Datatec Share Discussion Threads

[hazl] 08/3/2017 08:04

Yes I thought about them each time but the spread is what puts me off, might consider though.

[longshanks] 08/3/2017 07:52

Anyone, any thoughts on the January announcement reiterated today?

[eezymunny] 04/2/2016 17:31

Quiet here!

Had a few for the EEZY3 portfolio FWIW

[theuniversal] 24/7/2012 20:49

just out of interest bogotatrader if a pi invested at 1.5p in 2004 and had 160000 shares how much would they be worth taking in account the split ratios that happened over the years

[bogotatrader] 13/1/2011 14:11

Great management statement..looks as those these will push up now towards the 335p level and higher

[humanoid] 02/10/2010 14:39

Datatec's earnings likely to lure suitors.

A recovery in information and communication technology (ICT) spend, particularly in the US where Datatec has a large presence, was most likely the reason the company expected a good first-half performance, industry analysts said yesterday.

JSE-listed Datatec, which also trades on the London Stock Exchange, said it expected growth in revenue for the six months to August to be about $300 million (R2.1 billion) higher at $2.1bn from $1.8bn in the comparative period. It expected overall gross margins to remain stable. The results will be published on October 31.

Underlying earnings a share for the period were expected to be around 15 US cents, compared with 11.5 US cents previously, Datatec said.

The company said its board expected earnings a share and headline earnings a share to be between 8 and 9 US cents, compared with 4.9 US cents a year earlier.

Its shares closed 0.3 percent up at R36.48 on the local bourse yesterday. The stock is up 39 percent for the year to date.

In the US Datatec has performed in line with other information technology (IT) companies, notably Cisco, which is regarded as an indicator for sales performance.

Datatec is likely to gain increased investor attention and possibly suitors. Its larger rival, Dimension Data, is the stock which investors regard as having the closest resemblance to Datatec in terms of its dual listings and global IT assets, and it is almost off the list of publicly traded companies.

Datatec's market cap is around R6.8bn whereas Didata's sits at R22.7bn. In relative terms Datatec is worth approximately 30 percent of Didata, according to Jason Kombo, an analyst at Coronation Fund Managers.

Abdul Davids, the head of research at Kagiso Asset Management, said: "What we find is that the remaining listed companies like Datatec benefit from a 'scarcity premium' as a result. Other companies like Business Connexion and even Gijima will also benefit."

Kombo said smaller IT businesses such as Business Connexion and EOH were good businesses and "I guess the only alternative left to get some IT exposure from a South African perspective".

Conclusion of the sale of Didata to Nippon Telegraph and Telephone is imminent and analysts believe it will only be a matter of time until Datatec follows suit.

Warren Buys, a portfolio manager at Cadiz Asset Management, said Datatec's attraction would be its large presence in several geographies, which would be attractive to another large telecoms or ICT business.

The company could be considered a takeover target, Davids said, pointing out that no major impediments existed in Datatec's structure.

[humanoid] 02/10/2010 14:36

TIDMDTC

RNS Number : 5518T
Datatec Limited
30 September 2010

?
30 September 2010

Datatec Limited

Interim earnings update

Datatec Limited, ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, is currently finalising
its results for the six months ended 31 August 2010 ("the Period"), which will
be published on 13 October 2010.

As a JSE Listed company, Datatec is required to publish trading statements if
the financial results for a given period are more than 20% higher than the
results for the previous corresponding period. As described in more detail
below, underlying* earnings per share, earnings per share and headline earnings
per share for the Period are expected to be more than 20% better than the
previous corresponding period of six months ended 31 August 2009 (the
"Comparative Period").

Group revenues for the Period are expected to be approximately $2.1 billion
compared to approximately $1.8 billion in the Comparative Period, with overall
gross margins remaining stable.

Underlying earnings per share

Underlying* earnings per share for the Period are expected to be between 15 and
16 US cents per share, compared to 11.5 US cents per share for the Comparative
Period.

Earnings and headline earnings per share

Under IFRS, the Group recognises liabilities against equity for the potential
obligation to buy out minority shareholders under the terms of put options held
by them in subsidiaries. At each reporting date changes in the fair value of
such liabilities are booked in the income statement.

An increase in the fair value of these minority interest buy-out liabilities has
resulted in an unrealised additional charge of $6.8 million for the Period,
compared to a charge of $6.4 million in the Comparative Period.

Underlying earnings per share are unaffected by this unrealised charge and there
are no cash implications associated with this accounting treatment.

As a result, the Board expects earnings per share and headline earnings per
share to be between 8 and 9 US cents per share, compared to 4.9 US cents in the
Comparative Period. Excluding the increase in the fair value of put option
liabilities, earnings per share and headline earnings per share would have been
between 12 and 13 US cents per share.

Financial information

The financial information on which this statement is based has not been reviewed
and reported on by Datatec's auditors.

*Underlying earnings per share excludes goodwill and intangibles impairment,
amortisation of acquired intangible assets, profit or loss on sale of assets and
businesses, fair value movements on acquisition related financial instruments
and unrealised foreign exchange movements

Enquiries:

+--------------------------------------+---------------------+
| Datatec Limited (www.datatec.co.za) | |
+--------------------------------------+---------------------+
| Ivan Dittrich - Chief Financial | [phone] |
| Officer | |
+--------------------------------------+---------------------+
| Wilna de Villiers - Group Marketing | [phone] |
| Manager | |
+--------------------------------------+---------------------+
| | |
+--------------------------------------+---------------------+
| Jefferies International Limited | |
+--------------------------------------+---------------------+
| Chris Snoxall | [phone] |
| | 8000 |
+--------------------------------------+---------------------+
| | |
+--------------------------------------+---------------------+
| College Hill | |
+--------------------------------------+---------------------+
| Adrian Duffield/Rozi Morris (UK) | + 44 (0) 20 7457 |
| | 2020 |
+--------------------------------------+---------------------+
| Frederic Cornet (SA) | [phone] |
+--------------------------------------+---------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END

[humanoid] 02/10/2010 14:33

Logicalis, a subsidiary of JSE- and Aim-listed information and communication technology group Datatec, has acquired unified communications (UC) solutions provider Touchbase Singapore from the Touchbase Group.

The business would be integrated with Logicalis' Singapore operation.

"This acquisition brings further UC and customer contact expertise to Logicalis, as well as growing its Asia Pacific presence and reinforcing the Cisco Asia relationship. Touchbase Singapore also has an extensive client base to which Logicalis can now provide a broader service offering," said Datatec CE Jens Montanana.

Touchbase Singapore achieves annual revenues of about $8-million.

On Friday, Datatec announced that it was also acquiring South African security product distributor, Biodata IT, which would be integrated into the group's South African networking, convergence, security and mobility distribution business, Westcon SA.

[humanoid] 02/10/2010 14:30

(RTTNews) - Datatec Ltd. (DTC.L: News ) said Friday it agreed to acquire Biodata IT SA (Pty) Ltd., a South African registered and privately owned niche security product distributor based in Johannesburg, for undisclosed terms. Datatec is a provider of information and communication technology services.

Datatec noted that the acquisition will be integrated into its South African networking, convergence, security and mobility distribution business Westcon SA. The company is of the view that Biodata's strong vendor suite and established presence in the local market adds significantly to Westcon SA's existing security portfolio.

According to Jens Montanana, Datatec's chief cxecutive, "The acquisition will allow Westcon SA to bolster its distribution of security solutions."

[humanoid] 01/10/2010 20:10

StockMarketWire.com - International information and communications technology group Datatec has made a conditional offer to acquire 100% of Comztek Holdings (Pty) Ltd for R97m.

The consideration will be settled partly by cash and partly by the issue of Datatec and/or subsidiary shares.

Comztek is a South African-based distributor of networking, security and other hardware and software products that are highly complementary to the activities of the Westcon Distribution business of Datatec in South Africa.

Datatec says Comztek also has operations in the rest of Africa that, when combined with Westcon's pan-African footprint, could lead to the creation of a strategically significant player across many African markets.

Datatec says management and all shareholders except for Mustek Limited have indicated their support for the transaction.

Mustek holds 41.84% of the share capital of Comztek.

Datatec has extended the acceptance date for the offer to 30 September.

[dalstal] 14/1/2010 18:12

decent statement here and price reaction due to it. thought i would post on this thread because if nothing else - that is a decent pic of kylie.

[alan@bj] 24/8/2007 08:45

"The Times" 26/08/07 - Rumour of the day

Datatec, the AIM-listed distributor and reseller of IT and telecoms equipment, up 4½p at 302p, is to report interims in October. Its US rival, Tech Data, has just revealed surprisingly strong growth in sales thanks to its business in North America, an area in which Datatec has a strong presence. Dresdner Kleinwort has a price target of 328p.

[alan@bj] 18/6/2007 09:07

Still in here kingfast. 46% gain since October 2006.

[kingfast] 18/5/2007 10:32

It looks like something has been disturbed, will start another thread if I feel so inclined. Good luck Alan.

[vanhalen] 18/5/2007 04:42

Bloody hell ..... what are you lot doing here ???

This thread was nice and quiet .... now clear off !!!

Oh i see ............. Datatec ......... i think you guys need to start another thread as this was set up years ago when DTC was the epic for Digital Classics.

[kingfast] 17/5/2007 14:52

Alan, results good but it looks like the customary retrace to perhaps 280 after a good run before the next spike, patience is all.

[alan@bj] 16/5/2007 16:07

Good results. Should get some coverage in the press.

[alan@bj] 11/5/2007 14:41

It usually does when I buy in kingfast. Why should you be any different? Seriously though, the chart looks good.

[kingfast] 10/5/2007 18:02

Alan - as good a reason as any, why bother with tiresome analysis. Level 2 looks OK. No problem with low volume if the bid is there (currently 47,000 at 2.87) It can't stop because I've bought in can it?

[alan@bj] 10/5/2007 16:59

kingfast - Bought in 6 months ago, and up 36.72% now. Volume's usually low so the price can bounce around a bit, but the trend is good. Buying decision clinched by vanhalen's great pics.