Computacenter Share Discussion Threads

[imastu pidgitaswell] 17/7/2012 09:05

Nothing positive that's new - but nothing negative that's new either.

It would normally be badly received, but the shares are already down 30%+ in a few months - and it's not as if it is a highly geared company (£100m net cash...)

Also, the statement is mainly talking revenue, and quoting lower actual exchange rate growth figures (higher constant rate growth) - similarly the cost growth in actual currency terms will be lower.

And the cost 'investments' in this case are, if you believe them, genuinely investment in the future. The revenue growth has been considerable in recent years and at some point, now it seems, they need to consolidate properly rather than just bolt on infrastructure. The timing thing is that they have to record costs before they report increased revenue.

So probably a one year hiatus on EPS growth (or maybe just the double digit growth) - when it is only on a PE ratio of about 7 anyway (and that ratio is even lower if you look at enterprise value, or market value less net cash), it is (imho) very cheap.

[uhound] 17/7/2012 08:04

In line with previous statement, so steady progress.

[shammytime] 17/7/2012 07:59

Jon I was asking myself the same question...

All in all I think it's positive as uk is looking stronger

[jon827] 17/7/2012 07:45

Is this good news or bad?

Good everything is still growing
Bad significant additional costs

[shammytime] 16/7/2012 18:47

Chart is beginning to look very tasty...

[rathlindri] 16/7/2012 13:28

Hope you're right shammy, I need it to go over 400 again to break even...

[shammytime] 16/7/2012 13:05

Looking good for 350 tomorrow

[shammytime] 16/7/2012 08:12

Oh dear, I'm all over the place. I thought it was 17th today :-/

Thanks uhoumd

I expect this to finish at 318 today

[uhound] 16/7/2012 08:10

Trading statement tomorrow.

[shammytime] 16/7/2012 08:03

Was there not supposed to be a trading statement today?

[imastu pidgitaswell] 12/7/2012 15:12

Pity, it was going so well...





Ever the optimist, let's call it a gap fill, eh?

[uhound] 12/7/2012 10:27

I bought in on the view that at the current price this company is undervalued even if profit targets were revised down.

Fundamentals good here and over a 12 month period I would like to think a £4.50 target is easily hit.

But it all depends on the general mood of the markets which will continue to hold back even the best looking companies.

[pj 1] 12/7/2012 09:50

Revenue maybe but where will the profit (eps) be with all those extra staff??

[shammytime] 12/7/2012 09:45

imastu - agreed. That's certainly where it's heading 12 months down the line

[imastu pidgitaswell] 12/7/2012 08:06

I'd like to think so, but to be honest, I'm looking more for 450+ over 6-12 months - whenever the negative reaction to the new contract investment dissipates.

Just need the discipline to hang on and be patient, while (if...) it rises.

[shammytime] 12/7/2012 07:52

This looks good for a nice run up to 330 before trading statement...

[imastu pidgitaswell] 06/7/2012 16:25

And a few more chunks - very illiquid and not a lot of volume at the moment.

Update due in a week and a bit.

[imastu pidgitaswell] 05/7/2012 16:29

And another one, after a more detailed study of the financials.

I do like that net cash balance, even after the reduction (mainly due to the reduction in credit terms of a supplier that had previously given extended credit terms).

But I also like the prospects for the business medium term. Roll on Windows 7 roll-outs...

[imastu pidgitaswell] 05/7/2012 13:54

Hoping it's a pullback, rather than a resumption - taken my first bite.

[pj 1] 27/6/2012 16:04

All the increased labour costs come straight off the bottom line, therefore the way I see it is that they need a real surge in ''profit'' to stand still. Watching too though...