Softcat Share Discussion Threads

[mfhmfh] 16/11/2020 10:44

positive statement today IMHO.

'The Board is pleased with the results to date and notes further positive momentum heading into the second quarter.'

[peterlowen] 30/10/2020 09:36

Computacenter 3rd 1/4



Lets hope we continue in the same way......

[n0rbie] 22/10/2020 13:14

Decent recovery

[montyhedge] 21/10/2020 08:04

Your right Kainos smashed it, been a big winner for me, Micro Focus trading update shortly should bounce back.

[iandippie] 21/10/2020 07:48

I agree with micha. With a forward pe of nearly 40 there can be no room for a cautious outlook. By contrast, Kainos, another software company, recently announced they are going to absolutely smash forecasts. So, whilst softcat is a solid company, there are better options out there imo.

[micha14] 20/10/2020 23:22

Mid yr report everything was up 20pc while as yearly profit is up 10pc which implies a flat ish second half. At 12£ a share market was anticipating 20pc growth while it received only 10pc growth anf incertain outlook in corporate segment. Great business but at over 10£ its just expensive

[micha14] 20/10/2020 23:17

Mid yr report everything was up 20pc while as yearly profit is up 10pc which implies a flat ish second half. At 12£ a share market was anticipating 20pc growth while it received only 10pc growth anf incertain outlook in corporate segment. Great business but at over 10£ its just expensive

[montyhedge] 20/10/2020 19:15

Must admit everything looking good, why down 7.5% seems baffling.

[mfhmfh] 20/10/2020 18:12

some huge buys/sells at the end.

[n0rbie] 20/10/2020 16:22

hxxps://www.channelweb.co.uk/news/4021491/softcat-ceo-reseller-biggest-growth-drivers

[mfhmfh] 20/10/2020 16:02

Q1 update 20th November according to website. Let's see what that brings.

[smegster] 20/10/2020 15:15

Although revenue growth was decent (8%), the Net cash generated from operating activities has gone down slightly, mainly due to a large rise in Income taxes paid (2020 - 27.1m, 2019 - £15.5m)

Seems strange, I wonder why Income tax paid has gone up so much (a 75% rise)?

[maldridge27] 20/10/2020 12:00

Most of sales in FY20 was attributed to sales of MS licensing and computer hardware, ( a lot of laptops as home working edict started to rise) This pipeline was exhausted by end of FY20 which coincided with end of the virus first wave. The ‘softeningR17; of demand is a pointer to a fall in sales of laptops but they should make up for it with large scale cloud wins. They kind of need to add something else into the mix to make their business look as strong as Computercentre. I would say they need to try and move into a new technology area or expand into the US to make the share price really fly but right now i will hoLe and see what happens. I’m not expecting it to rise very quickly and think it will remain between 1400 and 1150p for a good few months.

[stdyeddy] 20/10/2020 09:11

What were people here hoping for in September when it was 1400p; a reverse takeover of Microsoft?

[ddubzy] 20/10/2020 09:08

It was only a short while ago that SCT were going to cancel the divi on COVID uncertainty, its now reinstated including the March divi plus a special, albeit reduced slightly. Cant keep the market happy it seems

[mad foetus] 20/10/2020 09:06

I've bought in small, I understand the slight caveat at the end of the results but in a way think they are more relevant to market generally than SCT in particular

[mfhmfh] 20/10/2020 09:03

'Increases in both customer base and average gross profit per customer, demonstrating progress against both key elements of our strategy.'

[peterlowen] 20/10/2020 08:46

At the other end of the mid-caps, Softcat shed 11%, after cutting its special payout.

Softcat raised its total ordinary dividend by 11% to 16.6 pence and proposed a special payout of 7.6p, though this is down 53% from a year earlier.

The IT infrastructure products and services firm's revenue climbed 8.6% to GBP1.08 billion in the 12 months ended July 31, with pretax profit rising 10% to GBP93.6 million.

[stdyeddy] 20/10/2020 08:46

Cautiously, I've accepted the reaction on the open as a gift and have bought in at 1108. Re-read the main points and am still a little baffled at the open. Fat-finger? Overnight fall in the NASDAQ? I'm expecting this to finish somewhere above 1300. 2% in divis being proposed for Nov 6? Well, thanks very much!

[iandippie] 20/10/2020 08:42

In the outlook statement it says...This year has started well, however we do expect corporate customers to continue to be circumspect with their spending over the coming months...Will probably bounce back a bit from this drop but there won't be a massive stampede to jump on board at this stage with a forward pe of 32.

[ddubzy] 20/10/2020 08:28

Expected a 10% rise, not drop. Wouldnt be surprised if it was a blue finish. 23p odd divi soon