Member Info for MarkBellUK

?"Jupiter Fund via their short or those that had borrowed stock selling off"

When they borrow more stock to sell off , they increase their short? I do not mention closing out or reducing said short position?

Trot I clearly state selling (i.e increases a short position or reducing a long position) and nowhere do I mention Jupiter closing out or reducing?

Thats my approach. Hold through the noise and pain

Otherwise you are selling or buying based completely on speculate. On the chance there is a negative leak you get lucky, but more often than not its market shenanigans and after a time it will stabilise again

>I just find it difficult to believe that a 10% drop has come without any fundamental change to the company

Then you must understand most stocks, if not all, are in the hands of the institutional investors

The question is this. If an institution wants to reduce its stake and get the best price you would sell as a VWAP order (worked over days) or in the post market auction - in tranches on a daily basis if necessary dependent on volume (especially on days like yesterday when its well up)

Hence my logic is, and given the increase in todays volume and timings as I mentioned in my last post, this is /are institution/s selling with the sole intention of reducing the price. There are no fundamental change to the company or news leak (note there was no rumor of a good news leak yesterday at +4.7%???)

I think its more likely Jupiter Fund via their short or those that had borrowed stock selling off in response to the large 4.7% rise yesterday. The timing fits pre half year results on 25/11 where I hope they finalise the OFGEM matter

Having said that I do hope this will push up intra day as 8% is ridiculous. It all depends how much stock they are holding and it could be co-ordinated

New AI and machine learning digital forensics solution to assist in the processing of video and image evidence

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211111:nPn1r5YS4a&default-theme=true

Im not covering for Opul!!! These are from the main Reuters news feed so must be kind of significant.....

Vertica to Leverage NetApp StorageGRID to Deliver Cloud-Scale Analytics to On-Premises Environments

http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211110:nPn8SRxvma&default-theme=true

> It uncrossed at 2.69 which means it opens at 2.69 on Monday.

That’s not right mate… it will open at the price it crosses at on the pre market auction Monday morning @7:50 am to 8 am

Micro Focus deal proves a Smarsh hit with investors

The decision by Micro Focus International to sell one of its business divisions to reduce debt proved to be a smart move, for its share price at least. The stock jumped to its highest level since May after software company agreed to sell its archiving and risk-management business to Smarsh, of the United States, for about $375 million.

Stephen Murdoch, the chief executive, said that the decision to sell the portfolio would ensure customers were “better served in the long term” as the archiving and risk-management sectors become more specialised.

Stifel, the investment bank, reiterated its advice to clients to buy the stock. George O’Connor, its analyst, said that reducing debt, which had been a “bugbear” for investors, signalled how Murdoch was delivering on his promise to reconfigure the business and to sell underperforming assets when they were in a better shape, rather than “simply taking low bids”. The rationale behind the deal persuaded investors and Micro Focus’s shares rose 10 per cent to close 36½p higher at almost 400p.

Unlike Micro Focus, the rest of the market was down, with investors wary ahead of the conclusion of the US Federal Reserve’s meeting.

10% down is better than me, but Im not overly concerned. This is a solid debt free company making decent profit. Even @ circa 11p its 4.5% return (strange SP is so low when you consider it floated at 240p with a divi of 5.36p) , the operating margin is into the 40-50% region and 500,000 new customers coming on board, median broker target of 397 (6 brokers) blah blah

IMHO long term this is only going one way

gary all brokers covering this stock have it at 11p..i had fag packet math @11.4p

Opul I dont think there was ever an issue with dividends..I've found the FT pretty much spot on with there analyst over the years...this is what they say currently

Dividends

In 2020, Micro Focus International PLC reported a dividend of 0.15 USD, which represents a 87.47% decrease from last year. The 6 analysts covering the company expect dividends of 0.28 USD for the upcoming fiscal year, an increase of 90.80%.

Share price forecast

The 9 analysts offering 12 month price targets for Micro Focus International plc have a median target of 530.26, with a high estimate of 1,379.99 and a low estimate of 299.65. The median estimate represents a 45.92% increase from the last price of 363.40.

and dont forget as BlackRock Investment Management (UK) Ltd. are selling, BlackRock Investment Management LLC are BUYING holding 17.38m

PS Nuri is a compulsive liar! "Stories of Nuri" as its known in the trade

Here's me thinking the board are all dead ;) Great Move

Asf this is how crazy the MCRO numbers are..2021 estimated net profit is $485m so Archiving accounts for 3.71% yet has just sold for circa 29.78% of MCAP?

My guess is 17/11/21 for Trading Statement

Crawshaw and others...pick the phone up and complain about nuri to lse direct, I have. He does nothing but lie and its easy to see. Check his post history

>Revenue probably won't even even be £250 million. It's good value, but not that good

Wow this ignorance and stupidity is incredible! You dont even know the difference between earnings and revenue ffs!

Surprised we are this low to be honest. I will be topping up around here

Oculus here's the thing. Nothing has changed aside from people selling and the price dropping. Hence imho you are selling because others are selling and not because things have changed. For me this is the definition of panic selling, which I totally understand as its not pleasant at the minute

If the results are bad you will have done well to get out, however if they are not then...

Oculus grow some balls mate. This should be a long term investment. You shouldnt watch it daily (like me!)

If you do sell I think you will look back in a year or two and find the loss you took is now double profit (well 700+)