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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Detica Grp. | LSE:DCA | London | Ordinary Share | GB0031539561 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 441.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 441.50 | GBX |
Detica (DCA) Share Charts1 Year Detica Chart |
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1 Month Detica Chart |
Intraday Detica Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/3/2010 | 23:04 | Definitely DETICA | 150 |
| 18/1/2008 | 10:54 | Detica Group plc | 9 |
| 29/11/2007 | 09:20 | Why so little interest | 37 |
| 16/9/2004 | 16:23 | Detica - Surfcontrol Killer | 2 |
| 30/10/2002 | 08:36 | Detica: due for re-rating? | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 30/7/2008 19:50 by hallums I sold my holding in the market today at a price that gave me the equivalent of the bid price of £4.40 pps so don't have any further pecuniary interest. The shares are also x-div. I am a little puzzled by the price remaining above the bid level as I have not heard any substantial rumours of a counter bid. A lot of my friends have held on - maybe I have sold too soon. Anyone out there have any comment on the current situation? |
Posted at 28/7/2008 08:13 by hew What a shame. A great operation extinguished - by a giant that will get just short term gains - reasons given above. Organisations like BAE and DCA are chalk and cheese. Even the statement effectively admits that BAE couldn't compete."The acquisition will assist BAE Systems to implement its strategy of progressing development of its security business in its home markets." Anyway, I'm looking very closely at another technical outfit that has many of the same characteristics as the place to invest my DCA gains. Dominant in its field, providing near essential services, financially successful and growing. But I could be wrong, so I'll keep that to myself. |
Posted at 28/7/2008 07:09 by call-logger BAE Systems - proposed acquisition of Detica Group plc28 July 2008 BAE Systems has today announced a recommended offer to acquire Detica Group plc (Detica), a provider of information management capabilities to the National Security and Resilience (NS&R) sector. The offer to acquire the entire issued share capital of Detica for 440pence per share in cash values the business at approximately £538 million including assumed net debt. Links in the header |
Posted at 24/7/2008 12:05 by hew If the press etc is to be believed, the BAe approach was at 425p. Given the fall from over 400p now to below 380p, there seems to be significant uncertainty whether a BAe deal will go through or whether there will be a counter-offer.As my post above, I think it will be a pity if BAe succeeds. Much of DCA's success is based on using only very good people, at high salaries compared with BAe, and Independence. Such characteristics do not survive inside large organisations. I believe that BAe's primary motive is to destroy a rising outfit that is now well positioned in the US (no profits yet, but lots of contacts and reputation) and is being "awkward" for them in the market. Likely to be asked to work on the client side, to give independent assessments etc. and able to bring higher "thought-power" to bear! The deal shouldn't be allowed, in the UK's national interest! BAe should have to face the competition and improve its game where necessary - use DCA where appropriate (as they may do anyway) - rather than take out one of our best and brightest! By the way I have nothing to do with BAe or DCA. (Though I spent my career in that world). But having sold DCA, I'm now watching and hoping to buy back on the initial heavy fall if the deal collapses. |
Posted at 23/7/2008 18:52 by call-logger Hi ToaseWe're at the stage where the negotiations are running their course leaving us to wait for an announcement of the outcome. The rule announcements are made while the share is in a bid situation and, I think, show all the transactions where over 1% of the company changes hands. They are very boring. |
Posted at 28/12/2007 22:53 by cerrito From today's FTquote KKR's £600m takeover last week of Northgate Information Solutions was proof that the UK technology sector remains fertile territory for dealmakers. November was a turbulent month as fears began to bite that the credit crunch would force the financial services industry to curb discretionary technology spending, such as on consultants. A profit warning from Detica, one of the sector's largest players, contributed to the FTSE Software and Information Technology sector's worst month since the dotcom bubble burst in March 2000. Mild cautionary statements were treated like heavy profit warnings and the long distrust the City has held for technology resurfaced, culminating in early December with the pulled initial public offering of Sophos, the IT security group, despite solid recurring revenues and a 25-year track record. The coming year is likely to prove a tough one for many, especially those with exposure to financial services. After five years of sequential growth, Gartner, the consultancy, is predicting global growth of 5.5 per cent, down from about 8 per cent in 2007. Possible targets Civica, local government software (£120m market value) Coda, accounting software (£135m) Axon, IT services, (£321m) Innovation Group, insurance outsourcing, (£215m) Anite, telecoms equipment testing, travel and public sector software (£181m) Dicom, document scanning software, (£150m) Yet beneath the headline fears, investors, bankers and analysts remain optimistic that corporate earnings and activity will not dry up. The Northgate deal capped a flurry of bid activity in December as predators emerged to sniff out undervalued assets. They appeared willing to pay chunky premiums. Northgate was taken out at 40 per cent more than its prevailing share price, while NSB Retail Systems agreed a £160m deal with US-based Epicor at a 60 per cent premium. Other recent deals include Pace Micro Technology's purchase of the set-top box and connectivity business of Dutch group Philips for £68m. Xploite, the IT managed services group, is in talks with several bidders. Investors have grown more comfortable with technology stocks as many companies in the sector have matured and proved far more efficient at converting their cash into operating profit. Furthermore, IT operations are embedded into corporate life as never before. "In a tougher market, there will be more focus on outsourcing tech activity," said Mike Tobin, chief executive of Telecity, the data centre hosting company. FDM, the IT staffing company, actually forecast results would be materially ahead of previous expectations as a shortage of specialist IT skills meant banks could not rely solely on in-house teams. "Product cycles are typically stronger than the economic cycle so we are relaxed about the prospects for well-placed product companies like Autonomy, Aveva, Fidessa, Micro Focus and Innovation," said George O'Connor, an analyst at Panmure Gordon. Will Wallis, an analyst at Numis Securities, said Northgate's takeover could boost the share prices of companies that have been subject to takeover rumour or talks with private equity, such as Misys, Intec Telecom and Coda. He pointed out that Northgate was sold on a prospective multiple of 18 times enterprise value/net operating profit after tax. "It's in line with multiples paid by private equity in the UK software sector prior to the credit crunch," he said. He also predicted it would boost other local government software companies, such as Civica and Anite. "This deal opens up the possibility of consolidation in the public sector, led by private equity," he added. "Both Civica and IBS ... are valued at just half the multiple that KKR is paying for Northgate." Yet Northgate could still be the largest deal for some time. Graham Bird, fund manager at SVG, which invested in Northgate, said: "I wouldn't be surprised if there was a pick-up in merger and acquisitions activity as many valuations are extreme." "Many of these companies are run far better. In the sell-off, there was no distinction between good and bad companies and I think private equity will spot this." But he added: "There's unlikely to be mega-deals while the banks are not open properly." Deals concluded are likely to be "without the need to syndicate with other banks," he said. Trade buyers flush with cash are also likely to remain interested. Datatec, one of the largest IT services companies on Aim, has a long standing plan for further acquisitions and Jens Montanana, chief executive, remains bullish. "It will play into the hands of operators and not the private equity players as we have assets to make synergies," he said. "We think there is going to be an opportunity for us," he said. "But it will take time to work its way through. Some sellers still have silly ideas for valuations." Nevertheless if the UK and US economies fall into recession, valuations could yet fall further. Copyright The Financial Times Limited 2007 |
Posted at 02/12/2007 11:11 by simon gordon m.a. PartnersCost - 32.3m Employees - 130 03/06 T/O - 24.4m PBT - 1.5m As the Investment Banking business has hit a brick wall, it could well be 2 to 3 quarters until business picks up, that probably means 2008 is a wipe out. Employing all those expensive consultants could lead to a rapid descent into a loss for this division. DCA have said they will move employees to Government work but as most of the employees are based in the States and DFI is still trying to gain traction, the potential seems low. Redeploying staff from America to Britain would be very expensive. I presume DCA could parcel out some work from Britain to the States - but will this do? DCA will be loath to fire m.a. staff and their intellectual capital. It is a bit of a conundrum: fire and protect earnings (share price is supported) or keep employees and warn on profits (share price collapses). |
Posted at 01/12/2007 20:03 by p0lzeath 23.11.07 :+10.75, (249) Investec has upgraded Detica Group PLC to 'buy' from 'hold', saying it thinks the shares have been oversold and it thinks long-term material revenues will be generated. In a note today, the broker said the share price has been impacted by unfortunate turns of events in two key areas - the USA, where integration of US national security business DFI, which it acquired last February, began poorly; and most recently the financial services markets, where capital market issues have cut demand. But Investec said it believes Detica remains likely to generate material information analytics revenues in both areas in the long term. The broker said the somewhat high-risk choice by Detica of acquiring non-analytics-driven businesses will, in its view, be justified by the valuable ends of a real presence in the USA and capital markets. Investec said in its opinion the share price fails to reflect this strategic reality, while also underestimating the value of the UK core. Donwgrading its estimates to reflect the financial services issues, Investec kept its 299 pence price target on the stock and upgraded it to 'buy', after noting Detica trades on below 15x its calendarised 2008 estimated earnings per share. 20-11-2007 20.11.07 :+5, (249.75) Dresdner Kleinwort has upgraded Detica Group PLC to 'buy' from 'add', with a reduced target price of 290 pence from 400 pence. In a note today, the broker said it has also cut its pre-goodwill earnings per share (EPS) estimates by 10% for 2008 and by around 12% in 2009 and 2010, a greater downgrade than expected, it said, due to caution on investment baking prospects and limited visibility. Following yesterday's interim results, the broker said it has taken a conservative view of estimates, as Detica warned of poor trading in the commercial business, where the financial services business has since August been suffering from weak demand from investment banking clients. With only four months' visibility in this business, said the broker, it thinks a conservative view on estimates is now warranted, noting that management has said project completions are not being replaced by new work -- indicating that the market has frozen. Dresdner Kleinwort's reduced sales estimates -- down by 8% this year and by 10% for 2009 and 2010 -- lead to its EPS estimate cuts, it added. 19-11-2007 19.11.07 :-66.25, (245) lower in midmorning deals as it said its commercial businesses are unlikely to grow in the second half due to fall-out from the global credit crisis, prompting Charles Stanley to downgrade the stock to 'add' from 'buy' and trim back its estimates. Earlier today, the UK IT services company said progress in its Public Sector and National Security divisions was overshadowed by its warning that, towards the end of the first-half of 2007, it saw a sharp decline in demand from investment banks in its Commercial Division. The cautious outlook unsettled analysts and overshadowed otherwise strong half-year results. Chief executive Tom Black told Thomson Financial News this morning: "The pure banking bit that is affected is about 10-15% (of the commercial unit's revenues). "I would say flat growth is not an unreasonable estimate although like everyone else we don't know what will happen (in the investment banking sector)." In reaction, Charles Stanley lowered the stock to 'add' from 'buy', saying that the reaction to Detica's interims reflects increasing nervousness in the markets over the outlook for IT spending generally. Marginally downgrading its operating profit forecasts for March 2008 by 1% and by 3% for 2009, the broker said this reflects weakness in financial services. However, the broker said it still forecasts strong earnings growth in 2008, but it thinks the risk to 2009 has increased. |
Posted at 01/12/2007 19:52 by simon gordon The DFI buy looks like it will start delivering after a shaky start - this is a huge market that DCA are tapping into and it bodes well for the future. NetReveal looks like a real winner and has the potential to be a product that can be sold globally - now in 1st trial in the States. The e-Borders contract shows the order size is getting bigger and bigger.The first problem that de-railed the share price - DFI - is now sound. The second - MA - is a big unknown and Bankers will probably start a major cull on costs, which may last six to eight months. Anticipating when the share price starts to look forward to 2009, is the key to getting the most bang for the buck. If the market cracks in the next two to three months, then DCA could go below £2.00 and maybe hit £1.50 in a panic. Net debt is c.25m and will fall by the Finals - so gearing is not a problem that undermines DCA. 03/08: PBT - 24.5m EPS - 14.6 03/09: PBT - 30.4m EPS - 17.9 If 2008 is a year of no upgrades and the focus is on hitting forecasts, what is a fair share price until we inch toward 2009 and a more buyoant Banking division? Rating for 2008, based on 03/09 EPS forecast of 17.9p: Q1 - 12x = £2.15 Q2 - 13x = £2.32 Q3 - 14x = £2.50 Q4 - 15x = £2.68 I suppose it could trade between that range in 2008. Sentiment could become so bad that buyers go on strike and PI's and some Fundies sell, and the DCA share price crumbles on low volume - thus giving a chance to pick up some stock cheaply (if you believe that the Banking crisis will not lead to a recession or even a depression). DCA is a very high quality company - not many on the LSE Small Cap index - that has strong growth drivers and once the Banking crisis is in the rear view mirror, a share price that could be heading to a fiver during Q2 or Q3 in 2009. If it can picked up for £2.00 a 150% return in under two years. The downside would be if the Banking crisis leads to a serious recession and Banks drastically cut spending, and Governments hit a a fiscal brick wall, freezing projects. Leaving DCA exposed and profits falling sharply. There are 8.9m shares being held short = 7.7% of the total number of shares in issue. Not a good sign if you are a holder. |
Posted at 01/12/2007 12:26 by simon gordon The DFI buy looks like it will start delivering after a shaky start - this is a huge market that DCA are tapping into and it bodes well for the future. NetReveal looks like a real winner and has the potential to be a product that can be sold globally - now in 1st trial in the States. The e-Borders contract shows the order size is getting bigger and bigger.The first problem that de-railed the share price - DFI - is now sound. The second - MA - is a big unknown and Bankers will probably start a major cull on costs, which may last six to eight months. Anticipating when the share price starts to look forward to 2009 is the key to getting the most bang for the buck. If the market cracks in the next two to three months, then DCA could go below £2.00 and maybe hit £1.50 in a panic. Net debt is c.25m and will fall by the Finals - so gearing is not a problem that undermines DCA. 03/08: PBT - 24.5m EPS - 14.6 03/09: PBT - 30.4m EPS - 17.9 If 2008 is a year of no upgrades and the focus is on hitting forecasts, what is a fair share price until we inch toward 2009 and a more buyoant Banking division? Rating for 2008, based on 03/09 EPS forecast of 17.9p: Q1 - 12x = £2.15 Q2 - 13x = £2.32 Q3 - 14x = £2.50 Q4 - 15x = £2.68 I suppose it could trade between that range in 2008. Sentiment could become so bad that buyers go on strike and PI's and some Fundies sell, and the DCA share price crumbles on low volume - thus giving a chance to pick up some stock cheaply (if you believe that the Banking crisis will not lead to a recession or even a depression). DCA is a very high quality company - not many on the LSE Small Cap index - that has strong growth drivers and once the Banking crisis is in the rear view mirror, a share price that could be heading to a fiver during Q2 or Q3 in 2009. If it can picked up for £2.00 a 150% return in under two years. The downside would be if the Banking crisis leads to a serious recession and Banks drastically cut spending and Governments hit a a fiscal brick wall and freeze projects. Leaving DCA exposed and profits falling sharply. I'll be back with more musings! |
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