The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yup £532
Canadian information management firm
OpenText OTEX.TO OTEX.O said on Thursday it would acquire
British software firm Micro Focus International Plc MCRO.L in
a $6-billion deal, including debt. urn:newsml:reuters.com:*:nPn6H5H83a
Wow your luck has just changed - well done all
My buy still sat there at 200p....
Not long now..
Didn’t think or should I say hope we would see £2.50 again. Seems inevitable now. I wish to god someone would address the board on behalf of beleaguered share holders.
Everyone keeps stating good dividend blah blah.
Capital erosion is killing us. Down 60% on this dog. It’s a traders dream and an investors nightmare.
Yet nobody appears to take any responsibility for this. Had a look back over the years of some statements. In general the view was “we will better” in 2019, 2020 and 2021 (missed 2022) now revenue stabilisation end of 23. Yet same people still write the cheques at the top. Unbelievable!
Yep, dividend is good. Share price will recover, no need to panic. Sit tight, don't despair.
I am afraid that MCRO is very much unloved at the moment, trades and volumes are down and long terms happy to sit tight on dividend income. Day trades and cash has shifted to some of the energy stocks, but as soon as we get some decent news on revenue growth, asset sale or take over, MCRO will be demand again.
This company has been brain stem dead for years -sorry but its true... should jusy sell its assets and cease trading.
I agree, if MCRO finds the bottom in terms of revenue decline, even a slight initial reversal could have a significant impact on the sp and a rerating of the company. I would still like to see a little more substantiate or substantial news relating to sales, debt repayment or a take over bid etc.
surely close, no?
scaling back in c 2.50-2.70....
Yesterday was exactly the same.
Just when you think it may stay above 300 its walked back down.
To think Amazon have/ had options to buy a shed load of shares for about 450 ish!!
I think everyone is forgetting the aws service went live in June. That should mean the next update should at least tell us if they are selling this service and also may some revenue this fiscal year. If so then happy days. If not then the CEOs position is questionable for sure
Hi Folks,
MF is a challenging stock to own but in theory there is long (very!) term value. For me, the most worrying aspect is the never ending decline in revenues. I am not expecting to see MF announce double digit growth (not with the current portfolio) but they really need to find the bottom. It would be a big step forward if they could deliver revenue stability.
I still maintain that at some point there needs to be a change in CEO. I know there is an element of 'be careful what you wish for' but someone new who could inject some energy, positivity and move the company from turnaround to growth.
This share is infuriating to say the least.
Couldn’t agree more that this is a news driven stock.
They just never release any.
Don’t know how a company with 12k employees , more directors and managers than English premier league footballers cannot have any updates. Beggars belief.
Maybe it’s me ??
There has only been circa 40k sells today and similar buys , yet nearly down 5%!!
It has to be the pure volume of small algo sells , few hundred each time that has caused this. Its certainly not supply and demand.
Makes one wonder about the competency of the current management team if the SP has remained depressed for a long while....debts yes but no plan B? what it needs is new products/plans/debt reduction/may be new CEO who can inject some PR and new investors! it is frustrating tbh and hope we have seen the worst or there is more to come in light of struggling economies? Something has to happen here either way to give shareholders value for money besides the dividends.
I'm a LTH and want to agree with everything you've said Molly, and yet the share price just doesn't want to know and has remained depressed for a very long time despite all the company's restructuring/cost-cutting efforts...
I knew patience was required in these recovery situations but perhaps not quite this much!
Anyway, the divi helps, as you say, provided there are no more 'nasties' and they don't have to cut it.
I agree but no one wants to take over a company saddled with a significant amount of debt- especially as we are heading into choppy waters for many economies.
Preliminary discussions for Darktrace cash offer.
Pity it’s not us.
Thats positive and hope its not another false dawn as MCRO has the tendency to spring surprises which does affect the share price and investors negatively, its a very long time since the SP has hit the highs of £10 plus to which it has got the potential, just need a JV or a niche product launch and it will propel but how long will the shareholders continue to suffer?
I was trawling the future of MCRO on the net and came across the following link: https://stockforecast.com/en-gb/LSE-MCRO
This gives a moderate near term forecast target of £4.07p but longer term it suggests MCRO will seriously take off in all respects.
Any comments welcome.
Need a bid of £6 plus, thats our only hope with this management i think......
I don’t have any insider information, so don’t know more than anyone else, but I can’t see this going down any further.
They are doing all the right things, paying a dividend and creating valuable partnerships. Sometimes the sentiment is against you, but I can’t see any reasons why this shouldn’t go much much higher!
been waiting to get to £6 for 3 years :(