Dicom Share Discussion Threads

[hylas] 04/4/2005 00:22

He sold out and that's all that matters to me.

[wjccghcc] 03/4/2005 21:45

What selling? Only director to have sold is the non-exec chairman who's retiring at the end of the year and has been winding down his stake gradually over the last two years.

[dr know] 03/4/2005 13:25

From today's Market Miscellany share tipping column in the Sunday Telegraph

"Take a look at Dicom Group, the specialist soft-ware company. Its shares have risen from just over 300p in February 2003 to 950p on Friday. In February the company impressed the market and beat analysts' expectations by £1m when it posted an interim pre-tax profit of £7.76m, up by 16 per cent, on turnover of £86.9m.

According to Bridgewell, the house broker, Dicom is trading on a price/earnings ratio for 2005 of 15.5 times, a 40 per cent discount to international peers and a small discount to the UK sector average. Its revenues look resilient and are continuing to grow, making it an attractive buy, despite the steep rise in its share price so far."

[hylas] 03/4/2005 10:42

mdrans1
Chart looks as though she has gone too far too quick to me.
Looks as though she has got some big correcting back to do to get some more longs on board.

I didn't like the CEO's selling.

I'll have another look when the divi is tempting.

[tonsil] 31/3/2005 19:16

strikes me Kofax generates all the bunce and the other acquisitions are all about keeping the gravy train going when the scanning boom dries up and everything is electronic

[mdrans1] 31/3/2005 18:59

Thursday March 31, 02:30 PM
Kofax Selected as Finalist for AeA Orange County High-Tech Awards 2005; Named as Innovative Product/Technology Award Finalist in the Storage and Data

[hylas] 31/3/2005 13:58

mdrans1
Thanks for that.
Wish they'd concentrate their efforts on scanning.
Can see all kinds of future uses for it.

Monty
Can see your point - you never know, it might get discounted back a bit but the market seems to have thrown all caution to the wind at the moment.

SBT,NLR, etc, etc, - only just come to market with no track record and they're rated up as if they are tried and tested !

[mdrans1] 31/3/2005 13:45

Monty

From your post 499 I take it you didn't like dicom after it passed 600 p at the end of August 03 and went up another 66% (41% p.a.) to today's price.

Dicom stops for a rest now and again but the rolling PEG1 of 0.78 suggests there is more to come.

Note:
PEG is the P/E divided by the projected growth of a company. A low PEG indicates that the shares are relatively cheap in view of the company's expected growth.

Rolling PEG1 is a figure that includes some of the historic (last analysed) results, and some of the forecast for the following year. At the start of the financial year it is made up entirely of the historic figure; as the year progresses it includes more of the forecast figure. It 'rolls' between Historic and Projected.

[monty burns] 31/3/2005 13:34

Back in 2003 - liked it for the non-debt balance sheet, low pe ratio (back then at 400 odd), consistent earnings through the tech crash, etc etc.

Was very cautious in selling, but back then it was best to be safe. Just think it's on too high an earnings multiple now. But then there are others in the sector far more highly rates, so best of luck with it.

[mdrans1] 31/3/2005 13:11

Hylas

The answer to your question at 497 :-

"Dicom Group PLC
31 August 2004


TOPCALL, founded in 1978, is based in Vienna, Austria. It provides solutions for
managing both inbound and outbound communication, allowing customers to
streamline business processes and leverage their existing IT infrastructure
investment (such as CRM, ERP and PBX systems). By combining TOPCALL's Unified
Communication solutions with DICOM Group's Information Capture technology,
customers will experience a truly integrated solution that automates their
business processes and allows them to intelligently collect, transform, and
deliver accurate business-critical information to the right people, applications
and devices."

[hylas] 31/3/2005 12:45

Monty
Thanks for the reply at least !

Out of interest, when to you buy in ?

[monty burns] 31/3/2005 12:39

Not at these prices, no. Liked it very much between 400 and 600 (when I sold, so wdik...).

Enjoy :-)

[hylas] 31/3/2005 12:32

Is there nobody there ?

[hylas] 30/3/2005 12:33

I don't really understand the business fit of the Topcall purchase - could any of you versed people help me with an explanation ?

[hylas] 29/3/2005 12:41

Adobe in the States is on a PE of 35 at the moment !

[jangaman] 22/3/2005 00:04

looks good value to me.

[welsheagle] 05/3/2005 21:30

From February's 'Company Refs', when price was 889p:-
a/ Prospective PE ratio of 15.7 (based on five broker forecasts, three of which recommend 'buy', and two recommend 'strong buy'.
b/ Prospective PEG ratio of 0.86.
c/ Forecast growth in eps of 18.4%.
d/ Net cash per share of 102p per share (gearing -29.3%).
e/ Cash flow per share of 72.4p.
f/ Turnover up from £99.2m to £156.0m in last five years.

[mdrans1] 25/2/2005 08:53

Press Release

DICOM Group plc:
Information Capture Technology Increases Efficiency and Speed of Local
Government Voting Processes in New Zealand

Ascent Capture Dramatically Improves Efficiency of Vote Counting and
Election Reporting for Local Government Councils

Basingstoke, 25 February 2005 - DICOM Group plc ("DICOM Group"), the
global leader in the Information Capture market, today announced the
successful results of an installation of Kofax (DICOM Group's wholly-owned
US subsidiary) Ascent Capture technology to perform vote capture and
reporting for local government elections in New Zealand. Independent
Election Services (IESL), an Auckland, New Zealand-based private company
under contract to 13 local government councils, implemented Kofax's
enterprise-scale information capture platform to improve the speed and
efficiency of a new automated vote-counting system enacted to process and
tally votes for one-third of New Zealand's national voting population.

Prior to the new Kofax-enabled system, IESL relied on a legacy vote
tallying system that required voting officials to manually scan barcodes
placed next to candidate names on ballots. The complexity of the
information on the ballots, along with the physical differences in the
size and dimensions of the various types of ballots used throughout New
Zealand, made processing votes a tedious, time-consuming task. Ascent
Capture significantly reduced the amount of time IESL staff spend tallying
votes and enabled election results to be available in a matter of hours.

"With the attention that voting processes were given in the prior two
national elections in the U.S., there is an obvious need to augment
current processes with new technology such as information capture to
reduce human error and greatly speed the posting of election results,"
said Giulio Battistini, Managing Director, DICOM Asia Business Unit. "With
Ascent Capture, government entities and their service providers, like the
local government councils in New Zealand and IESL, can accurately capture
election data, process high-volumes of ballots and deliver final election
results faster than ever."

To implement the custom vote- capture system, IESL contacted Moore
Gallagher, a local print and database management company, and Infinity
Solutions, a Kofax Certified Solutions Provider (CSP) and one of New
Zealand's largest systems integration firms. Moore Gallagher and Infinity
Solutions chose to incorporate the Ascent Capture platform as part of the
overall information capture system due to its capacity to seamlessly
integrate with the existing IESL hardware infrastructure and Moore
Gallagher's proprietary vote counting software ? Votext. In addition, the
integration of the Ascent Capture platform helped meet the demands of the
local councils for fast and accurate election results.

According to Mark Broome, account manager at Infinity Solutions, another
critical element to the overall information capture solution was the
integration of several Kodak i820 scanners. The scanners provided an
"endorser" feature that, in tandem with the Ascent Capture platform,
printed a number on each paper document as it was scanned to facilitate
matching the physical hard copies of documents with their corresponding
digital images.

"The Ascent Capture platform, along with the Kodak i820 scanners, enabled
us to create a versatile, fully auditable information capture system that
meets the legal requirements for processing vote counts twice, comparing
counts, and reconciling any differences that may have occurred," said
Broome. "In addition, Ascent Capture's intuitive interface helped IESL
staff maintain unprecedented accuracy of captured data, which
significantly improved IESL's elections reporting processes."

"In 2004, IESL was responsible for processing over 400,000 voting
documents during a three week voting period. Because of these high
numbers, we implemented full page, high volume scanning, used in
conjunction with Kofax's Ascent Capture software and new (Votext) election
software," said Dale Ofsoske, owner of IESL. "It was important that any
new processing platform used did not compromise our reputation for high
standards of integrity, accuracy and efficiency in conducting elections.
Rigorous testing, along with a commitment by providers to the project has
resulted in a very successful outcome of providing timely and accurate
election results."

As a result of the new information capture system, IESL was able to
process approximately 400,000 ballot documents in one election and deliver
progress results just one hour after polls closed, and preliminary
election results before the end of the voting day. Due to the enormous
success of the new system, many other voting communities in New Zealand
are considering adopting an information capture solution.

[mdrans1] 23/2/2005 09:14

Press Release

DICOM Group plc:
US Subsidiary Kofax Named to KMWorld's Annual List of "100 Companies that
Matter in Knowledge Management" for 2005

Basingstoke, 23 February 2005 - DICOM Group plc ("DICOM Group"), the
global leader in the Information Capture market, today announced that its
wholly owned US subsidiary Kofax was named for the second consecutive year
by KMWorld to its prestigious annual "100 Companies that Matter in
Knowledge Management" list for 2005. Recognising the top companies and
technologies in content, document and knowledge management that provide
true business solutions, the list was compiled through the publication's
discussions with knowledge management (KM) practitioners, theorists,
vendors, customers, analysts and editors.

According to Hugh McKellar, Editor-in-Chief of KMWorld, the "100 Companies
that Matter in Knowledge Management" list was created to acknowledge those
companies that enable organisations to accurately assess their information
assets, then maximize their use and reuse in every conceivable manner that
promotes sound business.

"The list was conceived as a way to identify some of the organisations
leading the way in the knowledge economy," said McKellar. "The list is
certainly not intended to be the final word on the member companies'
contributions. Instead, it is designed to encourage a broader discussion
of knowledge management and the leading players in the market. Criteria
for inclusion varies, but each company has helped to create a market,
redefine one or enhance one. In addition, every company on the list shares
one thing in common: velocity of innovation."

"Our organisation is proud to be recognised by KMWorld as one of the
market leaders that is driving innovation and growth in the industry,"
said Arnold von Büren, Chief Executive Officer, DICOM Group. "Recent
product installations with several high- profile, large companies
illustrate how our products reduces the complexity and cost of information
capture, and further enables our customers and partners to streamline
their business processes and maximize productivity."

[welsheagle] 12/2/2005 21:01

Mentioned in the Daily Mail's 'Broker buys' section today - applauds the acquisition of Topcall.

[quantumx] 09/2/2005 13:23

A share split might also help this baby as it is back to expensive levels again.

[v11slr] 09/2/2005 11:02

I posted this on the autonomy thread but thought it was worth repeating here.

One of the reasons I'm increasing my investment in Autonomy and Dicom.

U.S. Economic Growth Outlook Is Improving, Boosted by Corporate Spending
The outlook for the U.S. economy this quarter improved on signs of faster income growth and more corporate investment in equipment, according to results from a monthly survey by Bloomberg News.



Andy M

[jeffian] 09/2/2005 09:00

...and this from 'Tempus' in the Times Business section:

"Dicom

THE internet provides computer users with ready and speedy access to information and data that might otherwise take days, if not weeks, to track down. Arnold von Buren, chief executive of Dicom Group, contends that the internet is spoiling us. We have become too accustomed to having instant access to information.

But while information is everywhere, it is much less easy to use the data. Handily, Dicom's "information capture" software is designed to transfer information held in non-standard formats into an electronic format that can easily be put into a database and then searched.

With the introduction of Sarbanes-Oxley legislation, companies face greater pressure to keep accurate records. And with similar legislation set to affect non-US companies, Dicom is well placed to serve markets on both sides of the Atlantic. The company is also benefiting from government moves to drive efficiency gains.

The doubling of pre-tax profits after exceptionals to £5.9 million shows the strength of demand for Dicom products although the absence of losses incurred on the disposal of a business in the comparable period flatters the result. Dicom's operating costs also rose faster than sales in the half, a fact which should give investors pause for thought. But with net cash of £4.2 million the company is financially robust. Although the dividend yield is low, the decision to increase the payment by 15 per cent at the interim stage is a sure expression of confidence. Shares, on price-earnings ratio of 16 times, also trade at a discount to peers. Buy."

[wjccghcc] 08/2/2005 12:23

They had a good run up to the results. DCM usually behaves like this. Good company, good management, good prospects. Eventually they'll get bought out by a US company but not for a while IMHO.