Computacenter Share Discussion Threads

[imastu pidgitaswell] 01/3/2021 22:04

1014 - no it isn’t.

Earnings per share (EPS) is profit after tax (and minority interest etc if applicable) divided by the number of shares.

P/E ratio is share price divided by EPS.

[hatfullofsky] 01/3/2021 18:56

Today we sit at 2100 the same level we were at on 03/09/20 in that time(6 months)we have :

09/09/20 Upgraded expected FY PBT to >£180m
10/12/20 Upgraded expected FY PBT to >£190m
22/01/21 Upgraded expected FY PBT to >£195m

We have also agreed to by Pivot (09/09) and released these statements :

30/10/20 "These acquisitions will have a marginal positive effect on our 2020 results but should, together in aggregate, add significantly to 2021.

22/01/21 The positive momentum we have seen in trading since the start of the pandemic shows no sign of abating, and our pipelines for both Technology Sourcing and Services are as strong as at any time we have seen in the last year.


The only negative I can find is the organic growth numbers :

Total revenue for the Group grew by eight per cent. Excluding the effect of the recent acquisitions made in November, Pivot Technology Solutions in North America and BT Services France, total revenue grew by three per cent overall.

In conclusion we are being priced as an ex-growth company. I feel this is a mis-pricing as we can clearly acquire good companies at reasonable prices.

[hatfullofsky] 01/3/2021 18:20

PE normally calculated on PBT

[farnesbarnes] 01/3/2021 15:49

I always forget tax. Thanks.

[imastu pidgitaswell] 01/3/2021 15:19

Remember that's profit before tax of c£200m, Profit after tax will therefore be more like £150-160m, depending on the tax rate.

Still not massively expensive, but not as cheap as a PE of 12.

[farnesbarnes] 01/3/2021 15:14

It just doesn't make sense.

"In excess of 195m" is EPS of 1.73.

2100p is a PE ratio of 12. 3000p is a PE of 17. Not exactly demanding is it?

[blackholer48] 01/3/2021 15:02

Excellent based upon quality and value. Share price is currently close to its 200 day moving average suggesting short term weakness. I suspect that institutional investors have sold off CCC to favour more cyclical stocks. Hope I'm proved right when final results are published. Nothing hitherto to alarm small investors either.

[togglebrush] 01/3/2021 14:22

From Financial Diary on LSE BB
'
Final Results 16-Mar-2021

[olivert] 01/3/2021 14:01

Results due sometime in Mid-March...

[hatfullofsky] 26/2/2021 14:25

Good volumes too

[olivert] 26/2/2021 14:20

Thanks...managed to hoover some up below 2100..

[peterlowen] 26/2/2021 11:40

Can't believe the attack on this, letting all the big buys in before the results...

[hatfullofsky] 26/2/2021 11:29

Some nice buys just below 2100

[shanklin] 25/2/2021 16:30

Agreed Tole

Its good to know that with the lockdown easing, nobody worldwide will be using computers any more :-)

[tole] 25/2/2021 13:37

I've also starting picking some up here. Scaling in on the drop.Current weakness probably due to a bit of stock rotation as money moves into some other sectors more focused on the forthcoming lockdown easing.. travel, retail etc..

[zulu_principle] 25/2/2021 08:54

Bought in here for a modest stake a few days ago - given current trading, cash position, accreditations / reputation, etc the recent price fall looks over done. Just wondering if the intraday is always so volatile???

Can't find any evidence of existing or new short positions so wondering if activity on IG Index (or similar) is driving very short term price fluctuations.

[hatfullofsky] 20/2/2021 00:42

Absolutely quality company. 2200, 2000 both great entry prices

[its the oxman] 19/2/2021 16:44

Yikes 2200p. Added again at close, must be a mug for ccc.

[its the oxman] 17/2/2021 12:36

Just need another fiver on the price now.

[its the oxman] 17/2/2021 12:08

The price has just gone up 20p , perhaps someone read your post Peter. Nice spot though thx. ?

[peterlowen] 17/2/2021 11:43

Another great contract today...... £14.2 mill

[its the oxman] 16/2/2021 16:14

Just added 2208p , hope it's not the wrong thing to do.

[peterlowen] 13/2/2021 07:38

Softcat a competitor to Computacenter was brought down to 1120p a few weeks before results, now trading at 1558p after results even reaching excess of 1600p at one point. This is after director sells see below:-

Softcat directors sell over £11m in stock Investors Chronicle11:35 Wed, 03 Feb
In brief: Softcat CFO Sells GBP900,000 Worth Of Shares London South East21:27 Thu, 28 Jan
Share:
In brief: Softcat Chair Martin Hellawell Sells GBP17 Million In Shares London South East13:46 Wed, 27 Jan.

Now if you follow the impressive contracts for Computacenter;-



and Softcat :-



both doing very well.....

I think Computacenter will be a similar trace upto and beyond results, Just my thoughts....

[qvg] 12/2/2021 17:11

Pidgit, yes, and a few individual ones who are rather worried about current exuberance so are taking a bit of cash off the table (eg me)

[shanklin] 12/2/2021 15:47

Agreed ip.