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

Projected earnings are reasonable.

But DYOH

Further to the announcement by Micro Focus International plc ("Micro Focus" or the "Company") on 7 September 2016 relating to the proposed transaction whereby Micro Focus has agreed to combine with the software business segment ("HPE Software") of Hewlett Packard Enterprise Company ("HPE") by way of a merger (the "Transaction"), Micro Focus announces today that the registration statement on Form F-4 relating to the Micro Focus ordinary shares underlying the Micro Focus American Depositary Shares to be issued in connection with the Transaction (the "Form F-4") has been filed with the U.S. Securities Exchange Commission (the "SEC"). The Form F-4 filing can be found here: https://www.sec.gov/Archives/edgar/data/1359711/000156761917001576/s001663x9_f4.htm

The Form F-4 has not yet become effective and the information contained therein is subject to change. The Company expects the Form F-4 to become effective in mid to late August 2017.

Capitalised terms not otherwise defined in this announcement shall have the same meaning as those defined in the Form F-4.

Expected timetable of events:
The following dates assume the satisfaction of the conditions to completion of the Transaction by 30 August 2017 (other than those conditions that are intended to be satisfied contemporaneously with completion) but are indicative only and subject to change:

Publication of Prospectus

28 July 2017 Filing of Form F-4

3 August 2017 Record time for the Return of Value and Share Capital Consolidation

6.00 p.m. on 31 August 2017 B shares issued

7:00 p.m. on 31 August 2017 B shares redeemed

11:59 p.m. on 31 August 2017 Share Capital Consolidation effected and New Ordinary Shares admitted to the premium segment of the Official List and to trading on the London Stock Exchange's main market for listed securities

8:00 a.m. on 1 September 2017 Completion of the Transaction

StockMarketWire.com
Micro Focus International has completed the merger of its wholly owned subsidiary with Seattle SpinCo, which holds the software business segment (HPE Software) of Hewlett Packard Enterprise.

On admission, American Depositary Shares representing 222,166,897 consideration shares were issued to HPE shareholders, representing 50.1% of the fully diluted share capital of the company.

Micro Focus has completed the return of value to shareholders of approximately £386,130,203, in cash, by way of the B Share Scheme.

It is intended that cheques will be dispatched or CREST accounts credited (as appropriate) in respect of the proceeds of the redemption of the B Shares by 15 September 2017.

Chris Hsu, who was executive vice president and general manager of HPE Software as well as chief operating officer at HPE, has become chief executive officer of Micro Focus and an executive director of Micro Focus with effect from completion.

Stephen Murdoch (the former chief executive officer of Micro Focus) has stepped down from the board and has become the chief operating officer of Micro Focus.

Kevin Loosemore, executive chairman of Micro Focus, said: "The combination of Micro Focus and HPE Software represents a step change in Micro Focus' scale. The enlarged company's customer proposition draws on a rich heritage of technology innovation, global resources and a highly skilled workforce - all of which can now benefit from our effective business model.

"We are ideally placed to support customers and partners as they demand relevance and value from their established investments in technology. At the same time, this corporate development is wholly aligned with Micro Focus' commitment to deliver sustainable 15-20% annual shareholder returns, offering significant opportunities to deliver further value from the combined operations."

Another Shares magazine tip goes splat.

Biffa
Dignity

"The balance between risk and reward looks very attractive. Someone ain't doing their research!

Now this down 54% after being tipped last week in Shares!

Incredible its down 60%.

StockMarketWire.com
Software product group Micro Focus International downgraded its revenue guidance and said its chief executive, Chris Hsu, had resigned.

The company now expected revenue for the year through October to be 6-9% below the prior year. That compared to previous guidance of a 2-4% fall.

The impact of the downgrade on the adjusted Ebitda margin was expected to be mitigated by planned cost cutting, which was tracking ahead of schedule, the company said.

Hsu had resigned with immediate effect 'in order to spend more time with his family and pursue another opportunity', Micro Focus said. He had been replaced by chief operating officer Stephen Murdoch.

The revenue downgrade was blamed on several factors, including disruptions from the implementation of a new IT system, higher staff turnover, continued 'sales execution issues' and disruption of ex-Hewlett Packard Enterprise customer accounts as a result of a de-merger of Hewlett Packard Enterprise.

For the six months through April, revenue on a constant currency basis was expected to fall by 9-12%.

At the midpoint of the revenue guidance range, cost reductions would enable the company to achieve an adjusted Ebitda margin percentage of around 37% in the year through October.

'We remain confident in Micro Focus' strategy whilst recognising that operational issues have led to a disappointing short term performance and outlook,' chairman Kevin Loosemore said.

'We believe that Micro Focus is well positioned to help our customers with the increasing pace of change across their Hybrid IT environments and to deliver customer centred innovation.'

StockMarketWire.com
Software supplier Micro Focus International said it expected its annual revenue to be at the better end of its most recent annual guidance range, while also announcing that chief financial officer Chris Kennedy was leaving the company.

Trading continued to track in line with expectations, with an improved revenue trajectory in the second half.

Consequently, revenue in constant currency terms for the year through October was expected at the better end of a guidance range for a fall of between 6% and 9%, the company said.

Trading had also been consistent with the company's adjusted Ebitda margin guidance of around 37% at the midpoint of that revenue range.

Micro Focus said Kennedy would leave in the first quarter of 2019 to join broadcaster ITV.

He would be replaced by Brian McArthur-Muscroft, was most recently CFO of Paysafe Group and had also held the CFO role at TeleCity Group.

Micro Focus also announced that it planned to recommence its buy-back programme.

In the period 29 August to 24 October the company bought shares worth around $171m.

The extended program, when initiated, would cover an additional tranche of shares to a combined total value of up to $400m, inclusive of those already repurchased.