Updates

Softcat

April 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Chief executive Martin Hellawell has done a great job of steering Softcat through 41 quarters of consecutive growth. Latest H1 showed that despite opening new offices, recruiting more staff and absorbing PLC costs, pretax profit was still up 13% to £19.5m and eps by 16% to 8.2p. H1 sales were up 10% to £293.5m but a richer mix of profits came from the security, networking and data centre segments, which saw the more important measure, gross profits, ahead by 15% to £53.8m (gross margin went up 0.8% to 18.3%, a record, and a key metric, the conversion of this gross profit to operating profit, was 36.4%).Software and service revenue growth was up 15% although sales of PCs and laptops were onl ...

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Victoria - Eps forecasts upgraded to 80.1p and 105.5p

EMIS

Softcat - Benefits as customers accelerate buying decisions for IT (May 2020)

Softcat - 56 quarters of consecutive organic growth (December 2019)

Softcat (November 2018)

Softcat - Exceeding market expectations (August 2018)

Softcat - Gain since write up: 174% (June 2018)

Softcat - Forecasts raised for next three years (March 2018)

Softcat (November 2017)

Softcat - Strong start to second half (April 2017)

Softcat - 14.2p special dividend (November 2016)

Softcat (June 2016)

Softcat - 40 consecutive quarters of growth and a tidal wave of cashflow (December 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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