Delcam PLC (DLC)

Delcam PLC (DLC)

Blog posts

Delcam succumbs to takeover offer

Software company Delcam has announced that it is recommending a cash offer of £20.75 per share from Autodesk for the company. That suggests an exit p/e of over 33 based on current year earnings forecasts which is surely enough to gain shareholder acceptance (they already have commitments to vote in favour from over 45% of shareholders). It rather demonstrates the high valuations currently placed on growing and profitable technology companies. ShareSoc first covered this company in our May 2011 newsletter when the ...

AGM Reports

Delcam (DLC) AGM Report 2013 – Pay again an issue

I made the long trek to Birmingham yesterday for the Annual General Meeting of Delcam. This AIM-listed company is one of the world leaders in the CAD/CAM software market, mainly selling to engineering companies but also into other markets where specialist design and manufacturing is required. The last time I visited this company for their AGM was in 2011 and a report on that was published in one of the early ShareSoc newsletters. It’s in the May 2011 edition if anyone ...