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DTC Datatec

310.00
0.00 (0.00%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Datatec LSE:DTC London Ordinary Share ZAE000017745 ORD ZAR0.01(DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 310.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
285.00 335.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 310.00 GBX

Datatec (DTC) Latest News

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Datatec (DTC) Top Chat Posts

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Posted at 02/10/2010 13:39 by humanoid
Datatec's earnings likely to lure suitors.

A recovery in information and communication technology (ICT) spend, particularly in the US where Datatec has a large presence, was most likely the reason the company expected a good first-half performance, industry analysts said yesterday.

JSE-listed Datatec, which also trades on the London Stock Exchange, said it expected growth in revenue for the six months to August to be about $300 million (R2.1 billion) higher at $2.1bn from $1.8bn in the comparative period. It expected overall gross margins to remain stable. The results will be published on October 31.

Underlying earnings a share for the period were expected to be around 15 US cents, compared with 11.5 US cents previously, Datatec said.

The company said its board expected earnings a share and headline earnings a share to be between 8 and 9 US cents, compared with 4.9 US cents a year earlier.

Its shares closed 0.3 percent up at R36.48 on the local bourse yesterday. The stock is up 39 percent for the year to date.

In the US Datatec has performed in line with other information technology (IT) companies, notably Cisco, which is regarded as an indicator for sales performance.

Datatec is likely to gain increased investor attention and possibly suitors. Its larger rival, Dimension Data, is the stock which investors regard as having the closest resemblance to Datatec in terms of its dual listings and global IT assets, and it is almost off the list of publicly traded companies.

Datatec's market cap is around R6.8bn whereas Didata's sits at R22.7bn. In relative terms Datatec is worth approximately 30 percent of Didata, according to Jason Kombo, an analyst at Coronation Fund Managers.

Abdul Davids, the head of research at Kagiso Asset Management, said: "What we find is that the remaining listed companies like Datatec benefit from a 'scarcity premium' as a result. Other companies like Business Connexion and even Gijima will also benefit."

Kombo said smaller IT businesses such as Business Connexion and EOH were good businesses and "I guess the only alternative left to get some IT exposure from a South African perspective".

Conclusion of the sale of Didata to Nippon Telegraph and Telephone is imminent and analysts believe it will only be a matter of time until Datatec follows suit.

Warren Buys, a portfolio manager at Cadiz Asset Management, said Datatec's attraction would be its large presence in several geographies, which would be attractive to another large telecoms or ICT business.

The company could be considered a takeover target, Davids said, pointing out that no major impediments existed in Datatec's structure.
Posted at 02/10/2010 13:36 by humanoid
TIDMDTC

RNS Number : 5518T
Datatec Limited
30 September 2010

?
30 September 2010

Datatec Limited

Interim earnings update

Datatec Limited, ("Datatec" or the "Group", JSE and LSE: DTC), the international
Information and Communications Technology (ICT) group, is currently finalising
its results for the six months ended 31 August 2010 ("the Period"), which will
be published on 13 October 2010.

As a JSE Listed company, Datatec is required to publish trading statements if
the financial results for a given period are more than 20% higher than the
results for the previous corresponding period. As described in more detail
below, underlying* earnings per share, earnings per share and headline earnings
per share for the Period are expected to be more than 20% better than the
previous corresponding period of six months ended 31 August 2009 (the
"Comparative Period").

Group revenues for the Period are expected to be approximately $2.1 billion
compared to approximately $1.8 billion in the Comparative Period, with overall
gross margins remaining stable.

Underlying earnings per share

Underlying* earnings per share for the Period are expected to be between 15 and
16 US cents per share, compared to 11.5 US cents per share for the Comparative
Period.

Earnings and headline earnings per share

Under IFRS, the Group recognises liabilities against equity for the potential
obligation to buy out minority shareholders under the terms of put options held
by them in subsidiaries. At each reporting date changes in the fair value of
such liabilities are booked in the income statement.

An increase in the fair value of these minority interest buy-out liabilities has
resulted in an unrealised additional charge of $6.8 million for the Period,
compared to a charge of $6.4 million in the Comparative Period.

Underlying earnings per share are unaffected by this unrealised charge and there
are no cash implications associated with this accounting treatment.

As a result, the Board expects earnings per share and headline earnings per
share to be between 8 and 9 US cents per share, compared to 4.9 US cents in the
Comparative Period. Excluding the increase in the fair value of put option
liabilities, earnings per share and headline earnings per share would have been
between 12 and 13 US cents per share.

Financial information

The financial information on which this statement is based has not been reviewed
and reported on by Datatec's auditors.

*Underlying earnings per share excludes goodwill and intangibles impairment,
amortisation of acquired intangible assets, profit or loss on sale of assets and
businesses, fair value movements on acquisition related financial instruments
and unrealised foreign exchange movements

Enquiries:

+--------------------------------------+---------------------+
| Datatec Limited (www.datatec.co.za) | |
+--------------------------------------+---------------------+
| Ivan Dittrich - Chief Financial | +27 (0) 11 233 1221 |
| Officer | |
+--------------------------------------+---------------------+
| Wilna de Villiers - Group Marketing | +27 (0) 11 233 1013 |
| Manager | |
+--------------------------------------+---------------------+
| | |
+--------------------------------------+---------------------+
| Jefferies International Limited | |
+--------------------------------------+---------------------+
| Chris Snoxall | +44 (0) 20 7029 |
| | 8000 |
+--------------------------------------+---------------------+
| | |
+--------------------------------------+---------------------+
| College Hill | |
+--------------------------------------+---------------------+
| Adrian Duffield/Rozi Morris (UK) | + 44 (0) 20 7457 |
| | 2020 |
+--------------------------------------+---------------------+
| Frederic Cornet (SA) | +27 (0) 11 447 3030 |
+--------------------------------------+---------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END
Posted at 01/10/2010 19:10 by humanoid
StockMarketWire.com - International information and communications technology group Datatec has made a conditional offer to acquire 100% of Comztek Holdings (Pty) Ltd for R97m.

The consideration will be settled partly by cash and partly by the issue of Datatec and/or subsidiary shares.

Comztek is a South African-based distributor of networking, security and other hardware and software products that are highly complementary to the activities of the Westcon Distribution business of Datatec in South Africa.

Datatec says Comztek also has operations in the rest of Africa that, when combined with Westcon's pan-African footprint, could lead to the creation of a strategically significant player across many African markets.

Datatec says management and all shareholders except for Mustek Limited have indicated their support for the transaction.

Mustek holds 41.84% of the share capital of Comztek.

Datatec has extended the acceptance date for the offer to 30 September.
Posted at 14/1/2010 18:12 by dalstal
decent statement here and price reaction due to it. thought i would post on this thread because if nothing else - that is a decent pic of kylie.
Posted at 24/8/2007 07:45 by alan@bj
"The Times" 26/08/07 - Rumour of the day

Datatec, the AIM-listed distributor and reseller of IT and telecoms equipment, up 4½p at 302p, is to report interims in October. Its US rival, Tech Data, has just revealed surprisingly strong growth in sales thanks to its business in North America, an area in which Datatec has a strong presence. Dresdner Kleinwort has a price target of 328p.
Posted at 18/5/2007 03:42 by vanhalen
Bloody hell ..... what are you lot doing here ???

This thread was nice and quiet .... now clear off !!!

Oh i see ............. Datatec ......... i think you guys need to start another thread as this was set up years ago when DTC was the epic for Digital Classics.
Posted at 10/5/2007 15:59 by alan@bj
kingfast - Bought in 6 months ago, and up 36.72% now. Volume's usually low so the price can bounce around a bit, but the trend is good. Buying decision clinched by vanhalen's great pics.
Posted at 17/10/2006 19:18 by vanhalen
Johndee ......... yes the DTC ticker is now Datatec. However, all the ADVFN DTC threads including this one refer to Digital Classics as no one appears to have started a DTC thread exclusively for Datatec.

Hope this helps
Posted at 13/1/2006 22:41 by investorjon
POKER: It was delayed because of a lack of sponsors and players. Just hope it doesn't cost DTC too much. It wasn't profit though it was turnover, and where DTC would never have owned it. What will be interesting is to see if there are any Board changes soon, as I do think that if you have an accident prone CEO (and not just the poker, which after all is his 'baby' ownership and all) that underperforms then sooner or later you have a different CEO. Mind you I don't think I can be accused of not making warnings about it and the manner of its being. I just hope that DTC don't cough up as sponsors just to get it going! I'd rather see it as a wake up call to encourage CH if he is allowed to stay to concentrate on DTC proper, but even his production skills are not quite as crucial now, with Box TV, but we've been there before, so when I seem unworried by the poker situation its because I never believed it would deliver and didn't like the way it was set up to deliver in the first place. It's no secret that I feel that DTC would be better without CH and especially so now and not many people could see the decline of a company over a five year period and still stay in the job, still get paid, and it's only the last few months with DE's influence that things are picking up. The difference is that at one time if CH had left, the share price would have plummmeted, with a void to be filled, whereas now I think the share price would rise and BoxTV proves there is talent for the production. I've exhausted my comments on that one and I'm not going to be distracted by the really good stuff happening at DTC which I believe will make the poker problem pale into insignificance, but where delays must have cost DTC, but perhaps a valuable lesson.

What's the score with Wind in the Willows, do we actually get the money for that one, as I know people have commented that perhaps DTC don't get payments for the Sweeney Todd program, but looking at the contractual situation with people like the Beeb there must be something in it for DTC, and in any event with productions like 'Sweeney Todd' it does with respect leave some of the other ongoing productions in its wake and will, I am certain lead to even more prestigious programs and awards and PROFITS.

Think it does show the value of the acquisitions in a better light now with regards to what we paid, but where their true worth is greater than the sums paid for what looked like expensive purchases in isolation.

Looking at the AIM market, I think michael is right though. A lot of the AIM market is too expensive for the hope value that exists in the share price I can't say that of DTC. After the acquisitions I have never felt as confident as I do now that the shares are undervalued, and could really be the best investment out there. I rate them as a very strong buy.

Take a look at the market, there are AIM shares where prices don't reflect value, but I think DTC is bumping around on the bottom, but based on the premise of yesterday's DTC and it isn't it's a radically different and better company that with the proper hand on the rudder will produce stunning performance and where there is the definite sign of another's influence at the helm. We might see exploration stocks strik oil becoming 10x bagger's, but it would never surprise me now for DTC to be in the same league.
Posted at 08/12/2005 10:01 by investorjon
I'm expecting good things of Iain Thompson too. Just ONE successful show could bring DTC to life, but I'm sorry but I'm still not sure of CH's commitment to DTC rather than to his own pocket, and David's intrigue has added further to that concern.

DTC the company could and should be really successful, but it has to have a CEO committed to it, committed to using any ideas for the benefit of DTC, rather than through what has been the modus operandi further called into question by David's comments which if I'm interpreting correctly (and I may not be) suggest CH personally wanted a cut out of the MJ doc, which I find extraordinary but which I have seen nothing to confirm that, but I can't believe David would infer that without some sort of knowledge.

I'm afraid it's getting all too muddy for CH, we can't keep on giving the benefit of the doubt, and whilst I agree about the last RNS and the savings are great, but if the savings of £400,000 etc. are being made, and £700,000 for a placing for a DVD subsidiary when the whole caboodle is being handled by Vital, and all the other successful comments in the RNS, then why has the loss gone up by another £200,000.

Sadly it isn't savings that make a company, its profits, and DTC are actually further away, irrespective of the good news.

Again we see in the comments veiled murmurs that the assets of the company are worth a lot more than is stated....virtually suggesting that the books are not accurate which in City circles does not bode that well and is would, if true be outside of proper accounting rules where the accounts are supposed to be a true and accurate picture of a company's trading position.

I just don't subscribe to the constant spin spin spin, when the profits don't follow that spin time and time again. It's always been jam tomorrow, but what do we get tomorrow....further good statements, but greater losses.

DTC should be THE company, it should be making wads of cash, it should have Board members and a CEO totally comitted to pushing DTC and its wholly owned subsidiaries, save in the knowledge that the best pay off will be by raising the profile of the company, by making profits, where large shareholders and small shareholders alike stand to make much more by the profitability of DTC than by going off on private money making excursions, but still using DTC as a vehicle for the paycheck.

Any shareholders with the sort of holding CH has, in the position that CH has, would gain so much more by the increase in DTC's share price and possible subsequent dividends, so these apparent attempts to earn a bit on the side (on several occasions) seem pointless and send out the wrong message.

I'd certainly like qualification about the comments on the MJ doc, although I am still considering giving the DTC shares away and I'd be happy for details of worthy charities. So far my favoured one is the Rocking Horse Appeal.
Datatec share price data is direct from the London Stock Exchange

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