Yes I like this one, been punished too much IMHO. Looking at the recent spike in the share price, this bodes well for the future of this stock, expecting a W to unroll here, yes bullish on this one from down here at 120p.

Computacenter revenue up 8% in first half
By Lee Wild

Date: Thursday 10 Jul 2008

LONDON (ShareCast) - A largely positive update on the first half attracted buyers to IT services provider Computacenter Thursday, with revenue for the period up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.

Revenue and profit in the three months to 30 June improved on the first quarter and beat the second quarter of last year thanks to a better effort from UK and French subsidiaries.

The firm, whose shares have almost halved in the past two months, said UK sales for the six months rose 4.8% and by 8.3% in the second quarter due to strong growth from its software business unit.

First half profits in the UK will still be lower than in 2007 though following heavy investment together with the poor start to the year.

Losses in France will be roughly the same as last year in local currency, but major contract successes bodes well for the second half, while trading in Germany has been consistent throughout the first half of 2008.

As anticipated first-half group pre-tax profits are expected to be lower than the same period last year, said the company. However, due to the impact of share buy backs and an improved tax position, earnings per share will show an improvement.

Interim results are expected on 28 August.


TechMARK movers: Computacenter revenue up 8%
Date: Thursday 10 Jul 2008

LONDON (ShareCast) - A largely positive update on the first half attracted buyers to IT services provider Computacenter Thursday, with revenue for the period up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.

Revenue and profit in the three months to 30 June improved on the first quarter and beat the second quarter of last year thanks to a better effort from UK and French subsidiaries.

Date: Thursday 17 Jul 2008

Investors also switched on to IT services provider Computacenter following last weeks largely positive update on the first half, with revenue up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.
contract successes bodes well for the second half, while trading in Germany has been consistent throughout the first half of 2008.


According to Share Centre: (Broker Recommendations)

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 0

Total 6

07-Jul-08 Panmure Gordon Buy reiterated their BUY recommendation (reducing target from 229.00p to 201.00p).

Less than a month to results...as always Please DYOR.

Computacenter PLC (CCC:LSE) set a new 52-week high during today's trading session when it reached 549.50. Over this period, the share price is up 29.34%As of Mar 15, 2013, the consensus forecast amongst 8 polled investment analysts covering Computacenter plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 07, 2013. The previous consensus forecast advised that Computacenter plc would outperform the market.

Interim Management Statement

RNS


RNS Number : 0615D

Computacenter PLC

24 April 2013






Computacenter plc



Interim Management Statement



24 April 2013





Computacenter plc ("Computacenter"), the independent provider of IT infrastructure services and solutions, today publishes its Interim Management Statement from 1 January 2013 to date. Figures below are based on unaudited financial information, for the first quarter.



Financial Performance



Revenue for the first quarter, on an as reported basis was unchanged at £659.4 million (2012: £659.1 million). In constant currency, it declined by 3%. Group Services revenue grew by 7% as reported and by 4% in constant currency. Additionally, Group Supply Chain revenue reduced by 3% as reported and 6% in constant currency.



UK



The momentum we have built up in the UK business continued in the first quarter with a revenue increase of 6% to £294.9 million (2012: £276.9 million) with Services growth at 11% and Supply Chain growth at 4%. The comparator from 2012 for Services growth will get more challenging from now, but our prospect pipeline has increased since we last reported giving us more confidence that our Services growth rate can be maintained for some time to come.



Germany



German revenue declined by 7% to £280.6 million (2012: £302.5 million) on an as reported basis and by 12% in constant currency. In constant currency, Services revenue shows a decline of 2% and Supply Chain revenue a decline of 17%. The Supply Chain revenue decline relates predominantly to a large one-off low margin deal in the previous year. The moderate revenue performance in Services was as expected due to our focus on resolving existing contractual issues over the winning of new Services business throughout 2012.



Our new Group structure is helping us to get to grips with our challenges in Germany and we have made some important progress in this regard. The two fundamental issues for our business in Germany are the performance of our problem contracts this year, and our ability to secure new and profitable contracts going forward. We are content with the progress we are making in improving the operational and financial performance on the majority of these problem contracts. Whilst three contracts remain stubbornly financially and operationally challenging, it is important to note that maintaining our overall relationship with these customers, as well as our reputation in the market place, makes us determined to ensure that we deliver on agreed service levels, in spite of any short or medium-term impact that this approach may have on our profitability.



We are now more confident in our ability to secure new contracts profitably and are therefore starting to grow our prospect pipeline. Whilst it is still early days, we are encouraged by the number of opportunities available.



France



French revenue increased by 2% to £107.4 million (2012: £105.4 million) on an as reported basis but declined by 3% in constant currency. In constant currency, Services revenue declined by 7% and Supply Chain revenue by 2%. The challenging economic environment in France has resulted in a distinct lack of Professional Services projects which affects our Services margin and our performance on the bottom line. We see very little prospect of this abating this year. Taken together with the major contract renewal that will take place in the second half of 2013, which we have noted previously, 2013 will be a tough year for Computacenter in France.



Financial Position



At the end of Q1 2013, net cash excluding Customer Specific Financing (CSF), was approximately £98 million (£106 million at end Q1 2012). Net cash including CSF was approximately £81 million (£86 million at end Q1 2012). We continue to benefit from the extended credit scheme with one of our major vendors, by approximately £27 million (£26 million at end Q1 2012). The timing of Easter at the end of the period meant that the month end cut off was made 2 days earlier than the previous year which masked the underlying improvement in the cash position.



We are in the process of undertaking the various preparatory activities required to complete a return of capital to shareholders of c £75 million, as noted in the final 2012 results announced on 12 March 2013.



Group Outlook



The UK's performance to date has been encouraging and we feel comfortable with our UK business expectations for the year. As outlined above, while the majority of our problem contracts in Germany are responding positively to the action we have taken, three have yet to do so. In respect of these three contracts, there are ongoing commercial counterparty negotiations. The outcome is thus not yet known, but may result in an increased provision this year for costs in future reporting periods. We expect to have concluded these negotiations by no later than the time of the release of our Interim Results on Friday 30 August 2013.



As noted in our 2012 Operating Review, the new Group operating model was implemented in the UK and Germany at the start of 2013. We are confident that this new model will significantly reduce the risk of a recurrence of similar contractual issues in the future and is, in addition, assisting the resolution in respect of the three contracts referred to above. The introduction of this operating model has resulted in a number of Management changes in our German business.



As previously highlighted, Computacenter France is working within a particularly difficult market environment. However, it is now performing below our previous expectations, broadly at breakeven for the year.



Overall, given the impact of the ongoing German contractual issues and our current in-year performance in France, we now expect to make only modest progress against the overall Group performance achieved in 2012.



It has clearly been a mixed performance for the business through this quarter, but we have a great deal to be excited about, particularly the UK performance and the underlying growth in our Managed Services pipeline across the Group which continues to deliver exciting new opportunities.



However, this fundamental improvement in the business is being masked by the remaining three problem contracts in Germany and challenging market conditions in France.



Our next scheduled trading update will be the pre-close briefing prior to our Interim Results, which is scheduled for 16 July 2013.

:-)

Capital Partners view - TMT: FY results are scheduled from Computacenter (LON:CCC) on Tuesday. January’s pre-close pointed to a FY performance slightly ahead of previous expectations with revenue +3% on a constant currency basis (Services +4% and Supply Chain +2%). UK has been good with a notable uptick in Q4 Supply Chain; Germany has stabilised but France in Services remains weak. We expect an update on what can be done.

Computacenter PLC (CCC:LSE) set a new 52-week high during today's trading session when it reached 720.00. Over this period, the share price is up 28.81%

Final Results 2013

RNS


RNS Number : 9644B

Computacenter PLC

11 March 2014






Computacenter plc

2013 Final Results

Computacenter plc, the independent provider of IT infrastructure services and solutions, today announces its final results for the twelve months ended 31 December 2013.

'Another strong UK performance. Important progress in Germany with revenue and profit growth.'

Financial Highlights:

· Group revenues increased 5.4 per cent to £3.072 billion (2012: £2.914 billion) and up 2.5 per cent in constant currency

· Adjusted* profit before tax increased by 3.0 per cent to £81.7 million (2012 restated: £79.3 million) and was up by 1.4 per cent in constant currency

· Adjusted* diluted earnings per share ('EPS') increased 6.1 per cent to 43.3 pence (2012 restated: 40.8 pence)

· Net funds prior to customer specific financing (CSF) was £90.3 million (2012: £147.3 million), after completing a Return of Value of approximately £75 million to our shareholders in July 2013

· Total dividend for 2013 of 17.5 pence per share up 12.9 per cent (2012: 15.5 pence)

Statutory Highlights:

· After exceptional items, the 2013 Group statutory profit before tax was £50.5 million (2012: £64.8 million)

· Statutory diluted earnings per share of 23.0 pence (2012: 32.4 pence)

· Net funds including CSF of £71.4 million (2012: £128.6 million)

Total exceptional items of £28.8 million (2012 restated: £11.9 million), including:

· Trading losses on three previously announced onerous contracts in Germany of £15.7 million in 2013 (2012 restated: £8.0 million)

· Accordingly, 2012 results are re-stated to reclassify trading losses on the three onerous contracts in Germany within exceptional items

· A non-cash impairment of goodwill and acquired intangibles in France of £12.2 million, due to deterioration in business performance

Operating Highlights:

· 2013 has seen our fourth year of annual revenue growth and total revenue broke through the £3 billion barrier for the first time in Computacenter's history

· Continued growth in Group Services revenue, up 3.7 per cent to £965.9 million in constant currency, and now making up approximately 31.4 per cent of the Group's total revenues

· Another excellent performance in the UK driven by good momentum in Services growth and a strong Supply Chain performance

· A year of financial and operational stability within our German business, which reported a growth in total revenues and profitability

· France continues to be impacted by challenging market and operating conditions although the issues arising from our Group ERP system implementation are now substantially behind us

· Group Operating Model successfully implemented in the UK and Germany, already delivering benefits

* Adjusted profit before tax and diluted EPS are stated prior to exceptional items and amortisation of acquired intangibles. Adjusted operating profit is also stated after charging interest on CSF. Exceptional items for 2012 have been restated to take account of the reclassification of trading losses and provisions in respect of the three onerous German contracts.

Mike Norris, Chief Executive of Computacenter plc, commented:

The Board expects Computacenter to make further progress in 2014. At such an early stage of the year it is difficult to be very specific about the outcome, but we believe all of our major geographies will move in the right direction.



In 2014, we will continue to build on Computacenter's strong platform by increasing its number of customers, broadening our customer relationships, increasing our service productivity and innovating our offerings. This should enable us to continue our track record of cash generation and earnings per share growth.

Computacenter: Credit Suisse moves target price from 734p to 744p and retains an outperform rating.

StockMarketWire.com
Computacenter's overall revenue for the third quarter was flat in constant currency, with a decline of 3% on an as reported basis to £707m (2013: £729m).

Year-to-date revenue grew by 3% in constant currency, and was flat on an as reported basis.

Group Services revenue grew by 2% in constant currency and was flat on an as reported basis in the third quarter, bringing the year-to-date position to growth of 4% and 2% respectively.

Group Supply Chain revenue reduced by 2% in constant currency and by 4% on an as reported basis in the third quarter, bringing the year-to-date position to a growth of 2% and a reduction of 1% respectively.

The outlook for the group's trading result for the whole of 2014 remains in line with the board's expectations.

DISPOSAL OF R.D. TRADING LIMITED AND PROPOSED RETURN OF VALUE TO SHAREHOLDERS OF APPROXIMATELY £100 MILLION

Highlights
· Disposal of R.D. Trading Limited, the Group's wholly-owned IT disposal and recycling subsidiary;
· Gross cash consideration received from the Disposal of £56 million
· Proposed Return of Value to Shareholders of approximately £100 million

StockMarketWire.com
Computacenter is to return £100m to shareholders through the issue of B shares.

The return of value was approved by shareholders at an extraordinary general meeting yesterday along with the consolidation of existing ordinary shares on the basis of 15 new ordinary shares for every 17 existing ordinary shares.

Computacenter will issue 139,012,366 B shares today to shareholders who were on the register at 5.00 p.m. yesterday. The B shares will neither be admitted to the Official List of the Financial Conduct Authority nor to trading on the market for listed securities of the London Stock Exchange (or any other recognised investment exchange).

Reflecting the issue and allotment of the B shares, 139,012,366 existing ordinary shares will today be consolidated into the 122,657,970 new ordinary shares of 7 5/9p each.

StockMarketWire.com
Computacenter posts statutory profit before tax of £76.4m for the year to the end of December, 51.3% up on last time.

Group revenues rose by 1.2% to a record £3,107.8m and adjusted pre-tax profits were 5.1% up at £85.9m.

The dividend of 19.0p per share is up 8.6% on last time.

Chief executive Mike Norris said: "The ongoing strategic development of the Group, the associated investments it has made since the beginning of 2013 and our recent services wins, particularly in the UK but also more latterly in Germany, gives us confidence for the future. "The short-term will not be without its challenges. In the UK, there will be a significant number of our 2014 services wins taken on during this year, and these will take time to mature. Whilst we are encouraged by the fourth quarter performance in Germany, it is too early to tell whether this is a substantial move in the right direction, or simply represents a good quarter. "The Group has transitioned over the last few years to become a business with greater visibility of earnings due to increased services content. Our French business clearly remains in the early stages of making this transition, and whilst it has a small number of attractive existing contracts, it otherwise remains out of date and uncompetitive. Whilst we are confident of reducing the loss materially in France during 2015, a return to profitability is some way off. "However, our business remains highly cash generative, as evidenced by the recent Return of Value to shareholders, and notwithstanding the challenges outlined above, we are determined to make 2015 a year of progress for the Group.'

StockMarketWire.com
Computacenter expects adjusted pre-tax results for the year ended 31 December to be in line with the board's forecasts, as upgraded at the time of the 2015 interim results.

The group says this performance has been achieved despite a substantial headwind throughout the year, due to the strength of sterling against the euro, which has adversely impacted profits by approximately GBP3 million. Group revenue for the year was flat on a reported basis and increased by 5% in constant currency. Group Services revenue increased by 1% on a reported basis and 6% in constant currency. Group Supply Chain revenue decreased by 1% on a reported basis but increased by 5% in constant currency.

StockMarketWire.com
Computacenter posts adjusted pre-tax profits of GBP86.9m for the year to the end of December - 7.2% up on last time and 9.9% up in constant currencies.

The group's adjusted revenues increased by 5.5 per cent in constant currency to £3,054.2 million, and decreased by 0.3 per cent in actual currency (2014: £3,063.3 million). As a result of the increase in the group's overall profitability and the share consolidation which took place on 20 February 2015, adjusted diluted earnings per share increased by 21.1 per cent to 53.4 pence for the year.

The group made a statutory profit before tax of £126.8 million, an increase of 66.0 per cent in actual currency, having been significantly enhanced by the disposal of the Group's subsidiary, RDC, during the year. This resulted in the Group's statutory diluted earnings per share increasing by 105.3 per cent to 82.1 pence in 2015. In 2015, the Group reported a net gain of £41.1 million from exceptional items. The Group's onerous contracts have performed ahead of expectations throughout the year. The exceptional cost of the French Social Plan has increased by £1.5 million, from £9.1 million in 2014, to £10.6 million in 2015.

Chief executive Mike Norris said: "Due to the highly cash generative nature of our business and despite approximately £242 million of cash being distributed to shareholders over the last 3 years, it is likely that by the end of 2016 Computacenter's Net Funds4 will be at record levels.

"We are encouraged by the momentum we have in our German business going into 2016. The pleasing performance in France in 2015, while unlikely to accelerate in the short term, should be repeated.

"The UK will have a more challenging year, particularly in the first half. Services revenue will decline in 2016 due to the expiry of a large contract at the end of the first quarter of 2015 and the large volume of business take-on last year creating a challenging comparison, coupled with the one-off £3 million gain highlighted in our Interim Statement in 2015.

"We intend to increase the rate of spend on our strategic investments, which will be weighted towards the first half of the year, as we invest in our long term competitive advantage through our Income Statement. "While it is too early to make any firm commitments on the year as a whole and there is much work to be done, we expect 2016 to be a year of further progress. However, it is worth making clear that the effects referred to above will impact the phasing of our profit delivery and mean that the first half profit is expected to be below that reported for the same period in 2015.

"The Company remains committed to long-term earnings per share growth through increased profitability and prudent use of our cash generation."

Barclays Capital today reaffirms its equal weight investment rating on Computacenter PLC (LON:CCC) and cut its price target to 750p (from 800p).

StockMarketWire.com
Computacenter's overall revenue for the third quarter was up 2% to £735 million (2015: £721 million) on an as reported basis, and down 4% in constant currency.

Year-to-date revenue grew by 4% on an as reported basis, and reduced by 2% in constant currency.

Group Services revenue grew by 4% on an as reported basis and reduced by 1% in constant currency in the third quarter, resulting in year-to-date growth of 4% and a reduction of 1% respectively.

Group Supply Chain revenue grew by 1% on an as reported basis and reduced by 5% in constant currency in the third quarter, bringing the year-to-date position to a growth of 4% and a reduction of 2% respectively.

The group says the outlook for the trading result for the whole of 2016 remains in line with the board's expectations at the announcement of the interim results.

StockMarketWire.com
Computacenter's statutory pre-tax profits fell to £87.1m in the year to the end of December - down from £126.8m last time.

The group had record adjusted diluted earnings per share of 54.0 pence (2015: 53.4 pence), an increase of 1.1% and had reported annual Services revenues of over £1bn for the first time in 2016.

In the UK, strong second half revenue growth was unable to prevent a 1.1% full year adjusted revenue decline.

Supply Chain margin challenges and Services revenue decline contributed to a 21.1% reduction in adjusted operating profit.

Adjusted revenues of £3,245.4m rose by 6.3% but adjusted pre-ta profits fell by 0.6% to £86.4m.

Chief executive Mike Norris said: "Whilst in 2016 we had record adjusted diluted EPS, it was a year of mixed fortune with the UK business profitability reducing materially but the overall Group performance showing resilience due to the strength in Germany and the turnaround in France.

"The Group should have a year of progress in 2017, with a rebalancing of profits between the first and second halves of the year towards the historical pattern.

"We expect the UK to see modest improvements due to Professional Services and Supply Chain helping the overall performance.

"While Germany will be coming off a strong year, and therefore a difficult comparison, the business has strong momentum and potential to improve Services margins.

"For the French business we would be happy to repeat the same bottom line, with some deterioration in our Supply Chain compensated by improvement in Services revenue.

"New technologies and the drive to digitalisation within our core customer base is driving our customers to invest capital in new projects which is unlikely to abate, however, this is coupled with a resolute desire to reduce run rate operating costs.

"As a business we have to step up to this challenge and improve our competitive position by focusing on productivity gains and automation."

StockMarketWire.com
Computacenter said it expected results this year to be ahead of current market forecasts due to buoyant market conditions for new investments in technology particularly in its German business, backed up by steady progress in France and UK and favourable currency movements.

Group revenue for the first quarter increased by 16% on an as reported basis and by 9% in constant currency.

Group services revenue increased by 14% on an as reported basis and by 7% in constant currency.

Group supply chain revenue increased by 17% on an as reported basis and by 11% in constant currency.

UK revenue reduced by 1% for the first quarter with Services revenue increasing by four per cent and Supply Chain revenue decreasing by four per cent.

German revenue increased by 23% for the first quarter with services revenue increasing by 8% and supply chain revenue increasing by 31%, all in constant currency.

In France, revenue increased by 6% for the first quarter with an increase of 22% in services revenue and 2% in supply chain revenue, all in constant currency.

13.02.2018
StockMarketWire.com
Computacenter said it had completed a £100m buy back of shares that represented around 7% of the its shares on issue.

The tender offer's strike price was determined to be 1170p pence, the company said.

Berenberg today (21.05.18) reaffirms its buy investment rating on Computacenter PLC (LON:CCC) and raised its price target to 1450p (from 1250p).