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Thanks for that Mark, I didn't quite get it but I understand now. I could never quite get why they would show as a buy or a sell because in reality they are both.
But I get it now , thanks to your second post.
1,000,000 vs 1,000,001 that should read!
>That's a rather large nasty UT sell today.
JG68 I dont think you understand what that means?
To put it into context the UT will show as a SELL if the volume of all SELL orders in the post market auction are greater than the BUY. So you could have 1,000,000 BUY orders and 1,000,0001 SELL orders and it will cross at the price at which it satisfies most orders and show as a SELL
That's a rather large nasty UT sell today.
Write not right. Ffs if you going to spout ****e at least sell it correctly
Can't share holders all right letters of no confidence in the board?
Im expecting a funding round next for the debt... GLA
Sub 200p coming, I may even have a punt on the old dog... GLA
The CEO definitely needs to be replaced as this current incumbent has not had much success in turning the Micro fortunes and shareholders value upside, this is definitely a dead duck for time being and needs something of a cold shower!
You don’t need to play this. The board does it for them.
Doesn’t need a take over, not yet anyway. Does need a new board or at the very least a new head. This needs to get back to £4/5 before a takeover of £6.50.
The last time the share price was at this level, the announcement of the partnership with aws brought it back.
The market and many others have had enough of their dwindling sales and further into the future return to profitability.
Though I agree with the multiple sells of 210 it’s not needed.
Plus this is being played like a violin, just counted 28 x 210 AT sells in 30 mins.
They're trying to drive the price down.
For a company that's supposedly on track for year end 23, the markets really have doubts about this.
Year to date down 38%
1 month 32%
1 week 13%
All very well that it's a turnaround and in transformation, but surely there comes a time when the IIs start making noises, because it really is an incredible decline in market cap over the last 4 years.
The PR from Micro is bad enough, the company has huge potential but just cannot manage contracts PR elements, boost shareholders value and share strategy, i would still say it needs to be taken over as i just feel the current management team are not good enough to take this company to next level in sales and increased profits/turnover. Time for someone to start building a stake and take it over imo.
Million buys, minimal sells, still can't stop the drip down
Be interesting to see if there is any support once the yanks open
Yanks are celebrating 4th of July today…
Year low. Usual 3pm dip but can’t blame the yanks this time. Just bought another bunch to bring the average down. Used the divi money sitting there.
-80 what a disaster this is! Average into the early 4s after today’s buys. Falling knife perhaps, who knows.
Sick sick sick!!!
Does anyone know why there hasn't been an updated broker rating since June 21, over a year.
This seems to be the only stock I hold that hasn't had an analyst update as in the above section.
No, its definitely 215p.. Plus dividend will be reduced.
Peakyclemoc - why do they need to do that? They generated 180 mill fcf in H1 and paid down 500 mill debt over the last year. I think its mental to think cutting the divi would matter. I think its the revenue drop is the problem but that's the market getting ahead of itself. If a company says they will deliver X, why does the market then punish them for delivering exactly X as they said they would. The AWS service started only in June so nothing has materialised yet but that will deliver over the next year.
Just another fool on here.
So where did you pluck 215 from?
Why not 195, or 207?
All that is certain imo is that this is 100% reliant on US markets for direction either way, and without actual positive news from the board, this will just mirror the US bear market.
So all we can hope for is that they are near the bottom or the second half is better than the first 6 months.
On days like thus when they are closed it becomes clear how toothless the UK markets are.
Even the BG US growth fund full of tech is up today.
This time next year Rodders!
This is heading for 215p. Dividend also needs to be cancelled or cut in half... GLA
No news,‘ continual slide. Dire is polite.
I’m many 000s in the hole with this one.
Yet according to the board the plan is on target.
Only hope the new non exec director is really there to take over.
??
Just Dire.
Best option for all in light of the share price meltdown and i hope the CEO takes heed of this is a bid situation, AWS would benefit from an integrated approach to take over MICRO is my opinion, synergy is there for all to view, or a bid from an aspiring technological company to kickstart Microfocus. Something needs to happen to awaken this one IMO.
Only the point on sales. Rest is BS. Also sales inline with expectations so company is delivering what it said it would. Guy is an idiot.
Mentions debt...did it reduce or increase...reduced yet again. Always go on about bankruptcy...company generated 190 mill fcf in half a year, not including the sale of the archive business and debricked purchase. Please explain the logic behind bankruptcy as I'm confused
Nuri has a valid point, and simply has his view which many will agree with.
Currently this is a basket case, we just need another board and some luck to bring it back.. GLA