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.
Looks good at these levels , 7-8 %?
GLA LTH maybe more with a good update in the next couple of weeks
Good to see you back Op, your optimism knows no bounds.
If it was a good yield before, it must be a great one now. What a dog this is! The 250 falls 2%, good old Micro -5% mmmmm. A good update gets to £4
This is getting close to being priced to fail and I am getting close to taking a big hit on this and leaving the worst board in history in my rear view. I will wait for the 22nd, like everyone else and probably go to the pub after!
@strathy: I am used to Micro Focus share price overreacting- I am a bit dismayed by the fall on Friday but not too surprised given that this is a pattern that I have seen before.
Anyway Micro is dirt cheap at the moment so it can almost only go up from here.
22 June will be the key: If tangible progress can be seen than this will climb over 400p.
Given how the stock market is doing I will be exiting Micro if this is the case as I fear the clouds are gathering for the stock market in general.
I hope you are correct in respect of “can only almost go up from here”. I’m afraid I do not subscribe to this however, I hope your right. Should the update not show any movement toward enhanced sales, reduced debt,‘maintaining margin then, this will test the 2 year low of 247.00. Thought these days were behind us. Nope.
@strathy: Actually when I was writing my former post I was also thinking what you brought up. My thinking is that the CFO would not have bought at ca 340p level if he didn’t believe that this is a good entry price.
What I was trying to say is that this share is so cheap and already looks so dejected that management needs to come up with a stinker to drive the share price further down.
Personally my hunch is that this ship is being slowly brought around….however now that the whole market is turning south the question is whether price action upwards will really recompense us for being so loyal/patient with Micro Focus. (Loyalty towards a share buys you nothing…)
Yeah, I agree with Henry. According to the RNS info, the plan is being delivered on but we could be swimming against the tide for a period now. Just how long this bear market affects the SP is the question….1, 2, 5 years?
My personal wish would be for the debt to slowly but surely to get paid down whilst the broader market is depressed and then this behemoth can enjoy some plain sailing up into double digits again.
Well, that’s what I’m hanging on for anyway.
GLA