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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Detica Grp. | DCA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 441.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 441.50 | 441.50 |
| Top Posts |
|---|
Posted at 28/7/2008 08:13 by hew What a shame. A great operation extinguished - by a giant that will get just short term gains - reasons given above. Organisations like BAE and DCA are chalk and cheese. Even the statement effectively admits that BAE couldn't compete."The acquisition will assist BAE Systems to implement its strategy of progressing development of its security business in its home markets." Anyway, I'm looking very closely at another technical outfit that has many of the same characteristics as the place to invest my DCA gains. Dominant in its field, providing near essential services, financially successful and growing. But I could be wrong, so I'll keep that to myself. |
Posted at 24/7/2008 12:05 by hew If the press etc is to be believed, the BAe approach was at 425p. Given the fall from over 400p now to below 380p, there seems to be significant uncertainty whether a BAe deal will go through or whether there will be a counter-offer.As my post above, I think it will be a pity if BAe succeeds. Much of DCA's success is based on using only very good people, at high salaries compared with BAe, and Independence. Such characteristics do not survive inside large organisations. I believe that BAe's primary motive is to destroy a rising outfit that is now well positioned in the US (no profits yet, but lots of contacts and reputation) and is being "awkward" for them in the market. Likely to be asked to work on the client side, to give independent assessments etc. and able to bring higher "thought-power" to bear! The deal shouldn't be allowed, in the UK's national interest! BAe should have to face the competition and improve its game where necessary - use DCA where appropriate (as they may do anyway) - rather than take out one of our best and brightest! By the way I have nothing to do with BAe or DCA. (Though I spent my career in that world). But having sold DCA, I'm now watching and hoping to buy back on the initial heavy fall if the deal collapses. |
Posted at 15/2/2008 23:19 by markth Well there y'go, the market and all the PIs are much better informed about DCA now, yes? |
Posted at 13/2/2008 16:55 by hew Overcoming my hesitation to make a third sequential post here, and on a similar theme, I have come across an extract from the regular Irwin Steizer column in the Sun Times of I think about three weeks ago. In a general discussion on the US economy, he refers to a "huge increase in US defence spending".If so, it can hardly do DCA any harm. |
Posted at 12/2/2008 17:29 by hew Re my comments above, I think I can fairly claim to be not unduly surprised at the RNS today. Bits below. Total to DCA will now exceed £75m over 4 to 5 years.(Needless to say, I have only generally available knowledge!) ____________________ 12 February 2008 Trusted Borders signs addendum with UK Home Office for e-Borders project Trusted Borders, a consortium of companies led by Raytheon Systems Limited of the UK, and including Detica, has signed an addendum to the contract originally signed in November 2007 providing the Home Office with extended functionality and services in respect of the nation's e-Borders programme, an advanced border control and security programme. ............. Detica is responsible for the intelligence and analytics services in the e-Borders programme. The value of this contract addendum to Detica is approximately £25 million, the majority of which will be recognised over the first four to five years of the contract. |
Posted at 30/1/2008 09:06 by hew About time! Digital Look shows a pretty strong situation.Of 9 Brokers, 6 are saying Strong Buy, 1 Buy and 2 Neutral. No sellers. Forecast Growth to year end in March is 49%. Forward p/e is only 15.6 and thus a PEG of 0.3. Although its previous "star status" did lead to perhaps to an overly optimistic sp, in my view the fall on the worry about reduced financial business was overdone. Tom Black repeatedly stated that it represented only 15% of revenue and that only half of that was discretionary, but to no avail. Of course who knows where the US and other economies are heading, although the majority of DCA's business is Govt. one way or another, and given the current stimulus situation that is unlikely to be cut. Anyway I'm bullish on DCA. |
Posted at 02/12/2007 11:11 by simon gordon m.a. PartnersCost - 32.3m Employees - 130 03/06 T/O - 24.4m PBT - 1.5m As the Investment Banking business has hit a brick wall, it could well be 2 to 3 quarters until business picks up, that probably means 2008 is a wipe out. Employing all those expensive consultants could lead to a rapid descent into a loss for this division. DCA have said they will move employees to Government work but as most of the employees are based in the States and DFI is still trying to gain traction, the potential seems low. Redeploying staff from America to Britain would be very expensive. I presume DCA could parcel out some work from Britain to the States - but will this do? DCA will be loath to fire m.a. staff and their intellectual capital. It is a bit of a conundrum: fire and protect earnings (share price is supported) or keep employees and warn on profits (share price collapses). |
Posted at 01/12/2007 19:52 by simon gordon The DFI buy looks like it will start delivering after a shaky start - this is a huge market that DCA are tapping into and it bodes well for the future. NetReveal looks like a real winner and has the potential to be a product that can be sold globally - now in 1st trial in the States. The e-Borders contract shows the order size is getting bigger and bigger.The first problem that de-railed the share price - DFI - is now sound. The second - MA - is a big unknown and Bankers will probably start a major cull on costs, which may last six to eight months. Anticipating when the share price starts to look forward to 2009, is the key to getting the most bang for the buck. If the market cracks in the next two to three months, then DCA could go below £2.00 and maybe hit £1.50 in a panic. Net debt is c.25m and will fall by the Finals - so gearing is not a problem that undermines DCA. 03/08: PBT - 24.5m EPS - 14.6 03/09: PBT - 30.4m EPS - 17.9 If 2008 is a year of no upgrades and the focus is on hitting forecasts, what is a fair share price until we inch toward 2009 and a more buyoant Banking division? Rating for 2008, based on 03/09 EPS forecast of 17.9p: Q1 - 12x = £2.15 Q2 - 13x = £2.32 Q3 - 14x = £2.50 Q4 - 15x = £2.68 I suppose it could trade between that range in 2008. Sentiment could become so bad that buyers go on strike and PI's and some Fundies sell, and the DCA share price crumbles on low volume - thus giving a chance to pick up some stock cheaply (if you believe that the Banking crisis will not lead to a recession or even a depression). DCA is a very high quality company - not many on the LSE Small Cap index - that has strong growth drivers and once the Banking crisis is in the rear view mirror, a share price that could be heading to a fiver during Q2 or Q3 in 2009. If it can picked up for £2.00 a 150% return in under two years. The downside would be if the Banking crisis leads to a serious recession and Banks drastically cut spending, and Governments hit a a fiscal brick wall, freezing projects. Leaving DCA exposed and profits falling sharply. There are 8.9m shares being held short = 7.7% of the total number of shares in issue. Not a good sign if you are a holder. |
Posted at 01/12/2007 12:26 by simon gordon The DFI buy looks like it will start delivering after a shaky start - this is a huge market that DCA are tapping into and it bodes well for the future. NetReveal looks like a real winner and has the potential to be a product that can be sold globally - now in 1st trial in the States. The e-Borders contract shows the order size is getting bigger and bigger.The first problem that de-railed the share price - DFI - is now sound. The second - MA - is a big unknown and Bankers will probably start a major cull on costs, which may last six to eight months. Anticipating when the share price starts to look forward to 2009 is the key to getting the most bang for the buck. If the market cracks in the next two to three months, then DCA could go below £2.00 and maybe hit £1.50 in a panic. Net debt is c.25m and will fall by the Finals - so gearing is not a problem that undermines DCA. 03/08: PBT - 24.5m EPS - 14.6 03/09: PBT - 30.4m EPS - 17.9 If 2008 is a year of no upgrades and the focus is on hitting forecasts, what is a fair share price until we inch toward 2009 and a more buyoant Banking division? Rating for 2008, based on 03/09 EPS forecast of 17.9p: Q1 - 12x = £2.15 Q2 - 13x = £2.32 Q3 - 14x = £2.50 Q4 - 15x = £2.68 I suppose it could trade between that range in 2008. Sentiment could become so bad that buyers go on strike and PI's and some Fundies sell, and the DCA share price crumbles on low volume - thus giving a chance to pick up some stock cheaply (if you believe that the Banking crisis will not lead to a recession or even a depression). DCA is a very high quality company - not many on the LSE Small Cap index - that has strong growth drivers and once the Banking crisis is in the rear view mirror, a share price that could be heading to a fiver during Q2 or Q3 in 2009. If it can picked up for £2.00 a 150% return in under two years. The downside would be if the Banking crisis leads to a serious recession and Banks drastically cut spending and Governments hit a a fiscal brick wall and freeze projects. Leaving DCA exposed and profits falling sharply. I'll be back with more musings! |
Posted at 19/11/2007 10:37 by simon gordon It is a profit warning.Until new forecasts are made it is difficult to judge. Could DCA now be a takeover target? This is the second piece of bad news from DCA recently and maybe market participants no longer want to give DCA a growth rating. What rating do you give a business that is suffering constant headwinds? |
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