Feeds

City says buy Morse, sell Computacenter

It’s a tale of two dealers, but is the giant of the channel about to be over-shadowed by the stock market newcomer

  • alert
  • submit to reddit

Boost IT visibility and business value

Investors were yesterday advised to switch shares between two UK resellers - offload old-timer Computacenter to invest in stockmarket newcomer Morse. Broker Dresdner Kleinwort Benson (DKB) said its clients should buy into the newly floated Morse, according to The Sunday Times. Its reasons were that Computacenter shares were expensive at 581.5p, against what DKB considers to be its fair value range of 350p to 450p. London-based reseller Morse floated on March 23, priced at 250p per share. This afternoon’s market did not responded to DKB’s advice. Morse was down 5 pence at 245p. Computacenter was up 3.5p at 585p. Clive Longbottom, CSL analyst, said Morse was expanding rapidly. But he did not agree that it would be worth withdrawing cash from Computacenter to invest in Morse, unless for possible short-term gain. "For long term returns, I think it is still better to stick with Computacenter. Its plans for expansion in Europe are moving the company up the scale to allow it to compete more effectively with other service providers," said Longbottom. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.