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It’s strange how investors view a company, Snowflake in US, cloud etc, 100 times sales valuation. If Micro were on that rating we would be 90 pound a share, lol.

Micro is a news driven share, should see analysts turning positive on the stock. GS of course the first 650p. Straight through 500p when we have another run. Two steps forward one back.

A couple of days ago this article, but a nice read.

https://seekingalpha.com/article/4393281-buy-micro-focus-bargain-hunters-accumulate-on-dip

One thing if no deal on Brexit, pound goes back to 1.25 against Dollar, good news for U.K. dollar earners, Micro being one of them.

Clemoc
Shame you sold at a loss below 300p. But never mind Santa will bring you a present if your back in.
Ouch that hurt below 300p at a loss. Hoping to buy back at 275p. Your timing is awful.

Two steps forward one back, I recon through 500p next week news trading range. Still a long way off Goldman Sachs 650p price target.
If Sterling comes off, good news for Micro and other dollar earners.

Pre markets adrs looking good, could they push us through the psychological level of 500p later this afternoon, be interesting to see.

Buy on the dips, was the message from Seeking Alfa analyst. New trading range 575p to 595p coming.
I know Goldman said 650p. May trade just under 600p. That’s my thoughts.

Buy on the dips.
https://seekingalpha.com/article/4393281-buy-micro-focus-bargain-hunters-accumulate-on-dip

Should be other analyst sharpening their pencils for upgrade. Be interesting who’s says target 800p first.

Yes they are closing slowly a few a day it seems, so not to spike the price higher, clever.
https://shorttracker.co.uk/company/GB00BJ1F4N75/

Two steps forward one back, no one went hungry taking a profit. We know medium term on its way to 800p the price earlier this year. If director thought good value at 783p buying that amount of stock, that’s a good signal for me.
Looks like around 7m shares still short, perhaps they will run it, praying they fall big time.

Other analysts I reckon will start coming through with upgrades, after the GS 650p target. UBS will be interesting.

You can see why Amazon partnered Micro Focus, 98 out Fortune 100 clients. Quite interesting their corporate sheet.
https://www.microfocus.com/media/flyer/micro_focus_fact_sheet.pdf

Mark
Not IG don't use cfds or IG. Contacts in the market.

Mark
When your the top trader you get the news before market opens.

If they pay a dividend in February then I see 800p in 2021, the income funds, income investors who have shunned Micro when they pull the 58.3c dividend.Those investors will come back in droves, Micro always was a great dividend payer.

Goldman Sachs gone from sell to buy 650p. New trading range coming, 585p to 625p.

From a Sell to a Buy from Goldman Sachs this morning.
Straight through 500p this week.

Interesting article Sunday Times on Amazon, one bit I like it said, the single profit source for Amazon has nothing to do with its retail bazaar. Rather, it is Amazon Web Services (AWS). The article goes on, AWS is primed for explosive growth - and more profit.