Our opinion on the current state of DTC

Datatec (DTC) is an international IT and telecommunications company operating in more than fifty countries. It operates in the United States, South America, Europe, Africa, the Middle East, and Asia. Its business is divided into three main divisions - technology distribution through Westcon International, integration and managed services through Logicalis, and consulting and financial services through Datatec Financial Services and Analysys Mason. The CEO, Jens Montanana, is a 10% shareholder. On 3rd September 2019, Logicalis announced that it had purchased 70% of Cilnet, a Cisco systems integrator and services management company in Portugal. This will expand Datatec's capabilities on the Iberian Peninsula. It also bought Orange Networks in Germany. The company continues to grow by making "bolt-on" acquisitions. It has bought Stelacon in Sweden for $2,6m, Nexia in Norway and, in South Africa, Mars Technologies and Clarotech. On 1st June 2021, the company announced the acquisition of Siticom, a 5G company operating in Germany. In its results for the six months to 31st August 2023 the company reported revenue up 14,7% and headline earnings per share (HEPS) up 34%. The company's net asset value (NAV) fell 16,1% to 210c (US) per share. The company said there was, "Continued excellent Westcon International performance Positive cash flow from operations Strong result from Logicalis International Improved Logicalis Latin America performance UEPS from continuing operations 9.6 US cents (H1 FY23: 2.2 US cents)". Technically, the share fell on the COVID19 pandemic to around 2067c but then rallied to around 4119c. Then the Ukraine crisis took the share down to 3100c on 8th March 2022, but since then it has been recovering.