Micro Focus Share Discussion Threads

[umitw] 14/11/2018 10:32

Nice rise, well done to those who bought in @11.40 .However the gap hasn't closed at lower down around 1250p!Waiting for it.

[rochdae] 14/11/2018 08:32

Yes, 17 a start ..

Rising revenue and improving margins will push this higher. Loss reduced from -12 to -6. Original loss was -2 to -4. So just 2% shy ...and at that time MF was £25, now £13.50. It's just the bedding down of the HP purchase..

[liam1om] 14/11/2018 08:18

Micro Focus Upgraded to Buy at Goldman; PT 17 Pounds

[tewkesbury] 07/11/2018 15:16

Toople (TOOP)

Update on Trading: Record Month for October 2018

[cxs1] 07/11/2018 14:39

From what I read elsewhere I think it was an attempt at contrast and compare article with the other FTSE 100 basket case, sorry recovery play, covered being Centrica. We won. Kind of.

[ilovefrogs] 07/11/2018 14:13

It was certainly written by a fool. Everyone knows that the guidance was for a 6-9% fall in revenue, not a rise, so that particular statement completely invalidates the whole piece, and whatever idiot wrote it.

[cxs1] 07/11/2018 13:34

Was that taken from The Fool? See your gap got closed again today. Lol.

[losses] 07/11/2018 13:18

So is Micro Focus a better choice? Its own share price is also down 52% since a year ago, the damage being done in March after it released yet another profit warning due to integration problems concerning its recently-acquired Hewlett Packard Enterprises' (HPE) division.Now trading has been better of late, the tech titan advising this week that it has seen "improved revenue trajectory in the second half of the year" and, as a consequence, commenting that it would hit the upper end of its guided 6-9% sales rise (at constant currencies) for the year to October.There's no guarantee that HPE won't throw up additional problems further down the line. But arguably, these risks are baked into Micro Focus's low, low forward P/E ratio of 8.1 times for the new period. What's more, the projected 106 US cent per share dividend for fiscal 2019 is covered 2 times by anticipated earnings, bang on the widely-regarded safety benchmark

[rochdae] 06/11/2018 13:59

Tiny movement on the chart. Either you're making money or you aren't.

[losses] 06/11/2018 13:04

Crazy gap fill.. so quick

[rochdae] 05/11/2018 21:36

Whether it's sustainable or not, you've still got to have the money, which is a reflection of value.

It now looks like mcro is back on track. They don't often have end-of-year trading statements. The 400 million buy back is what the city likes, whether justified or not. In fact in my experience, cash is all that matters. Shorter's will have to match the buys. And why would they bother. Takes the shorts out the equation.

With revenue accelerating and margins on the up, 230 million in cash buybacks and nearly a billion in Feb to shareholders, my bet is that the price will rise from here and quite quickly.

[ilovefrogs] 05/11/2018 18:12

Yield is only relevant if it's sustainable over the long term (which clearly the 30% isn't). Capital coming back is fine, although with margins going back to 40%, wouldn't mind too much if they found somewhere to invest in.

New (ie old MCRO) management already having an effect. Single digit PE,high sustainable yield, falling debt, return of capital to SHs and bottom-line growth from next year should see this back at £20 before end of 2019. Montynob will be eating his words (or more likely just disappear...)

[rochdae] 05/11/2018 16:39

'If the numbers crunched by analysts at Numis Securities are right, investors could be looking at capital returns worth $2bn in the coming 12 months, or 370p. That alone would imply a yield of 30%. Total capital returns could top $3bn out to 2020, adding another 185p per share'.

So a near 30% yield in the next 12 months. Price won't be around here for long..imo

[rochdae] 05/11/2018 15:59

Just the market ...

But I want a share of that 230 million coming. Don't normally add on the way up, but couldn't resist today. Mcro would appear to be back on track with revenue and margin acceleration.

[cxs1] 05/11/2018 15:51

Yanks regularly rain on the bonfire here..probably shorts.

[losses] 05/11/2018 15:20

Profit taking already... crazy this has a lot further to go.

[rochdae] 05/11/2018 12:27

Interesting that the interim's were boosted by a large contract. ...

'Micro Focus expects to report revenues better than the management guidance of minus 9% to minus 12% on a constant currency basis, compared to the proforma six months ended 30 April 2017. However, this performance includes an unusually large licence deal of approximately $40 million, which closed earlier than expected'.

So acceleration into the second half must be considerable for guidance to be now around -6%..

Beginning to look like a very nice turnaround story.. never mind the buybacks

[losses] 05/11/2018 12:11

We are already in the Santa rally!

[cxs1] 05/11/2018 12:07

And Santa's rally too.

[rochdae] 05/11/2018 12:07

So margins moving from 31.8% to 36.0% for the half year and to 37% for the full year. So the second half of the year to end of Oct must have seen margins at 38% probably higher.. Mcro on their way to margins in the high 40's.

They only managed to spend 170 million in the last buyback so the next one will be for 230 million.

Large return of value in the new year, too.

I reckon 1600 buy the time of results in Jan..

[losses] 05/11/2018 11:50

Should easily make its way to 1400-1500 I'm the coming days/weeks

[phillis] 05/11/2018 11:39

why are customers still not paying promptly I wonder

[losses] 05/11/2018 11:38

Still holding the core holding and waiting for 1800-2000

[losses] 05/11/2018 11:37

Fantastic bought some on Friday at 1241...