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The thing with Micro Focus when they have a run they certainly fly. They were 1116p one year ago, been has high of around 2550p. Fell like a stone, writ off even the kitchen sink last set of figures, pulled
the 58.3c dividend last minute. So quite rightly investors punished Micro. In a couple of weeks will know if back on glory trail and a higher shareprice.
Should be a lot higher next week, looking at US after hours price, on Friday night.
Looking at last year update was 20th November.
Clemoc do you think earlier ?
Micro adrs in US up tonight, looks like they been tipped. Could go on a run up to the trading update.
https://finance.yahoo.com/news/curreen-capital-bullish-micro-focus-150714671.html
Don’t forget Greg Locke bought over million pounds worth at 783p back in Feb.
Bears are about 14million short, good luck to them closing their positions if update even slightly positive. I think some may start closing before update, could push price to around 285p before update, of course only my opinion.
Lowest volume I have seen 400,000 in Micro so far today many small sellers, bulls must be on the sidelines ready to charge in, on any bit of positive news.
Bear trap and a bear squeeze on its way.
Good post. If hint of reinstatement of dividend they pulled last minute, even a token dividend, with trading update, then 400p by Xmas.
If the trading update half decent, then in my view I see nearer 400p then 250p.
They are well bid in the market, looks like they want to go higher.
Look at the volume today lowest I have seen in a year, bulls waiting for the update, so really it seems small sellers.
Kainos my other tech play, up 28% this morning on their update, Micro Focus fingers crossed the same.
Don’t worry you got a early Xmas present coming, I see 350p.
Nothing goes up in a straight line, two steps forward, one back.
I would say shorts more like 6% because under 0.5%
You don’t have to report. In three weeks time hopefully the mother of all bear squeezes.
https://www.openmainframeproject.org/press/2020/09/16/open-mainframe-project-announces-record-growth
Are things getting better.
I see short position now 4.34%, around 2nd Oct, are they short and caught, hopefully.
https://shorttracker.co.uk/company/GB00BJ1F4N75/
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.