Computacenter Share Discussion Threads

[nk104] 08/9/2023 12:53

Hope 'justiceforthemany' has tucked his bib in. There's a very large slice of humble pie to eat.

[kalai1] 08/9/2023 11:47

ComputaCenter plc posted interims for the HY ended 30th June this morning. Revenue was up 26.8% to £3,584.9m, PBT was up 13.9% to £122.8m while EPS was up 13.7% to 76.5p. The Group is on course for its nineteenth year of uninterrupted full-year adjusted diluted earnings per share growth. The balance sheet remains solid with over £300m cash and net funds of £164.8m. Valuation is relatively attractive with forward PE ratio at 12.4x top quartile for the Software & IT Services sector. The fragile macro environment is the main cloud to the investment case, share price also lacks some momentum. CCC is a solid, growing and profitable company worth monitoring for the longer run, but is perhaps still a little early to be buying...

...from WealthOracle

[babbler] 08/9/2023 11:39

Can all change in a day... And it did lol

[phillis] 08/9/2023 09:22

Nice results

[justiceforthemany] 07/9/2023 21:45

Down 12% over the past year. So much for being a growth stock and takeover target.

[fuji99] 18/8/2023 14:45

I don't think this is specific to CCC or the sector itself. The downtrend is across the board and behaving as if the markets anticipate a possible correction. Software/IT, Miners, Retail and House builders are dropping everyday. If one looks at the performance of the S&P/DOW/Nasdaq over the last 10 years, it's logical to expect a correction at some point. This is without the outcome of Russia/Ukraine conflict, China possibly attempting invading Taiwan and the BRICS becoming an economic threat to the West. The markets horizon is becoming a big question mark.

[justiceforthemany] 18/8/2023 10:46

Continues to be hammered

[justiceforthemany] 08/8/2023 17:58

This is back to March lows. Terrible recent performance down 20%

[johnrxx99] 07/8/2023 05:37

Yes, waiting for news

[justiceforthemany] 04/8/2023 17:21

Anyone here?

[justiceforthemany] 02/8/2023 11:30

This is getting hammered every day.
Broker targets around 3000p are way off as usual.
Touted as a bid target but not behaving like one.

[blippy3] 19/7/2023 13:37

"JP Morgan initiates coverage with overweight rating"
2283p +6.8%

[shauney2] 19/7/2023 08:35

Good timing.

[nk104] 18/7/2023 14:30

Well I've hitched aboard the CCC express at £21.35. Famous last words, but a PE of just over 12, a ROCE of over 20 per cent and net cash must be good.

[fuji99] 14/3/2023 15:55

Everyone seems to find some "material weaknesses in their reporting" - Of course, CCC is not WAND - Strangely everyone seem to be more careful even Credit Suisse - due to more scrutiny ?

[blippy3] 14/3/2023 11:39

@baodicea As a holder of CCC I hope you're right. But as the old adage goes: bad numbers take longer to add up than good ones.

[boadicea] 14/3/2023 11:32

It is clear that the market doesn't like audit delays. Have they found a stock discrepancy to investigate? (etc)
Probably not. More likely a delay due to the auditor's own staffing problems of which there have been a number in the past year.

[nfs] 01/2/2023 10:16

Delighted with the update. I bought back in after the announcement

[boadicea] 31/1/2023 17:32

At least the reaction here to the update has been gently positive, unlike some other shares I hold where a good update or results has been used as an opportunity to sell, completely negating any positive effect and sometimes leaving it lower.
We are now 20% off the (unjustified) lows of last Autumn and it remains very firmly on my list of 'good value' shares.
One hopes that the upstocking of last year has been used to good effect in minimising supply delays to customers and that they will reap a corresponding reputational advantage. It's excellent news that their supply lines are now returning to normality with matching relief to stock levels and cash flow.

[thorpematt] 31/1/2023 08:30

very quiet here considering the +ve update yesterday?

[boadicea] 13/1/2023 14:47

.... but it didn't come.
However, it's good to see the share price on a firmer trend of late. It never deserved to be otherwise imo as the supply chain difficulties were in no way company specific. By adept management they could, conversely, provide comparative advantage over the competition. Of course there will have been additional costs incurred which can be expected to show transiently against margins on a short term view. That is not a good reason to apply a derating to the company and I look forward to the prospect of further steady advance.

[boadicea] 16/12/2022 11:41

... but maybe another chance is coming!

[boadicea] 13/12/2022 12:30

I looked at topping up in October but got greedy- wanting them at 1800p ànd turning down 1810p. Kicking myself now!