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@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.
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!
Looks good at these levels , 7-8 %?
GLA LTH maybe more with a good update in the next couple of weeks
I hope to see a base of 400p established closer to 22nd June. It seems to me that the City is parking its tanks close to the lawn but only will steamroller in if 22nd June is good.
Micro Focus Announces New SaaS Capabilities for Network Operations Management (NOM)
06/06/2022 2:00pm
PR Newswire (US)
Micro Focus (LSE:MCRO)
Intraday Stock Chart
Monday 6 June 2022
Click Here for more Micro Focus Charts.
Latest NOM release features enhancements to troubleshooting, reporting and dashboards
SANTA CLARA, Calif., June 6, 2022 /PRNewswire/ -- Micro Focus (LSE: MCRO) (NYSE: MFGP) today announced the availability of the latest version of its comprehensive Network Operations Management (NOM) solution for enterprises, managed service providers (MSPs) and government agencies. Micro Focus NOM 2022.05 has several new features and capabilities, including an offering that provides powerful troubleshooting, dashboards and reporting capabilities of the OPTIC Data Lake with the ease of a software-as-a-service (SaaS) based delivery.
Vertica and Vcinity Bring Faster Access to Intelligent Insights On-Premises and in the Clouds
06/06/2022 3:00pm
PR Newswire (US)
Micro Focus (LSE:MCRO)
Intraday Stock Chart
Monday 6 June 2022
Click Here for more Micro Focus Charts.
Enterprises get real-time access to distributed data, no matter where it is
SANTA CLARA, Calif., June 6, 2022 /PRNewswire/ -- Vertica, a Micro Focus (LSE: MCRO) (NYSE: MFGP) line of business, today announced an integration with Vcinity to deliver faster processing of intelligent insights, whether on premises or in the cloud, without moving the data. Vcinity's patented data access technology enables Vertica's advanced analytics and in-database machine learning platform to operate on geographically dispersed data across hybrid cloud environments as if Vertica clusters and its data were co-located. This approach delivers local-like performance regardless of distance or latency and enables data-heavy applications to access data in real time, where and when it is
Strathy I have averaged down with another company so in another quarter share the feeling/pain.
Hope that your portfolio is blue in other names - and who knows that Micro finally gets its act together.
I hope Mr. Ashley was correct in his purchase. I suspect if he didn’t have skin in the game as cfo there would be a bigger cloud over the company.
Would like him to add to his position. He could buy direct from me. I have twice the amount he does.
Oh dear!
I like you did average down, thinking can’t go lower than this, repeat, repeat.....
Strathy - first of all my full sympathies. I stumbled upon Micro and bought in at ca 1100, bought another tranche at ca 800 and major tranches at ca 310p and ca 270p level - by that time I was thinking “well this cannot go down much from here”…
Like you (even though in profit) I have not been too impressed by the communication but even so I believe that senior management is addressing/trying to address the challenges of the business. Sometimes a not so flashy media savvy CEO is better for the actual business than someone who can work the City and PR but does not deliver.
Like you I believe that now the time has come to deliver…but investment decisions should not be taken from an impulsive reaction.
I agree that the City and many investors (including you and me) will listen carefully to what the CEO has to say because it has been some time since we heard really good news. The fact that the current share price is low and that the current CFO bought significant amount of shares at ca 340p in Dec 2021 gives me the sense that we are near the support level anyway when looking at today’s price.
Worse than that.
Was over £20. Shot too high and got battered.
80% implosion of price since ceo took over. I will wait till 22nd and see what wonders come out. If no sign of improvement, I’m off.
I’ll be nursing a very large loss, at the moment its only a paper loss, or that’s what I keep telling myself.
Just not willing for another update (sorry we don’t do updates for investors) and tell myself the next update is the one we’ve all been waiting for.
Next one is the last one for me unless there is progress.
An average update will see this get savaged even though all the rubbish is priced in.
Too much debt, too many staff, too much board incentive payments that are paid regardless, too many over heads and declining t/o. Think that covers it?
Hi Strathy, All down to pot luck… even though I am in profit my patience is wearing thin…there were other stocks that I contemplated moving/allocating funds to but stuck with Micro as I expected a rather higher return…just look at the chart…it was at ca 1100p and now cannot even reach 600p even though it is an IT company….give me a break.
Well done Henry.. you and the CEO are the only ones in profit with this horrible share.
Micro Focus just baffles me - neither the rises nor the falls can be linked to any news or developments…
I am in profit and will stay the course but really feel this stock is beim played with.
Usual micro daily disappointing chart prior to news.
Managed to be 6th on the fallers list with no news.
Sick of this dog!
More important, lol
GLA LTH
More a grimace on my face for the past three years than a smile.
Amazon is a super tanker. We are nothing more the tug boat pulling them. Three year turn around plan is more than 2/3 done. I will be pleasantly surprised if there is good news and as ever I will have everything crossed.
The five year chart and every other chart is a disgrace.
We do realise it takes some time to turn a Super tanker around, were slowly getting there, im sure we will all be pleasantly pleased when the results are out in a few weeks, a little bit of blue is nice, but we still have some way to go yet over the next month or so, imo
GLA LTH
So sick and tired of the Nasdaq ruining every day.
Thanks Bob, good post, any chance you know why we are at just 68% of the sp value of last June, I cannot make sense of this given that in theory so much risk has been mitigated and MCRO is generating cash - I hope MCRO has something decent to report this time!
They are just saying that as they have better systems now it will take less time to produce the interim results and they can publish them so quickly after the end of the period concerned there is no need for a trading statement.
The reporting cycle referred to is the internal processes they go through to produce the figures and get them audited.
It is undoubtedly intended as a sign to the markets that the company has sorted out its IT issues. New FD is making his mark and showing he is someone to be reckoned with. As an accountant who has worked on external reporting for listed businesses I suspect he would have met a lot of resistance to doing this.
Micro focus are spearheading the Technology on this huge Capital Projects Work
Victoria’s $18 billion level crossing removal project is being used as a catalyst for transformation in the construction sector, courtesy of a knowledge-sharing and ‘smart search’ tool that could increase opportunities for accessing and reusing knowledge gained from prior works.
Director of research and innovation on the level crossing removal project (LXRP) David Murphy told last month's Micro Focus’ Universe 2022 conference that the program office is building out its knowledge-sharing tool on Micro Focus’ IDOL technology, which is used to analyse large unstructured datasets.
GLA LTH Plenty of work over the next several years
And just on cue, as soon as the Americans start pre trading, Micro goes down.
I have to agree that quarterly updates is the way to go, especially if MF believe they are entering a sustained period of positive results.
Lee. the Market will take its own view on that RNS, imo
GLA LTH I think its a good sign, that we are doing everything right and all is going to plan
Just when you think Micro’s board couldn’t possibly communicate worse with its investors, it finds new ways to enhance their disassociation with us.
Very poor show.
The U.S has a much better system, reporting quarterly.