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.
Ah lads, I bailed today with a 12% profit. MCRO has been trading in this narrow range so I will buy back in if it revisits £10 or I might have bailed too early!
Moving in a narrow range of £10-£11.50 for months now.... not much movement upwards or downwards. I'm holding on here - but not sure of the long-term prospects of this...
Too cheap, too long!
nuri123a: I thought so but it's still trading within that narrow range. Not getting much of a sustained run here. Likely to bounce tmrw but to lose 5% just like that! If it drops again, I'll buy in again, try and recoup losses elsewhere!
Been interested in investing here for a while. Not sure if to buy now or after results next week . Interested in opinions
Garydav2 - on this I feel ill-equipped to give you guidance. On others - like, for example, Aviva, I've always held for the last two years that its undervalued (NAV per share at £4.23 is higher than the actual share price - so for certain undervalued). I've also been very keen on RBS - again NAV far in excess of share price. In terms of Micro focus, its ones that could still go either way. Based on the trend last year and on revenues, its very undervalued. I've got £35k on these and will hold. My advice is go with your gut. I wouldn't be holding if I thought there was a real chance of more significant movements down. I could be wrong... who knows. My gut tells me that an improvement in the macro-environment will benefit Micro focus more than most. Also, the individual values of parts of the company are worth far more than the overall value as the divestment of SUSE showed.
Garydav2: It's a tough one. I bought in October at €10.03 and it almost touched 11.50 on a number of occasions. The people in the know, not me btw, seem to rate MCRO but the markets don't. I was hoping it would drop some more yesterday so I could get back in. Seems like a decent long term hold, as its's tested the £10 mark on a number of occasions and pays a very decent dividend but the question is still weather to get in pre- or post results..that's the question!
Someone knows something that we don't.... dropping almost 6% on the basis of no news... interesting....
leak.... expect further drop before close...
istock. I must sell up on the basis of your authoritative post.... shares go up and down.... I won't be selling.
nuri123a, I am not trying to deramping at all, I have been watching this share for months now... over 6% swing in one day... can't say I see that often at all.... anyway only few mins before close guess you will be able to find out soon enough, gl
istock.... I see swings of that nature almost every day... BT case in hand! RMG! Fresnillo! Marks! The list goes on...
Clearly someone knows something. When is the next update, Monday?
Could see further declines tomorrow.
Tex: Tuesday I think. Hard to know whether to get back in on this dip or is there a big expectation of a poor update!
I have been in and out this share several times. Currently I am out of it.
For me, this sudden drop is too big and too close to the next set of results and update.
If we start to see a recovery today maybe I will dip back in, otherwise I will probably stay out of it at the moment in case the Tuesday outlook is not as rosey as expected and still showing a material YoY decline in revenue.
Just my opinion.
Yesterday's move was entirely down to shorting - Jericho shorted 0.5% of the shares. This isn't a problem for me as it explains the reason behind the drop. What would be a reason for concern is if they knew something others on here didn't and that something is revealed next week!
3 x earnings. Wow - super cheap. valued at half the HP acquisition, and then there are all the other parts of the company.
Wish I had £10k spare. My funds locked up in SVS. Have £20k cash there but cant get my hands on it.
nuri123a: I wonder if this is just nerves prior to update tmrw. I think I will have to take a punt at this price!
Maucha - I would be more than happy to put a few £k in but very constrained as my shares in lock down at SVS. At 3 x earnings and in an industry that could see big growth over next few years, this serves as being very undervalued in my opinion.
Thanks nuri. I've put in a few quid at €9.94. I was in here previously but took profit a few weeks ago at €11.30...one of my few recent successes!! I take your point on valuation so we'll see what the trading update brings tmrw.
6x earnings and 10% yield feels like a lot of bad news in the price already? In addition, guidance in November was that things hadn't got worse. Price change suggests that this may have changed, but company worth $4bn generating free cash flow of about $800m seems to cheap to me. I've been buying at 990p this morning.
nuri: How long is SVS taking to sort-out..6 months? You need access to your cash. Did they move any shares held or are these also in limbo too?
August last year... nightmare
August last year... nightmare