Datatec Investors - DTC

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Stock Name Stock Symbol Market Stock Type
Datatec DTC London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 310.00 01:00:00
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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.
alan@bj: Just received by email:- Datatec Limited, the international information & communications technology (ICT) group, will announce its year-end (28 February 2007) revenue update statement on Wednesday 14 March at 9am (SA time) on SENS and RNS. As part of routine investor communications, London-listed companies publish full year and half year revenue statements. Jens Montanana, Chief Executive, and David Pfaff, Finance Director, will be holding a brief international conference call at 10.15am (SA time) to review the statement and will participate in a Q&A. If you would like to dial in and participate please contact Wilna de Villiers, Investor Relations Manager, Tel: +27 11 233 1013 or – dial in details will be sent to you.
kenway: Digital Classics PLC - Trading Update and Result of EGM •Website •Fundamentals •Share Price For immediate release: 21 February 2006 Digital Classics Plc ("Digital Classics" or the "Company") Trading Update, Result of EGM & Appointment of Directors Digital Classics is pleased to announce that, at the EGM of the Company held this morning, all the proposed resolutions were passed, including the resolutions that will permit the completion of the acquisition of Done and Dusted Group Limited ("Done and Dusted"), believed to be the UK and Europe's leading independent producer of pop and rock music event programming for TV and DVD. In his address to shareholders, Chief Executive of Digital Classics, Chris Hunt , made the following comments, "The acquisition of Done and Dusted follows two similarly high profile acquisitions at the end of last year, being the purchase of NBD Television, the pop music programme distributor and BOX TV, the major drama production house. The coming together today of these three companies with our existing operations stands the enlarged group as Europe's pre-eminent independent producer and distributor of arts, musical and dramatic television programming. I am delighted to note that the trading performance of both NBD Television and Box TV since their acquisition in December has been ahead of our expectations. NBD Television has benefited from new video-on-demand deals in the Far East and the first territory sale of a high profile American television series for $500,000. Meanwhile, Box TV, following the success of its BBC New Year production of Sweeney Todd, starring Ray Winstone, is in negotiations to produce an ITV `Mini-Series' which may be valued at over £2 million as well as a major BBC drama event - both projects are anticipated to be produced this calendar year, and are over and above the previously projected 2006 slate. The benefits of synergy between the subsidiaries are already being felt: Digital Classics Distribution and NBD Television are currently exploring a number of cross-selling opportunities of each others' programmes to complement deals that are being worked on at present and Digital Classics Distribution also anticipates being able to distribute the new Box TV product. On the production side, both Box TV and Iambic Productions are co-developing a number of projects. It is envisaged that the enlarged group, particularly in the distribution area, will realise attractive cost savings resulting from the integration of the acquired businesses." Simon Pizey, Managing Director of Done and Dusted, said, "I view the acquisition of our business by Digital Classics as the coming together of forces to build a much more substantial TV production and distribution powerhouse. Whilst a great deal of time and effort has been spent building D&D into the business it is today, to us this marks only the beginning of the next phase in our growth." Co-founder of Done and Dusted, Hamish Hamilton, added, "I look forward to working alongside the highly talented individuals at the enlarged Digital Classics group and to generating significant value on a worldwide scale." Notice of Results The Company looks forward to publishing its interim results for the six months to 31 December 2005 on Monday 20 March 2006. Admission of Enlarged Share Capital and Change of Name Application has been made for the enlarged issued ordinary share capital of 2,963,315,714 shares, comprising the 1,313,096,484 existing shares, the 721,875,000 consideration shares to be issued pursuant to the acquisition and the 928,344,230 new shares to be issued pursuant to the placing, to be admitted to AIM. Admission is expected to become effective at 08h00 on 23 February 2006. These shares will rank pari passu with the existing ordinary shares of the Company. Following Admission, the number of Ordinary Shares in issue will total 2,963,315,714 Ordinary Shares. Although the resolution permitting the change of name was passed, this is not indicative that this will be actioned immediately. A further announcement will be made in due course. Subscription for and issue of Loan Notes Further to the £4,000,000 in Loan Notes subscribed for and issued following the acquisition of NBD Television and Box TV, the Company can confirm that a further £2,500,000 were subscribed for and issued to satisfy the balance of the cash consideration under the Acquisition Agreement. The Loan Notes are convertible into Ordinary Shares at a rate of 0.78p for each Ordinary Share, subject to adjustment, at the option of the Investors, being Highbridge Capital LLC, Omicron Master Trust, Cranshire Capital L.P. and Iroquois Capital L.P. Appointment of Directors Following today's EGM, the Board is pleased to appoint Nicola Davies Williams, Director of NBD Television and Justin Thomson-Glover, Director of Box TV as Executive Directors of Digital Classics Plc with immediate effect. Simon Pizey, Director of Done and Dusted, will also be joining the board of Digital Classics in due course. Save for the declarations below, and the issue to Justin Thomson-Glover and Nicola Davies Williams of options over 2,500,000 and 3,750,000 ordinary shares at 0.8p per share respectively upon Admission, there are no updated disclosures to be made in respect of the appointment of Justin Thomson-Glover and Nicola Davies Williams under rule 17 and under Schedule 2 paragraph (g) of the AIM rules.
michaelmouse: bonof - the answer is no. If all shareholders were included it would be described as a placing and open offer. This is not the case. Interestingly, I am sure we have all observed that recent positive newsflow has caused the share price to rise only to fall back later. I recently read that the end of bear phase is characterised by this very behaviour. It would seem to make sense since most investors are slow to react to the change in a company's circumstances, others take the opportunity to exit on any small rise and most await a clear signal for the return to an upward trend. Of course we shall see over the forthcoming months. Personally I just believe that since IJ and I suddenly see eye to eye something must happen one way or the other. Thanks for the website Inkitin.
gtr: Something is always going on behind the scenes, but I never actully matters....cause everyone make money from it but is retail investors!
michaelmouse: Some information that investors and prospective investors in DTC may be interested to know:- Forecast profits June '05 £470000 June '06 £880000 The June '06 figure estimates EPS at 0.1p giving DTC a forward P/E of 7. We now know that June '05 figures will come in below forecasts. Most importantly however, the June '06 figures will come in substantially above the projected figures. Thus giving a forward P/E less than 7. Combined with DTC's asset backing and scope for substantial growth this makes the company (SP 0.7p) cheap by any standards. As an aside, those posters who constantly carp at CH's ability to run this company should note that in 1999 turnover amounted to £300,000 and has sharply risen to £2.15m year end 2004. Not too bad IMO. Sometimes investors expectations for smaller companies are unrealistic. Patient investors may be rewarded in the not too distant future. IJ - Apologies for another pathetic post
chinakett: Investorjon, I'm not doubting your view. It's your timing. I'm just saying use these BB's to maximise the current investors position with DTC. Your opinions are read and do influence new investors and will have negative impact on OUR money. We are part of a game that MM's play. They like people like you putting a stopper on what could be a volume driven rise. So play the game and you never know, you might be able to day trade DTC ! China.
investorjon: UNFAIR: I think my previous post was unfair overall, inasmuch as whatever the situation with content, at least David Elstein has acknowledged it, and at least the situation is clearer now, and is moving forward with a positive plan based on image creation and that will inevitably mean more content ownership. I don't know anyone that doesn't make mistakes (including me), and it is quite possible that the communications previously from DTC, whilst being less than accurate or vague, were not made in any deliberate attempt. So hopefully that part of the equation is behind us now, although I'm sure any future acquisition will require great document perusal. Alby is quite right to remind us and I suspect me in particular that the news is positive, even if it's just distribution, it's still better than not having the contract at all. Half a cake is still better than no cake at all, and if we have RM Associates Distribution we might as well build it up and utilise it, as the comments to the media indicate that more companies are considered for acquisition to bolster the distribution side. Michael: We may not agree, and you have your right to believe what you want to believe, but in any case things are looking up, so I'm moving forward and looking forward to David Elstein at the helm and CH pushing ahead with more production. Incidentally though when you've posted about DS and the £4.5m of unrecorded value, this referred to RM Associates Library...we bought RM Associates Distribution, not RM Associates (and we still don't know what content with it), but does demonstrate you were formerly rather interested in content rather than distribution. TOM: So you know how much content we own now? Some shareholders with a sizeable holding (some with more shares than you) haven't been told, and indeed were actively rebutted by DTC when asking the question in the last 7 days. If you do know the content owned, how about mentioning it for all shareholders, as it can't be confidential information if its given to one shareholder? It's seems weird that you posted agreeing you 'tended to agree with what I was saying' and that it didn't add up, if you have now received a reply but not allayed queries on content on this board, which would actually put an end to any queries on what we did or didn't own. Things are looking up, but I'd still like to see the profit before expansion, but I suspect under David Elstein, we will, as he is no amateur. I must end this with a posting that demonstrates that DTC have had to upgrade their communication, although still not specifying exactly what we do or do not own, although stating irrefutably that we own less than they previously communicated and they have had to revise OWNERSHIP situation after considering fully what was in RM Associated Distribution deal (the only acquisition in that period that took place, and where 3,000hours of OWNED content was based on that acquisition in that announcement) and for whatever reason have now revised content ownership figures DOWNWARDS, which I feel exonerates my comments completely: TODAYS ANNOUNCEMENT: "Digital Classics Distribution is the world's largest catalogue of classical music and arts related programming, with in excess of 3000 hours of content either owned or UNDER MANAGEMENT". Whereas Investors Chronicle Article as published and verified in DTC's own newsletter stated categorically (as shown below) "IT NOW OWNS 3,000 HOURS OF PROGRAMMING", rather different to today's announcement. and selecting janfeb05 shareholders newsletter. "EX-CHANNEL 5 BOSS JOINS DIGITAL CLASSICS" Fast-growing classical music-to-arts programme distributor Digital Classics has welcomed former Channel 5 chief David Elstein as its new chairman. The move is a significant coup for Digital, and follows a recent trading update that reassured investors of continued impressive progress. Last year, Digital acquired rival RM, and it now owns 3,000 hours of programming – or 60 per cent of the world's performing arts programmes market. It has also secured "preferred supplier" status to supply the BBC with educational content for the digital curriculum. IC VIEW The appointment of Mr Elstein is a good move for Digital, and should help open new doors." Investors Chronicle, 11/02/05
michaelmouse: I agree, it is disappointing that important news is delivered via other sources before it has been relayed to shareholders. Shareholders should be a priority and not an after thought. My comment about the new ABBA production, although flippant, was a genuine request for information. Is it the MAJOR NEW PRODUCTION? I can only assume so. I would be none the wiser were it not for Bonney's excellent find. This in turn brings me to two belated apologies. Firstly, good BBs do provide useful additional insights into a company. Secondly, investorjon - you were quite right to pursue the issue of ownership with the company. Indeed an open and organised plc should have no problem with communicating the information you have requested. However, to end on what I consider to be a very positive note. I took a little time today to glance through SPs for all AIM companies listed in the FT. I was quite aware that certainly most resource stocks had taken a bit of a battering of late (many with good reason). What is staggering are the total number of AIM stocks that are now trading at or close to their 2005 lows. Please take time to look for yourself. The reasons for this (gleaned from much press comment lately) are the May sell off and investors becoming increasingly more risk averse. In my opinion this is creating excellent buying opportunities as investors begin selling even the best prospects through a totally irrational fear! How does this concern DC? Well shares in DC are largely being sold or ignored by investors for all of the reasons cited above. Despite our minor irritations with the company it is certainly not in trouble and is arguably better placed than ever to produce rapid growth. If DC turns a real profit this year the share price will really take off. With David Elstein on board I hope his advice would be that an aquisition takes place following a profitable year and a rising share price If that happens I don't think too many of us will be complaining. P.S. even if you don't fancy DC much it appears to me that a number of excellent AIM prospects are over-sold, and if you don't believe me, have a good look at the Director buys in some of these minnows.
investorjon: Inkit. Not really my explanation, I merely cut and paste what is in the public domain. I still can't tell you definitely that RM Arts isn't a separate entity although those cuttings would tend to indicate RM Associates had them, although really that isn't the main point, so not too concerned on that. We know it is the right RM because bonny posted confirming Didier bought RM Associates off of the administrators, and there was no RM Associates Distribution at Companies House at the time, so it could not be an abbreviated form on their register. Here also is a bio of Reiner, clearly showing that Kirch group did not control RM Arts. RM which as you may have gathered actually stands for Reiner Moritz in all these companies. He worked for 10 years for Kirch group, but HE founded RM Arts, etc., with no indication it was ever controlled by Kirch Group, and what a gifted individual he seems to be with regards to content. Incidentally if you subscribe to Investors Chronicle, you may recall talk of the 2.5p asset value, but I believe that was based on information gven to IC from DTC that DTC OWNED 3,000 hours of programming. Indeed this was exacerbated in the newsletter to shareholders April 04, where it should be noted that even the company newsletter talked of the acquisition of RM Associates: "Digital Classics now has a vast collection of performing arts content – the bulk comprises classical music, opera and dance. The challenge has been increasing distribution, and the real scope to drive this came earlier this year when the group agreed to acquire RM Associates." REINER MORITZ (1936). He studied at Göttingen and Munich University and has a Doctorate in Literature. At the age of fifteen he started writing and broadcasting to cover Music and arts subject. For 10 years he worked for the KirchGroup and then founded RM Arts, RM Associates and Poorhouse International. He has produced documentaries on most of the interesting artists in the 20th Century, recorded the standard and contemporary operatic repertoire and was instrumental in putting together the TV production of highlights such as Life on Earts, Shock of the New, Magic of Dance, the Mahabharata and Peter stein's Faust. He also directed the well known masterwork series and documentaries on Böhm, Sawallisch, de Cirico, Mehta, Kubolik, Grimaud, Salminen, Rameau, hesse and others, published a Music Dictionary at Drömer's, Officier de l'ordre des Arts et des Lettres and is holder of Bundesverdienstkreuz." Finally from 2005 DTC announcements, where it indicates DTC NOW OWNS 3,000 HOURS OF PROGRAMMING, so Investors Chronicle were told it was OWNED. Perhaps it is, and then it's all OK, but we just can't seem to find out, although recently announcement only mentioned owning a proportion... "EX-CHANNEL 5 BOSS JOINS DIGITAL CLASSICS" Fast-growing classical music-to-arts programme distributor Digital Classics has welcomed former Channel 5 chief David Elstein as its new chairman. The move is a significant coup for Digital, and follows a recent trading update that reassured investors of continued impressive progress. Last year, Digital acquired rival RM, and it now owns 3,000 hours of programming – or 60 per cent of the world's performing arts programmes market. It has also secured "preferred supplier" status to supply the BBC with educational content for the digital curriculum. IC VIEW The appointment of Mr Elstein is a good move for Digital, and should help open new doors." Investors Chronicle, 11/02/05 If the above chapter is true, then there is no problem is there...the only problem as ever seems getting confirmation of what we own. Again, though I'm not posting unless requested information, as I would really like to move on. Let us not forget that it may not be too long before all this is answered anyway by DTC going into real profit and we may look back on this thinking why didn't we purchase when they were that cheap.
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