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Now back to where we were a month or so ago... With 18% growth figures for the “cyber” biz’s ithere could we’ll be a lot more to come and no headwinds...yet !
Thanks for that update Skittish
The Times Market Report today -
"There was something of a hard landing for investors in Softcat yesterday. Despite its best efforts to ride a wave of investment by companies in in new or updated technology and its own sunny forecasts of more to come, the market could see only clouds, in the form of a weaker sterling and downbeat economic data.
There has been little cause for concern surrounding Softcat of late. Shareholders have been purring as it more than doubled its share price over the past year, propelled by a surge in mid-sized company clients upgrading IT systems and strengthening their security software. In a trading update last month, it said that market conditions had been “very favourable” and that it expected full-year 2018 adjusted operating profit to be “materially ahead” of its previous expectations.
Yesterday, though, analysts were warning that Softcat could be affected by a fall in the value of the pound, which reached an 11-month low yesterday, as the company buys much of its products from companies overseas, such as Apple. Fears of a no-Brexit deal and weaker data for July from the domestic services and manufacturing sectors, not positive in terms of its British-based clients, didn’t help, either.
All of which meant that the “sell” case outweighed the “buy” argument and sent shares in Softcat down 42p to 795p."
Still a hold for me - presumably they deal with an element of currency risk in the normal course of business.
That shud have read “hopefully it is not short- lived
was out the blue, or can anyone shed any light on it ? Moving back up early doors and it is not short-lived
Hellawell (Chairman) and family sell 3.2M shares @715p (11-7-18) and the shares continue to climb.
Hopefully all gone to a good home.
Quality stuff.
Keeps getting better
I was wondering why the sudden drop
Weakness today (-3.3%) likely explained by the sale of 1.9M shares by Lord Nash, announced by RNS after close.
Hopefully, all gone to a good home.
1% of the issued share capital.
Onwards and upwards.
Amazing strength at the close. Let's see where we open tomorrow.
And after yesterday’s fluctuations it will be interesting to see the direction it will go today...my opinion is for more traction up..
Obviously your right but whilst I understand a downgrade effects the sector but still believe it Is usually to a lesser degree for its peers...
Just checked the CCC share movement. They got the downgrade and the SP dropped less than SCT percentage wise.. How does that work ?
As the Brokers appear to know less than us I am not that worried. Coincidently, I sold some of mine the beginning of April at the very same price !!!
Did the Cat just die or something ?
I felt the same at about 650 but it keeps rising and with no major volumes so no telling where the ceiling actually is...but it really is a little gem of a share
If recent chart history is any guide, I'd say this may remain soft until July/August, when strength should return. Then we may see an assault on the 900p region.
Barrier proving to be a bit of an obstacle.... If the resistance is broken I would expect a significant rise...
nothing stopping the rises....onward and upward....happy days...
Interesting observation....however, it is making monies year after year so the SP can only go one way...
The fact it has done it with all the headwinds bodes well for when the market (or Donald) gets back to normality...
The Times Softcat listed today as the 6th best performing share in the FTSE250 this year up 30.6%, whilst the market is down 6%. The top 3 Nex, Fenner, Fidessa are up 63%, 54% and 44% rise on the back of takeovers, 4th and 5th Ocado and Sirius, 38% and 32%. So hats off to Softcat. A remarkable performance in all the circumstances.
Don't see any significant movement in the SP over the next few weeks other than acquisitions or takeover, both of which are not entirely out of the equation...
A bit of a wobbly start, but closed up on the day. Remains a long term holding for me.
Suppose it is "chicken feed" to him but he has taken a bit of a hit on the rate... Probably not too much effect on the SP as it would appear one investor so not flooding the market with cheap shares...