Investors may be cheering Computacenter's (CCC) agreement to sell RDC, its IT disposal and recycling unit: the IT services and infrastructure group plans to use the proceeds to return £100m to shareholders, or 71.9p a share.
IC TIP:
Buy
at
694p
True, the disposal threatens to depress UK pre-tax profit by about £5m this year and next. But Computacenter should be just fine: constant currency sales grew 4 per cent last year - compared with 2.5 per cent in 2013 - and accelerated to 7 per cent in the final quarter. Indeed, its French operations increased revenue by 6 per cent even in an "extremely challenging year".
Broker Panmure Gordon expects EPS of 47.1p, rising to 56.2p in 2016.
