Logica Share Discussion Threads

[robwt] 07/8/2009 08:59

Yes, considering the climate Logica have delivered good half year results. They may drop off a bit today as some profit taking occurs, but I think they will soon run up to that 123p target.

They are getting a lot of new business and they have cut costs. I am hoping that they will be £2-00 plus by early next year.

[mike111d] 07/8/2009 08:51

Yes, all part of implementing the blended cost model which has been underway for some time now.

[selborne_edge] 07/8/2009 08:31

In view of the difficult market conditions the interim report is encouraging. Logica appears to be controlling costs an increasing margins.

[selborne_edge] 06/8/2009 21:29

robwt - The interim report tomorrow is awaited with great interest and hopefully it should cause a rise in the share price The sudden rise in the BT share price was a very pleasant surprise. I only sold 50% of my holding because costs are being reduced across the board and I think it has further to go

[a0502162] 06/8/2009 13:29

Rob.

New opportunities by the day...................... sounds like a different person,you seem to have changed your tune, for the better I have to say.

Can't be in everything at once, some times you don't get into all the gains but that doesn't mean you've missed out......if you understand what I mean.

Still feel uneasy about this rise in the market............as the "big boys" go on holiday next week and they will take their profit..............then it's back to normal...................all a bit of a con really.

[robwt] 06/8/2009 13:15

I am a long term holder but waded in at 76p last month. I did the same with BT at 97p also. It is a shame you were busy with other things and missed a 45% gain.

I do agree with you on one thing, if you are daytrading you can't afford to take your eyes off the screen. Still there are new opportunities by the day.

[a0502162] 06/8/2009 11:56

Sly.

Not sure I agree entirely but good for you any way.

Rob.I only let this latest rise in LOG go buy, I didn't with the others. Too busy with other things to be bothered this time.

Secondly, I didn't say I was going for good.............if you care to check back.

And lastly, I thought you were long term...............so you have finaly seen the light and sold............glad I could be of so much help to you.
If you need any further help or advice you only have to ask.

[slytherin] 06/8/2009 11:44

AO, there were lots of better opportunities back in March, there aren't so many about now! From here, I'll gladly take a 100% return each year for 3 years :o)

[robwt] 06/8/2009 11:07

A0, surprised to see you back on the board after you said you were going for good. Really am sorry you missed the Logica surge, whole raft of big gains missed. Still I guess it's only small change to you.

Selborne, I hope we get something positive tomorrow, like you I dumped a few and took the gain.

[a0502162] 06/8/2009 10:45

Sly.

£3 profit per share in Lloyds over the next three years!!

You could have made more if you had bought BARC in March for 60p!

[slytherin] 06/8/2009 10:18

I'm 72% up on Logica at the moment(makes up for some of my trouncings last year). The graph suggests it may eventually return back to say 150p, but the market cap does seem fully valued. At £1.8bn, on a P/E of 10, this matches the pre-tax analyst concensus of around £227m, and since 2004, average post-tax profit has been just £61m.

There's going to have to be a real step-change improvement in profitability to take it much higher based on fundamentals, and the concensus looks challenging based on past performance.

So dilemma time, do I take my profit, or hold out for another 30%. Tempted to switch to Lloyds, looks like scope there to return to £4 from £1 over the next 3 years.

Good luck to all.

[mike111d] 06/8/2009 08:42

Looks like the share price is heading back to 120p

[a0502162] 04/8/2009 17:14

wc.
How very true, you must be feeling flushed with success with that observation.

However, I have never understood why, if the sellers and buyers are matched then how is it on most days the two figures never quite balance?

Should have bought it back this morning but a profit is a profit and I don't like the look of the charts in this market at moment.

[wcjan26] 04/8/2009 16:20

A0502162

needs a buyer and seller to make a market

[mike111d] 03/8/2009 21:18

The share seems to suggest so. Not long to wait.

[selborne_edge] 03/8/2009 21:15

The interim results are due to be announced at 0930 on Friday. In view of the recent rise in the share price there is a chance that they could be encouraging !

[a0502162] 03/8/2009 15:13

Glad I sold segro.
Seems alot of volume going through log but looks like it has stalled at the moment.
Wait and see.
CNA could be a play shortly!!

[a0502162] 03/8/2009 13:21

Can't be doing with shorters.

[wcjan26] 03/8/2009 13:03

can't hold its gains now. looks like a quick short in order, tgt 85p

[selborne_edge] 02/8/2009 08:58

Thanks everybody; judging the way the market will move is particularly difficult at present. Even the Warren Buffets of this world seem to have very mixed opinions.

[miata] 01/8/2009 10:26

Software firm Logica remains in demand after better than expected results from European competitor CapGemini prompted broker Panmure Gordon to upgrade the stock from "hold" to "buy".

Logica upgraded to buy from underperform at BoA-Merrill Lynch, with target price rising to 118.2p from 73p.

Logica raised to overweight from underweight at Morgan Stanley, target 130p up from 70p.

[a0502162] 01/8/2009 07:27

Mike1
All the indicaters are high on just about every share, RSI and MA. To me it does point to a correction, as they say.

S-E
From those statistics things look a little grim for next week!
You do right with the high yields and those shares can quickly recover from any fall.

[robwt] 31/7/2009 21:59

Selborne, you are right history often repeats itself. I liken this market to the 70s bear market and that is why I am certain we are going to see more gains. IMHO IT and Telecoms are undervalued, Logica have broken 96p and if the results are good, we could get to the next hurdle of 123p.

Of course we could be in a double dip, but I don't think so. I am happy to see the share price at over 100p and I am hoping we are over the worst.

Having said that, who knows someone may be building a stake.

[selborne_edge] 31/7/2009 21:47

A sobering thought:

'post the initial crash of 1929-1930 the equity rally lasted 147 days and the market was up 46% from it's low before the apocalypse kicked everyone in the teeth and we went to the all time low! Now we're 145 days off the March 6th low this year and the market is up 46%'

[selborne_edge] 31/7/2009 21:37

AO5 - Ref 307 - As you know current interest rates on saving accounts are very low, so I have been buying shares where yields are of the order of 7%, eg Shell and BP. I am currently only a 'seller' as shares rise because I think that the market is due for a relapse in the near future. Hopefully that will provide some buying opportunities.