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@Archy147 - I'm with you about being puzzled about the drop - it's now dropped about 20% since the high a few weeks back and that is after the announcement that earnings were better than predicted and that they will be paying the dividends (as long as no downturn before results announced). Maybe trying to gets people to sell prior to the results in a few weeks time?
Guys
Somewhat puzzled here. After buyng at over 1300p, this is now one of the biggest dogs in my portfolio. What is going on!
We've had all this hype about (US) tech stocks going through the roof, Covid accelerating trends towards online, and vast numbers of people workiing from home who never were before and the end result? Softcat is trading lower than it was at the start of the year?!
OK, I get they've been trading on a high multiple, but given all the tailwinds how can they possibly be considered to be worth less than they were in Jan/Feb before the pandemic struck? Confused.
Some of the froth has come off Tech Stocks of late and has had some impact on the SP. However I think this a good long term share, no debt a big plus these days. Looking forward to divi announcement.
Anybody know why we have had yet another 15% drop from the last high on 02.09.2020? I remarked on a similar drop a few months back, it peaked and then tanked 14% - very strange, especially when they are restarting the divi and going to be reported earnings better than expected?
Interesting analogy with Computacenter.
hTtps://www.fool.co.uk/investing/2020/09/05/stock-market-correction-2-technology-focused-uk-shares-id-buy-today/
One of the best software house on offer under tough times. The share price will follow the steps of CCC in the next few months for sure.
Certainly a lovely climb up over past week or so...looking very good...assume they will be posting good results!
Little chat on this board, but this is moving nicely in the right direction, got in recently at 10.90 so a nice addition
I've gone in now. Could t hold out any longer. As far as Im concerned the price has dropped 10% recently whilst their latest third quarter RNS confirmed that their status was still forerro rocher excellent. I think that Softcat are a great play on firms digitising their businesses in response to Covid. Im worried though generally of a major stock market crash but thats why Im only tentatively loaded into stocks this year in terms of overall portfolio.
Guess so.. I am waiting for £10.
What's with the 14% drop since the high 2 weeks ago, possibly the extremely basic Q3 notification?
I Just took a look at SoftCat and posted a vid: https://www.youtube.com/watch?v=6cin8SZECfs
SoftCat have an excellent trend of increasing net income from a very compelling organic growth model. In their latest interim call they highlighted an increase in customers and revenue per customer and their main market of providing IT infrastructure makes a compelling case for their future growth potential.
They have absolutely ZERO DEBT and are at a 10% discount to pre Corona levels. The only fly in the ointment was their recent interim dividend cancellation :.O. Overall I was very impressed by Softcat and whilst the overall market looks very hazardous, they are currently an excellent contender for my portfolio!
City analysts don’t expect Softcat’s long record of annual profits growth to grind to a halt. This is despite signs that the global economy is already sinking into a painful downturn. It’s a testament to the company’s brilliant technologies and changes we are likely to see in the workplace. I’d happily buy this share in an ISA despite its elevated P/E multiple of 32 times.
See the UK MD is stepping down later this year, full article in the www.channelweb.co.uk
Another good set of results bang where I expected. No significant impact from the virus and I expect this company to do very well long term. Who knows what happens short term to the share price but the company it's self is in great shape.
Just invested , looks a good price , I would of thought this IT company could function very well if a large percentage of its workforce had to work isolated and remotely. I cant see corona impacting its turnover too much this year.
I bought some. Could be a future FTSE 100 company.
Great set of numbers this morning that slightly beat EPS estimates but market reaction is subdued. Kind of supports my theory that this stock is fully valued. Will they be able to sustain the same rate of organic growth? Time will tell...
Not sure why all my posts were removed?! Perhaps admins don't like me being short SCT?
Good shout F1-
Ouch do you still have the short open?
F1, considered your “value” comment and along
with previous trends for this stock of loitering in
the doldrums for months on end following a RNS
induced hike I decided to bail out completely as
of yesterday.
This stock has been good to me and will be monitoring
for opportunity to get back in but hope to be able to
keep my finger off the button for a few months if I am
to stick to following “the trend”
Their numbers are insignificant and probably just
tax related so near to end of tax year
Top-sliced for a bit of profit....not at the highest intraday but
happy with the number...
Will wait and see if opportunity to get back in over
the next few weeks....
that was meant to read "flipping stock for"
Did not realise wine affected the fingers....and thumbs