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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.
One of four at the moment, good lead being the first.
Surprised your back in you sold at a loss below 300p, hoping to buy them back, now back in at 415p, welcome back, your double your money, if you don’t try to be to clever, trying to guess the price for trading. Sit back enjoy the ride to 800p.
Someone said Amazon is like the Deathstar if it rays shine on you, ie high street retail etc your in trouble. But being in partnership with Amazon superb news.
I see Micro back to 800p. That’s only the price there were in January this year. Director bought 1.5m pounds worth at 783p in February this year. They know the company better than us.
Of course profit taking before the weekend. Nothing wrong with that. But I reckon momentum traders will push this straight through 500p next week.
therebarron
I think your see 500p+ next week. If there is some weekend press comment anything could happen.
I reckon still another doubler to come. My short term target 650p, medium term 800p, tuck away 1200p.
That’s my thoughts.
Going to be interesting to see what happens at 2.30pm when the US opens. Last night for a brief time Micro were suspended on the mark up rule, so many buyers.