DATATEC

Finweek English Edition - - INVESTMENT -

Fol­low­ing a sur­prise trad­ing up­date from the tech­nol­ogy group, Imara SP Reid has up­dated its view on the stock. An­a­lyst War­wick Lu­cas ad­vised clients: “Fol­low­ing de­clines in earn­ings over pre­vi­ous re­port­ing pe­ri­ods, the fur­ther de­cline is ma­te­ri­al­is­ing into some­what of a trend. Th­ese trans­ac­tional er­rors from West­con [a sub­sidiary of Datatec], high­lighted by the SAP ERP tran­si­tion, are con­cern­ing to say the least. It points to a lack of pro­ce­dural con­trol over op­er­a­tions and poor re­source man­age­ment on the part of West­con. The ERP up­grade also points to the ben­e­fit of con­trol that man­age­ment will have go­ing for­ward.”

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