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Datatec Ltd (DTCJ.J)

DTCJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Datatec says full-year revenue at $6.08 bln vs $6.45 bln yr ago
Monday, 22 May 2017 02:00am EDT 

May 22 (Reuters) - Datatec Ltd ::Fy group revenue $6.08 billion (fy16: $6.45 billion).Fy ebitda $118.9 million (fy16: $162.1 million).Fy gross margin 13.7% (fy16: 13.5%).Fy underlying* earnings per share 11.0 us cents (fy16: 32.0 us cents).Datatec - has been challenged in fy17 by implementation of bpo and sap within westcon-comstor which has had an adverse impact on profitability, working capital and cash generation..Group is in final phase of this process and expects an improved performance in financial year ahead..Fy profit before tax was $41.7 million (fy16: $88.4 million)..FY HEPS at 4,293 cents versus 40,016 cents year ago.  Full Article

Datatec updates cautionary announcement
Friday, 7 Apr 2017 02:00am EDT 

Datatec Ltd : Cautionary announcement & trading statement . Cautionary announcement relates to a possible sale of a major share of westcon-comstor's operations for a consideration of more than us$800 million .Proposed transaction is subject to contract and exclusivity provisions..  Full Article

Datatec says pays total gross cash div of 88.5 mln rand
Monday, 28 Nov 2016 02:00am EST 

Datatec Ltd : In terms of scrip distribution, 812,130 new ordinary shares were issued today to shareholders who did not elect to receive cash dividend . This resulted in a capitalisation of distributable retained profits of company of 38.2 mln rand . Shareholders holding 147.5 mln ordinary shares elected to receive gross cash dividend .This resulted in a total gross cash dividend of 88.5 mln rand which was paid out of distributable retained profits of company.  Full Article

Datatec says Dittrich to join as CFO on May 30
Wednesday, 11 May 2016 02:01am EDT 

Datatec Ltd : Change to board of directors - Ivan Dittrich returns as CFO . Ivan Dittrich will join board as chief financial officer (cfo) on 30 May 2016 .Jurgens Myburgh, group's current CFO, has accepted position of CFO of Mediclinic International and will leave Datatec at end of july 2016.  Full Article

Datatec says FY revenue rises to $6.5 bln
Wednesday, 11 May 2016 02:00am EDT 

Datatec Ltd : FY group revenue $6.5 billion (FY15: $6.4 billion) . underlying. earnings per share 32.0 us cents (fy15: 41.8 us cents) .Our expectation at this stage is for an improvement in earnings and operating leverage in FY17..  Full Article

Datatec Ltd's Logicalis acquires Thomas Duryea
Tuesday, 1 Dec 2015 02:00am EST 

Datatec Ltd:Says its subsidiary, Logicalis Group Limited, has acquired 100% of the issued share capital of Thomas Duryea Consulting Pty Ltd, an Australian ICT services and solutions provider.  Full Article

Datatec Ltd announces completion of acquisition of US-based ATIG
Wednesday, 9 Sep 2015 02:00am EDT 

Datatec Ltd:Announces that, following fulfilment of all conditions precedent, its subsidiary Logicalis, Inc., has completed the acquisition, announced on July 29, of Advanced Technology Integration Group from MCPc, Inc., for a total consideration of up to $42 million.  Full Article

Datatec Ltd announces acquisition of ATIG for $42 mln
Wednesday, 29 Jul 2015 02:02am EDT 

Datatec Ltd:Says its subsidiary, Logicalis, Inc. (Logicalis), has conditionally agreed to acquire Advanced Technology Integration Group (ATIG) for up to $42 mln (including contingent consideration) from MCPc Inc (MCPc).Acquisition will consolidate Logicalis' presence in key Midwest region and present significant cross selling opportunities for its services offering. Its offering is highly complementary to Logicalis.MCPc is selling ATIG to focus on their end user computing business, an area where Logicalis does not operate.  Full Article

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BRIEF-Datatec says full-year revenue at $6.08 bln vs $6.45 bln yr ago

* Fy underlying* earnings per share 11.0 us cents (fy16: 32.0 us cents)