Micro Focus International plc (MCRO) is a technology company that offers solutions, software products and services. The company delivers and supports enterprise software solutions. Its products include IBM mainframe application modernisation, application portfolio management and analysis and COBOL software development tools.

On April 29, 2019, the group reported the outcomes of the general meeting scheduled on April 28, 2019. Shareholders of the company approved the B Share Scheme.

Completion of the B Share Scheme occurred later yesterday. Admission of the new shares was affected at 08:00 AM (UK time) on April 30, 2019, with regards to ordinary shares and at 09:30 AM (New York City time) on April 30, 2019, with regards to the ADSs.

The group has filed application for the admission of 371,641,408 new ordinary shares, that got listed on the main market of the London Stock Exchange, including 343,275,832 new ordinary shares with equal voting rights, 19,535,213 new ordinary shares that will be kept as treasury and a block listing of 8,830,363 new ordinary shares to be issued by the group from time to time.

On March 15, 2019, the software solution company reported completion of the sale of the SUSE business and a proposed return of value to the shareholders through the issue of the B shares.

For the financial year ended on October 31, 2018 (18 months data), the group reported revenue of £4,754.4 mn against the revenue of £1,077.3 mn in FY17. The software solution company reported stellar growth of 341.3 per cent primarily on account of an increase in trading post acquisition of the HPE software business. The reported net profit for the period accelerated significantly to £784.1 mn versus £157.8 mn in FY17.

Stock Performance – 1 year

Daily price chart (as on April 30, 2019), before the market close. (Source: Thomson Reuters)

At the time of writing (as on April 30, 2019, at 03:17 PM GMT), shares were quoting at GBX 1,934.20 and added 10.07 points or 0.53% against the previous closing price. During the past one-year, shares have registered a 52w high of GBX 2,084, and a 52w low of GBX 1,131.50 and at the current price level, as quoted in the price chart, shares were trading 6.6% below the 52w high price level and 71.8% above the 52w low price level.

The outstanding market capitalisation of the company stood at £6.65 bn, which ranks it among the large-cap stock listed on the London Stock Exchange and also a constituent of FTSE 100 index. At the current market price, the dividend yield of the company stood at 4.64%. On a yearly basis, the stock has delivered a price return of around 50%.

 

   
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