A FTSE 100 Company


DCC is a broadly based group, operating across five focused divisions: Energy, Technology, Healthcare, Environmental and Food & Beverage.

DCC currently employs approximately 10,000 people and is listed under Support Services on the London Stock Exchange.

DCC's objective is to continue building a growing, sustainable and cash generative business which consistently provides returns on total capital employed significantly ahead of its cost of capital.


DCC Energy is the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution business in Europe. In oil, DCC Energy is the market leader in Britain and Sweden and one of the leading oil distribution businesses in Austria, Denmark and Ireland. In LPG, DCC Energy is market leader in Norway and Sweden, joint leader in the Netherlands and is a strong number two player in both Britain and Ireland.

DCC Technology is a leading sales, marketing, distribution and supply chain business providing a broad range of consumer and SME focussed products and services in Europe.


DCC Healthcare is focussed on the sales, marketing and distribution of pharmaceuticals and medical devices in the British and Irish markets and the provision of outsourced product development, manufacturing, packing and other services to Health and Beauty brand owners, principally in the areas of nutrition and beauty products.


DCC Environmental is a leading British and Irish provider of recycling, waste management and resource recovery services to the industrial, commercial, construction and public sectors, operating in both the non-hazardous and hazardous segments of the market. This year DCC Environmental handled approximately 1.4 million tonnes of waste through its twenty one facilities in Britain and Ireland.


DCC Food & Beverage is principally focussed on the sales, marketing and distribution of food and beverage products in Ireland.

www.britishbulls.com



Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 17/10/2014, 14 days ago, when the stock price was 3,194.0000. Since then DCC.L has risen by +9.39%.

Market Outlook

The bulls are in full control. The negative sentiment that led to the last bearish pattern has evaporated. Besides, the signal is suggesting to STAY LONG. It is best to follow the signal and continue to hold this security.


http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=DCC.L

Interim Report

Ø Revenue increased by 1.9% to £5.5 billion. Volumes in DCC Energy increased by 5.3% but its revenue was broadly flat, primarily due to the impact of lower oil prices. Excluding the impact of acquisitions, DCC Energy's volumes were in line with last year despite the milder weather in the current year.



Ø Revenue, excluding DCC Energy, was up 9.2%.



Ø Operating profit increased by 6.4% to £73.2 million.



Ø Operating profit, excluding DCC Energy, increased by 16.9%, driven by strong growth in DCC Technology and DCC Healthcare.



Ø Recent acquisitions are performing well.



Ø The Group increased its acquisition activity, with £148 million committed on acquisitions year to date.



Ø Agreement reached to dispose of the Irish subsidiaries of DCC Food & Beverage (Kelkin, Robert Roberts, Allied Logistics). The aggregate consideration is approximately €75 million (£60 million).



Ø A seasonal increase in working capital, which should largely reverse in the second half, reduced operating cash flow to £17.9 million. Working capital days remained low at 30 September 2014 (2.3 days versus 1.8 days at 30 September 2013).



Ø The interim dividend has been increased by 10.0% to 28.73 pence per share.



Ø The Group now expects that growth in operating profit and adjusted earnings per share will be in the range of 5% - 10% over the prior year (previously approximately 10% - 12%) reflecting the impact of the particularly mild weather in September and October




http://www.moneyam.com/action/news/showArticle?id=4916434

4 Nov Investec N/A Buy
4 Nov JP Morgan... 3,808.00 Overweight
4 Nov Panmure Gordon 4,200.00 Buy

Interim Management Statement
RNS
RNS Number : 6916E
DCC PLC
12 February 2015









12 February 2015





DCC plc



Interim Management Statement



DCC Reiterates Full Year Guidance



DCC plc, the international sales, marketing, distribution and business support services group, is issuing this Interim Management Statement in accordance with the reporting requirements of the Transparency Regulations 2007.



Third Quarter ended 31 December 2014

Group operating profit in the third quarter ended 31 December 2014 was ahead of the prior year. There was good growth in operating profit in each of DCC Technology, DCC Healthcare, DCC Environmental and DCC Food & Beverage while DCC Energy performed in line with the prior year.



In DCC Energy, both volumes and margins were held back by the milder weather conditions across Northern Europe. In the UK, DCC Energy's largest market, temperatures in each of October, November and December were above the ten year average, continuing a trend of milder than normal weather experienced in the first half.



Operating profit in DCC Technology, the Group's second largest division, was ahead of the prior year, in what is the most important trading quarter for the division. Revenue growth was modest reflecting the anticipated lower sales of tablets and mobile phones, although this was offset by a strong performance in PC's and servers, an improved performance in France and the impact of the CapTech acquisition.



DCC Healthcare traded well ahead of the prior year, benefiting from continued strong growth in DCC Health & Beauty Solutions and the benefit of first time contributions from Williams Medical, acquired in May 2014, and Universal Products Manufacturing, acquired in January 2014.



Operating profit in DCC's two smaller divisions, DCC Environmental and DCC Food & Beverage, was ahead of the prior year.



Year to 31 March 2015

The quarter to 31 March is a significant trading quarter for the Group and is heavily influenced by trading in DCC Energy. In January, temperatures in the UK were colder than the prior year and modestly colder than the ten year average and overall trading for the Group was in line with expectations.



The Group's full year guidance continues to be set against the assumption that there will be normal weather conditions for the remainder of the year. On this basis, DCC reiterates its expectation that the year to 31 March 2015 will show growth in operating profit and adjusted earnings per share in the range of 5% - 10%.



Development Activity

The formal purchase agreement to acquire the assets that comprise the Esso Express unmanned retail petrol station network and the Esso Motorway concessions in France has now been signed, following the conclusion of the French Works Council consultation process. The work required to develop the IT and operational infrastructure necessary to complete this transaction is on schedule.



In November 2014, DCC Healthcare acquired Beacon Pharmaceuticals Limited in a transaction based on an enterprise value of up to £10 million. Beacon is a niche pharma business which markets and sells its own licensed and third party pharma products primarily to the hospital sector in the UK.



Total committed acquisition expenditure in the nine months to 31 December 2014 was £156 million. The cash outflow on acquisitions, inclusive of a net movement in deferred and contingent acquisition consideration, was £117 million.



The previously announced disposals of Allied Logistics and a related property have now been completed. In addition, the previously announced disposal of Robert Roberts and Kelkin is expected to complete prior to 31 March 2015. The aggregate consideration from these disposals is expected to be approximately £52 million (€70 million).



DCC remains in a very strong financial position which leaves it well placed to continue the development of its business in existing and new geographies. DCC remains active on the acquisition front.



Final Results

DCC expects to announce its results for the year to 31 March 2015 on Tuesday 19 May 2015.



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12 Feb Goodbody N/A Buy
12 Feb Davy Research N/A Outperform
12 Feb JP Morgan... 3,808.00 Overweight
12 Feb Panmure Gordon 4,200.00 Buy

DC - nice chart - what's the story pre 2013?

Found some history skinny -


1976 - 90

Founded by Jim Flavin as a venture and development capital company, with clear focus on return on capital employed and operating profit. Generated a compound annual return on investment of 23% over this period.


1990 - 94

Transition to diversified group focused on 5 sectors
– Energy, IT, Healthcare, Environmental and Food.


1994

Listed on the Irish and London Stock Exchange.


2014
Listed under Support Services on the London Stock Exchange.
Constituent of the FTSE All-Share Index and the FTSE 250 Index.
Market cap. of c £3.0 billion.
Employs approximately 10,000 people.
Operating in 13 countries.

The steep climb on your chart skinny - I take to be some sort of change in listing of the shares as the rns is blank.

Thanks DC.

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 3,914. Over this period, the share price is up 25.65%.

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 4,035. Over this period, the share price is up 26.56%.
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6 Mar Berenberg 4,780.00 Buy

20 Apr Panmure Gordon 4,550.00 Buy
20 Apr Barclays... 4,480.00 Equal weight

Results

DCC to acquire Butagaz for 464m
StockMarketWire.com
DCC Energy has made a binding offer to acquire Butagaz, a leading liquefied petroleum gas business in France, from Shell for 464m.

Shell has granted DCC exclusivity while it consults with its French Works Councils as required by French law.

The transaction would represent the largest ever acquisition by DCC and a major step forward in the continuing expansion of its LPG business.

The French LPG market is the second largest in Western Europe and approximately twice the size of the market in Britain.

The acquisition of Butagaz would provide DCC Energy with a substantial presence in the French LPG market, an experienced management team and a high quality sales, marketing and operating infrastructure.

DCC says Butagaz has a market share of 25% and the 'Butagaz' brand is the leading LPG brand in France. Butagaz is market leader in the LPG cylinder and small bulk market segments and sells directly or indirectly to over four million customers.

DCC chief executive Tommy Breen said: "The acquisition of Butagaz represents a major step forward in DCC's ambition to build a very significant presence in the global LPG market. As the leading LPG brand in France with a strong heritage and reputation for customer service, Butagaz is an excellent strategic fit for DCC Energy's existing LPG business. "We very much look forward to welcoming the Butagaz management and employees into the DCC Group. DCC and Butagaz share similar ambitions and together we are excited by the opportunity to grow and develop the Butagaz business and brand."

DCC intends to conduct a placing of up to 4,200,000 new ordinary shares, representing up to 5% of the existing issued share capital.

The net proceeds of the placing are proposed to be used to part fund the acquisition, with the balance settled from existing cash resources.





At 8:28am: (LON:DCC) DCC PLC share price was +546p at 4916p

19 May Panmure Gordon 4,550.00 Buy
19 May Goodbody N/A Buy
19 May Davy Research N/A Outperform

3 Reasons Why DCC PLC’s Rally Is Set To Last Into 2020 And Beyond



By Alessandro Pasetti - Tuesday, 19 May, 2015 | More on: DCC


Vertical integration of services across most industries means that DCC‘s (LSE: DCC) rally is likely to last well into 2020 and beyond, in my view. On top of that, a raft of available downstream assets owned by oil majors could be had on the cheap, contributing to a stellar performance for the shareholders of one of the FTSE 250 darlings.

Reaction/Price Target

DCC is up over 10% today on the back of strong annual results, propelled by a wise use of funds. A price target of 7,000p a share to the end of 2017 is conceivable, I’d argue — for an implied 45% pre-tax return, excluding dividends.

If DCC’s flawless strategy persists, a 2017 forward valuation as low as 10x its net earnings could become a distinct possibility. That would imply an astonishing 2012-2017 compound annual growth rate (CAGR) of 20.6% for earnings, which could come along a 12% CAGR for dividends over the period, according to my calculations.

Here are three reasons why upside could be greater than that, though.

1. Growth

A Dublin-based support services firm with a market cap of £3.7bn and a very solid balance sheet (its enterprise value is £3.7bn), DCC is one of the most appealing business services propositions in the marketplace.

It operates five units, all of which are growing fast and present defensive features. With combined revenues of more than £10bn, its energy and technology divisions dwarf the healthcare, food and beverage and environmental units, whose combined sales amount to less than 7% of the group’s total.

While DCC continues to grow organically and by acquiring assets, its stock offers plenty of value at 4,800p, where it currently trades, based on a few factors including steady margins and sound strategy, rising free cash flow and dividends, sustainable leverage metrics and efficient use of capital.

A top-down approach also suggests that GCC is well positioned to grow across several sub-sectors and industries where demand will outpace supply for a few years from now, in my view. The industrial world is a good example.

2. Deals

That said, its shares could offer greater long-term value should DCC entertain a soft break-up at some point — the separation of some of its assets — even under a remote scenario according to which its equity valuation struggles to keep up with its fast pace of growth.

That’s a good option to have if demand for its services subsidies.

The majority of its sales are generated in the UK, which testifies to the huge potential offered by DDC, which is exploiting its strong equity valuation to do deals.




“The acquisition of Butagaz would represent the largest ever acquisition by DCC and a major step forward in the continuing expansion of its LPG business,” DCC said today when the deal was announced, noting that the French LPG market is the second largest in Western Europe, and approximately twice the size of the market in Britain. DCC aims to expand and as it grows it could become more profitable. It’s bulking up its core energy unit (77% of revenues), paying €464m for the acquisition of Butagaz from Shell, which will continue to concentrate its downstream footprint on a smaller number of assets.

“Underlying EBITDA and EBIT multiples of 3.8 and 6.2, respectively” was the implied valuation of Butagaz, which testifies to the opportunity offered to buyers in this market.

3. Valuation

The divided is rising and is projected to yield 2% in 2016 — there’s a lot to like in DCC’s rising free cash flow yield and in its dividend policy, which is clearly sustainable and could surprise in future, base on DCC’s cash flow profile.

The shares trade on net earnings and adjusted operating cash flow multiples of 21x and 12x, respectively, for 2016. Taking into account favourable conditions for support services businesses at this point of the business cycle, as well as considering the way the group is managed, there’s no reason to worry about a stock performance that already reads +65% over the last couple of years.

“We believe there will continue to be opportunities and maybe some of them bigger over the next few years, coming out of the oil majors,” chief executive Tommy Breen said today.

Panmure has lifted target by £8 since yesterday



20 May Investec 5,000.00 Hold
20 May Panmure Gordon 5,300.00 Buy
19 May Panmure Gordon 4,550.00 Buy

21 May JP Morgan... 5,590.00 Overweight

26 May Berenberg 5,850.00 Buy

DCC: Jefferies raises target to 5,900p from 4,500p and keeps at buy.