George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
To be honest it still feels cheap @532 for me
Read the sentence
OpenText would be “one of the world’s largest software and cloud businesses, with a tremendous marquee customer base, global scale and comprehensive go-to-market. Micro Focus brings meaningful revenue and operating scale to OpenText, with a combined total market of $170 billion.”
They are paying $6bn these people arent stupid. Unfortunately 236p is a reflection of UK Plc at the minute more than MCRO debt I feel
Canadian software firm to acquire Micro Focus in $6bn deal
The Micro Focus announcement comes a day after Schneider Electric, of France, said it was considering making a full bid for Aveva
The Micro Focus announcement comes a day after Schneider Electric, of France, said it was considering making a full bid for Aveva
CHARLES PLATIAU/REUTERS
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One of Britain’s few remaining London-listed technology groups will fall into foreign ownership after OpenText, the Canadian software company, said last night that it would acquire Micro Focus International in a deal valued at $6 billion, including debt.
OpenText will pay 532p in cash for each Micro Focus share and the deal is expected to be completed in the first quarter of 2023. Shares in the Berkshire-based company closed down ½p, or 0.2 per cent, at 267p yesterday before the announcement was made, valuing it at almost £900 million.
Micro Focus helps customers to maintain and integrate legacy IT technology, a business it has grown by acquiring legacy technology such as mainframe computer software used by banks, retailers and airlines. The FTSE 250 group was founded in 1976 and was floated on the stock market in 2005.
OpenText, one of Canada’s largest software makers, said that it expected to generate cost synergies of $400 million after the deal closes. Its Nasdaq-listed shares fell by $1.77, or 4.7 per cent, to $35.50 in after-hours trading on Wall Street, valuing it at about $10 billion.
The Micro Focus announcement came a day after Schneider Electric, of France, said it was considering making a full bid for Aveva, which produces software for huge engineering projects. The French group already has a 59 per cent stake.
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Avast, the cybersecurity software group, is in the process of leaving London’s premier index after agreeing to a takeover bid by NortonLifeLock, of the United States, for £7.1 billion.
If Aveva does leave the FTSE 100, there will only be two companies in the index classified in the software and computer services category — Sage and Auto Trader.
Mark Barrenechea, chief executive of OpenText, said that after the deal OpenText would be “one of the world’s largest software and cloud businesses, with a tremendous marquee customer base, global scale and comprehensive go-to-market. Micro Focus brings meaningful revenue and operating scale to OpenText, with a combined total market of $170 billion.”
Thx VOG..I just feel for those short this morning
I mean in a nice tingly good way ;)
..500 in auction
lol now @ 560
305 in pre market auction??
CMC THG
Thank f@ck
Why not this is "officially" a hot stock....check the chart!
;)
ExDivi 1/9???
SANTA CLARA, Calif., Aug. 3, 2022 /PRNewswire/ -- CyberRes, a Micro Focus line of business, today announced a partnership with Google Cloud to support the upcoming release of BigQuery remote functions. The partnership will see CyberRes' end-to-end enterprise data protection solution, Voltage SecureData, integrate with Google's BigQuery data warehouse to accelerate and expand organizations' data science initiatives and help companies comply with ever-evolving privacy regulations.
MF FINAL (PRNewsfoto/Micro Focus)
The integration will enable CyberRes Voltage customers to persistently protect data in use, in motion, and at rest in Google BigQuery. The support for remote functions also enables Google Cloud's BigQuery customers to take advantage of Voltage's privacy-enabling technologies. Mutual customers can use Voltage's format-preserving encryption, hashing, and tokenization services within BigQuery in conjunction with Google BigQuery's native security to address strict privacy compliance controls. Voltage's cloud-agnostic and consistent data protection allows all customers to safely use regulated data for analytics across hybrid clouds.
"The availability of remote functions from BigQuery is an exciting and critical evolution of Google Cloud's platform for our customers," said Tony de la Lama, Vice President of Product Management, CyberRes. "The integration with Voltage SecureData means BigQuery will allow customers to utilize and support the Voltage data-centric protection approach for secure analytics, enabling enterprises to accelerate and expand their data science initiatives with privacy by default."
BigQuery, Google Cloud's highly scalable multi-cloud data warehouse, is designed for business agility and allows customers to gain insights with real-time and predictive analytics, access data and securely share insights with ease. This new partnership adds to Voltage SecureData's deep capabilities in securing analytics across data warehouses, databases and data lakes and enables customers to shift workloads seamlessly and securely to BigQuery.
"Emerging threats and evolving technology needs are at the forefront of challenges in cyber security. By making its Voltage SecureData solution available to Google Cloud customers from within their BigQuery data warehouse, CyberRes is enabling customers with the technologies needed to protect their sensitive data while addressing and adhering to current data privacy regulations," said Ritika Suri, Director, Technology Partnerships, Google Cloud.
The CyberRes Voltage portfolio helps secure organizations with continuous data discovery, insight, and protection to reduce risk and enable privacy by design. Organizations can work with high-value, sensitive customer data in its protected state to derive business intelligence without the risk of data exposure in Google BigQuery. The data protection technologies in Voltage SecureData provide flexible implementation and data-centric protection for a
Thanks Denfos. Maybe I should look in the obvious place lol
Strange is was missed everywhere else (inc Time week ahead etc)
An opportunity to buy cheap on a panicked market over reaction imho
Top up time for me
Nuir you don’t buy shares you sell them ? Your a shorter
Unfortunately looks like you missed out again here
I think its badly written and presented which makes it read that way,
Personally I think its because the only real figure given is the 5% increase in costs which obviously comes out of profit but show some positives numbers to balance the update!
Given sterling ,inflation etc 5%+ is to be expected but show more positivity in an update please
Looks like you are right Denfos...ive only just realised. Where did you see this is advance?
UBS cuts Moneysupermarket.com price target to 265 (290) pence - 'buy'
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Barclays raises Moneysupermarket.com target to 230 (220) pence - 'equal weight'
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RBC raises Moneysupermarket price target to 230 (210) pence - 'sector perform'
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Credit Suisse raises Moneysupermarket target to 208 (205) pence - 'neutral'
Ignore Yuri the shorter. Things looking very good @ MONY
Seems to have done the trick. We've gone from -1% to +1%???
1,000,000 vs 1,000,001 that should read!
>That's a rather large nasty UT sell today.
JG68 I dont think you understand what that means?
To put it into context the UT will show as a SELL if the volume of all SELL orders in the post market auction are greater than the BUY. So you could have 1,000,000 BUY orders and 1,000,0001 SELL orders and it will cross at the price at which it satisfies most orders and show as a SELL