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Q1 results should be out in the next few weeks which will give the city a steer on whether last year was a flash in the pan or more sustainable longer term.
Following the public sector wins it would appear on the face of it that CCC have done quite well - March contract estimates are >£150m alone (I assume that the 2 x £1b contract split between 19/21 suppliers get equal split).
The US remains the great unknown at this stage.
It's a tad frustrating that Softcat get such a higher rating from the city based on their profit margins being more than double CCC. How do they achieve 7% margin versus 2.8% for CCC - and a PE of 47 versus CCC of 18! They can't charge more so their overheads must be significantly lower.
Should of gone to Wales last year which was cancelled.The company gave me £300 of vouchers to compensate.We also received a £500 bonus for earnings per share reaching £1 and a hamper at christmas.
There is a reason that the 3 of us have stayed the years we have.
Same as me, there were only 11 of us who joined in 1990 who are still here. Yes looking forward to that, will be a big bash this year, hoping to stay in the main Hotel.
DW
last year ,was 30. this year 31... Still going to wales this year ( hopefully)
Hi Filmcell. Was that 31 last year or this year?
ive been with CC 31 years.. great company...
I agree Chelwood. I've been with CC over 30 years and proud.
That’s reassuring Chelwood
Morning Arsenal58,fellow gooner myself.
Yes,is the answer to your question.I have been with them 20years and watched them grow.
There are big hopes for Computacenter USA,now a 2000strong workforce.
Chelwood
Is the future upward in an employees eyes
I work for the company,20yrs.Soon to be opening in Romania.
USA starting to look big with Pivot now on board
Robina, we've all been there when we bought impulsively and feel we paid more than we wanted to. You are right, CCC is nothing like AWS - it's a reseller of other people's hardware and offers add on serviced BUT I believe that most buy and hold portfolio's need a CCC in there. It is consistent, with exceptional cash generation. The divi at these levels is nothing to write home about true but if the management don't see acquisition opportunities then they tend to return the cash to shareholders, latterly as special dividend. There is a new flair to the management approach right now by which I mean they look to be targeting expansion of territory - currently US, having Europe already, so I wouldn't rule out other regions in time. Remains a long term hold for me.
See this roaring up in next few sessions
Hope you kept the faith Robina
UBS have found some for the time being lol
You will know in April after first. Quarter
I am in at 20.90 and feel safe for a nice earn before ex divi
GLA
Well I feel it's been overhyped and confess I fell for it.
A steady earner though esp. from govt contracts but don't believe the growth story is strong.
Robina
You may have a long wait for eighteen lol
Twenty four before ex divi
I believe the sp should be around £18 looking at the long term trend.
It doesn't have a big growth story like AWS.
Dividend is small.
Strange dip in the price today , see this bouncing to 24-25 area in next few sessions .
GLA #
That's a good PEG, can you share your workings please? I'm being lazy
Excellent results today !This puts this company on a PEG of approx 0.6 , this is my type of company, low PE, consistent growth
Great contract and I agree on the valuation. My slight niggle is that the Dept for Ed. seems to be a big part of the contract wins whereas Softcat do see to win contracts from a wider range (geographically and departmentally).
I saw Morgan Stanley initiated CCC at equal weight this week but had Softcat Overweight noting that "there is some risk around the integration of three large deals simultaneously, especially during the pandemic and since the US acquisitions - Fusionstorm/Pivot - appear to be underperforming initial expectations."
Full article https://www.sharecast.com/news/broker-recommendations/morgan-stanley-initiates-coverage-of-softcat-computacenter--7836147.html
Thats a nice contract
25 pound + by results
And the gov contacts keep rolling in 11/03/2021 £32,000,000
Don't know why were not above £25.00 a share with these million pound contracts every month........
https://bidstats.uk/tenders/2021/W10/746586164
We're doomed then.