital markets day for Micro today. Analysts, lets see what they reckon tomorrow. Going by the shareprice they like what they heard.

[ringer12] 07/9/2017 16:30

Latest news. Mcro BB posters unable to post due to share shock!

[losses] 07/9/2017 08:15

Thanks enami... fantastic way to track new group price.

[ringer12] 06/9/2017 22:13

kuss1. You could be right.

I make MFGP closing price 31.71 equivalent share price 2431p UK at current exchange rate.

[kuss1] 06/9/2017 21:25

Mcro ended up some 6%. But MFGP up 8.66%. Should open over 2400 tomorrow. It's capital markets day so I can see another strong day. Get the feeling this will be breaking all time highs soon. That 7% quarterly growth in margins and the turnaround in revenue decline has got the market focussed on the level of cash generation and just how cheap this company is. The HPE turnaround is also helping....

[losses] 06/9/2017 17:28

Should go north of 2400 tomorrow hopefully..

[mattyd] 06/9/2017 17:13

yes, very useful, thanks Enami.

so correct me if i'm wrong, but we can follow the US share price on the basis of a rough exchange rate of $1.30 to £1?

therefore at the present time its at $30.67 so its back up to £23.58

[ringer12] 06/9/2017 16:27

Thanks Enami. Most helpful and appreciated. Could be interesting to follow after UK close.

[losses] 06/9/2017 16:22

Losing today's gains :(

[enami] 06/9/2017 16:08

ringer the ADVFN ticker MFGP* was the price for the rights to acquire MFGP ADRs

ADVFN have not caught up yet with the live price.

Check Yahoo



Current share price is 30.55, +1.35 (+4.62%)

[ringer12] 06/9/2017 15:52

What is the ticker MFGP NYSE for. Doesn't appear to give any information other than a price. Just curious.

[ringer12] 06/9/2017 15:41

FCA daily short positions for Micro Focus is a a mixed up shambles today.

[mattyd] 06/9/2017 13:46

Hedgies increased their short positions to 3.8% last Friday.

must have closed them today surely.

edit - cant remember how to link to avoid the http

[kuss1] 06/9/2017 11:36

Capital markets day tomorrow. Should get more juices flowing..

[montyhedge] 06/9/2017 10:53

Good site, dividendwealth

[dividendwealth] 06/9/2017 10:09

Wrote a short piece on Micro Focus yesterday - I like the div growth here:

www.dividendwealth.co.uk/micro-focus-international-offers-dividend-growth-appeal/

[mattyd] 06/9/2017 09:53

wtf are the BBC talking about?

8:29
FTSE 100 opens lower

The London market is down 0.4% in early trade at 7,340.17.

Interestingly Micro Focus is the biggest riser, up more than 4%, despite having issued a profit warning.

[ringer12] 06/9/2017 09:49

Not bad for a down day on the FTSE and Micro's update in January to come!

[andrewbaker] 06/9/2017 09:45

The price rise today is welcome, and indicative of some having looked at this based on reality, unlike the opinions of so many posts on here, which amount to puerile ranting. Having topped up on 31 August at 2305p, I confess to feeling smug. This company is in a business where their services will be required for many years to come, in an environment where takeovers (which may one day include themselves) produce situations where excess costs can easily be trimmed without impacting on the actual job being done, and where barriers to entry are high and practically non-breachable such that competition is not that much. It's a good solid business, well run, and producing results year in year out that auger well for the future. All in my humble and financially well rewarded opinion. :)

[losses] 06/9/2017 09:21

Yup standard 0.5%

[khitchen] 06/9/2017 09:12

Hi Fellas
is there Stamp duty on purchases of these

[montyhedge] 06/9/2017 09:08

Shorting hedges hurting bigtime, how are they going to get over 2.6% back without paying a massive premium.

[kuss1] 06/9/2017 08:55

Yes sogoesit, I'm just assuming a gradual rise. Could well rise to more than 40.

Capital markets day tomorrow.

And a pe of 17 is low for a tech co throwing off cash..

[sogoesit] 06/9/2017 08:48

kuss1, I think you may be conservative on margin improvement. My view is that their target will be to match their own current 45%.
Based on that assumption, some time ago, I valued the combined entity at £30 on a P/E of 17 at a Forex of $1.3/GBP.
That's my price target for the full year to 31 October 2018.