Softcat Share Discussion Threads

[salpara111] 23/11/2016 09:21

The market takes such a short term view that any suggestion that "we deliver on our first half investment in the second half" is viewed as a negative.
I am glad I did not take a stake but if it weakens any further I will take a nibble

[gswredland] 23/11/2016 09:17

when was it ex divi for the big payout please guys?

[shareholder7] 23/11/2016 08:37

It's an improvement from satisfactory B1

[b1ggles] 23/11/2016 08:31

Not giving much away indeed, Smoky. I think we know less now than we did before!

[igoe104] 23/11/2016 07:48

All positive, without being over the top from the ceo.

[shareholder7] 23/11/2016 07:29

Would agree with you smoky They have recruited a load more sales people so I have no reason to doubt our CEO and they are on track Market will probably not react too much and I predict a small tick up

[smokybenchod] 23/11/2016 07:13

Not giving much away in the update although seems generally positive.

[salpara111] 22/11/2016 13:58

waiting too.
I have been disappointed too many times in the recent weeks with lukewarm trading updates so I would rather not take the risk of buying ahead of update.

[gswredland] 22/11/2016 12:11

Even with the upbeat statement a month ago it fell. I will await tomorrow...

[staylow1] 22/11/2016 11:47

It's more with the volume last week as well. But to be honest I've not been follow SCT all that long so I'm not really aware of how it trades day to day

[shareholder7] 22/11/2016 11:33

10 trades of 50k sales so £500,000 sold by some one as the trades look all similar I doubt that this is due to bad results as it would be insider trading and easily investigated

[staylow1] 22/11/2016 11:08

Ah the moment you replied was the moment I found on their site. :-) Thanks for the heads upI'd like to think on a good update, but the volume on the sell side tells me otherwise. Could be wrong, as you say fingers crossed.

[shareholder7] 22/11/2016 11:03

Trading update for 1st quarter I would assume IT spend would be pushed forward to beat price increases so I am hoping for an upbeat statement But as I said fingers crossed

[staylow1] 22/11/2016 10:57

Hi Shareholder,What news is being released tomorrow?

[shareholder7] 22/11/2016 10:23

Hoping for good news tomorrow To me if anyone was going to buy a Microsoft product they would bring forward the purchase before the 1st Jan price uplift as with other products But who knows Figures crossed

[shareholder7] 18/11/2016 20:41

https://www.softcat.com/news/softcat-delighted-to-be-named-as-crn-reseller-of-the-year-2016/

[staylow1] 18/11/2016 13:26

Ah and I forgot to mention that the price has hardly moved

[staylow1] 18/11/2016 13:25

300k buys to 30k sells. Would that suggest someone is off loading?

[smokybenchod] 17/11/2016 13:21

The previous poster a while back was correct about SCT passing price increases onto customers ref brexit - in fact they've now setup a page with the price hike information on per vendor. hxxps://www.softcat.com/news/manufacturer-price-increases-uk-impact/
Shouldn't affect margins - happy days.

[maverick82] 17/11/2016 11:06

Yeah I agree. Price today is due to ex divi so nowt to worry about. More good news for SCT renthr Kent CC tender

[igoe104] 17/11/2016 09:23

Going ex divi, has probably kicked off a few stop-loses this morning.

Anyway good news here.

Bytes, Softcat and Insight among VARs picked for software framework.


Eight IT suppliers, including Bytes, Softcat and Insight, have been provisionally selected for a public sector software framework, CRN understands.
Kent Commercial Services (KCS), the division of Kent County Council running the Supply of Software Products and Associated Services framework, sent intention-to-award notices to the suppliers last week (full list below), at which point a 10-day standstill period began.

The framework is divided into three Lots: Lot 1 for Microsoft products; Lot 2 for security; and Lot 3 for commercial off-the-shelf software.
Lots 1 and 3 have seven suppliers and Lot 2 has eight suppliers, with the majority provisionally appearing on all three Lots.

Bytes Software Services is one of those suppliers on all three Lots and Chris Swani, divisional director of public sector at Bytes, explained that the framework is a replacement for the Pro5 framework.
"We did put quite a bit of business through that [Pro5] framework – it was especially popular with local government and quite a few NHS organisations as well, [so] anything outside central government," he said.
"We find that when we're speaking to customers about it they like the look of it for a number of reasons.
"Firstly there aren't as many resellers on it, which means they don't have to keep relationships with 20-odd resellers like on CCS [Crown Commercial Services] frameworks, but there is also a direct award facility so they can do their own benchmarking if they want to, but if they find a reseller they trust they can do a direct award."
Jamie Burke, sales director for hte public sector at Softcat, said he was delighted the reseller made the cut.
"This will allow Softcat to continue working closely with those clients who previously used the Pro5 framework," he said. "Thanks to the hard work of our frameworks team Softcat are now represented on almost 30 public sector frameworks, which means we can accommodate each client's exact procurement needs as opposed to trying to push them down one particular route based on our own framework representation."

[igoe104] 16/11/2016 16:41

Softcat PLC’s (SCT) “Buy” Rating Reiterated at Peel Hunt
November 15th, 2016 - By Renee Jackson - 0 comments
Peel Hunt reissued their buy rating on shares of Softcat PLC (LON:SCT) in a research report sent to investors on Thursday morning. The firm currently has a GBX 380 ($4.75) target price on the stock.
Several other research analysts have also recently weighed in on the company. Berenberg Bank reiterated a buy rating and set a GBX 425 ($5.31) price target on shares of Softcat PLC in a research report on Thursday, September 29th. Citigroup Inc. started coverage on Softcat PLC in a research report on Tuesday, September 13th. They set a buy rating and a GBX 410 ($5.12) price target for the company. Jefferies Group reiterated a hold rating and set a GBX 345 ($4.31) price target on shares of Softcat PLC in a research report on Tuesday, November 1st. Finally, Credit Suisse Group AG reiterated an outperform rating and set a GBX 340 ($4.25) price target on shares of Softcat PLC in a research report on Wednesday, October 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Softcat PLC currently has an average rating of Buy and an average target price of GBX 380 ($4.75).

[igoe104] 16/11/2016 12:59

Softcat PLC (SCT) To Go Ex-Dividend on November 17th.

Softcat PLC (LON:SCT) declared a dividend on Wednesday, October 19th. Shareholders of record on Thursday, November 17th will be paid a dividend of GBX 17.80 ($0.22) per share on Friday, December 16th. This represents a yield of 5.36%. The ex-dividend date of this dividend is Thursday, November 17th. This is a positive change from Softcat PLC’s previous dividend of $1.70.

[igoe104] 16/11/2016 12:48

Brexit? No impact at all, chuckles reseller juggernaut
Softcat warned of storm cloud in UK ahead of referendum, now says it blew over.

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today.
The mid-market reseller said in the spring that business confidence could be dented by political uncertainty, but as it transpired, sales for the year ended July grew 12.8 per cent to £672m, ahead of analysts' consensus, but slightly slower than in recent years.
“We have continued to win large numbers of new customers and earn increased spend from our existing customers,” bellowed Martin Hellawell, Softcat CEO. Demand “remained solid despite the distraction of the referendum,” the exec claimed.
He reiterated there was no magic formula to filing its 44th plus quarter of consecutive growth, just attention paid to customer service by an “engaged team” at the company.
Softcat added a Glasgow branch in the year, and hired 133 incremental staff - management have always laboured under the idea that more account managers equates to more sales.
“To build scale we have continued to recruit more people into sales, technical specialist and service roles to advice on, implement and support technology for customers,” said Hellawell.
The revenue mix in the year saw £319.97m generated by software, up 11.3 per cent year-on-year, hardware accounted for £250.7m versus £233.8m and services some £101.6m, up by nearly a fifth.
Hellawell claimed the top line numbers were “significantly ahead of the market” and a 17.5 per cent spike in gross profit to £120.7m showed it was “taking significant share from competitors”.
Customer numbers and gross profit per customer grew 7.5 and 9.2 per cent respectively in the year.
Administrative expenses grew to £78.5m from £63.19m in fiscal ’15, leaving operating profit at £42.2m, up 6.6 per cent, which included exceptional costs (the IPO). After tax, net profit was £33.15, up from £31.11m.
Softcat floated on the London Stock Exchange in November at 240 pence, the share price peaked at 380 pence but has settled around 300 pence.
“This has been a busy year for Softcat. It hasn’t been an easy year and never will be. We constantly need to prove our worth to existing and new customers in a very competitive world,” said Hellawell.
"While it is always difficult to know exactly what is affecting demand in our industry, we did see some customers making slower decisions leading up to the vote… in the aftermath of the referendum, we have seen no obvious impact on trading in what remains a tough and fiercely competitive market

[mfhmfh] 14/11/2016 18:21

Q1 trading update on 23rd November according to website