Micro Focus Takeover Rumours (MCRO)

Micro Focus Chart

Micro Focus Takeover Price

Micro Focus Takeover Forum Posts

Kenmitch - I can give you another example of the opposite way: Negativity: Check out the trend of FEVR (FeverTree)- Its SP 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.
A sudden sharp rise coinciding with the US opening. Something is probably brewing behind the scenes. Either a renewed interest in the takeover or/and a better update than anticipated (business stabilising with no decrease in revenues with better visibility in contract signings).
IMO the Trading Update will show that the business is stabilising and consolidating and not falling anymore as it did before. "As such the board considers it appropriate to revise the guidance range for the year ending 31 October 2019 to minus 6% to minus 8%." This was from -4% to -6%. This will be the precursor for a good lift from here and each time an improvement is flagged up the SP will adjust accordingly. This does not take into account any takeover bid.
What just happened to Fitbit' shareholders is something to keep in mind: https://finance.yahoo.com/news/dont-forget-about-this-in-googles-21-billion-deal-for-fibit-160507239.html 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.
Don't read too much into p/e, divii, takeover rumours, etc. Any stock can become negative p/e, high divis are often cut, and takeover speculation is almost always wishful thinking. Disclosure: I am a long time holder (7+yrs) and occasional trader of these, but I am still seriously disappointed with performance and prospects here.
The takeover speculators getting scalped by the market makers. They have to get out, I suppose.
Excitement over - Further news from Bloomberg : Open Text “notes the recent press speculation and confirms that it is not considering a potential acquisition of Micro Focus,â€￾ it said in a statement late Friday. hTtps://www.bloomberg.com/news/articles/2019-10-18/open-text-is-said-to-weigh-takeover-offer-for-rival-micro-focus
Take-over talk from the States . https://seekingalpha.com/news/3507026-micro-focus-plus-6_8-percent-takeover-interest-bloomberg
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