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First got in @ £2.378 so was super excited when it started it's climb. Currently averaging £3.683 after topping up a lot between £4.25 and £4.80. So still profitable but honestly have no idea where this is going. Some say £6 very soon. Others say £10 in a year or so. Others say not going anywhere. My research (amateur) gets to around £6.30 but there doesn't seem much confidence at the moment
Looks like we’re at the foot of a mountain and ready to start that huge climb to the Summit
GLA LTH this time next week another few hundred shares into the PF
i bloody well hope so opulentia ..
as said before, apart from my minor whinge about Murdoch, this is a fantastic investment moving forward from both a capital gain and Yield perspective, the market will need the merest of nudges that MCRO is solidly back on track and it will rerate very quickly
Microfocus is a fantastic play here, the analogy of steering the juggernaut is absolutely correct, lets await traction.
When your steering a juggernaut you can’t turn corners very easily , however when it’s on the right path there’s no stopping it
GLA LTH £10 this time next year , imo is easily achievable
I've been following and investing long before that Blubutton and am obviously not thrilled at the losses I am carrying. However Murdoch seems to have been pretty realistic in what it would be possible to turnaround in what timescale and seems to have been delivering what he said he would. I don't expect 'magic beans', just the steady progress needed to restore investor confidence. I expect that will be delivered.
have a look where the stock was when he became CEO... well before pandemic, you may then understand a little more :)
I'm not sure I understand the anti-Murdoch sentiment that some are expressing here. He seems to be delivering pretty much what he told us he planned to deliver. Under his leadership, the company seems back on course. Once 'seems to' becomes 'has consistently delivered results', I would expect the SP to be back to where it should be (£20+) too.
indeed its frustrating JG68
I had expected this to be well ahead of where we find it now, Murdoch is maybe not the man for the job of CEO. however its only another few months until we start seeing upside from AWS and other contract wins..
plus Murdoch may pull something out of the hat to alleviate the debt burden and appease the market somewhat, which of course will result in upside.
i have huge upside targets for this over next 24 months, so basically, even with the mess Murdoch has , yest again, made, its still a stock id much rather be in than out !!!
So frustrating, my 510 break even seems a long way off, no funds to top up as its stuck in my isa so can't buy at these levels. Peed right off about this one.
In total agreement, said it a few weeks ago but those that wobbled and sold down here will be kicking themselves in the near future. Just my opinion of course.
Apologies but the BB seems to have got stuck in a groove, so let's change tack?
I think we have seen the bottom in terms of SP and good levels of resistance to dropping any further. The dividend is in the process of being paid out and taken into account on the SP and it is generally agreed that a good proportion of those dividends will be reinvested in MCRO by long-termers who believe this cash generating share with long term contracts and 40,000 customers which is operating in a new world order of enhanced digital primacy. So shares will hold steady and rise slightly post dividend pay out. Good news will then underpin some sp growth and big news such as a takeover, major collaborations bearing fruit or decent update and cash generation that helps pay down debt or perhaps the selling of an asset which would potentially change the debt ratios favourably could help re-rate this share.
From now on each update and half/annual report should underpin the SP and overall SP growth should become exponential, easily heading towards £10 and in two years, potentially in excess of £20. DYOR but I am holding for the long term, why wouldn't one the MRCO return is 40-50 times greater than the typical savings account and the capital growth potential is multi bagging! Oh gosh, sounding like broken record..................