Dicom Share Discussion Threads

[simon gordon] 19/5/2007 19:19

Does anyone know what the forecast EPS figure is for 2007?

Thank you

[upside potential] 19/5/2007 11:57

largest instit holder has been increasing on this recent share price weakness (if I read the RNSs correctly); lots of cash on the b/sheet this co so no fundies issues at all. DCM has long been a solid tech co. which has been profitable even back in the 2000 tech mania days. i agree that the recent update was not ground breaking but not overly valued imo and could perhaps feature in ongoing tech consolidation activity. techs which are growing with strong b'sheets are obviously attractive investments for the future. some mkt watchers also feel monies may well rotate soon into tech / growth plays which have underperformed for a long time now. i am interested in DCM.

[boadicea] 15/5/2007 09:25

Q3 disappoints.
However, I note that revenue and profit nevertheless increased by 6% and 9% respectively in local currency terms. This implies a certain opportunity factor in any reversal of the unprecedented strength of sterling.
If their optimistic Q4 and full year projection is justified we may be approaching a good entry point sp-wise.

I would probably be looking for a figure around the 180p mark to be reasonably attractive. It may require a general market set-back to get there.

[mon5] 10/5/2007 14:32

based on chart patterns, it could have a major bounce in next 2 days. failing that it may well happen week after next.
it is an odd chart pattern though

[gerdmuller] 09/5/2007 13:03

I think Q3 results are next week so hopefully they are positive. My earlier post about this one drifting back after a sharp gain a few weeks ago was correct but it has taken longer than I thought.

Although the market remains strong there is still little interest in this one. I think I may buy a few more if these fall below 215p. Still seem a good long term bet but next week may bring a few more answers.

[gerdmuller] 18/4/2007 12:05

I must say that when I look at the product line from Dicom there seems to be a lot of technical jargon.

Not being a techie I sometimes really struggle to grasp what they are saying.

mdrans1 if you are suggesting that dcm needs to get the benefits of their products across to top management without turning them off then I think you are absolutely correct.

"'Information infrastructure' is emerging as a concept that describes the alignment of technologies and functional capabilities that support consistent and seamless enterprise information capture, persistence, transformation and delivery."

I could find many more if I had time.

[mdrans1] 18/4/2007 11:19

Sounds like a good move. They need "clarity " to put over the benefits at board level.




Basingstoke, 18 April 2007 - DICOM Group plc ("DICOM Group"), a global leader of Information Capture and Communications (ICC) solutions, today unveiled a simplified product branding that consolidates the company's diverse product portfolio into a consistent and unified architecture that is expected to yield more benefits and greater value to its customers and partners around the world.

"Our new product branding architecture brings a higher degree of clarity to everything we do for our partners and customers," said Rob Klatell, chief executive officer of DICOM Group.

[gerdmuller] 18/4/2007 09:49

Well it looks like the company has been busy at least with some new product innovations announced today.

They do seem to be winning some decent contracts and developing some market leading products.

Still a very good company with a leading position in a growing market. Highly profitable and generates a lot of cash. The share performance has been frustrating and without further upgrades the company looks reasonably valued.

If dcm can beat expectations however then the way this company is viewed may change. New people seem to be doing a decent job so far.

As the company does have a very good track record and market position there is the potential for a takeover, either trade buyer or pe buyer. Strong cash flow would cover debt repayments and growth potential would make a sale in 4 to 5 years look easily viable by pe company. PE companies now have huge funds and are moving more and more into the quality end of the tech sector

[bigjohn75] 16/4/2007 13:02

Annoying to come back after a week away & missed the rise, but now its dropping quite alarmingly.

[gerdmuller] 16/4/2007 09:59

Yes, just as I suspected the price rise just cannot be sustained. I really don't know why we had a sudden jump last week but the share is becoming very frustrating. One day we may have a price rise for 2 days in a row, we live in hope.

Probably be back to where we started by the end of the week.

[gerdmuller] 13/4/2007 09:28

Well I just have not got a clue what that price rise was abvout yesterday. The price movements of this company often seem very strange with a sharp jump a few weeks ago followed by a gradual decline.

There may be some underlying action on the takeover front but Dicom seems to be winning some decent contracts and going forward things remain relatively promising.

[tonsil] 12/4/2007 16:50

up 10% !

is this the much predicted consolidation move where Dicom and Kofax get swallowed? If so what should the target price be?

One of their outlets got swallowed this week . . . extract from a press release

Tel Aviv, Israel, April 11, 2007 -- Top Image Systems Ltd. (NASDAQ: TISA, TASE: TISA), the leading innovator of data capture solutions, announced today that it has signed a definitive agreement to acquire all of Capture Projects Ltd. ("CPL") shares, a leading provider of document management solutions in the UK, for a consideration of £1.8 Million, and potential performance – based consideration.

CPL is a long established independent consultancy, specializing in the provision of data capture solutions to the UK marketplace. With 2006 revenues of approximately £2.5 Millions (based on UK accounting standards), CPL is a market leader in the provision of electronic mailroom solutions. It has a customer base which includes many leading UK financial services and insurance companies. In the past, CPL has been named Kofax European reseller of the year, Sunday Times Microsoft Techtrack 100 (2005 and 2006) and Deloitte Fast 50 company.

[gerdmuller] 16/3/2007 11:13

Oh, looks like I spoke to soon as per normal. No idea why the sudden burst of interest but it is about time.

Still early days but just to see these rise makes a change.

[gerdmuller] 15/3/2007 13:07

Well. let's hope the new chairman can inject a little life into these as the past 18 months has seen little progress in the share price I have managed to trade my way into some profit in that time but holding this share is proving to have an opportunity cost.

There was some talk of a takeover last year and I am beginning to think that that is the only way these will move forward at present.

Although earnings growth remains reasonable the forecasts for the next couple of years don't give a lot of encouragement that the price can make a lot of headway in what has been a very good market until recently.

[bigjohn75] 08/3/2007 10:22

Why has it dropped so much today?

[gerdmuller] 28/2/2007 14:56

Very quiet since the results with little movement. Another contract win today but not too sure of the scale.

Seems to have held relatively well over the past couple of days.

[mdrans1] 15/2/2007 19:14

Today's Shares mag reporting the interims -concludes :-

■ Shares says: Proved Q1's stumble last year was a blip with three strong subsequent quarters and a repeat should drive the shares higher. Buy.

[oniabsta] 06/2/2007 12:39

From citywire

Software company Dicom is getting into the rhythm of its results: business builds as the year progresses because most of its clients make orders in the second half.
The company reported pretax profit increased 52% to £6 million for the six months to December compared with £3.9 million a year ago. Adjusted pretax profit was just £900,000 in the company's first quarter, the three months to September.
Chief executive Rob Klatell says Dicom's increasing number of enterprise-wide clients do
not place orders until later in the year after their budgets have been set.
'The pattern is becoming more seasonal and more backend loaded so the second half is stronger than the first,' Klatell said.
The Basingstoke-based group, which sells software to scan printed documents and other sources into electronic data, also has to deal with reporting in pounds on sales that were made in dollars. About half its business is in North America
Revenue rose 3% to £78.5 million from £76.4 million although it was up 6% in local currency terms.
'The 7% decrease in the dollar has impacted but it's only in the translation,' Klatell says. 'The underlying business is still the same.'
Adjusted earnings per share rose 13% to 6p from 5.3p a year ago. The proposed dividend was up 15% to 0.71p from 0.61p in 2005.
Margins of 14% improved upon last year's 12% due to a 19% increase in licences year-on-year after a 5% decrease in the first quarter.
The company said its pipeline was significantly ahead of last year and that it had won new customers including Charles Schwab, Romanian Savings Bank and Maybank in Malaysia.


Outside of North America about 10% of Dicom's business is in Asia, where it is breaking even, and the remainder is in Europe and Africa. The company began in archive storage, transforming company records into electronic data.
'We're migrating out of the back office and into the front office,' Klatell says. 'We're capturing that information when it first hits the enterprise, be it printed matter or in text messages, and translating it into useable electronic data.'
Dicom shares added 13p or 5.83% to 236p in morning trading valuing the company at £208.8 million.
Major investors include 65 BR Trust with 7.4%, Standard Life with 6%, Prudential at 3.2% and Legal & General at 3.1%.
Broker Bridgewell rates Dicom a buy, saying it has bounced back again with second-quarter profits well ahead of expectations, driven by a recovery in licence revenues.
This should dispel concerns about second-half loading and drive the stock towards our 260p price target,' analyst Kevin Ashton wrote.
'This is the second time the first quarter has been weak only to be countered by a very strong second quarter, leaving the company with good revenue growth overall. This should set minds at ease about seasonality patterns,' Ashton wrote.
Numis upgraded Dicom to add from hold and lifted its target price to 255p from 230p. It raised its forecast 2007 EPS to 12.8p from 11.6p.

[woodcutter] 06/2/2007 11:47

wjc - nice to see you here. when the mohomine kicks in this will be a very good stock to hold. From what i gather corpora offer a similar product to mohomine and they've been winning quite a few orders recently so the market is there. No comparison between corpora and dicom though, in terms of size etc.

Possible target corpora?

I've been in and out of dcm before for a nice profit but got back in a while ago.It's now one of my long term holds, i'm a little overweight in it but i think it's got great potential.

[wjccghcc] 06/2/2007 08:47

Adjusted pretax of 7.6mm vs the forecast of 5.9mm makes for impressive growth in Q2. And with their significantly stronger pipeline and increased H2 weighting, I'd say they're likely to beat the FY forecast of 12.6p by a quite a bit. Back in at 240p.

Given their business has become so seasonal with nothing happening in July-Sep, this is one company where quarterly reporting doesn't really help the share price.

[typo56] 06/2/2007 08:40

It's SETSmm, so in addition to the MMs you've got the direct access traders who can make stocks very volatile if they try.

[Abuse team] 06/2/2007 08:18

Post removed by ADVFN

[mdrans1] 06/2/2007 07:35

Dicom Group PLC
06 February 2007


Regulatory Announcement


DICOM Group plc

Interim Results 2007- Six Months to 31 December 2006


DICOM Group records strong performance in Q2, good progress made towards
strategic goals


Basingstoke, 06 February 2007 - DICOM Group plc ('DICOM Group'), a global leader
of Information Capture and Communications (ICC) solutions, today announces
record financial results for the six months to 31 December 2006. The Group grew
strongly in the second quarter; revenue of own products up 25%, services up 12%
quarter over quarter on a like-for-like basis.


Financial Highlights of the Interim Results (prepared under IFRS)


• Revenue up 3% to £78.5m (2005: £76.4m), up 6% in local currency terms

- Own product revenues up 13% in local currency terms

• Gross profit margins increased to 54.6% (52.2%)

• Adjusted operating profits up 9% to £7.0m (2005: £6.4m), increase of
14% in local currency terms

• Adjusted operating profit margins of 9.0% (8.4%)

• Adjusted pre-tax profits up 14% to £7.6m (2005: £6.6m)

• Pre-tax profits up 52% to £6.0m (2005: £3.9m)

• Net funds of £27.5m (£29.7m at 30 June 2006) after spending £4.2m net on
acquisitions and disposals

• Adjusted earnings per share reported at 6.0p, up 13% (2005: 5.3p)

• Proposed interim dividend up 15% to 0.71p (2005: 0.61p)

* Further details with regards to the calculation of adjusted earnings and
adjusted profits are set out in note 2 to the financial results.



Operating Highlights


• With Kofax Intelligent Capture and Exchange Suite, DICOM Group unveils a
comprehensive strategy that directly links Information Capture and Exchange
with key business processes

• Pipeline significantly ahead of the comparable period of last year

• Key partnership with Salesforce.com: Kofax Document Scan Server certified
for AppExchange

• DICOM Group recognised orders from new and existing customers during the
quarter including Citrus County Clerk, Pemex Exploracion, Banamex Citigroup,
Premier Farnell, Partner's Healthcare, Minneapolis Hennepin County, Polk
County Clerk, Seco Staatssekretariat, Murphy Oil, Charles Schwab, Gerdau,
Romanian Savings Bank, Sogei, Allianz Slovenska Poistovna, Maybank, Malaysia
and Pan Resources.

• Launch of Ascent Xtrata Pro in November 2006


Commenting, Rob Klatell, Chief Executive Officer of DICOM Group said:


'The second quarter's strong performance has laid a foundation which we can
build upon to achieve the objectives we set for the year. Our new customer wins,
coupled with the strength of the sales pipeline, validate the market's
acceptance of the value provided by our products and provide a solid base for
the future.


Looking ahead, we believe that our strong sales pipeline and market leading
position, combined with the activities of our partners and customers, will
enable greater opportunity for top line growth and increasing profitability for
the year as a whole.'

A recording of the presentation given to analysts will be available on the
Company's website (

www.dicomgroup.com

) from 2.00pm today.