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.

From FT...Consensus recommendation is Outperform
Analyst Detail BUY OUTPERFORM HOLD UNDERPERFORM SELL NO OPINION
Latest 2 3 3 0 0 0
4 weeks ago 2 3 3 0 0 0


analysts offering 12 month price targets for Computacenter (CCC:LSE) have a median target of 190.00p


Personally agree there is a downturn, however punished too harshly from an sp of 200p+ just 2 months back ago in May.

if this can breakthrough 122p should see 134p PDQ, especially with the recent shake after the spike and sellers already cleared, let the battle commence with the buyers LOL

hope the above info has been useful...let's CCC how the bullish W unfolds

wakey wakey

:-)

:-)

W unfolded as predicted

"

Opened a new long in Computer Centre ccc , from the chart you can see that it as broken out of a line of resistance at 218p on a 3 year basis.

A little bit of resitance coming up at 240p but hopefully should get through that and on and upwards...

Broke through a 3 year resistance line at 218p today and could go higher up to results on the 27/08/2009.

well worth a read of the last trading statement.... http://www.investegate.co.uk/Article.aspx?id=200907090700123698V

3 year chart showing line of resistance.



Broker reports out over last 48 hours show it to be trading on a miserly P/E of 8.3 going forward to 2010. NAV per sahre at last results 176p, and plenty of cash.

Computacenter PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
22-07-09 BUY 48.72 23.47 8.70 54.07 26.05 10.00

Investec Securities
22-07-09 HOLD 45.83 22.40 8.50 52.64 25.73 8.70

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 47.31 22.95 8.60 53.37 25.89 9.37

1 Month Change 1.05 1.07 0.01 2.94 1.99 0.06
3 Month Change 2.76 1.90 0.00 4.01 2.53 0.01


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 12.66% 8.67% 12.81%
DPS 9.33% 4.88% 8.95%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 71.29m 64.24m 71.16m

EBIT 29.80m m m

Dividend Yield 3.77% 3.96% 4.31%

Dividend Cover 2.58x 2.67x 2.76x

PER 10.29x 9.47x 8.39x

PEG 0.81f 1.09f 0.66f

Net Asset Value PS 176.21p p p

dyor

Consensus broker figures (from Digital Look)....

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 4
Sell 0
Strong Sell 0

Total 8

FORECASTS

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-09 2,435.53 46.02 22.28p 9.7 2.4 +4% 8.41p 3.8%

31-Dec-10 2,444.30 49.91 24.17p 8.9 1.0 +8% 9.01p 4.1%

A growth in earnings of 24.17p per share for 2010 puts the stock on a miserly prospective P/E of just 8.9 for 2010 far too cheap in my opinion.

Interesting technical site gives an overall buy for CCC.

http://quote.barchart.com/texpert.asp?sym=CCC.LS

Computacentre PLC attacking a 5 year old resistance line at 260p and once through this 300p next target.

looks to have momentum strength behind it and good volume for this time of the year....

CCC Computacenter

Starting to look very interesting again
for bulls.

brokers like it and it trades on a forward
P/E of just over 9 for 2013 FAR TOO CHEAP...

Computacenter PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
12-04-12 BUY 83.90 41.50 16.40 93.30 44.90 17.90
Investec Securities
07-12-11 BUY 80.87 40.40 16.56 84.13 42.20 18.55
Arbuthnot Securities
01-12-11 None

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 82.99 41.17 16.45 90.55 44.09 18.10

1 Month Change 0.11 0.08 -0.10 -0.05 -0.01 0.00
3 Month Change -0.44 0.02 -0.05 -0.91 -0.67 -0.14


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS 12.34% 10.62% 7.10%
DPS 23.48% 15.83% 10.01%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £35.26m £110.44m £119.79m
EBIT £m £m £m
Dividend Yield 3.26% 3.78% 4.16%
Dividend Cover 2.62x 2.50x 2.44x
PER 11.70x 10.57x 9.87x
PEG 0.95f 1.00f 1.39f
Net Asset Value PS 194.62p p p

Have taken opportunity to buy back half my original holdings which I sold during March. Looks to me that they are being punished by the market for investing in their growth story and thereby reducing current earnings. Obvious risks with their expansion plans, but from a chart point of view they seem to have collapsed onto hopefully strong support levels. Any views? ,thanks H

Computacenter shares started to recover from their recent slump in July. From a 2012 high of 448p in March, the price slid to a low of 292p near the end of June, before putting on 21% over the month to end July at 354p.

The IT services contractor's interim trading update on 17 July revealed Group revenues up 4% in the first half, with Group Services revenues up 12%. The company is also in a strong net cash position, and although some European business has been tough, the firm is sticking with its positive guidance for the full year.

And Computacenter is paying strongly growing dividends, which it just keeps raising year on year. With a 4.5% yield forecast for this year and 4.9% next, from shares on a P/E of around 9, I think we're looking at a bargain.

I agree, they look a bargain. Bought back the other half of my original holdings on Monday. Looking for 420p plus divis along the way. H.

MoneyWeekComputacenter saw profits grow 19 per cent from 2007 to 2011, yet its shares have been hammered over the past three months, says Paul Hill.
It has evolved from equipment provider to dealing with more elaborate services, ranging from software to helpdesk and maintenance support.

It has also successfully diversified overseas into continental Europe where it counts big German names such as Bayer, BMW and Daimler as clients. On top of this corporate demand for Windows 7 is accelerating.

A profit warning earlier this year should be seen as a blip. It has spent £7m recruitung and training 700 extra staff and sales are up. The 4.2 per cent dividend yield is twice coveed and it has net funds of £79.3m. Hill values it at 425p per share, it currently trades at 359p. Buy.


Read more: http://www.thisismoney.co.uk/money/investing/article-2183994/Sunday-newspaper-magazine-share-tips.html#ixzz22nSn9UHo

Held since 1 Aug 12
A buy in this weeks IC - Recovery potential , predictions of a 50pspecial dividend makes shares in Computer centre an alluring prospect ahead of full year results that should confirm strong trading in the fourth quarter.Broker Panmure Gordon described Computacenter as ''awash with cash'' A nd the bulging coffers have prompted the broker to conclude that 2013 could be one of the ''infrequent'' years when Computacenter pays a special dividend. The broker forecasts a 50p a share payout.
Along with the regular dividend payment , that would mean an income yield of over 13% for 2012. Panmure which does not think Computacenter will find a suitable acquisition to spend the money on, forecasts that CCC will end 2013 with £90m net cash even after its predicted special dividend payment.
True there is no certainty that a special dividend will be paid, but the fact that it is viewed as a real possibility highlights the attractions of a company with this level of cash. The liquid assets add to a broader recovery story. While 2012 will not be a great year for CCC - in fact it will break the groups record of six years of double digit
profit growth - it is likely to prove just a hiccup. The company issued a profits warning last year due to higher than expected start up costs of new German contracts. Trading in thec region, which accounted for 43% of 2011 sales, looks like it is getting back on track. In January management said ''performance (in Gemany) in the fourth quarter significantly improved''. Further progress is hoped for 2013.
It is a similar story in France, which accounts for 17% of revenue,where challenges in 2012 were caused by acquisition and business relocation. But these factors should help performance in 2013. The UK business that accounts for 39% of sales, has been trading strongly and has a good pipeline of services work.Demand for the group's services is cyclical, so reviving economc confidence could help bolster performance this year. That said, long term technological changes are likely to slow the salesof PC'S which is potentially a drag for the supply chain operation.
Given the growth forecasts for 201, coupled with the cash on the group's balance sheet, the share rating looks low despite recent share price strength. A return of capital has the potential to spark excitement about CCC ability to generate cash, while the share price should benefit as the challenges of 2012 fade from the markets mind and growth prospects come to the fore.

Looking good.