Member Info for JustHereForHemo

Exactly ;-) I nearly always only buy shares, avoid spread betting or cfds. I have made an exception for mcro.

Is there anyone except for shorts selling any more? we had a big fall this morning and looks like we are on the way back up, MCRO is the one share in my PF I am most excited about, just waiting for either shorts to flip the switch OR the BoD to release a positive update, either way is good :-)

Reality check is required here indeed.
Best we could hope for is NOT a return to July share price, which orifice did you pull that one from?
We all know why the SP dropped and it was that pile of dung called Hewlett Packard acquisition and with it a level of debt that threatened the companies future. Given the debt is now secure until 2024 the big massive dangling axe that was hovering is gone so shorters will be looking an exit.
The SP is where it is because shorters and the bottom feeders were hoping for BAD news, the sp is all about the anticipation of the company folding. With that off the table the fundamentals of the company will pull it back from the brink, they do make a substantial profit, they have taken a punch to the guts but they have come though and survived, was the fall in SP justified given the risk? possibly. But point is they will probably start paying dividends soon again and its not a fixed % of the SP, so low SP just equals a much better return on SP......
As for communication? Ok.. I take it your not on Twitter....
Anyway if you feel so negative about the company just sell and short it, why are you holding? just sell or join the shorters.

Good luck all holders, I am very optimistic about the :-)

Glad to see the lovefest back in session :-)
No prospectus? disappointing, it would have been a catalist, that said lock down means more focus on remote and edu tech, VR, basically anything not affected by lock down so HOPEFULLY will avoid a Monday morning blood bath.
The equity funding at 10p should mean we have 10p as a solid base. Happy to hold and wait with this one.

1, 1.70/1.80 is based on nothing, this is completely untested territory so it will come down to an emotional or psychological level of support, IE 2.00.
Come monday the lockdown will cause more sell off across the board so shorters may double down and try and break though resistance at £2, maybe, but considering microfocus staff can continue to work and the company continue to operate under lockdown I would say its more likely people will move money IN here to protect it from oil/transport/hospitality/construction/manufacturing/retail etc.

Anyway my personal view is we will go red monday morning just because the market will crash, we may go 209 but that will just trigger alot of buying (You could see the piling up of orders on L2 on friday it was massive..). If buying holds up and we go blue again we will see shorters closing their positions in the coming days, they have made just too much money right now to risk it. They will likely have initially been attracted by the debt issue the company had but thats been put off now until 2024, the potential big pay off is gone, they are chasing the pennies now not the pounds. I expect an update in days or weeks not months also and I will eat my hat if its not positive. I find it difficult to understand why people are waiting to buy back in because they think it may drop another 5%. Its such a tiny additional profit when you consider this share a year ago was £10 and if anything financially they are more stable now with new contracts etc making them even more attractive. When i say this about investors same thing goes for the shorters, do they think there is another 5% drop in this? MAYBE but with the risk that news drops and they face a short squeeze, OR do they go long instead now they have hit the bottom and ride the wave all the way to the top again?

Update early November and we will be bagging from current prices and shorters will be gone. But longer term dividends will return and if you have bought at these levels and remember the price you pay now the dividend rates in a year or two will probably be like 50% of what your paying today.....

Yes they made a mistake but 3 years of breathing space and expecting updates in next few weeks, to each their own, ill wait and see what next update brings, if people want to take a huge loss, we'll good luck elsewhere in :-)

After hours?? Tomorrow?

You can see MOST of the short positions right here on LSE:
https://www.lse.co.uk/ShareShortPositions.asp?shareprice=MCRO&share=Micro-Focus
This does not include the smaller PI shorts, but IDK how to see all those, I do know if you go to IG you can see % of its users who are long vs short, they were 50/50 long to short last week and week before, past 24hrs everyone has gone long

Remember in the past when you would stand on the train line with your eyes closed and trying to guess the very last minute to jump out of the way before the train lands and well destroys you?
That is the situation right now, but the shorters are you. They think its a disused train track thats going to be decommissioned and they are wrong. Wait a few weeks for an update and you will see what happens to the SP. Its easy to get spooked when a share price looks too good to be true but the markets in general are spooked.

Then I must have a poor grip of the English language, that said I find chances of TO slim:
"When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained)."
https://www.thetakeoverpanel.org.uk/the-code/download-code

While it may be a cheap time to make a move towards 30% ownership and launch takeover bid remember if successful they have to pay higest traded price over the previous 12 months. Which is alot more than today's sp.

In fairness the shorters have made a killing but at some point they will think enough is enough and start to close, with them shorting 3% and a tiny free float we will notice when it happens and it will be somewhat sudden and sharp turn north. Sentiment is also improving, bankruptcy is pretty much off the table now, debt secure until 2024 and new deals coming though so the next positive update made and we should all be in profit shortly after.
There are not many big MCap companies out there with a realistic chance of multi bagging, this is one of them, they had the trifecta effect of bad business move sinking 1bn, Covid-19 and shorters hitting them. They are 1/10th of what they were not that long ago, they are still working away as Covid19 has resulted in employees by and large carrying on from home.

had to take another £6k cant really understand the price.

MCap is £14m.. Partner/takeover one or the two will happen, too cheap and too much potential upside here, be surprised if there are not already discussions ongoing considering results were out some time ago. Just wait to be surprised, will happen sooner or later and if your holding you will be very very happy :-)

Market/herds like a good fixed date, pretty surprised we have not seen alot more discussion about Dev given the prospectus due on Friday......

Great to see an active investor engagement! Bodes very well for the coming days and weeks!!!
Not a big holding but taking some shares at this price!

Took some shares here today, hoping the company does well, decided to diversify my holdings somewhat and this feels like a pretty safe bet :-)

I follow DrAnomaly who is almost always spot on, stuck in a few quid, delayed buy though not showing up, 1m shares at like 2pm

Am I right that Prospectus coming before end of the week? Curious as to why the SP is so low right now, can anyone shed some light?