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i would place my holding that you will cheapsharesboy.
agree with PVX233 , well put.
its a fair point that there is not a floor in any stock other than zero, however to my mind MicroFocus was priced to fail at £2, AWS taking a stake, albeit indirectly, is a vote of confidence. do you naysayers believe that companies like AWS do not perform due diligence before this type of strategic position?
must admit this has retraced a little further than i expected over past couple of months, i have not reduced my holding by a single share and my price targets are still a great deal higher than where we are now on a monthly , quarterly and Yearly timeline.
my funds are of the patient variety. i will await my upside targets being met then reassess accordingly.
good weekend to all.
Nuri - I gather from your posts that you sold off MCRO for a loss of £22k. So I understand if you deramp here now.
Instead, you bought Vodafone. Ok?!
Well, I recon I'll make more with MCRO bought at 484p than you buying Vodafone at 140p. Regardless, good luck!
Nuri - I'm definitely not completely delusional.
I've doubled my ISA over the past year, albeit traded too much. I'm now settling slowly to value holds, and I mean companies that are extremely good value. Micro definitely seems like one of them. Revenue machine, best sector, Amazon contract plus many others. I think the warrants help too. Big boys know that if Amazon pays £4.46 it's worth double at least. Look at petrofac too - was under a £1 now setting a base to fly from, up 35% now. This stock set a base at was it around £2. So it's up 130-140% so nicely set up for long-term recovery. If this qualifies as a delusion - I want more of it because it is making me money! All the best all deluded investors !
You've always got the option of shorting mcro if you think it's overpriced. I don't understand why people get so angry. Buy or sell but don't blame others when you get it wrong. As for mcro, I'm just buying the cash generation here cheaply.
Nuri. During the earlier part of 2017, revenue guidance was from zero to minus 2%. The share price was then £25ish. You are telling us that MF now has to significantly outperform that in order to keep the price above £4. Please explain.
The company already said that growth isnt expected to 2023. Im starting to think you are a troll and your investment is fake. You probably work for one of those Bot farms which try and neg out investors to sell so hedge funds can buy cheap.
Dont be completely delusional that warrants for Amazon put a floor on the share price.... NOTHING puts a floor on anything other than a company going bankrupt.... this will draft back to £3 range in next month or so unless Microfocus announce sales growth - i.e. sales going up as opposed to down - I had no faith in this company and its turnaround plan is pretty poor....
Bought some yesterday and today.
Looks like a good time for buyers.
Amazon warrants at 446p puts a floor on the shares and there is no upside limit. So definitely one of the top buys currently. All the best to holders