Member Info for JG68

And it's not even 2.30 yet!!

IAG and others just fell off a cliff on that announcement.
CINE and others may follow suit.
The market is so sensitive to the slightest comment, that isn't really that bad or inappropriate.
Just a blip, not selling for dear life.

Not until 2.30 tomorrow!

Telegraph yesterday said analysts main concern was ability to pay down debt despite results being in line with expectations.

Something like 438 6th July 20 to 350 ish 7th July 20, another huge drop on interims, then made its way down to 211 before recovering this year.
Possibly same cycle again, so if your maxed out in sipp and isa and showing a loss in both, which I am, I either hold and wait collecting dividends, or sell and buy back cheaper if it carries on.
But possibly some better news might be in pipeline sooner or later in the year.

Do you guys think this will still drift down?
I've read some people talking about a gap at 442 and then possible further downward momentum.
Surely this couldn't have been 20% overpriced which is what it's dropped so far. I know companies are priced on future earnings etc and the lack of info on that yesterday couldn't have helped.
The Times is saying that the analysts have lowered their targets as a result of the financial that were revealed yesterday.

Bottom feeder
I'm not a tech chart person just a layman, but when you look back at the historical SP as far as it goes, you would have to question if it was grosly over priced last year due to covid and online momentum.
As I said in my other post, few months ago it was down from 290 ish to 250s for no reason , I kept doubling down to bring my average down to approx 250s, but I was asking on here if anyone felt it was overpriced.
I hope I'm wrong but after such good results, it's either a correction which could have been done previously, or there is something brewing with the 3rd broker appointment as others have discussed.

I have been clobbered the last 2 days firstly on microfocus and now this.
I always had a horrible feeling a few months ago when this was getting walked down daily on no news that the share was overpriced. It had never been anywhere near the 300 level prior to covid. If they can knock this like this on excellent results, they may not be finished yet.
Just have to hold until better news brings it back.

The negative part of the HL summary said:
Micro Focus International's adjusted first-half profit fell 7.7% as the software group's revenue fell.

Adjusted earnings before interest, tax, depreciation and amortisation dropped to $519m (£376m) in the six months to the end of April from $562.6m a year earlier as revenue at constant currency fell 4.6% to $1.43bn.
Nothing to warrant the smashing.
Only thing I can think of is they were expecting some update on recent tie ups with AWS etc and so they got stroppy and just slapped it back to 450-500 range.
I topped up too early today at 520 and then 480 but I'm still averaged above 500 so a bit gutted.

Gladstone decreased yesterday, and volume of buys x 2 the sells.

Yet people keep saying it's undervalued, worth 8 x current sp etc etc

If there isn't a problem why woukd this happen, it's not logical

It's joke to have 10% wiped out in a day on decent results, anyone would have thought they issued a profit warning.

Are we out the woods ?
I'm just staggered at the reaction yesterday and today, not complaining at all but could be a mind ---k to lure into a false sense of hope!!
Do people think this is shorts buying to close?
Excuse my ignorance

Again I read all the positive stuff on this board, make my own decisions, but have to question why would the market react in such a way to expected results?
For any new investor looking for a solid growth company to invest in, woukd run for the hills now.

And unless Murdoch was expecting this, it would be nice for him to question this himself during the q & A session.

Just cannot understand the financial logic for this, unless they were expecting more, mention of increasing dividend, some update regarding the recent tie ups.
We're all of you expecting such a negative reaction?

What is the justification for this?

Not expecting huge gains today but 5% negative, really!!

Market not too happy at the mo

Why such a reaction initially?

Wellington
Thanks will have read .