Computacenter Share Discussion Threads

[trainsailing] 24/10/2020 15:13

hxxps://schoolsweek.co.uk/100k-more-laptops-for-schools-but-access-is-slashed/

Government orders another 100,000 laptops which are being provided by Computacenter. With increasing Covid cases and businesses delaying their return to the office CCCs services will continue to be in demand.

[togglebrush] 24/10/2020 08:55

After the Bell RNS... extracts which may explain share price action ???
'
Computacenter ... confirms that, with the shareholder approval, ....acquisition of the entire issued share capital of Pivot, with an all cash offer of CAD 2.60 per share, will occur on Monday 2 November 2020.
'
Cost is CAD 105.8 million on a fully diluted basis of 40,688,650 shares, options, and Restricted Stock Units, payable upon completion of the acquisition. By my calculation this equals £61.75 million,
'
Computacenter held cash and cash equivalents of £222.1 million at 30 June 2020
'
Intention announced 9th Sep 20__________About Pivot::-
'
Pivot is an industry-leading information technology services and solutions provider to many of the world's most successful companies, including members of the Fortune 1000, as well as governments and educational institutions. By leveraging its extensive original equipment manufacturer (OEM) partnerships and its own fulfilment, professional, deployment, workforce and managed services, Pivot supports the IT infrastructure needs of its clients.
'
With over CAD $1 billion in revenues, approximately 70% of which is from Fortune 100 enterprises, the Company has a robust customer base on which to build growth: For more information, visit www.pivotts.com
'

[shanklin] 24/10/2020 07:24

Should affect the price on ex div date not payment date

[capitalist] 24/10/2020 07:14

Drop in part due to dividend being paid, possibly triggering bigger drop.

[tongosti] 23/10/2020 16:11

Agreed and happy to see you're managing risk on this one. Hope am wrong and you're right - if so I wouldn't be shy to try my luck again. Cheers.

[shanklin] 23/10/2020 15:55

Who knows? Its only 2.4% of my overall holdings but still not great if it takes a bath.

For the current calendar (and FY) year, they have said PBT will be at least £180m which does not make them super expensive.

[tongosti] 23/10/2020 15:47

You may turn out to be right but all major drops always start on "no apparent reason". If the price goes back to acting right again I will be happy to go back long again. Otherwise happy not to give a suspicious tape the benefit of the doubt. Happy Friday all.

[trainsailing] 23/10/2020 15:44

4% drop for no apparent reason. Keep calm and top up.

[shanklin] 23/10/2020 15:37

Who knows? I have bean waiting for a dip in which to add. Just hope its not something problematic with current trading.

[tongosti] 23/10/2020 15:22

Good for you - go smash it pal.

[shanklin] 23/10/2020 15:19

LOL tongosti, I have just added a few more; its one of my smallest positions.

[tongosti] 23/10/2020 15:04

Well - that's it for me fellas.I just bailed out in three batches. About -1% loss on this trade. Price acting strange not good enough for me. I trade I don't invest.

[bigbigdave] 23/10/2020 14:38

There was a broker note by UBS on 17th September downgrading to 2030, clearly a tactic to try and get their clients in cheaper, wonder if there is one around today. CCC swiftly recovered in the days following the note.

[gemmaqiu12] 23/10/2020 14:30

SCT down too, what's going on?

[roks] 23/10/2020 13:50

someone know something I guess, whole £1 down

[tongosti] 23/10/2020 12:35

Markets going up

[tongosti] 23/10/2020 12:34

Yep but still don't like the fact is going down on a day markets aren't up. Still holding ... unless my stop proves me wrong.

[bigbigdave] 23/10/2020 12:07

Trading statement due next week

[tongosti] 23/10/2020 11:04

Yep - confusing move today but at least is one in low volumes. Still, it pays to prepare for all eventualities. If you've worked out you stop levels then you will be fine even if this doesn't work. Manage your risk as there's plenty of fish in the sea if this doesn't work out. I am still long but watching v closely. Good luck folks.

[roks] 23/10/2020 10:11

Not sure...I was not expecting tha...this does bounce back though, lets see.

[bclissold] 23/10/2020 09:46

why one of the few dropping ?

[tongosti] 22/10/2020 16:56

Very high volumes pushing the close at the day's high. Nice surprise

[roks] 20/10/2020 11:26

26, next stop....heres hoping

[tongosti] 20/10/2020 10:03

Long pause around 2500 level but odds are we will break out and climb up. If not - use your stops gents!