Updates

Softcat

November 2017

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.

Softcat’s finals to end July show its amazing cash generation at work with net cash at the year end of £61.6m, having paid £40.9m in dividends during the year. This time the results were accompanied with another 13.5p special dividend – making for 19.6p in dividends for the year. Sales were up 24% to £832.5m and gross profit (adjusted for last year’s procurement saving) was up 16% to £136.3m. Adjusted pretax profit was £51.6m (+16% underlying, i.e. excluding the 2016 one-off procurement-related benefit) for eps of 20.9p. Strong double-digit growth was seen across software, hardware and services - hot spots being in security (ahead of GDPR compliance ...

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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 - Strong start to second half (April 2017)

Softcat - 14.2p special dividend (November 2016)

Softcat (June 2016)

Softcat (April 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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