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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Delcam | LSE:DLC | London | Ordinary Share | GB0000530591 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 2,069.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2,069.00 | GBX |
Delcam (DLC) Share Charts1 Year Delcam Chart |
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1 Month Delcam Chart |
Intraday Delcam Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/1/2014 | 15:07 | Delcam - no clever haedline - just pure value | 322 |
| 23/8/2002 | 12:04 | standingby for the 3oth August | 8 |
| 03/4/2001 | 00:11 | test | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 07/11/2013 17:36 by cockneyrebel Never miss a chance to ramp your sh!te tara.PTO isn't in DLC's league. Sadly sold my DLC back when Ed Lambourn Tech Dir sold 570K in Sep. That was 60% of his holding! Bet that's hurting today ! :-) Tho 570K shares sold at £16 I dare say he has enough to get over it :-) Well done those still holding. CR |
Posted at 07/11/2013 15:51 by staverly Not happy with a 21% premium and a crystallised tax situation. It takes a lot of time and energy to find publicly traded business's as good as DLC. Bad day for any long term GARP investors. |
Posted at 07/11/2013 07:26 by tara7 Well done to all here.PTO Just like here has around 8M shares. PTO just like here is a software company PTO just like here will [I think] be taken out at around the same price. PTO are trading around the £6.00 mark today. |
Posted at 23/10/2013 22:26 by varies All over the shop : the market seems to be in 500 shares with a 7% spread.Even so this has been a wonderful share to hold these last 12 months. |
Posted at 22/10/2013 10:08 by 2breakout SETS totally distorting the price. How can a company be worth 7% more on a traded volume of 2000 shares? |
Posted at 10/7/2013 07:11 by m.t.glass 10 July 2013DELCAM PLC ("Delcam" or "the Company") CIMdata, Inc report names Delcam as 3(rd) largest CAM software vendor globally and the leading specialist CAM software vendor globally Delcam, the developer and supplier of software solutions for product development and manufacture, is pleased to announce that the annually published industry report on the global CAM marketplace, produced by independent global consultants CIMdata, Inc, has ranked the Company as the third largest CAM software vendor globally in 2012, making this the fifth consecutive year in which Delcam has held this position. The report also confirmed Delcam as the leading CAM specialist globally (i.e. its primary business is focused on the provision of CAM software and services), based on Delcam achieving the highest vendor revenues and the highest end-user payments of all CAM-centric companies. The Company has now held this leading position for 13 consecutive years. According to CIMdata's analysis, Delcam's share of the CAM marketplace in 2012 increased to 7.3% from 7% in 2011, positioning Delcam behind the 'Big Two' market leaders, whose combined market share totalled 32.3% (18.9% and 13.4% respectively). CIMdata expects Delcam to increase its market share in 2013, stating that of the top ten providers, it expects only three (including Delcam) to increase market share. CIMdata, which tracks approximately 60 CAM software vendors for its annual reports, estimated that the total value of CAM software and services purchased by end-users grew by 5.9% in 2012 to approx. $1.56 billion, a new high for the industry and it forecasts that end-user spend will increase by 7.9% in 2013 to approx. $1.68 billion. Delcam's Chief Executive, Clive Martell, commented, "It is good to see CIMdata, Inc's latest industry report confirm Delcam as the third largest CAM software vendor globally in 2012, a position Delcam has held for the last five years now. The report also confirms Delcam as the leading CAM software specialist globally, for the 13(th) year running. I believe that our strong focus on R&D and on creating the most effective solutions for the specific sectors we target is a major strength and will continue to underpin Delcam's ongoing development." Enquiries: Website: www.delcam.com |
Posted at 04/3/2013 15:23 by staverly Unquestionably RSW is DLC's best proxy for LSE read ax valuation. Whilst i realize relative valuations should be treated with care, but even with Delcam's impressive share price rise today (+110p) RSW is still EV valued ~ x13 higher vs DLC. IMO this comparison materially undervalues DLC (and FWIW i consider RSW underpriced!). A more reasonable basis of x10 EV in RSW favour would give DLC a share price of >£17; just a thought. DYOR |
Posted at 30/1/2013 23:46 by staverly quantumx: Fair play. It does seem rather aggressive for FY2014 earnings. I thought the News Bites article was worth regurgitating as it presented a balanced view. I don't have a clue how the 9.6 figure was reached. Though IMHO it has to be more on the money than some of the high double digit P/Es that abound. I noted tonight's ShareScope data with surprise as it reflects revised numbers for sales & earnings that appear wrong in the context of yesterdays announcement. To explore your reasoned point further, let's reverse engineer the income statement by assuming that operational gearing from past 18m persists at same level. Each additional £1 of sales then increases PTP by 30p. So then it would require FY2014 revenue of ~£63M (15% CAGR over next two years) to produce 128p ps PTP. We then have our P/E of 9.6. Reaching maybe, but not ridiculous if global economic conditions continue to improve. There is plenty to play for and DLC are well-equipped to exploit the situation globally. Looking further out, Delcam is poised nicely on the fringes of a potential game changer - 3D manufacturing. Their acquisition of a minority stake of Fattify in 2011 suggests intent to position the business to take advantage of the progressive move from subtractive to additive manufacturing. There's is a still a lot to like about this stock. It is hard for a value investor to buy in when a share price has moved so strongly. £24 a share only equates to an EV of £180m ...... that doesn't sound crackers to me. |
Posted at 29/1/2013 18:58 by staverly This appeared on News Bites newswire a short while ago (note the forward year P/E of 9.6 ...... is that expensive for a high quality growth stock?): Delcam PLC (DLC.L), the 15th largest software & programming company by market capitalisation in the United Kingdom, surged GBX95.0 (or 8.4%) to close at GBX1,232.50. Compared with the FTSE 100 Index, which rose 44.8 points (or 0.7%) on the day, this was a relative price change of 7.6%. The volume was 2.3 times the average trading of 3,731 shares. RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS Bullish Signals: Valuation - Price/Sales of 2.3 versus sector average of 2.4 and market average of 0.7. We estimate the shares are trading at a current year Price/Sales of 2 and a forward year Price/Sales of 1.7. - The company is cash rich with Cash to Market Capitalisation at 10.5% Performance - Return on Equity of 20.1% versus sector average of 8.3% and market average of 11.5%. - Year-on-Year Earnings growth of 25.8% versus sector average of -25.0% and market average of 15.0%. - Return on Assets of 10.1% versus sector average of 4.7% and market average of 1.4%. - Return on Capital Employed of 20.4% versus sector average of 11.0% and market average of 15.5%. - Interest cover defined by EBIT/I is 56.7 times. This indicates it is less leveraged. Bearish Signals: Valuation - Price/Earnings of 31.4 versus sector average of 23.5 and market average of 10.0. We estimate the shares are trading at a current year P/E of 17.3 and a forward year P/E of 9.6. - Dividend Yield of 0.2% (based on trailing 12 months dividends of GBX2.50) versus sector average of 2.1% and market average of 2.1%. - Tobin"s Q Ratio, defined as MCap divided by Total Assets, is 3.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom 10% of stocks by value of Q Ratio. DYOR |
Posted at 16/1/2013 00:09 by staverly Sleepy, Your nomenclature belies your impressive observational powers. And thank you for your comments. I decided to simplify things a little. The revised copy beneath is shorter but still in keeping with my original arguments albeit without the qualitative angle. To be fair, any self-respecting value investor should be able to see this as a stand out opportunity (why else would RSW own 20%). P/Es can be poor arbiters of value; let's hope so given that the FTSE SmallCap index currently trades on a price-earnings ratio of 37 (source: Economist 12th Jan 2013. All other data sourced from ShareScope). Delcam's current (FY2013) earnings estimate of 62.1 per share, using last Friday's closing price of 1155, gives a P/E of 19. My expectations for Delcam, as you know, are somewhat higher. Their "consensus" numbers being produced by only a single research analyst (no sponsored equivalent exists) greatly excites the possibility of persistent market pricing anomalies. Unsurprising then, that this steady little slow burner has estimates that, in the past few years, have had to be materially revised on a regular basis. Take FY2012 for example: this time last year (so barely one month into their last fiscal year as Dec year-end) 38.8p earnings were predicted. Less than eleven months later 38.8p had become 57.1p only the small matter of a 47% increase during 2012. You should note that FY2012 is not yet in red ink but figures are unlikely to be materially different when released in March as evidenced by recent trading update. FY2013 earnings target of 62.1p may not receive such a pronounced hike over the next eleven months, nevertheless it appears too modest. Now that their material R&D spend has been assuaged due to consistent organic top line growth, the consistently high margins (~70%) have created an operational gearing powerhouse . FY2013 estimates might well appear anomalous to a keen eyed investor. Ever since H2 2010, 30p out of each additional £1 turnover has dropped straight down to profits. However, FY2013 operational gearing appears to only produce 12p profit for each additional pound of revenue. That doesn't seem right. Of course the world is far from a certain place but unless some unexpected macroeconomic issue develops I expect there to be on-going improvements to these numbers throughout the year. I have pencilled in earnings of around 79p per share for the current year. That is the equivalent of the "consensus" only needing to be corrected by 29% this time. My seventy-nine pence calculation equates to a P/E of 14. Too low a valuation given the high quality of earnings, capital structure, the honest and competent management, a durable competitive advantage and not least the on-going stellar capital reinvestment rate of around 55% . So in relative and absolute valuation terms Delcam, imo, is still attractively priced despite the recent share price rise. As ever please undertake your own research. Apologies to all of you who don't use ShareScope, the same data maybe available for free at finance.yahoo or Digital Look. |
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