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.
Back to March level.
virtually at cash holding level , the Company just needs to deliver on its 3 year plan,
GLA LTH Directors currently underwater , will they be back for more??
The sp is falling again ...
So never say never that it won't.
Today based on present fundamentals, anything less than 550 is a grand bargain for the currently much undervalued MCRO shares; Tech companies are now proving to be immensely more resilient during this Pandemic since most companies are now forced to rely on technology even more than before and this trend will start to reflect in the MCRO business a lot sooner than most anticipate today, and later once global normalcy resumes this trend will still further continue IMHO, truly massive upsides ahead here, please DYOR.
Hope market likes 400 better than 300 :-)
They didnt like
2000
1900
1800
1700
1600
1500
1400
1300
1200
1100
1000
900
800
700
600
500
..for very long.
Bought a few more at 306, leave it now for the time being.
Did a good buy yesterday with BOO at 210, so up to press a good day for me.
Massive overreaction to the interims here. Yes MCRO recorded a 922m goodwill impairment charge but it was the correct thing to do and puts the business in a good place moving forward. No debt to worry about until 2024.
Both M&G Plc and Causeway Capital Management LLC have taken large positions in the company, each with an approximate 5% holding and both bought within days of the interims. Looking good for recovery over the next year
Micro Focus is currently my largest share holding with an average purchase cost of 365p but I feel reluctant to add even if it reaches 300p until some positive news is forthcoming.
A lot of debt but secured through to 2024. The nature of the company and its contracts mean that it effectively has a good order book going forward which is spinning of cash with an overall margin of 40%. It is true some customers out of the 40,000 will go bust, not be able to pay or go to another supplier but the latter will not happen over night. MCRO will win new business and is developing 500+ new products a year. It is also likely that MCRO will pay out a reasonable dividend. So, yes they have made a big 1bn right off but hopefully that is forward thinking in terms of anticipating any bad business or post Corona market conditions. In my view MCRO has been considerably oversold, partly because the market and shorters jump on any bad news and partly because the IT business model remains alien to a lot of not so smart analysts. From this point, I believe we'll see a steady rise, after all cash is king, the shorters have had their fun and will be squeezed and then well see MCRO reach £4 with little effort and company good news along the way will accelerate the sp rise.
In again at 310 don't know if i have made a boob or not this time, time will tell, but these are not as good as before the trading update, i cannot see these going up 20-30p a day like they used to before, i think the market are a bit wary of them now. Could be a takeover prospect, but then again a hell of a lot of debt.