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CCC Computacenter Plc

2,498.00
-18.00 (-0.72%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Computacenter Plc LSE:CCC London Ordinary Share GB00BV9FP302 ORD 7 5/9P
  Price Change % Change Share Price Shares Traded Last Trade
  -18.00 -0.72% 2,498.00 241,552 16:35:04
Bid Price Offer Price High Price Low Price Open Price
2,492.00 2,496.00 2,576.00 2,480.00 2,576.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 6.92B 197.6M 1.7312 14.42 2.85B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:30 O 398 2,492.709 GBX

Computacenter (CCC) Latest News

Computacenter (CCC) Discussions and Chat

Computacenter Forums and Chat

Date Time Title Posts
18/4/202410:30COMPUTACENTER with charts ffs!1,186
09/5/200712:33ccc2
16/1/200718:36Computacenter the silent share170
17/11/200611:54CCC Related News3
27/4/200620:54computacenter plc -views sought.,...35

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Computacenter (CCC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-19 17:13:042,492.713989,920.98O
2024-04-19 17:11:162,497.562656,618.54O
2024-04-19 17:10:582,493.461,29132,190.52O
2024-04-19 17:02:542,498.0081120,258.78O
2024-04-19 17:02:542,514.0015377.10O

Computacenter (CCC) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Computacenter Daily Update
Computacenter Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker CCC. The last closing price for Computacenter was 2,516p.
Computacenter currently has 114,141,139 shares in issue. The market capitalisation of Computacenter is £2,848,962,829.
Computacenter has a price to earnings ratio (PE ratio) of 14.42.
This morning CCC shares opened at 2,576p
Posted at 18/4/2024 10:30 by shallwe
You can blame me for the share price decline over the last few weeks, after having this share on my watch list for a few years I took the plunge at the beginning of March, the rest is history :(
Posted at 20/3/2024 16:22 by battyliveson
Very good free cashflow, and cash balance, suggesting buybacks may be possible is share price languishes.

B
Posted at 20/3/2024 10:41 by thorpematt
I would buy this.

Here's why: I have read the outlook commentary. It is not negative. On the contrary.
The market Commentary is that outlook is challenging....but it doesn't say that. What it actually says is this (my comments in brackets)


Looking ahead to 2024, in the context of a continuing uncertain macroeconomic backdrop, the Group is well positioned to continue to compete and gain further market share.

(so +ve despite macro)

As anticipated, we expect to see Technology Sourcing volumes normalise in 2024 as some of the high-volume, lower-margin projects we delivered, especially in the first half of 2023, were completed.

(so +ve because they had a lot of low margin stuff which now returns to more norm)

In Services we expect continued growth while inflationary pressures are expected to moderate further.

(+ve)



Overall we expect to make further progress in 2024 with growth weighted to the second half of the year, reflecting a significantly more challenging comparison in the first half of the year than in the second half.

(So 2023 1st half comparitve is hard to beat,not so much for 2nd - this is not comment on lack of performance for 2024. It has nothing to do with that)

Looking further ahead, we are excited by the pace of innovation and growth in demand for technology. With our strength in Technology Sourcing, Professional Services and Managed Services, and focus on retaining and maximising customer relationships over the long term, we believe that we are well placed to deliver profitable growth and sustained cash generation.

(very +ve)


-----------------

Here's what I think. Iread RNS when I am awake and have time to do so. Not so the IIs. A lot of them use AI to scan for keywords (been doing it a while now, some have spophisticated software).

The "challenging" word gets picked up on the AI that IIs use...I have a brain instead.

DYOR as they say. We'll see of the BFs drop once they have digested and chatted with the company I guess. I could be wrong.
Posted at 30/10/2023 18:51 by srichardson8
TRADING UPDATE TODAY IS EXCELLENT.
'Notwithstanding that Q4 is our largest quarter and much remains to be done, we continue to believe FY 2023 will be another year of progress with growth in profitability.'
At the current price of around 2500, the current (Dec 23) year p/e is around 14.5, the RoCE looks like staying at 25%, the dividend yield is around 3% and x2.5 covered, latest publicised net cash was around £165mn (mkt cap is £2.8bn). The business is growing in the US and Germany,overall the markets they serve should continue to expand.
There is conceivably a future overhang from the large shareholdings of the founders Sir Peter Ogden (18%) and Philip Hulme (8%) but I would think these could provide an extremely attractive entry point for either a big investor or a potential buyer if those shares became available for sale.
I am obviously prejudiced as this is one of our biggest holdings but it has been a real star and shows every sign that it will continue to be so.
Posted at 08/9/2023 11:47 by kalai1
ComputaCenter plc posted interims for the HY ended 30th June this morning. Revenue was up 26.8% to £3,584.9m, PBT was up 13.9% to £122.8m while EPS was up 13.7% to 76.5p. The Group is on course for its nineteenth year of uninterrupted full-year adjusted diluted earnings per share growth. The balance sheet remains solid with over £300m cash and net funds of £164.8m. Valuation is relatively attractive with forward PE ratio at 12.4x top quartile for the Software & IT Services sector. The fragile macro environment is the main cloud to the investment case, share price also lacks some momentum. CCC is a solid, growing and profitable company worth monitoring for the longer run, but is perhaps still a little early to be buying...

...from WealthOracle
Posted at 18/8/2023 14:45 by fuji99
I don't think this is specific to CCC or the sector itself. The downtrend is across the board and behaving as if the markets anticipate a possible correction. Software/IT, Miners, Retail and House builders are dropping everyday. If one looks at the performance of the S&P/DOW/Nasdaq over the last 10 years, it's logical to expect a correction at some point. This is without the outcome of Russia/Ukraine conflict, China possibly attempting invading Taiwan and the BRICS becoming an economic threat to the West. The markets horizon is becoming a big question mark.
Posted at 18/7/2023 14:30 by nk104
Well I've hitched aboard the CCC express at £21.35. Famous last words, but a PE of just over 12, a ROCE of over 20 per cent and net cash must be good.
Posted at 14/3/2023 15:55 by fuji99
Everyone seems to find some "material weaknesses in their reporting" - Of course, CCC is not WAND - Strangely everyone seem to be more careful even Credit Suisse - due to more scrutiny ?
Posted at 14/3/2023 11:39 by blippy3
@baodicea As a holder of CCC I hope you're right. But as the old adage goes: bad numbers take longer to add up than good ones.
Posted at 09/9/2022 11:25 by boadicea
One fact to note is that the profit reduction in H1 is due to the product mix including some large low margin contracts as previously flagged. We can only trust that these create good entry points to future opportunities. Importantly the reduction is totally unrelated to the revenue reduction resulting from the change in recognition criteria which appear very sensible andcorrect. This will improve the notably low price/revenue ratio of the stock.

Today's market reaction seems unduly harsh on a stock that has not looked over-valued compared to its peers and which should also be gaining from currency rates - about 1/3 income is in dollars. If it comes good on the outlook statement, "... we remain on track to deliver our stated expectations of profit growth for the year as a whole", then it will look distinctly cheap at today's price imho.

PS: Out of interest I decided to compare the price/revenue figure for CCC with some others in the broad sector. CCC is quoted on advfn as 0.4 and falling. (It will be higher under the new revenue recognition rules, probably nearer 0.5.)
At the other extreme was CER with a ratio of 10.9 and rising ! (I excluded blue sky floating-on-air companies with negligible revenue.)
Computacenter share price data is direct from the London Stock Exchange

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