Member Info for Bobsto12

Yeah well done to the negotiators. It must have been really tough getting the EU to agree to a deal that guarantees access to the UK for their massive trade surplus whilst giving them a free hand to attack our financial services industry with every dirty trick they can think of.
At least micro F is immune to it and will sell its software to wherever in the world its customers choose to locate themselves.

So he's basically having a conversation with himself?
weird.

I'd be amazed if the EU didn't sign a deal as its hugely in their favour . As it excludes financial services they will have free reign to use any dirty tricks they can think of to get EU related business moved from the City of London whilst guaranteeing an export market for their huge export surplus in goods. The UK won't be able to retaliate to defend its financial services industry.
Our government will dress it up as some sort of triumph but it is nothing of the sort. Why on earth they didn't insist on FS being included is beyond belief and just reinforces the view that our politicians simply have no idea of the consequences of their actions.

No I read the right column in the first results after the acquisition which disclosed the sales split of the acquired business for the reporting period before any interference from MF management had taken place, it was 55m or more importantly 8% of the total. Perhaps you weren't as crucial to HP software as you thought you were? We're all legends in our own minds.

So 3000 highly paid consultants generated 55m of revenue ie 18k each? Even if as you say they created follow on revenue from licenses given that they would have billed their time out for work done they weren't exactly over employed. I think most companies would suspect pruning might be needed.
There was a reason HP were desperate to get rid of the business .

Out of sheer curiosity I had a look through the stats published by MF after the acquisition . They show that of the HP contribution of 660m 55m was consulting revenue.. ie pretty minor.

Micro Focus earns most of it's revenue in $ outside the UK. A no deal Brexit will clobber the pound and send the value of those $ earnings sky high along with the gbp share price.

Call me greedy but I'm a bit disappointed that it only went up 15% this morning. Bit like the Nelson at Trafalgar being told he had captured 19 French ships "oh I counted on 20" .

The Amazon news is major endorsement of the company. I also expect they will announce in the new year that the systems integration work is nearing completion( now they have done it themselves and jettisoned the garbage HP gave them) which will be a major financial millstone removed.
Many years of investing have taught me never to be sure of anything, (there are black swans everywhere) but I have never been so convinced a share will double in price at least.

I think 500p is at the absolute bargain basement lower end of what this company is worth. People who criticize its declining sales volumes don't really understand the business model which is purchase mature to late life cycle software brands at cheap prices and squeeze profit out of them. It used to work perfectly until it didn't and things went off the rails because the new IT systems HP provided for the spin off that the rest of Microfocus was intending also to migrate to were a total failure and chaos ensued. I was thinking they might sue HP.

Being offered MF share at the current price is like being offered free money in respect of future returns given that we know for sure it is going to survive, covid will be over by March and it will not be affected by Brexit. It's probably just a race to see how high the share price goes before there is a take over bid.

yeah the AA used to be really something. Genuinely socially useful organization devoted to the highest quality in all its endeavours destroyed utterly by stupidity.

This should just be the start of a massive re-rating as its still hugely undervalued.

opulentia- yeah you should apply for a job in their investor relations department. You could them you've got plenty of experience doing their job for them on here.

Yeah Stephen you're going to have to improve your communication going forward. This business of being incapable of scheduling a formal date for the trading statement is really getting on my nerves. It hardly inspires confidence does it?

Looks like the penny is finally starting to drop .

i really do think that the complete lack of any communication by the board is at least part of the reason why there are no buyers for the shares. It breeds mistrust given recent history. I hold on bravely though.

It's against my religion usually to add to holdings in losing positions but this time I have made an exception albeit modestly. I am well aware the company has a recent track record of disappointing but at the current share price you have to ask yourself how whatever they announce could make things any worse.

Markets are starting to worry that there is not going to be a return to normality, even a vaccine doesn't prevent this thing recurring even if it works and is safe enough to administer.
Micro Focus is a virtual on line business sells licenses that have to be renewed so it'll survive. No idea why its so cheap when other businesses that are being much harder hit have fallen less.

I think part of the issue is that the market isn't being told anything by the company.
Hopefully the trading statement will will help.