Member Info for Montyhedge

On the update couple of weeks time, even a hint of a dividend being reinstated after pulling the 58.3c interim dividend very last minute, in hindsight right thing to do with the uncertainty of Covid, the income boys and income funds just dumped the stock.
They would be back, because Micro has been a great dividend stock over the years.

I think back to 350p looking odds on short term, another director buys, trading update 4/5 weeks time. Looking very encouraging. If they hint at a dividend, then 500p by Xmas.

Encouraging another director buys stock. Trading update about 4 weeks away.

Can you imagine the bear squeeze in November if the update half decent. Greg Locke buying 250,000 pounds worth the other day, encouraging.

Broker tips Astra and GSK, I prefer GSK yield 5.6% dividend cheque on the doormat every 13 weeks.
https://www.proactiveinvestors.co.uk/companies/news/930244/astrazeneca-and-glaxosmithkline-shares-still-a-good-investment-says-berenberg-930244.html

Greg Locke buys around 250,000 pounds worth the other day, at 250p plus. I don’t think his stupid.
At least won’t be a profit warning update, that would have been in July early, like last year.

Nothing much will happen to the shareprice until update possibly first week November. Bears in control, buyers holding off until news.
If any hint of a dividend, they have cash. Even a token dividend to get income funds back. These would be 500p by Xmas.

Looks like 96,500 shares been bought. Now holds 535,000 shares between himself and his wife.

Berenberg just out with a new BUY target for GSK 1800p.
Also a BUY for Astra target 105 pounds.

The only thing to have a higher shareprice is a reinstatement of a dividend, when they pulled the 58.3c interim dividend last minute, income boys and income funds dumped stock straight away. November trading update, if they hinted return of a dividend, then easily 500p by Xmas.

Art Casin veteran market commentator, said stop looking for logic in a momentum market.
His right, even bears know Micro Focus good value, but in momentum trading market, logic goes out the window.

In answer to your question I personally think a dividend is nailed on to be paid. They were paying a 58.3c interim dividend and pulled it last minute, sensible. Even if they halved it to say 29c thats around a 8% yield. I reckon 58.3c will be reinstated though. If they did shares would be back to 780p the price director bought 1.5m pounds worth. Only my opinion of course.

Thats the big fear opportunist take at a very low price, from 2500p to 276p thats a big drop, company sound, no gov money, no furlough money, plenty of cash going by the last rns. D

Finals February, I reckon 58.33c dividend, which was the interim dividend they pulled last minute.
Trading update around Oct/November.
Second half of year I think will be good, but only my opinion.

300p psychology level once broken I see new trading range of 350p quite quickly.

Also don’t forget weak pound, helps profits and bigger dividends. With Brexit uncertainty, some experts think 1.15 to the dollar and parity with the Euro, bring it on.

I don’t Mind shorts, they don’t always get it right, 12.8m shares roughly short, They have to buy back one day. I think one more good rns, your see the mother of all bear covering.

To get this back to 786p, the price director bought 1.5m pound worth. Just pay the final dividend of 58.33c next set of results, that’s the interim dividend that was withdrawn last minute anyway.

Yes that's what we don't want, its a sitting duck for an opportunist bid and get this on the cheap, just has recovery starts, plenty of companies could bid, rumours of Open Text, was the one Bloomberg mentioned some months ago.

Already 12.8 million short by 3 hedge funds, mother of all bear squeezes coming. The rns last week very positive, trading update due November. I think it’s odds on dividend will resume with the Finals. They pulled the Interim dividend of 58.33c last minute, due to being prudent, right thing to do, uncertainty of Coronavirus.
They have plenty of cash it seems going by the rns. How these are at not least 350p I don’t know. Of course been shunned by income investors, they will be back in droves.