Micro Focus International - MCRO Stream Log

"RedHat had a decent print with its Q1 ahead of consensus after the US close last night; however, a 1% FY EPS reduction resulted in a share price down c5%. Despite the share price over-reaction, the news is of interest to Micro Focus shareholders as SUSE (the other Linux distribution, which competes with Red Hat) is benefitting from the same demand side driver – ie the secular growth in open source software usage. At some stage Kevin Loosemore, CEO Micro Focus, will ‘do something’ with SUSE – a big cUS$1bn payday for shareholders." Panmure note out this morning on research tree

Panmure note out this morning on Researchtree: "Johnny Cash reminds us that SUSE is in a competitive niche – but it is good with its knuckles. A brace of trade news from SUSE reminds us that it plays at the heart of a global Linux open source market. To reiterate our investment view: Micro Focus is likely to ‘do something’ with SUSE over time – either a trade sale, a US listing or a de-merge in London. However, it is unlikely this year as the new executive team are finding their feet. The closest valuation peer, Linux and Hortonworks, may suggest that SUSE might sit more..."

Read Panmure Gordon & Co's note on MICRO FOCUS INTERNATIONAL (MCRO), out this morning, by visiting Research Tree: "Meghan Trainor has moved to newer things (a ditty called ‘No’) but for Micro Focus Kevin Loosemore it is still ‘all about the (installed) base’. We managed to grab Mr Loosemore following the beat to FY2016 estimates announced this week. The Micro Focus model is unchanged: the emphasis is still on working the installed base as those customers create the huge cash machine that has made a share price which on this day in 2014 was 830p and today it opens at 1610p. Somewhat disappointingly Mr Loosemore does not see a big..."

"Micro Focus delights with a better than expected end to FY2015A. The company posts an across-the-board beat with revenue, EBITDA and Net Debt all ahead of expectations. As the shares were trading in line through the Q4 the performance suggests, to us, that licence sales had a strong finish to the year. Hats off to Micro Focus as underlying this is; (i) a better product narrative and as licence sales are the key forward looking indicator, we should see a decent pull-through for maintenance. (ii) Let’s not forget this suggests..." Panmure published a note on Micro Focus that was out this morning, it's available on Research Tree

very nice and more to come...

In discussions with us co re poss take over!

numbers to day look ok + another big div

tipped in shares mag as take over target

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