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

post 21 might help

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

any other holders/watchers out there with latest news/views ? something nice is happening here,dyor

still rising after all these sells, how ?

I am a HOLDER but very wary,always at trades,but obviously happy shes staying afloat and rising SLOWY ,may it continue

INTERESTING start to the day folks,

ANY views?

THX

this is going to jump, how high ? i don`t know, but jump it will, dyor

Gem,why do you think that?

It does look like its trying hard to get out of its 33...38 price range,still holding

DDT,slowly creeping up and about to break the 40p,if we get past 40,i think 50 will not be too far away,any ideas?
Good luck
Merry xmas

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Dimension Data Holdings PLC
21 December 2005


Dimension Data Holdings Plc ('the Company')

Disclosure of Interest in Share Capital


The Company has received notification, pursuant to section 198 of the Companies
Act 1985, that as at 19 December 2005, Old Mutual Plc and its direct and
indirect subsidiaries had an interest in 121,723,078 ordinary shares of the
Company representing 9.03 per cent of the issued share capital. The shares are
held as follows:


Holder Number of shares

Old Mutual Life Assurance Company (South Africa) Ltd 69,809,156
BOE Life Assurance Company (Pty) Ltd 150,930
Old Mutual Life Assurance Company (South Africa) Ltd 17,735
Old Mutual Unit Trusts (SA) Limited 5,074,238
Old Mutual Asset Managers (South Africa) (Pty) Ltd (Managed Fund Client Assets) 23,601,541
Old Mutual Asset Managers (Namibia) (Pty) Ltd (Managed Fund Client Assets) 476,362
Old Mutual Unit Trusts (Namibia) Limited 48,890
Old Mutual Life Assurance Company (Namibia) Ltd 2,120,720
Old Mutual Global Asset Fund 400,797
Old Mutual South Africa Equity Trust Limited 3,506,381
ABSA Nominees 1,812
Standard Bank Nominees Ltd 1,948,728
NIB IPS Nominees (Pty) Ltd 59,756
Syfrets Securities Nominees (Pty) Ltd 1,612,222
Nedcor Bank Nominees 212,125
BNS Nominees 6,863,277
Nedcor Bank Nominees 715
Nedcor Bank Nominees 13,385
Nedbank Nominees Ltd 3,911,391
Registered Own Name 2,000
Mutual & Federal Limited 1,890,917




This information is provided by RNS
The company news service from the London Stock Exchange



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2005 MoneyAM

DDT breaking out of its 40p range, 50 pence in two months

Now 43!!!

I don't hold this any more having sold a couple of years ago, but I still think its a cracking company. Whacking great new sign on their office too. Best of luck Capetown.

Cheers andrew,I am out @50pence.
Happy new year

Well on its way to 50pence now

Andrew,
DDT is quietly climbing was tempted to sell @50 but seems to be breaking out will wait for 55 pence,what are your thoughts?

Amazing performance since the recession:
Software companies now becoming interesting again as industry starts to spend:

"The NTT Directors and Dimension Data Directors are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by NTT for the entire issued and to be issued ordinary share capital of Dimension Data.

Under the terms of the Offer, Dimension Data Shareholders will receive 120 pence in cash for each Dimension Data Share.

The Offer values the existing issued ordinary share capital of Dimension Data at approximately 2.1 billion.

The Offer represents a premium of approximately:

18 per cent to the Closing Price of 101.6 pence per Dimension Data Share on 14 July 2010, being the last Business Day immediately prior to the date of this announcement;

30 per cent to 92 pence, being the average daily closing price per Dimension Data Share over the 6 months prior to 14 July 2010, being the last Business Day immediately prior to the date of this announcement; and

50 per cent to 80 pence, being the average daily closing price per Dimension Data Share over the 12 months prior to 14 July 2010, being the last Business Day immediately prior to the date of this announcement."

"Hitachi, HCL, Infosys, Cap Gem, IBM and Oracle have all been mentioned as potential counterbidders".

edit - a bit slow there!