Softcat Share Discussion Threads

[staylow1] 02/12/2016 08:30

Well, at least the sell volumes tapered off a touch :-)

[aishah] 01/12/2016 16:13

I've added under 290p. 44 consecutive qtrs of revenue and profit growth. Now selling more higher value segments. £62m cash. dyor

[pal44] 01/12/2016 15:59

Still dropping..

[velod] 30/11/2016 19:23

Ha! Over 300 close! Thank you fate kind Sir, for not showing me up in front of my last post :) :) :) Whatever, not counting my chickens yet though. Step at a time.

[velod] 30/11/2016 08:49

My personal opinion only gs/land but if characteristics of the past year of share price repeat, then any choice of entry under 300p puts you ahead. Sp might dip further yes, but the risk of a significant further retrace from these levels, is declining not increasing.

PS. Also if unsure of precise entry point then don't try and call it but do the professional thing and split your budgeted buy into 3 or 4 smaller lots over an extended time period.

[gswredland] 30/11/2016 06:54

Lol. Still looking for an entry point. Not as brave as you! It does tend to have wild swings in price intraday

[velod] 29/11/2016 18:45

Phwoar! Worra finish to the day! I feel on safer ground opining that was the bottom vicinity. It stepped back to almost falling off the 287p support ledge but waddya know - it stopped dead on 287p and no lower! Got away with that by the skin of my teeth :) It's still a little dangerous chart-wise but feel for certain the retrace has bottomed and the share price will now try and navigate it's way, dodging past the bears, hither and thither to 300p+ to reach relative safety, and homecomimg - to be greeted with the welcome home bunting, brass bands and flags out:) :)

[gswredland] 29/11/2016 17:53

Could have grabbed a bargain velod. Well done

[velod] 29/11/2016 11:16

How about this for sticking your neck out? :) Early morning support suggesting 288 to 288.25 as far as it might retrace today. If on the other hand it closes below 287 by end of day, then those holding views that muse over a deeper drop to come, will likely prove to be in the ascendancy - and my belief that this is the bottom area will be misplaced.

. . . Edit : And after posting and returning to the full screen it's showing 287odd LOL!!!

[velod] 29/11/2016 10:18

Yes gs/land charts do look awful. But bear in mind SCT is now technically oversold and due a snap back any time now. To date everytime the share price got near oversold it snapped back pronto without stepping over into oversold. This is the first I've ever seen it cross the line and actually step below RSi30 and become oversold - but only just. Not budging from my view that although charts are indeed looking awful this is the bottoming-out vicinity. Not long to wait now for sentiment to turn bullish :)

[velod] 29/11/2016 10:11

Yes, interesting you mention that Pete5. Was running a stall at a Sunday bootsale in December the other year, about a month or so after SCT floated and I was contemplating buying in. There was a fellow carboot seller backed up behind me and during lulls we chatted. He was a software IT employee and/or software salesman. Just at that moment when I mentioned SCT floating he said "Great company. I work with them". At that precise moment customers descended upon me. Staring straight ahead as if in a trance I channelled Basil Fawlty and said "Go away" and rugby tackled the guy. Turns out he didn't work for them - but with them, as his company and SCT did work together indirectly connected with Microsoft and other big names. And so it went on. He talked THEN of loads of sales staff being taken on by SCT. Made my decision the following weeks but should have timed my entry better as waiting longer would have gotten me in sub 300. Taken until now to get my average down to 299p :)

[gswredland] 29/11/2016 10:00

Interesting. Chart is looking rather ugly

[petes5] 29/11/2016 09:48

Interesting article in IC about Amazon, with SCT expected to benefit offering advice and support to businesses on how to effectively use Amazon AWS.

[boadicea] 29/11/2016 09:17

The 'cat seems to have stopped purring!

The current share price looks low enough to me for a company with assumed good growth prospects. The question is how good those prospects really are.

I would question pal44's statement (above) that "everyone is cutting tech investing". That is certainly not true in some areas, notably software security concerning client confidentiality, esp payment handling, and other areas where strong defensive measures against hacking and fraud are becoming increasingly mandatory.

I am not clear enough where Softcat stands in terms of the market it serves (i.e. elective v-a-v mandatory) to be able to assess how seriously it would be affected by a cutback in the more elective categories of software investment. Even here, much can be mitigated if market share can be increased - as it claims to be doing.

On the basis of reasonable expectation, 250p would look to be surprisingly cheap. If ensuing results disappoint, expectations will of course follow.

However, the current apparent lack of enthusiasm may be as much down to the composition of the share register and on holders reviewing their strategic positions, weightings etc., on the anniversary of its flotation as to the actual prospects of the company.

[smokybenchod] 28/11/2016 22:02

Pal44 250p would put SCT on a current PE ratio (eps of 20p expected this FY) of 12.5, not to mention the 50mil of cash they will have at year end. Not sure PE ratio of 12.5 for a growth tech stock with cash pile is a 'fair price' - that would be a steal in my book.

[velod] 28/11/2016 21:58

250p? Had already made up my mind that if today is not to be the bottom and it retraces significantly and not just a couple of pence, then I will top-up again - taking me overweight but eventually top slicing when it recovered above 300's to restore holding to budgeted levels.

[shareholder7] 28/11/2016 20:39

I think softcat would look cheap at 250 and might attract a US company that what's to get into the UKMight be the best bet now for this share to move as company is not making much attempt to correct the share price with any positive news

[pal44] 28/11/2016 20:29

Think 250p right price .. everyone is cutting tech investing ..

[velod] 28/11/2016 11:35

It's a smidgen below/right on a support level right now so I topped up. Also it's just kissed oversold category and since listing SCT has characteristically risen away from oversold after just teasing about falling further. Might have this wrong but in essence have topped up because I think this may well be the bottom area. My average holding by SP, at long last starts with a 2 :)

. . . . . . . . E-D-I-T: Support was 291p that I mentioned above. Contract note states that I actually managed to top-up at 290.976p !!! Luckily for this investor the support held as it was touch and go whether it would break below. Currently looking all set up to ensure that was the bottom for a good close today. Well pleased.

[smokybenchod] 26/11/2016 10:52

Yeh his outlook statements need some work, although they do seem to be getting better. Think he's realised it is possible not to over commit without sounding like doomsday is around the corner!

[shareholder7] 26/11/2016 10:05

I think you are right smokey probably need another set of result to push it higher as CEO is very conservative in his statements

[smokybenchod] 25/11/2016 22:50

General tech sector taking a beating as money is moved into construction and banks in favour of new US president. Will recover soon enough imo

[shareholder7] 25/11/2016 09:33

No one loves softcat anymore Drifting down to when it floated most disappointing

[gswredland] 24/11/2016 17:00

Thanks boadicea

[boadicea] 23/11/2016 09:29

gswr - last Thursday - just look at the share price chart!
Pay day is 16th Dec.