The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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SCT may have been a safer long term stock...
Just don’t trust this BOD...
They bought the contract with a 15% dizzie off
the share price...
Wonder why this was not announced on the 24th..
Skullduggery going on IMO...
I bought in just after Miton declared its interest. Just under 6.5. So am really pleased with the way these shares have performed since late April. Prospects appear pretty good so am happy hold to see what the future brings.
Datatec will return up to US$500m (R6.5bn) to shareholders in the form of a special dividend and/or share buybacks after the Johannesburg- and London-listed technology group completed the sale of its Westcon-Comstor business in North America and Latin America to Synnex.The bulk of the $630m in proceeds from the transaction � which also includes the sale of 10% of the remaining part of Westcon � will be returned to shareholders, Datatec said on Friday. Synnex, based in California, is a $14.1bn technology supply chain services company that employs about 110 000 people. The board will review options for the use and distribution of the cash proceeds received on closing of the transaction Datatec will receive as much as $200m more as a cash earn-out, subject to Westcon Americas meeting �certain agreed gross profit performance targets�. The maximum consideration of $830m equates to an equity valuation of the total Westcon-Comstor division of $1.1bn. �The board will review options for the use and distribution of the cash proceeds received on closing of the transaction,� Datatec said in a statement on the JSE�s stock exchange news service. Datatec intends to retain $130m for operational and working capital and expansion funding requirements. �The board will consider returning the majority of the remaining $500m to shareholders by way of share repurchases and/or a specific dividend, but in the meantime the proceeds will be retained in US dollars,� the group said. Any cash payments received on the earn-out will be returned to shareholders. Shareholders voted to approve the transaction at a general meeting held on 30 August. �The strategic partnership between Westcon International and Synnex will provide significant growth opportunities for both businesses, while working together to serve vendors and customers globally,� said Datatec CEO Jens Montanana
Corero directors Jen Montanana, Andrew Lloyd and Richard Last intend to subscribe for 17.17mln new shares (in aggregate), with Montanana taking the lion�s share, subscribing for 16.4mln shares, which will take his stake in the company just above 40%. If he goes over 40% he will just end of buying this back I think.
The Dutch government and businesses in the Netherlands need to work together to create a kind of national firewall to protect important websites and apps against DDoS attacks, five experts in digital security plead in an open letter, NOS reports. Currently banks, telecom providers, energy companies and other businesses all individually hire security companies to help prevent such cyber attacks. But that is not enough to stop these types of attacks, the experts warn. If they worked together, they could prevent an attack one one company from having success at another company. In a DDoS attack a website is bombarded with large amounts of traffic, which crashes the site's server and makes the site inaccessible to other users. According to the experts in the open letter, the strength of DDoS attacks are only increasing. "They're reaching a terabit per second", Cristian Hesselman, head of the research department at SIDN, the organization that manages the .nl domain, said to NOS. He is one of the experts who signed the letter. A terabit is enough data to allow 200 thousand people to simultaneously watch a Netflix series in high quality. A DDoS attack can have a massive impact, Jeroen van der Ham, another signee and researcher into internet security at the University of Twente, said to the broadcaster. Companies that are important to society, like banks, telecom companies, governments and the energy sector, therefore need to work together, the experts argue. Sharing information, such as IP addresses where DDoS attacks come from or the type of data a site is bombarded with, is an important first step. The National Cyber Security Center agrees that DDoS attacks are a major concern. "We also see that they are becoming more and more sophisticated", spokesperson Anna Sophia Posthumus said to NOS. She can't say whether the Center will play a role in the 'DDoS firewall', but calls it a good plan.
Major ShareholdersName Type Amount Holding % New Millennium Technology Trust - 94,258,302 29.87 Mr. Jens Peter Montanana - 69,303,990 21.96 Richard John Koch - 26,370,500 8.36 Director HoldingsName Type Amount Holding % Robert Ashley Stephenson - 38,000 0.012
Jens Montantana will just buy this back. Can go up to 9p when your not looking so took a small amount for unexpected rise.
just ends up buying back this company or sells it off for a big amount cuz its kind of getting to the stage where they will be able to sell it off
Does have a habit of spiking when your not looking been in before much higher, battered down and i think these guys will win some crypto security work too.
today. 58,000 sells v 467,324 buys. Nice tick up after slipping back recently. Some encouraging contract renewals too recently. Onwards and upwards...
As an emea fd of a substantial us sw company the question is - what are you actually reading ? The problem is you simply cannot "read" the interims without a much deeper understanding, splitting licence revenues between saas/subscription and perpetual (and then with the renewal on maint). They are therefore completely worthless. The big pharma deal contains no detail on the timing, recurrence of the revenue and length of contract. The best piece of info recently was on the proactive call with a 96% renewal rate which is a the very top end of industry standards. I am a holder here (with a 50%) loss. If they can lever Juniper and mcafee worldwide sales teams (surprised that they have named this incorrectly it should be intel security as mcafee has a bad association with a nutter) in the short term this will virtually go straight to the bottom line, if successful they will be bought out by one of these. I didn't see any press on the mcafee deal ?
I didn't read the interims as negatively as you...glass half full with optimism moving in the right direction. Will continue to hold for now.
Totally agree, I am out as of this morning....could not be doing with it....
Without a split out of the revenue between outright sale and subscription the numbers are totally and completely meaningless, as is any growth number. Why even bother with this crappy level of communication.
of new contract appears to have been intended to soften the blow of the mediocre numbers in the H1 report...
No.....just stick with the FT and Trustnet....enough reading to get through from day to day... Not all of it too informative....case of reading between many lines so as to speak... Yes...looking forward to interims, although, they appear to announce bigger losses each year, having said that, you can expect that in the early years, but the "growth industry" they are in entails they need to be reducing these big time as of now.....
Do you subscribe to Share Mag dodgepot? There was a good piece in the share spotlight section, the company wrote a self promotion/advert for its services which gave an upbeat message for the future. I think their PR dept need to do more stuff like this to highlight what they do. Huge growth industry. Looking forward with anticipation to interim results on Thursday.
14th Sept.....hoping these are going to be very positive.... Don't see any reason why they should not be as the cyber attacks can only have been good for business...
on a fairly constant basis over the past couple of weeks... No big numbers but Buys have been consistently greater than Sells... SP hardly moved during this period but cannot see it staying at this level for that much longer...
Will be interesting and have a feeling they will be positive...