I only have one regret about this stock - not buying enough of them when I had the chance... I'm still awaiting the day they are reasonably priced so i can load up again.
They're around a two year low at present. What do you regard as "reasonably priced" - and why?
SMX reports its half year results tomorrow. I am not expecting that they'll blow my socks off. DTL which is a superior company, although providing a slightly different suite of services, was disappointing, notwithstanding growing top line growth. I expect that SMX will be a cut below that. Any views?
I actually think that smx is a superior company. Dtl do have a superior reputation. I'm not expecting a fantastic double digit profit increase but I think tomorrow will be a decent report.
Let's not forget dws they released a great result in the same sector. So it's hard to base other companies results based on poor performance of a market leader.
Just my thoughts
I actually think that smx is a superior company. Dtl do have a superior reputation. I'm not expecting a fantastic double digit profit increase but I think tomorrow will be a decent report.
Let's not forget dws they released a great result in the same sector. So it's hard to base other companies results based on poor performance of a market leader.
Just my thoughts
I actually think that smx is a superior company. Dtl do have a superior reputation. I'm not expecting a fantastic double digit profit increase but I think tomorrow will be a decent report.
Let's not forget dws they released a great result in the same sector. So it's hard to base other companies results based on poor performance of a market leader.
Just my thoughts
You are correct, athough only just. SMX's result was better than DTL's inasmuch as SMX's NPAT was unchanged and DTL's declined. Interestingly, IRE, another great company in the tech space, albeit in financial services, showed an 18% dip in full year NPAT.
I have had a bit of a look at both SMX and DTL.
Both companies investing ahead of the growth curve and have seen their utilisation rates fall as some customers have delayed their investment projects. This was flagged by DTL in an earlier announcement.
Both companies have had good top line growth, should stand them in good stead if/when projects come back on line.
With delays in DTL’s higher margin business they become somewhat more exposed if they were to lose the government contracts that are up for renewal.
SMX’s flat result given the project delays and softness in certain markets is a reasonable effort. I also see DTL’s result as reasonable. At the headline level it is a fall of 9.5% but that is against a phenomenal PCP. If you compare this figure against two periods ago, DTL is up by 51.5% and on trend whilst SMX is up by 11.5%
Since listing DTL’s linear regression trend line has shown an annual compound increase in of 19.4%. The comparable increase for SMX is 9.4%. DTL is currently on a grossed up yield of 12.5% and SMX on 8.5%.
IMO both companies are good long teree reerm prospects but both have short term headwinds.
I own shares in DTL.
I agree with your assessment of the future prospects of these companies. Hopefully, DTL will be sold down so as to be more compelling value than it is at present.
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