Member Info for MarkBellUK

Calamri donut!

"with cost efficiencies and commodity price improvements supporting margin recovery in H2 and 2023"

>l. £89 million loss for 6 months is horrendous

Not coming out of 2020 -£482m its not!

>IF revenue is down, so if profit.

Brilliant Jeff....So if the operating margin improves 10 fold but the revenue where to half what would happen to the profits?

>In what world is this not a profit warning?

Do you understand the difference between Revenue & profit?

Come on Steve you cant be that thick?

Clueless Nuri shorter lurky...please take a punt on this today mate ;)

Barratt : Berenberg cuts to hold from buy; cuts target price to 459p from 790p * Barratt : Jefferies raises target price to 535p from 531p * Barratt : Peel Hunt cuts target price to 630p from 690p

I have ROCE of 13.6 2021..TTM @ 13.4?

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220906:nPn7ZdrJ3a&default-theme=true

See "Opening Position and Dealing Disclosure Requirements of the Code"

Standard practicenothing to worry about

* Micro focus : Citigroup raises price target to 530p from 365p *

Wow they are that good they coincidentally manage derive a figure very close to the offer, through their own calculations, at the same time an offer comes in ;)

Restores my faith in brokers ....

Paypoint

>Does anyone have idea of other takeover targets that might happen … given strong dollar
Look at PAYP

Shed do the math

This offer is a low multiple of 6 times EBITADA for equity. It will increase their revenue for North America & EMEA by half, double that in Japan & Asia

It will increase their debt to adj. EBITDA to 3.8 but they can reduce that to 3 in 2/3 years given increase in cash

Opentext are no fools. They have increase their cloud revenue 8 fold in 9 years, This will be there focus

Yes looks like the sellers are drying up...Shares mag has is down at a done deal @ 532..
- UK’s 6th largest tech company agrees $6 billion Canadian takeover

- Shareholders call time on five years of share price declines

- Latest in lengthening list of UK tech exits despite Government pledges

Enterprise software firm Micro Focus (MCRO) has agreed to be taken over by Canadian company Open Text (OTEX:NASDAQ) in a $6 billion cash deal.

Ontario-based company is offering 532p per Micro Focus share, a 99% premium to Thursday’s closing price.

After five years of share price declines, Micro Focus shareholders can be forgiven for snapping Open Text’s hand off. The 2017 merger with HP Enterprise’s software arm was a massive error in judgement and has cost shareholders billions in lost equity value, and the company nearly 50 years of independence.

As the UK’s sixth largest software company, losing Micro Focus is another blow to the UK’s shrinking large cap tech space.

I genuinely expect at least 2 parties will make offers and each comfortably over 600 at that

Doesnt phase me one bit...I think in terms of years not days or months

Wait for new share service and stock split. imho this will more than double from here

Which works for me as I can pop up on the cheap

Please read the RNS

"Irrevocable undertaking

· In addition to the irrevocable undertakings received from Micro Focus Directors described above, OpenText has received an irrevocable undertaking to vote in favour (or procure a vote in favour) of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting from Dodge & Cox in respect of, in aggregate, 54,654,085 Micro Focus Shares (including 31,090,071 Micro Focus Shares represented by Micro Focus ADSs), representing approximately 16.27 per cent. of the issued share capital of Micro Focus as at 24 August 2022, being the last Business Day before the date of this Announcement.

· Therefore, in total, OpenText has received irrevocable undertakings to vote in favour (or procure a vote in favour) of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting in respect of 55,837,463 Micro Focus Shares (including 31,090,071 Micro Focus Shares represented by Micro Focus ADSs), representing approximately 16.62 per cent. of the issued share capital of Micro Focus as at 24 August 2022, being the last Business Day before the date of this Announcement."

ONLY WAY THIS FAILS IS IF SHAREHOLDERS VOTE AGAINST OR HIGHER BID COMES IN

Take a look at MCRO..,.down graded then all of a sudden (From Canada coincidentally) a bid of 5.1Bn comes in @ 532 when SP was 267

Graded it down then offer on..take over UK Plc

Another buying opportunity thx Canna

imho this will double in price in a few years . maybe less