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Greg Smith

Strong turnaround potential in Micro Focus

A third of the way into a three-year turnaround strategy, the UK-listed software provider is wooing back investors.

While there has been a rotation from high-flying, high-priced growth stocks this year, we do not believe this is a reason to shun the sector, particularly at the value end. One name we believe offers strong turnaround potential is British-listed Micro Focus Group.

Micro in name only, the company is one of the world’s largest enterprise software providers.

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Greg Smith is head of research at investment research and funds management house Fat Prophets.

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    Original URL: https://www.afr.com/wealth/personal-finance/strong-turnaround-potential-in-micro-focus-20210413-p57ixc