LONDON (AFX) - Shares in Dimension Data PLC gained in morning deals as
investors welcomed the group's solid full year results and return to profit,
prompting Merrill Lynch to raise its price target to 40 pence from 37, dealers
said.
At 9.15 am, shares in Dimension Data gained 3/4 pence to 30. The FTSE 250
was off 4.6 points at 6,553.3.
Merrill said Dimension Data's results were better than expected, and
highlighted "excellent growth" in the solutions business.
It noted that only UK operations came in below its forecasts due to
restructuring at Merchants.
Merrill Lynch reiterated its 'buy' rating and increased its 2005 EPS
forecast by 19 pct.
UBS also noted strong full year results, with "improving results"
geographically, and margins broadly flat or better everywhere.
It added the group's outlook remains "broadly positive", but awaits further
news from the analyst meeting as the group has given a "relatively bland outlook
statement".
UBS reiterated its 'neutral' rating and 33 pence price target.
Earlier this morning, the UK-listed South African IT services group said
that for the year to Sept 30, it made a profit before tax and amortisation of
goodwill of 38.3 mln usd, turning over a pretax loss of 6.8 mln a year ago.
Operating profit for the full year period was 33.0 mln usd, turning over a
9.0 mln operating loss a year ago.
ck/wf

Capetown - well, no crystal balls I'm afraid but if it breaks through 33.5p where there's been a little resistance lately I think it could be. It performance over the last couple of weeks has been good in comparison with the wider markets so perhaps a corner is being turned.

Queen,Good results?,nice move in the right direction!

Excellent results capetown, and a good move north yesterday. Today's pull-back was to be expected but I think these could really start to motor now. May look at increasing holding :-)

Hi queen,hope you held on to these,looks like we finally breaking out of the 32/33p range?

Bugsy,how are you,what you think ddt is up2?,does it look like a breakout?

Hi queen,

What you think of DDT these days?,

I am still holding,but getting a little frustrated at them?,any thoughts would be appreciated

i`m holding, slow steady breakthrough of 33p-34p,crab like movement over several weeks, to me thats a good positive sign of moving north in future , maybe not rocketing like some others but a steady climb to around 37p-38p then crablike for a time before making an assault on the 40p mark, last acc. fig. were good, nothing to say next one will be worse, but dyor

gem,agreed,just that there has been a sell recomendation on tdwaterhouse,
Now
! BUY,
1 HOLD
1 SELL

Bit i saw good article weeks ago,basically saying it would break throug to 70pence.

i take these buy/sell recommendations with a pinch of salt, when they tell you to buy they usually have a big seller lined up and viceversa, only my opinion.dyor.

gem,agreeed,
Can you tell me why most of the DDT are AT trades?

i think it`s because brokers are putting through multiple orders at the same time, if you look at the trade times, very often, in twos threes and sometimes fours they are timed the same, call me sceptic but it`s another way of disguising true trades, only my opinion,dyor

nice buy vol. 2/1 on news, steady as she goes

gem,
off to a good start,like you say steady she goes!

looks like we might be on the move

Gem,Hope you are right,its been a long WAIT

Gem,looks like you were right,nice little tick up lets hope she settles at 41,for now

look at trades timed 10.01, 3 sells @38 & 2 buys @ 38 (all AT trades), me thinks someone is trying to confuse us into thinking there are sellers out there. I would have to be a buyer after researching and at this price level too. Keep on climbing babe. dyor.

Gem,ddt is nearly always at trades,i dont understand it,can you help?
How or why is it that there are very few o trades?,
Thx

post 21 might help

Gem,i have read your post 21,but why do they do it constantley,sorry to be a pain.