Dicom Share Discussion Threads

[wjccghcc] 24/8/2004 15:59

Well I'm topping up. Think the own product EDC performance will continue to be v.good (although masked by weak $). SGA may be suffering but that's less than 15% of profits now. Imagine the price if this were a US company - the global leader in EDC valued at 13x next year's earnings - I doubt it!!

[jeffian] 24/8/2004 11:09

Is the current pattern a repeat of what happened in March (a dive followed by an equally swift recovery), general malaise among software stocks, or worries about the results due next Tuesday. Buying opportunity or warning? Ah, decisions, decisions! (Any help?!)

Regards, Ian

[surfcontrol] 14/8/2004 10:49

Takeover bid for Surfcontrol (SRF) imminent...

Current Surfcontrol price : 520p (market cap. £160m / $295m)

Prospective Takeover Bid : 730p (Cash bid of £225m / $415m)

Bid Premium : 210p (+ 40%)

Bid Timing : Before Surfcontrol Q4 results on 7th September

Bidder : Advised by Deutsche Bank / Goldman Sachs

[davewheelershed] 13/8/2004 10:37

because of the massive volumes traded over the last 2 days?

[quantumx] 13/8/2004 10:28

Why is DCM heading south at a such a rapid rate?

[little beaker] 13/8/2004 09:08

heh, must be true then.

Still, this is getting close to buy-back levels now. I'm going to wait for results as I believe risks are to the downside, however.

[welsheagle] 12/8/2004 20:25

According to Digital.com there is a forecast of 71.92p eps for 2006.

[welsheagle] 09/8/2004 21:45

Never deal in anything less than £10 million, Schober.

[schober] 09/8/2004 20:43

we - you're not the person who bought 13090 shares today by any chance?

[welsheagle] 09/8/2004 19:44

Schober,
Forecast eps for 2004 is 43.3p, increasing to 50.6p in 2005, so prospective PE ratio in 2005 is now around 14.
This is cheap for a reliably growing company with a bit of cash in the bank.

[schober] 08/8/2004 22:47

so does that mean the eps for 2004 is 50.7p? if so header needs changing

[welsheagle] 07/8/2004 20:55

From August's 'Company Refs', when price was 770p:-
a/ Prospective PE ratio of 15.2 (based on six broker forecasts, four of which recommend 'buy', and one recommending 'overweight'.
b/ Prospective PEG ratio of 0.9.
c/ Forecast growth in eps of 16.9%.
d/ Net cash per share of 15.5p per share (gearing -3.05%).
e/ Cash flow per share of 56.2p.
f/ Turnover up from £87.9m to £156.0m in last five years.


Overall these compare favourably with the rest of the market.

[explorer88] 07/8/2004 12:40

Check out OMG (www.omg3d.com / www.vicon.com)

With world class products, new markets opening up and cash available for further acquisitions, we expect OMG's turnover to increase dramatically in the next twelve months. Our fair value price targets for OMG are:

July 2005 : 52p (market cap. £28 million) + 116% on current level
July 2006 : 91p (market cap. £49 million) + 279% on current level

Current Price : 24p (market cap. £13 million)

Siggraph event starting Monday 9th August will generate significant sales for new MX system

[gd150772] 02/8/2004 08:28

Just glancing at DCM's website and Final results appear to be out on Tues 31/08...Not long to go before The T20 brigade show up then!

Personally I dont think 15 X potential earnings is too expensive for a quality company like Dicom.....We shall see.

GD

[johnroger] 01/8/2004 19:50

Techinvest positive in August issue and recommend holding

[greatbear] 01/8/2004 19:04

I'm with you Rivaldo. I also pulled out recently, but mainly because I felt they were becoming over priced compared to the forcasts/PE ratio.

I (and I guess you) could be sorry, as I believe this stock will grow and grow over time, but re market concerns, and my perception of current over valuation I decided to bank my profit.

I do hope (and expect) to be back in on this one again.

GB

[rivaldo] 31/7/2004 17:10

There is some overlap WJ, but my main concerns were the market as a whole during the summer lull and before DCM's results announcement, and also the theme of a number of announcement by software companies of a fall in or delays in orders in their 2004 second quarter.

Put it this way, I can see DCM falling during August, but can't see them rising (cue a mega announcement this week...)

[wjccghcc] 30/7/2004 15:58

Not sure there's much overlap between DCM and Veritas/Autonomy.

[rivaldo] 30/7/2004 15:03

I have to admit to selling DCM. I saw the price start to fall a bit and decided that in these markets DCM felt a little vulnerable, so have reinvested in others with better short term prospects (particularly NRG, HDT, SPD and CEL).

This is a quality stock, and I may well be back shortly if other selections pay off, but my decent profit here was at risk (see Veritas profit warning in the USA and Autonomy's recent statements).

[gerdmuller] 23/7/2004 09:05

DCM has just not been able to break that 785p level. It has held up well in recent weeks in what has been a poor market for many tech stocks.

A break above that level would take it to its highest since 2000.

The company still seems to have quite a low profile perhaps a strong break above that 785p level might wake up a few other institutions as to the long term potential and excellent track record of this one.

The trend is your friend and this one is looking good.

[rivaldo] 23/7/2004 09:03

Around 70,000 shares reported as bought after the close yesterday, and more (small) buying today - no wonder the price is breaking out. Must be at or near the chart high now....

[rivaldo] 21/7/2004 17:54

Worth noting only 2 trades today, both nice buys, but only around £80k in total, yet enough to move the price forward. Perhaps Fidelity have sucked all loose stock out of the market.

The imterims could be interesting - the dollar strengthened to around its best for ages at 30th June from memory, and ever since it's weakened, so the closing translation rate should be about as advantageous for DCM as it's been recently.

[rivaldo] 21/7/2004 12:52

Fidelity still buying? Still nice and stable, selling being absorbed and the MM's being forced to move up slowly it seems.

[rivaldo] 19/7/2004 12:40

Fidelity have bought another 0.72% of DCM, or around another 150,000 shares (around £1.2m worth!). Excellent!



"DICOM Group plc announces that it was notified by a letter dated 16 July 2004
that FMR Corp. and its direct and indirect subsidiaries, and Fidelity
International Limited (FIL) and its direct and indirect subsidiaries, both being non-beneficial holders, had a notifiable interest in the ordinary shares of DICOM Group plc of 1,501,949 shares. This represents 7.11 per cent of the
current issued ordinary share capital of DICOM Group plc."