Computacenter Share Discussion Threads

[imastu pidgitaswell] 12/2/2021 15:43

I think it's just a valuation thing and some rebalancing.

While not expensive, it's simply not as cheap as it was and there will be some institutional holders who have made large profits over a medium term period and 'need' to sell some to rebalance their portfolios.

They all do it, it's just a question of when - they don't advertise it.

[shanklin] 12/2/2021 15:39

Its certainly difficult to reconcile the share price drop since the TS on 22-Jan-21 with the contents of the RNS.

[its the oxman] 12/2/2021 14:11

2270p ,where r the buyers?

[its the oxman] 07/2/2021 23:21

Cant really see why this has fallen sub 2300p.

[hatfullofsky] 26/1/2021 11:23

UBS smoking something ...

UBS RAISES COMPUTACENTER PRICE TARGET TO 2135 (2030) PENCE - 'SELL'

[hatfullofsky] 22/1/2021 15:40

CREDIT SUISSE RAISES COMPUTACENTER TARGET TO 3176 (2650) PENCE - 'OUTPERFORM'

30% upside, I agree ... at least 30%

[shanklin] 22/1/2021 13:58

Kaboom, yes no intention of selling CCC

[kazoom] 22/1/2021 12:52

That's not my experience martin, but we must be holding different stocks ;-)

To be fair, whilst I was expecting a rise on this statement, we are up c. 35% over the year and about 130% on the March low.

Still a hold for me.

[shanklin] 22/1/2021 12:25

Companies delivering excellent updates through the pandemic seem to be taking punishment beatings, even when there is little substance to the idea that they benefitted from the pandemic. CCC the latest on a long list.

[hatfullofsky] 22/1/2021 11:49

Bad day to release good news. Markets having a down day.

[its the oxman] 22/1/2021 11:42

Shares down, must be a hidden profit warning in there somewhere.

[qvg] 22/1/2021 10:55

yes those were good days. i first bought at 347p in January 2012

[imastu pidgitaswell] 22/1/2021 09:48

Which was a PE multiple of 8 (or 6 as you say, nearer 300). With millions of net cash. And growing.

Now that was cheap...

[farnesbarnes] 22/1/2021 09:46

300-400p was 2012 with an EPS of 44p. Granted PE of 6, but interest rates of 4%. Different world.

[its the oxman] 22/1/2021 09:02

Yes , looks a very cheap growth stock, surely a move closer to 3000p must be on the cards come next results. Think we will see sustained demand for their services over 2021 and probably well beyond.

[farnesbarnes] 22/1/2021 08:47

40% growth when 15% was forecast? There should be a flurry of broker upgrades and a rerating. Even before this update, fair value was nearer 30 quid. I'm thinking 35, maybe even 40.

[its the oxman] 22/1/2021 08:20

Super strong update but market not overly interested it seems.

[farnesbarnes] 22/1/2021 08:12

(double post)

[hatfullofsky] 22/1/2021 08:07

Slow and steady for CCC. KNOS up 10% on a similar update but much higher rating.

Frustrating but long term I have absolutely no issues with CCC.

[farnesbarnes] 22/1/2021 08:04

Translates to 1.71 EPS, PE of 21, circa 3600?

[togglebrush] 22/1/2021 07:13

Synopsis Pre-Close Trading Update - 22 January 2021

Profit before tax will be in excess of GBP195 million.Trading has continued positively through to the end of the year

Total revenue grew by three per cent overall.

Strong growth in Technology Sourcing product sales; Services revenues remained broadly flat.

Net funds, finished extremely strongly at around GBP188 million.

Group Outlook trading since the start of the pandemic shows no sign of abating,

Final results for the year ended 31 December 2020 on Tuesday 16 March 2021.

Conference Call for analysts and investors this morning at 08:30
'
(1) My notes for scale Net Profit 2019 £102 m ; Consensus estimate 2020 £136 million

[hatfullofsky] 21/1/2021 22:48

Very quite here and very low volumes, I think we're going to get a very positive update tomorrow

[shanklin] 21/1/2021 08:47

My mistake shammytime