Results out 6/12/2007/ Promises are positive.

Projected earnings are reasonable.

But DYOH

DD ..... having a tough time? ..... sorry to hear that

no I'm doing ok actually cynic. Been away for a couple of weeks so just settling back in and a little bored today as you can probably guess!

Gently rising again, hoping for a return to the 400p mark...

Good..gentle recovery going on here...nice !.

thanks for this one RF ..... only bought about 75% of norm, but it is indeed doing very nicely, and should continue to do so, prob with no great fireworks; that is fine by me

sp has rocketed this morning on very strong trading update

Yes...tremendous rise...

420 is the very obvious next resistance ..... sp likely to pause or even stumble as/when it gets there, but once through, it's in new territory

I've taken some profits ...perhaps too early.....such a sharp rise today and looking back at the previous chart a drop always follows...might come back in if steady rise continues...400p resistance mark....has had trouble before in breaking away from that.

i'll stay put for the moment and wait for the press reviews ..... do you still have the relevant QL article to hand?

I have it somewhere ......but it's too long to type out and I still don't know how to scan and upload things...must learn that one day...all very positive... no doubt in the next issue there will be an update...job to guess which way the sp is going to go because that was a hell of a climb this morning !.

PS : check out JKX....might be about to break out...from the 300p resistance area.

Broker Charles Stanley has described the turnaround in the performance of Compuware and Borland under the new ownership of Micro Focus as stunning.

The market appears to agree, with the share price of the UK legacy software specialist rising sharply in early trade on Wednesday.

Bought some back.....mistake not staying in.....just hope there is not going to be a pullback now.....though I wouldn't be surprised !.

Micro Focus started with buy rating at Citi, 650p target price
Citigroup analyst Timothy Shaw sees Micro Focus International as an attractive buying opportunity.

Acquisitions of Borland and Compuware's Testing businesses in 2009 have taken Micro Focus into the high-growth application analysis and testing markets, with cross-selling opportunities enabling it to gain market share.

'Market scepticism over the company's acquisition strategy and lack of CEO has ignored the structural growth story of the overall application development market, in which Micro Focus has expanded its product portfolio to exploit.

'Micro Focus trades at an unjustified 30% discount to UK Software peers when above-peer EBITDA margins and solid cash generation argue for a premium.'

Citi forecasts organic revenue growth of 8.2% CAGR (FY10E-FY13E) with testing revenues growing 15.1% CAGR (FY10E-FY13E). This generates forecast earnings growth of 13.8% CAGR (FY10E-FY12E).

Tried to short this stock @ 497.3 on 22nd Jan because it just seems to be defying gravity, got out quick yesterday @500.1 for a very small loss. Anybody have any thoughts?

made a purchase here with a T/S to come
10/Nov. culd have purchased at intraday
low.

Micro Focus International PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

KBC Peel Hunt Ltd
22-10-10 BUY 108.22 38.49 15.40 111.29 39.05 15.62
Panmure Gordon
22-10-10 BUY 103.01 35.80 14.75 106.83 36.75 16.22
Execution Noble
19-10-10 BUY 84.65 34.97 11.32 90.50 36.16 12.26
Investec Securities
15-10-10 BUY 109.76 36.76 14.07 116.67 39.08 14.77
Numis Securities Ltd
12-10-10 BUY 99.23 34.02 13.93 106.01 36.34 14.69
Charles Stanley Securities
08-10-10 BUY 108.42 41.06 15.18 115.63 42.65 17.16
Evolution Securities Ltd
30-09-10 SELL 107.98 37.41 113.99 39.50
Singer Capital Markets Ltd
30-09-10 BUY 103.11 36.34 15.25 113.85 39.90 16.77
The Royal Bank of Scotland NV
27-09-10 BUY 100.54 36.47 14.54 103.41 36.82 15.18
Canaccord Adams
17-08-10 BUY 107.69 39.39 110.56 40.40

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 102.72 36.89 14.22 108.31 38.46 15.24
1 Month Change -3.39 -1.23 -0.18 -3.52 -1.29 -0.04
3 Month Change -17.48 -5.76 -1.63 -20.62 -7.84 -1.88


GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS 52.55% -0.77% 4.28%
DPS 31.09% 40.52% 7.16%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 116.64m 110.64m 115.13m
EBIT 98.45m 105.31m 111.96m
Dividend Yield 2.46% 3.46% 3.70%
Dividend Cover 3.67x 2.59x 2.52x
PER 11.07x 11.16x 10.70x
PEG 0.21f -14.53f 2.50f
Net Asset Value PS -56.36p 88.77p 109.58p

i think, but not absolutely certain, that i saw a comment in the press they could be a t/o target - good solid stuff i'm afraid!

Yep saw that cyners cheers. IBM and microsoft were mentioned but it also came up on my screener this weekend aswell.

not as thick as usual then - me, not you!
bought a few today and also UBM ..... have been in both in the past