Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Yeah temporarily it was showing different % increase as if today, so ignore me!
I see $7.19...£5.14.
Am I reading the correct US open price on this?
That's 10% material impact on revenues but could be substantially higher.
It'll take a while to filter in but it's coming and that's what your buying into.....future value.
So in mid-late 2017, the SP was £25+. based on forecast revenue decline of 2 - 4% p.a (management incentives were, IIRC, based on a target SP of £32). A (10%) 'material impact on revenues' would move revenue from decline to growth. Add to that MF's recent success in securing debt to 2024, reducing debt, stabilising the business, largely completing the HP integration, being up-and-running (half the business) on the new technology stack, driving out cost and keeping a steady course (with further cost saving) during COVID. I won't be selling at £8.
I'm not good at maths but my average is 4.58 after buying more today so I'm not sure I'm down. My app says I'm up but Clemoc says I'm down...so I'm down. Fml the clown
Every BB needs a loony who refuses to admit they are wrong despite the ever mounting factual evidence.
Excellent entertainment and very funny. Keep posting Chriss.
Chill out eveyone. Short term who knows how the SP will go....lots of different positions to digest the RNS today. Medium term...SP only going north imo
Bearded dragon u seem to know everything about the market I’ve been here since 220p muppets like u, know everything or seem to think so
Zahir, you have absolutely no idea how the market works so please stop talking nonsense.
This is huge and wait until people realise the benefits to both the company and shareholders of Microfocus, still a potential takeover target and its still cheap in my views with lots of potential here.
The Amazon investment arm, with a separate performance remit, will be eying up 3-5x+ returns on the AWS operations' value-add to MF. It further demonstrates credibility too.
hope to see a finish above 520-530p would be great. It's MM's trying to fill their short orders.
US market opening in 10 min should see this head towards 550p by 3.30pm
AJ Bell
Infrastructure software firm Micro Focus (MCRO) has announced a commercial deal with Amazon Web Services (AWS), the world's leading cloud enabler.
The agreement will see the pair work together to help large organisations with to modernise their applications and allow to make the jump into the AWS Cloud ecosystem.
ROUTE TO THE CLOUD
This is big news for the UK company and investors were all over Micro Focus stock in morning trading, sending the share price surging 17% to 510.6p, pushing the value of the FTSE 250 business beyond £2 billion. But investors haven't seen anything yet, if the real value of the AWS deal can be successfully tapped.
AWS is clearly setting its sights on public sector organisations and big corporates juggling large and legacy IT stacks that have been built-up and bolted together over years into unwieldy monsters. Think banks and other financial institutions, or welfare benefits departments, for example.
This is an open invitation to join the cloud party, that by using the IT modernisation tools of Micro Focus, large organisations with complex technology needs can be put on the road to AWS applications and the benefits that cloud implies; faster, cheaper and more flexible applications designed for today's digital world.
HUGE REVENUE SCOPE
That Micro Focus has issued warrants to the tech giant’s investment arm to subscribe for up to 15 million shares at 446.6p each is also telling. These warrants will only be triggered in full if AWS is able to put meaningful business Micro Focus' way, or 'deliver a material impact' on revenues.
Material often means 10% or more in City guidance speak, so investors can probably expect a minimum of $300 million, based on last year's $3 billion total revenue, and quite possibly a lot more.
'The modernization of mainframe applications and workloads into cloud environments is increasingly becoming an imperative in the digital transformation programmes of large enterprises worldwide, and this collaboration has the potential to drive new customer adoption and growth within our Application Modernisation and Connectivity (AMC) product group for an extended period', said Micro Focus chief executive, Stephen Murdoch