Micro Focus Share Price (MCRO)

On a flat day, MCRO's 1% rise is yet another good result. 0.5% up today so far in the US at equivalent to 320p bodes well for next week. Roughly 15% rise this week with nice steady trend is hopefully set to continue and that is against the backdrop of the FTSE100 barely making 3% this week. Shorting this at this point would be extremely high risk as the upside far outweighs any downside, especially as the 280p and the 300p levels held up so well. Looking forward to next and hopefully positive news on any front will be a bonus.

Investors are realising that if they don't jump on board they will miss the train.

Always someone knows more than us, the shareprice talks, if shares have a run up to the trading update, then I would say good news coming, I don't think buybacks, I think like other companies have started to say Aviva, Direct Line etc, is reinstatement of the cancelled dividend. Now that would put a rocket under the shareprice, because income investors have shunned Micro Focus. Just have to wait and see.

Yes agree, buy back would help, but depends like you say how would the market reads it..
What we really need it news, so if the CEO or someone who knows him reads this, please spend a little time to pencil down some positives to help the investors in your business....

Last year there was a strategic and trading update on the 29th August.

The majority of last year's RNS were related to buying back shares, surprised the BoD has not carried out a limited buy back at these prices, they have plenty of cash and it would help the sp and generate a little more momentum, irrespective of what punters think about buybacks overall.