Computacenter Share Discussion Threads

[toby tots] 15/11/2017 09:12

Good write-up in the Times today explaining everything!

[battyliveson] 14/11/2017 15:33

Looks as of CCC have always had high debtors and creditors probably relating to receivables from clients which are then due to contractors. Very little long term debt.

B

[toyin] 14/11/2017 15:25

Hi LuckyMouse

Yes ADVFN financials are useless I always check the company RNS although Stockopedia are usually spot on. CCC are in the process of distributing £100m back to shareholders in early 2018.

All the best

[luckymouse] 14/11/2017 15:14

This could be wrong in that case

[toyin] 14/11/2017 14:40

LuckyMouse

Sorry for being thick, but CCC dont have any debt thats what is throwing me. Please explain in layman's.

All the best

[luckymouse] 14/11/2017 14:31

you said i was on the wrong thread - presumably because i criticized the lack of dynamic movement due to the debt burden (well that's what i assumed anyway) - so simply illustrated the point with some other vhi pft% vlo dbt% ratio stks.
Hope thats helpful

[toyin] 14/11/2017 13:57

Sorry LuckyMouse I dont follow.

All the best

[luckymouse] 14/11/2017 11:56

Well, I think I got that right Toyin
ATB LM

[battyliveson] 14/11/2017 08:43

Good to see a comfortably ahead of previous expectations. Taken a small position and will await jan results to see if this has real legs.

B

[bullorbear123] 25/8/2017 13:11

Would expect it to be a fair bit higher right now, maybe closer to £11. Results ahead of those that had already been revised upwards, with pre tax profit doubling!

[toyin] 25/8/2017 12:38

Luckymouse

You must be on the wrong thread.

All the best

[dab26] 25/8/2017 12:07

From today's announcement:

NET FUNDS

Net funds3 at 30 June 2017 were £137.3 million, compared to £96.6 million at 30 June 2016. The cash position remains strong, after what is historically the weaker half of the year in terms of our working capital cycle. The net funds position at 30 June 2017 benefitted from the £14.3 million of proceeds on disposal, after £0.2 million of disposal costs, of an investment property that occurred on 26 May 2017. This largely offset the final 2016 dividend of £18.1 million, which was paid in May 2017, and the Group's relatively improved operating cash flow performance, with an inflow of £11.4 million for the period to 30 June 2017 (H1 2016: £1.1 million outflow). Net funds3 decreased by £7.2 million from £144.5 million as at 31 December 2016.

The Group net funds3 position includes current asset investments which have decreased by £30.0 million to nil since 31 December 2016 (H1 2016: £35.0 million). The Group continues to have no material borrowings outside of customer-specific finance leases and loans.

We remain conscious of our responsibility to shareholders to maximise the return on the Group's cash assets and improve the efficiency of our balance sheet. We investigate opportunities to make best use of the funds available and now believe that it would be appropriate to return excess cash to shareholders. We intend to do this in the fourth quarter of 2017, with an anticipated return of value of approximately £100 million.

[luckymouse] 25/8/2017 11:29

might slowly climb to 1500 but debt weighing it down mainly

[red5] 25/8/2017 08:41

Fantastic news today really good to see.

[nasdaqpat] 25/4/2017 10:45

and me!

I was going to dump this at about 760p (getting frustrated with it) but, after that TU, I might well hold it through the market correction and then Add some more.

[chickenrun1] 24/4/2017 09:47

as a long suffering holder I'm pleased to see these up 7% today.

[red5] 13/9/2016 16:44

Thanks dlku

[red5] 13/9/2016 16:44

Thanks dlku

[red5] 12/9/2016 15:39

Does Anybody like to venture a guess as to where this share might be heading in the next year.

[weemonkey] 22/8/2016 16:15

European earnings very helpful here

(see Sterling v Euro for obvious reason why)

[thomasthetank1] 27/4/2016 15:14

Read Panmure Gordon & Co's note on COMPUTACENTER, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BV9FP302
"We revisited our forecast assumptions in the wake of the Computacenter Q1 trading update (April). While the core messages were a reprise of lessons from final results (negative UK performance, better France and Germany) we nonetheless worked through some course correction forecast changes. Net/net 2016E EPS from 53p to 51.5p. Remember a defining feature of Computacenter is not its reselling, but that with its ‘little tweaks’ it has followed the customer, all those years ago, by being vendor agnostic, and more recently by building its services portfolio. In our view digitisation is the next big ‘crank of the wheel’. Like all previous shifts it will be driven by ‘product’; – SMAC product we think. Valuation is way too cheap (PE 16.3x, Dividend yield 2.4%, FCF yield 7.1%) given the cash generation and returns policy (next one likely 2017E) ..."

[thomasthetank1] 21/4/2016 16:55

Read Panmure Gordon & Co's note on COMPUTACENTER, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BV9FP302
"Computacenter Q1 trading update is a reprise of lessons from final results. The negative is the UK performance, the positives are Germany, better France and very good cash position. Ahead of speaking with the company this morning we make no changes to our forecasts and retain..."