Computacenter Share Discussion Threads

[mechanical trader] 13/4/2012 07:59

CCC Computacenter

Starting to look very interesting again
for bulls.

brokers like it and it trades on a forward
P/E of just over 9 for 2013 FAR TOO CHEAP...

Computacenter PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
12-04-12 BUY 83.90 41.50 16.40 93.30 44.90 17.90
Investec Securities
07-12-11 BUY 80.87 40.40 16.56 84.13 42.20 18.55
Arbuthnot Securities
01-12-11 None

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 82.99 41.17 16.45 90.55 44.09 18.10

1 Month Change 0.11 0.08 -0.10 -0.05 -0.01 0.00
3 Month Change -0.44 0.02 -0.05 -0.91 -0.67 -0.14


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 12.34% 10.62% 7.10%
DPS 23.48% 15.83% 10.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £35.26m £110.44m £119.79m
EBIT £m £m £m
Dividend Yield 3.26% 3.78% 4.16%
Dividend Cover 2.62x 2.50x 2.44x
PER 11.70x 10.57x 9.87x
PEG 0.95f 1.00f 1.39f
Net Asset Value PS 194.62p p p

[route66] 02/4/2012 16:56

would have got hit anyway... lol

[route66] 30/3/2012 14:06

anyone know what a negotiated trade is? Thats the description when my stop loss of 434.5 was hit today

[rathlindri] 27/3/2012 11:21

A quiet BB here.... things ticking along nicely though?

[pj 1] 14/3/2012 15:32

Don't rub it in!!! Sold yesterday!!!!

[psmig] 14/3/2012 15:31

Two big buys of 100,000 and another of 25,000 just gone through at 448!

[foxman14] 13/3/2012 17:11

Wow! Great momentum here, forget what I said earlier. It could bust out the 440's tomorrow and challenge last years high!

[tomrob] 13/3/2012 13:14

For what it's worth we've just failed to agree a renewal on the only remaining business (a hardware service contract) we have with CCC so that's circa £35k that they had in 2011 that they won't be booking in 2012. They were looking to double the charge and we were already of the opinion that we received poor value for money. Nearly all of that £35k went to the bottom line, all we had in return was two hard drives that they posted to us and we fitted ourselves.

[foxman14] 13/3/2012 13:06

Just had a quick look at the chart, resistance at 440ish? Seem to remember it halting around there last year prior to the results announcement. Not complaining though nice £500+ since Thursday, just would like and additional £200+. You guys that have held since Dec/Jan are quids in!

[cambium] 13/3/2012 10:38

DJ UPDATE: Computacenter Confident On 2012 As Profit Grows Again




-- Computacenter posts sixth consecutive year of double-digit profit growth

-- Chief executive says contracts won last year will boost performance in 2012

-- Fragmentation of outsourcing contracts has benefited company



(Adds details, comments from chief executive and analyst, and updates share price.)



By Peter Evans

Of DOW JONES NEWSWIRES



LONDON (Dow Jones)--Information technology company Computacenter PLC (CCC.LN) said Tuesday it is confident of its prospects in 2012 given its improving pipeline of opportunities, as it posted a 10% rise in full-year pretax profit, boosted by strong trading in Germany and France.

"We had a stunning year in Germany, but were a bit weaker in the U.K.," Chief Executive Mike Norris told Dow Jones Newswires. "Our outlook for 2012 is reasonably confident [as] a number of contracts we won last year will start to come through."

Computacenter reported pretax profit of GBP72.1 million in 2011, compared with GBP65.4 million a year earlier, on revenue 6.6% higher at GBP2.85 billion. The company raised its dividend 10% to 15 pence a share.

Although the company traded well in Germany--where revenue grew 22%--U.K. revenue fell 13%, reflecting reduced demand in harsh economic conditions.

Investec Securities analyst Julian Yates said Computacenter's positive outlook and history of resilience in tough economic conditions made it a safe bet for investors. Yates retained his buy rating on the stock with a target price of 50 pence.

At 1020 GMT, the shares traded up 0.2% at 410.6 pence.

Since its inception in 1982, Computacenter has expanded from a computer hardware company into a provider of information technology services, with customers including BMW AG (BMW.XE) and Daimler AG (DAI.XE).

Norris said the firm had benefited in recent years from the fragmentation of outsourcing contracts. "Big corporations have rejected very large, single tower outsourcing and have split the contracts into four or five different suppliers," he said. "[This trend] has been incredibly beneficial to us and is likely to continue for another three to five years."

[rogash] 13/3/2012 10:32

This pays 4% divi,and has had double digit growth for 6 years.Should be valued a lot higher.

[pj 1] 13/3/2012 09:08

Sorry Boys but I'm out. Results In line with expectations. Cannot see where the spark to increase the multiple is going to come from. Declining UK Sales (v increase over the water) slight concern. PEG indicates the Company is fairly valued for now IMO. Good Luck

[cambium] 13/3/2012 07:52

DJ Computacenter Poised For Further Growth, Profit Up On European Sales




LONDON (Dow Jones)--Information technology company Computacenter PLC (CCC.LN) said Tuesday it is well placed for further growth in 2012 given its improving pipeline of opportunities, as it posted a 10% rise in full-year pretax profit, boosted by strong trading in Germany and France.

"We believe that despite the current economic climate, there would need to be further deterioration in this environment for expectations not to be met this year and the board is confident of achieving further progress during 2012," Chief Executive Mike Norris said.

Computacenter reported pretax profit of GBP72.1 million in 2011, compared with GBP65.4 million a year earlier, on revenue 6.6% higher at GBP2.85 billion. The company raised its dividend 10% to 15 pence a share.

Although the company traded well in France and Germany--where revenue grew 22% and 33%, respectively--U.K. revenue fell 13%, reflecting reduced demand in harsh economic conditions.

[gorilla36] 13/3/2012 07:52

Looks like a decent set of results.

[cockneyrebel] 12/3/2012 16:54

a rather delicious move today :-)

CR

[panachegrp] 12/3/2012 15:53

crickey....looks like good results tomorrow

[cockneyrebel] 12/3/2012 14:26

agree wjcc - and looks like a few keen buyers about ahead of tomorrow's results imo.

CR

[rathlindri] 12/3/2012 13:24

Looking a bit more like it now....would be happy to see a close above 400p today.

[wjccghcc] 12/3/2012 12:30

Picked a few up at 370p on the dip. Not the most exciting story but truly excellent cashflow.

[cockneyrebel] 12/3/2012 10:51

looking a bit happier today - seller cleared on Friday perhaps.

[tomo1980] 09/3/2012 22:21

I getting quite worried now. Any drop on Monday and I think the any gains Tuesday could just about make me even. Keeping my fingers crossed.

I'm putting it down to MM's needing to get their hands on some stock at the minute.

[simonh88] 09/3/2012 18:14

something fishy going on? does someone know something they shouldn't really know about?

I was tempted to buy, but consecutive big drops before the results, is leaving me worried

[cockneyrebel] 09/3/2012 17:46

agree rogash, the last trading update was hit by a sell off ahead of it - then rose over 100p off the back of it.

CR

[foxman14] 09/3/2012 17:27

Mmmmm bought in this afternoon because I thought under 380 was good value. I was watching this yesterday and there was a large sell off at close then that pushed the price down. Might just be a seller trying to make themselves look good or something more concering. I have traded this share before and you can very often get a bargain price because like CR said, it is illiquid. Lets hope we get some buyers coming in at 368 on Monday!