Member Info for JustHereForHemo

Shorts today lost around £3mil (of their profits still very much in profit territory)
The rise today was made by investors piling back in not shorts closing.
We had a volume of 2mil shares, if Shorts decide that the SP is going up with or without them they will start to close their positions. Imagine what would have happened today had a +VE trading update landed and shorts all decided they had to close ASAP? 12m short shares.... only 2mil TRADED today.. 1mil sold....
Shorts need 12 MILLION shares, more than 6 times the daily trading average . Confidence is returning to this stock, I think its a given that the trading update will be positive based on the social media.
There is a short squeeze coming here, LOTS of share holders have been here since £5, even £10. This is not an AIM stock where people have been burnt and decide to bail as soon as they break even, investors will know this is a solid dividend paying stock that is massively undervalued.

Hold for the trading update then hold for shorts to all close. We need to see the figures from these recent contracts etc, if they are good being back where Micro was 12 months ago at £10+ is not unrealistic. If they are just ok but show improvement in the books? Well thats enough to cause the shorts to call it a day which on its own will be enough for £5.

I am aware trading update last year was 20th but have been led to believe it will be sooner this year, hopefully this week but if not 2 weeks is not so long away!
Markets seem much happier we have stable Joe not Crazy Rump anymore so that on its own should give us a bump, then positive update which will attract significant amount of investment from investors sitting and watching, then ofcourse short positions being closed...
We have seen this share lose 50% of its value a few times in the past year over only a day or two. Do not be surprised to see this do 100% on positive update :-)

No lol, I still hold some, and ill be back at some point. CDX is the only thing on the short range radar likely to seriously move the SP and it will not be until early jan at the earliest and possibly march. Micro will bag well before then, so even if hemo is 10-11p..... Plus how many holders have switched off expecting to come back 1st december expecting to see licence not realising there was an extension and then sell?
I love hemo, but just makes sense to spend the time wisely and MCRO will do very very well. DEV... Well thats another kettle of fish. Timeline matches Hemo almost exactly within a few days...... I will have to see how both develop, DEV currently more undervalued given the finance price of 10p so makes sense to leave it for now

Thats the rub ;-)
Shorts brought us to this level but most sellers are gone and there is only really the robo traders at this level. They will be caught between wanting to close and take their profits and hope and praying that the trading update next week is negative and wishing the company goes into administration. Debt is secured, company is generating revenue and looks like lots of new contracts and revenue so administration is off the table.

So how on earth do you close what 12mil shares + when the average daily volume is around 1m???
I suspect they have to wait for news and plan to buy on news to hide their trades.

absolutly, 10p should have been a firm base BEFORE this BEFORE Lenovo. IMO if this Phase 1 goes well and India licences for even 10% of their what 220million students? What software licences for less than £10 these days???
Its very hard to imagine the final licence being anything less than the MCap of this company.
Explains delay in prospectus, explains the bringing forward of the funding, this will need massive ramp up of their cloud infrastructure.

somewhat of a surprise, you have to imagine this is a deal in the 10's of million range for Dev.
This is like a bonus, for me I am waiting to see what revenue the Lenovo deal generates, this company is going to multi bag within weeks.

Hopefully :-)
Update probably next week and by all accounts there have been very positive whispers so you must imagine the shorts dont think its worth the risk. Really for shorts they got as low as they could so it was either hold for Micro going into administration OR close. Well administration is not happening so.....

Question is how good are they at closing without making it obvious or spiking the SP While they are closing?

From his post bounty hunter who was previously talking down mcro has bought in today. As for capital raising... Err no. This is a profitable company and debt is secured for 4 years. No reason not to return to the dividends.
Personally I would love it if short positions were 7%+ if the news is good then they will have to close while competing with regular investors. I am extremely bullish about the upcoming update, expecting the social media excitement and activity will translate into some serious new contracts.

The american stock is up 4.5%, if the shorts are not getting nervous by now they have bigger stones than I thought

They are trading on tiny margins, when news drops they will be gone very quickly so worry not :-)

And 4% in the states....

L2 looking good, can change at any second I guess but the order book on the ask side is getting smaller by the second while the bids are piling up :-)
Very good news if shorters start closing.

Thats one good thing about Trump, plenty of experience with Bankruptcy, leverage the USA to the hilt, rack up trillions more in debt then just declare the USA bankrupt and call it good business :-D

Very counter productive, wall street like trump because he hands cash to rich old white men. HOWEVER he does that at the expense of the nation debt which is at record levels and growing. A trump election may result in a small bounce now but unless your selling within the next few years to retire long term the USA has a big debt problem to deal with and when they face up to it its going to be much worse if there is 4 more years of Rump

r u for real...bountyhunter....
Clearly you are shorting and were hoping for much lower entry point.
Idiots like yourself have bought into this idea that MicroFocus is going under and the next trading update will be negative.
Yet for some reason MicroFocus keep posting positive news stories about their work and partners keep singing their praises... What exactly are you hoping to achieve? Are you hoping to convince some PIs on here to sell out by telling them the trading update will be negative contrary to the news feeds we are seeing?
Why???
What is your aim here??
Please god dont tell me you really think your efforts could affect the SP of Micro Focus by even 1p?
Your efforts on here are a complete WASTE OF TIME, you talk down the company as if there are enough sway able investors on here to what sink the SP to 200? I 100% believe if I sold my entire holding on here tomorrow it would not make a button of difference to the SP, nor would my positive ramping if I convinced people to buy make even a penny difference. So Please answer me what is your motivation???
Do you disagree the SP tanked because of HP, bad debt and subsequent targeting by shorters and IIs bailing?
Do you then agree that per recent RNS debt is secured until 2024 so any chance of going under before then is massively diminished?
Finally do you think the social media output talking about the new partnerships and work that Micro is doing is false?
If you tell me you drew this chart that has 190 I will tell you where to shove that chart, charts have sweet f a to do with why this SP is so low and we all know it. I am sure the Shorters would love to hit 200 before they close, wonder will they all have the honor to stick together to 200 before they start closing earlier.. Will they be kind enough to hover around the 200 mark to let investors on the sideline buy in before they close?

There is a public slack for NI tech, feel free to join, its targeted at workers to discuss working conditions benifits etc but very friendly and people know which companies are doing well and which are sinking ships. Its not for investors to go asking for inside info though, so if you just go and ask about contracts and finances you will get kicked pretty quickly.
RE why sharing this story? Its not a story its just my point of view and I wrote it after seeing some posters trying to scare other LTH'ers into selling or spook people into thinking this company is going under, that is just not true.
It makes close to zero difference to the SP what we say on here, this company is MASSIVE I doubt very much if the people influenced on here to either buy or sell would even register at the end of the trading day. My holding is insignificant, all those wasting their time talking the company down are wasting their time, maybe if this was a small AIM company it would make a difference but seriously....
I am not here to convince any one to buy because I think it will help my financial situation, I am holding until news drops and the shorts are all closed, simple as that. I really do suggest that LTHers that have been stung get their news from RNS or follow the company on Twitter and get a feel yourself for how they are doing and dont listen to armchair experts on here who have charted a target of 190p or some other bs.

I live in Northern Ireland, work in the IT sector in Belfast and its a small and tight community. I have a few friends working at Microfocus, they are working hard and have been all through covid. As professionals they unfortunately don't talk shop but they are extremely positive about the company and its short term prospects. This just is not a company that is at deaths door. They are recruiting, they are extremely busy, they are continuing to make money and they have solved their debt issues.
I always like to invest in companies that have suffered a massacre of its share price IF I know why. Microfocus we know why, the company took on huge debt with regards to HP, that turned out to be a huge mistake and the result was a target on the companies back for shorters. With a SP now less than 10% of all time highs it's either a bargain or going under. Considering the debt is now safe until 2024 and they have managed to weather the beating and are now producing again you have to ask "how much of the sp loss was due to bad debt incurred with the acquisition and how much was induced by the shorters?" shorting and fear selling causes the crash, it was justified and had the company failed to secure the debt they would have went into administration and shorters would have been laughing.
THAT IS OFF THE TABLE now, Imo mcro should delay dividend re-instatement and instead use the cash for share buy back before shorts close.
Anyway, holders don't get spooked or worried about the fall, its painful but it's artificial, it ends when shorters close or buying takes off. It's clear the company is doing well, fear mongers are either bitter or shorters, can't imagine they waste time on here trying lower the sp as the watchers of this forum are unlikely to make any real difference.
We are going to bounce, guaranteed, and I doubt it will take more than a few days MAYBE a few weeks at a stretch....

Thats a very sound thorough deep analysis you did there bounty hunter.... Well worth the 15 seconds taken to read, Bravo you should start an investor podcast.
You clearly have not got a clue why Mcro is so far down as of late and I have ZERO interest in educating you, if your not a holder why are you here? Have you decided to try and short and just picked mcro because its red? You do understand the risks right? The downside for me is MUCH lower than for you should news drop :P

That is very fair, good luck to you :-)

I bought in quite heavily at 212, very happy with that, even if we do break below 200. IMO trading update in days not weeks or months and when that happens.... People really holding on in anticipation they might save 5-10%? is the chance of saving say at most 10% worth the risk of an RNS dropping before trading and they end up paying a premium? I have no interest in the day trading where you have to constantly chase these small gains, I have been pretty good at picking baggers and doubling+ my PF, this is one of those, and the kind of people who are so worried about getting in a few pence cheaper now will probably be one of the first to sell out when news does land and miss out on most of the gains. But to each their own, we need simple day traders to provide liquidity to the market!