Computerland Uk Share Discussion Threads

[recruiter] 11/12/2002 08:40

oh now these are stupidly cheap at this price.
Looking for 120p by early next week, Good press in the next few days...
PE is less than 10.

[cmillar] 11/12/2002 07:46

Valentine,

Sounds Groovy (not......)

[cmillar] 11/12/2002 07:45

Up 5% pre-market

Well here they are:

COMPUTERLAND UK PLC

Interim Results for the six months ended 31 October 2002


ComputerLand UK PLC, which focuses on fulfilling the essential IT needs of
medium and large organisations, today announces record interim results for the
six months to 31st October 2002.


KEY POINTS

O Turnover up 58% to £26.7 million (2001/2 H1: £16.9 million)

O Pre-tax profit up 389% to £738,000 (2001/2 H1: £151,000)

O EPS up 373% to 5.2p (2001/2 H1: 1.1p)

O Dividend per share increased by 37.5% to 1.1p (2001/02 H1: 0.8p)

O Net cash increased £1.1 million to £5.1 million

O Continued strong growth in contracted service revenues


Graham Gilbert, Chairman, commented:

"The inherent strength of our sales proposition has lead to significant new
customer wins. This has resulted in sales growth of over 50%, half on half, and
a near four-fold increase in pre-tax profits.

CHAIRMAN'S STATEMENT

I am delighted to report record sales and profits for the six months to 31
October 2002. The inherent strength of our sales proposition has lead to
significant new customer wins. This has resulted in sales growth of over 50%,
half on half, and a near four-fold increase in pre-tax profits. Contracted
revenues have grown strongly and we are confident that this growth will continue
in the second half with new multi-year contracts expected to start in first
quarter of calendar 2003.

Turnover during the half was £26.7 million, an increase of 58% on the comparable
period last year (2001/2 H1 £16.9 million). Pre-tax profits increased 389% to
£0.74 million (2001/2 H1 £0.15 million). Cash flow from operating activities of
£1.6 million led to net cash of £5.1 million at 31 October 2002. Earnings per
share rose four-fold to 5.2p (2001/2 H1 1.1p).

ComputerLand specialises in the provision of Essential IT Services to corporate
and public sector clients. Essential IT Services are the services that
organisations require to ensure that their IT infrastructure continues to
operate smoothly. Examples of Essential IT Services are IT helpdesks, network
support and hardware maintenance. These types of service are less sensitive to
the general economic climate than more discretionary services. Traditionally,
companies have performed most Essential IT Services "in house". There is,
however, an increasing trend to outsource these services. ComputerLand is often
able to help organisations wishing to outsource, by combining higher service
levels with lower costs.

Organisations typically look for a single supplier to provide a range of IT
services. These services might include the supply and installation of new IT
equipment, the design and deployment of new IT systems, and the ongoing support
of their end-users and network infrastructures. ComputerLand has developed a
range of service products that enable us to provide a "one stop shop" to our
clients.


Employees

During the recent period of substantial growth we have continued to deliver the
highest standards of customer service.

With this in mind I would like to thank all our staff for their dedication,
professionalism, and loyalty during the past six months.


Dividend

Our excellent performance combined with strong cash generation and confidence in
the future enables us to increase the interim dividend by 37.5% to 1.1p per
share. The interim dividend will be paid on 3 March 2003 to shareholders on the
register at the close of business on 7 February 2003.


Outlook

The Group has significant potential to expand its presence in the market for
essential IT services. Your Board therefore looks forward to the future with
confidence.

[cmillar] 10/12/2002 17:51

I agree too. I notice that Northgate and other Service solution providers are all talking about full order books.

Also note that Glaxo Smithkline are looking at outsourcing their IT function.

I think we could be in for a very pleasant surprise tomorrow.......

[valentine] 10/12/2002 13:13

Totally agree. It is all about bottom line and I think CPU are about to undeline that fact!!

[valentine] 10/12/2002 09:56

I wonder if anyone is?? Too shell-shocked elsewhere, perhaps? They can't understand cos that make a genuine profit. Rare Bird in this environment!

[recruiter] 09/12/2002 16:17

if anyone is interested that is !

[recruiter] 09/12/2002 08:45

one to watch this week I feel.

[valentine] 06/12/2002 18:00

Results on 11th!! Be good timing!

[recruiter] 06/12/2002 13:40

be very nice to see some press for this stock over the weekend.
Perhaps Midas in Sunday mail ?

[drdre] 05/12/2002 11:25

I agree. However, in this market, if you bought below 70p then you have made a nice profit so good luck to them :) I would expect H1 EPS to match or exceed EPS for FY 2001 and would also expect a continuation of the bullish trading statement made recently. It would be disappointing for the tune to change so rapdily in a couple of months.

DR

[recruiter] 05/12/2002 09:52

why would anyone sell when results are so close ?
Crazy, the more I have looked into this, the more I realise this is almost a no-brainer.

[valentine] 05/12/2002 09:01

Maybe CM can help you...if he chooses to, of course?
You have to take a little risk sometime!

[recruiter] 05/12/2002 08:39

so guys what do you expect profit to be ?
Be nice to get a strong & positive statement for the outlook aswell.
Shares have done well it seems (comparitively) since Trading Statement, but should have done a lot better really.
The word neeeds spreading, people should get out of the dross like your NSB's, OCH's & buy something which has low pe, strong cash position, limited downside, tons of upside....like ..........................CPU !

Will it pass 100p soon ?

[valentine] 04/12/2002 16:37

and a bit!!!

[recruiter] 04/12/2002 15:20

Hi, new to the stock in the last few days.
Like everything I have read, particularly the investtech chart stating that there is little resistance to 140p.

Do you think that CPU may surpass the £800K profit mark ?

[valentine] 02/12/2002 17:14

Top stuff mate!! Do you write their blurb?!

[cmillar] 02/12/2002 17:11

Gotta love this chart

;-)

[valentine] 29/11/2002 17:41

Well spotted Chris. Keep it up. Ta!

[cmillar] 29/11/2002 10:49

DrDre,

Couldn't agree with you more. With the size of this company extra profits of 100k / 200k make a big difference to EPS and PE.

Roll on Dec 11th.

[drdre] 28/11/2002 15:57

I have come across these and they look very interesting. Very upbeat trading statement, EPS forecasts of 7.1p for 2003, P/E of 10. Cash of £4m vs mkt cap of £7.4m. Results out 11 december. Very little volumes so any significant trades will have a major impact.

All the best, all IMHO

DR

[kaffee] 01/11/2002 07:46

Helloooooooo... anybody out there ?? Am I the only one holding this share ??