Minding the London Stock Exchange’s Business
Independent and Fearless Financial Journalism Funded by Readers
Even a few of our detractors have now come around
Sometimes I really think I should go back to shorting equities. I know there is a lot of bulletin board allegations and comment about certain writers on this website being members of a grandiose shorting cabal, doing untold damage to worthy corporate names… which just happen to all have shabby balance sheets, mindless management and business plans which make little sense in the real world. Funny that...
I haven't written about Micro Focus (MCRO) before but Steve talked about challenges at the 'British software giant' a few months back and if you look at the share price movement, then a plunge from a twenty-five quid to a ten quid over the last eighteen months is far from hot.
Micro Focus International (MCRO) has announced a “Trading update and Strategic review”. Uh oh – strategic review of course usually meaning ‘we’re in trouble and don’t currently know what to do about it’…
