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

Projected earnings are reasonable.

But DYOH

The share price went down last week because the highly respected CEO suddenly resigned.

A couple of days ago analysts were saying the drop had been overdone, hence the rise.

DD .... see post 5!

some chunky sales going through on the rise.

Sorry never saw that. It must be all the sweat beads running down my face looking at my share performances.

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?