Computacenter Share Chat (CCC)

Https://www.proactiveinvestors.co.uk/companies/news/1055690/computacenter-battling-tough-trading-in-uk-and-elsewhere-1055690.html

Any guesses as to why no buyback on 6th?

Same day Marshall Wace opens a short Position.....

Headline is for up to 10% of shares to be bought back and 3/4 of those to be cancelled with the rest held in treasury. The cynic in me says that the drop back in share price from c.£29 in the last week or so may have been to do with this....

CCC on a good run following Capital Markets Day presentation on 5th June which made for good reading. FTSE 250 down 1% in that time.

Https://www.ptinews.com/story/business/british-it-firm-computacenter-opens-new-office-in-bengaluru/1527714

Another example of CCC just getting on with the day job without any melodrama or hype - great to see India is progressing quietly. Could it get further investment in the future? I hope so.

Following my tongue-in-cheek comment about Ferraris, a less jovial observation.

I can see an off-book trade for £1.2m this morning.

There can be 101 reasons why people sell shares,pointless speculating

I guess it happens to the best of us :)

Can't see it being publicised if that were the reason, maybe we'll never know?

(Googles for news of the release of new Ferraris :) )

Understand but maybe he needed the money to pay a Tax bill :)

I don't think Mr Norris's sale has helped confidence. Before the results drop, I had £30 in my sights.

Any thoughts /details on why we have seen a drop over the last few days here? I am a LTH and this is my bellweather stock

Nothing, that a broker recommendation update won't fix.

Thats exactly what im gonna do, the div on this share isn't great so im gonna take the profit of 40% that I have made to date and invest in a higher div paying company.

Great positive cash flow, SP goes down... maybe a few investors are using their money to invest in other companies that are going to do better, short term.

Short termism at its worst. I guess there's been a good lift in share price off the back of a potential capital return and this drop reflects impatience as there was nothing in that report to be overly concerned about. Tough comparatives is nothing new for CCC.

Personally, I'd prefer to see them use some of the cash to expand geographic footprint anyway.

Looks like ‘more’ was expected? I’ll never understand the stock market.

Hardly anyone comments on CCC but it relentlessly increases profits every year and is in a growing industry.

Apart from MKS it's my best performing stock in the past year.

A good chance of a special dividend too.

Pre close statement due any day. This win should build us up nicely in the run up https://www.gov.uk/government/news/digital-defence-transformation-boosted-by-150-million-uk-contract

Https://www.proactiveinvestors.co.uk/companies/news/1031357/computacenter-faces-uk-drag-and-normalising-sourcing-volumes-1031357.html

The last 4 posts seem to have two common sub texts but from different posters who have a very low number of individual posts.

Could they be bot generated?

The market's recent decline suggests apprehension before Monday's Pre Close Statement. Although I lack a crystal ball to assess short-term trading's viability, I remain confident in its long-term potential. Despite considering purchasing stocks when they briefly hit 1800p in late October, I ultimately chose not to. As it appears quiet here, I'm curious if anyone possesses insights into what lies ahead.

Although initially skeptical, I acknowledge that Computacenter's significant presence in the US market has attracted the attention of influential figures such as Mr. Dell.

The recent drop in the market indicates nervousness ahead of Monday's Pre Close Statement. While I wish I had a crystal ball to determine if short-term trading is worthwhile, I still believe it is a long-term investment. I almost purchased some stocks when it briefly reached 1800p in late October, but I decided against it. It seems quiet here, so does anyone have any insights on what the future holds?

Despite my skepticism towards this column, I believe that the strong presence of Computacenter in the US market is catching the attention of influential figures like Mr. Dell.

These results indicate significant progress and no unexpected outcomes, suggesting that these shares have the potential to bounce back to their previous levels from a few weeks ago. Here are a few noteworthy highlights:

- The US market already contributes to over 50% of net sales.

- There is a commitment to provide a shareholder return of at least 10% of market capitalization by the end of 2024.

- Pre-booked orders have increased by 130% at the end of the year.

Considering the trend of companies listing in the US, I wonder if a US listing or a dual UK:US listing would enhance the valuation multiple. Regardless, this company's track record should justify a price-to-earnings ratio of 18+ which would value it at £30 or more.

ComputaCenter plc posted interims for the HY ended 30th June this morning. Revenue was up 26.8% to £3,584.9m, PBT was up 13.9% to £122.8m while EPS was up 13.7% to 76.5p. The Group is on course for its nineteenth year of uninterrupted full-year adjusted diluted earnings per share growth. The balance sheet remains solid with over £300m cash and net funds of £164.8m. Valuation is relatively attractive with forward PE ratio at 12.4x top quartile for the Software & IT Services sector. The fragile macro environment is the main cloud to the investment case, share price also lacks some momentum. CCC is a solid, growing and profitable company worth monitoring for the longer run, but is perhaps still a little early to be buying...

...from WealthOracle

www.wealthoracle.co.uk/detailed-result-full/CCC/787

Stargate

Nice prediction :) Are you are a charter by any chance!

Project sp, may rise to 2600, by 11/9/23.

Nice rise!

Https://www.proactiveinvestors.co.uk/companies/news/1025898/computacenter-soars-after-better-than-expected-results-1025898.html

Sale. Albeit small but not a good sign.

Well we seem to be on a steady climb. Oh what have I said - the market will now crash!

We've been there once Robina - I sold a tranch at £30.50 March last year and rebought in at £19.84 a couple of weeks ago.
Patience is the game on this one but nice divi in the meantime.
Great to see Shares giving some love to this hidden gem this week https://www.sharesmagazine.co.uk/article/time-to-buy-under-the-radar-and-reliable-uk-tech-business-computacenter

That £30+ I'd say is 3 years away.
£25 in 18months.

Given these results show significant progress and no surprises these shares should bounce back at least to where they were a few weeks ago.
A few highlights for me:-
US already accounts for >50% of net sales
There's a commitment to return at least 10% of market cap by way of a shareholder return no later than the end of 2024
Pre-booked orders at year end up 130%
Since there's a move towards US listings for some companies I wonder if this or a dual UK:US Iisting would bolster valuation multiple?
Either way this company's track record should justify a PE of 18+ which would put it at £30+

Morning.
As an employee based at Hatfield,i have to say there is a pleasant feel about the site this morning.

I wasn't really thinking deposit exposure, more inventory or project related bad debt which I presume wouldn't be covered. I understand that there is a buyer for SVB in the US but I'd imagine they are picking up assets and not not the debts.
The banking sector is a sector strength for CCC but I agree it is unlikely to be major exposure.

US cash banked - should not be a major concern given that SVB deposit holders got back 100%.

SCT's results being "ahead of expec." was a good cross-read. SCT PE c 20 vs CCC c12.5. Expected peeps to buy in after SCT's excellent results. No reaction. Good. Gave me a chance to even buy more pre-FY results for CCC.

I guess we are all anxiously awaiting the full year results - as there was a delay to the statement due to the need to complete the audit in one of the US divisions. I only use the word 'anxious' because it happened to coincide with the Silicone Valley Bank and a few smaller banks in the US going bust. Let's hope there's no material exposure there. I guess there is also the concern that we are heading into a recession.
Perhaps Softcat's results today provide some comfort in the fact that they state that the market (UK for them)continues to grow despite the macro-economy. Fingers crossed CCC's broader market exposure and lower PE ratio will lead to a re-rating! I bought a few more when they went sub-£20 as I just believe their true value is upwards of £30.

Indeed. If I am comparing apples with apples, an increase in net funds from £159.3m at half year to £244m at year end is tremendous and shows that although margins are low at c.3.8% CCC is a money making machine. I can feel another special div coming on....
It's so well managed and their investment plan moving into Asia (half year report) with a small bolt on acquisition indicates that they are on a steady path to global coverage. Whence, it will not surprise me if Mr Dell (or suchlike) comes knocking! Onwards and upwards.

Everything going well. Should 're rate . Pe must be close to 10. Should be close to 20 at least.

Today's drop shows some clear nerves before Monday's Pre Close Statement.
I wish I had a crystal ball to see if it is worth trading in the short term but it remains a long term hold for me.
I so nearly bougt some when it dallied with 1800p in late October but I resisted.
So quiet on here - anyone got any thoughts on what is in store?