orca wrote on Wed, 20 February 2013 10:21 |
What made DTC fall like that in Dec? Dropped back by 6 months. Worth a trade for a 30% gain but I will not add it to my investment portfolio. |
Interim Management Statement and Trading Statement
Datatec, ("Datatec" or the "Group", JSE and LSE: DTC), the international Information and
Communications Technology (ICT) group, is today publishing an Interim Management Statement
covering the period from 1 September 2012 to 31 December 2012 ("the Period") and Trading Statement
for the financial year ending 28 February 2013.
The Board now expects the Groups performance for the financial year to be lower than originally
forecast***. Group revenues for the financial year are expected to reach approximately $5.4 billion
(2012: $5.0 billion) including Westcons acquisition of Afina Group in July 2012 and continued revenue
growth in Logicalis. Profit after tax** is expected to be in the range $80 million to $90 million (2012: $89
million).
Underlying* earnings per share are unlikely to reach that of last year, 2012: 47.9 cents, but are expected
to be in excess of 40 US cents. Earnings** and headline earnings** per share are unlikely to reach that
of last year, 2012 earnings* per share: 43.5 cents, 2012 headline earnings** per share: 43.1 cents, but
are expected to be in excess of 35 US cents. The lower end of all the ranges outlined above is more than
20% below the previously published forecasts.