Softcat Share Discussion Threads

[ddubzy] 29/10/2024 10:08

Nice continued rise following those great results along with a 39p divi for those holding next week, lovely!

[ben750crow] 24/10/2024 08:33

Fantastic news, a great performing share.

[siggs44] 24/10/2024 07:17

Fantastic. Hopefully uptrend from here!

[siggs44] 24/10/2024 06:23

Great results and lovely dividend.

[ddubzy] 17/7/2024 11:45

Pretty amazing how a single broker can control a share. Assume they sold out before the downgrade and ready to buy again soon! Who says the markets not rigged!

[seanyboy] 06/7/2024 17:07

Don't know enough about this company even though pretty well invested - quite a speedy turnaround from Jeffries but could also represent an entry point given a little time for the dust to settle In the absence of any neg news from company or brokers I will add a few more

[sharw] 06/7/2024 10:37

The market seemed shocked by Jeffries - after all there are 13 other brokers covering. I think this was partly due to timing - just 5 weeks after Jeffries raised the TP from 1800 to 1950 and reiterated 'buy' following SCT's Q3 trading update. The other factor in the shock was the size of the drop - 1950 to 1490 is not far off a quarter.

The only further detail I could find was here:

www.sharecast.com/news/broker-recommendations/jefferies-downgrades-softcat-to-underperform--17040566.html

[allan08] 05/7/2024 09:27

Downgrade by Jeffries. Target price of 1490p

[slogsweep] 05/7/2024 07:48

anyone know what caused the drop?

[ben750crow] 26/3/2024 11:30

Another good set of results, excellent company!

[seanyboy] 26/3/2024 10:17

I iz luvin SCT - once market regains full confidence this stock will fly

[siggs44] 26/3/2024 09:57

Another set of good results

[ddubzy] 24/10/2023 08:16

Indeed, heavily down, but took advantage and added on that crazy drop.

[siggs44] 24/10/2023 08:02

Total over reaction - crazy.

[martywidget] 14/7/2023 06:14

"Citi analyst Balajee Tirupati upgraded Softcat Plc from Neutral to Buy with a price target of GBP 16.00 (from GBP 12.50)."
July 13, 2023 4:19 AM EDT

[trident5] 13/7/2023 21:10

Back down tomorrow

[mngf] 13/7/2023 19:10

Upgrade from citi

[siggs44] 13/7/2023 08:17

What's up?

[togglebrush] 30/5/2023 07:45

Very brief Q3 update... just to prove some one is available to turn the lights on

[systemsthinker] 05/5/2023 17:38

Seanyboy - I'd never give advice(!) but I bought Softcat at the start of February.

I'm not concerned about exec/director sales of shares unless backed up by other more dubious factors, and I can't find any.

It just seems to be a slightly unexciting but profitable company with a pretty good outlook, so is what I was looking for as a longer term investment. Dividend yield is also forecast to rise.

In my previous job in IT, I also dealt with them on a business level and I was quite impressed. That was a few years ago, but they still seem to be doing OK...

[seanyboy] 25/4/2023 14:06

Thinking of investing in Softcat - fundamentals seem sound but what was the deal with CEO sale of shares some time ago? Was that a concern for any of you? Any advice appreciated but ofcourse I will do my own research - TIA

[togglebrush] 28/3/2023 06:12

In brief Today's Interims:-
'
Highlights for the six months to 31 January 2023

Growth in gross profit (GP),was very strong at 17.9% and ahead of expectations
'
Operating profit was also ahead of expectations .
'
Gross invoiced income (GII) was up 4.9%,
'
Performance and growth drivers have again been broad-based,·
'
Closing headcount was up 21.1% ·
'
Customer base grew by 3.3%, GP per customer was up by 17.4%,
·
Cash generation was strong 117.8%;Cash closed at £97.7m;Company remains debt free.
·
An interim dividend of 8.0p per share, up 9.6%, paid on 24 May 2023; ex-dividend on 13 April 2023.