Member Info for AIMOilking

Only 15k paper loss, not rant worthy! However, I agree with all your points. The last contract notified was for 120m, but perhaps under 100m doesn't warrant a RNS. Like you I would like to see more positive news stories, I am sure that would halt the drifting.

US sp now 4.4% above UK sp, this does not make sense, it will be interesting to see what happens when the US markets open.

Sorry I Meant 3%+ higher difference between US and UK markets.

Up in the US , about 3%+ higher, hopefully that will bode well for the MCRO sp in the UK tomorrow.

Denfos, you are right they are heavily in debt, HOWEVER, this debt is already secured to 2024, they have just reduced the debt by 175m and associated on going costs have been reduced, they have 700m of cash and revolving credit of 350m, so the debt is being addressed and managed. The banks would not loan this total amount without the following, considerable free cash generation, decent margins on long term contracts with some 40,000 customers worldwide. A company that provides embedded software effectively embeds a long term contract and cashflow. Customers may be struggling but apart from the lights, their software is the last thing they will turn off or fail to pay their bills.

In summary, yes debt but manageable. The next set of results should help to set the record straight and support a higher sp.

Up int he US last night, currently 13p higher than the UK and we are down 9.9p as I write. I relaise that without news MCRO is likely to drift but I would have thought the last RNS would have taken the price higher before drifting. Having bought recently, I did not expect to see 277p again. This is both frustrating and disappointing.

hTTps://www.gurufocus.com/news/1231728/deep-value-in-micro-focus-international-).

Hopefully soon!

Nice rise today - shorters must be starting to feel their collars..........

Still 10p ahead of us in the US in terms or share price. Disappointing day in the end with a slight fall but with time the pressure of some good news (cashflow, dividend, buyback/directors deals/contracts etc) will grow and my guess is shorter will soon loose their nerve. When the shorts start closing, we should see a much better upward trend develop.

Back in positive territory just the US market is about to open, hopefully end in the blue today.

Currently up 4.35% in the US, a higher rise than here which bodes well for tomorrow.

I must admit I would like to see the shorters squeezed, they have had their fun and should not be so greedy.

It is about time we had some contract news, new contracts help boost confidence.

Director buys, share buybacks and news on resuming a dividend would also be welcome. Roll on November and a decent update. I remain absolutely convinced these MCRO is undervalued and the market does not appreciate the business model with long term contracts associated with embedded software and consequence long term secure cashflow and effectively a massive forward order book.

Clemoc - in complete contrast to the last brokers report - MCRO should be re-rated anyway.

Be interesting to see if US picks up on this and the sp rises this afternoon, disappointed with this mornings performance.

Hopefully the market will wake up to this last RNS, the BoD have made a very clear signal on several fronts such as cash flow is strong, debt is being reduced, £700m in cash after repaying £175m, rolling facility still available (£350m) with reduced costs. These all point to a BoD having the balance sheet and business under control and a high level of confidence. I know I keep making this point but this is a business with decent margins, long term contracts with embedded software, good cash flow, 40,000 customers and the company is seriously undervalued. I am expecting 340p very soon and hopefully a lot more as news comes in. The US sp is already up 3.71% pre trade and the US Tech stocks are motoring, so I also hoping for further action here after the US markets open. All in all a good day - DYOR.

I have been disappointed to see the sp fall back and below the 300p level. I think we have seen some profit taking which has seen the sp fall back from the 335p high and now punters are sitting on the fence and waiting for the update, which last year was on the 29th August. With the bank holiday, will MCRO announce news prior to the bank holiday on 28th and allow the media/analysts to digest over the holiday or will they announce on the 1st? Will there even be an update, as mediocre update could cause drift until news turns positive. I think we'll run at this sp level up to the wire, let's hope they have some good news and no nasty surprises. Good news and 350p will be history and really good news perhaps 450p, the fact is as a gamble the upside is way bigger than the downside on MCRO.

Last night's RNS was positive and especially so as it countered the previous RNS.

MCRO hit about the 335p mark in the US yesterday before falling back to 325p. In the UK Mrco tested 327.5p before falling back but still beat the FTSE 100 again and maintaining the positive trajectory of the last few days, this seems to be going only one way after being oversold.

If the FTSE holds today and US opens strongly, I would hope to see MCRO in the low 330's today. The past few days has seen a steady positive trend against volatile market conditions and base line levels challenged but holding well, particularly in adverse market conditions. I am hoping this steady progress will continue until we hopefully receive an update at the end of the month which is not far off. If there are no nasty surprises and some positives, the sp will hopefully continue to rise towards some of the broker targets which are long way off yet. I do hold MRCO, this is my largest holding in any share and I intend to sit back and enjoy the ride comforted by the fact that the Board has been decisive in relation to the current crisis, cash is in the bank and finances controlled medium term (2024), it is a cash generating business with massive customer base and long term contracts due to embedded software solutions and contracts. Probably sounding like a stuck record but then I have stated this view from 270-325p, although I admit I did not quite expect the overselling that caused the drop to 270p, but then it is not the easiest business to understand. Broker targets are in the 350-950 range, half that will do nicely in the next few weeks.

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.

Given market conditions today, surely this another excellent day for MCRO, 0.7% rise against a market fall of 1.27%, the base line resistance seems to have moved from 280p to 300p, this all bodes well for a decent recovery.

Market flat and MCRO up over 3% and breaking through the psychological 300p barrier - bodes well, especially with US price steaming to 311p equivalent. Things also unwinding a little in the US on pretty much all fronts (support package, China etc) which will help sentiment in the US and here.