TechMARK movers: Computacenter ahead of expectations

12th Jan 2010 15:39

Computer services provider Computacenter says that its 2009 figures will be materially ahead of consensus forecasts. Analysts had been expecting profits of around £48m. The cash pile is also much higher than expected at £87m. There are £500m of annual contracts. The VAT increase at the beginning of 2010 may have made UK clients spend money slightly earlier than they would have done but it is difficult to assess the full effect of the change. The French market was particularly strong. The annual results will be published on 11 March. Shares in Intec Telecom Systems have fallen back after a strong performance so far this month. Institutional investor BlackRock increased its stake to 10.2% at the end of 2009 and the share price rose by around 10% in the days following the deal. The telecoms billing and operational systems supplier reported near-doubled underlying profits of £27.1m in the year to September 2009, while revenues improved 24% to £167.9m. Profits could hit £30m this year. FTSE TechMARK - RisersEmblaze (BLZ) 44.00p +6.02%Trafficmaster (TFC) 31.00p +5.98%Computacenter (CCC) 308.70p +5.97%Consort Medical (CSRT) 395.00p +3.40%Sepura (SEPU) 44.00p +2.33%Anite Group (AIE) 34.00p +2.26%Filtronic (FTC) 34.50p +2.22%Biocompatibles International (BII) 245.00p +2.08%Axis-Shield (ASD) 410.00p +2.05%Dialight (DIA) 225.00p +1.12%FTSE TechMARK - FallersAsterand (ATD) 18.75p -6.25%Triad Group (TRD) 35.00p -4.11%Puricore (PURI) 13.00p -3.70%Alphameric (ALM) 26.50p -3.64%Autonomy Corporation (AU.) 1,509.00p -3.52%NXT (NTX) 15.25p -3.17%Intec Telecom Systems (ITL) 108.75p -2.90%Sinclair Pharma (SPH) 33.50p -2.90%Vectura Group (VEC) 72.50p -2.36%Phytopharm (PYM) 11.00p -2.22%